IRDAI, the insurance regulator, was set up on the recommendation of which committee?
- AThe Kelkar Committee
- BThe Rangarajan Committee
- CThe Narasimham Committee
- DThe Malhotra Committee
Show answer and explanation
Correct answer: (d) The Malhotra Committee
Explanation
The R. N. Malhotra Committee (1994) recommended an independent insurance regulator.