Economics • Banking & FinanceHard
Which of the following committees was constituted by the Reserve Bank of India to review and recommend measures regarding the working of the 'Asset Reconstruction Companies (ARCs)' in India?
A. Narasimham Committee
B. Sudarshan Sen Committee✓ Correct Answer
C. P. J. Nayak Committee
D. Urijit Patel Committee
💡 Solution & Explanation
The Reserve Bank of India constituted a committee under the chairmanship of Sudarshan Sen to evaluate the regulatory framework and operational efficiency of Asset Reconstruction Companies. Other committees mentioned were appointed for banking sector reforms or monetary policy frameworks at different periods. Expert committee recommendations form a crucial segment of economic preparation.
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