Which of the following societies has instituted an award for an Outstanding Parliamentarian in India, recognising distinguished service in parliamentary functioning?

Introduction / Context:
This question asks about the institution that has created an award for an Outstanding Parliamentarian in India. Such awards recognise members of Parliament who have shown distinguished service, high standards of debate and constructive participation in the legislative process. Knowing which society or organisation instituted the award helps understand how civil society bodies encourage better parliamentary functioning.

Given Data / Assumptions:
- The award is for an Outstanding Parliamentarian in India.
- The question asks which society instituted this award.
- Four options are provided: Jamnalal Bajaj Foundation, R D Birla Samarak Kosh, G B Pant Memorial Society and Institute of Constitutional and Parliamentary Studies.
- We assume that one of these is historically linked as the institution that created the award.

Concept / Approach:
The Outstanding Parliamentarian Award is associated in competitive exam references with the G B Pant Memorial Society. This society is named after Govind Ballabh Pant, a prominent freedom fighter and political leader. While parliamentary groups and constitutional institutes also work in this area, the society mentioned in exam questions as instituting an award for Outstanding Parliamentarian is the G B Pant Memorial Society.

Step-by-Step Solution:
Step 1: Recognise that the award is titled Outstanding Parliamentarian and is related to performance in Parliament. Step 2: Recall from general knowledge notes that the G B Pant Memorial Society is associated with instituting such an award. Step 3: Compare the options and identify G.B.Pant Memorial Society as option C. Step 4: Note that Jamnalal Bajaj Foundation and R D Birla Samarak Kosh are linked to other social and philanthropic awards, not specifically to this parliamentary honour. Step 5: Conclude that the correct answer is G.B.Pant Memorial Society.

Verification / Alternative check:
Question banks and general knowledge books that cover honours and awards frequently include a similar question and mark G B Pant Memorial Society as the correct answer. These references treat the society as the institution that has instituted an award for Outstanding Parliamentarian. Although other bodies work with Parliament, exam oriented material consistently supports option C as the right choice here.

Why Other Options Are Wrong:
Jamnalal Bajaj Foundation sponsors awards mainly for constructive work related to Gandhian values and social service, not specifically for parliamentary performance.
R.D.Birla Samarak Kosh is connected with philanthropic activities but is not the body named in exam references as instituting the Outstanding Parliamentarian award.
The Institute of Constitutional and Parliamentary Studies conducts research and training on parliamentary and constitutional issues but is not the society named in this standard GK question format.

Common Pitfalls:
Students may be attracted to the Institute of Constitutional and Parliamentary Studies because of its name, which clearly relates to Parliament. However, the question explicitly asks which society instituted the award, and exam compilers usually expect G B Pant Memorial Society as the answer. Distinguishing between an academic institute and a memorial society is key to avoiding confusion.

Final Answer:
The award for an Outstanding Parliamentarian was instituted by the G.B.Pant Memorial Society.