HISTORY
MISCELLENOUS QUESTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A gift given by an erstwhile Prince of India to the Government of India
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A purse given privately by one organisation to another
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A grant given by the Government of India to the erstwhile Prince of India
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A purse given by the Government of India to dignitaries for services rendered
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Detailed explanation-1: -In India, a privy purse was a payment made to the ruling families of erstwhile princely states as part of their agreements to first integrate with India in 1947 after the independence of India, and later to merge their states in 1949, thereby ending their ruling rights.
Detailed explanation-2: -Income from the Duchy of Lancaster funds the Privy Purse. This income is subject to income tax, but the Duchy itself does not pay tax. The Duchy is a landed estate of approximately 18, 500 hectares in England and Wales held in trust for the Sovereign since 1399.
Detailed explanation-3: -The Keeper of the Privy Purse is responsible for the financial management of the Royal Household, and ultimately for its HR, Finance, Property, Travel and Digital services to The Queen’s Household, the other Households of Members of the Royal Family and the Royal Collection Trust.