Question : The first Finance Commission of India was set up in the year:
Option 1: 1956
Option 2: 1965
Option 3: 1951
Option 4: 1948
Correct Answer: 1951
Solution : The correct option is 1951.
The first Finance Commission of India was set up in 1951. It was constituted under the chairmanship of K. C. Neogy. The Finance Commission is a constitutional body in India that plays a crucial role in the distribution of financial resources between the central government and the state governments.
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Question : The first Census of independent India was conducted in ______.
Option 2: 1953
Question : Planned economic development in India began in ______ with the inception of the First Five-Year Plan.
Option 1: 1948
Option 2: 1951
Option 3: 1956
Option 4: 1958
Question : When was the Minimum Wages Act enacted in India?
Option 1: 1936
Option 2: 1948
Option 4: 1956
Question : Reserve Bank of India was nationalised in:
Option 1: 1947
Option 3: 1949
Option 4: 1951
Question : The Constitution of India came into force in
Option 1: 1951
Option 2: 1956
Option 3: 1950
Option 4: 1949
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