FCS&CA • 2019 • Paper-II
Assertion (A) : Indian economy is referred to as a ‘mixed economy’
Reason (R) : Government of India recognizes the relative importance of both public as well as private sectors in economic development process
Select your answer using the codes given below:
A)
Both A & R are true and R is the correct explanation of A
B)
Both A & R are true but R is NOT the correct explanation of A
C)
A is true but R is false
D)
A is false but R is true
India is mixed economy because both public and private sectors coexist; recognition of both explains the mixed nature, so R correctly explains A.
FCS&CA • 2019 • Paper-II
Chairman of NITI Aayog is
A)
Prime Minister of India
B)
President of India
C)
Vice President of India
D)
Home Minister of India
The Prime Minister is the ex officio Chairperson of NITI Aayog.
FCS&CA • 2019 • Paper-II
The Supreme Court of India declares by issuing a writ that the respondent was not entitled to an office he was holding or a privilege he was exercising. Which writ is that?
A)
Habeas Corpus
B)
Mandamus
C)
Prohibition
D)
Quo warranto
Quo warranto questions illegal occupation of public office by declaring holder not entitled.
FCS&CA • 2019 • Paper-II
Who wrote the book ‘Planned Economy for India’?
A)
M. Visvesvaraya
B)
Prof. Amartya Sen
C)
Mahatma Gandhi
D)
Jawaharlal Nehru
M. Visvesvaraya published Planned Economy for India in 1934 proposing 10-year plan.
FCS&CA • 2019 • Paper-II
Smart City Mission was launched by Narendra Modi in:
A)
2015
B)
2016
C)
2017
D)
2014
Smart Cities Mission was launched by PM Narendra Modi on 25 June 2015.
FCS&CA • 2019 • Paper-II
Quit India Movement was started in
A)
1941
B)
1942
C)
1943
D)
1944
Quit India Resolution passed in Bombay on 8 Aug 1942 and movement launched on 9 Aug 1942.
FCS&CA • 2019 • Paper-II
Buying of securities by RBI leads to______
A)
Decrease in liquidity
B)
Increase in liquidity
C)
Constant liquidity
D)
None of these
When RBI buys securities via Open Market Operations it injects money into the banking system, increasing liquidity.
FCS&CA • 2019 • Paper-II
According to Dr Dandekar and and Mr. N. Rath the minimum amount of calories one should take is
A)
2500
B)
2450
C)
2250
D)
2350
Dandekar and Rath's 1971 poverty estimation used 2250 calories per capita per day as minimum requirement.
FCS&CA • 2019 • Paper-II
Invisible exports in the balance of payment means export of_______
A)
Services
B)
Prohibited goods
C)
Unrecorded goods
D)
Goods through smuggling
Invisible exports refer to invisibles in BoP, i.e., services like banking, insurance, IT, rather than physical goods.
FCS&CA • 2019 • Paper-II
Which one of the following Article makes provision for the reservation of SC/ST in government services?
A)
Article 322
B)
Article 335
C)
Article 337
D)
Article 338
Article 335 mandates consideration of SC/ST claims consistent with efficiency in services and posts.
FCS&CA • 2019 • Paper-II
Which one of the following is not a manifestation of regionalism in India?
A)
Demand for secession from the union
B)
Demand for full-fledged statehood
C)
Demand for national integration
D)
Demand for regional separate autonomy
Regionalism manifests in secession, statehood and autonomy demands, not in national integration demand.
FCS&CA • 2019 • Paper-II
According to Gahdhi, the only means to bring about true Socialism is
A)
Ahimsa
B)
Swadeshi
C)
Swaraj
D)
Satyagraha
Gandhi held Satyagraha based on truth and non-violence as the true path to socialism.
FCS&CA • 2019 • Paper-II
The contribution of agriculture to India’s economy is
A)
increasing
B)
decreasing
C)
remains the same
D)
increasing at a decreasing rate
Agriculture share in India's GDP has fallen from ~50% in 1950s to ~18% now due to faster growth of industry and services.
