Which of the following has decided to block LPG subsidy and PAN of the tax defaulters? A) RBI B) SBI C) Income Tax Department D) Govt. of India E) Finance Ministry

Which of the following has decided to block LPG subsidy and PAN of the tax defaulters? A) RBI B) SBI C) Income Tax Department D) Govt. of India E) Finance Ministry
by

1 Answer

Answer :

C) Income Tax Department Explanation: Income Tax Department is set to block Permanent Account Number (PAN) of wilful defaulters and their LPG subsidy and take measures to ensure that they are not sanctioned loans.
by
selected

Related questions

Scheduled Banks have to be registered with - (1) SEBI (2) RBI (3) Finance Ministry (4) SBI

Description : Scheduled Banks have to be registered with - (1) SEBI (2) RBI (3) Finance Ministry (4) SBI

Last Answer : (2) RBI Explanation: The scheduled primary (urban) cooperative banks are required to maintain with the Reserve Bank of India an average daily balance, the amount of which should not be less than 5 per ... least 3 per cent of their total demand and time liabilities in India on clay-to-day basis.

Scheduled Banks have to be registered with - (1) SEBI (2) RBI (3) Finance Ministry (4) SBI

Description : Scheduled Banks have to be registered with - (1) SEBI (2) RBI (3) Finance Ministry (4) SBI

Last Answer : (2) RBI Explanation: The scheduled primary (urban) cooperative banks are required to maintain with the Reserve Bank of India an average daily balance, the amount of which should not be less than 5 per ... least 3 per cent of their total demand and time liabilities in India on clay-to-day basis.

Scheduled Banks have to be registered with (1) SEBI (2) RBI (3) Finance Ministry (4) SBI

Description : Scheduled Banks have to be registered with (1) SEBI (2) RBI (3) Finance Ministry (4) SBI

Last Answer : RBI

The data collection for national income estimation is conducted in India by— (1) The Finance Ministry of the Government of India (2) The RBI (3) The NSSO (National Sample Survey Organization (4) None of these

Description : The data collection for national income estimation is conducted in India by— (1) The Finance Ministry of the Government of India (2) The RBI (3) The NSSO (National Sample Survey Organization (4) None of these

Last Answer : (3) The NSSO (National Sample Survey Organization Explanation: The National Sample Survey Office (NSSO) in India is a unique setup to carry out surveys on socioeconomic, demographic, agricultural ... of India for collection of statistical data in the areas which are vital for developmental planning.

The data collection for national income estimation is conducted in India by— (1) The Finance Ministry of the Government of India (2) The RBI (3) The NSSO (National Sample Survey Organi-sation) (4) None of these

Description : The data collection for national income estimation is conducted in India by— (1) The Finance Ministry of the Government of India (2) The RBI (3) The NSSO (National Sample Survey Organi-sation) (4) None of these

Last Answer : The NSSO (National Sample Survey Organi-sation)

Who finalises the value and volume of the notes to be printed every year? A. Independently by Ministry of Finance B. Independently by Ministry of Government of India C. Committee of Bank Heads D. With Mutual Consultation of the GOI and Bank Heads E. With Mutual Consultation of the RBI and GOI

Description : Who finalises the value and volume of the notes to be printed every year? A. Independently by Ministry of Finance B. Independently by Ministry of Government of India C. Committee of Bank Heads D. With Mutual Consultation of the GOI and Bank Heads E. With Mutual Consultation of the RBI and GOI

Last Answer : E. With Mutual Consultation of the RBI and GOI Explanation: The Reserve Bank based on the demand requirement indicates the volume and value of banknotes to be printed each year to the ... the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.

Banking Code & Standards Board of India(BCSBI) set up by ________ A. SEBI B. Ministry of Finance C. RBI D. GOI

Description : Banking Code & Standards Board of India(BCSBI) set up by ________ A. SEBI B. Ministry of Finance C. RBI D. GOI

Last Answer : C. RBI Explanation: The Banking Codes and Standards Board of India (BCSBI) is an independent banking industry watchdog that protects consumers of banking services in India. The board oversee compliance with the ―Code of Bank‘s Commitment to Customers‖

Jayant Sinha, minister of state for finance reported how many willful defaulters owing Rs 66,190 crore to state-owned banks as of December 2015? A) 6719 B) 7128 C) 5275 D) 7686 E) None of these

Description : Jayant Sinha, minister of state for finance reported how many willful defaulters owing Rs 66,190 crore to state-owned banks as of December 2015? A) 6719 B) 7128 C) 5275 D) 7686 E) None of these

Last Answer : D) 7686 Explanation: Sinha also said that the total outstanding amount in top 100 non-performing accounts (NPAs) with public sector banks (PSBs) was Rs 1.73 lakh crore as of December 2015. Willful ... December 2015 while the amount involved more than doubled to Rs 66,190 crore from Rs 27,749 crore.

