{"id":4863,"date":"2024-03-05T16:13:47","date_gmt":"2024-03-05T16:13:47","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=4863"},"modified":"2024-03-05T16:13:47","modified_gmt":"2024-03-05T16:13:47","slug":"who-was-credited-for-taking-the-first-important-step-towards-financial-decentralization-in-india","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/who-was-credited-for-taking-the-first-important-step-towards-financial-decentralization-in-india\/","title":{"rendered":"Who was credited for taking the first important step towards financial decentralization in India ?"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a978b4009af4\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Lord Irwin                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"true\">\r\n                    William Bentinck                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Lord Cornwallis                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Lord Mayo                 <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is (b) William Bentinck.<\/p>\n<p>William Bentinck was the Governor-General of India from 1828 to 1835. He is credited with taking the first important step towards financial decentralization in India by introducing the Indian Income Tax Act of 1835. This act introduced a system of direct taxation in India, which was a significant departure from the previous system of indirect taxation. The Indian Income Tax Act of 1835 was a landmark piece of legislation that had a profound impact on the financial system of India.<\/p>\n<p>Lord Irwin was the Viceroy of India from 1926 to 1931. He is not credited with <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n       <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>  <\/a>\r\n    <\/div> taking the first important step towards financial decentralization in India.<\/p>\n<p>Lord Cornwallis was the Governor-General of India from 1786 to 1793. He is not credited with taking the first important step towards financial decentralization in India.<\/p>\n<p>Lord Mayo was the Viceroy of India from 1869 to 1872. He is not credited with taking the first important step towards financial decentralization in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Who was credited for taking the first important step towards financial decentralization in India ?<\/title>\n<meta name=\"description\" content=\"William Bentinck was the Governor-General of India from 1828 to 1835. He is credited with taking the first important step towards financial decentralization in India by introducing the Indian Income Tax Act of 1835. This act introduced a system of direct taxation in India, which was a significant departure from the previous system of indirect taxation. 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He is credited with taking the first important step towards financial decentralization in India by introducing the Indian Income Tax Act of 1835. This act introduced a system of direct taxation in India, which was a significant departure from the previous system of indirect taxation. The Indian Income Tax Act of 1835 was a landmark piece of legislation that had a profound impact on the financial system of India.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/who-was-credited-for-taking-the-first-important-step-towards-financial-decentralization-in-india\/","og_locale":"en_US","og_type":"article","og_title":"Who was credited for taking the first important step towards financial decentralization in India ?","og_description":"William Bentinck was the Governor-General of India from 1828 to 1835. He is credited with taking the first important step towards financial decentralization in India by introducing the Indian Income Tax Act of 1835. This act introduced a system of direct taxation in India, which was a significant departure from the previous system of indirect taxation. The Indian Income Tax Act of 1835 was a landmark piece of legislation that had a profound impact on the financial system of India.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/who-was-credited-for-taking-the-first-important-step-towards-financial-decentralization-in-india\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-03-05T16:13:47+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/who-was-credited-for-taking-the-first-important-step-towards-financial-decentralization-in-india\/","url":"https:\/\/exam.pscnotes.com\/mcq\/who-was-credited-for-taking-the-first-important-step-towards-financial-decentralization-in-india\/","name":"Who was credited for taking the first important step towards financial decentralization in India ?","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-03-05T16:13:47+00:00","dateModified":"2024-03-05T16:13:47+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"William Bentinck was the Governor-General of India from 1828 to 1835. He is credited with taking the first important step towards financial decentralization in India by introducing the Indian Income Tax Act of 1835. This act introduced a system of direct taxation in India, which was a significant departure from the previous system of indirect taxation. 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