Daily Updates Mock Test 20
MOCK TEST 20
SYLLABUS : ECONOMY , POLITY
TIME : 30 MINUTES FULL MARKS : 50*5 =250
EACH QUESTION CARRIES 5 MARKS, - VE MARKING = - 1 / EACH WRONG ANSWER
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- 1.
Who is authorized to transfer the judges of one High Court to another High Court?
- A.
The president,
- B.
The Chief Justice of India,
- C.
A collegium of judges of the Supreme Court,
- D.
The Law Minister
Correct Answer
A. The president, -
- 2.
The Judges of the High Court hold office
- A.
During the pleasure of the chief Justice of India,
- B.
till they have attained 62 years of age,
- C.
Till they have attained 65 years of age,
- D.
As long as they desire
Correct Answer
B. till they have attained 62 years of age, -
- 3.
The Chief Justice of a high Court is appointed by
- A.
President
- B.
Governor,
- C.
Chief Justice Of India,
- D.
President on the advice of Governor of the State concerned and the chief justice of India
Correct Answer
D. President on the advice of Governor of the State concerned and the chief justice of India -
- 4.
Which of the following States/Union Territories have a common High Court?
- A.
Uttar Pradesh and Bihar,
- B.
Punjab, Haryana and Chandigarh,
- C.
Punjab and Jammu and Kashmir,
- D.
Assam and Bengal
Correct Answer
B. Punjab, Haryana and Chandigarh, -
- 5.
In which year was High Court in Madras established?
- A.
1862,
- B.
1871,
- C.
1881
- D.
1891
Correct Answer
A. 1862, -
- 6.
A High Court judge addresses his letter of resignation to:
- A.
The President,
- B.
The chief Justice of India,
- C.
The chief justice of his High Court,
- D.
The Governor of the state
Correct Answer
A. The President, -
- 7.
Which of the following High Courts has the largest numbers of Benches?
- A.
Kolkata High Court,
- B.
Madhya Pradesh High Court,
- C.
Bombay high court,
- D.
Guwahati High Court
Correct Answer
D. Guwahati High Court -
- 8.
Which one of the following is NOT the main jurisdiction of the high court of a state?
- A.
Advisory Jurisdiction,
- B.
Original Jurisdiction,
- C.
Supervisory Jurisdiction,
- D.
Appellate Jurisdiction
Correct Answer
A. Advisory Jurisdiction, -
- 9.
The first High/Superme Court Judge who voluntarily made public his assets, is
- A.
Justice D.V. Shyalendra Kumar,
- B.
Justice K. Chandra,
- C.
Justice K. Kannan,
- D.
Justice V.C. Srivastava
Correct Answer
C. Justice K. Kannan, -
- 10.
In Indian Constitution, Article 370 is related with which?
- A.
Jammu and Kashmir State,
- B.
Reservation of Scheduled castes and Scheduled Tribes,
- C.
Punjab and Haryana States,
- D.
Karnataka and Tamil Nadu States
Correct Answer
A. Jammu and Kashmir State, -
- 11.
Which one of the following states/Union territory sends only one representative to the Rajya Sabha?
- A.
Pondicherry
- B.
Arunachal Pradesh
- C.
Mizoram
- D.
all the above
Correct Answer
D. all the above -
- 12.
Which one of the following writs is issued to courts, corporation or a person directing them to perform their public duty?
- A.
Habeas Corpus
- B.
Quo Warranto
- C.
Mandamus
- D.
Prohibition
Correct Answer
C. Mandamus -
- 13.
Which one of the following statements is correct?
- A.
India has adopted rule of law on the pattern of Britain
- B.
India has adopted rule of law on the pattern of U.S.A.
- C.
India has adopted rule of law from Britian with certain modifications
- D.
None of the above
Correct Answer
C. India has adopted rule of law from Britian with certain modifications -
- 14.
Which one of the following does not fall within the executive powers of the Governor?
- A.
He makes all the major appointments of the State
- B.
He allocates portfolios among the various members of the Council of Ministers
- C.
He has a right to be kept informed about all the decisions taken by the Council of Ministers
- D.
He can dismiss the judges of the State High Court
Correct Answer
D. He can dismiss the judges of the State High Court -
- 15.
