Question : Which of the following committees was constituted to study the issues and concerns in the Micro Finance Institution in 2010?
Option 1: Ghosh Committee
Option 2: Sivaraman Committee
Option 3: Malegam Committee
Option 4: Khan Committee
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Correct Answer: Malegam Committee
Solution : The correct option is the Malegam Committee.
The Reserve Bank of India (RBI) established the Malegam Committee to examine India's microfinance industry. In 2010, Y. H. Malegam served as its chairman and its mandate included a review of India's microfinance industry and suggestions for oversight and regulation.
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Question : Which committee recommended the formation of a new category of NBFC i.e., Non-Banking Financial Company-Micro Finance Institution?
Option 1: Shah Committee
Option 2: Malegam Committee
Option 3: Kamath Committee
Option 4: Hussain Committee
Question : Which one of the following Committees is described as the 'twin sister' of the Estimates Committee?
Option 1: Public Accounts Committee
Option 2: Committee on Public Undertakings
Option 3: Departmental Standing Committee
Option 4: Privilege Committee
Question : The Fundamental Duties of Citizens were added to the Constitution of India upon the recommendations of which of the following committees?
Option 1: Raja Chelliah Committee
Option 2: Santhanam Committee
Option 3: Kelkar Committee
Option 4: Swaran Singh Committee
Question : Which of the following committees recommended the inclusion of fundamental duties in the Constitution of India?
Option 1: Swaran Singh Committee
Option 2: Sarkaria Commission
Option 3: Rajamannar Committee
Option 4: Balwant Rai Mehta Committee
Question : In which year was the Estimates Committee constituted for the first time in India?
Option 1: 1948
Option 2: 1950
Option 3: 1947
Option 4: 1949
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