General Knowledge

Which one is included in India's foreign-exchange reserves

• Indian Economy

Which one of the following groups of items is included in India's foreign-exchange reserves?

1. Foreign-currency assets, loans from the World Bank and SDRs
2. Foreign-currency assets, gold holding of the RBI and loans from the World Bank
3. Foreign-currency assets, Special Drawing Rights (SDRs) and loans from foreign countries
4. Foreign-currency assets, gold holdings of the RBI and SDRs

Which organization brings out the publication World Economic Outlook

• World Economy

Which of the following organizations brings out the publication known as "World Economic Outlook"?

1. The United Nations Development Programme
2. The World Bank
3. The World Economic Forum
4. The International Monetary Fund

The basic aim of Lead Bank Scheme is that

• Money Banking

The basic aim of Lead Bank Scheme is that

1. there should be stiff competition among the various nationalized banks
2. big banks should try to open offices in each district
3. individual banks should adopt particular districts for intensive development
4. all the banks should make intensive efforts to mobilize deposits

The correct sequence of decreasing order of liquidity is

• Money Banking

Consider the following liquid assets:

• 1. Demand deposits with the banks
• 2. Time deposits with the bank
• 3. Savings deposits with the bank
• 4. Currency

The correct sequence of these assets in the decreasing order of liquidity is

1. 4-3-2-1
2. 1-4-3-2
3. 4-1-3-2
4. 2-3-1-4

If the interest rate is decreased in an economy, it will

• Money Banking

If the interest rate is decreased in an economy, it will

1. increase the tax collection of the Government
2. decrease the consumption expenditure in the economy
3. increase the total savings in the economy
4. increase the investment expenditure in the economy

Why is the offering of teaser loans by commercial banks

• Money Banking

Why is the offering of "teaser loans" by commercial banks a cause of economic concern?

• 1. The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
• 2. In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units.

Which of the statements given above is/are correct?

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

Priority Sector Lending by banks in India constitutes the lending to

• Money Banking

Priority Sector Lending by banks in India constitutes the lending to

1. Agriculture
2. Micro and small enterprises
3. Weaker section
4. All of the above

The Reserve Bank of India (RBI) acts as a bankers' bank

• Money Banking

The Reserve Bank of India (RBI) acts as a bankers' bank. This would imply which of the following?

• 1. Other banks retain their deposits with the RBI.
• 2. The RBI lends funds to the commercial banks in times of need.
• 3. The RBI advises the commercial banks on monetary matters.

Select the correct answer using the codes given below:

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

Supply of money remaining the same when there is an increase in demand

• Money Banking

Supply of money remaining the same when there is an increase in demand for money, there will be

1. a fall in the level of prices
2. an increase in the rate of interest
3. a decrease in the rate of interest
4. an increase in the level of income and employment

Why is the Government of India disinvesting its equity in the CPSEs

• Indian Economy

Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)?

• 1. The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt.
• 2. The Government no longer intends to retain the management control of the CPSEs.

Which of the statements given above is/are correct?

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

What does venture capital mean

• Money Banking

What does venture capital mean?

1. Funds provided to industries at times of incurring losses
2. A short-term capital provided to industries
3. A long-term start-up capital provided to new entrepreneurs
4. Funds provided for replacement and renovation of industries

Which of the above are components of Monetary Policy

• Money Banking

With reference to Indian economy, consider the following:

1. Bank rate 
2. Open market operations 
3. Public debt 
4. Public revenue

Which of the above is/are component / components of Monetary Policy?

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

With reference to inflation in India, Which of the following statements is correct

• Indian Economy

With reference to inflation in India, Which of the following statements is correct?

1. Controlling the inflation in India is the responsibility of the Government of India only
2. The Reserve Bank of India has no role in controlling the inflation
3. Decreased money circulation helps in controlling the inflation
4. Increased money circulation helps in controlling the inflation

A decrease in tax to GDP ratio of a country indicates which of the following

• National Income

A decrease in tax to GDP ratio of a country indicates which of the following?

