Who among the following was the first `Minister of Finance' in independent India? (1) R K. Shanmukham Chetty (2) Liaquat All Khan (3) John Mathai (4) Satya Narayan Sinha

Who among the following was the first `Minister of Finance' in independent India? (1) R K. Shanmukham Chetty (2) Liaquat All Khan (3) John Mathai (4) Satya Narayan Sinha
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(1) R K. Shanmukham Chetty Explanation: The first finance minister of independent India was R. K. Shanmukham Chetty, who served as the finance minister in Jawaharlal Nehru's Cabinet between 1947-49. On November 26, 1947 Chetty presented the first budget of independent India. Earlier, he had served as President of India's Central Legislative Assembly from 1933 to 1935.
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Description : “Musawar-e-Pakistan” is the name given to: A. Allama Iqbal B. Liaquat Ali Khan C. Nehru D. Muhammad Ali Jinnah

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Last Answer : ANSWER: B

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Description : “Musawar-e-Pakistan” is the name given to: A. Allama Iqbal B. Liaquat Ali Khan C. Nehru D. Muhammad Ali Jinnah

Last Answer : ANSWER: A

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Last Answer : ANSWER: B

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Last Answer : (1) Governor of the State Explanation: No money bill can be' introduced in the State Legislative Assembly without the prior permission of the Governor. Besides, the annual and supplementary budgets are introduced in the Assembly in the name of the Governor.

A bill is a 'Money Bill' or not will be decided by – (1) Finance Minister (2) President (3) Chairman of Rajya Sabha (4) Speaker of Lok Sabha

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Description : The `Contingency Fund' of the state is operated by - (1) The Governor of the state (2) The Chief Minister of the state (3) The State Finance Minister (4) None of the above

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Description : Who decides whether a bill is a Money Bill or not? (1) President (2) Prime Minister (3) Finance Minister (4) Speaker of the Lok Sabha

Last Answer : (4) Speaker of the Lok Sabha Explanation: If any question arises whether a Bill is a Money Bill or not, the decision of Speaker thereon is final. The Speaker is under no obligation to consult any one in coming to a decision or in giving his certificate that a Bill is a Money Bill.

Who has the right to decide whether a Bill is a money bill or not? (1) Speaker of Lok Sabha (2) Prime Minister (3) President (4) Finance Minister

Description : Who has the right to decide whether a Bill is a money bill or not? (1) Speaker of Lok Sabha (2) Prime Minister (3) President (4) Finance Minister

Last Answer : (1) Speaker of Lok Sabha Explanation: Article 110 (3) lays down that "if any question arises whether a Bill is a Money Bill or not, the decision of the Speaker of the House of the People thereon ... nature cannot be questioned in a court of law, in the Houses of Parliament, or even by the President.

Who is the Chairman of Planning Commission? (1) President (2) Prime Minister (3) Finance Minister (4) Vice-President

Description : Who is the Chairman of Planning Commission? (1) President (2) Prime Minister (3) Finance Minister (4) Vice-President

Last Answer : (2) Prime Minister Explanation: The Prime Minister of India is the Chairman of the Planning Commission of India which is neither a constitutional nor statutory body.

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Description : The Chairman of the Finance Commission is appointed by – (1) The President (2) The Prime Minister (3) The Cabinet (4) The Parliament

Last Answer : (1) The President Explanation: As per the Constitution, the commission is appointed every five years and consists of a chairman and four other members appointed by the President of India.

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Description : Who appoints the Finance Commission? (1) Finance Minister (2) Prime Minister (3) Speaker of the Lok Sabha (4) President

Last Answer : (4) Explanation: The President appoints a finance commission every five years. The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India.

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Description : The deciding authority of States share in central taxes is the – (1) Finance Commission (2) Planning Commission (3) Election Commission (4) Finance Minister

Last Answer : (1) Finance Commission Explanation: Functions of the Finance Commission can be explicitly stated as: distribution of net proceeds of taxes between Centre and the States, to be divided as per their ... of the States so as to provide additional resources to Panchayats and Municipalities in the state.