Question : In which year was the Estimates Committee constituted for the first time in India?
Option 1: 1948
Option 2: 1950
Option 3: 1947
Option 4: 1949
Correct Answer: 1950
Solution : The correct answer is 1950.
On the recommendation of the then-finance minister, John Matthai, the first Estimates Committee was formed in the post-independence era in 1950. It began with 25 members, but in 1956, the number was increased to 30. The committee's role was to review the budget forecasts and advise 'economies' in government spending.
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Question : Reserve Bank of India was nationalised in:
Option 1: 1947
Option 2: 1948
Option 3: 1949
Option 4: 1951
Question : The constitution of India was adopted on
Option 1: 26 January,1950
Option 2: 26 January,1949
Option 3: 26 November,1949
Option 4: 31 December,1949
Question : Banks in India were nationalized for the first time in the year:
Option 1: 1950
Option 2: 1960
Option 3: 1969
Option 4: 1979
Question : India attained 'Dominion Status' on
Option 1: 15th January, 1947
Option 2: 15th August, 1947
Option 3: 15th August, 1950
Option 4: 15th October, 1947
Question : Comptroller and Auditor General of India acts as friend , philosopher ,and Guide for
Option 1: Public Accounts Committee
Option 2: Estimates Commitee
Option 3: Finance Minister
Option 4: Committee on Public Undertakings
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