General awareness / studies questions and answers - Dec 03, 2014
1. Which of the following is true about Financial Bill (I) i.e. Article 117 (1) of Indian Constitution?i. It can be introduced only in Lok Sabha after President’s recommendation.
ii. It follows normal procedure just like Ordinary Bills.
a. Only (i).
b. Only (ii).
c. Both (i) and (ii).
d. Neither (i) nor (ii).
View Answer / Hide AnswerANSWER: c. Both (i) and (ii).
Financial Bill (I) deals with the matters mentioned in article 110 and along with that also the general matters. It can be introduced only in Lok Sabha and after President’s recommendation, but all the other procedures are same as Ordinary bills.
a. Tennis.
b. Discus Throw.
c. Hockey.
d. Badminton.
View Answer / Hide AnswerANSWER: d. Badminton.
India, in 2014 Asian games, which was held in Incheon won 37 medals which include 8 gold, 11 silver and 9 bronze medals. India won gold medals in Tennis mixed doubles, Hockey, Discus throw, wrestling, Women’s boxing, Men’s squash, Men’s archery, Shooting.
a. 2009-10
b. 2010-11
c. 2011-12
d. 2012-13
View Answer / Hide AnswerANSWER: b. 2010-11
This scheme emphasises on the empowerment of women in agriculture by means of systematic investments in order to enhance both participation and productivity.
a. First Reading.
b. Second Reading.
c. Third Reading.
d. Both (b) and (c).
View Answer / Hide AnswerANSWER: b. Second Reading.
The detailed discussion of the bill takes place in the second reading. During the first reading only the objective is read out and in the third reading, the bill is put for vote and no discussion takes place here.
i. Both the Houses have equal power in case of an ordinary bill.
ii. There will be joint sitting if there is a dead lock.
a. Only (i).
b. Only (ii).
c. Both (i) and (ii).
d. Neither (i) nor (ii).
View Answer / Hide AnswerANSWER: c. Both (i) and (ii).
Ordinary bills are the one which are concerned with any matter other than financial subjects. It can be introduced in both the houses of Parliament and both the houses have equal rights and Joint Sitting is called in case of a dead lock.
i. RBI functions as clearing house for commercial banks.
ii. RBI grants license for setting up banking operations.
a. i only
b. ii only
c. both
d. none
View Answer / Hide AnswerANSWER: c. both
According to the RBI Act of 1934, the RBI is empowered with controlling and regulating the banking system in India. It directs their credit policies and advices them.
a. Irrigation
b. Drinking water
c. Roads
d. Postal connectivity
View Answer / Hide AnswerANSWER: d. Postal connectivity
It was launched in the year 2005. It has six components viz, irrigation,drinking water, electrification, roads, housing and rural telephony.
a. President of India.
b. Chairman of the Rajya Sabha.
c. Speaker of the Lok Sabha.
d. Finance Minister of India.
View Answer / Hide AnswerANSWER: c. Speaker of the Lok Sabha.
The complete authority to decide whether the given bill is money bill or not is with the Speaker of the Lok Sabha and his decision is final and no one can question him.
i. Rajya Sabha can accept or amend or reject or keep the bill in pending.
ii. Rajya Sabha can keep the bill in pending only for 14 days.
a. Only (i).
b. Only (ii).
c. Both (i) and (ii).
d. Neither (i) nor (ii).
View Answer / Hide AnswerANSWER: a. Only (i).
Rajya Sabha has equal powers with Lok Sabha in case of Ordinary Bills. Rajya Sabha can accept the bill without amendment, it can amend the bill and send back, it can reject the bill, and it can keep the bill in pending for six months. After that there will be a Joint Sitting.