FCS&CA • 2019 • Paper-II
The three land tenure system before independence were
A)
Zamindari system, Koraput system, Mahalanobes system
B)
Mahalwarisystem, Mahalanobis system, Maharashi system
C)
Ryotwari system, Mahalwari system, Zamindari system
D)
Ryotwari system, Zamindari system, Maharashi system
The three classic pre-independence land revenue systems were Ryotwari, Mahalwari and Zamindari.
FCS&CA • 2019 • Paper-II
According to 73rd Amendment of Indian Constitution, the minimum age for contesting elections to the Panchayati Raj institutions should be
A)
18 years
B)
21 years
C)
25 years
D)
30 years
73rd Amendment prescribes minimum 21 years age to contest Panchayati Raj elections.
FCS&CA • 2019 • Paper-II
Which of the following is/are the main problem(s) faced in Indian Planning?
A)
Lack of ‘perspective’ in Planning
B)
Failure in promoting a balanced growth and development
C)
Highly centralized nature of Planning
D)
All of these
Critics note Indian Planning suffered from lack of perspective, unbalanced growth and excessive centralisation, all listed.
FCS&CA • 2019 • Paper-II
The Food Policy of India involved heavy expenditure in the form of
A)
Chemical fertilizer subsidy
B)
High Yielding Variety seeds subsidy
C)
Harvesting subsidy
D)
Food subsidy
India’s food policy has involved substantial expenditure on food subsidy.
FCS&CA • 2019 • Paper-II
The rate of interest the RBI charges from commercial banks on their short-term borrowings is called__
A)
Repo Rate
B)
Reverse Repo Rate
C)
Bank Rate
D)
Base Rate
Repo rate is the rate at which RBI lends short-term funds to commercial banks against securities.
FCS&CA • 2019 • Paper-II
NREGS was started by UPA Government to uplift the rural poor in the year
A)
2006
B)
2007
C)
2008
D)
2005
NREGS/MGNREGA was launched nationally in 2006.
FCS&CA • 2019 • Paper-II
The use of Providing Urban Amenities in Rural Areas (PURA) strategy in the Indian Planning was advocated by.
A)
Jawahar Lal Nehru
B)
Gandhiji
C)
APJ Abdul Kalam
D)
Dr. Manmohan Singh
PURA was advocated by A.P.J. Abdul Kalam.
FCS&CA • 2019 • Paper-II
The technological break through, use of chemical fertilizers, pesticides, HYV seeds, irrigation, mechinery in agriculture is called
A)
The Glorious Revolution
B)
The Green Revolution
C)
The Technological Revolution
D)
The New Agricultural Revolution
Use of HYV seeds, fertilizers, pesticides, irrigation and machinery denotes the Green Revolution in 1960s.
FCS&CA • 2019 • Paper-II
Which of the following pairs is NOT correct?
A)
EXIM Bank : Financing of export-import
B)
RBI : Bankers’ bank
C)
IDBI : Industrial Finance
D)
FCI : Financial Assistance to Commercial institutions
FCI is Food Corporation of India for procurement and distribution of foodgrains, not for financial assistance to commercial institutions.
FCS&CA • 2019 • Paper-II
The two causes of Low Profitability of Public Sector banks are
A)
the declining interest income for banks and increasing cost of operation
B)
fluctuation of interest rate and high cash reserve ratio
C)
Low rate of lending fund and high rate of interest
D)
Inefficient managerial skill and low level of technology
Declining interest income plus rising operating costs are standard causes of lower profitability.
FCS&CA • 2019 • Paper-II
Which part of the Constitution of India has been described as the ‘soul of the constitution’
A)
The Preamble
B)
Fundamental Rights
C)
Directive Principles of State Policy
D)
Right to Constitutional Remedies
Mizoram history general knowledge.
FCS&CA • 2019 • Paper-II
Sri Aurobindo was critical of
A)
Modern Socialism
B)
Modern Industrialisation
C)
Modern Capitalism
D)
Modern Individualism
Aurobindo criticized tendencies of centralization and concentration in modern capitalism while appreciating socialist ideals.
