Committees — Set 5
Economics · समितियां · Questions 41–50 of 60
Which committee is considered the first to define the poverty line in India based on nutritional requirements?
Correct Answer: D. Alagh Committee
The Alagh Committee (1979) established a poverty line based on daily calorie intake. It suggested 2400 calories for rural areas and 2100 calories for urban areas. This became the standard for several decades.
The Lakdawala Committee (1993) recommended that poverty should be calculated based on?
Correct Answer: C. State-specific price indices
The Lakdawala Committee suggested using CPI-AL for rural and CPI-IW for urban areas to calculate poverty. This allowed for differences in the cost of living across various states. It continued the calorie-based approach but refined the price indexing.
Which committee recommended the establishment of the Securities and Exchange Board of India (SEBI)?
Correct Answer: D. High-Powered Committee on Stock Exchange Reforms
The committee headed by S.A. Dave (High-Powered) led to the formation of SEBI in 1988. It was given statutory powers later in 1992 following the Harshad Mehta scam. SEBI regulates the Indian capital market to protect investors.
The Sivaraman Committee report led to the creation of which apex institution?
Correct Answer: A. NABARD
The Sivaraman Committee recommended a specialized agency for rural credit. NABARD was subsequently formed to take over the functions of the RBI's Agricultural Credit Department. It is the most important body for rural refinancing in India.
Which committee was formed in 2014 to review and suggest changes to the FRBM Act?
Correct Answer: D. N.K. Singh Committee
The N.K. Singh Committee recommended a debt-to-GDP ratio as the primary target for fiscal policy. It suggested a roadmap to reduce the fiscal deficit to 2.5% by 2023. This committee aimed to bring more flexibility to fiscal rules.
The Sarkaria Commission (1983) was setup to examine the relationship between?
Correct Answer: D. Centre and States
The correct answer is 'Centre and States'. The Sarkaria Commission studied the distribution of powers between the central and state governments. It recommended that the Governor should be an eminent person from outside the state. It also advocated for the strengthening of the Inter-State Council.
Which committee recommended the introduction of the 'Unified Payment Interface' (UPI)?
Correct Answer: A. Nandan Nilekani Committee
The Nilekani Committee focused on deepening digital payments in India. It suggested measures to make digital transactions more accessible and secure. This committee played a vital role in the expansion of India's digital financial infrastructure.
The Khusro Committee (1989) looked into which aspect of the Indian economy?
Correct Answer: B. Agricultural Credit System
The Khusro Committee conducted a comprehensive review of the agricultural credit system. It highlighted the weaknesses of cooperative banks and regional rural banks. It emphasized the need for better recovery of loans from farmers.
Which committee was associated with the 'Minimum Alternate Tax' (MAT)?
Correct Answer: D. Kelkar Committee
The Kelkar Committee recommended changes to corporate tax, including the structure of MAT. MAT was introduced to target 'zero-tax' companies that were making huge profits but paying no tax. This ensured that all companies contributed to the national exchequer.
The Narasimham Committee (1991) recommended a move from direct control to?
Correct Answer: D. Market-determined interest rates
Narasimham recommended that banks should have the freedom to set their own interest rates based on market forces. This was to replace the system of rigid controls by the RBI. It was a fundamental shift towards a more liberalized financial sector.