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Discussion

Consider the following pairs of committees and their mandate, which were in the news recently :

CommitteeMandate
A. U.K. SinhaTransfer of Surplus reserves from SEBI to the Government
B. Nandan NilekaniDeepening digital payments
C. Bimal JalanEconomic capital framework

Which of the above are correctly matched ?

Choose the correct answer from the options given below :

  • A.A and B only
  • B.B and C only
  • C.A and C only
  • D.A, B and C

Answer: B

Pairs B and C are correctly matched, so the answer is B and C only.

The RBI's committee headed by Nandan Nilekani (2019) recommended ways of deepening digital payments (B). The committee headed by Bimal Jalan reviewed the RBI's economic capital framework, which decided how much of its surplus reserves the RBI could transfer to the government (C).

The U.K. Sinha committee was the RBI's expert committee on micro, small and medium enterprises. It had nothing to do with transferring SEBI's reserves, so pair A is wrong.

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