The government and the Reserve Bank of India (RBI) have been working on how to reduce cash transactions in the economy.Who is the head of this committee

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Deepak Mohanty
B	Y. Venugopal Reddy
C	Neeraj Kumar Gupta
D	None of the above

Explanation:

Detailed explanation-1: -Harihar Mishra-Chief General Manager-Reserve Bank of India (RBI) | LinkedIn.

Detailed explanation-2: -The Committee on Financial Inclusion (Chairman: Dr. C. Rangarajan, RBI, 2008) explicitly included ‘timely and adequate credit at an affordable cost’ for vulnerable groups in the definition of the financial inclusion.

Detailed explanation-3: -Regulator and supervisor of the financial system: Prescribes broad parameters of banking operations within which the country’s banking and financial system functions. Objective: maintain public confidence in the system, protect depositors’ interest and provide cost-effective banking services to the public.

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