[amp_mcq option1=”Narasimhan” option2=”Chore” option3=”Rangarajan” option4=”Tandon” correct=”option4″]
The correct answer is: D. Tandon
The Tandon Committee was set up in 1977 to study the feasibility of computerisation in banks. The committee recommended that computerisation should be introduced in banks in a phased manner. The first phase of computerisation was completed in 1980, and the second phase was completed in 1985. The Tandon Committee also recommended that a National Centre for Software Development in Banking (NCSDB) should be set up to develop software for banks. The NCSDB was set up in 1981, and it has played a major role in the computerisation of banks in India.
The other options are incorrect because:
- A. Narasimhan Committee was set up in 1985 to study the financial sector reforms in India.
- B. Chore Committee was set up in 1991 to study the implementation of the recommendations of the Narasimhan Committee.
- C. Rangarajan Committee was set up in 2008 to study the global financial crisis and its impact on India.