The Economic Survey has prescribed a 4-D model for the banking sector to face competition in the changed environment. These 4-D stands for

a) Deregulation, Development, Diversification and Disinvestment
b) Deregulation, Double financial repression, Diversification and Disinvestment
c) Deregulation, Disinterring, Diversification and Disinvestment
d) Deregulation, Disinterring, Diversification and Differentiation

Ans-d

Explanation-The four Ds include:

De-regulation (addressing the statutory liquidity ratio (SLR) and priority sector lending (PSL))

Differentiation (within the public sector banks in relation to recapitalisation, shrinking balance sheets, and ownership)

Diversification (of source of funding within and outside banking)

Disinterring (by improving exit mechanisms).