| 31. | How many finance commissions have been constituted so far? |
A. 10 | |
B. 11 | |
C. 13 | |
D. 14 |
| 32. | Who was the chairman of the first Finance Commission? |
A. K. C. Niyogi | |
B. K. Santhanam | |
C. A. K. Chanda | |
D. J M Shellett |
| 33. | Who among the following has not been the chairman of any Finance Commission constituted so far? |
A. Amrish Bagchi | |
B. Mahavir Tyagi | |
C. K. C. Pant | |
D. Brahmananda Reddy |
| 34. | Finance commission is constituted by – |
A. For a period of 4 years | |
B. For a period of 5 years | |
C. For a period of 7 years | |
D. For a period of 10 years |
| 35. | The chairman of the 14th Finance Commission is – |
A. A. M. Khusro | |
B. K. C. Pant | |
C. Vijay Kelkar | |
D. Y.V. Reddy |
| 36. | The main agency for settlement of financial disputes between the center and the states is – |
A. Supreme Court | |
B. Minister of Justice | |
C. Finance Minister | |
D. Finance Commission |
| 37. | Finance Commission- |
A. Makes a five year plan | |
B. Formulates monetary policy | |
C. Recommends revision of salaries of central government employees | |
D. Decides on the distribution of resources between the center and the states |
| 38. | Which one of the following is not a feature of the Nehru-Mahalanobis model of development strategy? |
A. Development of capital goods industries | |
B. Major involvement of the state in the economy | |
C. Industrial Deregulation and Disinvestment in Public Sector | |
D. Increase in the expansion and importance of the public sector |
| 39. | Which one of the following is the best description of the stated broad vision and aspirations of the Xth Five Year Plan (2012-17)? |
A. Faster, Sustainable and More Inclusive Growth | |
B. Modernization of industries and development of infrastructure | |
C. Enhancing Agriculture and Rural Income | |
D. Curbing inflation and strengthening non-economic variables such as nutritional needs, health and family planning |
| 40. | Which one of the following is not one of the objectives of the Second Five Year Plan? |
A. Rapid industrialization with special emphasis on the development of basic and heavy industries | |
B. Vast expansion of employment opportunities | |
C. Achieving self-sufficiency in food grains and increasing agricultural production to meet the needs of industry and exports | |
D. Reducing inequalities in income and wealth and a more equal distribution of economic power |