Question
Consider these committee-objective-organisation combinations:
1. R.N. Malhotra Committee — Insurance sector reforms — IRDAI
2. L.C. Gupta Committee — Roadmap for derivatives trading — SEBI
3. Urjit R. Patel Committee — Reforming bank lending to housing — RBI
4. Y.H. Malegam Committee — Microfinance sector reforms — RBI
In which rows are the details correctly matched?
Explanation
Row 1 — Incorrect: The R.N. Malhotra Committee was formed by the Government of India in 1993 to examine reforms in the insurance sector. Its recommendations eventually led to the creation of IRDAI in 1999.
Row 2 — Correct: The L.C. Gupta Committee was constituted by SEBI in 1996 to frame a regulatory framework and roadmap for derivatives trading in India.
Row 3 — Incorrect: The Urjit R. Patel Committee was set up by the RBI in 2013 to review the Monetary Policy Framework. It recommended flexible inflation targeting and the Monetary Policy Committee (MPC).
Row 4 — Correct: The Y.H. Malegam Committee was constituted by the RBI in 2010 to examine issues related to the microfinance sector and suggest an appropriate regulatory framework.
Hence, Rows 2 and 4 are correctly matched.