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You Are On Multi Choice Question Bank SET 2100
105001. Excise duty is a tax levied on?
(A): import of goods (B): export of goods (C): production of goods (D): sales of goods
105002. The tax paid by every individual is?
(A): an indirect tax (B): a direct tax (C): a progressive tax (D): none of these
105003. The commodity for which India spends the largest amount to' import is?
(A): iron and steel (B): foodgrains (C): crude petroleum (D): fertilisers
105004. Which of the following commodities earns maximum foreign exchange for India?
(A): jute (B): iron and steel (C): tea (D): sugar
105005. The one rupee note bears the signature of?
(A): Secretary;Ministry of Finante (B): Governor; Reserve Bank of India (C): Finance Minister (D): None of these
105006. An ad-valorem duty is a tax basis of?
(A): The price of the commodity (B): The value added (C): The advertisement expenses (D): The unit of the commodity
105007. Which committee was constituted for reforms in Tax Structure?
(A): Narasimhan Committee (B): Chelliah Committee (C): Gadgil Committee (D): Y.VReddy Committee
105008. What, is the effect of deficit financing on economy?
(A): inflation (B): deflation (C): depression (D): recession
105009. Which of the following best defines free trade?
(A): imports are discouraged (B): there are no restriction on exports and imports (C): there are no duties levied on export (D): imported goods are made duty free
105010. Which of the following factors contribute to inflation?
(A): 20% increase in prices of agricultural commodities (B): 20% increase in money supply (C): 20% fall in the production of industrial products (D): none of the above
105011. The largest expenditure being incurred from combined revenue expenditure of Centre, States and Union Territories is on?
(A): health. (B): education (C): interest payments (D): defence services
105012. The "Kelkar Committee" was formed to recommend the guidelines related to?
(A): Direct and indirect taxes (B): Cross.- border terrorism (C): Educational reforms (D): Financial reforms
105013. Who among the following was the first to estimate the country's Per Capita National Income during the British Rule for the year 1888?
(A): PLJawahar Lal Nehru ' (B): Prof. P.C.Mahalanobis (C): Dadabhai Naoroji (D): None of these
105014. The rupee coin was first minted in India in?
(A): 1542 (B): 1601 (C): 1809 (D): 1677
105015. The Export Import (EXIM) Bank was set up in the year?
(A): 1980 (B): 1982 (C): 1981 (D): 1989
105016. What is a Scheduled Bank?
(A): Abank having a deposit of Rs.100 crore (B): Abank included in the second schedule of Reserve Bank of India (C): Abank with more than 50 branches (D): None of these
105017. The institution of regional rural banks came into existence in?
(A): 1951 (B): 1970 (C): 1975 (D): 1978
105018. In which year was the first bank in India established?
(A): 1820 (B): 1810 (C): 1806 (D): 1800
105019. Who was the first Indian Governor of the Reserve Bank of India?
(A): C.D. Deshmukh (B): Sachindra Ray (C): S. Mukherjee (D): None of these
105020. Dunkel agreement provide that?
(A): henceforth international trade would not be regulated by any international body (B): henceforth international trade would be regulated by a body of advanced industrialised countries (C): existing General Agreement on Trade and Tariffs would be replaced by a new body called World Trade Organisation. (D): existing CeneralAgreemenr on Trade and Tariffs would continue in a modified form
105021. The first indigenous bank which came into existence in1894was?
(A): Central Bank ofIndia (B): Punjab National Bank (C): Reserve Bank of India (D): Imperial Bank of India
105022. Which among the following banks cannot advance loans against immovable property nor charge interest on deposits?
(A): ; Reserve Bank of India (B): State Bank ofIndia (C): Non-scheduled banks (D): None of these
105023. Which is the largest bank of India which is also among the 100 top most banks of the world?
(A): Reserve Bank of India (B): State Bank of India (C): Punjab National Bank (D): Central Bank of India
105024. Which one of the following comes under the jurisdiction of both the High Court and the Supreme Court?
(A): Disputes between the Centre and the States (B): Disputes between the States inter se (C): Protection ofthe Fundamental Rights (D): Protection against the violation of the Constitution
105025. Which one of the following determines that the Indian Constitution is federal?
(A): A written and rigid Constitution (B): An independent Judiciary (C): Vesting of residuary powers with the Centre (D): Distribution of powers between the Centre and the States
105026. The parliamentary systems of India and of Britain differ on the account of?
(A): bicameral legislature (B): system of collective responsibility (C): the system ofjudicia I review (D): the Prime Minister is separately elected by people
