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 : 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
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 : Who is the chairman of GST council? (A) RBI Governor (B) Prime Minister (C) Finance secretary (D) Finance Minister
Last Answer : (D) Finance Minister
Description : Who among the following appointed by the Governor can be removed by only the President of India? (A) Chief Minister of a State (B) A member of the State Public Service Commission (C) Advocate-General (D) Vice-Chancellor of a State University
Last Answer : (B) A member of the State Public Service Commission
Description : Who appoints the Finance Cornmission in India? (1) Governor, R.B.I. (2) CAG of India (3) President of India (4) Central Finance Minister
Last Answer : (3) President of India Explanation: Article 280 of the Constitution of India requires the Constitution of a Finance Commission every five years, or earlier. It is established by President of ... other members to be appointed by the president. The first finance commission was established in 1951.
Description : Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets under _______ of the Banking Regulation Act, 1949 A. Section 35A B. Section 25A C. Section 15A D. Section 30A E. None of the Above
Last Answer : A. Section 35A Explanation: The Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets. It has issued a directive to banks under Section 35A of the Banking Regulation Act, 1949.
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 : The holder of certificate may at any time on his making an application in Form NC- 41 pledge the certificate to a) The president of India b) The governor of the state c) The reserve bank of india d) All the above
Last Answer : d) All the above
Description : Pledging of TD account as security in the name of a) The president of India or Governor of the state in his official capacity b) The reserve bank of India or a scheduled bank or a co-operative society c) Both the A and B d) None of these
Last Answer : c) Both the A and B
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 : 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.
Description : Instead of holding the office during the pleasure of the President who among the following hold (s) office during good behavior? (a) Governor of State (b) Attorney General of India (c) Judges of high court (d) Administrator of Union ... ) (c) Only (C) (a) and (c) (D) (a), (b), (c) and (d)
Last Answer : Answer: B
Description : Who among the following holds office during the pleasure of the President of India? (A) Chief Election Commissioner (B) Comptroller and Auditor General of India (C) Chairman of the Union Public Service Commission (D) Governor of a State
Last Answer : (D) Governor of a State
Description : Which of the following are not necessarily the immediate consequences of the proclamation of the President's Rule in a State? (a) Dissolution of the State of Ministers in the State (b) Removal of the Council of Ministers in the State. (c ... ) and (c) (C) (a), (b), (c) and (d) (D) (b) and (c)
Description : A bag contains an equal number of one rupee, 50 paise and 25 paise coins. If the total amount in the bag is Rs. 35, how many coins of each type are there ? (A) 15 (B) 18 (C) 20 (D) 25
Last Answer : Answer: C
Description : Money Bill can be introduced in the State Legislative Assembly with the prior permission of the – (1) Governor of the State (2) Chief Minister of the State (3) Speaker of Legislative Assembly (4) Finance Minister of the State
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.
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
Last Answer : (1) The Governor of the state Explanation: Contingency Fund of each State Government is established under Article 267(2) of the Constitution - this is in the nature of an imprest ... him/her to make advances to meet urgent unforeseen expenditure, pending authorization by the State Legislature.
Description : Money Bills ornate in the State Legislative Assembly on the recommendation of – (1) the Governor (2) the Chief Minister (3) the Finance Minister (4) the Speaker
Last Answer : (1) the Governor Explanation: The Money Bill can be introduced only in the Legislative Assembly on the recommendation of the Governor. It cannot be introduced in the Legislative Council. The Governor can return a bill to the state legislature, if it is not a money bill, for reconsideration.
Description : Who is responsible for presenting the Union Budget before the Parliament? A. Prime Minister B. Finance Minister C. RBI Governor D. none of the above
Last Answer : B. Finance Minister
Description : The Governor may recommend the imposition of the President's rule in the state (1) on the recommendation of the State Legislature (2) on the recommendation of the President (3) on the ... Government of the State cannot be carried on in accordance with the provisions of the Constitution of India
Last Answer : (4) if he is convinced thai the Government of the State cannot be carried on in accordance with the provisions of the Constitution of India Explanation: President's rule refers to Article 356 of ... 356 is invoked if there has been failure of the constitutional machinery in any states of India.
