← All questionsGS2 · 2013 · Governance ·Sectoral Regulatory Bodies
QUESTION N09
GS2
10 marks

The product diversification of financial institutions and insurance companies, resulting in overlapping products and services, strengthens the case for merger of the two regulatory agencies, namely SEBI and IRDA. Justify.

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7 min
200 words
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What the examiner wants

Justify the exact proposition in the PYQ — “The product diversification of financial institutions and insurance companies, resulting in overlapping products and services, strengthens the case for merger of the two regulatory agencies, namely SEBI and IRDA. Justify.” — using concept/chronology or mechanism, evidence on both sides where relevant, and a conclusion that answers the directive rather than merely describing Sectoral Regulatory Bodies.

JustifyAnswer exactly what the question asks.

Demand-wise check

  1. 1For the prompt cue ‘The product diversification of financial institutions and insurance companies, resulting in overlapping products and services, str’, directly answer: The product diversification of financial institutions and insurance companies, resulting in overlapping products and services, strengthens the case for merger of the…≈45 words
  2. 2For the prompt cue ‘The product diversification of financial institutions and insurance companies, resulting in overlapping produc’, build the causal/institutional mechanism behind Sectoral Regulatory Bodies, not just a list of features≈45 words
  3. 3For the prompt cue ‘The product diversification of financial institutions and insurance companies, resulting in overlapping produc’, add one verified official-source anchor and a limitation/counterpoint specific to Sectoral Regulatory Bodies≈45 words

Open in about 30 words and close in about 30.

Answer plan

Define/contextualise Sectoral Regulatory BodiesExplain mechanism/chronologyQuestion-specific evidence/examplesImplicationsConcise conclusion

Where marks usually go

  • For the prompt cue ‘The product diversification of financial institutions and insurance companies, resulting in overlapping products and ser’, avoid a generic note on Sectoral Regulatory Bodies; answer the actual wording/directive and the Sectoral Regulatory Bodies proposition
  • For the prompt cue ‘The product diversification of financial institutions and insurance companies, resulting in overlapping products and ser’, do not add examples around Sectoral Regulatory Bodies unless they prove, qualify or rebut the proposition asked

Value addition

  • 3-box flow: concept/context → core argument/evidence → implication/way forward
    → Draw it in the body, next to the point it supports.

Official source anchors

These are authoritative sources selected for this exact PYQ. Where a card is an official-domain anchor rather than a fact-level citation, verify the precise provision, definition or data point on the linked source before using it.