WBCS​​ Main​​ Examination

Paper​​ V-​​ 2014

[The​​ Constitution​​ of​​ India​​ and​​ Indian​​ Economy​​ including​​ role​​ and​​ functions​​ of​​ RBI]

Time:​​ 3​​ hour​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Total​​ Marks:​​ 200

*The​​ Option​​ which​​ looks​​ Green​​ is​​ the​​ correct​​ answer.

1.​​ One​​ of​​ the​​ following​​ amendments​​ added​​ the​​ word​​ 'Secular'​​ to​​ the​​ preamble​​ of​​ the​​ Indian​​ Constitution

(A)​​ 44th​​ Amendment​​  ​​   ​​   (B)​​ 42nd​​ Amendment     ​​  ​​ (C)​​ 43rd​​ Amendment​​  ​​     ​​ (D)​​ 45th​​ Amendment

 

2. ​​ The​​ Constitution​​ of​​ India​​ describes​​ India​​ as​​ a​​ :

(A)​​ Union​​ of​​ states       ​​ (B)​​ Quasi​​ federal

(C)​​ A​​ federation​​ of​​ states​​ and​​ Union​​ territories

(D)​​ Partly​​ unitary​​ and​​ partly​​ federal

 

3. ​​ Which​​ one​​ of​​ the​​ following​​ chapter​​ provisions​​ has​​ been​​ described​​ as​​ the​​ soul​​ of​​ the Constitution?

(A)​​ The​​ chapter​​ on​​ Fundamental​​ Rights 

(B)​​ The​​ chapter​​ on​​ Directive​​ Principal​​ of​​ State​​ Policy

(C)​​ The​​ Preamble

(D)​​ The​​ provisions​​ regarding​​ judicial​​ review 

 

4. ​​ The​​ power​​ to​​ form​​ new​​ states​​ or​​ change​​ the​​ boundaries​​ of​​ the​​ existing​​ states​​ rests​​ with

(A)​​ The​​ President      ​​ (B)​​ The​​ Parliament​​  ​​  ​​  ​​ (C)​​ The​​ Election​​ Commission     ​​ (D)​​ None​​ of​​ the​​ above

 

5. ​​ The​​ States​​ Reorganisation​​ Commission​​ set​​ up​​ in​​ 1953​​ to​​ consider​​ the​​ demand​​ for​​ linguistic​​ states,​​ was​​ headed​​ by​​ :

(A)​​ Saiyid​​ Fazl​​ Ali  ​​  ​​  ​​ (B)​​ K.​​ M.​​ Panniker       ​​ (C)​​ H.​​ N.​​ Kunzru        ​​ (D)​​ M.​​ C.​​ Mahajan

 

6. ​​ The​​ States​​ re-organisation​​ Act,​​ 1956​​ divided​​ the​​ entire​​ country​​ into​​ :

(A)​​ 22​​ states​​ and​​ 9​​ union​​ territories

(B)​​ 14​​ states​​ and​​ 9​​ union​​ territories

(C)​​ 17​​ states​​ and​​ 7​​ union​​ territories

(D)​​ Four​​ categories​​ of​​ states

 

7. ​​ The​​ Constitution​​ of​​ India​​ provides​​ for​​ :

(A)​​ Single​​ citizenship

(B)​​ Double​​ citizenship

(C)​​ Contains​​ no​​ provision​​ regarding​​ citizenship

(D)​​ Provides​​ multiple​​ citizenship

 

8.  ​​ India​​ borrowed​​ the​​ idea​​ of​​ Directive​​ Principle​​ of​​ State​​ Policy​​ from​​ the​​ Constitution​​ of​​ :

(A)​​ The​​ Weimar​​ Republic​​ of​​ Germany

(B)​​ The​​ Republic​​ of​​ Ireland

(C)​​ The​​ South​​ Africa

(D)​​ None​​ of​​ the​​ above

 

9. ​​ In​​ which​​ part​​ of​​ the​​ Constitution​​ does​​ the​​ concept​​ of​​ welfare​​ state​​ find​​ elaboration?

(A)​​ Preamble

(B)​​ Fundamental​​ Rights

(C)​​ Directive​​ Principle​​ of​​ State​​ Policy

(D)​​ All​​ of​​ the​​ above

 

10. ​​ Which​​ one​​ of​​ the​​ following​​ is​​ a​​ Directive​​ Principle​​ of​​ State​​ Policy?

(A)​​ The​​ state​​ shall​​ not​​ deny​​ to​​ any​​ person​​ equality​​ before​​ law

(B)​​ The​​ state​​ shall​​ not​​ discriminate​​ against​​ any​​ person​​ on​​ grounds​​ of​​ religion;​​ race,​​ caste,​​ sex​​ or​​ place​​ of​​ birth

(C)​​ Untouchability​​ is​​ abolished​​ and​​ practice​​ in​​ any​​ form​​ shall​​ be​​ punishable​​ by​​ law

(D)​​ The​​ state​​ shall​​ endeavour​​ to​​ protect​​ and​​ improve​​ the​​ environment​​ and​​ safeguarding​​ of​​ forests​​ and​​ wild​​ life

 

11. ​​ 'Right​​ to​​ property'​​ is​​ a​​ :

(A)​​ Fundamental​​ Rights      ​​ (B) ​​ Directive​​ Principle         (C)​​ Legal​​ Right      ​​ (D)​​ Social​​ Right

 

12. ​​ Which​​ one​​ of​​ the​​ following​​ is​​ not​​ a​​ fundamental​​ right?

