Description : Which of the following estimates National Income in India: A. Central Statistical Organisation B. National Income Committee C. Planning Commission D. Reserve bank of India
Last Answer : A. Central Statistical Organisation
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
Description : One-rupee currency note in India bears the signature of (A) The President of India (B) Finance Minister of India (C) Governor, Reserve Bank of India (D) Finance Secretary of Government of India
Last Answer : (D) Finance Secretary of Government of India
Description : Recommendations to the President of India on the specific Union state fiscal relation are made by the- (1) Finance Minister (2) Reserve Bank of India (3) Planning Commission (4) Finance Commission
Last Answer : (4) Finance Commission Explanation: The finance commission made recommendations to the president of India on the specific union state fiscal relation.
Description : Money supply is governed by the - (1) Planning Commission (2) Finance Commission (3) Reserve Bank of India (4) Commercial Banks
Last Answer : (3) Reserve Bank of India Explanation: In economics, the money supply or money stock, is the total amount of monetary assets available in an economy at a specific time. It is governed and ... Reserve Bank of India regulates money supply in India through its several policy rates and reserve ratios.
Description : Money supply is governed by the (1) Planning Commission (2) Finance Commission (3) Reserve Bank of India (4) Commercial Banks
Last Answer : Reserve Bank of India
Description : Human Development Report for ‘each’ of the year at global level has been published by: (A) UNDP (B) WTO (C) IMF (D) World Bank
Last Answer : Answer: A Explanation: The United Nations Development Programme (UNDP) headquartered i n N e w York is the United Nations' global development network. UNDP advocates for change and ... Report Office publishes an annual Huma nD evelopment Report to measure and analyse developmental progress.
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.
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
Description : Which one of the following is not a Constitutional Body? (A) Election Commission (B) Finance Commission (C) Union Public Service Commission (D) Planning Commission
Last Answer : Answer: D The Planning Commission was an institution in the Government of India, which formulated India's Five-Year Plans, among other functions. It is located at Yojana Bhawan, Sansad Marg, New ... been replaced by an Institution named NITI Aayog, In his first Independence Day speech in 2014.
Description : In free economy the decision about investment, saving and consumption are decided by (a) Price mechanism ; (b) Central bank ;(c) Planning Commission ;(d) Finance budget
Last Answer : (a) Price mechanism
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
Description : The salaries and emoluments of the judges of the Supreme Court are charged on (1) The Reserve Bank of India (2) The Contingency Fund of India (3) The Consolidated Fund of India (4) The Finance Commission
Last Answer : (3) The Consolidated Fund of India Explanation: Article 101 deals with remuneration of Judges of the Supreme Court. It states that the salaries payable to the Judges of the Supreme Court under this ... and pension payable to or in respect of the Comptroller and Auditor General of India; etc.
Description : The e-content generation for undergraduate courses has been assigned by the Ministry of Human Resource Development to (A) INFLIBNET (B) Consortium for Educational Communication (C) National Knowledge Commission (D) Indira Gandhi National Open University
Last Answer : (B) Consortium for Educational Communication
Description : The setting up of the National Housing Bank (NHB), a fully owned subsidiary of the Reserve Bank of India in _____ as the apex institution marketed the beginning of emergence housing finance as a fund based financial services in India.(a) 1987, b) 1978, c)1988)
Last Answer : c)1988)
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.
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.
Description : Financial distribution between the Union and the State takes place on the basis of the recommendations of which one of the following? (1) The National Development Council (2) The Inter-State Council (3) The Planning Commission (4) The Finance Commission
Last Answer : (4) The Finance Commission Explanation: The Finance Commission is constituted by the President under article 280 of the Constitution, mainly to give its recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves.
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.
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.
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
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.
Description : Cash kept in the currency chest is owned by? A. Currency Chest branch bank B. State Bank of India C. Central Government D. Reserve Bank of India
Last Answer : D. Reserve Bank of India Explanation: The amount of cash kept in the currency chest belongs to the RBI and is used for maintaining the Cash Reserve Ratio. To facilitate the distribution of ... These are actually storehouses where banknotes and rupee coins are stocked on behalf of the Reserve Bank.
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.
Description : The monetary policy is India is formulated by - (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India
Last Answer : (3) Reserve Bank of India Explanation: Monetary policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control ... Bank of India (RBI). is so designed as to maintain the price stability in the economy.
Description : The monetary policy is India is formulated by (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India
Description : As Chairman of an independent commission on education, Jacques Delors report to UNESCO was titled (A) International Commission on Education Report (B) Millennium Development Report (C) Learning : The Treasure Within (D) World Declaration on Education for All
Last Answer : (C) Learning : The Treasure Within
Description : Who among the following is the defacto executive head of the Planning Commission? (A) Chairman (B) Deputy Chairman (C) Minister of State for Planning (D) Member Secretary
Last Answer : (B) Deputy Chairman
Description : Which of the following statements are correct about the Central Information Commission? 1. The Central Information Commission is a statutory body. 2. The Chief Information Commissioner and other Information Commissioners are appointed by the ... 2 and 4 (C) 1, 2 and 3 (D) 2, 3 and 4
Last Answer : Answer: C
Description : Most of the Universities in India are funded by (A) the Central Government (B) the State Governments (C) the University Grants Commission (D) Private bodies and Individuals
Last Answer : (C) the University Grants Commission
Description : Electoral disputes arising out of Presidential and VicePresidential Elections are settled by: (A) Election Commission of India (B) Joint Committee of Parliament (C) Supreme Court of India (D) Central Election Tribunal
Last Answer : Answer: C According to Article 71 of the Constitution, all doubts and disputes arising out of or in connection with the election of a President or Vice-President shall be inquired into and ... Vice-Presidential Elections Act, 1952, an election pe tition can be filed before the Supreme Court.
