DAILY UPDATES MOCK TEST 20

1. The first wholly Indian Bank was set up in

1794

1894

1896

1902

2. Which one of the following has been wrongly listed as a Union Territory?

Chandigarh

Pondicherry

Tripura

None of these

3. A national emergency remains in operation, with the approval of the Parliament, for -

A maximum period of three years

A maximum period of one year

A maximum period of six months

An indefinite period

4. .Who was the Defence Minister of India during the Indo China War of 1962?

R.N. Thapar

V.K. Krishna Menon

Govind Ballabh Pant

Jagjivan Ram

5. Who is authorized to transfer the judges of one High Court to another High Court?

The president,

The Chief Justice of India,

A collegium of judges of the Supreme Court,

The Law Minister

6. The Export Import (EXIM) Bank was set up in

1980

1982

1981

1989

7. The National Bank of Agriculture & Rural Development (NABARD) was set up in

1979

1980

1981

1982

8. Gilt-edged market means

Bullion market

Market of government securities

Market of guns

Market of pure metals

9. Devaluation of a currency means

Reduction in the value of a currency vis-a-vis major internationally traded currencies

Permitting the currency to seek its worth in the international market

Fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies

Fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners

10. India changed over to the decimal system of coinage in

April 1995

April 1957

April 1958

April 1959

11. The first indigenous bank which came into existence in 1894 was

Central Bank of India

Punjab National Bank

Reserve Bank of India

Imperial Bank of India

12. States earn maximum revenue through

Land revenue

Custom revenue

Commercial taxes

Excise duties on intoxicants

13. Tobin tax is related with?

International financial transactions

Commodity transactions

Service transactions

None of the above

14. A metropolitan city is one which has a population size of more than?

10 lakh

15 lakh

20 lakh

25 lakh

15. Which of the following is not a „shift factor of demand‟?

Income

Price

Taste

All of the above

16. The concept of disinvestment was introduced by?

Friedman

Kaldor

Keynes

Myrdal

17. When we talk of smart money what are we referring to?

Internet banking

FDRs in banks

Credit cards

Demand drafts of banks

18. RTGS stands for............?

Real Time Gross Settlements

Reduced Time Gross Settlements

Relative Time Gross Settlements

Real Total Gross Securities

19. Many times we read about 'Hawala' transactions in newspapers. Hawala, in India, is prohibited under the provision of which of the following Acts?

Fiscal Responsibility and Budget Management Act

Banking Regulation Act

Financial Action Task Force Act

Foreign Exchange Management Act

20. In which year was World Bank formed?

1945

1946

1960

1988

21. The first High/Superme Court Judge who voluntarily made public his assets, is

Justice D.V. Shyalendra Kumar,

Justice K. Chandra,

Justice K. Kannan,

Justice V.C. Srivastava

22. The Judges of the High Court hold office

During the pleasure of the chief Justice of India,

Till they have attained 62 years of age,

Till they have attained 65 years of age,

As long as they desire

23. The Chief Justice of a high Court is appointed by

President

Governor,

Chief Justice Of India,

President on the advice of Governor of the State concerned and the chief justice of India

24. Which of the following States/Union Territories have a common High Court?

Uttar Pradesh and Bihar,

Punjab, Haryana and Chandigarh,

Punjab and Jammu and Kashmir,

Assam and Bengal

25. In which year was High Court in Madras established?

1862,

1871,

1881

1891

26. A High Court judge addresses his letter of resignation to:

The President,

The chief Justice of India,

The chief justice of his High Court,

The Governor of the state

27. The Central Government gives grants-in-aid to the states out of the Consolidated Fund of India on the basis of the recommendations of -

The Planning Commission

The Union Finance Minister

The Finance Commission

None of the above

28. In Indian Constitution, Article 370 is related with which?

Jammu and Kashmir State,

Reservation of Scheduled castes and Scheduled Tribes,

Punjab and Haryana States,

Karnataka and Tamil Nadu States

29. Which one of the following states/Union territory sends only one representative to the Rajya Sabha?

Pondicherry

Arunachal Pradesh

Mizoram

All the above

30. Which one of the following writs is issued to courts, corporation or a person directing them to perform their public duty?

Habeas Corpus

Quo Warranto

Mandamus

Prohibition

31. The State which has the largest number of seats in the Rajya Sabha is

Andhra Pradesh

Uttar Pradesh

Madhya Pradesh

Bihar

32. The Legislative Council can delay the enactment of a money bill for a maximum period of :

Fourteen days

One month

Three months

None of the above

33. Which one of the following has been wrongly listed as a feature of Parliamentary Government in India?

President stands outside the Council of Ministers

There is separation of Legislature and Executive

The leadership of the Prime Minister

Collective Responsibility of the Council of Ministers

34. Which one of the following executive functions of the Council of Ministers of a State has been wrongly listed?

It runs the administration of the State in accordance with the provisions of the Constitution

It brings about necessary cohesion in the policy of the various ministries

It formulates the policy of the State Government and gives it practical shape

It assists the President in the administration of the State during the President's Rule in the State

35. The Constitution grants Cultural and Educational Rights with a view to :

Evolve a common national culture

Eradicate illiteracy from the country

To help the minorities conserve their culture

None of the above

36. In addition to the representatives of the states the Rajya Sabha has :

Ten nominated members

12 nominated members

Five nominated members

No nominated members

37. Which one of the following statements is correct?

India has adopted rule of law on the pattern of Britain

India has adopted rule of law on the pattern of U.S.A.

