Finance bill of Indian Government is presented in – -General Knowledge

Finance bill of Indian Government is presented in – -General Knowledge
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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

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.

Which one of the following Bills must be passed by each House of the Indian parliament separately, by special majority? (1) Ordinary Bill (2) Money Bill (3) Finance Bill (4) Constitution Amendment Bill

Description : Which one of the following Bills must be passed by each House of the Indian parliament separately, by special majority? (1) Ordinary Bill (2) Money Bill (3) Finance Bill (4) Constitution Amendment Bill

Last Answer : (4) Constitution Amendment Bill Explanation: The Constitutional amendment bill must be passed by each house of the Indian Parliament separately by special majority.

Would the bill presented by John McCain about net neutrality have an effect on internet users around the world if it passes?

Description : Would the bill presented by John McCain about net neutrality have an effect on internet users around the world if it passes?

Last Answer : His idiocy would be confined to the States, where dollars always trump freedom.

After a Bill has been passed by the Houses of the Parliament, it is presented to the President who may either give assent to the Bill or with hold his assent. The President may - (1) assent within six months (2) assent or reject the Bill as soon as possible (3) return the Bill as soon as possible after the Bill is presented to him with a message requesting the House to reconsider the Bill (4) with hold his assent even if the Bill is passed again by the Houses

Description : After a Bill has been passed by the Houses of the Parliament, it is presented to the President who may either give assent to the Bill or with hold his assent. The President may - (1) assent within six ... to reconsider the Bill (4) with hold his assent even if the Bill is passed again by the Houses

Last Answer : (3) return the Bill as soon as possible after the Bill is presented to him with a message requesting the House to reconsider the Bill Explanation: Article 111 of the Indian constitution ... houses of the parliament or return the bill as soon as possible for reconsideration with his recommendation

A bill presented in Parliament becomes an Act after - (1) It is passed by both the Houses. (2) The president has given his assent (3) The Prime Minister has signed it (4) The Supreme Court has declared it to be within the competence of the Union Parliament

Description : A bill presented in Parliament becomes an Act after - (1) It is passed by both the Houses. (2) The president has given his assent (3) The Prime Minister has signed it (4) The Supreme Court has declared it to be within the competence of the Union Parliament

Last Answer : (2) The president has given his assent Explanation: Under article 53 power of president mentioned. Any bill presented in parliament becomes an act after president's assent.

A money bill can be presented in the state assembly with prior authorization of

Description : A money bill can be presented in the state assembly with prior authorization of

Last Answer : Governor of the state

A Filipino politician presented a bill in the Senate in 1962 to adopt this name in place of the Philippines. While the bill was being debated, news arrived that the name had already been chosen by the freedom movement in a nearby country-in-waiting. What name?

Description : A Filipino politician presented a bill in the Senate in 1962 to adopt this name in place of the Philippines. While the bill was being debated, news arrived that the name had already been chosen by the freedom movement in a nearby country-in-waiting. What name?

Last Answer : Malaysia.

In case of insolvency of a drawee, a bill should be presented for acceptance to the A. Official receiver B. Acceptor for honour C. Drawee incase of need

Description : In case of insolvency of a drawee, a bill should be presented for acceptance to the A. Official receiver B. Acceptor for honour C. Drawee incase of need

Last Answer : A. Official receiver

my husband abandoned me & 3 sons, i have no money, no way to pay ANY bill, now he lied to a finance co. to repo MY only car(illegally), & i wont b able to get job,cant get food, supplies, cat/dog food, soon no lights, what can i do I need to keep us alive?

Description : my husband abandoned me & 3 sons, i have no money, no way to pay ANY bill, now he lied to a finance co. to repo MY only car(illegally), & i wont b able to get job,cant get food, supplies, cat/dog food, soon no lights, what can i do I need to keep us alive?

Last Answer : Try to go to a local church. They can help with food,clothing and some times bills. The local state office of Family and Children Services, or Community Based Services should assist. Also ... ER possibilities. Women with children do have resources (limited) if they can find the appropriate agency.

If you are a cosigner for someone to buy a car the car is reposses you are willing to pay the balance oon the car, but the finance company refuses to release the bill of sell and the balance left on the loan. I am willing to pay the balance what do I do ?

Description : If you are a cosigner for someone to buy a car the car is reposses you are willing to pay the balance oon the car, but the finance company refuses to release the bill of sell and the balance left on the loan. I am willing to pay the balance what do I do ?

Last Answer : You should speak with the manager of the finance company and explain that you are willing to pay the car off and keep your credit in good standing.

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

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.

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

Description : 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

Last Answer : (4) Speaker of Lok Sabha Explanation: A Money Bill can be introduced only in the Lok Sabha. It can be introduced only on the recommendation of the President. A bill is a Money Bill or not will be decided by speaker of Lok Sabha.

Who among the following decides if a particular Bill is a Money Bill or not? (1) President (2) Speaker of Lok Sabha (3) Chairman of Rajya Sabha (4) Finance Minister

Description : Who among the following decides if a particular Bill is a Money Bill or not? (1) President (2) Speaker of Lok Sabha (3) Chairman of Rajya Sabha (4) Finance Minister

Last Answer : (2) Speaker of Lok Sabha Explanation: Under the Constitution, the Speaker enjoys a special position insofar as certain matters pertaining to the relations between the two Houses of Parliament ... parliamentary parties it is the Speaker who lays down the necessary guidelines for such recognition.

Who certifies a Bill to be a Money Bill in India – (1) Finance Minister (2) President (3) Speaker of the Lok Sabha (4) Prime Minister

Description : Who certifies a Bill to be a Money Bill in India – (1) Finance Minister (2) President (3) Speaker of the Lok Sabha (4) Prime Minister

Last Answer : (3) Speaker of the Lok Sabha Explanation: The Speaker of the Lok Sabha conducts the business in the house. He/she decides whether a bill is a money bill or a non money bill.

Identify the correct sequence of passing a Budget in the Parliament - (1) Vote on Account, Finance Bill, Appropriation Bill Discussion on Budget (2) Finance Bill, Appropriation Bill, Discussion on Budget, Vote on Accounts (3) Discussion on Budget, Vote on Account, Finance Bill, Appropriation Bill (4) Discussion on Budget, Appropriation Bill, Finance Bill, Vote on Account

Description : Identify the correct sequence of passing a Budget in the Parliament - (1) Vote on Account, Finance Bill, Appropriation Bill Discussion on Budget (2) Finance Bill, Appropriation Bill, Discussion ... Bill, Appropriation Bill (4) Discussion on Budget, Appropriation Bill, Finance Bill, Vote on Account

Last Answer : (4) Discussion on Budget, Appropriation Bill, Finance Bill, Vote on Account Explanation: The correct sequence is, Discussion on Budget, Appropriation Bill, Finance Bill, Vote on Account.

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

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.

Rajya Sabha can delay the Finance bill sent for its consideration by the Lok Sabha for a maximum period of - (1) One month (2) One Year (3) Seven day (4) Fourteen days

Description : Rajya Sabha can delay the Finance bill sent for its consideration by the Lok Sabha for a maximum period of - (1) One month (2) One Year (3) Seven day (4) Fourteen days

Last Answer : (4) Fourteen days Explanation: Rajya Sabha can delay the Finance Bill sent for its consideration by the Lok Sabha for a maximum period of fourteen days.

No Money bill can be introduced in the Lok Sabha without the prior approval of the (1) Vice-President (2) President (3) Prime Minister (4) Finance Minister

Description : No Money bill can be introduced in the Lok Sabha without the prior approval of the (1) Vice-President (2) President (3) Prime Minister (4) Finance Minister

Last Answer : (2) President Explanation: The money bill originates only in the Lok Sabha. No money bill can be introduced in the Lok Sabha without the prior approval of the president.

A Bill is certified as Money Bill in Lok Sabha by – (1) the President (2) the Finance Minister (3) the Prime Minister (4) the Speaker

Description : A Bill is certified as Money Bill in Lok Sabha by – (1) the President (2) the Finance Minister (3) the Prime Minister (4) the Speaker

Last Answer : (4) the Speaker Explanation: The Speaker of the Lok Sabha conducts the business in the house. He/she decides whether a bill is a money bill or a non money bill.

