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.
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Answer: A. Parliament reviews independent regulators through its committees: Department-Related Standing Committees study the ministries and regulators in their sector, and ad hoc committees can be set up for specific issues. The Finance Commission, FSLRC and NITI Aayog do not review regulators. So 1 and 2.
Watch for: The FSLRC wrote about regulators, so students mistake writing recommendations for regular review.
Why the other options are wrong
- B. Wrong because the Finance Commission and FSLRC do not review regulators.
- C. Wrong because the Finance Commission, FSLRC and NITI Aayog are not reviewing bodies for regulators.
- D. Wrong because NITI Aayog does not review regulators, and ad hoc committees do.
Source to check: Lok Sabha Secretariat, rules on Department-Related Standing Committees (Rules of Procedure, Chapter XXVI); Report of the FSLRC (2013)
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.