General Studies MCQs - 9

TEST -5

1.    The existence of the New Economic Policy has led to creation of many job options for the Indian youth. At the same time, for the urban youth, there is a growth in ___
    (a)    Open Unemployment
    (b)    Structural Unemployment
    (c)    Frictional Unemployment
    (d)    Disguised Unemployment

2.    Preferential Purchase Policy announced in 2011 has given exception to 
    (a)    Defence Procurement
    (b)    Khadi Procurement
    (c)    North East Product Procurement
    (d)    All of the above

3.    India and Japan entered into Currency Swap Agreement in late 2011. Compared to the previous such agreement existing between the two countries it has increased-
    (a)    Two Times    
    (b)    Three Times
    (c)    Four Times
    (d)    Five Times

4.    Russian entry into WTO was for a long time delayed due to various objections of _______
    (a)    USA        (b)    China
    (c)    France         (d)    Georgia


5.    Assertion: Most of the sick industries in India are small scale industries
    Reason: Most of the small scale industries are sick.
    Code:
    (a)    Both (A) and (R) are correct and (R) is the correct explanation of (A)
    (b)    Both (A) and (R) are correct but (R) is not the correct explanation of (A)
    (c)    (A) is correct but (R) is incorrect.
    (d)    (A) is incorrect but (R) is correct

6.    Teesta water is vital for the economy of West Bengal. The river Teesta meets the Brahamputra at Teestamukh located in
    (a)    Sikkim
    (b)    West Bengal
    (c)    Assam
    (d)    Bangladesh

7.    Currency war has heated up globally. It escalated due to
    (a)    US dollar gradually becoming strong
    (b)    Renminbi becoming strong in November 2011.
    (c)    Yen devaluation in October 2011.
    (d)    All of the above

8.    Which of the following statements is not correct
    (a)    India has been working towards capital deepening
    (b)    SEBI has changed IPP norms in 2012
    (c)    India has vast consumer surplus
    (d)    Parallel export is promoted by WTO

9.    Fiscal drag-
    1.    Leads to increase in direct tax revenue of the government.
    2.    Leads to fall in indirect tax revenue of the government
    3.    Leads to increase in money income of persons
    4.    Leads to fall in real income of persons
    Identify the correct options:
    (a)    1 and 2
    (b)    2 and 3
    (c)    2, 3 and 4
    (d)    1, 3 and 4


10.    Relations, between total tax revenue and existing tax rate in illustrated by
    (a)    Gini coefficient
    (b)    Laffer Curve
    (c)    Lorenz Curve
    (d)    All of the above

11.    Excess of consumption expenditure over disposable income is indicative of
    (a)    Excess Saving
    (b)    Dissaving
    (c)    Advance Saving
    (d)    Consumer surplus

12.    When the consumer does not have any special choice and maintains same satisfaction between two products; the curve formed by joining such locus of combination is
    (a)    Satisfaction Curve
    (b)    Choice Curve
    (c)    Bell Curve
    (d)    Indifference Curve

13.    Gender budgeting is in the process of being adopted by many states. It was started in the Union Budget _______ year
    (a)    2002-03     (b)    2005-06
    (c)    2006-07     (d)    2007-08

14.    Which of the following method is used to raise more capital from the existing share holders
    (a)    Private Placement
    (b)    IPO
    (c)    Right Issue
    (d)    FPO


15.    Continuing high rate of fiscal deficit of India is likely to cause which of the following effects.
    1.    Inflation
    2.    Rise in money income of people
    3.    Zero net aid for the country
    4.    Crowding out effect
    Choose the correct option:
    (a)    1 and 2    (b)    1, 2 and 3
    (c)    1, 3 and 4    (d)    1, 2 and 4
16.    Which of the following in wrongly matched
        Act    year
    (a)    Companies Act     - 1956
    (b)    Securities Contract    - 1956
        (Regulation) Act
    (c)    SEBI Act     - 1992
    (d)    Depositories     - 1994

17.    The Central Statistical Office (CSO) is associated with:
    1.    National Income Accountancy
    2.    Gender Statistics
    3.    Energy
    Codes:
    (a)    1 and 2         (b)    2 and 3
    (c)    1 and 3        (d)    All


18.    Identify the correct statement(s):
    1.    The MPLADS is a non-plan Scheme.
    2.    The funds released under MPLADS are non-lapsable.
    3.    The nominated members of the Lok Sabha and the Rajya Sabha can recommend works only in the state to which they belong.
    Codes:
    (a)    1 only    (b)    2 only
    (c)    3 only    (d)    1, 2 and 3

19.    India has signed Comprehensive Economic Co-operation Agreements (CECA) with:
    1.    Singapore
    2.    South Korea
    3.    Japan
    4.    Malaysia
    Codes:
    (a)    1 and 3        (b)    2 and 4
    (c)    3 and 4        (d)    1 and 4

20.    Of the following the instruments issued to  the State Governments only is/are:
    1.    91 day treasury bills
    2.    14 day treasury bills
    3.    364 day treasury bills
    4.    182 day treasury bills
    Codes:
    (a)    1 only        (b)    2 only
    (c)    3 and 4        (d)    None

21.    The web based Investor Grievance Redressal System of SEBI is:
    (a)    SOR        (b)    MCA
    (c)    SCORES    (d)    None


22.    The pair of currency(ies) used for trading in the currency futures is/are:
    1.    USD-INR
    2.    EURO-INR
    3.    GBP-INR
    Codes:
    (a)    1 only        (b)    2 and 3
    (c)    1, 2 and 3    (d)    None

23.    The External Commercial borrowings are:
    1.    Those instruments having minimum maturity period of 5 years.
    2.    Floating rate notes, Fixed rate bonds.
    Codes:
    (a)    1 only
    (b)    2 only
    (c)    Both 1 and 2
    (d)    None

24.    The Foreign Currency Convertible Bonds (FCCBs) are:
    1.    Expressed in Foreign currency.
    2.    Those whose interest and principal is paid in Indian Currency.
    3.    Convertible into ordinary shares of the issuing company.
    Codes:
    (a)    1 and 2
    (b)    2 and 3
    (c)    1 and 3
    (d)    1, 2 and 3
25.    The Financial Action Task Force as members include:
    1.    European Union
    2.    APEC (Asia Pacific Economic Co-operation).
    3.    BRICS
    4.    Gulf Co-operation Council
    Codes:
    (a)    1 and 2    (b)    1 and 3
    (c)    3 and 4    (d)    1 and 4

Answers

1.    (c)
2.    (a)
3.    (d)
4.    (d)
5.    (c)
6.    (d)
7.    (c)
8.    (d)
9.    (d)
10.    (b)
11.    (b)
12.    (d)
13.    (b)
14.    (c)
15.    (d)
16.    (d)
17.    (d)
18.    (b)
19.    (d)
20.    (b)
21.    (c)
22.    (c)
23.    (d)
24.    (d)
25.    (d)