Which committee is recommended for the establishment of the National Stock Exchange? 

The correct answer is Pherwani Committee.

Key Points

• The Pherwani Committee was instrumental in recommending the establishment of the National Stock Exchange (NSE) in India.
• It aimed to create a more efficient and transparent stock market system.
• The National Stock Exchange was established in 1992 and commenced operations in 1994.
• The committee was chaired by R.H. Pherwani, who was the former chairman of the Unit Trust of India (UTI).
• The NSE is now one of the leading stock exchanges in India, offering trading in equities, bonds, and derivatives.
• The establishment of the NSE marked a significant reform in the Indian capital markets.

 Additional Information

• ML Jhingan Committee
  • The ML Jhingan Committee primarily focused on aspects related to economic planning and policy formulation.
• Aravind Mayaram Committee
  • The Aravind Mayaram Committee was set up to review the framework for foreign direct investment (FDI) in India.
  • This committee aimed to simplify the FDI policy and promote foreign investments in the country.
• YV Reddy Committee
  • YV Reddy is a former governor of the Reserve Bank of India (RBI).
  • He has chaired several committees related to banking and financial sector reforms in India.