Q. Which of the following had appointed the Raghuram Rajan Committee to recommend steps to modernize the financial sector?
Answer: Planning Commission
Notes: The Raghuram Rajan Committee was appointed by the Planning Commission of India in 2008. Its purpose was to recommend measures to modernize the financial sector, focusing on enhancing financial inclusion and improving the regulatory framework. Raghuram Rajan, who later became the Governor of the Reserve Bank of India, emphasized the need for a robust financial system to support economic growth. The committee's recommendations influenced subsequent financial reforms in India.