Committees — Set 6
Economics · समितियां · Questions 51–60 of 60
Which committee suggested the merger of the 27 Public Sector Banks into 6 major banks?
Correct Answer: C. Narasimham Committee
The Narasimham Committee suggested bank consolidation to create global-sized Indian banks. This merger process has been actively pursued by the government in recent years. Larger banks are thought to be more resilient to financial shocks.
The Rangachary Committee (2012) gave recommendations on which sector?
Correct Answer: B. Insurance and Tax
The Rangachary Committee examined taxation issues in the IT and insurance sectors. It looked into the issue of safe harbor rules for transfer pricing. This was to provide more clarity to multinational companies operating in India.
The Abid Hussain Committee (1984) focused on which sector's trade?
Correct Answer: B. Trade Policy and Export-Import
This committee recommended reforms in India's export-import policies. It suggested a shift from physical controls to fiscal incentives to promote exports. This was one of the early steps towards liberalizing Indian trade.
Which committee recommended the 'Pradhan Mantri Fasal Bima Yojana' overhaul?
Correct Answer: C. Ashok Dalwai Committee
The Ashok Dalwai Committee report on doubling farmers' income touched upon crop insurance. It recommended making the insurance system more farmer-friendly and technologically driven. This aims to provide a better safety net for farmers against climate risks.
The Justice B.N. Srikrishna Committee (2017) was established to look into which subject that later became the basis for India's data protection legislation?
Correct Answer: B. Data Protection and Privacy
The Justice B.N. Srikrishna Committee was constituted in 2017 by the Ministry of Electronics and Information Technology to study data protection issues and draft a framework for a data protection law. The committee submitted its report in 2018 along with a draft Personal Data Protection Bill. It emphasized that informational privacy is a fundamental right under Article 21 of the Constitution. This report laid the groundwork for India's subsequent data protection legislation, which was a critical step in regulating the digital economy.
The Vimal Jalan Committee (2019) gave recommendations on the RBI's?
Correct Answer: D. Economic Capital Framework
This committee decided on the size of the reserve capital that the RBI should maintain. It recommended that a part of the RBI's surplus should be transferred to the government. This was to help the government meet its fiscal targets without compromising RBI's stability.
The Bhagwati Committee (1997) gave a report on which market activity?
Correct Answer: B. Takeovers and Mergers
The correct answer is 'Takeovers and Mergers'. The Bhagwati Committee formulated the Takeover Code for the Indian stock market. It aimed to protect the interests of minority shareholders during corporate buyouts. This provided a transparent legal framework for corporate acquisitions.
Which committee recommended the 'Goods and Services Tax' (GST) structure for the first time?
Correct Answer: B. Kelkar Task Force (2003)
The Kelkar Task Force on Indirect Taxes proposed a nationwide GST to replace excise and sales tax. It argued that a single tax would reduce the cost of goods and increase tax compliance. This became the blueprint for the current GST regime.
The Karve Committee (1955) was setup to study which sector?
Correct Answer: B. Small Scale and Village Industries
The Karve Committee highlighted the importance of small-scale industries for rural employment. It recommended that developmental resources should be diverted towards this sector. This influenced the strategy of the second Five Year Plan.
Which committee recommended the 'National Health Policy' 2017 framework?
Correct Answer: D. High Level Expert Group
The High Level Expert Group (HLEG) recommended universal health coverage for all citizens. It advocated for increasing public health spending to 2.5% of the GDP. This report shaped the current government's focus on healthcare infrastructure.