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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


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

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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