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Committees Current Affairs Quiz - October 2017

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1. 21-member Committee on corporate governance headed by ___________ submitted its report to Securities and Exchange Board of India (SEBI). Rcommendations Include -

  1. Separation of roles - Roles of chairman and managing director at listed firms should be separated and chairmanship should be limited to only non-executive directors.
  2. Minimum board strength - Should be increased to 6 members and at least one woman should be appointed as independent director.
  3. Independent Directors - At least half of board members to be independent directors at listed companies.
  4. Shareholder meeting and cash flow statement - Top 100 firms by market capitalisation should webcast shareholder meeting and all listed firms should have cash flow statement every six months.
  5. Credit ratings - Updated list of all credit ratings obtained by the listed entity must be made available at one place, which would be very helpful for investors and other stakeholders.
  6. Minimum remuneration - Independent directors must get minimum remuneration of Rs 5 lakh per annum and sitting fee of Rs 20,000-50,000 for each board meet.
  7. Risk management and IT committee - Top-500 listed companies should have risk management committee of boards for cyber security.
Uday Kotak
Raghuram Rajan
Arvind Mayaram
Sekhar Basu
None of These


2. 5 member committee headed by Prasar Bharati Chairman ____________ has been formed to select editor-in-chief of Rajya Sabha TV (RSTV) ?

Vijay Keshav Gokhale 
D.M. Mulay  ( IFS..19
A Surya Prakash
Ashok Lavasa
None of These


3. A Parliamentary Committee under ___________ has been formed to examine operational preparedness of armed forces ?

Pradeep Kumar Sinha
A.R.K. Kini 
Nripendra Mishra
B C Khanduri 
None of These


4. An Internal Committee has been formed by External Affairs Ministry to examine India-China relations. It will be headed by ___________ and will primarily Focus on Doklam and Rohingya Muslims Issues. ?

Susheel Kumar
Trilochan Mohapatra
Devendra Chaudhary
Rajeev Kapoor
Shashi Tharoor


5. Committee headed by ___________ submitted its report on review of on Section 66A of the IT Act. It was constituted after Supreme Court struck down controversial Section 66A of IT Act in 2015.

  1. Section 66A of the IT Act deals with arrests of people for posting content deemed to be allegedly objectionable on Internet.
Ramesh Abhishek
Avinash K. Srivastava
T K Viswanathan
Injeti Srinivas
None of These


6. GST Council constituted a Group of Ministers (GoM) to make GST composition scheme more attractive, to be headed by ______________ Finance Minister Himanta Biswa Sarma.

  1. Committee will look to make GST Composition Scheme more attractive as only 15.50 lakh businesses out of total 98 lakh GST registered ones opted for composition scheme.
  2. GoM will also revisit tax structure of different categories of restaurants in order to rationalise rates which is Currently 12% on non-AC restaurants and 18% on air-conditioned ones.
  3. GST Composition scheme -
    1. It is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs 75 lakh (Rs 50 lakh in case of 8 north-eastern states and hilly state of Himachal Pradesh). Its aims to bring simplicity for small taxpayers as manufacturers have to pay 2% tax on their annual turnover and file returns quarterly. The tax rate is 5% for restaurant services and 1% for traders ?
Assam
Meghalaya
Bihar
Jharkhand
None of These


7. Government appointed Committee on Haj Policy recommended phasing out Haj pilgrims' subsidy and allowing women devotees above 45 years to travel in a group of at least 4 without a male. Panel was headed by __________ ?

Mukhtar Abbas Naqvi
Afzal Amanullah
S.K. Kohli 
Ashok Kumar Gupta
None of These


8. Government constituted a high-level committee for proper management of water resources in the North Eastern Region (NER), under Chairmanship of Vice-Chairman in Niti Aayog (______________) ?

Rajiv Kumar
Arvind Mayaram
Sanjay Mitra 
S. Christopher
None of These


9. Home Ministry formed study group under _____________, to examine problems faced by people residing near International Border (IB) and Line of Control (LOC) in Jammu and Kashmir ?

Rina Mitra
Sanjay Mitra
Naveen Verma
M. Nair Rajeevan
None of These


10. Law Ministry created a panel (Second National Judicial Pay Commission) to recommend new salary structure for 21000 judges of lower courts in India. It will be headed by Former SC judge _________________ and will submit its recommendations in early 2019 ?

S. Jaishankar 
Altamas Kabir
C K Mishra
PV Reddi
None of These


11. President Ram Nath Kovind appointed a 5 member Committee headed by ____________ to examine subcategorisation of Other Backward Classes (OBCs), to ensure more backward among OBC communities can avail benefits of reservation ?

Hasmukh Adhia 
Vijay Keshav Gokhale 
D.M. Mulay
G Rohini
None of These


12. Reserve Bank of India (RBI) panel on external benchmark rate for banks headed by ___________ submitted its report. Panel observed that several practices including violation of RBI guidelines, inflating of base rate and arbitrary adjustment of spreads are prevalent among major banks in India. ?

Jagdish Prasad Meena
Janak Raj
Preeti Sudan
Soumya SwaminathanB
None of These


13. Reserve Bank of India constituted a 10-member High Level Task Force on Public Credit Registry (PCR) for India, which will suggest a roadmap for developing a transparent, comprehensive and near-real-time PCR for India. It will be Headed by ___________ ?

M. Nair Rajeevan
Parameswaran Iyer
Asha Ram Sihag
N K Sinha
YM Deosthalee




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