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Indian EconomyHardAsked in: UPSC Civil Services · CSE Prelims 2026, GS Paper I

With reference to different Committees in India, consider the following details : (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 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 ?

  1. A.2 only
  2. B.2 and 3
  3. C.1,3 and 4
  4. D.2 and 4

Correct answer

D. 2 and 4

Explanation

The correct answer is D, 2 and 4. All details are right only in rows 2 and 4. The L.C. Gupta Committee was set up by SEBI in 1996 to frame the regulatory framework for derivatives trading, which led to index futures in India in 2000. The Y.H. Malegam Committee was formed by the Reserve Bank of India's board in 2010, after the Andhra Pradesh microfinance crisis, and recommended the NBFC-MFI category with interest and lending caps. Row 1 is wrong because the R.N. Malhotra Committee of 1993 was appointed by the Government of India, and its report itself recommended creating an independent insurance regulator; IRDA came only in 1999. Row 3 is wrong because the Urjit R. Patel Committee, set up by the RBI in 2013, was about revising the monetary policy framework, and it recommended inflation targeting based on CPI, not housing loans. Option A is wrong because row 4 is also correct. Option B is wrong because row 3 is wrong. Option C is wrong because rows 1 and 3 are wrong. Exam tip: Malhotra = insurance reform (1993), L.C. Gupta = derivatives, Urjit Patel = inflation targeting, Malegam = microfinance.

Practice Questions

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Q1.Indian EconomyAsked in: CDS · CDS-I 2020, GKEasy

Saubhagya, a Government of India Scheme, relates to which of the following areas?

  1. A.Achieving universal household electrification
  2. B.Providing clean cooking fuel to poor households
  3. C.Rationalizing subsidies on LPG
  4. D.Stopping female foeticide
Show answer
Correct answer: A. Achieving universal household electrification

Saubhagya, the Pradhan Mantri Sahaj Bijli Har Ghar Yojana, was launched in 2017 to give an electricity connection to every household in India.

Q2.Indian EconomyAsked in: CDS · CDS-II 2026, GKEasy

India's reliance on imported energy exposes it to geopolitical supply shocks. In this context, what is the most likely short-term impact of a major disruption in crude oil imports?

  1. A.Decrease in inflation
  2. B.Strengthening of the rupee
  3. C.Higher input costs and inflation pressure
  4. D.Increase in exports
Show answer
Correct answer: C. Higher input costs and inflation pressure

When crude supply is disrupted, oil prices rise, and almost every good in India becomes costlier to make and move.

Q3.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2024, GS Paper IHard

With reference to the Digital India Land Records Modernisation Programme, consider the following statements: 1. To implement the scheme, the Central Government provides 100% funding. 2. Under the Scheme, Cadastral Maps are digitised. 3. An initiative has been undertaken to transliterate the Records of Rights from local language to any of the languages recognized by the Constitution of India. Which of the statements given above are correct ?

  1. A.1 and 2 only
  2. B.2 and 3 only
  3. C.1 and 3 only
  4. D.1,2 and 3
Show answer
Correct answer: D. 1,2 and 3

All three statements about the Digital India Land Records Modernisation Programme are correct.

Q4.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2022, GS Paper IMedium

In India, which one of the following compiles information on industrial disputes, closures, retrenchments and lay-offs in factories employing workers ?

  1. A.Central Statistics Office
  2. B.Department for Promotion of Industry and Internal Trade
  3. C.Labour Bureau
  4. D.National Technical Manpower Information System
Show answer
Correct answer: C. Labour Bureau

The Labour Bureau, an attached office of the Ministry of Labour and Employment, collects and publishes statistics on industrial disputes, closures, retrenchments and lay-offs.

Q5.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2016, GS Paper IEasy

Pradhan Mantri MUDRA Yojana is aimed at

  1. A.bringing the small entrepreneurs into formal financial system
  2. B.providing loans to poor farmers for cultivating particular crops
  3. C.providing pensions to old and destitute persons
  4. D.funding the voluntary organizations involved in the promotion of skill development and employment generation
Show answer
Correct answer: A. bringing the small entrepreneurs into formal financial system

Pradhan Mantri MUDRA Yojana gives collateral-free loans to small and micro business owners so that they can borrow from banks instead of moneylenders.