Committees — Set 2
Economics · समितियां · Questions 11–20 of 60
The Urjit Patel Committee (2014) recommended which significant change for the Reserve Bank of India?
Correct Answer: C. Inflation Targeting
The Urjit Patel Committee recommended that the RBI should target consumer price inflation. It suggested the formation of a Monetary Policy Committee (MPC) to decide interest rates. This shifted the RBI's focus toward maintaining price stability as its primary objective.
Which committee recommended the 'Pradhan Mantri Jan Dhan Yojana' like financial inclusion models?
Correct Answer: A. Nachiket Mor Committee
The Nachiket Mor Committee focused on providing comprehensive financial services to small businesses and low-income households. It proposed the creation of payment banks to reach unbanked areas. This was a major step towards achieving universal financial inclusion in India.
The Shanta Kumar Committee (2015) submitted a report related to the restructuring of which organization?
Correct Answer: D. Food Corporation of India (FCI)
The Shanta Kumar Committee recommended reforms in the food grain procurement and distribution system of the FCI. It suggested outsourcing storage and labor operations to private players. The report aimed to reduce the massive subsidies and improve the efficiency of the PDS.
The Kothari Commission (1964-66) dealt with which fundamental sector?
Correct Answer: A. Education
The Kothari Commission was appointed to formulate a coherent national policy for education in India. It recommended the 10+2+3 pattern of education. This commission emphasized that education should be used as a tool for national development.
Which committee recommended the introduction of the 'Value Added Tax' (VAT) in India?
Correct Answer: A. L.K. Jha Committee
The L.K. Jha Committee was the first to recommend a modified value-added tax system in 1976. This was intended to replace the cascading effect of the traditional sales tax. It laid the initial conceptual foundation for the eventual GST regime.
The Wanchoo Committee (1970) was established to investigate which economic issue?
Correct Answer: C. Black Money
The Wanchoo Committee was a direct taxes enquiry committee focused on the problem of black money and tax evasion. It suggested measures to detect hidden wealth and prevent its accumulation. It was one of the earliest high-level studies on the underground economy.
Which committee recommended that the Central Government should provide more autonomy to the states in Five Year Plans?
Correct Answer: B. Sarkaria Commission
The Sarkaria Commission examined the relationship between the Centre and the States in various administrative and economic fields. It recommended that the planning process should be more decentralized. This was to ensure that the unique needs of different states were addressed.
The P.J. Nayak Committee was constituted to review the governance of which type of institutions?
Correct Answer: B. Public Sector Banks
The P.J. Nayak Committee recommended reducing the government's stake in public sector banks to below 50%. It suggested the creation of a Bank Board Bureau to improve the appointment process of top officials. This aimed to professionalize the management of state-owned banks.
Which committee is associated with the concept of 'District Planning' in India?
Correct Answer: B. Dantwala Committee
The Dantwala Committee recommended that the district should be the basic unit for planning and administration. This was to bridge the gap between state-level planning and local needs. It emphasized the role of block-level participation in the developmental process.
The Goswami Committee (1993) gave recommendations on which corporate issue?
Correct Answer: D. Industrial Sickness
The Goswami Committee studied the causes and remedies for industrial sickness in India. It recommended the simplification of bankruptcy procedures for failing companies. This led to a more structured approach to corporate debt restructuring.