The Legislative Council can delay the enactment of a money bill for a maximum period of :
- A.
Fourteen days
- B.
One month
- C.
Three months
- D.
None of the above
Correct Answer
A. Fourteen days -
- 16.
Which one of the following has been wrongly listed as a feature of Parliamentary Government in India?
- A.
President stands outside the Council of Ministers
- B.
There is separation of Legislature and Executive
- C.
The leadership of the Prime Minister
- D.
collective Responsibility of the Council of Ministers
Correct Answer
B. There is separation of Legislature and Executive -
- 17.
In addition to the representatives of the states the Rajya Sabha has :
- A.
ten nominated members
- B.
12 nominated members
- C.
Five nominated members
- D.
No nominated members
Correct Answer
B. 12 nominated members -
- 18.
The Constitution grants Cultural and Educational Rights with a view to :
- A.
Evolve a common national culture
- B.
Eradicate illiteracy from the country
- C.
To help the minorities conserve their culture
- D.
none of the above
Correct Answer
B. Eradicate illiteracy from the country -
- 19.
Which one of the following executive functions of the Council of Ministers of a State has been wrongly listed?
- A.
It runs the administration of the State in accordance with the provisions of the Constitution
- B.
it brings about necessary cohesion in the policy of the various ministries
- C.
It formulates the policy of the State Government and gives it practical shape
- D.
It assists the President in the administration of the State during the President's Rule in the State
Correct Answer
D. It assists the President in the administration of the State during the President's Rule in the State -
- 20.
The State which has the largest number of seats in the Rajya Sabha is
- A.
Andhra Pradesh
- B.
Uttar Pradesh
- C.
Madhya Pradesh
- D.
Bihar
Correct Answer
B. Uttar Pradesh -
- 21.
The Central Government gives grants-in-aid to the states out of the Consolidated Fund of India on the basis of the recommendations of -
- A.
The Planning Commission
- B.
The Union Finance Minister
- C.
The Finance Commission
- D.
None of the above
Correct Answer
C. The Finance Commission -
- 22.
Which one of the following has been wrongly listed as a Union Territory?
- A.
Chandigarh
- B.
Pondicherry
- C.
Tripura
- D.
None of these
Correct Answer
C. Tripura -
- 23.
The Proclamation of National Emergency ceases to operate unless approved by the Parliament within -
- A.
One month
- B.
Two months
- C.
Three months
- D.
Six months
Correct Answer
A. One month -
- 24.
A national emergency remains in operation, with the approval of the Parliament, for -
- A.
A maximum period of three years
- B.
A maximum period of one year
- C.
A maximum period of six months
- D.
An indefinite period
Correct Answer
C. A maximum period of six months -
- 25.
.Who was the Defence Minister of India during the Indo China War of 1962?
- A.
R.N. Thapar
- B.
V.K. Krishna Menon
- C.
Govind Ballabh Pant
- D.
Jagjivan Ram
Correct Answer
B. V.K. Krishna Menon -
- 26.
The first indigenous bank which came into existence in 1894 was
- A.
Central Bank of India
- B.
Punjab National Bank
- C.
Reserve Bank of India
- D.
Imperial Bank of India
Correct Answer
B. Punjab National Bank -
- 27.
The Export Import (EXIM) Bank was set up in
- A.
1980
- B.
1982
- C.
1981
- D.
1989
Correct Answer
B. 1982 -
- 28.
The National Bank of Agriculture & Rural Development (NABARD) was set up in
- A.
1979
- B.
1980
- C.
1981
- D.
1982
Correct Answer
D. 1982 -
- 29.
Gilt-edged market means
- A.
Bullion market
- B.
Market of government securities
- C.
Market of guns
- D.
Market of pure metals
Correct Answer
B. Market of government securities -
- 30.
Devaluation of a currency means
- A.
Reduction in the value of a currency vis-a-vis major internationally traded currencies
- B.
Permitting the currency to seek its worth in the international market
- C.
Fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
- D.
Fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
Correct Answer
A. Reduction in the value of a currency vis-a-vis major internationally traded currencies -
- 31.
India changed over to the decimal system of coinage in
- A.
April 1995
- B.
April 1957
- C.
April 1958
- D.
