Step 1: Understanding the Concept:
The question asks to identify the current Finance Minister of India. The Finance Minister is the head of the Ministry of Finance and is responsible for the economic policy of the country, including the presentation of the annual Union Budget.
Step 2: Detailed Explanation:
As of the date of this exam (September 1, 2025), the Finance Minister of India is Nirmala Sitharaman. She has held this position since May 2019. The other individuals in the options hold different prominent positions: Narendra Modi is the Prime Minister, Amit Shah is the Minister of Home Affairs, and Yogi Adityanath is the Chief Minister of Uttar Pradesh.
Step 3: Final Answer:
The current Finance Minister of India is Nirmala Sitharaman. Therefore, option (C) is the correct answer.
(a) (i) Import substitution policy, if not applied carefully, can be a double-edged sword for any economy. Do you agree with the given statement? Justify your answer with valid arguments.
(ii) State how multilateral trade is different from bilateral trade.
OR
(b)
(i) Discuss briefly, causes and consequences of the tax reforms initiated during economic reforms in India.
(ii) Give one example each of a Navratna and a Maharatna company in the public sector in India.
Arrange the following financial institutions as per their year of establishment in chronological order, starting from the oldest to latest:
(A) National Bank for Agriculture and Rural Development (NABARD)
(B) The Industrial Finance Corporation of India (IFCI)
(C) The Industrial Reconstruction Bank of India (IRBI)
(D) The Industrial Development Bank of India (IDBI)
Choose the correct answer from the options given below:
Match List-I with List-I
| List-I | List-II |
|---|---|
| (A) Make in India | (I) 1991 |
| (B) New Economic Policy | (II) 1948 |
| (C) General Agreement on Trade and Traffic (GATT) | (III) 2015 |
| (D) NITI Ayog | (IV) 2014 |
Choose the correct answer from the options given below: