Q11. The KV Kamath Committee was formed to set parameters for:
a) Loan Restructuring
b) Agricultural reforms
c) Digital education initiatives
d) Urban development projects
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Correct Answer: a) Loan Restructuring
Explanation: The KV Kamath Committee was established to set parameters for loan restructuring, to undertake a process validation of resolution plans for borrowal accounts above a specified threshold.
Q12. The Pradip Shah Committee was constituted to:
a) Develop international retail business at the International Financial Services Centre (IFSC)
b) Investigate the coal block allocation scam
c) Suggest reforms in the Indian Administrative Service
d) Review the policies related to environmental protection
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Correct Answer: a) Develop international retail business at the International Financial Services Centre (IFSC)
Explanation: The Pradip Shah Committee was formed to develop international retail business at the International Financial Services Centre (IFSC).
Q13. The GK Pillai Committee was established to decide ceiling rates under:
a) The duty reimbursement scheme for exporters
b) The Goods and Services Tax (GST) for small businesses
c) The income tax for individuals
d) The corporate tax for multinational companies
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Correct Answer: a) The duty reimbursement scheme for exporters
Explanation: The GK Pillai Committee was established to decide ceiling rates under the duty reimbursement scheme for exporters.
Q14. The Ramesh Chand Committee was associated with which industry?
a) Sugarcane and Sugar Industry
b) Textile Industry
c) Information Technology Industry
d) Pharmaceutical Industry
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Correct Answer: a) Sugarcane and Sugar Industry
Explanation: The Ramesh Chand Committee, with Niti Aayog Member (Agriculture) Ramesh Chand, recommended linking sugarcane prices to the sugar rate to maintain the financial state of the sugarcane and sugar industry.
Q15. The Committee on Business Responsibility Reporting was headed by:
a) Rajesh Verma
b) Madhabi Puri Buch
c) Rajiv Mehrishi
d) KV Kamath
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Correct Answer: a) Rajesh Verma
Explanation: The Committee on Business Responsibility Reporting, headed by Rajesh Verma, was established to develop new Business Responsibility Reporting (BRR) formats for listed and unlisted companies.
Q16. The Committee on TRP ratings was established to:
a) Review the guidelines on television rating agencies
b) Suggest reforms in the broadcasting sector
c) Investigate allegations of manipulation in TRP ratings
d) All of the above
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Correct Answer: d) All of the above
Explanation: The Committee on TRP ratings, headed by Shashi S Vempati, was established to review the guidelines on television rating agencies, suggesting reforms in the broadcasting sector, and investigating allegations of manipulation in TRP ratings.
Q17. The Arun Goel Committee was formed to strengthen which sector?
a) Capital Goods (CG) Sector
b) Agricultural Sector
c) Education Sector
d) Healthcare Sector
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Correct Answer: a) Capital Goods (CG) Sector
Explanation: The Arun Goel Committee was formed to strengthen the Capital Goods (CG) Sector and contribute more actively to the national goal of achieving a $5 trillion economy.
Q18. The P K Mohanty Committee was established to review:
a) Ownership guidelines and corporate structure for Indian Private Sector Banks
b) Policies related to foreign direct investment
c) Guidelines for public sector enterprises
d) Regulations for the stock market
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Correct Answer: a) Ownership guidelines and corporate structure for Indian Private Sector Banks
Explanation: The P K Mohanty Committee was established to review present ownership guidelines and corporate structure for Indian Private Sector Banks.
Q19. The Rajesh Pant Expert Committee was set up to evaluate the implications of digital surveillance by:
a) Facebook
b) Data Information Technology Co. Limited
c) Google
d) Amazon
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Correct Answer: b) Data Information Technology Co. Limited
Explanation: The Rajesh Pant Expert Committee was set up to evaluate the implications of digital surveillance by Data Information Technology Co. Limited and assess any violations of law.
Q20. The Rajiv Mehrishi Committee was constituted to measure the impact on the national economy of:
a) Waiving of interest and interest on interest
b) Demonetization
c) Implementation of GST
d) Foreign investments
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Correct Answer: a) Waiving of interest and interest on interest
Explanation: The Rajiv Mehrishi Committee was constituted to measure the impact on the national economy and financial stability of waiving interest and interest on interest during the moratorium period announced due to the COVID-19 pandemic.