April 1959
Correct Answer
B. April 1957 -
- 32.
.Gross domestic capital formation is defined as
- A.
Flow of expenditure devoted to increased or maintaining of the capital stock
- B.
Expenditure incurred on physical assets only
- C.
Production exceeding demand
- D.
Net addition to stock after depreciation
Correct Answer
D. Net addition to stock after depreciation -
- 33.
Which of the following items would not appear in a company's balance sheet?
- A.
Value of stocks of raw materials held
- B.
Total issued capital
- C.
Revenue from sales of the company's products
- D.
Cash held at the bank
Correct Answer
C. Revenue from sales of the company's products -
- 34.
The first wholly Indian Bank was set up in
- A.
1794
- B.
1894
- C.
1896
- D.
1902
Correct Answer
B. 1894 -
- 35.
States earn maximum revenue through
- A.
Land revenue
- B.
Custom revenue
- C.
Commercial taxes
- D.
Excise duties on intoxicants
Correct Answer
C. Commercial taxes -
- 36.
Tobin tax is related with?
- A.
International financial transactions
- B.
Commodity transactions
- C.
Service transactions
- D.
None of the above
Correct Answer
A. International financial transactions -
- 37.
A metropolitan city is one which has a population size of more than?
- A.
10 lakh
- B.
15 lakh
- C.
20 lakh
- D.
25 lakh
Correct Answer
A. 10 lakh -
- 38.
Under perfect competition, the entrepreneur‟s power of control over the price of the commodity Is?
- A.
Total
- B.
Considerable
- C.
Some
- D.
None
Correct Answer
D. None -
- 39.
The National Institute of Training for Standardization (NITS) is located at?
- A.
Hyderabad
- B.
Nagpur
- C.
Chandigarh
- D.
Noida
Correct Answer
D. Noida -
- 40.
NABARD is a?
- A.
Commercial Bank
- B.
Lead Bank
- C.
Refinance Bank
- D.
Cooperative Bank
Correct Answer
C. Refinance Bank -
- 41.
Which one of the following is not a feature of Stagflation?
- A.
High input cost
- B.
Excess in aggregate demand
- C.
High price level
- D.
High unemployment level
Correct Answer
B. Excess in aggregate demand -
- 42.
Which of the following is not a „shift factor of demand‟?
- A.
Income
- B.
Price
- C.
Taste
- D.
All of the above
Correct Answer
D. All of the above -
- 43.
India‟s first port-based Special Economic Zone named Inter national Container Transshipment Terminal (ICTI) is being set-up at?
- A.
Kandla
- B.
Kochi
- C.
Goa
- D.
Tuticorin
Correct Answer
B. Kochi -
- 44.
Which of the following is not an item of transfer payment?
- A.
Pension
- B.
Scholarship
- C.
Dividend
- D.
Subsidy
Correct Answer
C. Dividend -
- 45.
The concept of disinvestment was introduced by?
- A.
Friedman
- B.
Kaldor
- C.
Keynes
- D.
Myrdal
Correct Answer
C. Keynes -
- 46.
When we talk of smart money what are we referring to?
- A.
Internet banking
- B.
FDRs in banks
- C.
Credit cards
- D.
Demand drafts of banks
Correct Answer
C. Credit cards -
- 47.
RTGS stands for............?
- A.
Real Time Gross Settlements
- B.
Reduced Time Gross Settlements
- C.
Relative Time Gross Settlements
- D.
Real Total Gross Securities
Correct Answer
A. Real Time Gross Settlements -
- 48.
Many times we read about ‘Hawala’ transactions in newspapers. Hawala, in India, is prohibited under the provision of which of the following Acts?
- A.
Fiscal Responsibility and Budget Management Act
- B.
Banking Regulation Act
- C.
Financial Action Task Force Act
- D.
Foreign Exchange Management Act
Correct Answer
D. Foreign Exchange Management Act -
- 49.
The difference between visible exports and visible imports is defined as.........?
- A.
Balance of trade
- B.
Balance of payments
- C.
Balanced terms of trade
- D.
Gains from trade
Correct Answer
A. Balance of trade -
- 50.
In which year was World Bank formed?
- A.
1945
- B.
1946
- C.
1960
- D.
1988
Correct Answer
A. 1945 -
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