1. Ad Hoc Committees set up by the Parliament.
2. Parliamentary Department Related Standing Committees.
3. Finance Commission.
4. Financial Sector Legislative Reforms Commission.
5. NITI Aayog
Select the correct answer using the code given below:
Correct Answer: (a) 1 and 2
Solution:In India, there are 24 departments related standing committees that comprise members from both houses of parliament. These committees are specific, & may review the working of regulators within their respective departments. Parliament may also establish ad-hoc committees which may examine the working of regulators, eg. Joint parliamentary committee on the allocation of 26 spectrum includes the review of the policy on spectrum pricing & grant of telecom licenses Ad-hoc committees are temporary in nature. Finance commission, NITI Aayog & Financial sector legislative reforms commission has no role to play in the review of Independent regulators in various sectors.