(A)​​ Right​​ against​​ exploitation

(B)​​ Equal​​ pay​​ for​​ equal​​ work

(C)​​ Equality​​ before​​ law

(D)​​ Right​​ to​​ freedom​​ of​​ religion

 

13. ​​ The​​ verdict​​ by​​ the​​ Supreme​​ Court​​ that​​ the​​ original​​ (basic)​​ structure​​ of​​ the​​ Constitution​​ cannot​​ be​​ amended​​ was​​ given​​ in​​ which​​ case?

(A)​​ Sajjan​​ Singh​​ case         ​​ (B)​​ Minerva​​ Mills​​ case

(C)​​ GolakNath's​​ case          (D)​​ Keshvananda​​ Bharati​​ case

 

14. ​​ The​​ Vice​​ President​​ of​​ India​​ is​​ elected​​ by​​ an​​ electoral​​ college​​ consisting​​ of​​ the​​ members​​ of​​ :

(A)​​ Rajya​​ Sabha

(B)​​ Lok​​ Sabha​​ and​​ Rajya​​ Sabha

(C)​​ State​​ Legislatures​​ and​​ Lok​​ Sabha

(D)​​ None​​ of​​ the​​ above

 

15. ​​ The​​ President​​ of​​ India​​ can​​ nominate​​ ——​​ members​​ to​​ the​​ Lok​​ Sabha​​ and​​ ——​​ members​​ to​​ the​​ Rajya​​ Sabha

(A)​​ 12, ​​ 2         (B)​​ 2, ​​ 12 ​​  ​​    ​​ (C)​​ 2, ​​ 10       ​​ (D)​​ 10, ​​ 2

 

16. ​​ Who​​ among​​ the​​ following​​ did​​ not​​ serve​​ as​​ the​​ Vice​​ President​​ of​​ India​​ before​​ becoming​​ the​​ President​​ of​​ India?

(A)​​ Dr.​​ S.​​ Radhakrishnan

(B)​​ Dr.​​ Zakir​​ Hussain

(C)​​ Dr.​​ A.​​ P.​​ J.​​ Abdul​​ Kalam

(D)​​ Shankar​​ Dayal​​ Sharma

 

17. ​​ Out​​ of​​ the​​ following​​ who​​ served​​ as​​ the​​ first​​ Vice​​ President​​ of​​ India?
(A)​​ Dr.​​ Rajendra​​ Prasad       (B)​​ Dr.​​ S.​​ Radhakrishnan      ​​ (C)​​ Dr.​​ Zakir​​ Hussain​​  ​​  ​​  ​​ (D)​​ V.​​ V,​​ Giri

 

18. ​​ In​​ which​​ article​​ of​​ the​​ Constitution​​ of​​ India​​ has​​ the​​ joint​​ sitting​​ of​​ the​​ Lok​​ Sabha​​ and​​ Rajya​​ Sabha​​ been​​ provided?

(A)​​ Article​​ 104        (B)​​ Article​​ 108        ​​ (C)​​ Article​​ 133       ​​ (D)​​ Article​​ 143

 

19. ​​ The​​ first​​ Five​​ Year​​ Plan​​ in​​ India​​ was​​ launched​​ in​​ the​​ year​​ :

(A)​​ 1951      ​​ (B)​​ 1949       ​​ (C)​​ 1953       ​​ (D)​​ 1947

 

20. ​​ The​​ first​​ Election​​ Commissioner​​ of​​ India​​ was​​ :

(A)​​ S.S.​​ Verma ​​  ​​    ​​ (B)​​ B.C.Roy       (C)​​ Sukumar​​ Sen      ​​ (D)​​ H.​​ J.​​ Kania

 

21. ​​ Which​​ among​​ the​​ following​​ is​​ the​​ middle​​ unit​​ of​​ Three​​ Tier​​ Panchayati​​ Raj​​ System?

(A)​​ Gram​​ Panchayat​​  ​​   ​​   (B)​​ Panchayat​​ Samiti       (C)​​ Zila​​ Parishad ​​  ​​  ​​  ​​ (D)​​ Gram​​ Sabha

 

22. ​​ Sarkaria​​ Commission​​ was​​ set​​ up​​ in​​ the​​ year​​ :

(A)​​ 1982         (B)​​ 1983   ​​     ​​ (C)​​ 1984  ​​  ​​    ​​ (D)​​ 1985

 

23. ​​ Montagu-Chelmsford​​ report​​ is​​ associated​​ with

(A)​​ Govt.​​ of​​ India​​ Act,​​ 1918  

(B)​​ Govt.​​ of​​ India​​ Act,​​ 1920

(C)​​ Govt.​​ of​​ India​​ Act,​​ 1930

(D)​​ Govt,​​ of​​ India​​ Act,​​ 1919

 

24. ​​ Unlike​​ that​​ of​​ the​​ Lok​​ Sabha​​ what​​ is​​ the​​ period​​ of​​ the​​ Rajya​​ Sabha?

