Economic Committees in General Studies : PYQs with Answers

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UPSC CSE PRELIMS 2026Economic Committees

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?

2 only

2 and 3

1, 3 and 4

2 and 4

View Answer

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.