Question

Narasimham Committee Report 1991 was related to which of the following ?

• A. Agriculture Reforms
• B. Trade Reforms
• C. Tax Reforms
• D. Financial Sector reforms

Answer 1

Answer:

D. Financial Sector reforms

In 1991 The Reserve Bank of India had proposed the committee chaired by M. Narasimham, former RBI Governor to review the Financial System and aspects relating to the Structure, Organization, Procedures and Functioning of the financial system. Committee submitted two reports, in 1992 and 1998, which laid significant thrust on enhancing the efficiency and viability of the banking sector. The Narasimham Committee laid the foundation for the reformation of the Indian banking sector.