(A)​​ 6​​ years        ​​ (B)​​ 5​​ years         (C)​​ It​​ is​​ a​​ Permanent​​ House  ​​   ​​   ​​ (D)​​ 2​​ years

 

25. ​​ The​​ guardian​​ of​​ the​​ Indian​​ Constitution​​ is​​ :

(A)​​ The​​ President​​ of​​ India

(B)​​ The​​ Parliament​​ of​​ India

(C)​​ The​​ Supreme​​ Court​​ of​​ India

(D​​ The​​ Prime​​ Minister​​ and​​ the​​ Council​​ of​​ Ministers

 

26. ​​ The​​ Lok​​ Sabha​​ was​​ first​​ constituted​​ in​​ :

(A)​​ 1947        (B)​​ 1952       ​​ (C)​​ 1950       ​​ (D)​​ 1951

 

27. ​​ Under​​ which​​ Article​​ of​​ the​​ Indian​​ Constitution​​ can​​ the​​ Parliament​​ legislate​​ on​​ any​​ subject​​ in​​ the​​ state​​ list?

(A)​​ Article​​ 229         (B)​​ Article​​ 249        ​​ (C)​​ Article​​ 239       ​​ (D)​​ Article​​ 259

 

28. ​​ The​​ first​​ Finance​​ Commission​​ was​​ constituted​​ in​​ :

(A)​​ 1951      ​​ (B)​​ 1962       ​​ (C)​​ 1947       ​​ (D)​​ 1952

 

29. ​​ The​​ Anti-Defection​​ Law​​ was​​ enacted​​ in​​ :

(A)​​ 1985       ​​ (B)​​ 1980       ​​ (C)​​ 1983        ​​ (D)​​ 1982

 

30. ​​ The​​ right​​ to​​ Constitutional​​ remedy​​ in​​ the​​ Indian​​ Constitution​​ is​​ provided​​ for​​ under​​ :

(A)​​ Article​​ 19        (B)​​ Article​​ 32        ​​ (C)​​ Article​​ 15        ​​ (D)​​ Article​​ 39

 

31. ​​ Which​​ one​​ among​​ the​​ following​​ is​​ not​​ stipulated​​ in​​ the​​ Constitution​​ of​​ India?

(A)​​ Union​​ Public​​ Service​​ Commission

(B)​​ Election​​ Commission​​ of​​ India

(C)​​ Council​​ of​​ Ministers

(D)​​ The​​ Planning​​ Commission

 

32. ​​ Nagarpalika​​ bill​​ was​​ first​​ introduced​​ in​​ the​​ Parliament​​ during​​ the​​ Prime​​ Ministership​​ of​​ :

(A)​​ Rajiv​​ Gandhi ​​  ​​  ​​  ​​ (B)​​ Narashimha​​ Rao        ​​ (C)​​ V.​​ P.​​ Singh      ​​ (D)​​ Indira​​ Gandhi

 

33. ​​ Identify​​ the​​ correct​​ chronological​​ order​​ of​​ the​​ following​​ landmark​​ judgement​​ by​​ the​​ Supreme​​ Court​​ :

(i)​​ Minerva​​ Mills​​ case

(ii)​​ Golak​​ Nath​​ case

(iii)​​ A.​​ K.​​ Gopalam​​ case

(iv)​​ Ninth​​ Schedule​​ of​​ the​​ Constitution​​ case

(A)​​ (iv),​​ (ii),​​ (iii),​​ (i) ​​      ​​ (B)​​ (iii),​​ (iv),​​ (i),​​ (ii)      ​​ (C)​​ (iii),​​ (i),​​ (ii),​​ (iv)        (D)​​ (iii),​​ (ii),​​ (i),​​ (iv)

 

34. ​​ Anti-Defection​​ law​​ was​​ placed​​ in​​ :

(A)​​ The​​ Preamble

(B)​​ The​​ Fundamental​​ Rights​​ chapter​​ in​​ the​​ Constitution

(C)​​ 6th​​ schedule​​ of​​ the​​ Constitution

(D)​​ 10th​​ schedule​​ of​​ the​​ Constitution

 

35. ​​ Arrange​​ the​​ following​​ in​​ chronological​​ order​​ and​​ use​​ the​​ codes​​ given​​ below​​ :

(i)​​ Keshavananda​​ Bharati​​ case

(ii)​​ Golaknath​​ case

(iii)​​ Minerva​​ Mills​​ case

(iv)​​ Sajjan​​ Singh​​ case​​ Codes

(A)​​ (iii),​​ (ii),​​ (iv),​​ (i)       ​​ (B)​​ (i),​​ (iv),​​ (iii),​​ (ii)        (C)​​ (iv),​​ (ii),​​ (i),​​ (iii)       ​​ (D)​​ (ii),​​ (iv),​​ (iii),​​ (i)

 

36. ​​ Which​​ Article​​ of​​ the​​ Constitution​​ provides​​ the​​ Parliament​​ the​​ power​​ to​​ amend​​ the​​ Constitution?

