Finance Commission TNPSC Group 4 VAO Questions

Indian Economy

Finance Commission MCQ Questions

1.
Name the first Finance Minister of India who presented the budget
A.
Charan Singh
B.
Jawaharlal Nehru
C.
Morarji Desai
D.
R.K.Shanmukham Chetty
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ANSWER :
D. R.K.Shanmukham Chetty
2.
Which is true for Finance commission?
A.
1st Finance commission is established in 1951
B.
It is constituted under Article 280 of the constitution
C.
Y.V. Reddy is chairman of the 14th Finance commission
D.
All of these
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ANSWER :
D. All of these
3.
When was the first budget of free india presented?
A.
26.11.1947
B.
15.08.1947
C.
20.01.1950
D.
18.12.1950
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ANSWER :
A. 26.11.1947
4.
Who conducts public debt operations of the Government of India?
A.
The controllers of Capital Issues
B.
The union Ministry of Finance
C.
State Bank of India
D.
The Reserve Bank of India
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ANSWER :
A. The controllers of Capital Issues
5.
Federal Finance deals with
A.
State finances
B.
Finance of Railways
C.
Local Bodies
D.
Centre-state Financial relations
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ANSWER :
D. Centre-state Financial relations
6.
Who said " The budget need not be a sector affair"?
A.
R. Venkatraman
B.
Palkhiwalah
C.
C.Subramaniam
D.
Chintamani Deshmukh
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ANSWER :
B. Palkhiwalah