Consider the following statements related to various committees formed by government or RBI and choose the incorrect statements-1- P-J Nayak committee on strengthening monetary policy framework recommended shift to CPI as the nominal anchor for Inflation-2- Nachiket Mor committee on Bank governance recommended scrapping of Bank Nationalization Acts-3- Urjit Patel Committee on financial inclusion recommended to provide every customer the legally protected right to be offered suitable financialservices-Codes-

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Ratios and OMO

Consider the ...

Question

Consider the following statements related to various committees formed by government or RBI and choose the incorrect statement(s):-

Codes :

1 only

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1 and 3 only

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None of these

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All of these

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Consider the following recommendations:

1.RBI should target only on reducing inflation and use only a single instrument to keep inflation under control;

2.Foreign investors should be allowed to invest in government bond market;

3.Government should sell small under-performing public sector banks;

4.Banks should be allowed to open branches and ATMs everywhere without restrictions.

Which of the above are among the draft recommendations of the RaghuramRajan Committee on Financial Sector Reforms?

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