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In the wake of the Andhra Pradesh microfinance crisis in 2010, the Reserve Bank of India constituted a committee to study issues and concerns in the MFI sector. The name of the committee was

1. Malegam Committee
2. Abhijit Sen Committee
3. Bimal Jalan Committee
4. Narasimhan Committee

Correct answer: Malegam Committee

Solution

The committee formed by the RBI to examine issues in the microfinance sector after the Andhra Pradesh crisis was the Malegam Committee. It made important recommendations on loan size, interest rates, and borrower protection.

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