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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
Q. Select the correct answer using the code given below.
  • a)
    1 and 2
  • b)
    1, 3 and 4
  • c)
    3, 4 and 5
  • d)
    2 and 5
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
In India, which of the following review the independent regulators in ...
Review of Independent Regulators in India

In India, there are several independent regulators in sectors like telecommunications, insurance, electricity, etc. The following are the bodies that review these regulators:

1. Ad Hoc Committees set up by the Parliament: These committees are appointed by the Parliament to study specific issues related to the functioning of independent regulators. They can review the performance of the regulators and make recommendations for improvement.

2. Parliamentary Department Related Standing Committees: These committees are permanent committees of the Parliament that review the functioning of various government departments and agencies. They can also review the performance of independent regulators.

Therefore, the correct answer is option 'A' - 1 and 2.

The other options are incorrect because:

- Option 'B' includes the Finance Commission and the Financial Sector Legislative Reforms Commission, which do not review independent regulators.
- Option 'C' includes the Finance Commission and the NITI Aayog, which do not review independent regulators.
- Option 'D' includes the Parliamentary Department Related Standing Committees and the NITI Aayog, but it is missing the Ad Hoc Committees set up by the Parliament.
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In India, which of the following review the independent regulators in ...
The Parliamentary Committees - Standing Committees and Ad Hoc Committees are considered as necessary additions to carry out the voluminous work of the Indian Parliament, making the parliamentary work smooth and time saving. While the Standing Committees are constituted every year or frequently and work on continuous basis, the Ad hoc committees are temporary and perform specific task. The Ad Hoc Committees dissolve, once their task is done. These committees are Ministries’ specific and review the working of regulators within their respective departments.
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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 Parliament2. Parliamentary Department Related Standing Committees3. Finance Commission4. Financial Sector Legislative Reforms Commission5. NITI AayogQ.Select the correct answer using the code given below.a)1 and 2b)1, 3 and 4c)3, 4 and 5d)2 and 5Correct answer is option 'A'. Can you explain this answer?
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