Target Prelims 2020 Committees-and-Indices PDF

Target Prelims 2020
Committees and Indices

Consider the following statements:
1. RBI has been set up under the Companies Act of 1956.
2. The Central board of directors in RBI has 21 members.
Choose the correct option
a. 1 is correct
b. 2 is correct
c. Both are correct
d. Both are false
Q - Bimal Jalan Committee - Economic Capital
Framework
Match the following sections of RBI Act with its functions
Sector Regulator
1). Section 3 A). Issuing currency
2). Section 8 B). Surplus transfer
3). Section 22 C). Incorporation of RBI
4). Section 47 D). Central Board of Directors

a. 1-A 2-B 3-C 4-D
b. 1-B 2-A 3-C 4-D
c. 1-C 2-D 3-A 4-B
d. 1-B 2-C 3-D 4-B
Q – External Benchmarking
Which of the following committee recommended external benchmarking
a. Nachiket Mor Committee
b. P J Nayak Committee
c. Urjit Patel Committee
d. Janak Raj Committee
Q – External Benchmarking
Match the sectors with their regulators
Committee Objective
1). Janak Raj Committee A). Financial Inclusion
2). Nachiket Mor Committee B). External Benchmarking
3). P J Nayak Committee C). Committee on Financial System
4). Narasimhan Committee D). Bank Governance

a. 1-A 2-B 3-C 4-D
b. 1-B 2-A 3-D 4-C
c. 1-C 2-D 3-A 4-B
d. 1-B 2-C 3-D 4-B
Q - Janak Raj Committee
1. MCLR is the highest rate of interest charged by the bank on the loans.
2. MCLR has been introduced in order to make the process of lending
rates transparent and fair.
a. 1 is correct
b. 2 is correct
c. Both are correct
d. Both are false
Q - P J Nayak Committee
Which of the following is/are recommendations of P J Nayak Committee
1. Repeal Bank Nationalization Act.
2. Set up a Bank Holding Company/Bank Investment Company which will
act as a firewall between public sector banks and private sector banks.
a. 1 is correct
b. 2 is correct
c. Both are correct
d. Both are false
Q - Ramesh Chand Committee - WPI
rebasing and shift to PPI
1. The WPI is published with a base year of 2004-05.
2. The highest weightage has been given for the manufacturing group
in WPI.
a. 1 is correct
b. 2 is correct
c. Both are correct
d. Both are false
Q - Ramesh Chand Committee - WPI
rebasing and shift to PPI
1. The PPI is used as an indicator of inflation in the market.
2. B N Goldhar Committee earlier has recommended PPI.
a. 1 is correct
b. 2 is correct
c. Both are correct
d. Both are false
Q - Internal Working Group (IWG) - M K
Jain Committee
Consider the following statement(s) about agriculture census 2015-16
1. The small and marginal holdings have increased compared to the last
agriculture census.
2. The medium and semi-medium holdings makes up the largest number
holdings.
a. 1 is correct
b. 2 is correct
c. Both are correct
d. Both are false
Q - Internal Working Group (IWG) - M K Jain Committee
1. The PSL of 40% is uniformly applicable to all the banks in India.
2. The highest allocation under this has been provided for agriculture
sector.
a. 1 is correct
b. 2 is correct
c. Both are correct
d. Both are false
Q - Baba Kalyani Report on SEZ
Which of the following statement(s) is/are true
1. The SEZs are duty free industrial parks.
2. Imports done by SEZ units do not require import license.
3. 100% FDI in manufacturing is allowed.
a. 1
b. 1 and 2
c. 1 and 3
d. 1, 2 and 3
15th Finance commission
1. The devolution to the states has been increased by 100 bps to 43%.
2. The commission has recommended a debt trajectory roadmap till
2025.
a. 1 is correct
b. 2 is correct
c. Both are correct
d. Both are false
15th Finance Commission
● Report for FY21 has been submitted and the second report for the period of
2021 to 2026 would be submitted 30th October 2020
● Highlights
● After factoring in the conversion of state of J&K into 2 Union Territories, FC
reduced the share of states in the divisible pool of central taxes by one
percentage point to 41%.
● The 15th Finance Commission used the following criteria while determining
the share of states
● 45% for the income distance
● 15% for the population in 2011
● 15% for the area
● 10% for forest and ecology
● 12.5% for demographic performance
● 2.5% for tax effort
Which of the following parameters have been considered to provide for
devolution of tax revenues to the states
1. Population 0f 2011
2. Income distance
3. Area
4. Forest
5. Tax effort
a. 1, 2 and 3
b. 2, 3 and 4
c. 1, 2, 3 and 4
d. 1, 2, 3, 4 and 5
Which of the following grants have been recommended under the 15th FC
1. Revenue deficit grants
2. Disaster management grant
3. Sector specific grants
4. Performance based grant
5. Grants to the local bodies
a. 1, 2 and 3
b. 2, 3 and 4
c. 1, 2, 3 and 4
d. 1, 2, 3, 4 and 5
Q – U K Sinha Committee
1. MUDRA is wholly owned subsidiary of SIDBI.
2. Under PMMY loans of value up to ₹ 20 lakh are provided.
a. 1 is correct
b. 2 is correct
c. Both are correct
d. Both are false
• Parameters considered
• Total outside liabilities to adjusted tangible networth
• Total debt to earnings before interest, taxes, depreciation, and
amortization (Ebitda)
• Current ratio
• Debt service coverage ratio (DSCR)
• Average debt service coverage ratio (ADSCR)
Other Important Committees
Committee Objective
Sushil Kumar Modi Committee Revenue Shortfall of GST
Rajiv Gauba Committee Stress in the telecom sector
Atul Sahai Committee Trade Credit insurance guidelines
U K Sinha committee Group insolvency
V G Kannan Committee Interchange fees
Sanjeev Sharma Reducing tax litigation
Y H Malegam Committee Concurrent audit system
T N Manoharan Committee Secondary Market for corporate
loans
Nachiket Mor Committee Financial Inclusion
EoDBR
1. It is published annually by World Bank.
2. India’s ranking as per the latest report is 63rd
a. 1 is correct
b. 2 is correct
c. Both are correct
d. Both are false
FX Report – Currency Monitoring watch list
1. It is published annually by IMF.
2. It is published annually.
a. 1 is correct
b. 2 is correct
c. Both are correct
d. Both are false
Special 301 Report
1. It is published Ministry of Corporate Affairs (GoI).
2. It is released annually.
3. It identifies trading partners who do not enforce the IPR effectively.
a. 1 is correct
b. 1 and 2 are correct
c. 2 and 3 are correct
d. 1, 2 and 3 are correct
World Investment Report
1. It is published annually by World Bank.
2. Its focus is on trends of FDI flows.
a. 1 is correct
b. 2 is correct
c. Both are correct
d. Both are false

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