Economics Miscellaneous (Part – III)

Total Questions: 50

31. Which one of the following pairs is not correctly matched? [U.P.P.C.S. (Mains) 2008]

(a) Goiporia Committee-Banking Service Improvement
(b) Nanjundappa Committee - Railway Fare
(c) Rangarajan Committee - Balance of Payments
(d) Rekhi Committee - Simplification of Export & Import

Correct Answer: (d) Rekhi Committee - Simplification of Export & Import

Solution:Rekhi Committee is not related to simplification of Export and Import. It was related to indirect taxes. Rekhi Committee was constituted in 1992. Pairs of remaining three options are correctly matched.

32. Which of the following committees submitted a report on gas pricing, recommending complete pricing freedom from January 1, 2026? [B.P.S.C. (Pre) 2022]

Correct Answer: (c) Kirit Parikh Committee

Solution:The Kirit Parikh Committee was constituted in September, 2022 to review the existing pricing formula for domestically produced natural gas in India. The committee submitted its report on 30 November, 2022, recommending a floor and ceiling price for legacy fields and complete pricing freedom starting January 1, 2026. It recommended market-determined pricing for gas produced from legacy fields by January 1, 2027.

33. 'Gadgil Committee Report' and 'Kasturirangan Committee Report', sometimes seen in the news, are related to: [I.A.S. (Pre) 2016]

(a) Constitutional Reforms
(b) Ganga Action Plan
(c) Linking of rivers
(d) Protection of Western Ghats

Correct Answer: (d) Protection of Western Ghats

Solution:Gadgil Committee Report and Kasturirangan Committee Report are related to protection of Western Ghats. The Committee headed by ecologist Madhav Gadgil also known as the Western Ghats Ecology Expert Panel (WGEEP) recommended that all of the Western Ghats be declared as the Ecologically Sensitive Area (ESA) with only limited development allowed in graded zones. The Committee under the Chairmanship of K. Kasturirangan was constituted to examine the WGEEP report. Kasturirangan Committee in its report (2013) sought to balance the development and environment protection and recommended that instead of the total area of Western Ghats, only 37% of the area to be brought under ESA.

34. Match List-I with List-II: [B.P.S.C. (Pre) 2022]

List-I (Commission)	List-II (Objective)
A. Sarkaria Commission	To Review the Methodology for Measurement of Poverty
B. C. Rangarajan Committee	Infrastructure Financing
C. Parekh Committee	Central-State Relationship
D. Narasimham Committee	Banking Sector Reforms

Choose the correct answer from the options given below:

Correct Answer: (a)

Solution:The correctly matched lists are as follows:

(Commission)	(Objective)
A. Sarkaria Commission	Central-State Relationship
B. C. Rangarajan Committee	To Review the Methodology for Measurement of Poverty
C. Parekh Committee	Infrastructure Financing
D. Narasimham Committee	Banking Sector Reforms

35. Which of the following pairs is not correctly matched? [U.P.U.D.A./L.D.A. (Spl.) (Pre) 2010]

Committee	Concerned Issue
(a) Goswami Committee	Problem of Industrial Sickness
(b) Janakiraman Committee	Stock Market Scam
(c) Malhotra Committee	Insurance Sector Reforms
(d) Tarapore Committee	Customer Service in Banks

Correct Answer: (d)

Solution:Tarapore Committee was constituted to propose a roadmap for full convertibility of the rupee on the capital account. The pairs of other options are correctly matched.

36. Match List-I with List-11 and select the correct answer Watch the items in List-I using the codes given below the lists: [U.P.P.C.S. (Mains) 2015]

List-I (Committee)	List-II (Concerned with)
A. Dutt Committee (1969)	1.Industrial licensing
B. Wanchoo Committee (1971)	2. Direct Tax
C. Rajamannar Committee (1971)	3. Centre-State relations
D. Chakravarty Committee (1985)	4. Monetary policy

Codes:

A	B	C	D
(a) 1	2	3	4
(b) 1	2	4	3
(c) 4	3	2	1
(d) 4	1	3	2

Correct Answer: (a)

Solution:The correctly matched lists are as follows:

(Committee)	(Concerned with)
Dutt Committee (1969)	Industrial licensing
Wanchoo Committee (1971)	Direct Tax
Rajamannar Committee (1971)	Centre-State relations
Chakravarty Committee (1985)	Monetary policy

37. Match the Column A with Column B and select the correct answer using the codes given below: [J.P.S.C. (Pre) 2016]

List-I	List-II
A. Chakravarty Committee	(i) Tax Reforms
B. Narasimham Committee	(ii) Poverty Estimation
C. Tendulkar Committee	(iii) Banking Sector Reforms
D. Chelliah Committee	(iv) Financial Sector Reforms

