Question

Match the following committees with their mandates in List I and List II:\[\begin{array}{|c|c|} \hline \textbf{List I: Committees} & \textbf{List II: Mandates} \\ \hline \text{(A) Malhotra Committee} & \text{(IV) Insurance Sector Reforms} \\ \hline \text{(B) Narsimham Committee} & \text{(III) Financial Sector Reforms} \\ \hline \text{(C) Vaghul Committee} & \text{(I) NBFC Reforms} \\ \hline \text{(D) Shah Committee} & \text{(II) Money Market Reforms} \\ \hline \end{array}\]

• (A) (I), (B) (II), (C) (III), (D) (IV)
• (A) (IV), (B) (III), (C) (II), (D) (I)
• (A) (I), (B) (II), (C) (IV), (D) (III)
• (A) (III), (B) (IV), (C) (I), (D) (II)

Hint:

Committee reforms often focus on a specific sector; always memorize key committee mandates.

Answer 1

The Correct Option is B

Step 1: Identify correct committees and mandates.
- Malhotra Committee → Insurance Sector Reforms
- Narsimham Committee → Financial Sector Reforms
- Vaghul Committee → NBFC Reforms
- Shah Committee → Money Market Reforms

Step 2: Match with options.
- Option 2 correctly aligns all committees with their mandates.