MCQ
Narasimham Committee MCQ - Practice Questions with Answers
Solve 1 Narasimham Committee questions for RAS/RPSC preparation.
Practice questions
Q1Who was the Chairman of the Committee on the Financial System in India, which recommended the setting up of an Asset Reconstruction Fund?
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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