Indian Government Organisations and Roles

CVC stands for Central Vigilance Commission, established in 1964 to address governmental corruption. It advises central government agencies on vigilance matters and oversees disciplinary proceedings against corrupt officials.

PMO stands for Prime Minister's Office, the bureaucratic office that supports the Prime Minister of India in exercising their functions. It handles coordination, decision-making, and administrative support at the highest level of government.

FBI stands for Federal Bureau of Investigation, the domestic intelligence and security service of the United States. It's responsible for investigating federal crimes and enforcing federal laws.

NOIDA stands for New Okhla Industrial Development Authority. None of the provided acronym expansions in options 490010, 490011, or 490012 are perfectly accurate (using 'Association' or 'assistance' instead of 'Authority'), making 'None of the Above' correct.

IRDA (Insurance Regulatory and Development Authority) is the apex regulatory body for the insurance sector in India. LIC and GIC are state-owned insurance companies, not regulators.

SEBI (Securities and Exchange Board of India) is both a regulatory authority and a statutory authority. It was established as a statutory body through the SEBI Act 1992, giving it legal backing, and it functions as the primary regulator for securities markets in India, overseeing stock exchanges, brokers, and listed companies.

TRAI stands for Telecom Regulatory Authority of India, established in 1997 to regulate telecommunications services. It sets tariffs, ensures fair competition, and protects consumer interests in the telecom sector. SEBI regulates securities markets, while MTNL and BSNL are telecom service providers (not regulators).

TRAI (Telecom Regulatory Authority of India) is the regulatory authority for the telecommunications sector, established in 1997. SEBI regulates securities markets, while MTNL and BSNL are telecom service providers (PSUs), not regulatory bodies. TRAI ensures fair competition and protects consumer interests in telecom.

The Narsimham Committee was specifically constituted to recommend banking sector reforms, leading to liberalization, entry of private banks, NPR normalization, and strengthened regulatory frameworks in the financial sector.

Correct answer :- (2) Shivaraman Commmittee

Cabinet Committee on Economic Affairs

The Finance Commission (Article 280) is a constitutional body that recommends the distribution of financial resources between the Centre and States. The Sarkaria Commission dealt with Centre-State relations, National Development Council is for development planning, and Ministry of Home Affairs handles internal security.

The Plant Protection Advisor to the Government of India (under the Department of Agriculture, Ministry of Agriculture) is the authority granting permission for plant imports to prevent entry of exotic pests and diseases. IARI conducts research but doesn't grant import permissions.

Option (3) is the correct answer. 

NSE (National Stock Exchange) is recognized as a Self Regulatory Organization in India. SEBI is the apex regulator (not an SRO), AMFI is an industry association, and RBI is the central bank - none of these are SROs. SROs are exchanges or industry bodies that regulate their members under delegated authority.