Match the following committees with their mandates in the List I and List II
List I
CommitteesList II
Mandates(A). Malhotra Committee (I). NBFC Reforms (B). Narsimham Committee (II). Money Market Reforms (C). Vaghul Committee (III). Financial Sector Reforms (D). Shah Committee (IV). Insurance Sector Reforms
Choose the correct answer from the options given below:
Understanding Committees and Their Mandates in Finance
This question requires matching prominent committees related to the Indian financial sector with their specific areas of focus or mandates. Let's break down each committee and its role:
Malhotra Committee: Insurance Sector Reforms
The Malhotra Committee was established in 1994. Its primary objective was to study the insurance industry in India and suggest reforms to make it more competitive and efficient. Therefore, the Malhotra Committee's mandate is related to Insurance Sector Reforms.
Narsimham Committee: Financial Sector Reforms
The Narsimham Committee (there were two, established in 1991 and 1998) was tasked with comprehensive reforms of the Indian banking and financial system. These committees aimed to improve the efficiency, productivity, and profitability of financial institutions. Thus, the Narsimham Committee's mandate is Financial Sector Reforms.
Vaghul Committee: Money Market Reforms
The Vaghul Committee, chaired by Janakiraman, was formed in 1986. It focused on the Indian money market. Its recommendations aimed at developing and regulating the money market to improve its efficiency and liquidity. Hence, the Vaghul Committee's mandate is Money Market Reforms.
Shah Committee: NBFC Reforms
The Shah Committee was constituted to examine the issues and regulatory framework concerning Non-Banking Financial Companies (NBFCs) in India. Its mandate involved suggesting measures for the sehat management and supervision of NBFCs. This aligns with NBFC Reforms.
Matching Committees with Mandates
Based on the analysis above, we can match the committees from List I with their respective mandates in List II:
- (A) Malhotra Committee - (IV) Insurance Sector Reforms
- (B) Narsimham Committee - (III) Financial Sector Reforms
- (C) Vaghul Committee - (II) Money Market Reforms
- (D) Shah Committee - (I) NBFC Reforms
This corresponds to the pairing:
(A) - (IV), (B) - (III), (C) - (II), (D) - (I)
| List I (Committee) | List II (Mandate) |
|---|---|
| (A) Malhotra Committee | (IV) Insurance Sector Reforms |
| (B) Narsimham Committee | (III) Financial Sector Reforms |
| (C) Vaghul Committee | (II) Money Market Reforms |
| (D) Shah Committee | (I) NBFC Reforms |
Therefore, the correct option is the one that reflects this matching.
Important Questions from Economic Survey 2024-25
- The Economic Survey 2024–25 states that India’s foreign exchange reserves were adequate to cover approximately what percentage of external debt as of December 2024?
What is the estimated real GDP growth rate for India in the fiscal year 2025-26, according to the Economic Survey, 2024-25?
Compute the fiscal deficit from the given data:
Total receipts are ₹13,500 crores and total expenditures are ₹15,000 crores. Revenue receipts are ₹3500 crores. Capital receipts in the form of Government's market borrowings and other liabilities are ₹2500 crores. Loan recoveries are ₹7500 crores.Which of the following are revenue receipts of the Central Government?
(A). GST
(B). Provident Fund
(C). Interest receipts
(D). Recoveries of loans and advances from State Governments
Choose the correct answer from the options given below:- The conversion rate between the physical rupee and the digital rupee is determined by which of the following in India?
