Banking Awareness Quiz For IBPS | RBI | SBI | NABARD | LIC | 28-10-2023

 

Dear Readers,

Banking Awareness has been an important part of various competitive exams, so we are here with a series of Banking Awareness quizzes on a daily basis on our platform. Follow the quiz daily to improve your banking awareness.

1-Which organization was responsible for formulating Five-Year Plans in India, NITI Aayog, or the Planning Commission?

a) NITI Aayog

b) Planning Commission

c) Both NITI Aayog and the Planning Commission

d) Neither NITI Aayog nor the Planning Commission

e) None of these 

Answer: b

2-What was the primary reason for the dissolution of the Planning Commission and the establishment of NITI Aayog?

a) Ineffectiveness in achieving economic goals

b) Constitutional mandate

c) Changing global economic scenarios

d) Political pressure

e) None of these 

Answer: a

3-In the context of India, what is the full form of "NITI" in NITI Aayog?

a) National Institution for Technology and Innovation

b) National Investment and Trade Institution

c) National Institution for Transforming India

d) National Infrastructure and Technology Institute

e) None of these 

Answer: c

4-Who was the first Vice Chairman of NITI Aayog?

a) Dr. Manmohan Singh

b) Arvind Panagariya

c) Montek Singh Ahluwalia

d) Raghuram Rajan

e) None of these 

Answer: b

5-Which aspect of the Indian economy does NITI Aayog's "AIM (Atal Innovation Mission)" primarily focus on?

a) Agriculture

b) Education

c) Health

d) Innovation and entrepreneurship

e) None of these 

Answer: d

6-How often did the Planning Commission of India prepare Five-Year Plans?

a) Every 2 years

b) Every 5 years

c) Every 10 years

d) Annually

e) None of these 

Answer: b

7-Which Indian state has the highest representation in NITI Aayog's governing structure?

a) Karnataka

b) Maharashtra

c) Uttar Pradesh

d) Tamil Nadu

e) None of these 

Answer: c

8-What is the key role of NITI Aayog in the Indian government?

a) Implementing government policies

b) Formulating economic policies

c) Monitoring and evaluating government programs

d) Conducting elections

e) None of these 

Answer: c

9-Which of the following is NOT a function of the Planning Commission?

a) Allocation of resources

b) Formulation of Five-Year Plans

c) Implementation of government schemes

d) Monitoring plan progress

e) None of these 

Answer: c

10-Which of the two institutions, NITI Aayog or the Planning Commission, has a greater emphasis on cooperative federalism in India?

a) NITI Aayog

b) Planning Commission

c) Both equally

d) Neither

e) None of these 

Answer: a