(A)​​ 370   ​​    (B)​​ 368        ​​ (C)​​ 390       ​​ (D)​​ 376

 

37. ​​ The​​ impeachment​​ of​​ the​​ President​​ of​​ India​​ can​​ be​​ initiated​​ in​​ :

(A)​​ either​​ House​​ of​​ the​​ Parliament

(B)​​ a​​ joint​​ sitting​​ of​​ both​​ the​​ Houses​​ of​​ the​​ Parliament

(C)​​ the​​ Lok​​ Sabha​​ alone

(D)​​ the​​ Rajya​​ Sabha​​ alone

 

38. ​​ Who​​ of​​ the​​ following​​ constitutes​​ a​​ Finance​​ Commission​​ for​​ India?

(A)​​ The​​ President​​ of​​ India

(B)​​ The​​ Prime​​ Minister

(C)​​ The​​ Union​​ Finance​​ Minister

(D)​​ The​​ Union​​ Cabinet

 

39. ​​ Which​​ one​​ of​​ the​​ following​​ High​​ Courts​​ has​​ the​​ territorial​​ jurisdiction​​ over​​ Andaman​​ and​​ Nicobar​​ Islands?

(A)​​ Andhra​​ Pradesh        (B)​​ Kolkata        ​​ (C)​​ Chennai​​  ​​     ​​ (D)​​ Odisha

 

40.​​ District​​ Judges​​ in​​ a​​ state​​ are​​ appointed​​ by​​ the​​ :

(A)​​ Governor

(B)​​ Chief​​ Justice​​ of​​ High​​ Court

(C)​​ Council​​ of​​ Ministers​​ of​​ the​​ State

(D)​​ Advocate​​ General​​ of​​ the​​ State

 

41. ​​ When​​ a​​ Bill​​ is​​ reserved​​ by​​ the​​ Governor​​ for​​ the​​ consideration​​ of​​ the​​ President,​​ within​​ what​​ time​​ he​​ must​​ return​​ the​​ Bill?

(A)​​ Three​​ months ​​  ​​   ​​ (B)​​ Six​​ months        ​​ (C)​​ One​​ year       (D)​​ There​​ is​​ no​​ time​​ limit

 

42. ​​ The​​ Planning​​ Commission​​ was​​ set​​ up​​ :

(A)​​ Under​​ the​​ Government​​ of​​ India​​ Act,​​ 1935

(B)​​ as​​ per​​ the​​ provisions​​ of​​ the​​ Constitution​​ of​​ India

(C)​​ by​​ a​​ Cabinet​​ resolution

(D)​​ as​​ per​​ the​​ recommendations​​ of​​ the​​ National​​ Development​​ Council

 

43. ​​ Which​​ of​​ the​​ following​​ is​​ not​​ in​​ the​​ State​​ List​​ under​​ the​​ Constitution​​ of​​ India?

(A)​​ Insurance       ​​ (B)​​ Fisheries        ​​ (C)​​ Agriculture​​  ​​     ​​ (D)​​ Gambling

 

44. ​​ The​​ term​​ of​​ the​​ Comptroller​​ and​​ Auditor​​ General​​ of​​ India​​ is​​ :

(A)​​ 6​​ years     ​​ (B)​​ 65​​ years

(C)​​ 6​​ years​​ or​​ 65​​ years​​ of​​ age​​ whichever​​ is​​ earlier

(D)​​ None​​ of​​ the​​ above

 

45. ​​ Which​​ one​​ of​​ the​​ following​​ Articles​​ of​​ the​​ Constitution​​ of​​ India​​ makes​​ a​​ specific​​ mention​​ of​​ village​​ Panchayats​​ :

(A)​​ Article​​ 19       ​​ (B)​​ Article​​ 21        (C)​​ Article​​ 40       ​​ (D)​​ Article​​ 246

 

46. ​​ Which​​ among​​ the​​ following​​ is​​ the​​ exclusive​​ jurisdiction​​ of​​ the​​ State​​ Governments?

(A)​​ Corporation​​ Tax     ​​ (B)​​ Customs​​ Duty​​ Tax        (C)​​ Sales​​ Tax      ​​ (D)​​ Income​​ Tax

 

47. ​​ The​​ special​​ status​​ of​​ Jammu​​ and​​ Kashmir​​ implies​​ that​​ the​​ state​​ has​​ :

(A)​​ separate​​ defence​​ forces

(B)​​ a​​ separate​​ Constitution

(C)​​ a​​ separate​​ judiciary

(D)​​ all​​ of​​ the​​ above

 

48. ​​ The​​ Chairman​​ and​​ members​​ of​​ the​​ UPSC​​ hold​​ office​​ for​​ a​​ term​​ of​​ :

(A)​​ Three​​ years     ​​ (B)​​ Four​​ years     ​​ (C)​​ Five​​ years      (D)​​ Six​​ years​​ or​​ until​​ he​​ attains​​ the​​ age​​ of​​ 65​​ years

 

49. ​​ How​​ many​​ types​​ of​​ emergencies​​ have​​ been​​ envisaged​​ by​​ the​​ Constitution?

