ECONOMY QUESTION AND ANSWER PART 6

1)Who was the chairman of the first Finance Commission of India:
a)K. Santhanam
b)A.K Chanda
c)K.C Neogy
d)Y.B Chavan

c)K.C Neogy

2)Tobin Tax was introduced in the year of:
a)1978
b)1988
c)1980
d)1985

a)1978

3)Which Prime Minister presented budget in India:
a)Manmohan Singh
b)I.K Gujral
c)Indira Gandhi
d)Moraji Desai

c)Indira Gandhi

4)In India VAT was first time introduced in:
a)Haryana
b)Assam
c)Uttar Pradesh
d)West Bengal

a)Haryana

5)Raj Committee is related to:
a)Fiscal structure
b)Income tax deduction
c)Central tax code
d)Agriculture tax

d)Agriculture tax

6)After independence of India the 1st budget was presented on 26th November 1947 by:
a)S.P Mukherjee
b)C.D Deshmukh
c)Liayakat Ali Khan
d)Sri Shanmukhan Chetty

d)Sri Shanmukhan Chetty

7)From the below option pick out which is kharif crops:
a)Barley
b)Wheat
c)Sugarcane
d)Watermelons

c)Sugarcane

8)'Garibi Hatao' slogan was introduced in India in which Five year plan:
a)5th five year plan
b)4th five year plan
c)3rd five year plan
d)6th five year plan

b)4th five year plan

9)RBI was established in which year:
a)1949
b)1935
c)1951
d)1945

b)1935

10)In 1969, how many banks were nationalized:
a)22
b)5
c)19
d)14

d)14