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Arrange the following committees formed for small scale sector in chronological order and select the correct answer from the codes given below:
I. Nayak Committee
II. Abid Hussain Committee
III. S. S. Kohli Committee
IV. Karve Committee
Codes:
- a)I, II, IV, III
- b)III, II, I, IV
- c)IV, I, II, III
- d)I, II, III, IV
- e)None of these
Correct answer is option 'C'. Can you explain this answer?
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Arrange the following committees formed for small scale sector in chro...
- The correct sequence is Karve Committee(1955), Nayak Committee(1991), Abid Hussain Committee(1997), S. S. Kohli Committee(2000).
Important Points
- The Karve Committee
- The Karve Committee is also known as the village and small-scale industries committee was set up in 1955.
- It was set up to find out the potential of utilizing small scale industry for promoting rural development.
- Nayak Committee
- The Reserve Bank of India constituted on 9 December 1991, a Committee under the Chairmanship of Shri P.R. Nayank, Deputy Governor to examine the difficulties confronting the small-scale industries (SSI) in the country in the matter of securing finance.
- Abid Hussain Committee
- The Abid Hussain Committee on SSIs (1997) examined the problems of the SSI sector.
- The Abid Hussain Committee Report on Trade Policy Reform and the Abid Hussain Committee Report on Small Scale Industries have been regarded as milestones in India's economic reforms.
- S. S. Kohli Committee
- The RBI in November 2000 had appointed the working group under the chairmanship of SS Kohli the chairman of the Indian Bank Association to review the existing guidelines in regard to rehabilitation of sick units in the small-scale industrial sector and to recommend the revision of the guidelines making them transparent and non-discretionary.
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Arrange the following committees formed for small scale sector in chro...
The correct chronological order of the committees formed for the small-scale sector is as follows:
IV. Karve Committee (First)
I. Nayak Committee (Second)
II. Abid Hussain Committee (Third)
III. S. S. Kohli Committee (Fourth)
- Karve Committee (IV): The Karve Committee was formed in 1946 and was the first committee to be established for the small-scale sector. The committee was headed by G. V. Karve and was set up to study the problems faced by small-scale industries and recommend measures for their development.
- Nayak Committee (I): The Nayak Committee, also known as the Committee on the Development of Small-Scale Industries, was constituted in 1957. It was headed by S. P. Nayak and was formed to review the progress of the small-scale sector and suggest measures for its growth and development.
- Abid Hussain Committee (II): The Abid Hussain Committee, also known as the Committee on Small-Scale Industries and Auxiliary Development, was set up in 1991. It was chaired by Abid Hussain and its objective was to review the policies and programs related to the small-scale sector and recommend measures for its promotion and modernization.
- S. S. Kohli Committee (III): The S. S. Kohli Committee, also known as the Committee on Financial Assistance to Small-Scale Industries, was formed in 1995. It was headed by S. S. Kohli and its main focus was to examine the various schemes and programs for providing financial assistance to small-scale industries and suggest improvements.
Therefore, the correct chronological order of the committees formed for the small-scale sector is IV, I, II, III.
IV. Karve Committee (First)
I. Nayak Committee (Second)
II. Abid Hussain Committee (Third)
III. S. S. Kohli Committee (Fourth)
- Karve Committee (IV): The Karve Committee was formed in 1946 and was the first committee to be established for the small-scale sector. The committee was headed by G. V. Karve and was set up to study the problems faced by small-scale industries and recommend measures for their development.
- Nayak Committee (I): The Nayak Committee, also known as the Committee on the Development of Small-Scale Industries, was constituted in 1957. It was headed by S. P. Nayak and was formed to review the progress of the small-scale sector and suggest measures for its growth and development.
- Abid Hussain Committee (II): The Abid Hussain Committee, also known as the Committee on Small-Scale Industries and Auxiliary Development, was set up in 1991. It was chaired by Abid Hussain and its objective was to review the policies and programs related to the small-scale sector and recommend measures for its promotion and modernization.
- S. S. Kohli Committee (III): The S. S. Kohli Committee, also known as the Committee on Financial Assistance to Small-Scale Industries, was formed in 1995. It was headed by S. S. Kohli and its main focus was to examine the various schemes and programs for providing financial assistance to small-scale industries and suggest improvements.
Therefore, the correct chronological order of the committees formed for the small-scale sector is IV, I, II, III.
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Arrange the following committees formed for small scale sector in chronological order and select the correct answer from the codes given below:I. Nayak CommitteeII. Abid Hussain CommitteeIII. S. S. Kohli CommitteeIV. Karve CommitteeCodes:a)I, II, IV, IIIb)III, II, I, IVc)IV, I, II, IIId)I, II, III, IVe)None of theseCorrect answer is option 'C'. Can you explain this answer?
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