Which committee is recommended for the establishment of the National Stock Exchange?

Question

Question

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UP Police SI (दरोगा) Official PYP (Held On: 12 Nov 2021 Shift 2)

Answer 1

The correct answer is Pherwani Committee.

Key Points

The Pherwani Committee was instrumental in recommending the establishment of the National Stock Exchange (NSE) in India.
It aimed to create a more efficient and transparent stock market system.
The National Stock Exchange was established in 1992 and commenced operations in 1994.
The committee was chaired by R.H. Pherwani, who was the former chairman of the Unit Trust of India (UTI).
The NSE is now one of the leading stock exchanges in India, offering trading in equities, bonds, and derivatives.
The establishment of the NSE marked a significant reform in the Indian capital markets.

Additional Information

ML Jhingan Committee
- The ML Jhingan Committee primarily focused on aspects related to economic planning and policy formulation.
Aravind Mayaram Committee
- The Aravind Mayaram Committee was set up to review the framework for foreign direct investment (FDI) in India.
- This committee aimed to simplify the FDI policy and promote foreign investments in the country.
YV Reddy Committee
- YV Reddy is a former governor of the Reserve Bank of India (RBI).
- He has chaired several committees related to banking and financial sector reforms in India.