Introduction / Context:
After large policy moves aimed at reducing cash usage, the Government of India focused on building a cashless and digital economy. To support this objective, it constituted a high level committee to suggest ways of improving digital payments. Questions like this test awareness of key committees and personalities who shape policy in the area of financial inclusion and digital transactions.
Given Data / Assumptions:
- The committee in question was created specifically to push cashless transactions in India.
- The focus is on digital payments and a cashless economy.
- The options list several committees named after different prominent individuals.
- We assume a context of recent economic reforms and digital payment initiatives.
Concept / Approach:
The approach is to remember which committee was directly associated with digital payments and cashless economy reforms. The NITI Aayog and senior officials like Amitabh Kant were closely connected with Digital India and similar programmes, so identifying that link is important. Eliminating committees known for other subjects, such as trade or earlier banking reforms, also helps reach the right answer.
Step-by-Step Solution:
Step 1: Recall that a committee on digital payments was set up under the chairmanship of Amitabh Kant, who has been a senior figure in NITI Aayog.
Step 2: Option b directly names the Amitabh Kant Committee, which matches this known fact.
Step 3: The Adhyarjuna Committee in option a is not associated with cashless payments and seems like a distractor.
Step 4: The A Ghosh Committee in option c is known in banking history for other aspects and not for modern digital payment reforms.
Step 5: The Abid Hussain Committee in option d dealt with trade related recommendations, not cashless transactions.
Step 6: Option e, Digital Payments Review Committee, sounds generic and is not the officially known name of the committee constituted by the government in this context.
Step 7: Hence the correct answer is the Amitabh Kant Committee.
Verification / Alternative check:
An alternative way to check is to associate names with flagship programmes. Amitabh Kant is widely associated with initiatives such as Make in India and Digital India and frequently appears in discussions about digital transformation. None of the other names in the options are strongly linked with digital payment reforms in the same way, which strengthens the conclusion that option b is correct.
Why Other Options Are Wrong:
Option a is incorrect because there is no major government committee on cashless transactions commonly known by that name. Option c is wrong since the A Ghosh Committee belongs to a different policy context and era. Option d is wrong because the Abid Hussain Committee focused largely on trade policy and economic reforms unrelated to digital payments. Option e is a descriptive phrase rather than the proper title of the committee that advised on cashless transactions.
Common Pitfalls:
A common pitfall is to be attracted to a generic sounding name like Digital Payments Review Committee simply because it matches the topic. Students may forget that exam questions often test knowledge of exact official committee names and their chairpersons. Another mistake is to mix up older committees on banking reforms with newer committees on digital payments. To avoid such errors, learners should build simple association maps linking important reforms with the key names behind them, such as linking digital payment reforms with Amitabh Kant.
Final Answer:
The committee formed to promote a cashless digital economy was the Amitabh Kant Committee.
Discussion & Comments