Q: Which of the following is the role of Finance Commission ?

A: Sharing of net proceeds of taxes between the Centre and States.

B: Recommending principles for governing the grants-in-aid to the States by the Centre

C: Recommendations on matters referred to it by the President for the interest of finance

D: All of the above



All of the above


Q: A closed economy is an economy in which:

A: the money supply is fully controlled

B: deficit financing takes place

C: only exports take place

D: Neither exports nor imports take place.



Neither exports nor imports take place.


Q: Pradhan Mantri Jan Dhan Yojana was first announced by Hon'ble Prime Minister Modi on:

A: 15th August, 2014

B: 28th August, 2015

C: 26th January, 2016

D: None of the above



15th August, 2014


Q: Government imposes taxes to:

A: run the machinery of State

B: uplift of weaker sections

C: check the accumulation of wealth among the rich

D: None of the above



run the machinery of State


Q: Who prints and supplies the currency notes in India:

A: State Bank of India

B: United Bank of India

C: Reserve Bank of India

D: United Commercial Bank of India



Reserve Bank of India


Q: The Special Economic Zones Act was passed by the Indian Parliament in 2005 and the Act came into force in:

A: 2006

B: 2009

C: 2010

D: 2012



2006


Q: Which industry employs the largest number of women in India ?

A: Tea

B: Textile

C: Jute

D: Coal



Textile


Q: When was National Bank of Agriculture and Rural Development (NABARD) established ?

A: 6th Dec, 1947

B: 6th Dec, 1982

C: 5th Nov, 1982

D: 7th Oct, 1982



5th Nov, 1982


Q: The highest body which approves the Five Year Plan in India is :

A: Parliament

B: Planning Commission

C: National Development Council

D: Finance Commission



National Development Council


Q: Which institution in India controls the monetary policy of Indian currency?

A: Finance Commission

B: The Finance Ministry of India

C: The Reserve Bank of India

D: None of the above



The Reserve Bank of India
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