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GK Quiz on Indian Budget & Insurance Regulatory and Development Authority (IRDA)

01-FEB-2016 15:09

    Dear Students Jagran Josh is presenting you a set of 10 MCQs based on Indian Budget & Insurance Regulatory and Development Authority (IRDA). We are providing you topic wise questions so that you come to know all kinds of probable questions on a particular topic. Our team has gone through a deep analysis to frame only relevant questions for upcoming exams.

    1. Union budget of India is referred in which of the following article:

    (a) Article 109

    (b) Article 112

    (c) Article  180

    (d) 212

    2. The first Union budget of independent India was presented by:

    (a) Jawahar Lal Nehru

    (b) Vallabh Bhai Patel

    (c) R. K. Shanmukham Chetty

    (d) Morarji Ranchhodji DesaiIn

    3. What is the current exemption limit of income tax for general citizens?

    (a) 2.20 Lac/Annum

    (b) 2.50 Lac/Annum

    (c) 2.00 Lac/Annum

    (d) 3.00 Lac/Annum

    4. The only woman who holds the post of the Finance Minister of India is:

    (a) Sarojini Naidu

    (b) Indira Gandhi

    (c) Sucheta Kriplani

    (d) Vijay Laxmi Pandit

    5. Which ex- Prime Minister of India did not present the union budget of India?

    (a) Morarji Desai

    (b) Rajiv Gandhi

    (c) Indira Gandhi

    (d) Atal Bihari Vajpayee

    6.Which committee recommended the establishment of IRDA?

    (a) P.N. Mehrotra Committee

    (b) R.N. Malhotra Committee

    (c) D.R. Gadgil Committee

    (d) Rajmannr Committee

    7. Along with banking services insurance sector contributes about ........percent of GDP of India:

    (a)  13%

    (b) 9%

    (c) 10%

    (d) 7%

    8.When was IRDA established?

    (a) 1965

    (b) 1954

    (c) 1999Copyright © www.www.examrace.com

    (d) 2001

    9.Taxes Levied and Collected by the Union but Assigned to the States within which they are leviable.

    Find out the correct option from below:

    I. Taxes on transactions in stock exchange

    II. Tax of sale and purchase of newspapers including advertisements

    III. Estate duty in respect of property other than agriculture land

    IV. Stamp duty and duties of excise on the medical and toilet preparations

    (a) Only I & II are correct

    (b) I,II & III are correct

    (c) All are correct

    (d) Only IV & I are correct

    10.Who is the current IRDA chief?

    (a) J. Harinarayan

    (b) Rana Pratap

    (c) T.S. Vijayan

    (d) K.T.S. Tulsi

    Question

    Answer

    1

    B

    2

    C

    3

    B

    4

    B

    5

    D

    6

    B

    7

    D

    8

    C

    9

    B

    10

    C

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