Rural Infrastructure Development Fund (RIDF) was instituted by which of the following? a. NABARD b. RBI c. Finance Ministry d. Ministry of Home Affairs e. None of the above

Description : Rural Infrastructure Development Fund (RIDF) was instituted by which of the following? a. NABARD b. RBI c. Finance Ministry d. Ministry of Home Affairs e. None of the above

Last Answer : a. NABARD

The Foreign exchange of India is kept with _________ A. SBI B. ECGC C. RBI D. NABARD E. other than those given as options

Description : The Foreign exchange of India is kept with _________ A. SBI B. ECGC C. RBI D. NABARD E. other than those given as options

Last Answer : C. RBI Explanation: Reserve Bank of India accumulates foreign currency reserves by purchasing from authorized dealers in open market operations. Foreign exchange reserves of India act as a cushion against rupee ... Currency Assets (b) Gold (c) SDRs (d) Reserve Tranche Position in the IMF.

Who among the following decides the volume and value of bank notes to be printed in India? A. RBI B. SBI C. Security Printing and Minting Corporation of India D. All of the Above

Description : Who among the following decides the volume and value of bank notes to be printed in India? A. RBI B. SBI C. Security Printing and Minting Corporation of India D. All of the Above

Last Answer : A. RBI Explanation: The Reserve Bank based on the demand requirement indicates the volume and value of banknotes to be printed each year to the Government of India which get finalised after ... the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.

On the administered price of which of the following articles no subsidy is given? (1) DAP (2) ATF (3) LPG (4) Kerosene oil

Description : On the administered price of which of the following articles no subsidy is given? (1) DAP (2) ATF (3) LPG (4) Kerosene oil

Last Answer : (2) ATF Explanation: In India, no subsidy is given to Aviation Turbine Fuel (ATF). Indian Oil Aviation Service is a leading aviation fuel solution provider in India and the most-preferred supplier of ... . Combined with a high base price, fuel now represents 45-55% of a carrier's operating costs.

On the administered price of which of the following articles no subsidy is given ? (1) DAP (2) ATF (3) LPG (4) Kerosene oil

Description : On the administered price of which of the following articles no subsidy is given ? (1) DAP (2) ATF (3) LPG (4) Kerosene oil 

Last Answer : ATF

The Stock Exchanges in India are regulated by 1. RBI 2. SEBI 3. SBI 4. IDBI 5. None of these

Description : The Stock Exchanges in India are regulated by 1. RBI 2. SEBI 3. SBI 4. IDBI 5. None of these

Last Answer : SEBI

Exchange Control and Management is done by (a) RBI ; (b) As per Defence of India Act ; (c) SBI ; (d) IDBI

Description : Exchange Control and Management is done by (a) RBI ; (b) As per Defence of India Act ; (c) SBI ; (d) IDBI

Last Answer : (a) RBI ;

Ad Valorem tax is levied - (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

Description : Ad Valorem tax is levied - (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

Last Answer : (3) according to value given by producers Explanation: An ad valorem tax (Latin for "according to value") is a tax based on the value of real estate or personal property. It is more ... difficulty with such taxation, especially in the case of tariffs, is in establishing a satisfactory value figure.

Ad Valorem tax is levied (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

Description : Ad Valorem tax is levied (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

Last Answer : according to value given by producers

Government takes 'ways and means advances' from - (1) RBI (2) IDBI (3) SBI (4) ICICI

Description : Government takes 'ways and means advances' from - (1) RBI (2) IDBI (3) SBI (4) ICICI

Last Answer : (1) RBI Explanation: Ways and means advances (WMA) is a mechanism used by Reserve Bank of India (RBI) under its credit policy by which provides to the States banking with it to help ... WMA both to the Central and State governments. It aims to bridge the interval between expenditure and receipts.

The NHB, which a wholly – owned subsidiary of the_____.(a )SBI b) BOI c)RBI)

Description : The NHB, which a wholly – owned subsidiary of the_____.(a )SBI b) BOI c)RBI)

Last Answer : c)RBI)

_____has constantly endeavoured to develop the commercial bills market. a. Commercial bank b. RBI c. SBI

Description : _____has constantly endeavoured to develop the commercial bills market. a. Commercial bank b. RBI c. SBI

Last Answer : b. RBI

Government takes ‘ways and means advances’ from (1) RBI (2) IDBI (3) SBI (4) ICICI

Description : Government takes ‘ways and means advances’ from (1) RBI (2) IDBI (3) SBI (4) ICICI 

Last Answer : RBI

he granting of cash subsidy on the capital investment is called __________. A. Concessional finance. B. Quantum of Subsidy. C. Interest Subsidy. D. Central Investment Subsidy.

