NITI Aayog, which replaced the Planning commission of India, was formed by a cabinet resolution of the Government of Inda on:

• 1st January, 2015
• 26th January, 2015
• 15th August, 2015
• None of the above
Solution
Correct Option: A  [ 1st January, 2015 ]

Explanation:

Chairman of the 15th Finance Commission of India-

• NK Singh
• YV Reddy
• Ranghuram Rajan
• Ramesh Chand
Solution
Correct Option: A  [ NK Singh ]

Explanation:

NPA of a commercial bank means:

• Net-Performing Asset
• New-Performing Asset
• Non-Personal Account
• Non-Performing Asset
Solution
Correct Option: D  [ Non-Performing Asset ]

Explanation: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for long period.

Prime Minister Jan Dhan Yojana provides free Accident Insurance upto :

• Rs. 1 lac
• Rs. 1.5 lacs
• Rs. 2 lacs
• Rs. 2.5 lacs
Solution
Correct Option: A  [ Rs. 1 lac ]

Explanation:

Who was the first Governor of Reserve Bank of India (RBI)?

• C D Deshmukh
• Sir Osborne Smith
• James Braid Taylor
• Benegal Rama Rau
Solution
Correct Option: B  [ Sir Osborne Smith ]

Explanation: from 1935 to 1937

New Industrial Policy of India was introduced in the year:

• 1990
• 1991
• 1992
• 1993
Solution
Correct Option: B  [ 1991 ]

Explanation:

The architect of the Second Five Year Plan was :

• Mahatma Gandhi
• Subhash Chandra Bose
• P. C. Mahalanobis
• None of them
Solution
Correct Option: C  [ P. C. Mahalanobis ]

Explanation:

Who wrote the book Planned Economy for India?

• Jawaharlal Nehru
• Indira Gandhi
• M. Visvesvaraya
• Mahatma Gandhi
Solution
Correct Option: C  [ M. Visvesvaraya ]

Explanation:

Plan finance creates increase of money supply if there is

• increase in taxes
• increase in loan from the Reserve Bank of India
• increase in loan from commercial Banks
• increase in loan from general public
Solution
Correct Option: A  [ increase in taxes ]

Explanation:

Which of the following is not an asset held by the commercial bank ?

• Bills of exchange
• Current account deposits
• Money lent at short notice
• Credit balances with the Reserve Bank
Solution
Correct Option: B  [ Current account deposits ]

Explanation: