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Q63 (IAS/2026) Economy › Money, Banking & Inflation Official Key

With reference to different Committees in India, consider the following details :
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 ?

Result
Your answer: —  ·  Correct: D

Explanation

Row 1 is incorrectly matched: The R.N. Malhotra Committee on Insurance Sector Reforms was constituted by the Government of India in 1993, not by the Insurance Regulatory and Development Authority of India (IRDAI). IRDAI was established later in 1999 as a result of this committee's recommendations.

Row 2 is correctly matched: The L.C. Gupta Committee was set up by the Securities and Exchange Board of India (SEBI) in 1996 to develop a regulatory framework for the introduction of derivatives trading in India.

Row 3 is incorrectly matched: The Urjit R. Patel Committee was appointed by the Reserve Bank of India (RBI) in 2013 to examine and revise the Monetary Policy Framework, not for reforming bank lending to the housing sector.

Row 4 is correctly matched: The Y.H. Malegam Committee was constituted by the RBI in 2010 to study issues and concerns in the Microfinance sector in India.

Therefore, only rows 2 and 4 are correctly matched.

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