RECENT RBI COMMITTEES AND THEIR CHAIRMEN

• Capacity Building in Banks and non-banks - Shri G Gopalakrishna
• Implementation of Counter- cyclica l Capital buffer - Shri B. Mahapatra 
• Data and Information Management in the RBI – Shri D.K.Mohanty
• To Review Governance of Boards of Banks in India – Dr. P.J.Nayak
• Working Group on Resolution regime for Financial institutions - Shri Anand Sinha
• Report of the GIRO Advisory Group – Prof Umesh Bellur 
• Report of the Group on Enabling PKI in Payment sysyem application - Dr Anil Kumar Sharma
• Report of the Working Group on Pricing of Credit - Shri Anand Sinha 
• Report of the Committee on Financial Benchmarks - Shri P. Vijaya Bhaskar
• Report of the Technical Committee on Mobile Banking - Mr. B Sambamurthy 
• To Revise and Strengthen the Monetary Policy Framework - Dr. Urjit Patel
• Comprehensive Financial Services for Small Businesses and Low Income household – Dr. Nachiket Mor
• Draft report of committee on Financial Benchmark - Shri P. Vijaya Bhaskar
• Committee to review the form of presentation of the Balance sheet and profit-loss account - Shri Y. H. Malegam
• To study the feasibility of implementation of GIRO based payment system in India - Shri G. Padmanabhan

List of CM and Governor

State	Chief Minister	Governor
Andhra Pradesh	N.Chandrababu Naidu	E.S.L Narasimhan
Arunachal Pradesh	Naman Tuki	Nirbhay Sharma
Assam	Tarun Gogoi	Janaki Ballabh Patnaik
Bihar	Jitan Ram Manjhi	D. Y. Patil
Chhattisgarh	Raman Singh	Balramji Das Tandon
Delhi	Vacant(President's rule)	Mridula sinha
Goa	Laxmikant Parsekar	Om Prakash Kohli
Gujarat	Anandiben Patel	Kaptan Singh Solanki
Haryana	Manohar Lal Khattar	Kaptan Singh Solanki
Himachal Pradesh	Virbhadra Singh	Urmila Singh
Jammu and Kashmir	Omar Abdullah	Narinder Nath Vohra
Jharkhand	Hemant Soren	Syed Ahmed
Karnataka	Siddaramaiah	Vajubhai Vala
Kerala	Oommen Chandy	P Sathasivam
Madhya Pradesh	Shivraj Singh Chouhan	Ram Naresh Yadav
Maharashtra	Devendra Fadnavis	C Vidyasagar Rao
Manipur	Okram Ibobi Singh	Krishan Kant Paul
Meghalaya	Mukul Sangma	Krishan Kant Paul
Mizoram	Lal Thanhawla	Krishan Kant Paul
Nagaland	T. R. Zeliang	Padmanabha Acharya
Odisha	Naveen Patnaik	S. C. Jamir
Puducherry	N. Rangaswamy	Ajay Kumar Singh
Punjab	Parkash Singh Badal	Shivraj Patil
Rajasthan	Vasundhara Raje	Kalyan Singh
Sikkim	Pawan Kumar Chamling	Shriniwas Dadasaheb Patil
Tamil Nadu	O. Panneerselvam	K. Rosaiah
Telanghana	K. Chandrashekar Rao	E. S. L. Narasimhan
Tripura	Manik Sarkar	Padmanabha Acharya
Uttar Pradesh	Akhilesh Yadav	Ram Naik
Uttarkhand	Harish Rawat	Aziz Qureshi
West Bengal	Mamata Banerjee	Keshari Nath Tripathi

Maharastra and Haryana Election Result may make changes in CM of two States

IMPORTANT TRICKS TO REMEMBER TAXES useful for SSC UPSC PSC

DIRECT TAXES :- "wepro.co.in"

We---wealth tax
Pro---property tax
Co----corporate tax 
In-----income tax

INDIRECT TAXES :- "excuse me"

Ex------excise tax
Cu-------custom tax 
Se-------service tax 
M-------market tax/VAT
E--------entertainment tax

NOBEL PRIZE WINNERS 2014

For Medicine and Physiology: 

• John O’Keefe
• May-Britt Monser
• Edvard I. Monser

The Nobel Prize “for the discoveries of cells that constitute a positioning system in the brain.”

For Physics: 

• Isamu Akasaki
• Hiroshi Amano
• Shuji Nakamura

The Nobel prize for the invention of "efficient blue light-emitting diodes which has enabled bright and energy-saving white light sources.”

For Chemistry: 

• Eric Betzig
• Stefan W. Hell
• William E. Moerner

The Nobel Prize was awarded to them “for the development of super-resolved fluorescence microscopy”

For Literature:

• Patrick Modiano

The Nobel Prize in Literature 2014 was awared “for the art of memory with which he has evoked the most ungraspable human destinies and uncovered the life-world of the occupation”

For Peace: 

• Kailash Satyarthi 
• Malala Yousafzai

The Nobel Peace Prize 2014 was awarded “for their struggle against the suppression of children and young people and for the right of all children to education”

For Economics: 

• Jean Tirole

 The Nobel Peace Prize 2014 was awarded  "for his analysis of market power and regulation".