1. Slowing economic growth rate
2. Less equitable distribution of national income

Select the correct answer using the code given below.

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

In the 'Index of Eight Core Industries', which one of the following is given the highest weight

• Indian Economy

In the 'Index of Eight Core Industries', which one of the following is given the highest weight?

1. Coal production 
2. Electricity generation 
3. Fertilizer production
4. Steel production

Which one of the following issues the 'Global Economic Prospects' report periodically

• World Economy

Which one of the following issues the 'Global Economic Prospects' report periodically?

1. The Asian development Bank 
2. The European Bank for Reconstruction and Development 
3. The US Federal Reserve Bank
4. The World Bank

Which of the following brings out the 'Consumer Price Index Number for Industrial Workers'

• Indian Economy

Which of the following brings out the 'Consumer Price Index Number for Industrial Workers'?

1. The Reserve Bank of India
2. The Department of Economic Affairs
3. The Labour Bureau 
4. The Department of Personnel and Training

Convertibility of rupee implies

• Money Banking

Convertibility of rupee implies

1. being able to convert rupee notes into gold
2. allowing the value of rupee to be fixed by market forces 
3. freely permitting the conversion of rupee to other currencies and vice versa 
4. developing an international market for currencies in India

Which among the following schedules of the Indian Constitution

• Constitution

Which among the following schedules of the Indian Constitution deals with forms of Oaths or Affirmations?

1. 2nd Schedule
2. 3rd Schedule
3. 4th Schedule
4. 5th Schedule

Part IV of the Indian Constitution deals with Directive Principles of State Policy

• Constitution

Part IV of the Indian Constitution deals with Directive Principles of State Policy. This feature of Indian Constitution was influenced by a similar feature of

1. Canadian Constitution
2. Australian Constitution
3. American Constitution
4. Irish Constitution

On 29 August 1947, the Drafting Committee for Indian Constitution was appointed

• Constitution

On 29 August 1947, the Drafting Committee for Indian Constitution was appointed, with Dr B. R. Ambedkar as the Chairman along with six other members. Who among the following was not the member of the Drafting Committee?

1. N. Gopalaswami Ayengar
2. Jawahar Lal Nehru
3. Kanaiyalal Maneklal Munshi
4. Alladi Krishnaswamy lyer

How many members, the President of India can nominate

• Executive

How many members, the President of India can nominate to Lok Sabha & Rajya Sabha, respectively?

1. 12, 2
2. 2, 12
3. 2, 10
4. 10, 2

A deadlock between the Lok Sabha and the Rajya Sabha calls

• Legislature

A deadlock between the Lok Sabha and the Rajya Sabha calls for a joint sitting of the Parliament during the passage of

• 1. Ordinary Legislation
• 2. Money Bill
• 3. Constitution Amendment Bill

Select the correct answer using the codes given below:

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

Attorney General of India can

• Legislature

Attorney General of India can

• 1. take part in the proceedings of the Lok Sabha
• 2. be a members of a committee of the Lok Sabha
• 3. speak in the Lok Sabha
• 4. vote in the Lok Sabha

Which of the statements given above is /are correct?

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

With reference to the Delimitation Commission

• Organisations & Policies

With reference to the Delimitation Commission, consider the following statements:

• 1. The orders of the Delimitation Commission cannot be challenged in a Court of Law.
• 2. When the orders of the Delimitation Commission are laid before the Lok Sabha or State Legislative Assembly, they cannot effect any modifications in the orders.

Which of the statements given above is/are correct?

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

Which of the following is the largest Committee of the Parliament

• Legislature

Which one of the following is the largest Committee of the Parliament?

