Q. The tax which the kings used to collect from the people in the Vedic period was called A. Bali B. Vidatha C. Varman D. Kara Answer: A. Bali In the early Vedic period the king collected taxes regularly from his subjects. The taxes were called Bali and consisted of 1/6 the agricultural produce or … Continue reading The tax which the kings used to collect from the people in the Vedic period was called
Q. In the Gupta period, the largest numbers of coins were issued in A. gold B. silver C. copper D. iron Answer: A. gold In the Gupta period (early 4th to the late 6th century), the largest numbers of coins were issued in Gold coins. In this period, different Gupta rulers circulated a large number … Continue reading In the Gupta period, the largest numbers of coins were issued 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
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
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?
Q. ‘Operation Flood’ is associated with– A. milk production B. wheat production C. flood control D. water harvesting Answer: A. milk production In 1970, National Dairy Development Board (NDDB) under the chairmanship of Dr. Verghese Kurien initiated the ‘Operation Flood’ by learning from village cooperatives of Gujarat. [Village cooperatives were the model in which farmers … Continue reading ‘Operation Flood’ is associated with–
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