India has adopted rule of law from Britian with certain modifications

None of the above

38. Which one of the following is not a feature of Stagflation?

High input cost

Excess in aggregate demand

High price level

High unemployment level

39. The difference between visible exports and visible imports is defined as.........?

Balance of trade

Balance of payments

Balanced terms of trade

Gains from trade

40. The Proclamation of National Emergency ceases to operate unless approved by the Parliament within -

One month

Two months

Three months

Six months

41. Which of the following is not an item of transfer payment?

Pension

Scholarship

Dividend

Subsidy

42. India‟s first port-based Special Economic Zone named Inter national Container Transshipment Terminal (ICTI) is being set-up at?

Kandla

Kochi

Goa

Tuticorin

43. Which of the following High Courts has the largest numbers of Benches?

Kolkata High Court,

Madhya Pradesh High Court,

Bombay high court,

Guwahati High Court

44. NABARD is a?

Commercial Bank

Lead Bank

Refinance Bank

Cooperative Bank

45. The National Institute of Training for Standardization (NITS) is located at?

Hyderabad

Nagpur

Chandigarh

Noida

46. Which one of the following is NOT the main jurisdiction of the high court of a state?

Advisory Jurisdiction,

Original Jurisdiction,

Supervisory Jurisdiction,

Appellate Jurisdiction

47. Which one of the following does not fall within the executive powers of the Governor?

He makes all the major appointments of the State

He allocates portfolios among the various members of the Council of Ministers

He has a right to be kept informed about all the decisions taken by the Council of Ministers

He can dismiss the judges of the State High Court

48. Which of the following items would not appear in a company's balance sheet?

Value of stocks of raw materials held

Total issued capital

Revenue from sales of the company's products

Cash held at the bank

49. .Gross domestic capital formation is defined as

Flow of expenditure devoted to increased or maintaining of the capital stock

Expenditure incurred on physical assets only

Production exceeding demand

Net addition to stock after depreciation

50. Under perfect competition, the entrepreneur‟s power of control over the price of the commodity Is?

Total

Considerable

Some

None

Daily Updates Mock Test 20

1. The first wholly Indian Bank was set up in

2.

What first name or nickname would you like us to use?

2. Which one of the following has been wrongly listed as a Union Territory?

3. A national emergency remains in operation, with the approval of the Parliament, for -

4. .Who was the Defence Minister of India during the Indo China War of 1962?

5. Who is authorized to transfer the judges of one High Court to another High Court?

6. The Export Import (EXIM) Bank was set up in

7. The National Bank of Agriculture & Rural Development (NABARD) was set up in

8. Gilt-edged market means

9. Devaluation of a currency means

10. India changed over to the decimal system of coinage in

11. The first indigenous bank which came into existence in 1894 was

12. States earn maximum revenue through

13. Tobin tax is related with?

14. A metropolitan city is one which has a population size of more than?

15. Which of the following is not a „shift factor of demand‟?

16. The concept of disinvestment was introduced by?

17. When we talk of smart money what are we referring to?

18. RTGS stands for............?

19. Many times we read about 'Hawala' transactions in newspapers. Hawala, in India, is prohibited under the provision of which of the following Acts?

20. In which year was World Bank formed?

21. The first High/Superme Court Judge who voluntarily made public his assets, is

22. The Judges of the High Court hold office

23. The Chief Justice of a high Court is appointed by

24. Which of the following States/Union Territories have a common High Court?

25. In which year was High Court in Madras established?

26. A High Court judge addresses his letter of resignation to:

27. The Central Government gives grants-in-aid to the states out of the Consolidated Fund of India on the basis of the recommendations of -

28. In Indian Constitution, Article 370 is related with which?

29. Which one of the following states/Union territory sends only one representative to the Rajya Sabha?

30. Which one of the following writs is issued to courts, corporation or a person directing them to perform their public duty?

31. The State which has the largest number of seats in the Rajya Sabha is

32. The Legislative Council can delay the enactment of a money bill for a maximum period of :

33. Which one of the following has been wrongly listed as a feature of Parliamentary Government in India?

34. Which one of the following executive functions of the Council of Ministers of a State has been wrongly listed?

35. The Constitution grants Cultural and Educational Rights with a view to :

36. In addition to the representatives of the states the Rajya Sabha has :

37. Which one of the following statements is correct?

38. Which one of the following is not a feature of Stagflation?

39. The difference between visible exports and visible imports is defined as.........?

40. The Proclamation of National Emergency ceases to operate unless approved by the Parliament within -

41. Which of the following is not an item of transfer payment?

42. India‟s first port-based Special Economic Zone named Inter national Container Transshipment Terminal (ICTI) is being set-up at?

43. Which of the following High Courts has the largest numbers of Benches?

44. NABARD is a?

45. The National Institute of Training for Standardization (NITS) is located at?

46. Which one of the following is NOT the main jurisdiction of the high court of a state?

47. Which one of the following does not fall within the executive powers of the Governor?

48. Which of the following items would not appear in a company's balance sheet?

49. .Gross domestic capital formation is defined as

50. Under perfect competition, the entrepreneur‟s power of control over the price of the commodity Is?