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    Question

    The “Malhotra Committee” was established to: 

    A Manage the financial restructuring of GIC Correct Answer Incorrect Answer
    B Recommend reforms for the insurance sector Correct Answer Incorrect Answer
    C Oversee the implementation of IRDA guidelines Correct Answer Incorrect Answer
    D Promote foreign investment in insurance Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Explanation: The correct answer is B. Recommend reforms for the insurance sector. The Malhotra Committee was set up to review and recommend reforms in the Indian insurance sector.

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