105027. Titular sovereign means?
(A): a person who enjoys absolute powers and is not accountable to anyone (B): A person who is vested with all sovereign powers by the Constitution but whose powers are enjoyed by someone else (C): A person who enjoys all the powers vested in him by the Constitution (D): Asovereign elected by the Parliament
105028. The basic structure theory of the Constitution of India implies that?
(A): certain' features of the Constitution are so essential to it that' they cannot be abrogated (B): Fundamental Rights cannot be abridged or taken away (C): the Constitution. cannot be amended except III accordance with the procedure prescribed In Act 368 (D): The Preamble of the Constitution cannot be amended for it is not a part of the Constitution and at the same time represents its real spirit
105029. A secular State is one which?
(A): is irreligious (B): is anti-religious (C): is pro-religious (D): has no religion of its own
105030. Prohibition of discrimination on grounds of religion, etc, Article 15 of the Constitution of India is a Fundamental Right classifiable under?
(A): the right to Freedom of Religion (B): the Right against exploitation (C): the Cultural and Educational Rights (D): the right to Equality
105031. Which one of the following countries has more or less evolved a two-party system?
(A): Sri Lanka (B): Bangladesh (C): Pakistan (D): Myanmar
105032. If the Prime Minister of India belonged to the Upper House of Parliament?
(A): he will not be able to vote in his favour in the event of a no confidence motion. (B): he will not be able to speak on the budget in the Low Ho·use. (C): he can make statements only in the Upper House; (D): he has to become a member of the Lower House within six months after being sworn in as the Prime Minister.
105033. Proportional representation is not necessary in a country where?
(A): there are no reserved constituencies (B): two-party system has developed (C): the first-past-post system prevails (D): there is a fusion of-Presidential and Parliamentary forms of government
105034. Which article empowers .the President to dissolve the Lok Sabha at any time before its tenure?
(A): Article 75 (B): Article 95 (C): Article 85 (D): Article 65
105035. State Governors hold office?
(A): During good behaviour (B): During the pleasure of Chief Minister (C): During the pleasure of the President (D): For a fixed and unalterable term
105036. The lower voting age in India is?
(A): 18 years (B): 21 years (C): 24 years (D): 27 years
105037. The Preamble of our Constitution envisages?
(A): Theoratic state (B): Sovereign; democratic; secular and socialistic republic (C): Secular democracy (D): Monarchy
105038. The maximum period the Rajya Sabha can retain a Money Bill?
(A): one month (B): six months (C): fourteen days (D): one week
105039. The writ 'prohibition' ensures?
(A): issuing directions by a higher court to lower court (B): that no person remains in jail without any cause (C): issuing direction by Supreme Court or High Courts to anybody to do some particular thing. (D): stopping proceedings in a lower court on the' ground of excess ofjurisdiction
105040. Who among the following enjoys the rank of a Cabinet Minister in the Union Cabinet?
(A): Secretary to the Government of India (B): Deputy Chairman ofthe Planning Commission (C): Principal Secretary to the Prime Minister (D): Supreme Court Judge
105041. Parliament can legislate on matters listed in the State list?
(A): With the prior permission of the President (B): Only after the Constitution is amendedsuitably (C): In classof inconsistencyamong State legislations (D): At the request of two or more States
105042. The Rajya Sabha's life is?
(A): 6 years (B): 2 years (C): permanent (D): 7 years
105043. To keep the President's Rule in force in a State it must be extended?
(A): every year (B): every six months (C): every three months (D): None of.these.
105044. Who can participate the business of Parliament without being a member?
(A): Vice-President (B): Solicitor General (C): Attorney General- (D): Chief Justice
105045. The writ' certiorari' ensures?
(A): issuing directions by a higher court to lower court (B): issuing direction by Supreme Court 'or High Courtsto inferior court to remove a suitand adjudicate upon the validity of the proceedings. (C): that no person remains in jail without any cause (D): stopping proceedings in a lower court on the ground of excess ofjurisdiction.
105046. .The maximum period emergency may be in force continuously in a State is?
(A): six months (B): ' three months (C): three years (D): 6 years
105047. In an election, electioneering has to cease in a 'constituency?
(A): 2 days before the poll (B): 48 hours before the commencement of polling (C): 48 hours before the closing hour of polling (D): 24 hours before the poll
105048. The Supreme Commander of the Armed Forces is?
(A): Field Marshall (B): Chief of the Army Staff (C): The President (D): Prime Minister
105049. Who enjoys the legislative powers?
(A): President (B): Prime Minister (C): Council of Ministers (D): Parliament
105050. The amendment regarding the procedure of the election of the President must be passed by?
(A): Both the Houses (B): OnlyLok Sabha (C): Only Rajya Sabha (D): Both the Houses and by not less than half of the State Legislatures
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