Description : The Annual Financial Statement of the Government of India in respect of each financial year shall be presented to the House on such day as the - (1) Speaker may direct (2) President of India may direct (3) Parliament may decide (4) Finance Minister may decide
Last Answer : (2) President of India may direct Explanation: According to article 112, the President shall in respect of every financial year cause to be laid before both the Houses of Parliament a statement of ... the Government of India for that year, in this Part referred to as the annual financial statement.
Description : Who appoints and dismisses the gazetted officials of the Union Government? (1) The President of India (2) The Prime Minister of India (3) The Home Minister of India (4) The Finance Minister of India
Last Answer : (1) The President of India
Description : Who is the governor of Reserve Bank of India?
Last Answer : D.Subarao
Description : First Indian to be appointed as the Governor of the Reserve Bank of India (RBI) was?
Last Answer : C.D. Deshmukh in 1943.
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 : 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 : 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 : 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 : 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 : 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 : 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 of the following statements are correct about the National Advisory Council (NAC) ? 1. The National Advisory Council is a statutory body. 2. It is headed by the Prime Minister of India. 3. It facilitates constant interaction with the ... 1, 2 and 3 (B) 2, 3 and 4 (C) 1, 3 and 4 (D) 3 and 4
Last Answer : Answer: D
Description : What are two Cabinet-level positions? Choose one: a. Secretary of Defense and Secretary of State b. Governor of New York and Governor of California c. First Lady and White House Spokesperson d. President of the Senate and Speaker of the House
Last Answer : Correct Answer: a. Secretary of Defense and Secretary of State
Description : The session of the parliament is summoned by: (A) The Speaker of the Lok Sabha and the Chairman of the Rajya Sabha (B) The President (C) The Prime Minister (D) The Speaker of the Lok Sabha
Last Answer : (B) The President
Description : In the warrant of precedence, the Speaker of the Lok Sabha comes next only to (A) The President (B) The Vice-President (C) The Prime Minister (D) The Cabinet Ministers
Last Answer : (C) The Prime Minister
Description : The Lok - Sabha can be dissolved before the expiry of its normal five year term by: (A) The Prime Minister (B) The Speaker of Lok Sabha (C) The President on the recommendation of the Prime Minister (D) None of the above
Description : CRR means (a) Cash Reserve Ratio ; (b) Current rate of return ; (c) Cumulative rate of return; (d) Current rate of Rupee
Last Answer : (a) Cash Reserve Ratio ;
Description : In case the President wishes to resign, to whom is he to address his resignation letter? (1) Chief Justice of India (2) Secretary of Lok Sabha (3) Vice President (4) Prime Minister
Last Answer : (3) Vice President Explanation: Article 56 of the Indian Constitution says that the President shall hold office for a term of five years from the date he takes up his post. Article 56 also provided that the President may, by writing under his hand addressed to the Vice-President, resign his office.
Description : In case the President wishes to resign, to whom he is to address his resignation letter? (1) Chief Justice of India (2) Secretary of Lok Sabha (3) Vice-President (4) Prime Minister
Last Answer : (3) Vice-President Explanation: Article 56 of the Indian Constitution states that (1) the President shall hold office for a term of five years from the date on which he enters upon his office: ... to clause (1) shall forthwith be communicated by him to the Speaker of the House of the People.
Description : Who is the first Law Officer of the Government of India? (1) Chief Justice of India (2) Union Law Minister (3) Attorney General of India (4) Law Secretary
Last Answer : (3) Attorney General of India Explanation: Attorney General of India is the first law officer of the Government of India.
