APPSC Group 1 Prelims 2023 Paper 1 · Question 76

Question 76 of the APPSC Group-I Prelims 2023 Paper I (8 January 2023). Try it first, then open the answer and explanation.

1. Prelims 2023 · P-I · Q76 · Indian & AP Economy · Money, Banking & Inflation

   Name of the committee on Indian banking and financial sector reforms constituted by the Government of India in 1991 is

   1991లో భారత ప్రభుత్వం ఏర్పాటు చేసిన భారతీయ బ్యాంకింగ్, ఆర్థిక రంగ సంస్కరణల కమిటీ పేరు

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   Answer: Committee on Financial System

   సమాధానం: ఫైనాన్షియల్ సిస్టం కమిటీ

   The 1991 committee headed by M. Narasimham was officially called the Committee on the Financial System. It recommended lower SLR and CRR, prudential norms and greater autonomy for banks.

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