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      Question

      Which committee's recommendations form the basis of the

      modern Working Capital Assessment under the turnover method in India?
      A Malegam Committee Correct Answer Incorrect Answer
      B Tandon Committee Correct Answer Incorrect Answer
      C Narsimham Committee Correct Answer Incorrect Answer
      D Usha Thorat Committee Correct Answer Incorrect Answer
      E Nayak Committee Correct Answer Incorrect Answer

      Solution

      The Nayak Committee recommended simplified working capital assessment for small borrowers based on projected turnover.

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