Direction: Read the passage below and answer the given question.
Direction: Read the passage below and answer the given question.
Finance Commission has decided to constitute a High Level Expert Group on Agriculture Exports in pursuance of its ToR i.e, to recommend measurable performance incentives for States to encourage ari exports as well as to promote crops to enable high import substitution. The Committee can seek assistance of any other institution or entity as considered appropriate for completion of the work. The Committee will submit its recommendations within three months for further consideration of the Commission.
Assess export & import substitution opportunities for Indian agricultural products (commodities, semi processed and processed) in the changing international trade scenario and suggest ways to step up exports sustainably and reduce import dependence and will also recommend strategies and measures to increase farm productivity, enable higher value addition, ensure waste reduction, strengthen logistics infrastructure etc. related to Indian agriculture, to improve the sector’s global competitiveness.
Question 1:
Who is the chairman of the Finance Commission of India at present?
A. Shaktikanta Das
B. Nand Kishore Singh
C. Y V Reddy
D. Vijay L. Kelkar
E. Dr. C Rangarajan
Right Answer is: B
SOLUTION
• The Fifteenth Finance Commission was constituted in November 2017 and is to give recommendations for devolution of taxes and other fiscal matters for five fiscal years, commencing 1 April 2020. The commission's chairman is Nand Kishore Singh.
Question 2: Who among the following is the part time member of the 15th Finance Commission?
A. Shaktikanta Das
B. Dr. Anoop Singh
C. Dr. Ramesh Chand
D. Dr. Ashok Lahiri
E. Ajay Narayan Jha
Right Answer is: C
SOLUTION
• Full time members- Shaktikanta Das,
• Dr. Anoop Singh,
• Dr. Ashok Lahiri,
• Ajay Narayan Jha
• Part time member - Dr. Ramesh Chand
Question 3: High Level Expert Group Committee on Agriculture Exports will submit its report in how many months?
A. 4 Months
B. 5 Months
C. 6 Months
D. 12 Months
E. 3 Months
Right Answer is: E
SOLUTION
• The High Level Expert Group Committee on Agriculture Exports will submit its recommendations within three months for further consideration of the Commission. The Committee can seek assistance of any other institution or entity as considered appropriate for completion of the work.
