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?
Correct answer: B
Explanation
Row 1 is wrong: the R.N. Malhotra Committee (1993) on insurance-sector reforms was set up by the Government of India, not IRDAI — IRDAI itself was created in 1999 on the committee's recommendation. Row 3 is wrong: the Urjit Patel Committee (2014) was on revising the monetary policy framework (inflation targeting), not housing-sector lending. Row 2 (L.C. Gupta, SEBI, derivatives roadmap, 1998) and Row 4 (Y.H. Malegam, RBI, microfinance reforms, 2011) are correctly matched. Hence 2 and 4.