We are giving here General Knowledge CLAT set 5 for your CLAT Exam based on the topic National Bodies of India. We hope that it will help you in your exam as General Knowledge is very important section for CLAT exam.The purpose of this section to be included in the exam is to check the level of candidate’s knowledge.
National Bodies – INDIA
NABARD (National Bank of Agricultural and Rural Development) came into existence on 12th July; 1982.It was established for providing credit for promotion of agriculture, small scale industries, handicrafts and other allied economic activities in rural areas with a view of promoting integrated rural development and securing prosperity of rural areas.
Exim Bank (Export-import Bank of India) is the principle financing institution of India for coordinating working of institutions engaged in financing export and import trade. Exim Bank was established on 1 January 1982 for financing, facilitating and promoting foreign trade in India.
SIDO stands for the Small Industry Development Organization. SIDO has been recognized as the nodal agency to support small scale industries in export promotion.
IDBI (Industrial Development Bank of India), established under the IDBI Act 1964 is the principal financial institution for providing credit and other facilities for development of Industry, coordinating working of institutions engaged in financing, promoting or developing industries and assisting development of such institutions.
Small Scale Development Bank of India.
Although LIC & GIC are engaged in life and general insurance business, both have huge funds at their disposal part of which is invested in shares and debentures of Industrial concerns and bonds of public sector enterprises. Both have, thus, become an important source of Industrial finance and have contributed to the industrial development of the country.
The RBI was established in 1935 under RBI Act as a private shareholder’ bank and nationalized in 1949. Apart from its traditional functions of a central Bank, the RBI has helped in developing and strengthening the India financial system in order to accelerate the process of economic growth. The traditional central banking operations of the RBI are:
The bank of issue with the sole right of note issue
The banker to the government
The banker’s bank and their supervisors
The custodian of foreign exchange reserve, and
The controller of credit
Atomic Energy Commission
India recognized the importance of atomic energy quite early and the atomic energy commission was set up in August 1948 to look after atomic energy activities in the country .The functions of the atomic energy Commission are:
To organize research in atomic energy for peaceful purposes
To train atomic scientists in the country
To promote nuclear research I commission’s own laboratories as well as in universities and research institution in India
To undertake prospecting of atomic minerals in India and to extract such minerals for use on industrial scale.
Commission for Agricultural Costs and Prices
The commission on Agricultural Costs and Prices (CACP), which was earlier known as Agricultural Prices Commission, advises the government on a continuing basis, about the minimum support prices for the agricultural produced. The Government fixes the procurement or sport prices for important crops on the basis of the recommendations of the CACP. While recommending the support price for a particular commodity, the Commission makes comprehensive analysis of the costs, changes in input prices, relative prices of the price of other commodities and the effect of the price of this commodity on the rest of the economy.
Census in India is a massive operation. The particle in the country is about hundred years old. Census commission functioned on temporary basis till 1964. It was in that year that the office of the Register General and Census Commissioner of India was established. The first all India census, though not synchronously taken, was completed in 1872. Since 1881, census in India has been taken regularly every ten years. The census in 1971 marked the completion of 100 years of decennial census taking in the country. The work on the 1991 census began in May 1990 and was completed by February 1991.
Central Forestry Commission
The Central Forestry Commission, with the Inspector General of Forests as its chairman, was set up in 1965 for effecting technical co-ordination, collection and dissemination of information on forestry. The commission also acts as technical subcommittee servicing the Central Board of forestry.
Central Water Commission
It is responsible for initiating and co-ordinating, in consultation with State governments, schemes for control, conservation and utilization of water resources for purposes of irrigation, navigation, flood control throughout the country.
The functions of the Election Commission a statutory body established under Article 324 of the Constitution are superintendence, direction and control of the preparation of the electoral rolls for, and the conduct of all elections to Parliament and the State legislature and all election to Parliament and the State legislature and all elections to the offices of the President and Vice President. The election commission has also:
1. to lay down general rules for election
2. to determine constituencies and to prepare electoral rolls.
3. to give recognition to the political parties
4. to allot election symbols to political parties and individuals contesting the elections and
5. to appoint election tribunals to decide disputes and doubts arising as a results of election to Parliament and State legislatures.
The electronics commission, which came into being in 1971, is the nodal agency responsible for the healthy growth of the electronics industry in India. It is assisted by the Department of Electronics for executive duties.
The Government on March 12, 1981 announced the constitution of a Commission for Additional Source of Energy (CASE). It formulates policies and programmes for development of new and renewable sources of Energy. It co-ordinates and intensifies research and development activities in new and renewable source of energy. It also ensures implementation of government’s policies in regard to all matters concerning new and renewable source of energy.
Under Article 280 of the Constitution, a Finance commission is to be constituted every fifth year or at such earlier time as the president considers necessary to make recommendations to President as to the distribution between the Union and the States of the net proceeds of taxes as enumerated in the constitution and the allocation between the States of the respective shares of such proceeds the principles which should govern the grants-in-aid of the revenues of the States out of the Consolidation Fund of India; and any other matter referred to the Commission by the President in the interest of sound finance. The recommendations of the Commission together with any explanatory memorandum as to the action taken thereon are laid before each House of Parliament.
The Government of India constituted a national floods commission in July 1976. The commissions is known as Rashtriya Barth Ayog and has been entrusted with the task of conducting a study in depth of the present approach and programmes of flood control measures and evolve a coordinated, integrated and scientific approach to the flood control problem and draw up a national plan fixing priorities.