Description : National Disaster Reserve Fund is the result of? a. 12th Finance Commission b. 11thFinance Commission c. 13th Finance Commission d. None of the above
Last Answer : b. 11thFinance Commission
Description : Who prepares the Five Year Plan? (i) Finance Commission (ii) Planning Commission (iii) Government of India (iv) None of the above
Last Answer : (ii) Planning Commission
Description : The gradation and standardization of agricultural products are conducted through (1) Food Corporation of India (2) Directorate of Marketing and Inspection (3) Indian Standards Institution (4) Central Statistical Organization
Last Answer : (2) Directorate of Marketing and Inspection Explanation: The Directorate of Marketing and Inspection (DMI) is an attached Office of the Ministry of Agriculture. It was set up in the year ... country. It is entrusted with promotion of standardization and grading of agricultural and allied produce.
Description : National Income Estimates in India are prepared by: (1) National Development Council (2) National Productivity Council (3) National Income Committee (4) Central Statistical Organization
Last Answer : (4) Central Statistical Organization Explanation: Since 1955 the national income estimates are being prepared by Central Statistical Organization. The CSO uses different methods like the Product Method, ... and Expenditure method for various sectors in the process of estimating the National Income.
Description : Which of the following statements is a standard applicable to financial statement audits in accordance with Government Auditing Standards? a. An auditor should briefly describe in the auditor's ... whether the entity has reportable measures of economy and efficiency that are valid and reliable.
Last Answer : An auditor should report on the scope of the auditor's testing of internal control.
Description : Which one of the following statements is not correct about the University Grants Commission (UGC)? (A) It was established in 1956 by an Act of Parliament. (B) It is tasked with promoting ... from the Central Government. (D) It receives funds from State Governments in respect of State Universities
Last Answer : (D) It receives funds from State Governments in respect of State Universities
Description : Which of the following sources of data is not based on primary data collection? (A) Census of India (B) National Sample Survey (C) Statistical Abstracts of India (D) National Family Health Survey
Last Answer : (C) Statistical Abstracts of India
Description : What organization has published safety guidelines for the maximum limits of RF energy near the human body? A. The American National Standards Institute (ANSI). B. The Environmental Protection ... Communications Commission (FCC). D. The Institute Of Electrical and Electronics Engineers (IEEE).
Last Answer : A. The American National Standards Institute (ANSI).
Description : With reference to India polity, which one of the following statements is correct? (1) Planning commission is accountable to parliament. (2) President can make ordinance only when either of the two houses ... (4) NDC is constituted of Union Finance Minister and the Chief Ministers of all the states.
Last Answer : (2) President can make ordinance only when either of the two houses of parliament is not in session. Explanation: President can promulgate ordinances when the parliament is not in session. ... take immediate action, he may promulgate such Ordinance as the circumstances appear to him to require.
Description : Resources transferred from the Government of India to States are termed `statutory' if they are made (1) in the form of loans (2) on the recommendations of the Planning Commission (3) on the recommendations of the Finance Commission (4) in the form of grants
Last Answer : (3) on the recommendations of the Finance Commission Explanation: in an explicit recognition of vertical and horizontal imbalances, the Indian Constitution embodies enabling and mandatory provisions to ... have to bring about uniform income and services and economic integration among the states.
Description : Which one of the following Commissions is not provided in the Constitution of India? (1) Planning Commission (2) UPSC (3) Finance Commission (4) Election Commission
Last Answer : (1) Planning Commission Explanation: The Planning Commission was set up by a Resolution of the Government of India in March 1950. It is not provided in the constitution of India.
Description : Who prepares the five years plan? a) Finance Commission b) Planning Commission c) Government Of India d) None of the above
Last Answer : b) Planning Commission
Description : Who presides over the National Development Council of India? (A) Chairman of the Planning Commission of India. (B) Prime Minister of India. (C) Finance Minister of India. (D) Vice-President of India.
Last Answer : (B) Prime Minister of India.
Description : Who is Ex-officio Chairman of Planning Commission and National Development Council of India? (A) Prime Minister (B) President (C) Finance Minister (D) Vice-President
Last Answer : (A) Prime Minister
Description : The Finance Commission – (1) draws up Five Year Plans (2) formulates Monetary Policy (3) recommends pay revision of Central Government Employees (4) adjudicates on the sharing of resources between Centre and the States
Last Answer : (4) adjudicates on the sharing of resources between Centre and the States Explanation: Functions of the Finance Commission can ne explicitly stated as : (1) Distribution of net procee of taxes ... of the States so as to provide additional resources to Panchayats and Municipalities in the state.
Description : Reserve Bank of India gave provisional licences to _______ entities to launch small finance banks. A. 10 B. 11 C. 12 D. 13 E. None of the Above
Last Answer : A. 10 Explanation: Reserve Bank of India gave provisional licences to 10 entities out of 72 applicants to launch small finance banks. The selected applicants are: Au Financiers (Jaipur), ... Micro Finance (Navi Mumbai), Ujjivan Financial Services (Bengaluru) and Utkarsh Micro Finance (Varanasi).
Description : Research ethics has a direct connection more often with which stages of research ? (A) Defining and delimiting the scope of research. (B) Problem formulation and reporting of research ... deciding the sampling technique for research. (D) Deciding about statistical techniques and data analysis.
Last Answer : (B) Problem formulation and reporting of research findings.
Description : "Male and female students perform equally well in a numerical aptitude test." This statement indicates a: (A) statistical hypothesis (B) research hypothesis (C) null hypothesis (D) directional hypothesis
Last Answer : (C) null hypothesis