Which one of the following committees is NOT associated with financial sector reforms in India?
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1 mark, −0.333Indian EconomyMoney, banking and financial markets in IndiaCommercial banking, reforms and non-performing assetsModerateabout 1 min
IIT JAM 2021 Question 7: Money, banking and financial markets in India
Answer and worked solution
Answer: (A)
The Narasimham Committee (banking sector reforms), Tarapore Committee (capital account convertibility) and Urjit Patel Committee (monetary policy framework) all relate to the financial sector.
The 2013 Raghuram Rajan Committee produced a composite index of state backwardness, not a financial-sector reform, so it is the odd one out. The answer is (A).
The trap: (B) Narasimham Committee (1991)
Raghuram Rajan did chair a financial-sector committee in 2008; the 2013 committee named here is the state-development-index one, which is not a financial-sector reform.
Money, banking and financial markets in India has come up 106 times in 6 exams since 2010.
What this question tests
This question is on Commercial banking, reforms and non-performing assets, part of Money, banking and financial markets in India in Indian Economy.
The structure of Indian banking and the reforms that reshaped it.
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Question from the IIT JAM 2021 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.