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GK English Polity Prepare Q&A Page: 2
14711.The office of the prime minister of India
has a constitutional basis
has a statutory basis
has conventional basis
None of the above
15076.Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
  1. interest payments
  2. subsidies
  3. defence
  4. irrigation
I, II
I
I, II, III
II, III, IV
15131.Short-term finance is usually for a period ranging up to
5 months
10 months
12 months
15 months
15104.Since the inception of the co-operative movement, rural credits has been
institutionalized
rationalized
cheapened
All of the above
15142.Which of the following is not a part of machinery that settles industrial disputes?
Wage Court
Works Committee
Conciliation officers
Board of Conciliation
14726.The oath of office is administered to the Governor by the
chief justice of India
president
chief justice of high court
speaker of legislative assembly
15097.In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines
to govern entry of new private sector banks to make the banking sector more competitive
to reduce the freedom given to banks to rationalize their existing branch network
to setup more foreign exchange banks
to lend more easily for industrial development
15140.In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
14753.The oath of office is conducted to the president by
the speaker of Lok Sabha
the chief justice of India
the vice-president of India
None of the above
15137.Devaluation of currency leads to
fall in domestic prices
increase in domestic prices
no impact on domestic prices
erratic fluctuations in domestic prices
15084.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
15136.The ARDC is now a branch of the
RBI
NABARD
IDBI
SDBI
15128.Which of the following is not an undertaking under the administrative control of Ministry of Railways?
Container Corporation of India Limited
Konkan Railway Corporation Limited
Indian Railways Construction Company Limited
Diesel Locomotive Works, Varanasi
14736.The president can be impeached for
violating the constitution
disregarding Parliament
for not taking the prime ministers advice
All of the above
14741.The members of the standing committee are taken from the Lok Sabha and Rajya Sabha in the ratio of
two and one respectively
three and one respectively
four and one respectively
equal members for both the Houses
15075.In the second nationalization of commercial banks, ___ banks were nationalized.
4
5
6
8
15069.The central banking functions in India are performed by the
  1. Central Bank of India
  2. Reserve Bank of India
  3. State Bank of India
  4. Punjab National Bank
I, II
II
I
II, III
14708.The office of the president can fall vacant due to
resignation
death
removal
All of the above
15081.The association of the rupee with pound sterling as the intervention currency was broken in
1990
1991
1992
1993
15078.Deficit financing leads to inflation in general, but it can be checked if
government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
only aggregate demand is increased
all the expenditure is denoted national debt payment only
All of the above
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