BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
At the instance of Government of India Reserve Bank of India (RBI) was constituted a committee to review the arrangements for institutional credit for agriculture and rural development (CRAFICARD) on 30 March 1979, under the Chairmanship of
A
V K Malhotra
B
C Rangarajan
C
B Sivaraman
D
Hilton Young
Explanation: 

Detailed explanation-1: -The Committee was formed on 30 March 1979, under the Chairmanship of Shri B. Sivaraman, a former member of the Planning Commission, Government of India. Reserve Bank of India (RBI) constituted a Committee to Review the Arrangements For Institutional Credit for Agriculture and Rural Development (CRAFICARD).

Detailed explanation-2: -Sivaraman Committee: At the insistence of the Indian government, the Reserve Bank of India (RBI) established a committee to review the Institutional Credit Arrangement for Agriculture and Rural Development (CRAFICARD).

Detailed explanation-3: -The P J Nayak Committee or officially the Committee to Review Governance of Boards of Banks in India was set up by the Reserve Bank of India (RBI) to review the governance of the board of banks in India. The Committee was set up in January 2014.

Detailed explanation-4: -Notes: The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by the Reserve Bank of India (RBI) under the Chairmanship of Shri B. Sivaraman, conceived and recommended the establishment of the National Bank for Agriculture and Rural Development (NABARD).

There is 1 question to complete.