Correct answer: (a) 1 and 2
Explanation
- A
1 and 2
(a) 1 and 2. Parliament reviews independent regulators through ad hoc committees and through department-related standing committees (hearings, demand-for-grants, subject reports). That is the official key.
- B
1, 3 and 4
(b) 1, 3 and 4. The Finance Commission deals with tax devolution, not day-to-day review of TRAI, IRDAI or CERC. FSLRC was a one-time reform commission, not a standing reviewer. This code is not the key.
- C
3, 4 and 5
(c) 3, 4 and 5. Finance Commission, FSLRC and NITI Aayog are not the parliamentary review forums named in the key. Not the key.
- D
2 and 5
(d) 2 and 5. NITI Aayog is a think tank, not a parliamentary reviewer of regulators. Not the key.
Summary. Official key is (a). Oversight of sector regulators is a parliamentary function via standing and ad hoc committees. The Finance Commission, FSLRC and NITI Aayog do not sit as those reviewers. Honour (a).
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