(Exam Held on 16-5-2010)
1. India attained ‘Dominion Status’ on—
(A) 15th January, 1947
(B) 15th August, 1947
(C) 15th August, 1950
(D) 15th October, 1947
Ans : (B)
2. Despotism is possible in a—
(A) One party state
(B) Two party state
(C) Multi party state
(D) Two and multi party state
Ans : (A)
3. Marx belonged to—
(A) Germany
(B) Holland
(C) France
(D) Britain
Ans : (A)
4. Which one of the following is the guardian of Fundamental Rights ?
(A) Legislature
(B) Executive
(C) Political parties
(D) Judiciary
Ans : (D)
5. Sarkaria Commission was concerned with—
(A) Administrative Reforms
(B) Electoral Reforms
(C) Financial Reforms
(D) Centre-State relations
Ans : (D)
6. The Speaker of the Lok Sabha has to address his/her letter of resignation to—
(A) Prime Minister of India
(B) President of India
(C) Deputy Speaker of Lok Sabha
(D) Minister of Parliamentary Affairs
Ans : (C)
7. A want becomes a demand only when it is backed by the—
(A) Ability to purchase
(B) Necessity to buy
(C) Desire to buy
(D) Utility of the product
Ans : (D)
8. The terms ‘Micro Economics’ and ‘Macro Economics’ were coined by—
(A) Alfred Marshall
(B) Ragner Nurkse
(C) Ragner Frisch
(D) J.M. Keynes
Ans : (C)
9. During period of inflation, tax rates should—
(A) Increase
(B) Decrease
(C) Remain constant
(D) Fluctuate
Ans : (A)
10. Which is the biggest tax paying sector in India ?
(A) Agriculture sector
(B) Industrial sector
(C) Transport sector
(D) Banking sector
Ans : (D)
11. “Economics is what it ought to be.”—This statement refers to—
(A) Normative economics
(B) Positive economics
(C) Monetary economics
(D) Fiscal economics
Ans : (A)
12. The excess of price a person is to pay rather than forego the consumption of the commodity is called—
(A) Price
(B) Profit
(C) Producers’ surplus
(D) Consumers’ surplus
Ans : (C)
13. Silver halides are used in photographic plates because they are—
(A) Oxidised in air
(B) Soluble in hyposolution
(C) Reduced by light
(D) Totally