Consider the following statement 1 Urjit patel committee was set up for Financial Inclusion 2 Nachik...........

Indian Economic System Financial System

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Consider the following statement

1. Urjit patel committee was set up for Financial Inclusion

2. Nachiket Mor committee was set up for Monetary policy reform

Which of the following statement is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Nachiket Mor Committee was set up on Financial Inclusion (The “Committee on Comprehensive Financial Services for Small Businesses and Low Income Households”). It proposed universal electronic bank accounts to all Indian citizens above the age of 18 by Jan 2016.
Urjit Patel Committee was one of the committees formed by RBI to revise and strengthen monetary policy frame work in India.