Question: Recently the Reserve Bank of India (RBI) has set up a committee to look at the various facets of household finance in India and to benchmark India’s position vis-à-vis both the peer countries and advanced countries. The committee will be chaired by-
(a) Dr. Arvind Kumar
(b) Arundhati Bhattacharya
(c) Dr. Tarun Ramadorai
(d) Shikha Sharma
Ans: (c)
Related facts:
- On 4 August 2016 the Reserve Bank of India (RBI) has set up a committee to look at the various facets of household finance in India and to benchmark India’s position vis-à-vis both the peer countries and advanced countries.
- The Committee will be chaired by Dr. Tarun Ramadorai, Professor of Financial Economics in the University of Oxford.
- It will also have representation from the financial sector regulators, namely, Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), Pension Fund Regulatory and Development Authority (PFRDA) apart from Reserve Bank of India (RBI).
- The Committee is expected to submit its report by end July 2017.
Reference:
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=37694
http://www.deccanherald.com/content/562275/rbi-constitutes-committee-household-finance.html