Who is the Chairman of the Fifteenth Finance Commission of India ?

• Anurag Thakur
• V. K. Singh
• R. Jain
• N. K. Singh
Solution
Correct Option: D  [ N. K. Singh ]

Explanation:

Economic growth is usually coupled with ___________.

• deflation
• inflation
• Stagflation
• hyper inflation
Solution
Correct Option: B  [ inflation ]

Explanation:

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
Solution
Correct Option: A  [ 1st January, 2015 ]

Explanation:

Which of the following sources provides highest tax revenue to Government of India?

• Personal Income Tax
• Excise Duty
• Corporation Tax
• Customs Duty
Solution
Correct Option: C  [ Corporation Tax ]

Explanation:

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:

In India, National Income is computed by :

• Ministry of Fianance
• Central Statistical Organisation
• National Development Council
• Finance Commission
Solution
Correct Option: B  [ Central Statistical Organisation ]

Explanation:

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, popularly known as Black Money Act, 2015 came into effect from :

• 1st April, 2015
• 1st May, 2015
• 1st June, 2015
• 1st July, 2015
Solution
Correct Option: D  [ 1st July, 2015 ]

Explanation:

A closed economy is an economy in which:

• the money supply is fully controlled
• deficit financing takes place
• only exports take place
• Neither exports nor imports take place.
Solution
Correct Option: D  [ Neither exports nor imports take place. ]

Explanation:

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
Solution
Correct Option: C  [ partly by the Central Government and partly by the State Government ]

Explanation:

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

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

Explanation: