Which one of the following committees examined and suggested financial sector reforms in India?

Options

A. Bhagawati Committee
B. Abid Hussain Committee
C. Narsimham Committee
D. Chelliah Committee

Answer

C

Explanation

Two committees on financial sector reforms were constituted under M. Narasimham in 1991 and 1998 respectively. The first committee was set up against the backdrop of the Balance of Payment Crisis, while the second committee was appointed to review the implementation of the bank- ing sector reforms.