UPSC Prelims 2026 · Question 63 of 96
UPSC Prelims 2026 question on Malhotra Gupta Committee Objectives
- ExamUPSC CSE
- Year2026
- PaperGeneral Studies Paper I
- SubjectIndian Economy
- TopicPlanning and Economic Reforms
- DifficultyHard
- TypeMatch
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 | Preparing a roadmap for reforms in Microfinance sector in India | Reserve Bank of India
In how many of the above rows are all the details correctly matched?
Show answer
Answer: D. 2 and 4
Analysis
Hence only Rows 2 and 4 are correctly matched, so the answer is Option (d).
Statement by statement
Row 1 is incorrect: The R.N. Malhotra Committee was established by the Government of India in 1993, rather than by the Insurance Regulatory and Development Authority of India (IRDAI). Notably, IRDAI itself was created in 1999 based on the committee's recommendations for insurance sector reforms.
Row 2 is correct: The L.C. Gupta Committee was set up by the Securities and Exchange Board of India (SEBI) in 1996 to formulate a regulatory framework and provide a roadmap for introducing derivatives trading in India.
Row 3 is incorrect: The Urjit R. Patel Committee was constituted by the Reserve Bank of India (RBI) in 2013 to review and strengthen the monetary policy framework, rather than to address housing sector lending reforms. The committee is best known for recommending flexible inflation targeting and the establishment of the Monetary Policy Committee (MPC).
Row 4 is correct: The Y.H. Malegam Committee was formed by the Reserve Bank of India (RBI) in 2010 to examine issues in the microfinance sector and suggest regulatory measures for NBFC-MFIs, particularly after the Andhra Pradesh microfinance crisis.