For Competitive Exam: GK (Indian Constitution)

For Competitive Exam: GK (Indian Constitution): The 10 th Schedule of the constitution of India relates to : Ans. Anti-defection Law. By which amendment, the fundamental ...

Finance Commission

• FINANCE COMMISSION (ART. 280)
• Established Year: 1951
• Article: 280
• Who appoints the finance Commission? President
• Finance Commission of India submits its report to? President 
•  What is the nature of Finance Commission? Advisory
• How is finance commission related with planning commission?
• The Finance Commission is a constitutional body while the Planning Commission is not statutory and merely an advisory body.
• In India the finance Commission is constituted for? 5 Years
• The role of the Finance Commission in Central-State fiscal relations has been undermined by? Ans: The State Governments
• The Finance Commission is primarily concerned with recommending to the president about?
• Ans: Finance Commission is a constitutional body and plays an important role in settling center state financial relations.

 So far 13 Finance Commissions have been appointed which are as follows:

Finance Commission	Year of Establishment	Chairman Operational	Duration
1	1951	K.C Neogy	1952-57
2	1956	K.Santhanam	1957-62
3	1960	A.K. Chanda	1962-66
4	1964	P.V. Rajamannarr	1966-69
5	1968	Mahaveer Tyagi	1969-74
6	1972	K. Brahmananda Reddy	1974-79
7	1977	J.M. Shellet	1979-84
8	1983	Y. B. Chavan	1984-89
9	1987	N.K.P. Salve	1989-95
10	1992	K.C Pant	1995-2000
11	1998	A.M.Khusro	2000-2005
12	2003	C.Rangarajan	2005-2010
13	2007	Vijay Kelkar	2010-2015

Functions

Functions of the Finance Commission can be explicitly stated as:

1.  Distribution of net proceeds of taxes between Centre and the States, to be divided as per their respective contributions to the taxes.
2.  Determine factors governing Grants-in Aid to the states and the magnitude of the same.
3. Work with the State Finance Commissions and suggest measures to augment the Consolidated Fund of the States so as to provide additional resources to Panchayats and Municipalities in the state.

Qualifications of the members

The Chairman of the Finance Commission is selected among people who have had the experience of public affairs. The other four other members are selected from people who:

• Are, or have been, or are qualified, as judges of High Court, or
•  Have knowledge of Government finances or accounts, or
•  Have had experience in administration and financial expertise; or
•  Have special knowledge of economics

Disqualification from being a member of the Commission

A member may be disqualified if:

1. He is mentally unsound;
2. He is an undischarged insolvent;
3. He has been convicted of an immoral offence;
4. His financial and other interests are such that it hinders smooth functioning of the Commission.

Terms of Office of Members and eligibility for Reappointment

Every member will be in office for the time period as specified in the order of the President, but is eligible for reappointment provided he has, by means of a letter addressed to the President, resigned his office.

Salaries and Allowances of the members

The members of the Commission shall provide full- time or part- time service to the Commission, as the President specifies in his order. The members shall be paid Salaries and Allowances as per the provisions made by the Central Government. So far, 13 Finance commissions have submitted their recommendations. More or less, all of them have been accepted by the Union Government.

English01

Improvement: (Q.1-10)

1.He denied to help me.

1.disagreed 2.refused 3.objected. 4.N.I.

2.Hardly somebody turned up at the meeting.

1.someone 2.everyone 3.anybody 4.N.I.

3.Akbar had a great reign than Babar.

1.largest 2.wise 3. Longer 4. N.I.

4. The villagers were silent witness for the murder.

1.witness of the murder 2.witness to the murder 3.witness in the murder 4. N.I.

5.The abolition of slavery was a kind act.

1.human 2.humane 3. Humid 4.N.I.

6.They had sang the national anthem before the audience dispersed.

1.had sung 2.was sang 3.sung 4.N.I.

7.Ram is the pretties of all the other contestants.

1.all the contestants 2. All other contestants 3. Other contestants 4.N.I.

8.The students were asked to unpack, eat their lunch and relaxing.

1.unpack, eating their lunch and relaxing 2.unpack, eat their lunch and relax 3.unpack, eating lunch and relaxing. 4.N.I.

9.The SBI is starting a new branch here tomorrow.

1.Beginning 2.establishing 3.opening 4.N.I.

10.He is ill for a week when his brother came.

1.was ill 2.has been ill 3.had been ill 4.N.I.

Error Correction:- ( Q.11-20)

1.All the members in the council /began shouting/at each other./N.E.

2.No sooner did the fisherman Abdul Sattar/see the bus plunge into the river/ that he immediately rowed his boat to the site and jumped in./N.E.

3.A pair of shoes / were standing /in the corner./N.E.

4.If I would have realised/ what a bad person my friend is/ I would have discorded his friendship./N.E.

5.Our Vedas and Upanishads /asked us to tread/ the path of honesty./N.E.

6.You can spare me/ten minutes of your valuable time /Isn’t it?/N.E.

