Question

In 1991, ............. Committee was set up by the Government of India to examine the structure, organisation, and functions of the Indian financial system.

• A. Rangarajan
• B. Reddy
• C. Narasimham
• D. Chakravarty

Hint:

The Narasimham Committee's recommendations laid the foundation for the liberalization of India's banking and financial systems in the 1990s.

Answer 1

The Correct Option is C

The Narasimham Committee, set up in 1991, was tasked with examining the structure, organization, and functions of the Indian financial system. This committee played a pivotal role in recommending financial sector reforms, particularly in the banking sector, and is one of the most important committees in the history of India's financial reforms.
The committee's recommendations contributed significantly to shaping the financial liberalization policies in India, and its impact is still seen in the current financial structure. Final Answer: \[ \boxed{\text{Narasimham}} \]