Indian Economy

Q. Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?

A
NITI Ayog
B
The Comptroller General of Accounts
C
RBI
D
None of these

Correct Answer

The Comptroller General of Accounts

More Questions on Indian Economy

  • Q. Rice, Millet (Jawar-Bajra ), Maize and cotton is the group which belongs to:
    A)Kharif crop
    B)Both A and B
    C)Rabi crop
    D)None of the above
    Answer: Kharif crop
  • Q. The Money Order system in India was introduced in the year :
    A)1880
    B)1882
    C)1999
    D)1904
    Answer: 1880
  • Q. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
    A)Essar Oil
    B)GAIL
    C)Reliance Energy
    D)ONGC
    Answer: Essar Oil
  • Q. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
    A)1998
    B)1999
    C)1997
    D)2000
    Answer: 1999
  • Q. The central co-operative banks are in direct touch with
    A)state co-operative banks
    B)farmers
    C)land development banks
    D)central government
    Answer: state co-operative banks
  • Q. Which of the following is not viewed as a national debt?
    A)Life Insurance Policies
    B)National Saving Certificate
    C)Provident Fund
    D)Long-term Government Bonds
    Answer: National Saving Certificate
  • Q. The main rubber producing state in the country is:
    A)Tamil Nadu
    B)Karnataka
    C)Kerala
    D)Hyderabad
    Answer: Kerala
  • Q. Securities and Exchange Board of India (SEBI) was established on:
    A)July 12, 1982
    B)July 9, 1988
    C)April 12, 1988
    D)July 5, 1995
    Answer: April 12, 1988
  • Q. Income tax in India was introduced by:
    A)James Wilson
    B)Nicholas Kaldor
    C)William Jones
    D)Mahavir Tyagi
    Answer: James Wilson
  • Q. In India Yellow revolution is associated with:
    A)production of oil seeds.
    B)production of flower
    C)production of tea
    D)production of paddy
    Answer: production of oil seeds.
  • Q. National Electricity Policy envisages elimination of power shortage by 2012 through addition of:
    A)75000 Megawatt
    B)100000 Megawatt.
    C)50000 Megawatt
    D)125000 Megawatt
    Answer: 100000 Megawatt.
  • Q. The share of road transport in total transportation of the country is:
    A)70%
    B)75%
    C)60%
    D)80%
    Answer: 80%
  • Q. The co-operative credit societies have a
    A)three-tier structure
    B)four-tier structure
    C)two-tier structure
    D)five-tier structure
    Answer: three-tier structure
  • Q. Regional rural banks I=have limited area of operation II=have free access to liberal refinance facilities from NABARD III=are required to lend only to weaker sections
    A)II, III
    B)I, II, III
    C)I, III
    D)I, II
    Answer: I, II
  • Q. The first national commission on labours was constituted on:
    A)December 24, 1967
    B)December 24, 1966.
    C)November 24, 1966
    D)November 24, 1967
    Answer: December 24, 1966.
  • Q. The concept of zero-based budgeting was given by:
    A)Peter drucker
    B)Jagdish bhagwati
    C)Peter A. Payer.
    D)None of these
    Answer: Peter A. Payer.
  • Q. Excess of Total Expenditure over total Receipts is :
    A)Surplus Budget
    B)Balanced Budget
    C)Deficit Budget
    D)None of the above
    Answer: Deficit Budget
  • Q. Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to
    A)SBI
    B)ARDC
    C)NABARD
    D)PACs
    Answer: NABARD
  • Q. Navaratna Status is concerned with:
    A)Private Sector Companies
    B)Public Sector Companies
    C)Both A and B
    D)None of the above
    Answer: Public Sector Companies
  • Q. Meera Seth committee was associated with:
    A)sex discrimination at work place
    B)female foeticide
    C)the development of handloom industry.
    D)banking sector
    Answer: the development of handloom industry.

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