economics hard True/False

The Narasimham Committee (1998) is primarily associated with the comprehensive reform of the Indian banking sector, including prudential norms and asset classification.

  1. True
  2. False

Answer: True

The second Narasimham Committee laid the blueprint for strengthening the Indian banking system. It recommended tighter income recognition and provisioning norms, the reduction of the SLR and CRR, and the deregulation of interest rates to make Indian banks globally competitive.

Topic Indian Economy - Committees
Exam Relevance UPSC Prelims, Banking, SSC
More economics Questions Back to all questions