1.

Development expenditure of the Central government does not include

A . B . C . D .

Defense expenditure

Expenditure on economic services Expenditure on social and community services Grant to states

Ans.

2.

In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
Chemicals other than fertilizers Services sector Food processing Telecommunication

A B C D

Ans.

3
A

. 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

B C D

Ans.

4.

Which of the following items would not appear in a company's balance sheet?
Value of stocks of raw materials held Total issued capital Revenue from sales of the company's products Cash held at the bank

A B C D

Ans.

5.

Debenture holders of a company are its

B . creditors D . Directors

A . Shareholders C . debtors

Ans.

6 . Excise duty is a tax levied on the

A B C D import of goods export of goods production of goods sale of goods

Ans.

7.

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

C
D

to setup more foreign exchange banks

to lend more easily for industrial development

Ans.

8.

Deficit financing means that the government borrows money from the

A
B C D

RBI
local bodies big businessmen IMF

Ans.

9.

In India, inflation measured by the

Wholesale Price Index number
Consumers Price Index for urban non-manual workers

A
B

C D

Consumers Price Index for agricultural workers National Income Deflation

Ans.

10. The power to decide an election petition is vested in the.

A B C D Parliament Supreme Court High courts Election Commission

Ans.

11. A. B. C. D.

The president can dissolve the Lok Sabha on

advice of the prime minister advice of the chief justice of India recommendation of Lok Sabha recommendation of the Rajya Sabha

Ans.

12.

The minimum number of members that must be present to hold the meeting of the Lok Sabha is
one-fourth of the total membership one-tenth of the total membership of the Houses 50 percent strength of the Lok Sabha at least 100 members

A. B. C. D.

Ans.

13.

The members of the state legislative assemblies are elected for a period of.
2 years 6 years 5 years 3 years

A. B. C. D.

Ans.

14. The present Lok Sabha is the

A. B. C. D. 9th Lok Sabha 10th Lok Sabha 14th Lok Sabha 15th Lok Sabha

Ans.