Financial Awareness - Risk, Stability & Emerging Finance
Which committee recommended the consolidation of banks and strengthening of prudential norms in India?
Which committee recommended the consolidation of banks and strengthening of prudential norms in India?
easy Q12 of 15
Step-by-Step Solution
Step 1: Understand the committee roles
Narasimham Committee II focused on bank consolidation and prudential norms strengthening.Step 2: Eliminate other options
Rangarajan Committee dealt with monetary policy; Narasimham I focused on NPAs; Verma Committee relates to banking fraud.Final Answer:
Narasimham Committee II → Option DQuick Check:
Bank consolidation and prudential norms = Narasimham Committee II ✅
Quick Trick: Narasimham II = bank consolidation & prudential norms.
Common Mistakes:
- Mixing Narasimham I and II recommendations.
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