The 'Finance Commission' is appointed every how many years? MCQ with Answer and Explanation

Question

Share Report Error

The 'Finance Commission' is appointed every how many years?

A. 6 years

B. 10 years

C. 3 years

D. 5 years

Answer: Option D

Solution (By JKSSB Mock Tests)

The Finance Commission is constituted every five years under Article 280.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'managed float' exchange rate system means the exchange rate is:

A. set by the IMF

B. completely fixed

C. not applicable

D. determined by market forces with possible central bank intervention

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Managed float allows market determination with occasional central bank intervention.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'GST Council' secretariat is located in:

A. Bengaluru

B. Gandhinagar

C. Mumbai

D. New Delhi

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The GST Council secretariat is located in New Delhi.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Securities and Exchange Board of India' was established in 1988 but became a statutory body in:

A. 1990

B. 1992

C. 2000

D. 1995

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
SEBI became a statutory body in 1992.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs