UPSC CSE Prelims
Question 98
With reference to different Committees in India, consider the following details:
| Sl. No. | Committee | Objective | Organization under which it was formed |
|---|---|---|---|
| 1. | R.N. Malhotra Committee | Comprehensive reforms of Insurance sector in India | Insurance Regulatory and Development Authority of India |
| 2. | L.C. Gupta Committee | Preparing a roadmap for the introduction of derivatives trading in India | Securities and Exchange Board of India |
| 3. | Urjit R. Patel Committee | Preparing a roadmap for reforming bank lending to the Housing sector | Reserve Bank of India |
| 4. | Y.H. Malegam Committee | Preparing a roadmap for reforms in Microfinance sector in India | Reserve Bank of India |
In which of the above rows are all the details correctly matched?
View correct answer and explanation
Correct answer: D
Correct Option: D
Explanation: The L.C. Gupta Committee concerned derivatives under SEBI, while Y.H. Malegam examined microfinance under RBI; the other stated committee/organisation-purpose combinations are wrong.
Option-wise Analysis:
A: Incorrect - -Malhotra Committee studied insurance reform, but it predated IRDAI and was not constituted by IRDAI.
B: Incorrect - +L.C. Gupta Committee was appointed under SEBI to recommend the introduction of derivatives markets.
C: Incorrect - -Urjit Patel Committee was about the monetary policy framework/inflation, not bank lending for housing.
D: Correct - +Y.H. Malegam Committee was constituted by RBI to study/regulate the microfinance sector.