Description : he granting of cash subsidy on the capital investment is called __________. A. Concessional finance. B. Quantum of Subsidy. C. Interest Subsidy. D. Central Investment Subsidy.

Last Answer : D. Central Investment Subsidy.

National Sample Survey Organization(NSSO) is an organization under the ________ A. Ministry of Finance B. Ministry of Statistics C. Ministry of Commerce D. All (B) and (C) E. None of the Above

Description : National Sample Survey Organization(NSSO) is an organization under the ________ A. Ministry of Finance B. Ministry of Statistics C. Ministry of Commerce D. All (B) and (C) E. None of the Above

Last Answer : B. Ministry of Statistics Explanation: The National Sample Survey Organisation (NSSO), now known as National Sample Survey Office, is an organization under the Ministry of Statistics of the ... the largest organisation in India conducting regular socio-economic surveys. It was established in 1950.

The “in-principle” approval for setting up „small finance banks‟ granted by RBI will be valid for ______ A. 12 Months B. 24 Months C. 10 Months D. 18 Months E. None of the Above.

Description : The “in-principle” approval for setting up „small finance banks‟ granted by RBI will be valid for ______ A. 12 Months B. 24 Months C. 10 Months D. 18 Months E. None of the Above.

Last Answer : D. 18 Months Explanation: The ―in-principle‖ approval granted will be valid for 18 months to enable the applicants to comply with the requirements under the Guidelines and fulfil other conditions as may be stipulated by the RBI.

According to RBI Regulations, which of the following are allowed to set up small finance banks? A. NBFC B. MFI C. LAB D. All of the Above E. None of the Above

Description : According to RBI Regulations, which of the following are allowed to set up small finance banks? A. NBFC B. MFI C. LAB D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: The firms must have a capital of Rs.100 crore.Existing non-banking financial companies (NBFC), micro-finance institutions (MFI) and local area banks (LAB) are allowed to set up small finance banks.

For coordinating disaster management activities for all natural hazards, the Nodal Agency at the Central Govt is the? a. Ministry of Home Affairs b. Ministry of Rural Development c. Ministry of Communication d. Ministry of Urban Ministry

Description : For coordinating disaster management activities for all natural hazards, the Nodal Agency at the Central Govt is the? a. Ministry of Home Affairs b. Ministry of Rural Development c. Ministry of Communication d. Ministry of Urban Ministry

Last Answer : a. Ministry of Home Affairs

The Govt. of India has decided to increase the export of cashewnut. Which of the following is NOT a major cashewnut growing State? (a) Goa (b) Maharashtra (c) Kerala (d) Andhra Pradesh (e) Uttar Pradesh

Description : The Govt. of India has decided to increase the export of cashewnut. Which of the following is NOT a major cashewnut growing State? (a) Goa (b) Maharashtra (c) Kerala (d) Andhra Pradesh (e) Uttar Pradesh

Last Answer : Ans: (e)

Which one of the following statements is false ? (A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank (B) The RBI manages longterm liquidity through rapos (C) The RBI manages longterm liquidity through Open Market Operations (D) Open Market Operations do not alter the total stock of govt. securities but change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks

Description : Which one of the following statements is false ? (A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank (B) The RBI manages longterm liquidity through ... change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks

Last Answer : Answer: The RBI manages longterm liquidity through rapos

Who are eligible for obtaining a PLI Policy of the following a) Central/Stage Govt employees b) Defense services c) Nationalized banks/RBI d) All the above

Description : Who are eligible for obtaining a PLI Policy of the following a) Central/Stage Govt employees b) Defense services c) Nationalized banks/RBI d) All the above

Last Answer : d) All the above

While computing the actual cost of any asset falling within a block, portion of cost of asset which has been met directly by the central government or a state government or any authority under any law or any other person, in the form of a subsidy or grant : a) Added to purchase price b) Subtracted from purchase price c) Added to WDV d) Claimed as Revenue Expenditure

Description : While computing the actual cost of any asset falling within a block, portion of cost of asset which has been met directly by the central government or a state government or any authority under any law ... price b) Subtracted from purchase price c) Added to WDV d) Claimed as Revenue Expenditure

Last Answer : b) Subtracted from purchase price

When there is a difference between all receipts and expenditure of the Govt. of India, both capital and revenue it is called _______ A. Income Deficit B. Fiscal Deficit C. Budgetary Deficit D. None of the Above

Description : When there is a difference between all receipts and expenditure of the Govt. of India, both capital and revenue it is called _______ A. Income Deficit B. Fiscal Deficit C. Budgetary Deficit D. None of the Above

Last Answer : C. Budgetary Deficit Explanation: A budget deficit occurs whenever a government spends more than it makes, which is nearly every year.Budgetary deficit is the difference between all receipts and expenses in both revenue and capital account of the government.

