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General Knowledge Quiz for Latest Exams
Q1. In which of the following year was the budget system introduced for the first time in India?
A) 1867
B) 1860
C) 1897
D) 1890
Answer: (B)
James Wilson, the British economist, presented the first-ever budget in India in 1860. He is credited with introducing a financial budget in India framed by the English model.
Q2. Which of the Viceroys started the budget system in India?
A) Lord Minto
B) Lord Macualey
C) Lord Canning
D) Lord Dalhousie
Answer: (C)
The introduction of the budget system in India started in the era of Lord Canning, the first Viceroy of India.
Q3. In case a State emergency is declared, it needs Parliamentary approval after every _____.
A) 6 months
B) 1 year
C) 2 years
D) 3 years
Answer: (A)
State emergency is imposed for an initial period of six months and can last for a maximum period of three years with repeated parliamentary approval every six months.
Q4. How many times a person can be elected as the President of India?
A) One time
B) Two times
C) Three times
D) Indefinite
Answer: (D)
A person can be elected any number of times until he satisfies all the conditions under the provisions of the constitution.
Q5. If there is a deadlock between Rajya Sabha and Lok Sabha over an ordinary bill, it will be resolved by
A) The President
B) The Council of Ministers
C) The Joint Session of Parliment
D) The Supreme Court
Answer: (C)
The Joint Session of Parliament resolves the deadlock between Rajya Sabha and Lok Sabha over an ordinary bill.
Q6. Which act completely ended the commercial trade monopoly of the East India Company?
A) Charter Act of 1853
B) Charter Act of 1833
C) Charter Act of 1813
D) Government of India Act, 1858
Answer: (A)
The charter Act of 1853 abolished East India Company's Monopoly of Indian trade. Under the government of India Act 1858, the British parliament took the responsibility for ruling India directly.

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