Question

NABARD was established on the recommendations of the-
1. Narasimham Committee
2. Shivaraman Committee
3. Malhotra Committee
4. Tarapore Committee

Answer 1

Correct Answer - Option 2 : Shivaraman Committee

National Bank for Agriculture & Rural Development (NABARD) was established on the recommendations of the "Shivaraman Committee".

• The official name which was assigned to the Shivraman Committee was "Committee to Review the Arrangements For Institutional Credit for Agriculture and Rural Development" (CRAFICARD)which was formed on 30 March 1979.
• The purpose of the constitution of the Narasimham Committee was to study the aspects relating to the structure, organisation, functions and procedures of the financial systems and to review the implementation of the banking reforms.
• The Malhotra committee was formed under the chairmanship of Mr R N Malhotra in the year 1993 to evolute the Indian Insurance Industry.
• The Tarapore Committee was constituted by the Reserve Bank of India under the guidance of former deputy governor Mr S S Tarapore to lay the road map to capital account convertibility.