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Question

The YH Malegam Committee, which submitted its report in 2011, was set up to report on further improvement of functioning of __________.

A
micro finance institutions
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B
stock exchanges in India
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C
cooperative banks
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D
regional rural banks
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Solution

The correct option is A micro finance institutions
In view of the developments in the microfinance sector, the Reserve Bank of India (RBI) in October, 2010 constituted a sub-committee under Shri Y.H. Malegam, member of the Central Board of Directors of RBI, to study issues and concerns of the Micro Finance Sector.

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