7.Daniel was /one of the greatest judges/ that has everlived./N.E.

8. He is/ junior than the team leader/ by only a few months./N.E.

9.They have been/ prohibiting me for /borrowing money./N.E.

10.Last year two Italian prisoners of war/ escapes from a prison camp/ in Kenya during the war./N.E.

Find the correctly spelt word:-( Q. 21-25)

1.height 2.hieght 3.highte 4.heite

1.label 2.lebal 3.labal 4.labbel

1.musuem2.museum 3.musaum 4.muesum

1.occasion 2.ocassion 3.occassion 4.occesion

1.accommodation 2.acommodation 3.accomodation 4.acomodation.

Synonym: ( Q. 26-27)

INDUSTRIOUS

1.indolent 2.industrial 3.hard-working 4.economic

MOURN

1.motto 2.grieve 3.mount 4.decay

Antonym:( Q.28-29)

RANDOM

1.accidental 2.haphazard 3.incidental 4.deliberate

PRETEND

1.real 2.supposed 3.pseudo 4.common

Idiom & Phrase:- (Q.30-35)

30. To turn over a new leaf

1.to change for the better 2.to start writing a new book 3. To work on a novel idea 4. To clear the garden

31. Dark horse

1. an extremely corrupt person 2. A notorious criminal 3. An extremely rich person 4.an unexpected winner.

32.The poor man moved from pillar to post to get money.

1.went to pillars 2. Went to post 3. Went to money lender 4. Tried his best.

33. A brave soldier will never show the white feather in the face of his enemy.

1.show signs of cowardice 2. Act arrogantly 3. Show intimacy 4. Act impudently.

34. Though he is not a scholar, he wins arguments because he has the gift of the gab.

1.gifts from many people 2. A lot of money 3. A talent for speaking 4. A good memory.

35.To meet half-way

1.to come to terms by making compromise 2.to grow ill-tempered 3. To lessen gradually 4. To be out of one’s senses.

Math Set

1. What is the perimeter of the triangle with vertices A (-4, 2), B(0,-1) and C(3,3)?

a)      7 + 3√2 b) 10 + 5√2 c) 11 +6√2 d) 5 + √2

2. If the mid point between the points (a+b, a-b) and (-a, b) lies on the line ax + by = k, what is k equal t ?

a)      a/b b) a+b c) ab d)  a-d

3. Three dice are thrown. What is the probability that the same number will appear on each of them?

a)      1/6 b) 1/18 c) 1/24 d) 1/36

4. What is the probability that a leap year selected at random contains 53 Mondays?

a)1/7 b) 2/7 c) 7/366 d) 26/183

5. What is the sum of the squares of the roots of the equation x2 + 2x – 143= 0?

a)170 b)180 c) 190 d) 290

6. What is the distance between the lines 3x 4y =9 and 6x +8y=18?

a)0 b)3 units c)9 units d)18 units

7. The number 292 in decimal system is expressed in binary system by

a)100001010 b) 100010001 c) 100100100 d) 101010000

8. What is the arithmetic mean of first 16 natural numbers with weights being  the number itself?

a)17/2 b)33/2 c)11 d) 187/2

9. What is the mode for the data 20, 20, 21, 21, 21, 21, 21, 22, 22, 22, 22, 22, 22, 22, 23, 23, 23, 23, 23,24, 24, 25 ?

a)7 b) 21 c) 22 d) 24

10. If ¼ , 1/x, 1/10  are in HP, then what is the value of x?

a) 5 b) 6 c) 7 d) 8

11.Which one of the following is positive in the third quadrant?

a)sin   b) cos   c) tan  d) sec 

12. P, Q and R contract a work for Rs.550. Together, P and Q are supposed to do 7/11 of the work. How much does R get?

a)Rs220  b)Rs.320 c)Rs.210 d)None of these

13.Two men undertake to do a piece of work for Rs.200/-. One alone could do it in 6 days, the other in 8 days. With assistance of a boy they finish it in 3 days. How should the money be divided?

a)200,100,75 b)100,200,75 c)75,100,200 d)None

14.X,Y and Z together earn Rs.1350 in 9 days. X and Z together earn Rs.470 in 5 days. Y and Z together earn Rs.760 in 10 days. Find the daily earning of Z?

a)Rs.170 b) Rs.150 c)Rs.20 d) None

15.A sum of money is sufficient to pay A’s wages for 21 days of B’s wages for 28 days. For how many days is the money sufficient to pay the wages of both.

a)22 days b)20 days c) 12 days d)None

16. If  two pipes function simultaneously, the reservoir will be filled in 12 hours. One pipe fills the reservoir 10 hours faster than the other. How many hours does the slower pipe take to fill the reservoir?

a)20 hrs. b

GK (Economics)

1. Who is called the ‘Father  of Economics’?

a)Max Muller b)Karl Marx c)Adam Smith d) None of these

2. India has:

a)Socialistic economy b)Gandhian economy c)Mixed economy d) Free economy

3. Which of the following bodies finalises the Five Year Plan proposals?

a)Planning Commission b)Union Cabinet c)National Development Council d)Ministry of Planning

4. National Development Council was set up in:

a)1948 b)1950 c)1951 d)1952

5. The Planning Commission is:

a) a Ministry b)a Government department c)an Advisory body d)an Autonomous Corporation

6. Who was the first Deputy Chairman of Planning Commission of India?

a)Shri Jawaharlal Nehru b)Dr. Rajendra Prasad c)Shri V.T.Krishnamachari d)Shri C. Rajagopalachari.

