Q. 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 which of the above rows are all the details correctly matched ?
(a) 2 only
(b) 2 and 3
(c) 1, 3 and 4
(d) 2 and 4

Answer : D

Explanation:

Row 1 is not correct: The R.N. Malhotra Committee (1993) was indeed formed for comprehensive reforms of the Insurance sector. However, it was formed under the Government of India (Ministry of Finance), not under IRDAI.
Row 2 is correct: The L.C. Gupta Committee (1996) was formed by SEBI with the objective of preparing a framework/roadmap for introduction of derivatives trading in India. All three details are correctly matched.
Row 3 is not correct: The Urjit R. Patel Committee (2013) was formed by RBI. However, its objective was revision of the monetary policy framework (inflation targeting/CPI-based framework), not reforms in bank lending to the housing sector. So the objective column is wrong.
Row 4 is correct: The Y.H. Malegam Committee (2010) was formed by RBI to study issues and concerns in the Microfinance sector in India, following the Andhra Pradesh microfinance crisis. All three details are correctly matched.

Source:

https://old.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo4&mid=2

https://www.sebi.gov.in/sebi_data/commondocs/ar97981_h.html

https://www.pib.gov.in/newsite/PrintRelease.aspx?relid=77626®=3&lang=2