Narasimham Committee MCQ — 1 Practice Questions with Answers

Narasimham Committee is a Indian Economy topic in the RAS/RPSC syllabus. This page gathers exam-style Narasimham Committee multiple-choice questions with correct answers and explanations, so aspirants can test recall and revise frequently examined concepts.

Practice 1 Narasimham Committee multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

1 Questions Indian Economy

Reviewed by: Aspirant Academy Editorial Team

Q1. Who was the Chairman of the Committee on the Financial System in India, which recommended the setting up of an Asset Reconstruction Fund?

A Shri M. Narasimham Correct

B Dr Manmohan Singh

C Shri P. Chidambaram

D Shri Pranab Mukherjee

Explanation

The Committee on the Financial System was chaired by M. Narasimham, and its recommendations shaped banking-sector reform, including the idea of an Asset Reconstruction Fund to address problem assets. Manmohan Singh was associated with the 1991 economic reforms and served as Finance Minister, but he was not the chairman of this committee. P. Chidambaram and Pranab Mukherjee were also Finance Ministers at different times, yet neither headed the Narasimham Committee on the financial system.

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