Description : Who of the following enjoys the rank of Cabinet Minister in Union Cabinet? (1) Judge of Supreme Court (2) Secretary to Government of India (3) Political Advisor to PM (4) Deputy Chairman of Planning Commission
Last Answer : (4) Deputy Chairman of Planning Commission Explanation: With the prime minister as the exofficio Chairman, the Planning Commission has a nominated Deputy chairman, who is given the rank of a full Cabinet. Minister. Mr. Mont& Singh Ahluwalla is presently the Deputy Chairman of the Commission.
Description : Excluding India name 2 other countries that use the rupee as currency.
Last Answer : Answer: India, Mauritius, Nepal, Pakistan, Seychelles and Sri Lanka.
Description : 1. Which country won the first World Cup cricket tournament in 1975 ? 2. Who sings on One-rupee currency notes? 3. The first explosion of an atomic device in India was carried out in ... floats called? 20. Which has proved the best source of information for depicting India's ancient history?
Last Answer : Answer : 1. West Indies 2. Finance Secretary of India 3. Rajasthan 4. Wheat 5. Bihar 6. Kornberg 7. Vice-President 8. Chess 9. Bihar and Uttar Pradesh 10. Pala Dynasty 11. Mountaineering ... 15. Cat 16. 25 years 17. Mixed economy 18. Vijaya Lakshmi Pandit 19. Asthenosphere 20. Inscriptions
Description : 1. Which of light are strongly absorbed by plants? 2. Higher than Hopes' is a biography of which author? 3. How many languages are used on a ten rupee note? 4. Which are the materials that ... country? 19. Which is the World's longest river? 20. In which two seets was Jainism divided into?
Last Answer : Answer : 1. Blue and red 2. Nelson Mandela 3. 15 4. Solid, liquid, gaseous 5. Shihabuddin Muhammad Gori 6. Fumaric acid 7. Advocate General 8. Vitamin D 9. Andes 10. Amir Khusarau 11. ... 16. The Council of Ministers 17. Bernoulli's principle 18. Madhya Pradesh 19. Nile 20. Svetambara and Digambara
Description : The Council of Ministers in a State is collectively responsible to – (1) the Governor (2) the Chief Minister (3) the President of India (4) the Legislative Assembly
Last Answer : (4) the Legislative Assembly Explanation: In the states, the Governor, as the representative of the President, is the head of Executive, but real executive power rests with the Chief Minister ... of Ministers of a state is collectively responsible to the elected legislative assembly of the state.
Description : The Governor of a State is appointed by (1) the Prime Minister (2) the Chief Justice of India (3) the President (4) the Chief Justice of the High Court
Last Answer : (3) the President Explanation: The Governor of the States of India is appointed by the President of India for a period of five years. A Governor is appointed on the advice of the Union Council of Ministers, or in reality on the advice of the Prime Minister.
Description : Under the provisions of the Constitution of India, who is entitled to be consulted by the President of India in the matter of the appointments of the Judges of the High Court? (1) The Union Minister of ... (2) The Advocate General of the State (3) The Attorney-General of India (4) The Governor
Last Answer : (4) The Governor Explanation: Clause (1) of Article 217 says that "every judge of a High Court shall be appointed by the President by warrant under his hand and seal after consultation with the Chief Justice of India, the Governor of the State.
Description : In India who is the executive head of the state? (1) Prime Minister (2) The President (3) The Chief justice of Supreme Court (4) The Governor
Last Answer : (2) The President Explanation: The president of India is the head of state and the commander-in-chief of the Indian Armed Forces whilst the elected prime minister acts as the head of the executive, and is responsible for running the union government.
Description : Chief Justice of High Court is appointed by - (1) President of India (2) Governor of the State (3) Chief Justice of the Supreme Court of India (4) Prime Minister of India
Last Answer : (1) President of India Explanation: The Chief Justice of High Court is appointed by the President of India with the consultation of the chief Justice of the Supreme Court and the Governor of the State.