The 'Central Board of Direct Taxes' is a part of: MCQ with Answer and Explanation

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The 'Central Board of Direct Taxes' is a part of:

A. NITI Aayog

B. SEBI

C. RBI

D. Ministry of Finance

Answer: Option D

Solution (By JKSSB Mock Tests)

CBDT is part of the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Financial Literacy' in India is promoted by RBI through:

A. financial education initiatives and awareness campaigns

B. tax collection

C. stock exchanges

D. import duties

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Correct Answer: Option A

Explanation:
RBI promotes financial literacy through various campaigns and initiatives.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is NOT a function of SEBI?

A. Issuing currency notes

B. Regulating the securities market

C. Promoting the development of the securities market

D. Protecting the interests of investors

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Correct Answer: Option A

Explanation:
Issuing currency notes is the function of RBI. SEBI regulates the securities market, protects investors and promotes the orderly development of the capital market.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Mahatma Gandhi Rural Employment Guarantee Act' was enacted in:

A. 2004

B. 2005

C. 2009

D. 2007

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Correct Answer: Option B

Explanation:
MGNREGA was enacted in 2005.

This question belongs to: Economy GK Economy Set 1

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