Daily Updates Mock Test 24

50 Questions | Total Attempts: 189

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Daily Updates Mock Test 24

MOCK TEST 24 SYLLABUS : ECONOMY , POLITY TIME : 25 MINUTES FULL MARKS : 50*5 =250 EACH QUESTION CARRIES 5 MARKS , - VE MARKING = -1/ WRONG ANSWER আজকের মোক টেস্ট নেওয়া হবে রাত 9. 30 PM থেকে , এই মোক টেস্ট দেওয়া যাবে কাল সকাল ৭ টা পর্যন্ত OUR FACEBOOK GROUP : DAILY UPDATES ( https://www. Facebook. Com/groups/1804599589763711/) OUR FACEBOOK PAGE : STUDY MATERIALS FOR ALL ( https://www. Facebook. Com/Studymaterialsforall2017/ ) OUR TELEGRAM CHANNEL LINK : STUDY MATERIALS FOR ALL ( https://t. Me/studymaterials4all ) WBCS MAINS GUI


Questions and Answers
  • 1. 
    How many banks were nationalized in 1969?
    • A. 

      16

    • B. 

      14

    • C. 

      15

    • D. 

      20

  • 2. 
    In India, the first bank of limited liability manages by Indians and founded in 1881 wa
    • A. 

      Hindustan Commercial Bank

    • B. 

      Oudh Commercial Bank

    • C. 

      Punjab National Bank

    • D. 

      Punjab and Sind Bank

  • 3. 
    In India, inflation measured by the
    • A. 

      Wholesale Price Index number

    • B. 

      Consumers Price Index for urban non-manual workers

    • C. 

      Consumers Price Index for agricultural workers

    • D. 

      National Income Deflation

  • 4. 
    The annual yield from which of the following Union Government taxes is the highest?
    • A. 

      Custom duties

    • B. 

      Corporation tax and income tax

    • C. 

      Inheritance tax, wealth tax, interest tax and gift tax

    • D. 

      Excise duties

  • 5. 
    The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
    • A. 

      15 to 20 percent

    • B. 

      20 to 25 percent

    • C. 

      25 to 30 percent

    • D. 

      30 to 35 percent

  • 6. 
    Subsidies mean
    • A. 

      Payment by government for purchase of goods and services

    • B. 

      Payment made by business enterprises to factors of production

    • C. 

      Payment made by companies to shareholders

    • D. 

      Payment made by the government to business enterprises, without buying any goods and services

  • 7. 
    National expenditure includes
    • A. 

      Consumption expenditure

    • B. 

      Investment expenditure

    • C. 

      Government expenditure

    • D. 

      All of the above

  • 8. 
    Resurgent India Bonds were issued in US dollar, Pound Sterling and
    • A. 

      Japanese Yen

    • B. 

      Deutsche Mark

    • C. 

      Euro

    • D. 

      French Franc

  • 9. 
    The apex body for formulating plans and coordinating research work in agriculture and allied fields is
    • A. 

      State Trading Corporation

    • B. 

      Regional Rural Banks

    • C. 

      National Bank for Agriculture and Rural Development (NABARD)

    • D. 

      Indian Council of Agricultural Research

  • 10. 
    Which of the following is not an undertaking under the administrative control of Ministry of Railways?
    • A. 

      Container Corporation of India Limited

    • B. 

      Konkan Railway Corporation Limited

    • C. 

      Indian Railways Construction Company Limited

    • D. 

      Diesel Locomotive Works, Varanasi

  • 11. 
    If the RBI adopts an expansionist open market operations policy, this means that it will
    • A. 

      Buy securities from non-government holders

    • B. 

      Sell securities in the open market

    • C. 

      Offer commercial banks more credit in the open market

    • D. 

      Openly announce to the market that it intends to expand credit

  • 12. 
    Redistribution polices geared to reduce economic inequalities include
    • A. 

      Progressive tax policies

    • B. 

      Land reforms

    • C. 

      Rural development policies

    • D. 

      All the above

  • 13. 
    Short-term finance is usually for a period ranging up to
    • A. 

      5 months

    • B. 

      10 months

    • C. 

      12 months

    • D. 

      15 months

  • 14. 
    In India, which one among the following formulates the fiscal policy?
    • A. 

      Planning Commission

    • B. 

      Ministry of Finance

    • C. 

      Finance Commission

    • D. 

      The Reserve Bank of India

  • 15. 
    The budget deficit means
    • A. 

      The excess of total expenditure, including loans, net of lending over revenue receipts

    • B. 

      Difference between revenue receipts and revenue expenditure

    • C. 

      Difference between all receipts and all the expenditure

    • D. 

      Fiscal deficit less interest payments

  • 16. 
    In utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?
    • A. 

      Rs 1000

    • B. 

      Rs 500

    • C. 

      Rs 400

    • D. 

      Rs 300

  • 17. 
    Paper currency first started in India in
    • A. 

      1861

    • B. 

      1542

    • C. 

      1601

    • D. 

      1880

  • 18. 
    The ARDC is now a branch of the
    • A. 

      RBI

    • B. 

      NABARD

    • C. 

      IDBI

    • D. 

      SDBI

  • 19. 
    Devaluation of currency leads to
    • A. 

      Fall in domestic prices

    • B. 

      Increase in domestic prices

    • C. 

      No impact on domestic prices

    • D. 

      Erratic fluctuations in domestic prices

  • 20. 
    Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to
    • A. 

      ARDC

    • B. 

      SBI

    • C. 

      NABARD

    • D. 

      PACs

  • 21. 
    Deficit financing implies
    • A. 

      Printing new currency notes

    • B. 

      Replacing new currency with worn out currency

    • C. 

      Public expenditure in excess of public revenue

    • D. 

      Public revenue in excess of public expenditure

  • 22. 
    In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
    • A. 

      Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level

    • B. 

      Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level

    • C. 

      Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level

    • D. 

      Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level

  • 23. 
    Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to
    • A. 

      80 percent

    • B. 

      83 percent

    • C. 

      90 percent

    • D. 

      100 percent

  • 24. 
    Which of the following is not a part of machinery that settles industrial disputes?
    • A. 

      Wage Court

    • B. 

      Works Committee

    • C. 

      Conciliation officers

    • D. 

      Board of Conciliation

  • 25. 
    Legislature of the Union which is called ‘Parliament’ consists of :
    • A. 

      Rajya Sabha

    • B. 

      Lok Sabha

    • C. 

      Rajya Sabha and Lok Sabha

    • D. 

      President, Rajya Sabha and Lok Sabha