B) Three times
C) Four times
D) Five times
Correct Answer: D
Solution :[d] The first JPC was instituted to inquire into the before scam in August 1987. The second JPC was set up to probe Irregularities in Securities and Banking Transactions in the aftermath of the Harshad Mehta scam in 1992. The third JPC was assigned to probe the Ketan Parekh orchestrated stock market scam of 2001. The fourth and the last JPC was set up in August 2003 to look into pesticide residues in soft drinks, fruit juice and other beverages and to set safety standards: The fifth JPC has been constituted in February 2011 to probe 2G scam.
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