Economics · Insurance Reforms

Which of the following was a key recommendation made by the Malhotra Committee Report (1994) regarding the Indian insurance sector?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Abolishing regulatory oversight to allow an unregulated free market in the insurance sector
2Permitting the entry of private players, enhancing the role of foreign direct investment, and establishing an independent regulatory authority✓
3Reinstating the Insurance Act of 1938 to eliminate the role of foreign direct investment
4Restricting the insurance market exclusively to state-owned insurance companies

Correct answer

Permitting the entry of private players, enhancing the role of foreign direct investment, and establishing an independent regulatory authority

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Insurance Reforms?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Insurance Reforms

Which of the following territories was annexed by Lord Dalhousie under the pretext of misgovernance, and not directly through the Doctrine of Lapse?

What was the primary stated reason for the Partition of Bengal in 1905 by Lord Curzon?

Related Practice Questions