1. Economic concept and definition: Under John Maynard Keynes's Liquidity Preference Theory, people demand money for transaction, precautionary, and speculative motives. The inverse relationship between the interest rate and money demand is most clearly applicable to speculative money demand. When interest rates rise, the opportunity cost of holding cash increases because interest-bearing assets offer potentially higher returns. This generally reduces the demand for money for speculative purposes. When interest rates fall, the opportunity cost of holding cash declines, potentially increasing speculative money demand. 2. Committees and recommendations: This question tests Keynesian monetary theory, not a recommendation of any specific Indian committee. 3. RBI, policy, and statistics: The RBI influences monetary and financial conditions through policy instruments such as the repo rate. However, the relationship between policy-rate changes and aggregate money demand also depends on income, expectations, inflation, and other economic conditions. No specific budget allocation or statistical figure is needed to establish this conceptual answer.