Whose signature is found on the 1000 rupee note of India?

• Finance Secretary of India
• Finance Minister Of India
• Governor, Reserve Bank of India
• President Of India
Solution
Correct Option: C  [ Governor, Reserve Bank of India ]

Explanation:

Which one of the following is the main source of revenue for the states ?

• Property tax
• Sales tax
• Excise duty
• None of these
Solution
Correct Option: B  [ Sales tax ]

Explanation:

First Five Year Plan started in India in the year?

• 1952
• 1956
• 1950
• 1951
Solution
Correct Option: D  [ 1951 ]

Explanation: 1951-56

The qualification for the Chairman and the members of the Finance Commission are specified in:

• Finance Act of 1951
• Finance Act of 1952
• Finance Act of 1950
• Finance Act of 1953
Solution
Correct Option: A  [ Finance Act of 1951 ]

Explanation:

In order to control inflationary price rise, Reserve Bank directs Banks to

• Reduce rate of interest on credit
• Reduce Statutory Liquidity Ratio (SLR)
• Increase Cash Reserve Ratio (CRR)
• Buy bonds from capital market
Solution
Correct Option: C  [ Increase Cash Reserve Ratio (CRR) ]

Explanation:

ICDS was first introduced in India in the year

• 1975
• 1977
• 1979
• None of these
Solution
Correct Option: A  [ 1975 ]

Explanation:

New Industrial Policy of India was introduced in the year:

• 1990
• 1991
• 1992
• 1993
Solution
Correct Option: B  [ 1991 ]

Explanation:

The Gandhian economy is based on the principle of:

• Competition
• Trusteeship
• State Control
• None of the above
Solution
Correct Option: B  [ Trusteeship ]

Explanation:

Which activity is not included in service sector ?

• Trade, hotels and restaurants
• Real estate, finance and insurance
• Transport and communication
• Electricity, gas and water supply
Solution
Correct Option: D  [ Electricity, gas and water supply ]

Explanation:

Who was the head of the 10th Finance Commission?

• K.C. Pant
• Manmohan Singh
• Vasant Sathe
• Shiv Shankar
Solution
Correct Option: A  [ K.C. Pant ]

Explanation: