Question

List - I	List - II
A. Chakravarty Committee	1. Tax Reforms
B. Narasimham Committee	2. Poverty Estimation
C. Tendulkar Committee	3. Banking Sector Reforms
D. Chelliah Committee	4. Financial Sector Reforms

1. A - 3, B - 2, C - 1, D - 4
2. A - 4, B - 1, C - 3, D - 2
3. A - 2, B - 3, C - 4, D - 1
4. A - 4, B - 3, C - 2, D - 1

Answer 1

Correct Answer - Option 4 : A - 4, B - 3, C - 2, D - 1

The correct answer is A - 4, B - 3, C - 2, D - 1.

• Chakravarty Committee
  • It was formed in December 1982 under the chairmanship of Prof. Sukhamoy Chakroborty to assess the functioning of the Indian Monetary system.
  • Its goal was to improve monetary regulation, a feat that was hoped would enable price stability.
• Narasimham Committee
  • It was established under former RBI Governor M. Narasimham in August 1991 to look into all aspects of the financial Banking system in India.
• Tendulkar Committee
  • An export Group headed by Prof. Suresh D. Tendulkar was constituted in 2005 to review the methodology for the official estimation of poverty and recommend changes in the existing procedures.
  • The Tendulkar Committee submitted its report in 2009.
• Chelliah Committee
  • The Government appointed a Tax Reforms Committee under Prof Raja Chelliah to lay out the agenda for reforming India's tax system.
  • This TRC came up with three reports in 1991, 1992, and 1993.