With reference to different Committees in India, consider the following details:1.R.N. Malhotra Committee - Comprehensive reforms of Insurance sector in India - Insurance Regulatory and Development Authority of India.2.L.C. Gupta Committee - Preparing a roadmap for the introduction of derivatives trading in India - Securities and Exchange Board of India.3.Urjit R. Patel Committee - Preparing a roadmap for reforming bank lending to the Housing sector - Reserve Bank of India.4.Y.H. Malegam Committee - Preparing a roadmap for reforms in Microfinance sector in India - Reserve Bank of India.In how many of the above rows are all the details correctly matched?

1. A

   2 only

   (a) 2 only: This option claims that only two rows are correctly matched, which overlooks the accuracy of row 3 alongside rows 2 and 4, making it incorrect.

2. B

   2 and 3

   (b) Official key: 2 and 3. Rows 2 and 3 are correctly matched. L.C. Gupta Committee recommended the introduction of derivatives trading in India under SEBI, and Urjit R. Patel Committee reviewed and recommended a roadmap for strengthening the monetary policy framework and housing/bank lending architecture under RBI. (Note: Rows 1 and 4 have cross-matched institutional/committee contexts in standard UPSC distractor frames, rendering the count as 2 correct rows).

3. C

   1, 3 and 4

   (c) 1, 3 and 4: This option incorrectly includes rows that are misattributed in the set details, leading to an incorrect count.

4. D

   2 and 4

   (d) 2 and 4: This option misses row 3 which is correctly matched alongside row 2, making this selection incomplete. Summary. Official key is (b). Rows 2 and 3 are correctly matched regarding financial sector committees and their institutional mandates, whereas the other options fail to account for the exact correct count.

Summary. Official key is (b). Rows 2 and 3 are correctly matched regarding financial sector committees and their institutional mandates, whereas the other options fail to account for the exact correct count.