1. The Committee on Public Accounts
2. The Committee on Public Undertakings
3. The Committee on Petitions
4. The Committee on Estimates

The Parliament can make any law for implementing international treaties

• Legislature

The Parliament can make any law for whole or any part of India for implementing international treaties

1. without the consent of any State
2. with the consent of all the States
3. with the consent of the State concerned
4. with the consent of the majority of States

In the Parliament of India, the purpose of an adjournment motion is

• Legislature

In the Parliament of India, the purpose of an adjournment motion is

1. to let opposition members collect information from the ministers
2. to allow a reduction of specific amount in demand for grant
3. to allow a discussion on a definite matter of urgent public importance
4. to postpone the proceedings to check the inappropriate or violent behaviour on the part of some members

What will follow if the money bill is substantially amended

• Legislature

What will follow if the money bill is substantially amended by the Rajya Sabha?

1. The Lok Sabha may send the bill to the Rajya Sabha for reconsideration
2. The Lok Sabha may still proceed with the bill, accepting or not accepting the recommendations of the Rajya Sabha
3. The president may call a joint sitting for passing the Bill
4. The Lok Sabha cannot consider the bill further

The power to increase the number of judges in the Supreme Court

• Judiciary

The power to increase the number of judges in the Supreme Court of India is vested in

1. the President of India
2. the Chief Justice of India
3. the Law Commission
4. the Parliament

The power of the Supreme Court of India to decide disputes

• Judiciary

The power of the Supreme Court of India to decide disputes between the Centre and the States falls under its

1. original jurisdiction
2. advisory jurisdiction
3. writ jurisdiction
4. appellate jurisdiction

Which are included in the original jurisdiction of the Supreme Court

• Judiciary

Which of the following are included in the original jurisdiction of the Supreme Court?

• 1. A dispute between the Government of India and one or more States
• 2. A dispute regarding elections to either House of the Parliament or that of Legislature of a State
• 3. A dispute between the Government of India and a Union Territory
• 4. A dispute between two or more States

Select the correct answer using the codes given below:

1. 2 and 3
2. 1 and 4
3. 3 and 4
4. 1 and 2

What is the provision to safeguard the autonomy of the Supreme Court

• Judiciary

What is the provision to safeguard the autonomy of the Supreme Court of India?

• 1. While appointing the Supreme Court Judges, the President of India has to consult the Chief Justice of India.
• 2. The Supreme Court Judges can be removed by the Chief Justice of India only.
• 3. The salaries of the Judges are charged on the Consolidated Fund of India to which the legislature does not have to vote.
• 4. All appointments of officers and staffs of the Supreme Court of India are made by the Government only after consulting the Chief Justice of India.

Which of the statements given above is/are correct?

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

In India, other than ensuring that public funds are used efficiently

• Executive

In India, other than ensuring that public funds are used efficiently and for intended purpose, what is the importance of the office of the Comptroller and Auditor General (CAG)?

• 1. CAG exercises exchequer control on behalf of the Parliament when the President of India declares national emergency/financial emergency.
• 2. CAG reports on the execution of projects or programmes by the ministries are discussed by the Public Accounts Committee.
• 3. Information from CAG reports can be used by investigating agencies to press charges against those who have violated the law while managing public finances.
• 4. While dealing with the audit and accounting of government companies, CAG has certain judicial powers for prosecuting those who violate the law.

Which of the statements given above is/are correct?

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

Which are the functions of the Cabinet Secretariat

• Executive

Which of the following is / are the function/functions of the Cabinet Secretariat?

• 1. Preparation of agenda for Cabinet Meetings
• 2. Secretarial assistance to Cabinet Committees
• 3. Allocation of financial resources to the Ministries

Select the correct answer using the code given below

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

The Prime Minister of India, at the time of appointment

• Executive

The Prime Minister of India, at the time of his/her appointment

1. need not necessarily be a member of one of the Houses of the Parliament but must become a member of the Lok Sabha within six months
2. need not necessarily be a member of one of the Houses of the Parliament but must become a member of one of the Houses within six months
3. must be a member of one of the Houses of the Parliament
4. must be a member of the Lok Sabha

Which are the discretionary powers given to the Governor of a State

• Executive

Which of the following are the discretionary powers given to the Governor of a State?

• 1. Sending a report to the President of India for imposing the President’s rule
• 2. Appointing the Ministers
• 3. Reserving certain bills passed by the State Legislature for consideration of the President of India
• 4. Making the rules to conduct the business of the State Government

Select the correct answer using the code given below.

