The main function of the National Credit Council was to: .

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ASupervise banks

BControl interest rates

CAllocate credit according to plan priorities

DNationalize banks

Answer:

NCC assisted the RBI and Government in credit allocation as per plan priorities.

Related Questions:

Which function of RBI makes it the “bank of banks”?

Assertion (A): Bank can set off a trust account against trustee’s personal loan.
Reason (R): Capacity of the account holder is different.