Easy Tutorial
For Competitive Exams
GK English Polity Prepare Q&A Page: 4
15139.Deficit financing implies
printing new currency notes
replacing new currency with worn out currency
public expenditure in excess of public revenue
public revenue in excess of public expenditure
14694.The minimum age to qualify for election to the Lok Sabha is
25 years
21 years
18 years
35 years
14754.The members of the state legislative assemblies are elected for a period of
2 years
6 years
5 years
3 years
15101.The condition of indirect taxes in the countrys revenue is approximately
70 percent
75 percent
80 percent
86 percent
15106.The co-operative credit societies have a
two-tier structure
three-tier structure
four-tier structure
five-tier structure
14706.The position of a chief minister is
similar to that of the prime minister
identical to that of the president
a combination of the position of the prime minister and president
not constitutional
14721.The position of the president which was undermined by the 42nd amendment was sub-sequently somewhat retrieved by the
44th amendment
45th amendment
26th amendment
None of the above
14747.The Muslim League as a political party was founded in
1906
1909
1915
1919
15110.Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
1000 rupee
500 rupee
100 rupee
All of the above
15090.In the state of India, the State Financial Corporation have given assistance mainly to develop
agricultural farms
cottage industry
large-scale industries
medium and small-scale industries
15093.States earn maximum revenue through
land revenue
custom revenue
commercial taxes
excise duties on intoxicants
15129.If the RBI adopts an expansionist open market operations policy, this means that it will
buy securities from non-government holders
sell securities in the open market
offer commercial banks more credit in the open market
openly announce to the market that it intends to expand credit
15082.On which one of the followings is the benefits received principle of taxation to achieve optimality bases?
Marginal benefit received
Total benefit received
Average benefit received
Ability to pay for the benefit
15092.The first wholly Indian Bank was set up in
1794
1894
1896
1902
15141.Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to
80 percent
83 percent
90 percent
100 percent
14697.The minimum age of the voter in India is
15 years
18 years
21 years
25 years
14758.The members of the State Public Service Commission are appointed by the
chief minister
chief justice
governor
vice-president
15099.Non Tax revenues can be increased by improving the working of the
State Road Transport Corporations
electricity boards
commercial irrigation projects
All of the above
15109.The current price index (base 1960) is nearly 330. This means that
all items cost 3-3 times more than what they did in 1960
the prices of certain selected items have gone up to 3-3 times
weighted means of prices of certain item has increased 3-3 times
gold price has gone up 3-3 times
15133.The budget deficit means
the excess of total expenditure, including loans, net of lending over revenue receipts
difference between revenue receipts and revenue expenditure
difference between all receipts and all the expenditure
fiscal deficit less interest payments
Share with Friends