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IIM Bill 2023 & IIM Act 2017 Quiz

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Questions and Answers

What is the main purpose of the Indian Institute of Management Bill, 2023?

To reduce the autonomy of IIMs and increase government interference

To establish new IIMs in different states of India

To abolish the concept of IIMs as institutions of national importance

To grant greater administrative, academic, and financial autonomy to IIMs (correct)

What is the composition of the Board of Governors for each IIM?

Up to 20 members, with 5 nominees from the central and state governments, respectively

Up to 19 members, with 2 nominees from the central and state governments, respectively (correct)

Up to 17 members, with 3 nominees from the central and state governments, respectively

Up to 18 members, with 4 nominees from the central and state governments, respectively

What is the role of the Coordination Forum in the context of IIMs?

To appoint the Directors of all IIMs

To discuss matters of common interest to all IIMs (correct)

To oversee the financial operations of all IIMs

To set the academic curriculum for all IIMs

What is the function of the Academic Council in each IIM?

<p>To determine the academic content, criteria, and process for admission to courses</p> Signup and view all the answers

What power does the Indian Institute of Management Act, 2017 grant to IIMs?

<p>Power to award full-fledged degrees instead of diplomas</p> Signup and view all the answers

Study Notes

Indian Institute of Management Bill, 2023

Aims to improve governance and administration of IIMs, enhance their autonomy, and promote academic excellence.

Composition of the Board of Governors

The Board of Governors of each IIM will be composed of:
- Ex-officio members:
  - Ministry of Education representative
  - Director of the IIM
- Nominees from the government
- Nominees from the IIM alumni
- Representatives from industry and academia

Role of the Coordination Forum

Acts as a platform for coordination and collaboration among IIMs
Facilitates exchange of best practices and knowledge sharing
Ensures consistency in academic standards and quality

Function of the Academic Council

Responsible for academic policies and programmes of the IIM
Recommends curriculum, faculty appointments, and research initiatives
Ensures the quality and relevance of the IIM's academic programmes

Powers Granted by the Indian Institute of Management Act, 2017

Grants IIMs considerable autonomy in managing their affairs, including:
- Appointing faculty and staff
- Determining curriculum and academic programmes
- Establishing their own financial regulations
- Entering into collaborations with national and international institutions

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Description

Test your knowledge about the Indian Institute of Management Bill, 2023 and the Indian Institute of Management Act 2017 with this quiz. Learn about the significance of declaring 20 existing IIMs as "institutions of national importance" and the aim to empower IIMs to attain global standards in management and research.