Correct option is C
The correct answer is (c) a-iii, b-i, c-iv, d-ii
Explanation:
. a. C. Rangarajan Committee (2008) matches with iii. Financial inclusion & small savings reform. The 2008 committee focused on defining and promoting financial inclusion in India, especially for vulnerable and low-income groups. A later Rangarajan committee (2012) was for poverty estimation..
. b. N. K. Singh Committee (2017) matches with i. Review of FRBM Act. The Fiscal Responsibility and Budget Management (FRBM) Review Committee was chaired by N. K. Singh to re-examine the FRBM Act and propose a new fiscal framework.
. c. Tendulkar Committee (2009) matches with iv. Estimation of poverty lines. The committee chaired by Suresh Tendulkar was appointed by the Planning Commission to review the methodology for poverty estimation.
. d. Urjit Patel Committee (2014) matches with ii. Inflation targeting & monetary policy framework. The committee was tasked with revising and strengthening the monetary policy framework and recommended adopting inflation targeting based on the Consumer Price Index (CPI).
Information Booster:
. The N. K. Singh committee recommended a debt-to-GDP ratio target for both the central and state governments to ensure long-term fiscal discipline.
. The Tendulkar Committee shifted the basis of poverty estimation away from a purely calorie-based model to one that included expenditure on health and education.
. The Urjit Patel committee's recommendations led to the establishment of the Monetary Policy Committee (MPC) and the adoption of the flexible inflation targeting framework.
English
100 Questions
125 Marks
80 Mins
