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Finance, cooperatives & institutions of Rajasthan MCQ with Answers

15 questionswith explanationsfor RAS, Patwari, VDO and other Rajasthan exams

Questions

Q1

The Rajasthan State Cooperative Bank Ltd, the Apex Bank of the state's short-term cooperative credit structure, was established in:

  1. (1)1949
  2. (2)1953
  3. (3)1958
  4. (4)1962

Answer: (2) 1953

Explanation

The Rajasthan State Cooperative Bank (Apex Bank) was established on 14 October 1953 and is the apex of the District Central Cooperative Banks.

Q2

Which of the following correctly shows the three-tier short-term cooperative credit structure of Rajasthan from the village level to the state level?

  1. (1)Central Cooperative Bank → Gram Seva Sahakari Samiti → Apex Bank
  2. (2)Apex Bank → Gram Seva Sahakari Samiti → Central Cooperative Bank
  3. (3)Gram Seva Sahakari Samiti → Apex Bank → Central Cooperative Bank
  4. (4)Gram Seva Sahakari Samiti → Central Cooperative Bank → Apex Bank

Answer: (4) Gram Seva Sahakari Samiti → Central Cooperative Bank → Apex Bank

Explanation

Primary agricultural credit societies (Gram Seva Sahakari Samitis) work at village level, District Central Cooperative Banks at district level and the Apex Bank at state level.

Q3

In Rajasthan's cooperative sector, long-term agricultural credit (for minor irrigation, land development, farm machinery) is provided mainly through:

  1. (1)District Central Cooperative Banks (DCCBs)
  2. (2)Urban Cooperative Banks (UCBs)
  3. (3)Primary Land Development Banks (PLDBs)
  4. (4)Regional Rural Banks (RRBs)

Answer: (3) Primary Land Development Banks (PLDBs)

Explanation

Long-term cooperative credit flows through the Rajasthan State Cooperative Land Development Bank and its 36 Primary Land Development Banks; DCCBs handle short-term credit.

Q4

Which institution is the apex body of the consumer cooperative sector in Rajasthan?

  1. (1)CONFED (Rajasthan Rajya Sahakari Upbhokta Sangh)
  2. (2)RAJFED (Rajasthan Rajya Sahakari Kray Vikray Sangh)
  3. (3)Rajasthan State Cooperative Housing Federation
  4. (4)Tilam Sangh (state oilseed growers' federation)

Answer: (1) CONFED (Rajasthan Rajya Sahakari Upbhokta Sangh)

Explanation

CONFED is the apex of consumer cooperatives, supplying through the district consumer wholesale stores; RAJFED is the apex for cooperative marketing.

Q5

Consider the following statements about RAJFED: 1. It was established in 1957 as the apex cooperative marketing federation of Rajasthan. 2. It is the apex federation of the district milk producers' cooperative unions of Rajasthan. Which of the statements given above is/are correct?

  1. (1)1 only
  2. (2)2 only
  3. (3)Both 1 and 2
  4. (4)Neither 1 nor 2

Answer: (1) 1 only

Explanation

RAJFED was set up on 26 November 1957 for cooperative marketing of farm produce and inputs; milk unions are federated under RCDF, not RAJFED.

Q6

'Tilam Sangh' is the popular name of the state-level cooperative federation of Rajasthan's growers of:

  1. (1)Wool
  2. (2)Milk
  3. (3)Handloom cloth
  4. (4)Oilseeds

Answer: (4) Oilseeds

Explanation

Tilam Sangh is the Rajasthan State Cooperative Oilseed Growers' Federation, set up to procure, process and market oilseeds through cooperatives.

Q7

As of 2026, which bank is the convenor of the State Level Bankers' Committee (SLBC) of Rajasthan?

  1. (1)Punjab National Bank
  2. (2)Bank of Baroda
  3. (3)Union Bank of India
  4. (4)Central Bank of India

Answer: (2) Bank of Baroda

Explanation

Bank of Baroda is the SLBC convenor bank for Rajasthan; it convened the 170th SLBC meeting at Jaipur in September 2026.

Q8

The Rajasthan Co-operative Societies Act, 2001 repealed which earlier law?

