Question : Which committee recommended the formation of a new category of NBFC i.e., Non-Banking Financial Company-Micro Finance Institution?
Option 1: Shah Committee
Option 2: Malegam Committee
Option 3: Kamath Committee
Option 4: Hussain Committee
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Correct Answer: Malegam Committee
Solution : The correct answer is the Malegam Committee.
Malegam Committee introduced a new category of Non-Banking financial company - Micro Finance Institution. The Reserve Bank of India set up a sub-committee for the creation of a separate category of NBFCs. The committee recommended conditions to be satisfied for NBFCs to be classified as NBFC-MFI. Microfinance term was first used in the 1970s during the development of the Gramin Bank of Bangladesh by the microfinance Pioneer Muhammad Yunus.
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Question : Which of the following committees was constituted to study the issues and concerns in the Micro Finance Institution in 2010?
Option 1: Ghosh Committee
Option 2: Sivaraman Committee
Option 3: Malegam Committee
Option 4: Khan Committee
Question : MUDRA is a financial institution set up by the Government of India for the development and refinancing of micro-unit enterprises. The full form of MUDRA is:
Option 1: Micro Urban Development & Refinance Agency
Option 2: Micro Units Development & Refinance Agency
Option 3: Micro Finance Usage Development & Refinance Agent
Option 4: Medium Units Development & Refinance Agency
Question : Which of the following committees recommended the inclusion of fundamental duties in the Constitution of India?
Option 1: Swaran Singh Committee
Option 2: Sarkaria Commission
Option 3: Rajamannar Committee
Option 4: Balwant Rai Mehta Committee
Question : Which one is not included in Non-Banking Financial Institutions (NBFIs)?
Option 1: EXIM
Option 2: SIDBI
Option 3: NABARD
Option 4: BOI
Question : Which one of the following Committees is described as the 'twin sister' of the Estimates Committee?
Option 1: Public Accounts Committee
Option 2: Committee on Public Undertakings
Option 3: Departmental Standing Committee
Option 4: Privilege Committee
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