Q. Which of the following committee/s is/are related to money market in India?
1.Chakravarthy Committee
2.Vahul Committee
3.Kelkar committee
Choose the correct answer from below given codes:

[A] 1 only

[B] 1 and 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: B

Explanation: The organised form of money market in India is just close to three decades old. However, its presence has been there, but restricted to the government only.

It was the Chakravarthy Committee (1985) which, for the first time, underlined the need of an organised money market in the country and the Vahul Committee (1987) laid the blue print for its development.

Source: Ramesh Singh