Staff Selection Commission
Earlier known as SSC, the Staff Selection Commission on the lines of the Lines of Union Public Service Commission, was constituted for the purpose of recruitment to non-technical Class III posts in different departments of the Government of India and in subordinate offices. The Commission has its headquarters in New Delhi and its regional offices are located at Mumbai, Calcutta, Guwahati, Chennai and Allahabad. It has one sub-regional office at Raipur.
The Commission was set up on July, 1976, on the recommendations of the Administrative Reforms Commission. The major examinations held by the Commission are:
1. Clerks’ Grade, Examination
2. Auditor/Junior Accountants’ Examination
3. Inspector of Income Tax, Central Excise, etc. examination
4. Sub-Inspector (Executive), Delhi Police Examination
5. Test for selection of candidate for the post of sub- Inspector of Police in the CBI and Central finger Prints Bureau,
6. Stenographers Examination
7. Assistants’ Examination
8. Hindu Teachers and Hindi Translators Examination
10. Transmission Executives Examination, and
11. Limited Departmental Competitive Examinations for Upper Division Grade, Grade ‘C’ Stenographers and Clerks’ Grade (from Group ‘D’ staff). The Commission does not deal with the recruitment to posts for which recruitment is made by the Railway Recruitment Boards and Industrial establishments.
Union Public Service Commission
For recruitment to civil services and posts under the Union Government, the constitution provides for an independent body known as the Union Public Service Commission are appointed by the President. To ensure independence of the Commission, the Constitution debars its chairman from further employment either under the government of India or the government of a State. A member of the Commission is, however, eligible for appointment as Chairman of that Commission or of a State Public Service Commission.
Air India Limited was formed as a public limited company on July29, 1946 and took over Tata Airlines with all its aircraft, equipment, engineering facilities, trained personnel, etc. Air India International Limited, a new company was formed in 1948 after the Government approved the scheme for operation of air service between India and the U.K. The government decided on complete nationalization and in March 1953, the Air Corporation Act was passed and Air India International Limited was nationalized as a public sector corporation from August 1, 1953. Air India was thus established as a statutory corporation on June 15, 1953 and took over the operations of Air India International Limited from August 1, 1953. The Corporation operates air services to the five continents. India has bilateral air services agreements with 90 countries.
The Corporation is a service organization in the field in air transport with the primary objective of providing safe, efficient, adequate, economical and properly co-ordinated international air services and to develop such services to the best advantage for transportation of passengers, cargo, mail, etc. The corporation also provides handling services, both technical and commercial, to other airlines. Due to huge recurring losses. Air India together with India Airlines, is being privatized.
Indian Oil Corporation
The corporation was established on September 1, 1964 with the merger of Indian Refineries Limited and Indian Oil Company Limited. In addition, it acquired the refining and distribution operations of the Assam Oil Company Limited on October 14, 1981.The Corporation has three divisions, viz.
1. Refineries and Pipelines
3. Assam oil
The market share of the corporation by April 1994 was 56.8 percent of the total oil industry’s sales. The IOC has six refineries, viz., Guwahati Refinery Barauni Refinery, Koyali Refinery, Haldia Refinery, Mathura Refinery and Digboi Refinery.
Industrial Credit and Investment Corporation of India
It was established in 1955 as a public sector undertaking to encourage and assist industrial organization in India. It is a privately owned and privately managed joint stock company. It is essentially designed to mobilise international finance to develop and extend private enterprise in the country.
Oil and Natural Gas Corporation
The Oil and Natural Gas Directorate set up in 1956 under the Government of India was converted later on October 15, 1959 into “Oil and Natural Gas Commission”, by an Act of Parliament with headquarters at Dehradun and project/units all over the country. Its main objectives are exploring and exploiting of hydro-carbon and transportation of crude oil and gas so as to achieve self-sufficiency. In 1993, the ONGC was converted into a public limited company under the companies Act and names as the “Oil and Natural Gas Corporation”.
National Thermal Power Corporation
National Thermal Power Corporation was constituted as a generating company in November 1975 for the purpose of construction, operation and maintenance of super thermal power stations and associated EHV transmission lines.
Steel Authority of India Limited
The Steel Authority of India Limited (SAIL) was established as a holding company for the management of the public sector steel plants. The steel producing units under the ownership and management of the SAIL are Bhilai Steel Plant, Durgapur Steel Plant, Rourkela Steel Plant, Bokaro Steel Plant and the India Iron and Steel Company. The SAIL gas also one Alloy Steel Plant at Durgapur under it. Salem Steel Plant in Tamil Nadu is the latest Plant under the steel Authority of India.
Unit Trust of India
The Unit Trust of India (UTI) was established in 1964 as a public sector investment institution for mobilizing the saving of the community and for providing to the investors, particularly small and middle income groups, and a medium of investment in industrial securities. The trust aims at encouraging small saving by providing facilities to various classes of investors for investment in Units of the face value of Rs.10 and Rs. 100. The trust invests money in various types of shares and securities. Not less than 90 percent of the net income on the investment is distributed to the shareholders.
Reserve Bank of India
Established in 1935, the RBI is the Central Bank of India. Its main function is to regulate the issue of Bank notes and keep reserve for security monetary stability. The bank is the sole authority for the issue of currency in India other than one rupee coins/notes and subsidiary coins. It acts as banker of the Government of India, State governments, commercial banks and to some of the financial institutions including state co-operative banks.
The RBI was originally constituted as a shareholders institution. The entire share capital owned by private shareholders was acquired by the Central Government against compensation and form January 1949 it became a State-owned institution.
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