Question : Which committee recommended the establishment of the National Bank for Agriculture and Rural Development (NABARD)?
Option 1: Narasimham Committee
Option 2: Rangarajan Committee
Option 3: Shivaraman Committee
Option 4: Malhotra Committee
Correct Answer: Shivaraman Committee
Solution : The correct answer is (c).
The Narasimham Committee was a committee of experts that was set up by the Government of India in 1991 to review the functioning of the Indian financial system. The Rangarajan Committee was a committee of experts that was set up by the Government of India in 2008 to review the monetary policy framework in India. The Malhotra Committee was a committee of experts that was set up by the Government of India in 2015 to review the financial inclusion framework in India.
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