Q. Who headed the Royal Commission on Indian currency appointed in 1913 ?
a) James Wilson
b) J. M. Keynes
c) Sir Austin Chamberlain
d) Sir W. R. Mansfield
Question from BPSC PT 70, 2024
Correct Answer: c) Sir Austin Chamberlain
Explanation:
The Royal Commission on Indian Currency and Finance, also known as the Chamberlain Commission, was appointed in 1913 to examine and make recommendations regarding the Indian currency system. It was headed by Sir Austin Chamberlain, who was a prominent British statesman and had previously served as the Secretary of State for India.
The commission’s primary focus was on the monetary system of India, particularly the functioning of the gold exchange standard that had been introduced in the late 19th century. The recommendations of this commission played a significant role in shaping India’s financial policies during British rule.
Thus, the correct answer is Sir Austin Chamberlain.