Miscillaneous

Question 1

What are the departments working under Ministry of finance?

Answer 1

1-Dpt, of Economic affairs
2-Dpt,. of revenue
3-Dpt., of expenditure
4-Dpt., of Investment and Public Asset Management (DIPAM)
5-Dpt., of  Financial Services
6-Dpt,. of public Enterprices

Question 2

What is executive body

Answer 2

A Non-Constitutional and Non-Statutory body
Created by the orders of government (Executive Resolution)
Appointments and disolutions are executed by the order of government
Ex NITI Ayog, National Developmentalcouncil(NDC)

Question 3

what is a Statutory body?

Answer 3

Created by making any act and is non constitutional
Any changes to be made are to be passed by PARLIMENT
Ex RBI by RBI act of 1934; SEBI by SEBI act of 1992

Question 4

Constitutional body

Answer 4

Any body set up by the provision of constitution.

Any changes are incorporated by AMMENDAMENT to CONSTIUTION

Question 5

Difference between Disinvestment and Privitisation of Public Enterprises

Answer 5

Disinvestment; selling the stake without losing control in the board
51% of stake required to have control on the board.
Privitisation Selling more than 51% satake losses control in board and ownership