Government grants related to income as per the Accounting Standard (AS)-12 should be– (A) Presented as a credit in the statement of Profit and Loss (B) Presented as a deferred income on the asset side of the balance sheet (C) Presented as a capital grant on the liability side of balance sheet (D) Presented both in the Profit and Loss statement and in the balance sheet

Description : Government grants related to income as per the Accounting Standard (AS)-12 should be- (A) Presented as a credit in the statement of Profit and Loss (B) Presented as a deferred income on the asset ... of balance sheet (D) Presented both in the Profit and Loss statement and in the balance sheet

Last Answer : Answer: Presented both in the Profit and Loss statement and in the balance sheet

motion that seeks to reduce the amount of demand presented by government to Re. 1 /is known as - (1) Disapproval of policy Cut (2) Token cut (3) Economy cut (4) Vote on account

Description : motion that seeks to reduce the amount of demand presented by government to Re. 1 /is known as - (1) Disapproval of policy Cut (2) Token cut (3) Economy cut (4) Vote on account

Last Answer : (1) Disapproval of policy Cut Explanation: Disapproval of Policy Cut seeks to reduce the amount of the demand be reduced to Re.1/-' representing disapproval of the policy underlying the demand. A ... points mentioned in the notice and it shall be open to members to advocate an alternative policy.

A motion that seeks to reduce the amount of demand presented by government to Re. 1/is known as (1) Disapproval of policy Cut (2) Token cut (3) Economy cut (4) Vote on account

Description : A motion that seeks to reduce the amount of demand presented by government to Re. 1/is known as (1) Disapproval of policy Cut (2) Token cut (3) Economy cut (4) Vote on account

Last Answer : Disapproval of policy Cut

An Indian Postal Order presented for payment not bearing the round MO stamp of office of issue a) Cannot be paidb) Can be paid after necessary verification from the office of issuec) Will be returned to office of issue for suplly of omission and paidd) None of these

Description : An Indian Postal Order presented for payment not bearing the round MO stamp of office of issue a) Cannot be paid b) Can be paid after necessary verification from the office of issue c) Will be returned to office of issue for suplly of omission and paid d) None of these

Last Answer : b) Can be paid after necessary verification from the office of issue

Who was the Finance Minister of India in the Interim Government during 1946-1947 ? -Do You Know?

Description : Who was the Finance Minister of India in the Interim Government during 1946-1947 ? -Do You Know?

Last Answer : answer:

Who was the Finance Minister of Mujibnagar Government ?

Description : Who was the Finance Minister of Mujibnagar Government ?

Last Answer : Captain M. Mansur Ali.

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

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

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

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.

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

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.

Who among the following was the Finance Minister or India in the Interim Government during 19461947? (1) R K Shanmukham. (2) John Mathai (3) Liaquat Ali Khan (4) Chintamanrao Deshrnukh

Description : Who among the following was the Finance Minister or India in the Interim Government during 19461947? (1) R K Shanmukham. (2) John Mathai (3) Liaquat Ali Khan (4) Chintamanrao Deshrnukh

Last Answer : (3) Liaquat Ali Khan Explanation: Liaquat All Khan became the first Finance Minister of India in the Interim Government during 19461947.

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.

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.

9. Which of the following international organization has lead the race to buy stake in government controlled IDBI bank? A) Asian Development Bank B) Commonwealth Development Corporation C) International Finance Corporation D) GIC of Singapore E) None of these

Description : 9. Which of the following international organization has lead the race to buy stake in government controlled IDBI bank? A) Asian Development Bank B) Commonwealth Development Corporation C) International Finance Corporation D) GIC of Singapore E) None of these

Last Answer : C) International Finance Corporation Explanation: World Bank s private sector lending arm International Finance Corporation (IFC) has emerged as the top contender to buy around 15 per cent in government ... Corporation. IFC is World Bank arm and is looking for a greater say in running IDBI.

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.

