UPSC CSE Prelims
Question 54
In India, which of the following review the independent regulators in sectors like telecommunications, insurance, electricity, etc.?
- Ad Hoc Committees set up by the Parliament
- Parliamentary Department Related Standing Committees
- Finance Commission
- Financial Sector Legislative Reforms Commission
- NITI Aayog
Select the correct answer using the code given below.
View correct answer and explanation
Correct answer: A
Correct Option: A
Explanation:
Parliamentary ad hoc committees and department-related standing committees can scrutinise sectoral regulators and examine their work. The Finance Commission, FSLRC and NITI Aayog do not perform the same standing parliamentary review function.
Statement / Pair Analysis:
1 (Correct): Ad hoc parliamentary committees may investigate or examine regulatory bodies.
2 (Correct): Department-related Standing Committees oversee ministries and related independent regulators.
3 (Incorrect): The Finance Commission recommends Centre–State fiscal transfers, not reviews telecom/insurance/electricity regulators.
4 (Incorrect): FSLRC recommended financial law reforms; it was not a routine oversight body for all independent regulators.
5 (Incorrect): NITI Aayog is a policy think tank, not a parliamentary review mechanism for these regulators.
Option-wise Analysis:
A (Correct): Includes all and only the true statements/pairs.
B (Incorrect): It includes false item 3 (The Finance Commission recommends Centre–State fiscal transfers, not reviews…); includes false item 4 (FSLRC recommended financial law reforms; it was not a routine oversight body for all independent…); omits true item 2 (Department-related Standing Committees oversee ministries and related independent regulators).
C (Incorrect): It includes false item 3 (The Finance Commission recommends Centre–State fiscal transfers, not reviews…); includes false item 4 (FSLRC recommended financial law reforms; it was not a routine oversight body for all independent…); and other false items; omits true item 1 (Ad hoc parliamentary committees may investigate or examine regulatory bodies); omits true item 2 (Department-related Standing Committees oversee ministries and related independent regulators).
D (Incorrect): It includes false item 5 (NITI Aayog is a policy think tank, not a parliamentary review mechanism for these regulators); omits true item 1 (Ad hoc parliamentary committees may investigate or examine regulatory bodies).