Q. Which committee played a pivotal role in recommending the privatization of the insurance sector in India?
Answer: Malhotra Committee
Notes: The Malhotra Committee, set up in 1993, recommended the privatization of the insurance sector and the establishment of an independent regulatory authority.
Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.
📌 Question Number: 4 in Privatization and Foreign Investments in Insurance in the above course in App.