(A)​​ 2       (B)​​ 3       ​​ (C)​​ 4      ​​ (D)​​ 1

 

50. ​​ The​​ members​​ of​​ the​​ Council​​ of​​ Ministers​​ are​​ collectively​​ responsible​​ to​​ :

(A)​​ The​​ President​​ of​​ India

(B)​​ The​​ House​​ of​​ the​​ People

(C)​​ The​​ Prime​​ Minister

(D)​​ The​​ Rajya​​ Sabha

 

51. ​​ Repo​​ Rate​​ is​​ the​​ Rate​​ at​​ which

(A)​​ RBI​​ borrows​​ from​​ Commercial​​ banks

(B)​​ RBI​​ lends​​ to​​ commercial​​ banks

(C)​​ RBI​​ borrows​​ from​​ public

(D)​​ None​​ of​​ the​​ above

 

52. ​​ The​​ specific​​ purpose​​ of​​ Finance​​ Commission​​ to​​ make​​ recommendations​​ in​​ respect​​ of

(A)​​ Financial​​ Liberalisation​​ of​​ the​​ economy

(B)​​ Planned​​ expenditure​​ of​​ the​​ Central​​ and​​ State​​ Govts.

(C)​​ The​​ division​​ and​​ distribution​​ of​​ taxes​​ between​​ the​​ Union​​ and​​ the​​ States

(D)​​ Non-planned​​ expenditure​​ of​​ the​​ Central​​ Govt.

 

53. ​​ Fiscal​​ Deficit​​ is​​ -

(A)​​ Revenue​​ Receipts​​ +​​ Capital​​ receipts​​ (only​​ recoveries​​ of​​ loan​​ and​​ other​​ receipts)​​ -​​ Total​​ expenditure

(B)​​ Budget​​ Deficit​​ +​​ Government's​​ market​​ borrowings​​ and​​ liabilities

(C)​​ Primary​​ Deficit​​ +​​ Interest​​ payment

(D)​​ All​​ of​​ the​​ above

 

54. ​​ M3​​ money​​ is​​ -

(A)​​ M2​​ +​​ Net​​ time​​ deposits​​ with​​ banks

(B)​​ M1​​ +​​ M2

(C)​​ M4​​ -​​ M1

(D)​​ M1​​ +​​ savings​​ deposits​​ with​​ post​​ office

 

55. ​​ Merit​​ goods​​ are​​ those​​ goods​​ in​​ which

(A)​​ The​​ social​​ benefit​​ is​​ much​​ greater​​ than​​ the​​ sum​​ of​​ private​​ benefits​​ to​​ individual​​ consumers

(B)​​ The​​ private​​ benefits​​ is​​ much​​ greater​​ than​​ the​​ social​​ benefit

(C)​​ The​​ Benefits​​ are​​ equal

(D)​​ None​​ of​​ the​​ above

 

56. ​​ Functions​​ of​​ Money​​ -

(A)​​ Money​​ as​​ a​​ medium​​ of​​ exchange

(B)​​ Money​​ as​​ a​​ unit​​ of​​ account

(C)​​ Money​​ as​​ a​​ standard​​ of​​ deferred​​ payment

(D)​​ All​​ the​​ above​​ three

 

57. ​​ Cash​​ Reserve​​ Ratio​​ (CRR)​​ is​​ -

(A)​​ The​​ share​​ of​​ deposits​​ commercial​​ banks​​ must​​ keep​​ with​​ RBI

(B)​​ The​​ share​​ of​​ deposits​​ RBI​​ must​​ keep​​ with​​ Central​​ Govt.

(C)​​ The​​ share​​ of​​ deposits​​ banks​​ give​​ as​​ loan​​ to​​ the​​ industry

(D)​​ None​​ of​​ the​​ above

 

58. ​​ Who​​ was​​ the​​ Chairman​​ of​​ 13th​​ Finance​​ Commission​​ of​​ India?

(A)​​ Y.​​ S.​​ P.​​ Thorat​​  ​​  ​​   ​​ (B)​​ T.​​ S.​​ Vijayan        (C)​​ Vijay​​ Kelker ​​  ​​   ​​ (D)​​ S.​​ Tendulkar

 

59. ​​ Primary​​ Deficit​​ is​​ equal​​ to​​ -

(A)​​ Fiscal​​ Deficit​​ +​​ Interest​​ payment

(B)​​ Fiscal​​ Deficit​​ -​​ Interest​​ payment

(C)​​ Budget​​ Deficit​​ -​​ Revenue​​ Deficit

(D)​​ All​​ of​​ the​​ above

 

60. ​​ MODVAT​​ (Modified​​ Value​​ Added​​ Tax)​​ was​​ introduced​​ in​​ India​​ in​​ -

(A)​​ 1991       (B)​​ 1986 ​​   ​​   ​​ (C)​​ 2009       ​​ (D)​​ 2005

 

61. ​​ From​​ Non-performing​​ Asset​​ (NPA)​​ Banks

(A)​​ Cannot​​ earn​​ any​​ interest

(B)​​ Can​​ earn​​ maximum​​ profits

(C)​​ Make​​ assets​​ of​​ its​​ own 

(D)​​ All​​ of​​ the​​ above

 

