Question

Narasimham Committee Report is related to reform of which of the following?

• A. Taxation reform
• B. Administrative reform
• C. Banking reform
• D. Trade reform

Hint:

When you hear "Narasimham Committee," think "Banking Reform."

Answer 1

The Correct Option is C

The Narasimham Committee, headed by Maidavolu Narasimham, was set up in 1991 to suggest reforms for India's financial system. Its recommendations covered all aspects of the banking sector, including structure, organization, functions, and procedures. This committee's reports (there was a second one in 1998) were instrumental in shaping the modern banking landscape in India.