2019 Polity - Regulatory Bodies, Parliamentary Oversight, Governance

In India, which of the following review the independent regulators in sectors like telecommunications, insurance, electricity, etc.? 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.

• 1 and 2
• 1, 3 and 4
• 3, 4 and 5
• 2 and 5