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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