None of the above statements is true. By the Government of India Act, 1935, the diarchy system was abolished in the provinces and the diarchy system was started in the center. The bicameral system was introduced in 6 states by the Government of India Act, 1935. These states include – Bengal, Bombay, Madras, Bihar, United Provinces and Assam. Legislative Assembly and Legislative Council were established in these states.
1. Which of the following is correct regarding Supervisory review Process (SRP)?
1. Supervisors should review and evaluate banks ICAA...
Which of the following statements is/are true about the Bombay Stock Exchange (BSE)?
1)It is the oldest stock exchange in Asia.
2)It was e...
What was the value of India’s Digital Payments Index (DPI) for September 2023, as per the circular released in January 2024?
In Total Productive Maintenance technique of waste minimization, there are 4 phases. Which of the following phase is done with the help of eight activit...
The exchange rate between the Indian rupee (INR) and the US dollar (USD) has been fluctuating significantly due to global economic uncertainties and cha...
Which of the following statements about the Insurance Regulatory and Development Authority of India (IRDAI) is/are correct?
1) It is a statutory ...
Unpaid matured debentures/deposits?
A country with a high level of public debt is facing pressure from international investors to reduce its debt burden. The government is considering vari...
If Balance of Payment is always balanced, it means ____
Consider the following statements about Fiscal Policy statements mandated under FRBM Act.
1. Macroeconomic Framework Statement contains an ass...