Which of the following committee underlined the need of an organised money market for the first time...........

Finance (Phase -I & II) Valuation of Securities

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Which of the following committee underlined the need of an organised money market for the first time in the country?

Chakravarthy Committee

Vahul Committee

Justice B N Srikrishna Commission

Narasimhan Committee

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Explanation:

The organised form of money market in India is just about two decades old. However, its presence has been there but restricted to the use of the Government only12. It was the Chakravarthy Committee (1985) which for the first time underlined the need of an organised money market in the country13 and the Vahul Committee (1987) laid the blue print for its development.