62. ​​ Child​​ Labour​​ Eradicatioa​​ Scheme​​ was​​ introduced​​ in​​ -

(A)​​ 2nd​​ December,​​ 2011   ​​   (B)​​ 15th​​ August,​​ 1994 ​​  ​​   ​​ (C)​​ 15th​​ August,​​ 2001 ​​     ​​ (D)​​ 14th​​ November,​​ 1971

 

63. ​​ RBI​​ was​​ nationalised​​ on​​ -

(A)​​ 21st​​ January,​​ 1950 ​​  ​​    (B)​​ 1st​​ January,​​ 1949     ​​  ​​ (C)​​ 3rd​​ July,​​ 1966​​  ​​  ​​  ​​ (D)​​ None​​ of​​ the​​ above

 

64. ​​ Head-quarter​​ of​​ SIDBI​​ (Small​​ Industries​​ Development​​ Bank)​​ is​​ located​​ in​​ -

(A)​​ New​​ Delhi      ​​ (B)​​ Mumbai         (C)​​ Lucknow       ​​ (D) ​​ Kolkata

 

65. ​​ Excise​​ Duty​​ stamps​​ of​​ Central​​ Govt.​​ are​​ printed​​ in​​ the​​ -

(A)​​ Security​​ printing​​ Press,​​ Hyderabad

(B)​​ Currency​​ Notes​​ Press,​​ Nasik​​ Road

(C)​​ Indian​​ Security​​ Press

(D)​​ Modernised​​ Currency​​ Notes​​ Press

 

66. ​​ SBI​​ Life​​ Insurance​​ Company​​ is​​ associated​​ with​​ -

(A)​​ SBI​​ and​​ LIC​​ of​​ India

(B)​​ SBI​​ and​​ Bank​​ of​​ Bangladesh

(C)​​ SBI​​ and​​ Cardiff'S.​​ A.​​ of​​ France

(D)​​ None​​ of​​ the​​ above

 

67. ​​ Export-Import​​ Bank​​ of​​ India​​ (EXIM)​​ was​​ established​​ in​​ -

(A)​​ 1991      ​​ (B)​​ 1999        (C)​​ 1982       ​​ (D)​​ 2004

 

68. ​​ Note​​ of​​ Rs.1000​​ was​​ introduced​​ by​​ RBI​​ in​​ the​​ year

(A)​​ 1991,​​ July      ​​ (B)​​ 2000,​​ October       ​​ (C)​​ 1999,​​ December       ​​ (D)​​ 2005,​​ November

 

69. ​​ Infrastructure​​ Development​​ Finance​​ Company​​ (IDFC)​​ was​​ established​​ in​​ India​​ in​​ the​​ year​​ -

(A)​​ 1997  ​​  ​​    ​​ (B)​​ 1999    ​​  ​​  ​​ (C)​​ 1998       ​​ (D)​​ 2001

 

70. ​​ Narasimham​​ Committee​​ (Second)​​ is​​ associated​​ with

(A)​​ Sugar​​ Industry​​ Reforms  ​​   ​​ (B)​​ Fertiliser​​ Industry​​ Reforms

(C)​​ Banking​​ Sector​​ Reforms  ​​   ​​  ​​ (D)​​ None​​ of​​ the​​ above

 

71. ​​ 'Fiscal​​ Drag' ​​ implies​​ -

(A)​​ A​​ situtation​​ where​​ inflation​​ pushes​​ income​​ into​​ higher​​ tax​​ bracket​​ creep

(B)​​ The​​ situation​​ of​​ decrease​​ in​​ income​​ taxes

(C)​​ A​​ situation​​ of​​ increase​​ in​​ real​​ purchasing​​ power

(D)​​ None​​ of​​ the​​ above

 

72. ​​ Expenditure​​ for​​ Public​​ Admistration​​ is​​ under​​ -

(A)​​ Plan​​ expenditure​​  ​​  ​​   ​​ (B)​​ Non-plan​​ expenditure ​​  ​​   ​​ (C)​​ Profitable​​ expenditure ​​   ​​  ​​ (D)​​ None​​ of​​ the​​ above 

 

73. ​​ Fringe​​ Benefit​​ Tax​​ (FBT)​​ is​​ levied​​ on​​ the​​ employer​​ for​​ -

(A)​​ The​​ benefits​​ that​​ are​​ usually​​ enjoyed​​ collectively​​ by​​ the​​ employees​​ and​​ cannot​​ be​​ attributed​​ to​​ individual​​ employees

(B)​​ The​​ benefits​​ enjoyed​​ by​​ individual​​ employees

(C)​​ Both​​ (a)​​ and​​ (b)

(D)​​ None​​ of​​ the​​ above

 

74. ​​ Fiscal​​ Policy​​ is​​ that​​ part​​ of​​ Govt.​​ policy​​ which​​ is​​ -

(i)​​ Concerned​​ with​​ raising​​ revenue​​ taxation​​ and​​ Govt.​​ spending

(ii)​​ In​​ regard​​ to​​ taxation​​ and​​ spending​​ program

(iii)​​ Govt.​​ spending​​ policies​​ that​​ influence​​ macro​​ economic​​ conditions

(iv)​​ For​​ dealing​​ with​​ the​​ budget​​ especially​​ with​​ taxation​​ and​​ borrowing.

