Different Committees in India
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2026年05月24日
Answer Key: https://anantamias.com/upsc-prelims-2026-gs-paper-1-answer-key-solutions/
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 Reforming the regulatory framework governing the Microfinance Industry Reserve Bank of India
In how many of the above rows are the given details correctly matched?
Only one
Only two
Only three
All four
Answer: (b) Only two
Explanation. Only two rows are correctly matched. Row 1 is wrong: the R. N. Malhotra Committee on Insurance-sector reforms (1993) was set up by the Government of India (Ministry of Finance), not by IRDAI — IRDAI itself was created in 1999 following the committee’s recommendations, so listing IRDAI as the parent organisation is anachronistic. Row 2 is correct: the L. C. Gupta Committee (1996) was constituted by SEBI to prepare the roadmap for derivatives trading in India. Row 3 is wrong: the well-known Urjit R. Patel Committee under RBI (2014) revised the monetary-policy framework (leading to inflation targeting), not bank lending to the housing sector — no Patel-headed RBI panel on housing-lending reform is on record. Row 4 is correct: the Y. H. Malegam Committee (2011) under RBI reformed the microfinance regulatory framework after the Andhra Pradesh crisis. Hence only two rows (2 and 4) are correctly matched — option (b). Source: RBI / SEBI / Ministry of Finance committee archives.
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 Reforming the regulatory framework governing the Microfinance Industry Reserve Bank of India
In how many of the above rows are the given details correctly matched?
Only one
Only two
Only three
All four
Answer: (b) Only two
Explanation. Only two rows are correctly matched. Row 1 is wrong: the R. N. Malhotra Committee on Insurance-sector reforms (1993) was set up by the Government of India (Ministry of Finance), not by IRDAI — IRDAI itself was created in 1999 following the committee’s recommendations, so listing IRDAI as the parent organisation is anachronistic. Row 2 is correct: the L. C. Gupta Committee (1996) was constituted by SEBI to prepare the roadmap for derivatives trading in India. Row 3 is wrong: the well-known Urjit R. Patel Committee under RBI (2014) revised the monetary-policy framework (leading to inflation targeting), not bank lending to the housing sector — no Patel-headed RBI panel on housing-lending reform is on record. Row 4 is correct: the Y. H. Malegam Committee (2011) under RBI reformed the microfinance regulatory framework after the Andhra Pradesh crisis. Hence only two rows (2 and 4) are correctly matched — option (b). Source: RBI / SEBI / Ministry of Finance committee archives.
