NITI Aayog, which replaced the Planning commission of India, was formed by a cabinet resolution of the Government of Inda on:

• 1st January, 2015
• 26th January, 2015
• 15th August, 2015
• None of the above
Correct Option: A  [ 1st January, 2015 ]

Remark:

The Reserve Bank of India was established in the year :

• 1930
• 1935
• 1940
• 1945
Correct Option: B  [ 1935 ]

Remark: RBI Nationalized on 1st Jan, 1949.

The architect of the Second Five Year Plan was :

• Mahatma Gandhi
• Subhash Chandra Bose
• P. C. Mahalanobis
• None of them
Correct Option: C  [ P. C. Mahalanobis ]

Remark:

Fiscal Deficit is:

• Government expenditure minus borrowings
• Government expenditure minus revenue receipts
• Same as budget deficit
• Budget deficit minus borrowings and other liabilities
Correct Option: B  [ Government expenditure minus revenue receipts ]

Remark:

Who was the head of the 10th Finance Commission?

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

Remark:

Where is the headquarter of State Bank of India (SBI) situated ?

• Delhi
• Mumbai
• Pune
• Srinagar
Correct Option: B  [ Mumbai ]

Remark:

In India, Special Economic Zones were established to enhance:

• Technology Development
• Free Trade
• Foreign Investment
• Employment
Correct Option: B  [ Free Trade ]

Remark:

Pradhan Mantri Jan Dhan Yojana was first announced by Hon'ble Prime Minister Modi on:

• 15th August, 2014
• 28th August, 2015
• 26th January, 2016
• None of the above
Correct Option: A  [ 15th August, 2014 ]

Remark:

Which of the following sector gives the largest income in India ?

• Trade sector
• Railway
• Agriculture
• Service sector
Correct Option: D  [ Service sector ]

Remark:

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
Correct Option: C  [ Increase Cash Reserve Ratio (CRR) ]

Remark: