Multiple choice

Janakiraman Committee was constituted with the aim

  1. to suggest measures to raise Post Office deposits

  2. to suggest reforms in banking structure

  3. to investigate the malpractices of industrial finance

  4. to investigate the security transactions of the bank
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Janakiraman Committee (1992) was constituted to investigate the securities transactions of banks following the 1992 securities scam. It examined how banks had illegally diverted funds into the stock market, leading to major financial reforms.

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