Indian Economy
During which five Year plan was phase of heavy industrialization initiated?

Fourth five year plan
First five year plan
Second five year plan.
Third five year plan

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to setup more foreign exchange banks
to govern entry of new private sector banks to make the banking sector more competitive
to lend more easily for industrial development
to reduce the freedom given to banks to rationalize their existing branch network

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