Multiple choice

Directions: Choose the correct option for the given question.

The committee associated with establishing new stock exchanges was

  1. M. J. Ferwani

  2. M. Narsimham

  3. S.N. Nadkarniv

  4. R. Janakiraman
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A Correct answer
Explanation

The M.J. Ferwani Committee (also known as the Committee on Financial System) was associated with recommending reforms for establishing new stock exchanges and modernizing India's financial sector. This committee provided key recommendations for liberalizing and expanding the securities market infrastructure in India.

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