Which of the following is deducted from GNP to arrive at NNP? (1) Depreciation (2) Interest (3) Tax (4) Subsidy

Description : Which of the following is deducted from GNP to arrive at NNP? (1) Depreciation (2) Interest (3) Tax (4) Subsidy

Last Answer : (1) Depreciation Explanation: If we subtract the depreciation charges from the gross national product, we get net national product at market price. Net national product at market price=Gross national product at market priceDepreciation.

Which of the following is deducted from GNP to arrive at NNP ? (1) Depreciation (2) Interest (3) Tax (4) Subsidy

Description : Which of the following is deducted from GNP to arrive at NNP ? (1) Depreciation (2) Interest (3) Tax (4) Subsidy

Last Answer : Depreciation

Which of the following agencies in India is responsible for computation of national income? A. NCAER B. CSO C. NSS D. RBI E. None of the Above

Description : Which of the following agencies in India is responsible for computation of national income? A. NCAER B. CSO C. NSS D. RBI E. None of the Above

Last Answer : B. CSO Explanation: The Central Statistical Office which is one of the two wings of the National Statistical Organisation (NSO) is responsible for coordination of statistical ... and for evolving and maintaining statistical standards. Its activities include compilation of National Accounts.

Constitutionally the registration and recognition of political parties is the function performed by - (1) The State Election Commission of respective States (2) The Law Ministry of Government of India (3) The Election Commission of India (4) Election Department of the State Governments

Description : Constitutionally the registration and recognition of political parties is the function performed by - (1) The State Election Commission of respective States (2) The Law Ministry of Government of India (3) The Election Commission of India (4) Election Department of the State Governments

Last Answer : (3) The Election Commission of India Explanation: Constitutionally the registration and recognition of political parties is the function performed by Election Commission of India.

The Archaeological Survey of India is an attached office of which Department/ Ministry?

Description : The Archaeological Survey of India is an attached office of which Department/ Ministry?

Last Answer : Culture

Constitutionally the registration and recognition of political parties is the function performed by (A) The State Election Commission of respective States (B) The Law Ministry of Government of India (C) The Election Commission of India (D) Election Department of the State Governments

Description : Constitutionally the registration and recognition of political parties is the function performed by (A) The State Election Commission of respective States (B) The Law Ministry of Government of India (C) The Election Commission of India (D) Election Department of the State Governments 

Last Answer : (C) The Election Commission of India 

Which one of the following authorities recommends the principles governing the grants-in-aid of the revenues to the states out of the consolidated fund of India? (1) Finance Commission (2) Inter-State-Council (3) Union Ministry of Finance (4) Public Accounts Committee

Description : Which one of the following authorities recommends the principles governing the grants-in-aid of the revenues to the states out of the consolidated fund of India? (1) Finance Commission (2) Inter-State-Council (3) Union Ministry of Finance (4) Public Accounts Committee

Last Answer : (1) Finance Commission Explanation: Finance commission recommends the president on the principle that should govern the grants-in-aid to the states by the centre.

Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? (1) Public Accounts Committee (2) Union Ministry of Finance (3) Finance Commission (4) Inter-State Council

Description : Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? (1) Public Accounts Committee (2) Union Ministry of Finance (3) Finance Commission (4) Inter-State Council

Last Answer : (3) Finance Commission Explanation: The Finance Commission makes recommendations to the President regarding the principles governing the grants-in-aid of the revenues of 'the States out of the Consolidated ... for purposes other than those specified in the provisos to clause (1) of that article.

Who is authorized to issue coins in India? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Description : Who is authorized to issue coins in India? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Last Answer : (2) Ministry of Finance Explanation: Coins may be coined at the Mint for issue under the authority of the Central Government, (of such denominations not higher than one hundred rupees), such ... the Ministry of Finance and bears the signature of the secretary. All currency notes are legal tender.

