UPSC Prelims 2001·GS1·economy·money and banking

Which of the following committees examined and suggested Financial Sector Reforms?

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Last updated 23 May 2026, 3:31 pm IST
  1. AAbid Hussain Committee
  2. BBhagwati Committee
  3. CChelliah Committee
  4. DNarasimham CommitteeCorrect

Explanation

The Narasimham Committee is the correct answer because it was specifically constituted by the Government of India to examine the financial system and suggest reforms. There were two Narasimham Committees, one in 1991 and another in 1998, which laid the blueprint for modernizing the Indian banking sector, improving capital adequacy, and introducing prudential norms. As for the other options, the Abid Hussain Committee focused on small scale industries, the Bhagwati Committee dealt with unemployment and public welfare, and the Chelliah Committee was concerned with tax reforms. Therefore, only the Narasimham Committee is associated with financial sector reforms.
economy: Which of the following committees examined and suggested Financial Sector Reforms?
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