Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — A- 4, B- 2, C-1, D -3
Concept & Option Breakdown
Standard Reference Verified- Disinvestment in PSEs: Recommended by the committee headed by Dr. C. Rangarajan (A-4).
- Industrial Sickness: Studied by the Omkar Goswami Committee (B-2).
- Tax Reforms: Chaired by Dr. Raja Chelliah in 1991 (C-1).
- Insurance Sector Reforms: Recommended by the R.N. Malhotra Committee in 1993, which led to the creation of IRDA (D-3).
Raja Chelliah is widely famous for Tax Reforms (C-1) and Malhotra Committee for Insurance Reforms (D-3). This uniquely isolates option (b).
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