Question

To curb black money in the economy, which of the following committees has been formed in 2016?

• A. Deepak Mohanty Committee
• B. Suresh Prabhu Committee
• C. Justice MB Shah Committee
• D. Nachiket Mor Committee
• E. Justice CS Dharmadhikari Committee

Answer 1

The correct option is C Justice MB Shah Committee

To curb black money in the economy, MB Shah Committee has been formed by the Prime Minister. As per an estimate by the US-based think tank Global Financial Integrity, the illegal money outflow from India is around $\$462billion$.