The Working Group under the chairmanship of __________ in the year_________ proposed a new intermediate monetary aggregate to be referred to as NM2.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Dr. YV Reddy; 1998.
The Working Group, under the chairmanship of Dr. Y.V. Reddy in the year 1998, proposed a new intermediate monetary aggregate to be referred to as NM2. This group, known as the Working Group on Money Supply: Analytics and Methodology of Compilation, recommended the adoption of a new set of four monetary aggregates (NM0, NM1, NM2, and NM3) for measuring money supply.