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      Question

      The ā€œMalhotra Committeeā€ was established to:Ā 

      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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