Who is the signatory on the Indian currency notes in denomination of two rupees and above? (1) Secretary, Reserve Bank of India (2) Finance Secretary, Minister of Finance (3) Governor, Reserve Bank of India (4) Finance Minister, Ministry of Finance

Description : Who is the signatory on the Indian currency notes in denomination of two rupees and above? (1) Secretary, Reserve Bank of India (2) Finance Secretary, Minister of Finance (3) Governor, Reserve Bank of India (4) Finance Minister, Ministry of Finance

Last Answer : (3) Governor, Reserve Bank of India

The “Report on Currency and Finance” for each of the financial year in India is published by : (A) Reserve Bank of India (B) Ministry of Finance (C) Planning Commission (D) Central Statistical Organization

Description : The “Report on Currency and Finance” for each of the financial year in India is published by : (A) Reserve Bank of India (B) Ministry of Finance (C) Planning Commission (D) Central Statistical Organization

Last Answer : Answer: A

Who is authorised to issue coins in India ? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Description : Who is authorised to issue coins in India ? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Last Answer : Ministry of Finance

Mark the incorrect option a) To joining educational institution by Govt servants outside normal office hours should be take prior permission before joining educational institutions or courses of studies for universities degree b) Participation in Shramadan organized by govt department or the Bharath sevak samaj can be permitted c) Participation in shramadan or bharat sevak samaj such activity does not interfere with the performance of this official duties d) None of these

Description : Mark the incorrect option a) To joining educational institution by Govt servants outside normal office hours should be take prior permission before joining educational institutions or courses of studies ... activity does not interfere with the performance of this official duties d) None of these

Last Answer : d) None of these

The Financial affairs of the local self Govt. looks by a) Finance Commission b) State Govt. c) Central Govt. d) None of them

Description : The Financial affairs of the local self Govt. looks by a) Finance Commission b) State Govt. c) Central Govt. d) None of them

Last Answer : a) Finance Commission

Which of the following statements is not correct in relation to Dr. Manmohan Singh? (1) Former Finance Minister (2) Former Governor of RBI (3) Former Representative of India in International Monetary Fund (4) Member of Rajya Sabha

Description : Which of the following statements is not correct in relation to Dr. Manmohan Singh? (1) Former Finance Minister (2) Former Governor of RBI (3) Former Representative of India in International Monetary Fund (4) Member of Rajya Sabha

Last Answer : (3) Former Representative of India in International Monetary Fund Explanation: Dr. Manmohan Singh Rajya Sabha MP and was former finance minister, former governor of RBI.

Shouldn't President Obama be honest and call his new department "The Ministry of Truth"?

Description : Shouldn't President Obama be honest and call his new department "The Ministry of Truth"?

Last Answer : It is not designed for propaganda or for misinformation as implied by your cynical question. It has to deal with the kind of lies spread by Andrew Breitbart and his ilk, similar to what happened to Rep. Weiner and the fake twitter scandal over the weekend.

Department of Official Language (Raj Bhasha Vibhag) comes under which one of the following Ministries? (1) Ministry of Culture (2) Ministry of Home Affairs (3) Ministry of Human Resource Development (4) Ministry of Information and Broadcasting

Description : Department of Official Language (Raj Bhasha Vibhag) comes under which one of the following Ministries? (1) Ministry of Culture (2) Ministry of Home Affairs (3) Ministry of Human Resource Development (4) Ministry of Information and Broadcasting

Last Answer : (2) Ministry of Home Affairs Explanation: Department of Official language (Raj Bhasha Vibhag) comes under Ministry of Home affairs.

Which one of the following is not a department in the Ministry of Human, Resource Development? (1) Department of Elementary Education and Literacy (2) Department of Secondary Education and Higher Education (3) Department of Technical Education (4) Department of women and child development

Description : Which one of the following is not a department in the Ministry of Human, Resource Development? (1) Department of Elementary Education and Literacy (2) Department of Secondary Education and Higher Education (3) Department of Technical Education (4) Department of women and child development

Last Answer : (4) Department of women and child development Explanation: Department of women and child development is not a department under Ministry of Human Resource Development.

Department of Border management is a department of which one of the following Union Ministers? (1) Ministry of Defense (2) Ministry of Home Affairs. (3) Ministry of Shipping, Road Transport and Highways (4) Ministry of Environment and Forest.

Description : Department of Border management is a department of which one of the following Union Ministers? (1) Ministry of Defense (2) Ministry of Home Affairs. (3) Ministry of Shipping, Road Transport and Highways (4) Ministry of Environment and Forest.

Last Answer : (2) Ministry of Home Affairs Explanation: Department of border management is a department of ministry of Home affairs of the union minister. Department of Border Management is dealing with management of borders, including coastal borders.