RBI Frames Committee to Review Regulations on ARCs

Current Context: The Reserve Bank of India (RBI) has set up a six-member committee to review regulations on asset reconstruction companies (ARCs).

• The committee will be headed by Sudarshan Sen, former RBI executive director.
• The committee is framed to review the legal and regulatory working of ARCs and will recommend measures to improve the efficiency of ARCs.
• The improved ARCs will also define their role in resolving stressed assets including under Insolvency & Bankruptcy Code (IBC).
• The commitee will review the business models of ARCs and will suggest the measures to improve the liquidity in the trading of security receipts.
• The other members of the committee are: Vishakha Mulye (ICICI’s Executive Director), PN Prasad (former SBI DMD), Abizer Diwanji (EY Partner), Rohit Prasad (MDI Professor of Economics) and R Anand (CA).
• Static Part: 
• HQ of RBI: Mumbai
• Governor of RBI: Shaktikanta Das

Question: 

Q.1 Who will head the committee set up by RBI to review regulations on asset reconstruction companies (ARCs)?
a. Rohit Jain
b. R Subramanian
c. Sudarshan Sen
d. Jyotindra M. Mehta