Q. Which of the following committee/s is/are related to the money market?
1.Chakravarthy Committee
2.Bibek Debroy Committee
3.Narasimhan Committee
Select the correct code from given below options:
Answer: A
Notes:
Explanation: The organized form of money market in India is just close to three decades old. However, its presence has been there but restricted to the government only.
It was the Chakravarthy Committee (1985) which, for the first time, underlined the need of an organized money market in the country and the Vahul Committee (1987) laid the blueprint for its development.
Source: Ramesh Singh