  1. (1)Rajasthan Co-operative Societies Act, 1953
  2. (2)Rajasthan Co-operative Societies Act, 1959
  3. (3)Rajasthan Co-operative Societies Act, 1965
  4. (4)Rajasthan Co-operative Societies Act, 1984

Answer: (3) Rajasthan Co-operative Societies Act, 1965

Explanation

The 2001 Act repealed the Rajasthan Co-operative Societies Act, 1965 (Act No. 13 of 1965), which had itself replaced the 1953 Act.

Q9

Who chaired the Fifth State Finance Commission of Rajasthan, whose award period was 2015-16 to 2019-20?

  1. (1)Jyoti Kiran
  2. (2)Girija Vyas
  3. (3)Sumitra Singh
  4. (4)Kamla Beniwal

Answer: (1) Jyoti Kiran

Explanation

Dr. Jyoti Kiran, an economist, chaired Rajasthan's Fifth State Finance Commission (award period 2015-20).

Q10

Consider the following statements about the State Finance Commissions (SFCs) of Rajasthan: 1. Their recommendations are binding on the State Government. 2. The Sixth SFC, chaired by Pradyuman Singh, was constituted in April 2021. 3. The First SFC of Rajasthan was constituted in 1994. Which of the statements given above are correct?

  1. (1)1 and 2 only
  2. (2)2 and 3 only
  3. (3)1 and 3 only
  4. (4)1, 2 and 3

Answer: (2) 2 and 3 only

Explanation

The First SFC (K.K. Goyal) was set up in April 1994 and the Sixth (Pradyuman Singh) on 12 April 2021; SFC recommendations are advisory, not binding.

Q11

Consider the following statements about the Rajasthan Fiscal Responsibility and Budget Management (FRBM) Act: 1. It set a target of bringing the fiscal deficit down to not more than 3% of GSDP. 2. It provides for the progressive elimination of the revenue deficit. 3. It requires a Medium Term Fiscal Policy Statement to be laid before the State Legislature along with the annual budget. Which of the statements given above are correct?

  1. (1)1 and 2 only
  2. (2)2 and 3 only
  3. (3)1 and 3 only
  4. (4)1, 2 and 3

Answer: (4) 1, 2 and 3

Explanation

The Act targets fiscal deficit of at most 3% of GSDP and elimination of revenue deficit, and requires the Medium Term Fiscal Policy and Fiscal Policy Strategy Statements with the budget.

Q12

Which institution acts as the banker to the Government of Rajasthan and manages its public debt?

  1. (1)NABARD
  2. (2)Reserve Bank of India
  3. (3)Rajasthan State Cooperative Bank
  4. (4)Small Industries Development Bank of India

Answer: (2) Reserve Bank of India

Explanation

Under Section 21A of the RBI Act, 1934, the Reserve Bank is banker to State Governments, including Rajasthan, by agreement and manages their public debt.

Q13

Which of the following is NOT a source of the Rajasthan Government's own tax revenue?

  1. (1)Customs duty
  2. (2)State excise duty on liquor
  3. (3)Stamp duty and registration fees
  4. (4)Tax on motor vehicles

Answer: (1) Customs duty

Explanation

Customs duty is levied by the Union (Union List); excise on liquor, stamp duty and motor vehicle tax are State taxes.

Q14

Under the 'One State, One RRB' reform, Rajasthan's two Regional Rural Banks were amalgamated from 1 May 2025 into Rajasthan Gramin Bank, which is sponsored by:

  1. (1)Punjab National Bank
  2. (2)Canara Bank
  3. (3)State Bank of India
  4. (4)Bank of India

Answer: (3) State Bank of India

Explanation

Rajasthan Marudhara Gramin Bank and Baroda Rajasthan Kshetriya Gramin Bank merged into Rajasthan Gramin Bank (effective 1 May 2025), sponsored by the State Bank of India.

Q15

In Rajasthan's budget, royalty received from mining of minerals is classified as:

  1. (1)State's own tax revenue
  2. (2)Share in Central taxes
  3. (3)Grants-in-aid from the Centre
  4. (4)State's own non-tax revenue

Answer: (4) State's own non-tax revenue

Explanation

Mineral royalty is a receipt of the Mines and Geology Department and is a major part of Rajasthan's own non-tax revenue.