Which of the following pair (s) is/are correctly matched?Committee : Organization1. Sivaraman Committee : NABARD2. B.D. Kumar Committee : EXIM Bank3. Sukomoy Chakravarthy committee : SIDBI BankSelect the correct answer using the code given below: |ForumIAS

Q. Which of the following pair (s) is/are correctly matched?
Committee :Organization
1. Sivaraman Committee:NABARD
2. B.D. Kumar Committee:EXIM Bank
3. Sukomoy Chakravarthy committee :SIDBI Bank
Select the correct answer using the code given below:

[A] 1 only

[B] 1 and 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: B

Notes:

The B.D. Kumar Committee, which submitted its report in 1975, recommended for setting up of an export-import Bank type institution to finance and promote exports of engineering goods and turnkey projects.

The Reserve Bank of India (RBI) at the insistence of the Government of India, constituted a Committee to Review the Arrangements For Institutional Credit for Agriculture and Rural Development (CRAFICARD) to look into these very critical aspects.

The Committee was formed on 30 March 1979, under the Chairmanship of Shri B. Sivaraman, former member of Planning Commission, Government of India.
Its recommendation was formation of a unique development financial institution which would address these aspirations and formation of National Bank for Agriculture and Rural Development (NABARD) was approved by the Parliament through Act 61 of 1981.

Source: ForumIAS

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