Indian Economy: Pairs/Matching (Traditional Style) PYQ.
UPSC Prelims Indian Economy previous year questions in the "Pairs/Matching (Traditional Style)" question pattern — real questions with answers and explanations.
With reference to different Committees in India, consider the following details:
1. R.N. Malhotra Committee | Comprehensive reforms of Insurance sector in India | IRDAI
2. L.C. Gupta Committee | Roadmap for derivatives trading | SEBI
3. Urjit R. Patel Committee | Bank lending to the Housing sector | RBI
4. Y.H. Malegam Committee | Reforms in Microfinance sector | RBI
In which of the rows are all details correctly matched?
A.2 only
B.2 and 3
C.1, 3 and 4
D.2 and 4
Explanation: * Row 1 is incorrectly matched: The R.N. Malhotra Committee was set up by the Government of India in 1993, not by IRDAI (which was later created in 1999 based on this committee's recommendations). * Row 2 is correctly matched: SEBI set up the L.C. Gupta Committee in 1996 to establish a regulatory blueprint for derivatives trading in India. * Row 3 is incorrectly matched: The Urjit R. Patel Committee (2013) was formed by the RBI to evaluate and strengthen the monetary policy framework (introducing inflation targeting), not housing sector loans. * Row 4 is correctly matched: The RBI formed the Y.H. Malegam Committee in 2010 to propose regulatory guidelines for the microfinance sector following the Andhra Pradesh microfinance crisis. * Since only rows 2 and 4 are correct, the answer is (d).