Match List I with List II
List I (Committees) List II (Assigned task)
a. C. Rangarajan Committee (2008) i. Review of FRBM Act
b. N. K. Singh Committee (2017) ii. Inflation targeting & monetary policy framework
c. Tendulkar Committee (2009) iii. Financial inclusion & small savings reform
d. Urjit Patel Committee (2014) iv. Estimation of poverty lines
Choose the correct answer from the options given below:

Correct option is C

The correct answer is (c) a-iii, b-i, c-iv, d-ii
Explanation:
. a. C. Rangarajan Committee (2008) matches with iii. Financial inclusion & small savings reform. The 2008 committee focused on defining and promoting financial inclusion in India, especially for vulnerable and low-income groups. A later Rangarajan committee (2012) was for poverty estimation..
. b. N. K. Singh Committee (2017) matches with i. Review of FRBM Act. The Fiscal Responsibility and Budget Management (FRBM) Review Committee was chaired by N. K. Singh to re-examine the FRBM Act and propose a new fiscal framework.
. c. Tendulkar Committee (2009) matches with iv. Estimation of poverty lines. The committee chaired by Suresh Tendulkar was appointed by the Planning Commission to review the methodology for poverty estimation.
. d. Urjit Patel Committee (2014) matches with ii. Inflation targeting & monetary policy framework. The committee was tasked with revising and strengthening the monetary policy framework and recommended adopting inflation targeting based on the Consumer Price Index (CPI).
Information Booster:
. The N. K. Singh committee recommended a debt-to-GDP ratio target for both the central and state governments to ensure long-term fiscal discipline.
. The Tendulkar Committee shifted the basis of poverty estimation away from a purely calorie-based model to one that included expenditure on health and education.
. The Urjit Patel committee's recommendations led to the establishment of the Monetary Policy Committee (MPC) and the adoption of the flexible inflation targeting framework.