UPSC 2001 › Indian Economy › Banking & Financial Sector

2 questions · 2001 · answers as per the UPSC key

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UPSC 2001 · Q4 · Indian Economy › Banking & Financial Sector · Save

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

(a) Abid Hussain Committee
(b) Bhagwati Committee
(c) Chelliah Committee
(d) Narasimham Committee
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Answer: (d) Narasimham Committee
UPSC 2001 · Q54 · Indian Economy › Banking & Financial Sector · Save

Consider the following statements regarding Reserve Bank of India: I. It is a banker to the Central Government. II. It formulates and administers monetary policy. III. It acts as an agent of the Government in respect of India’s membership of IMF. IV. It handles the borrowing programme of Government of India.

Which of these statements are correct?

(a) I and II
(b) II, III and IV
(c) I, II, III and IV
(d) III and IV
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Answer: (c) I, II, III and IV