7. Which Committee’s recommendations are being followed for estimation of Poverty Line in India?

a)Dutta Committee b) Chelliah Committee c)Chakravorty Committee d)Lakdawala Committee.

8. Monetary policy is regulated by:

a)money lenders b) Central Bank c)Private entrepreneurs d)Government policy

9.One-rupee currency notes bear the signature of:

a)Prime Minister of India

b)President of India

c)Finance Ministry of India

d)Finance Secretary of India

10. Ten rupee notes bear the signature of:

a)President b)Finance minister c)Secretary, Ministry of Finance d)Governor, Reserve Bank of India.

11. When was the decimal system of currency introduced in India?

a)1948 b)1950 c)1954 d)1957

12. Who among the following is most benefited from inflation?

a)Government pensioners b)Creditors c)Savings Bank Account holders d)Debtors

13. Which of the following groups suffer the most from inflation?

a) Debtors b)Creditors c)Business class d)Holders of real assets.

14. What is the animal on the insignia of the RBI?

a)Lion b)Tiger c)Panther d)Elephant

15. Economic survey is published by:

a)Ministry of Finance b)Planning Commission c)Commerce Minister d) None of these

16. The ‘Slack Season’ in the Indian Economy is :

a)March-April b)Sept.-Dec. c)Jan.-June d)Feb.-April

GK (Indian Constitution)

1. The 10^th Schedule of the constitution of India relates to :

Ans. Anti-defection Law.

2. By which amendment, the fundamental duties of Indian citizen were added to the constitution.

Ans. 42^nd Amendment.

3. There is no provision for the impeachment of

Ans. The Governor.

4. Who among the following can be removed from office through impeachment by Parliament?

Ans. President of India.

5. Joint sittings of the two houses of Parliament are presided over by the

Ans. Speaker of Lok Sabha.

6. The power of grant pardon to persons convicted of an offence is vested in:

Ans. President and State Governors.

7. “The original structure of the Indian constitution cannot be changed.” In which cases did the S.C. give this verdict?

Ans.Golok Nath case.

8. Who decides the size and membership of union cabinet?

Ans. Prime Minister.

9. The Chief Minister of a State in India is not eligible to vote in the Presidential election if

Ans. He is member of the upper Houses of the State Legislature.

10. What should be the minimum strength of the elected members in a State Legislative Assembly?

Ans.60.

11. The Ninth Schedule to the constitution was included in the constitution of India under which of the constitutional Amendments?

Ans.First Amendment.

12. The retirement age of a member of the State Public Service Commission?

Ans.62 Years.

13. How many times has the preamble to the constitution of India amended?

Ans. Once.

14. The control of the preparation of electoral rolls for parliament and legislative Assemblies  in India vest with

Ans. Election Commission.

15. The Sources of India’s Sovereignty lies in the

Ans. People of India.

16. Which is the apex of the three-tire system of Panchayati Raj?

Ans. Zilla Parisad.

17. The first Woman Governor in Free India.

Ans. Mrs. Sarojini Naidu.

18. Who can remove judges of the supreme court of India from office?

Ans. President of India on the request of Parliament.

19. Election of the houses of the people and the Legislative assemblies of States in India are conducted on the basis of

Ans. Adult Franchise.

20. Who decide if a particular bill is a money bill or not?

Ans. Speaker of Lok Sabha.

21. Who is the non members of Parliament has the right to address it

Ans. Attorney general of India.

22. The constitution of India contains:

Ans. 395 Articles and 8 schedules in its primary stage.

23. The constitution of India provides for-

Ans. Single citizenship.

24. The Chief Election Commissioner of India is

Ans. Appointed by the President.

25. J&K State adopted its separate constitution on

Ans. 26^th Nov. 1957.

G K 13

1.Before ascending the Maurya throne, Ashoka served as a Viceroy of:

a)Pataliputra b)Taxila c)Tosali d)Kaushambi

2.The title ‘Devanam Priya’ was given to:

a)Harsha b)Kanishka c)Ashoka d)Chandragupta Vikramaditya

3.During whose reign did the Mongols first invade India?

a)Ala-ud-din Khilji b)Ghiyas-ud-din Balban c)Iltutmish d)Jalal-ud-din Khilji

4.Who wrote Tughluqnamah?

a)Raskhan b)Amir Khusrau c)Isami d)Malik Mohammad jaisi