INDIAN POLITY MCQS SET 95

INDIAN POLITY MCQS SET 95

941) Five Year Plan in lndia is finally approved by
A) Union Cabinet
B) President on the advice of Prime Minister
C) Planning Commission
D) National Development Council
Answer:  National Development Council
   
942) Which of the following statements is incorrect?
A) Parliament has exclusive power to tax on 14 subjects
B) State legislature has exclusive power to tax on 20 subjects
C) Both have the exclusive power to tax on 3 subjects
D) Gift tax is levied by the State Government
Answer:  Both have the exclusive power to tax on 3 subjects
   
943) Consider the following statements
The function(s) of the finance Commission is / are
1. to allow the withdrawal of the money out of the Consolidated Fund of India.
2. to allocate between the States the shares of proceeds of taxes.
3. to consider the application for Grant-in-aid from States.
4. to supervise and report on whether the Union and State Governments are levying taxes in accordance with the budgetary provisions.
Which of these statements is/are correct?
A) Only 1
B) 2 and 3
C) 3 and 4
D) 1, 2 and 4
Answer:  2 and 3
   
944) With reference to the Constitution of India, which one of the following pairs is not correctly matched?
Subject List
A) Forests Concurrent List
B) Stock Exchange Concurrent List
C) Post Office Saving Bank Union List
D) Public Health State List
Answer:  Stock Exchange Concurrent List
   
945) Which one of the following Articles of the Constitution of India says that the executive power of every State shall be so exercise as not to impede or prejudice the exercise of the executive power of the Union?
A) Article 257
B) Article 258
C) Article 355
D) Article 358
Answer:  Article 257

946) Which one of the following subjects is under the Union List in the Seventh Schedule of the Constitution of India?
A) Regulation of labour and safety in mines and oil fields
B) Agriculture
C) Fisheries
D) Public Health
Answer:  Regulation of labour and safety in mines and oil fields
   
947) The authorisation for the withdrawal of funds from the Consolidated Fund of India must come from
A) the President of India
B) the Parliament of India
C) the Prime Minister of India
D) the Union Finance Minister
Answer:  the President of India
   
948) All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the
A) Contigency Fund of India
B) Public Account
C) Consolidated Fund of India
D) Deposits and Advances Fund
Answer:  Consolidated Fund of India
   
949) When the Annual Union Budget is not passed by the Lok Sabha
A) the Budget is modified and presented again
B) the Budget is referred to the Rajya Sabha for suggestions
C) the Union Finance Minister is asked to resign
D) the Prime Minister submits the resignation of Council of Ministers
Answer:  the Prime Minister submits the resignation of Council of Ministers
   
950) Which one of the following statements appropriately describes the 'Fiscal Stimulus'?
A) It is an intense affirmative action of the Government to boost economic activity in the country
B) It is a massive investment by the government in manufacturing sector to ensure the supply of goods to meet the demand surge caused by rapid economic growth
C) It is an extreme affirmative action by the government to pursue its policy 3 of financial inclusion
D) It is government's intensive action of the government action on financial institutions to ensure disbursement of loans to agriculture and allied sectors to promote greater food production and contain food inflation.
Answer:  It is an intense affirmative action of the Government to boost economic activity in the country