UPSC Previous Year Question | Prelims GS | 2026

With reference to different Committees in India, consider the following details: 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?

  1. 2 only
  2. 2 and 3
  3. 1, 3 and 4
  4. 2 and 4

Answer

Correct Answer

2 and 4

Explanation

The L.C. Gupta Committee was associated with preparing the roadmap for introduction of derivatives trading in India and was constituted by SEBI. The Y.H. Malegam Committee examined issues and reforms relating to the microfinance sector under the RBI. The R.N. Malhotra Committee recommended reforms in the insurance sector, but the organization formed as a result was not the organization 'under which' the committee itself was formed. The Urjit R. Patel Committee was associated primarily with monetary policy reforms and inflation targeting, not a roadmap for reforming bank lending to the housing sector. Therefore, rows 2 and 4 are correctly matched.

Topics: banking and finance, economy, financial committees, financial regulation