Name the initiative launched by the Finance Minister Arun Jaitely to revamp functioning of public sector banks, PSBs on 14th Aug’15?

a. Seven Plan

b. Maulik Niti

c. BankNiti

d. Indradhanush

ANSWER: Indradhanush

Explanation:

Indradhanush is a seven pronged plan that includes appointments, capitalisation, de-stressing PSBs, empowerment, framework of accountability and governance reforms.