The Vijay Kelkar committee was set up to study and evaluate the:

Public-Private Partnership Model

The correct answer is Option (1) → Public-Private Partnership Model

The Vijay Kelkar committee was set up to study and evaluate the Public-Private Partnership (PPP) model in India. Specifically, the committee focused on reviewing the experience of PPP policy, analyzing risks involved in projects, and proposing design modifications to improve the implementation of PPP projects.