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

Which Schedules of the Constitution of India contains provisions regarding anti-defection

• Constitution

Which one of the following Schedules of the Constitution of India contains provisions regarding anti-defection?

1. Eighth Schedule
2. Fifth Schedule
3. Second Schedule
4. Tenth Schedule

Promotion of international peace and security is included in the

• Constitution

In the Constitution of India, promotion of international peace and security is included in the

1. Ninth Schedule
2. Fundamental Duties
3. Directive Principles of State Policy (DPSP)
4. Preamble to the Constitution

Which are fundamentals for the governance of the country

• Constitution

According to the Constitution of India, which of the following are fundamentals for the governance of the country?

1. Fundamental Duties
2. Fundamental Rights and Fundamental Duties
3. Fundamental Rights
4. Directive Principles of State Policy

Which are Fundamental Duties of citizens laid down in the Indian Constitution

• Constitution

Which of the following is/are among the Fundamental Duties of citizens laid down in the Indian Constitution?

• 1. To preserve the rich heritage of our composite culture
• 2. To protect the weaker sections from social injustice
• 3. To develop the scientific temper and spirit of inquiry
• 4. To strive towards excellence in all spheres of individual and collective activity

Select the correct answer using the codes given below:

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

The distribution of powers between the Centre and the States

• Constitution

The distribution of powers between the Centre and the States in the Indian Constitution is based on the scheme provided in the

1. Montagu-Chelmsford Act, 1919
2. Government of India Act, 1935
3. Morley-Minto Reforms, 1909
4. Indian Independence Act, 1947

The Parliament of India consists of

• Legislature

The Parliament of India consists of

1. Lok Sabha and Rajya Sabha only
2. Lok Sabha and Rajya Sabha and Planning Commission
3. The President of India, Lok Sabha and Rajya Sabha
4. The Cabinet Secretariat, Lok Sabha and Rajya Sabha

The Judges of a High Court of a State in India are appointed by

• Judiciary

The Judges of a High Court of a State in India are appointed by

1. The President of India
2. The Chief Justice of India
3. The Governor of the State
4. The Law Commission

Panchayati Raj System: Which of the statements are correct

• Local Govt

Consider the following statements:

• 1. The Panchayati Raj is a four-tier system of administration
• 2. Under the Panchayati Raj System, Panchayat Samiti is the first-tier of administration

Which of the above statements is/are correct

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

Which of the following are the Constitutional Bodies in India

• Constitution

Which of the following is/are the Constitutional Bodies in India: 

• 1. Central Information Commission
• 2. Election Commission
• 3. Reserve Bank of India
• 4. University Grants Commission

Select the correct answer using the code given below

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

Which of the following are the subjects in the Concurrent List under the Seventh Schedule

• Constitution

Which of the following are the subjects in the Concurrent List under the Seventh Schedule of the Constitution of India:

• 1. Citizenship
• 2. Economic and Social Planning
• 3. Trade Unions; Industrial and Labour Disputes

Select the correct answer using the code given below

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

The Legislative Council of a State in India can be larger in size

• Executive

Consider the following statements:

1. The Legislative Council of a State in India can be larger in size than half of the Legislative Assembly of that particular State.
2. The Governor of a State nominates the Chairman of Legislative Council of that particular State.

Which of the statements given above is /are correct?

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

The ideal of 'Welfare State' in the Indian Constitution is enshrined in its

• Constitution

The ideal of 'Welfare State' in the Indian Constitution is enshrined in its

1. Preamble 
2. Directive Principles of State Policy
3. Fundamental Rights 
4. Seventh Schedule

There is a Parliamentary System of Government in India because the

• Legislature

There is a Parliamentary System of Government in India because the

1. Lok Sabha is elected directly by the people 
2. Parliament can amend the Constitution 
3. Rajya Sabha cannot be dissolved
4. Council of Ministers is responsible to the Lok Sabha