Q. Who among the following laid down the blue print for development of money market?

[A] Chakravarthy Committee

[B] Vahul Committee

[C] Narasimhan Committee

[D] Kelkar Committee

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: TMH Ramesh Singh