Q69. 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: (a) 1 and 2 only (b) 1, 3 and 4 only (c) 3, 4 and 5 only (d) 2 and 5 only
Answer: A
In India, there are 24 Department Related Standing Committees that comprise members from both Houses of Parliament. These committees are ministry specific, and may review the working of regulators within their respective departments. Parliament may also establish ad-hoc committees which may examine the working of regulators