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Economy2026
With reference to different Committees in India, consider the following details: Sl. No. 1 - Committee: R.N. Malhotra Committee; Objective: Comprehensive reforms of Insurance sector in India; Organization under which it was formed: Insurance Regulatory and Development Authority of India Sl. No. 2 - Committee: L.C. Gupta Committee; Objective: Preparing a roadmap for the introduction of derivatives trading in India; Organization under which it was formed: Securities and Exchange Board of India Sl. No. 3 - Committee: Urjit R. Patel Committee; Objective: Preparing a roadmap for reforming bank lending to the Housing sector; Organization under which it was formed: Reserve Bank of India Sl. No. 4 - Committee: Y.H. Malegam Committee; Objective: Preparing a roadmap for reforms in Microfinance sector in India; Organization under which it was formed: Reserve Bank of India In which of the above rows are all the details correctly matched?

Explanation

The option "2 and 4" is correct because both the L.C. Gupta Committee and the Y.H. Malegam Committee accurately align with their respective objectives and the organizations under which they were formed. The L.C. Gupta Committee, established by the Securities and Exchange Board of India, focused on developing a framework for derivatives trading to enhance market stability and efficiency. Similarly, the Y.H. Malegam Committee's report on microfinance, initiated by the Reserve Bank of India, proposed reforms that aimed to improve the regulatory environment and ensure the sector’s sustainability. These details reflect how focused committees can significantly shape regulatory frameworks in finance, a topic that is essential for understanding India's economic landscape, as highlighted in UPSC curriculum materials.

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