In July, the UK government‟s development finance unit, CDC announced to infuse Rs 1,000 crore into its Finance unit in India to boost people‟s access to affordable housing. This finance unit is A) SKS Microfinance Ltd B) India Infoline Finance C) IDF Financial Services Pvt Ltd D) YVU Financial Services Pvt Ltd E) None of these

Description : In July, the UK government s development finance unit, CDC announced to infuse Rs 1,000 crore into its Finance unit in India to boost people s access to affordable housing. This finance unit is A) ... Finance C) IDF Financial Services Pvt Ltd D) YVU Financial Services Pvt Ltd E) None of these

Last Answer : B) India Infoline Finance Explanation: Diversified financial services company IIFL Holdings announced that UK governmentowned CDC Group will invest about Rs 1,000 crore in its unit India Infoline ... needs of under-served segments through diversified offerings, IIFL Holdings said in a release.

Who was the Finance Minister of India in the Interim Government during 1946- 1947?

Description : Who was the Finance Minister of India in the Interim Government during 1946- 1947?

Last Answer : R. K. Shanmukham Chetty

Who prepares the five years plan? a) Finance Commission b) Planning Commission c) Government Of India d) None of the above

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

Who prepares the Five Year Plan? (i) Finance Commission (ii) Planning Commission (iii) Government of India (iv) None of the above

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

Which among the following generally does not come under Corporate5. None of these Banking ? 1. Structured Finance 2. Government Banking 3. FI, Capital Markets & Custodial Services 4. Debit Cards

Description : Which among the following generally does not come under Corporate Banking ? 1. Structured Finance 2. Government Banking 3. FI, Capital Markets & Custodial Services 4. Debit Cards 5. None of these

Last Answer : Debit Cards

The most promising source of saving to finance development is A. the profits of organized sector B. profits of railway C. profits of Government sector D. only the profit of private sector

Description : The most promising source of saving to finance development is A. the profits of organized sector B. profits of railway C. profits of Government sector D. only the profit of private sector

Last Answer : A. the profits of organized sector

Who are organisational stakeholders? A. Providers of finance B. Customers C. Employees D. Community E. Government F. All of the above

Description : Who are organisational stakeholders? A. Providers of finance B. Customers C. Employees D. Community E. Government F. All of the above

Last Answer : F. All of the above

Which of the following is an example of a government transfer payment? (a) Purchase of a new car for the Ministry of Finance ; (b) Funding of a clinic to provide free vaccinations. ; (c) Free food coupons issued to persons in an anti-poverty program. ; (d) Funding of a new bridge in an urban area

Description : Which of the following is an example of a government transfer payment? (a) Purchase of a new car for the Ministry of Finance ; (b) Funding of a clinic to provide free vaccinations. ; (c) Free food coupons issued to persons in an anti-poverty program. ; (d) Funding of a new bridge in an urban area

Last Answer : (c) Free food coupons issued to persons in an anti-poverty program. ;

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

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

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)

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

Finance commission is established under which article of Indian constitution?

Description : Finance commission is established under which article of Indian constitution?

Last Answer : Article 280

Which among the following is a constitutional body as per the Indian Constitution? (1) Finance Commission (2) National Development Council (3) Planning Commission (4) None of the above

Description : Which among the following is a constitutional body as per the Indian Constitution? (1) Finance Commission (2) National Development Council (3) Planning Commission (4) None of the above

Last Answer : (1) Finance Commission Explanation: Finance Commission is constituted to define financial relations between the Centre and the States. Under the provision of Article 280 of the constitution of India, the ... of non-plan revenue resources. YV Reddy is the chairman of the 14th Finance commission.

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.

B) CaixaBank Explanation: As per the agreement, they will expand banks‘ guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local enterprises The banks will collaborate in areas of mutual interest such as syndicated loan business, guarantee transactions, trade finance and export credit agency finance, infrastructure finance and networking services, among others.

Description : B) CaixaBank Explanation: As per the agreement, they will expand banks guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local ... finance and export credit agency finance, infrastructure finance and networking services, among others.

Last Answer : Recently an Indian bank launched next generation features on its app „iMobile‟ which will enable customers to instantly pay taxes and book railway tickets within the app. Name the bank. A) Federal Bank B) Punjab National Bank C) Kotak Mahindra Bank D) ICICI Bank E) Bandhan Bank