Indian Economy

Q: Which prominent committee was constituted to recommend comprehensive Banking Sector Reforms in India?

Correct Answer: Option C (Narasimham Committee). The Narasimham Committee (1991 and 1998) introduced foundational reforms to the Indian banking sector.

Q: Which committee is historically associated with recommendations on sweeping Tax Reforms in India?

Correct Answer: Option B (Chelliah Committee). The Raja Chelliah Committee was appointed by the government in 1991 to lay out the agenda for tax reforms in India.

Q: Which committee was established to review the methodology for Poverty Line estimation in India?

Correct Answer: Option B (Tendulkar Committee). The Suresh Tendulkar Committee (2009) reviewed the methodology for estimating poverty in India.

Q: Which committee submitted a comprehensive report on Financial Inclusion in India?

Correct Answer: Option A (Nachiket Mor Committee). The Committee on Comprehensive Financial Services for Small Businesses and Low Income Households was headed by Nachiket Mor (2013).

Q: Which committee recommended the revision of the Monetary Policy Framework and the adoption of inflation targeting?

Correct Answer: Option B (Urjit Patel Committee). The Urjit Patel Committee recommended that the RBI should adopt the new Consumer Price Index (CPI) as the measure of inflation.

30 Questions

Practice Indian Economy questions with answers and step-by-step solutions. These problems are curated from recent campus placement test papers (TCS, Infosys, Wipro, Cognizant, Accenture) and competitive government exams (SSC CGL, Bank PO, RRB NTPC, UPSC).

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Indian Economy: Reference Context & Data Shared for questions below

Directions & CaseletDirections: Read each question carefully and select the most appropriate option. These questions follow the direct, fact-intensive pattern of Banking (IBPS, SBI, RBI) and regulatory examinations.

Banking Exam General Awareness: Indian Economy (30 Questions)

Q21

Which prominent committee was constituted to recommend comprehensive Banking Sector Reforms in India?

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Q22

Which committee is historically associated with recommendations on sweeping Tax Reforms in India?

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Q23

Which committee was established to review the methodology for Poverty Line estimation in India?

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Q24

Which committee submitted a comprehensive report on Financial Inclusion in India?

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Q25

Which committee recommended the revision of the Monetary Policy Framework and the adoption of inflation targeting?

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Indian Economy

Which prominent committee was constituted to recommend comprehensive Banking Sector Reforms in India?

Community Discussion & Shortcut Formulas

Which committee is historically associated with recommendations on sweeping Tax Reforms in India?

Community Discussion & Shortcut Formulas

Which committee was established to review the methodology for Poverty Line estimation in India?

Community Discussion & Shortcut Formulas

Which committee submitted a comprehensive report on Financial Inclusion in India?

Community Discussion & Shortcut Formulas

Which committee recommended the revision of the Monetary Policy Framework and the adoption of inflation targeting?

Community Discussion & Shortcut Formulas