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Q:

Which of the following committees recommended the privatization and restructuring of LIC for the first time in India?

  • 1
    Malhotra Committee
  • 2
    Narasimhan Committee
  • 3
    Rangarajan Committee
  • 4
    Dutt Committee
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Answer : 1. "Malhotra Committee"
Explanation :

Following the recommendations of the Malhotra Committee report, in 1999, the Insurance Regulatory and Development Authority (IRDA) was constituted as an autonomous body to regulate and develop the insurance industry.

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