Which of the following committees presented suggestions for reforms in the financial sector of India

The correct answer is: D. Narasimhan committee

The Narasimhan committee was set up in 1991 by the Government of India to suggest reforms in the financial sector of India. The committee submitted its report in 1991, which was accepted by the government and implemented. The committee’s recommendations led to a number of reforms in the financial sector, including the deregulation of interest rates, the opening up of the financial sector to foreign investment, and the establishment of a new regulatory framework for the financial sector.

The other options are incorrect because:

• The Abid Hussain committee was set up in 1985 to suggest reforms in the external sector of India.
• The Bhagwat committee was set up in 1998 to suggest reforms in the insurance sector of India.
• The Chailaiya committee was set up in 2001 to suggest reforms in the pension sector of India.