Common GK Quiz and Answers for Competitive Exams

Financial inclusion is the delivery of financial services at affordable costs to vast sections of the deprived and low income groups. This is not a solution to control inflation. In economics, fiscal policy is the use of government revenue collection and expenditure to influence a country's economy.

At present there are a total of 12 nationalized banks in India.

The Indian 1 rupee note (₹1) is made up of 100 paise because ₹1 = 100 paise. Currently, it is the smallest Indian bank note in circulation and the only bank note issued by the Government of India, as all other bank notes in circulation are issued by the Reserve Bank of India.

Dry red chilli spice as an export item of India. Highest status in value.

In India, interest payments on debt are the largest single item in terms of current government expenditure.

Broad responsibilities of the members of parliament of Lok Sabha are; Legislative responsibility: To pass Laws of India in the Lok Sabha. Oversight responsibility: To ensure that the executive (i.e. government) performs its duties satisfactorily.

Following these disqualifications, Reddy remained the only validly nominated candidate in the fray which made elections unnecessary. Reddy thus became the first person to be elected President of India without a contest and remains the only President to have been elected unopposed.

The Lok Sabha comprises of a total of 545 seats. Out of these, elections will be conducted by the Election Commission to fill 543 seats. The remaining two seats are filled by nomination of representatives of the Anglo-Indian Community if the President feels that this community has not been represented adequately.

The term of a member of parliament of Lok Sabha (dissolved) is five years from the date appointment for its first meeting. During a state of emergency, the term however can be extended by the Parliament of India by law for a period not exceeding one year at a time.

Shri Ram Nath Kovind was sworn in as the 14th President of India on 25 July, 2017. A lawyer by profession, he had been the Governor of the State of Bihar before he took over the highest constitutional office.