Question

Y. H. Malegam Committee is an expert committee constituted by Reserve Bank Of India to look into which of the following issues?
I. Classification of bad loans
II. Effectiveness of adults
III. Rising incidents of frauds
A) Only I and I B) Only II and II C) Only I and II D) All I, II and III

Answer 1

Answer:

D) All

Explanation:

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Answer 2

Answer:

D) All I, II and III

Explanation :

The Board of Directors of the Reserve Bank of India (RBI) constituted a Sub-Committee to study the issues and concerns on the microfinance sector. This Sub- Committee of the Board was formed on October 15, 2010, under the chairmanship of Mr Y.H. Malegam. The Committee submitted its report in December 2011.