Which​​ one​​ of​​ the​​ above​​ statements​​ is​​ true​​ ?

(A)​​ Only​​ (i)       ​​ (B)​​ (i)​​ and​​ (ii)       ​​ (C)​​ All​​ of​​ the​​ above​​  ​​    ​​ (D)​​ None​​ of​​ the​​ above

 

75. ​​ 'Credit​​ Card'​​ is​​ an​​ example​​ of​​ -

(A)​​ Para-Banking​​ Activities

(B)​​ Non-Banking​​ Activities

(C)​​ Operation​​ Research​​ Activities

(D)​​ None​​ of​​ the​​ above

 

76. ​​ The​​ First​​ Development​​ Financial​​ Institution​​ in​​ lndia​​ -

(A)​​ IFCI      ​​ (B)​​ IDBI       ​​ (C)​​ SIDBI     ​​ (D)​​ ICICI

 

77. ​​ In​​ LERMS​​ (Liberalisation​​ Exchange​​ Rate​​ Management​​ System)​​ -

(A)​​ 60%​​ of​​ Foreign​​ currency​​ holding​​ was​​ permitted​​ to​​ be​​ converted​​ on​​ the​​ market​​ rate,​​ whereas​​ remaining​​ 40%​​ on​​ official​​ rate

(B)​​ 40%​​ on​​ Market​​ rate​​ and​​ 60%​​ on​​ official​​ rate

(C)​​ 100%​​ on​​ official​​ rate

(D)​​ None​​ of​​ the​​ above

 

78. ​​ The​​ time​​ period​​ for​​ the​​ 7th​​ Five​​ Year​​ Plan​​ was​​ -

(A)​​ 1986-91​​  ​​  ​​    (B)​​ 1985-90 ​​  ​​   ​​ (C)​​ 1980-85​​  ​​  ​​  ​​ (D)​​ 1991-96

 

79. ​​ The​​ share​​ of​​ agriculture​​ and​​ allied​​ sectors​​ in​​ India's​​ GDP​​ in​​ 2013-14​​ -

(A)​​ 14.7% ​​     ​​ (B)​​ 12.5%        (C)​​ 13.7% ​​   ​​   ​​ (D)​​ 21%

 

80. ​​ NABARD​​ was​​ established​​ in-

(A)​​ 4th​​ Five​​ Year​​ Plan​​ period​​ (FYP)       ​​ (B)​​ 5th​​ FYP​​  ​​   ​​   (C)​​ 6th​​ FYP  ​​   ​​  ​​ (D)​​ 8th​​ FYP

 

81. ​​ National​​ Income​​ of​​ India​​ is​​ measured​​ by​​ -

(A)​​ C.S.O.     ​​ (B)​​ Planning​​ Commission       ​​ (C)​​ Finance​​ Ministry     ​​ (D)​​ R.B.I

 

82. ​​ The​​ outline​​ of​​ second​​ Five​​ Year​​ Plan​​ was​​ made​​ by​​ -

(A)​​ B.N.Gadgil       ​​ (B)​​ V.K.R.​​ V.​​ Rao    ​​    (C)​​ P.​​ C.​​ Mahalanabish  ​​     ​​ (D)​​ C.​​ K.​​ Vakil

 

83. ​​ D.​​ A.​​ (Dearness​​ Allowance)​​ is​​ paid​​ on​​ the​​ basis​​ of​​ -

(A)​​ Standard​​ of​​ living​​  ​​  ​​  ​​ (B)​​ Per​​ capita​​ Income       (C)​​ Consumer​​ Price​​ index  ​​   ​​ (D)​​ National​​ Income

 

84. ​​ Growth​​ with​​ Equity​​ and​​ Distributive​​ Justice​​ was​​ the​​ main​​ objective​​ in

(A)​​ 7th​​ Five​​ Year​​ plan   ​​   ​​ (B)​​ 8th​​ Five​​ Year​​ plan ​​  ​​    (C)​​ 9th​​ Five​​ Year​​ plan ​​  ​​   ​​ (D)​​ 11th​​ Five​​ Year​​ plan

 

85. ​​ Punjab​​ National​​ Bank​​ was​​ nationalised​​ in

(A)​​ 1969       ​​ (B)​​ 1974      ​​ (C)​​ 1981​​  ​​   ​​ (D)​​ 1990

 

86. ​​ Which​​ of​​ the​​ following​​ is​​ not​​ a​​ financial​​ regulator

(A)​​ IRDA   ​​    (B)​​ AMFI     ​​ (C)​​ PFRDA  ​​  ​​ (D)​​ SEBI

 

87. ​​ Which​​ of​​ the​​ following​​ plan​​ is​​ meant​​ for​​ constructing​​ houses​​ for​​ rural​​ people

(A)​​ Indira​​ Awaas​​ Yojana

(B)​​ Ambedkar​​ Awaas​​ Yojana

(C)​​ PURA​​ Awaas​​ Yojana 

(D)​​ None​​ of​​ the​​ above

 

88. ​​ As​​ per​​ 13th​​ Finance​​ Gommission​​ recommendations​​ during​​ 2010-15​​ transfers​​ to​​ the​​ states​​ from​​ the​​ Central​​ tax​​ pool,​​ are​​ expected​​ to​​ be

