UPSC Previous Year Question | Prelims GS | 2019

In India, which of the following review the independent regulators in sectors like telecommunications, insurance, electricity, etc.? 1. Ad Hoc Committees set up by the Parliament 2. Parliamentary Department Related Standing Committees 3. Finance Commission 4. Financial Sector Legislative Reforms Commission 5. NITI Aayog Select the correct answer using the code given below.

  1. 1 and 2
  2. 1, 3 and 4
  3. 3, 4 and 5
  4. 2 and 5

Answer

Correct Answer

1 and 2

Explanation

Independent regulators are reviewed by Parliament through ad hoc committees and Departmentally Related Standing Committees. The Finance Commission deals with fiscal devolution, FSLRC was a one-time law-reform body, and NITI Aayog is a policy think tank - none of them reviews regulators.

Topics: oversight of independent regulators, parliament, parliamentary committees, polity