{"id":21573,"date":"2024-04-15T06:07:58","date_gmt":"2024-04-15T06:07:58","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=21573"},"modified":"2024-04-15T06:07:58","modified_gmt":"2024-04-15T06:07:58","slug":"shri-narsimhan-committee-constituted-in-december-1995-was-associated-with-a-implementation-of-constitutional-reforms-b-implementation-of-financial-system-reforms-c-implementation-of-castism-refor","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/shri-narsimhan-committee-constituted-in-december-1995-was-associated-with-a-implementation-of-constitutional-reforms-b-implementation-of-financial-system-reforms-c-implementation-of-castism-refor\/","title":{"rendered":"Shri Narsimhan committee constituted in December 1995 was associated with: A. Implementation of Constitutional reforms B. Implementation of financial system reforms. C. Implementation of Castism reforms D. None of these"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a997dfbeb0ea\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Implementation of Constitutional reforms                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"true\">\r\n                    Implementation of financial system reforms.                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Implementation of Castism reforms                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    None of these                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: B. Implementation of financial system reforms.<\/p>\n<p>The Narsimhan Committee was constituted in December 1995 to review the working of the financial system in India and to suggest measures for its further development. The Committee submitted its report in May 1998. The report made a number of recommendations for reforms in the financial sector, including:<\/p>\n<ul>\n<li>Deregulation of interest rates<\/li>\n<li>Liberalization of the capital account<\/li>\n<li>Strengthening of the regulatory framework<\/li>\n<li>Introduction of new financial products and services<\/li>\n<\/ul>\n<p>The Government of India accepted most of the recommendations of the Narsimhan Committee and implemented them over the next few years. The reforms led to a significant improvement in the efficiency and stability of the Indian financial system.<\/p>\n<p>Option A is incorrect because the Narsimhan Committee was not associated with the implementation of Constitutional <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> reforms. The Constitution of India is the supreme law of the country and it cannot be amended without the approval of a majority of the members of both Houses of Parliament. The Narsimhan Committee was not a constitutional body and it did not have the authority to recommend changes to the Constitution.<\/p>\n<p>Option C is incorrect because the Narsimhan Committee was not associated with the implementation of Castism reforms. Caste is a social system that is based on birth and it is a major source of inequality in India. The Narsimhan Committee did not make any recommendations for reforms to the caste system.<\/p>\n<p>Option D is incorrect because the Narsimhan Committee was associated with the implementation of financial system reforms. The Committee made a number of recommendations for reforms in the financial sector, which were implemented by the Government of India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[496],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shri Narsimhan committee constituted in December 1995 was associated with: A. Implementation of Constitutional reforms B. Implementation of financial system reforms. C. Implementation of Castism reforms D. 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