Identify the correct statement from the following:
Explanation:
Option 1 contradicts paragraph 7. Option 2 misconstrues what has been mentioned in paragraph 6.Option 3 has been mentioned in the first paragraph, “ … the Indian banking system has not consolidated in the manner envisioned by the Narasimham Committee.”Option 4 is incorrect, since it states that the Reserve bank of India envisages a role of facilitator ‘for itself’. In the second paragraph, the author mentions ‘our view’ on bank consolidation and merely states that “the Reserve Bank's role in the reorganization of the banking system will normally be only that of a facilitator.” There is nothing to indicate that this role has been envisaged by the RBI for itself. Hence, the correct answer is option 3.
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