Prelims 2026 · Economy · 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 ?
Answer
2 and 4
Row 1 is wrong: the R.N. Malhotra Committee was set up by the Government in 1993, not by IRDAI. Row 2 is correct: the L.C. Gupta Committee was appointed by SEBI for derivatives trading. Row 3 is wrong: the Urjit Patel Committee dealt with revising and strengthening the monetary policy framework, not bank lending to housing. Row 4 is correct: the Y.H. Malegam sub-committee under RBI studied issues in the microfinance/MFI sector. So the correct rows are 2 and 4 only.