Scheme run under MGNREGA are sponsored :

• by the Central Government alone
• by the State Government alone
• partly by the Central Government and partly by the State Government
• by Centre, State and Panchayat bodies together
Correct Option: C  [ partly by the Central Government and partly by the State Government ]

Remark:

Which is the following is direct tax ?

• Income tax
• Excise duty
• Sales tax
• None of these
Correct Option: A  [ Income tax ]

Remark:

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
Correct Option: C  [ Governor, Reserve Bank of India ]

Remark:

Major part of the Indian agriculture is characterized by

• Large size farm
• Capitalist agriculture
• Small size farm
• Co-operative farm
Correct Option: C  [ Small size farm ]

Remark:

The growth of per capita income of current prices is higher than that of per capita income at constant prices because the later takes into account the rate of

• growth of population
• increase in price level
• growth of money supply
• increase in the wage rate
Correct Option: B  [ increase in price level ]

Remark:

Who prints and supplies the currency notes in India:

• State Bank of India
• United Bank of India
• Reserve Bank of India
• United Commercial Bank of India
Correct Option: C  [ Reserve Bank of India ]

Remark:

The highest body which approves the Five Year Plan in India is :

• Parliament
• Planning Commission
• National Development Council
• Finance Commission
Correct Option: C  [ National Development Council ]

Remark:

The purpose of land reforms was to :

• increase the production in agriculture
• increase the purchasing power of the rural population
• ensure distributive justice with economic growth
• all of the above
Correct Option: D  [ all of the above ]

Remark:

The SEBI was given statutory recognition in 1992 on the recommendation of:

• the Chakraborty Commission
• the Chelliah Committee
• the Tendulkar Committee
• the Narasimham Committee
Correct Option: D  [ the Narasimham Committee ]

Remark:

Which of the following is the role of Finance Commission ?

• Sharing of net proceeds of taxes between the Centre and States.
• Recommending principles for governing the grants-in-aid to the States by the Centre
• Recommendations on matters referred to it by the President for the interest of finance
• All of the above
Correct Option: D  [ All of the above ]

Remark: