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With reference to different Committees in India, consider the following details:
| Sl. No. | Committee | Objective | Organisation 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?
Correct Answer: D — 2 and 4
Explanation:
Row 2 is accepted because the L. C. Gupta Committee is associated with the roadmap for derivatives trading under SEBI. Row 4 is accepted because the Y. H. Malegam Committee is linked with microfinance reform under the RBI. Row 1 is rejected because the R. N. Malhotra Committee predates IRDAI and was not formed under it. Row 3 is rejected because the Urjit Patel Committee is associated with monetary policy and inflation-targeting reform, not housing-sector bank lending reform.