Consider the committee as the step by the RBI to check the functioning of the Micro Finance Institutions (MFIs) operating in India.
Answer: C
Malegam is the chairman of the National Advisory Committee on accounting standards. It was appointed chairman of the famous Malegam Committee (subcommittee of the RBI Central Board of Directors) set up to study issues and concern in the Micro Finance Institution. The committee submitted its report to the RBI in jan., 2011.