In India, which of the following review the independent regulators in sectors like telecommunications, insurance, electricity, etc.? 1. Ad Hoc Committees set up by the Parliament 2. Parliamentary Department Related Standing Committees 3. Finance Commission 4. Financial Sector Legislative Reforms Commission 5. NITI Aayog Select the correct answer using the code given below:

QUESTION

Medium

Indian Polity

Prelims 2019

In India, which of the following review the independent regulators in sectors like telecommunications, insurance, electricity, etc.?

Ad Hoc Committees set up by the Parliament
Parliamentary Department Related Standing Committees
Finance Commission
Financial Sector Legislative Reforms Commission
NITI Aayog

Select the correct answer using the code given below:

Select an option to attempt

Explanation

In India, the independent regulators in sectors like telecommunications, insurance, electricity, etc. are reviewed by the Ad Hoc Committees set up by the Parliament and the Parliamentary Department Related Standing Committees. The role of these committees is to ensure that the regulators are performing their duties effectively and in the best interest of the public.

The Finance Commission, Financial Sector Legislative Reforms Commission, and NITI Aayog do not have the mandate to review the independent regulators.

Hence, only 1 and 2 are the correct option codes.

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