Nobel Prize 2014

Recent Committees and Commissions 2014 MCQ

 1. Which panel recommended that the customers should not be required to visit the bank branch for mobile number registration and favored single mobile banking app on all SIMs ?
1. Nachiket Mor
2. Vishnusahay 
3. B. Sambamurthy
4. A. P. Shah
5. Bimal Jalan
Ans : B. Sambamurthy
2. What is the purpose of Vishnu Sahay Committee ?
1. Look into the Disukhnagar Blasts case 2013
2. Look into Money laundering
3. Look into fake currency issues
4. None of these
5. Look probe into the Muzaffarnagar communal Violence
Ans : Look probe into the Muzaffarnagar communal Violence
3. Reconstituted the advisory board on bank, commercial and financial frauds headed by ? 
1. Usha THorat
2. Prathip Chaudhuri
3. Shyamala Gopinath
4. Chandra Kochhar
5. None
Ans : Shyamala Gopinath 
4. High powered committee headed by _________ will submit recommendations of merger of SBI Associates
with SBI ? 
1. K. Ranganathan
2. Prathip Chaudhuri
3. S Vishwanathan
4. Rajyam Bhaskar
5. None
Ans : S Vishwanathan
5. Recently which Panel has submitted its report on the alleged irregularities at the National Spot Exchange Ltd (NSEL) ? 
1. Sambhamurthi Panel
2. Govindarajan Panel
3. Sukhwinder Singh Panel
4. Arvind Mayaram Panel
5. Mayavati Panel
Ans : Arvind Mayaram Panel
6. Who heads the RBI panel recently said that to encourage housing activity, introduction of fixed- rate loans for up to 30 years ?
1. A. Prabhakar
2. Alok Kumar Mishra
3. K. K. Vohra
4. M. D. Mallaya
5. Narendra Singh 
Ans : K. K. Vohra
7. R. J. Kamath given recommendations on ?
1. Home Loan
2. Travel Loan 3. Education Loan
4. Consumption Loan
5. None
Ans : Education Loan
8. Narasimhan Committee relates to banking reforms, Usha Thorat committee deals with Financial Inclusion, Rajmannar committee recommends on ?
1. Inspection of Banks in North- Eastern states
2. Individual Bank applications regarding branch license
3. Issuing of Demand Draft
4. Changes in Banking Laws and regarding cheque bounce
5. None
Ans : Changes in Banking Laws and regarding cheque bounce
9. Who heads the committee for giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII) ?
1. Suman Verma
2. Damodaran
3. Y V Reddy
4. Arvind Mayaram
5. K Thorat
Ans : Arvind Mayaram
10. High level panel headed by Deepak Parekh has recommended increasing tariff for both the imported
coal- based thermal station. Deepak Parekh is ?
1. Chairman, PMEC
2. Chairman, NSE
3. Chairman, HDFC
4. Chairman, TCS
5. None 
Ans : Chairman, HDFC
11. Who heads the committee on comprehensive financial services for small business and low income households ?
1. B Sambamurthy
2. A P Shah
3. Nachiket Mor
4. Vishnusahay
5. Bimal Jalan 
Ans : Nachiket Mor
12. Who is the head of the panel on Road Safety ?
1. Nachiket Mor
2. B Sambamurthy 
3. A P Shah
4. Vishnusahay
5. Bimal Jalan
Ans : A P Shah
13. The committee headed by Anil Kaushal is going to examine the recommendations made by which organization on pricing of Spectrum ?
1. BSNL
2. SEBI
3. TROY 
4. TRAI
5. NABARD
Ans : TRAI (Telecom Regulatory Authority of India)
14. Who heads the panel to scrutinize applications for new bank licenses ?
1. Gokarnan
2. Sambasivam
3. Vishnusahay
4. Dileep Modi
5. Bimal Jalan
Ans : Bimal Jalan
15. Parthasarathi Shome's panel is for TARC. It suggests a system to enforce better tax compliance. Expand
TARC ?
1. Tax Advantage Remittance Commission
2. Tax Articulated Redesigning Commission
3. Tax Average Reform Commission
4. Tax Acceptance Reduction Commission
5. Tax Administration Reform Commission
Ans : Tax Administration Reform Commission
16. Empowered Committee of State's Finance Ministers on Goods and Services Tax (GST) elected
Abdul Rahim Rather as its new Chairman. He was ? 
1. Finance Minister of Rajasthan
2. Minister of State for Finance
3. Advisor to Government of INdia in Commerce and Trade
4. Chairman of Indian Overseas Bank
5. Finance Minister of Jammu & Kashmir.
Ans : Finance Minister of Jammu & Kashmir
17. To prepare a report on the socioeconomic, health and educational status of the tribal communities of India,the
government appointed a committee headed by ?
1. Ms. Sunila Basant
2. Dr. K. K. Mishra
3. Dr. Usha Ramanathan
4. Dr. Joseph Bara
5. Prof. Virginius Xaxa
Ans : Prof. Virginius Xaxa
18. Which committee has been setup by ministry of Human Resource Development to review the status of
UGC ?
1. Rakkesh Mohan COmmittee 
2. Hari Gautam Committee
3. Mohan Prakash Committee
4. Usha Thorat Committee
5. Vishnu Sahay Committee
Ans : Hari Gautam Committee
19. Which committee has been appointed by the central government to review gas pricing formula ?
1. R. K. Jain Committee
2. Thorat Committee 
3. Suresh Prabhu Committee
4. B Mahapatra Committee
5. Raja Chellaiah Committee
Ans : Suresh Prabhu Committee
20. A panel on fuel pricing has recently suggested that the diesel prices should be increased by Rs 1-1.50 a
litre every month as against the 45-50 paise monthly hike followed currently. Who is the head of this panel ?
1. Kirit Parikh
2. Ramar pillai
3. Gokarnan
4. Vishnusahay
5. Manoj Tiwari
Ans : Kirit Parikh