2. 1
Indian Parliamentary System is based on which model?
• Westminster model
• Welfare State model
• Both a & b
• Neither a nor b
3. 2
What is the minimum permissible age for employment in any factory
or mine?
• A. 12 years
• B. 14 years
• C. 16 years
• D. 18 years
4. 3
The President of the Indian Union has the same constitutional
authority as the
• A. President of USA
• B. President of Egypt
• C. British Monarch
• D. President of Russia
6. 5
• The power to determine the number of judges in a High Court lies
with the
• A. Prime Minister
• B. President
• C. Collector
• D. Election officer
7. 6
• District Judges in a State are appointed by the
• A. Prime Minister
• B. Governor
• C. Financial Minister
• D. Chief Judge
8. 7
• Minister of Road Transport and Highways
a. Shri Amit Shah
b. Shri Nitin Jairam Gadkari
c. Smt. Nirmala Sitharaman
d. Shri Narendra Singh Tomar
9. 8
The budget is also known as:
• Annual Financial Statement
• Monthly Financial Statement
• Receipt and Expenditure Statement
• Taxation Statement
10. 9
• Which state‟s Chief Minister has announced a “Sushma Swaraj
Award‟ for women?
• (a) Maharashtra
• (b) West Bengal
• (c) Madhya Pradesh
• (d) Gujarat
• (e) Haryana
11. 10
Which one of the following best describes BRICS?
1) A group of five nuclear powers
2) A group of five industrialized nations
3) A group of five major emerging economies
4) A group of five potentially strong UN Security Council members from
the Countries of the Global South
12. 11
• Which one of the following items is not covered under GST?
1) Cosmetics
2) Medical grade oxygen
3) Jewellery
4) Petrol
13. 12
• The central bank of a developing country like India allows the
domestic currency to devaluate
I. Boost exports
II. Shrink trade deficits
III. Reduce Sovereign debt burdens
The correct code is -
1) Only I
2) Only I and II
3) Only II
4) All I, II and III
14. 13
• L.B.S. is one of the economic measures taken by the Government of
India for financial inclusion. What is L.B.S. in this context?
1) Loan Banking Scheme
2) Lead Banking Scheme
3) Loan Banking System
4) Lead Breaking System
15. 14
• International Monetary Fund has raised the weighting of in the
currency basket of Special Drawing Rights (SDRs).
I. US Dollar
II. Euro
III. Chinese Yuan
IV. Japanese Yen
V. Pound Sterling
The correct code is -
1) Only I
2) Only I and III
3) Only III
4) None of the above
16. 15
• Niti Ayog formed in -
1) 1 January, 2015
2) 1 February, 2015
3) 1 March, 2015
4) 13 June, 2015
17. 16
• Which of the following is not an instrument of fiscal policy ?
1) Tax
2) Government Expenditure
3) Bank Rate
4) Public Borrowings
18. 17
• Which of the following is not a cause of poverty?
1) Economic Inequality
2) Social Inclusion
3) Unemployment
4) Indebtedness
19. 18
• Ngultrum is the currency of -
1) Nepal
2) Bhutan
3) Mayanmar
4) Indonesia
20. 19
• The Modi government at the center has formed NITI Aayog by
replacing which one of the following?
1) Planning commission
2) Agriculture price commission
3) Finance commission
4) Fiscal commission
21. 20
• Which one of the following is not a function of money?
1) Acts as an intermediate in the exchange process
2) Acts as a store of value
3) Used as the unit of account
4) Used for regulating consumption
23. Answers
1.a-The Parliament of India is based on Westminster model of Britain.
2. What is the minimum permissible age for employment in any
factory or mine?
. 14 years
3. The President of the Indian Union has the same constitutional
authority as the
C. British Monarch
• 4. Income-tax Act 1961
24. 5. The power to determine the number of judges in a High Court lies
with the
B. President
6. District Judges in a State are appointed by the
B. Governor
7. Minister of Road Transport and Highways
b. Shri Nitin Jairam Gadkari
25. 8. The budget is also known as:
• Annual Financial Statement
9. Haryana‟s CM presented Rs 1.77 Lakh crores Budget for the FY 2022-
23; announced „Sushma Swaraj Award‟ for women.
10. Which one of the following best describes BRICS?
c A group of five major emerging economies
11. Which one of the following items is not covered under GST?
4) Petrol
26. 12. The central bank of a developing country like India allows the
domestic currency to devaluate
The correct code is -
4) All I, II and III
13. L.B.S. is one of the economic measures taken by the Government
of India for financial inclusion. What is L.B.S. in this context?
2) Lead Banking Scheme
14.
27. 14 International Monetary Fund has raised the weighting of in the
currency basket of Special Drawing Rights (SDRs).
2) Only I and III- Dollar and Chinese Yuan
15. Niti Ayog formed in -
1) 1 January, 2015
16.Which of the following is not an instrument of fiscal policy ?
3) Bank Rate
17. Which of the following is not a cause of poverty?
2) Social Inclusion
28. • 18. Ngultrum is the currency of -
2) Bhutan
• 19. The Modi government at the center has formed NITI Aayog by
replacing which one of the following?
1) Planning commission
20. Which one of the following is not a function of money?
4) Used for regulating consumption
• 21. Prime minister Atal bihari Vajpai
