Planning Commission of India was established in

Q. Planning Commission of India was established in A. 1947 B. 1950 C. 1951 D. 1949 Answer: B. 1950  Planning Commission of India was established on 15 March 1950, with Prime Minister Jawaharlal Nehru as the Chairman. Authority for the creation of the Planning Commission was not derived from the Constitution of India or statute; it … Continue reading Planning Commission of India was established in

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A fall in demand or rise in supply of a commodity

Q. A fall in demand or rise in supply of a commodity A. increase the price of that commodity B. decrease the price of that commodity C. neutralizes the changes in the price D. determines the price elasticity Answer: B. decrease the price of that commodity The amount of a good in the market is … Continue reading A fall in demand or rise in supply of a commodity

Who has the sole right to issue paper currency in India?

Q. Who has the sole right to issue paper currency in India? A. The Government of India B. The Finance Commission C. The Reserve Bank of India D. The Central Bank of India Answer: C. the Reserve Bank of India The Reserve Bank of India has the sole right to issue paper currency in India. … Continue reading Who has the sole right to issue paper currency in India?

10 Facts of The Economic Survey 2018

Introduction Union Finance Minister Arun Jaitley tabled the Economic Survey in Parliament on January 29, 2018. The Economic Survey 2018 is authored by Chief Economic Adviser Arvind Subramanian. The annual survey highlights the policy priorities of the government and gives a detailed account of the state of the economy, especially in the wake of implementation … Continue reading 10 Facts of The Economic Survey 2018

Banking Awareness Practice Questions with Answers

Banking and Economic Awareness-Set 01

Q1. CRISIL, the largest credit rating agency in India was established in A. 1985 B. 1987 C. 1992 D. 1994 Answer: B. 1987 CRISIL short for Credit Rating Information Services of India Limited was the first credit rating agency set up in India on January 29, 1987. The agency started operations in 1988.  At the time … Continue reading Banking and Economic Awareness-Set 01