(A)​​ Rs.​​ 40,000​​ crores  ​​  ​​   ​​ (B)​​ Rs.​​ 1,60,850​​ crores    ​​   (C)​​ Rs.​​ 3,18,581​​ crores      ​​ (D)​​ Rs.​​ 5,04,309​​ crores

 

89. ​​ C.S.O.​​ has​​ predicted​​ the​​ GDP​​ growth​​ of​​ Indian​​ economy​​ in​​ 2014-15​​ fiscal​​ year​​ will​​ be​​ -

(A)​​ 4.9%​​        (B)​​ 5.5%       ​​ (C)​​ 3.3%       ​​ (D)​​ 7%

 

90. ​​ CENVAT​​ is​​ associated​​ with​​ -

(A)​​ Direct​​ tax      ​​ (B)​​ Income​​ tax       (C)​​ Indirect​​ tax      ​​ (D)​​ Service​​ tax

 

91. ​​ Nirmal​​ Bharat​​ Abhiyan​​ Yojana​​ is​​ associated​​ with​​ -

(A)​​ The​​ development​​ of​​ Bihar

(B)​​ Community​​ toilets​​ in​​ slum​​ areas

(C)​​ Construction​​ of​​ houses​​ for​​ low​​ income​​ groups

(D)​​ None​​ of​​ the​​ above

 

92. ​​ Dalal​​ Street​​ is​​ situated​​ at

(A)​​ Amritsar       ​​ (B)​​ New​​ Delhi        (C)​​ Mumbai ​​      ​​ (D)​​ Chandigarh

 

93. ​​ The​​ number​​ of​​ approved​​ share​​ markets​​ in​​ India

(A)​​ 19 ​​  ​​  ​​ (B)​​ 20       (C)​​ 23 ​​    ​​  ​​ (D)​​ 24

 

94. ​​ Index​​ "Residex"​​ is​​ associated​​ with​​ —

(A)​​ Share​​ prices​​  ​​   ​​ (B)​​ Mutual​​ Fund​​ Prices      ​​ (C)​​ Inflation​​ index        (D)​​ Land​​ prices

 

95. ​​ Devaluation​​ of​​ currency​​ by​​ a​​ country​​ is​​ meant​​ to​​ lead​​ to​​ -

(i)​​ expansion​​ of​​ import​​ trade

(ii)​​ promotion​​ of​​ import​​ substitution

(iii)​​ expansion​​ of​​ export​​ trade

(iv)​​ All​​ the​​ above​​ Options​​ :

(A)​​ (i)​​ only  ​​  ​​  ​​   (B)​​ (ii)​​ and​​ (iii) ​​       ​​ (C)​​ (i)​​ and​​ (ii)       ​​ (D)​​ (iv)

 

96.​​ Poverty​​ in​​ less​​ developed​​ countries​​ largely​​ due​​ to

(A)​​ Voluntary​​ idleness

(B)​​ Income​​ inequality

(C)​​ Lack​​ of​​ cultural​​ activities

(D)​​ Lack​​ of​​ intelligence​​ of​​ the​​ people

 

97. ​​ The​​ Indian​​ rupee​​ is​​ fully​​ convertible​​ in​​ respect​​ of

(i)​​ Current​​ account​​ of​​ balance​​ of​​ payments

(ii)​​ Capital​​ account​​ of​​ balance​​ of​​ payments

(iii)​​ Gold

(iv)​​ None​​ of​​ the​​ above​​ Options

(A)​​ (i)​​ only         (B)​​ Both​​ (i)​​ and​​ (iii)  ​​      ​​ (C)​​ (iii)​​ only        ​​ (D)​​ (i),​​ (ii)​​ and​​ (iii)

 

98. ​​ The​​ states​​ debt​​ does​​ not​​ include​​ -

(A)​​ Loans​​ from​​ State​​ Bank​​ of​​ India

(B)​​ Loans​​ from​​ Central​​ Govt

(C)​​ Provident​​ Funds

(D)​​ Treasury​​ Bills​​ issued​​ to​​ international​​ financial​​ institutions

 

99. ​​ Which​​ of​​ the​​ following​​ contributes​​ the​​ maximum​​ earnings​​ in​​ Indian​​ Railways​​ 

(A) ​​ Passenger​​ Earnings​​   ​​    (B)​​ Goods​​ Traffic​​ Earnings   ​​  ​​ (C)​​ Sundry​​ Earnings     ​​ (D)​​ Other​​ Coach​​ Earnings

 

100. ​​ The​​ percentage​​ share​​ of​​ services​​ in​​ GDP​​ at​​ factor​​ cost​​ (at​​ current​​ prices)​​ in​​ 2013-14​​ in​​ Indian​​ Economy​​ -

(A)​​ 51​​ %       ​​ (B)​​ 47​​ %  ​​  ​​    (C)​​ 57​​ %      ​​ (D)​​ 60​​ %

 

Refernce​​ Book:-

The​​ book​​ you​​ may​​ follow​​ to​​ cover​​ the​​ previous​​ year​​ question​​ paper​​ is​​ CRACK-WBCS.

 

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