Answer: (d)

Explanation:
Row 1 is incorrectly matched: While the R.N. Malhotra Committee (1993) was tasked with proposing comprehensive reforms for the insurance sector, it was constituted by the Government of India, not the Insurance Regulatory and Development Authority of India (IRDAI). In fact, the IRDAI itself was created in 1999 as a direct statutory consequence of this committee's recommendations.

Row 2 is correctly matched: L.C. Gupta Committee (1998) was set up by the Securities and Exchange Board of India (SEBI) to draft a regulatory framework and roadmap for introducing financial derivatives trading into Indian stock markets.

Row 3 is incorrectly matched: The Urjit R. Patel Committee (2013) was formed under the Reserve Bank of India (RBI), but its purpose was to review and strengthen the monetary policy framework (introducing CPI-based inflation targeting). It had nothing to do with bank lending to the housing sector.

Row 4 is correctly matched: The Y.H. Malegam Committee (2010) was constituted by the Reserve Bank of India (RBI) to study issues and prepare a roadmap for structural reforms within the microfinance sector following the Andhra Pradesh microfinance crisis.