UPSC Prelims 2019 · Question 19 of 99
UPSC Prelims 2019 question on Parliamentary Review of Regulators
- ExamUPSC CSE
- Year2019
- PaperGeneral Studies Paper I
- SubjectPolity
- TopicParliament
- DifficultyMedium
- TypeStatement
In India, which of the following review the independent regulators in sectors like telecommunications, insurance electricity, etc.?
1. Ad Hoc Committee set up by the Parliament.
2. Parliamentary Department Related Standing Committee
3. Finance Commission
4. Financial Sector Legislative Reforms Commission
5. NITI Aayog
Select the correct answer using the code given below.
Show answer
Answer: A. 1 and 2
Department Related Standing Committees: The Committee system of Parliament is often used in several countries for oversight of regulators. In India, there are 24 Department Related Standing Committees that comprise members from both Houses of Parliament. These committees are ministry specific, and may review the working of regulators within their respective departments.
Ad-hoc Committees: Parliament may establish ad-hoc committees which may examine the working of regulators. For instance, the terms of reference of the Joint Parliamentary Committee (JPC) on the allocation of 2G spectrum include the review of the policy on spectrum pricing and grant of telecom licences. Another example of parliamentary oversight through ad-hoc committees is the scrutiny of the working of SEBI and RBI by the JPC on regulations.
Finance Commission, Financial Sector Legislative Reforms Commission, and NITI Aayog are not the primary bodies for reviewing independent regulators.
Correct answers: 1 and 2 → Option (a).