Financial Awareness - Risk, Stability & Emerging Finance
The Malhotra Committee, constituted in 1993, is associated with reforms in which sector?
The Malhotra Committee, constituted in 1993, is associated with reforms in which sector?
medium Q7 of 15
Step-by-Step Solution
Step 1: Identify Malhotra Committee's domain
The Malhotra Committee was set up to review and suggest reforms in the insurance sector, leading to the establishment of IRDA.Step 2: Analyze options
Monetary policy relates to Rangarajan Committee; banking fraud to Verma Committee; capital markets to other committees.Final Answer:
Insurance sector regulation → Option DQuick Check:
Malhotra Committee = insurance sector reforms ✅
Quick Trick: Malhotra Committee = insurance sector reforms.
Common Mistakes:
- Confusing Malhotra Committee with banking or monetary policy committees.
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