Codes:

Codes	A	B	C	D
(a)	iii	ii	i	iv
(b)	iv	i	iii	ii
(c)	ii	iii	iv	i
(d)	iv	iii	ii	i

Correct Answer: (d)

Solution:The correctly matched lists are as follows:

List-I	List-II
Chakravarty Committee	Financial Sector Reforms
Narasimham Committee	Banking Sector Reforms
Tendulkar Committee	Poverty Estimation
Chelliah Committee	Tax Reforms

38. Match the items in List-I with the items in List-II and select the correct answer using the codes given below: [R.A.S/R.T.S. (Pre) (Re-Exam) 2013]

List-I (Specialization)	List-II (Name)
A. Taxation	i. M. Govinda Rao
B. Agriculture	ii. C. Rangarajan
C. Monetary Policy	iii. Arvind Panagariya
D. Indian Economic Planning and State Level Reforms	iv. Ashok Gulati
E. Fiscal Policy	v. Parthasarthi Shome

Codes:

Codes	A	B	C	D	E
(a)	v	iv	iii	ii	i
(b)	ii	iv	i	iii	v
(c)	i	iv	iii	ii	v
(d)	v	iv	ii	iii	i

Correct Answer: (d)

Solution:Ashok Gulati is an Agricultural economist and former Chairman of CACP (Commission for Agricultural Costs and Prices). Parthsarthi Shome was the Chairman of Tax Administration Reform Commission (TARC). C. Rangarajan is former governor of RBI. While Arvind Panagariya was first Vice-chairman of NITI Aayog. M. Govinda Rao was member of the 14th Finance Commission. Before this he was the Director of 'National Institute of Public Finance and Policy'.

39. Match the following: [J.P.S.C. (Pre) 2016]

Year	Committee
(A) 1949-51	(a) Local Finance Enquiry Committee
(B) 1953-54	(b) Taxation Enquiry Commission
(C) 1963-66	(c) Rural-Urban Relationship Committee
(D) 1985-88	(d) National Commission on Urbanization

Codes:

	1	2	3	4
(a)	A	B	C	D
(b)	B	C	D	A
(c)	C	D	A	B
(d)	D	C	B	A

Correct Answer: (a)

Solution:The correctly matched columns are as follows:

Year	Committee
1949-51	Local Finance Enquiry Committee
1953-54	Taxation Enquiry Commission
1963-66	Rural-Urban Relationship Committee
1985-88	National Commission on Urbanization

40. Match the Column A with Column B and select the correct answer using the codes given below: [B.P.S.C. (Pre) 2015]

Column A	Column B
A. National Agricultural Policy	1. 2004
B. Marine Fishing Policy	2. 1978
C. Foreign Trade Policy	3. 2000
D. Seventh Finance Commission	4. 2014

Codes:

	A	B	C	D
(a)	2	1	3	4
(b)	4	3	1	2
(c)	1	4	2	3
(d)	3	1	4	2

Correct Answer: (d)

Solution:The correctly matched columns are as follows:

Column A	Column B
A. National Agricultural Policy	2000
B. Marine Fishing Policy	2004
C. Foreign Trade Policy	2014
D. Seventh Finance Commission	1978

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Economics Miscellaneous (Part – III)

31. Which one of the following pairs is not correctly matched? [U.P.P.C.S. (Mains) 2008]

32. Which of the following committees submitted a report on gas pricing, recommending complete pricing freedom from January 1, 2026? [B.P.S.C. (Pre) 2022]

33. 'Gadgil Committee Report' and 'Kasturirangan Committee Report', sometimes seen in the news, are related to: [I.A.S. (Pre) 2016]

34. Match List-I with List-II: [B.P.S.C. (Pre) 2022]

35. Which of the following pairs is not correctly matched? [U.P.U.D.A./L.D.A. (Spl.) (Pre) 2010]

36. Match List-I with List-11 and select the correct answer Watch the items in List-I using the codes given below the lists: [U.P.P.C.S. (Mains) 2015]

37. Match the Column A with Column B and select the correct answer using the codes given below: [J.P.S.C. (Pre) 2016]

38. Match the items in List-I with the items in List-II and select the correct answer using the codes given below: [R.A.S/R.T.S. (Pre) (Re-Exam) 2013]

39. Match the following: [J.P.S.C. (Pre) 2016]

40. Match the Column A with Column B and select the correct answer using the codes given below: [B.P.S.C. (Pre) 2015]

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