Welcome to your Polity 3
6. The institution of Panchayati Raj was first introduced in Rajasthan ina)3rd March,1959b)4th May,1959c)2nd Oct, 1959d)3rd Nov, 1959
17. Which Act provided for the establishment of RBIa)Government of India Act 1935b)The Indian Independence Act 1947c)Government of India Act 1858d)Mountbatten Plan
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Welcome to your Economics 7
2. Finance commission is a(a) Constitutional body(b) Statutory body(c) Extra constitutional body(d) None of these
3. Finance Commission comprises –(a) Chairman and nine elected (by Lok Sabha) members(b) Chairman, Vice-chairman and eight nominated members(c) Chairman, and four other members appointed by the President(d) Ten elected members of the Lok Sabha
4. What does a good with positive externalities known as?(a)Giffen goods(b)Public goods(c)Merit goods(d)Snob good
7. Who introduced the Ryotwari System of land revenue?(a) Sir Thomas Munro(b) Lord Cornwallis(c) Robin Hood(d) Lord Willingdon
10. When the Land Reform Act was passed?a)1950b)1953c)1952d)1957
13. Which of the following is most liquid measure of money supply in India?a)M2b)M3c)M1d)M4
14. Which of the following is known as broad money?a)M1b)M2c)M3d)M4
15. Which of the following statements is true about the Indian monetary system?a)The Indian monetary system is based on the gold standardb)The Indian monetary system is based on the credit money standardc)The Indian monetary system is based on the paper standardd)The Indian monetary system is based on the metallic standard
16. What happens when margin requirements are increased.a)There has been no change in the amount of money in circulation.b)more likely to borrow more money resulting in a rise in the money supplyc)It decreases borrowing capacity and money supplyd)None of the above
17. On which commission’s recommendations; Reserve Bank of India was established?(a)Chamberlain Commission(b) Hilton Young Commission(c) Keynes Commission(d) None of the above
18. When was R.B.I. nationalised?(a)1935(b) 1949(c) 1929(d) 1914
20. How long does the accounting year of the Reserve Bank of India come from?(a)1st July to 1st June(b) 1st April to 31st March(c) 1st July to 30th June(d) January 1 to December 31
Welcome to your Economics 6
1. Which of the following is most liquid measure of money supply in India?a) M2b) M3c) M1d) M4
2. Which of the following is known as broad money?a) M1b) M2c) M3d) M4
3. Which of the following statements is true about the Indian monetary system?a) The Indian monetary system is based on the gold standardb) The Indian monetary system is based on the credit money standardc) The Indian monetary system is based on the paper standardd) The Indian monetary system is based on the metallic standard
4. What happens when margin requirements are increased.a) There has been no change in the amount of money in circulation.b) more likely to borrow more money resulting in a rise in the money supplyc) It decreases borrowing capacity and money supplyd) None of the above
5. What is the duration of a financial year?a) October 1st to September 30thb) April 1st to March 31stc) January 1st to December 30thd) None of the above
11. The steel plants at Durgapur, Bhilai and Rourkela were established during the period of :(a) First Five Year Plan (b) Second Five Year Plan(c) Third Five Year Plan(d) Fourth Five Year Plan
12. . Which among the following publishes the Ease of Doing Business report?(a) World Bank(b) International Monetary Fund(c) World Economic Forum(d) The United Nations Development Programme
13. . White Revolution is related toa)Tomato Productionb)Fish Productionc)Milk Productiond)Meat Production
14. Which state has the forest cover as a percentage of the total area?[a] Mizoram[b] Arunachal Pradesh[c] Assam[d] Meghalaya
15. When was the first Industrial policy introduced in Independent India?a)1950b)1949c)1948d)1951
16. Who is called the ‘Father of Economics’?(a) Max Muller(b) Karl Marx(c) Adam Smith(d) None of these
17. India has:(a) Socialistic economy(b) Gandhian economy(c) Mixed economy(d) Free economy
18. Dadabhai Naoroji theorised on the drain of wealth from India in his book:(a) Poverty under British Rule in India(b) Poverty in British Rule in India(c) Poverty and Un-British Rule in India(d) Poverty of Economic Drain in British India
20. Socialist or State economic system is proposed bya)Adam Smithb)Karl Marxc)JM Keynesd)Will Smith
Welcome to your Economics 5
1. Who among the following was the Chairman of 14th Finance Commission?(a) Shanta Kumar(b) C. Rangarajan(c) Y.V. Reddy(d) None of the above
3. The final approval to the five year plans of India is given by?(a) NITI Aayog(b) President of India(c) National Development Council(d) Ministry of Finance
5 .The 12th Five Year Plan was applicable to and from which of the following periods?(a) 2005-10(b) 2004-09(c) 2012–17(d) 2007-12
11. Disguised unemployment is a common phenomenon ina) Agriculture b) Industry c) Traded) Telecommunication
13. Unemployment that occurs during the normal workings of an economy as people change jobs and move across the country is called _____.a) structural unemployment.b) natural unemploymentc) frictional unemploymentd) cyclical unemployment
14. National rural employment programme was launched in which year?a) 1982 b) 1980 c) 1985 d) 1991
15. Who developed the concept of disguised unemployment?a) John Keynesb) Amartya Senc) John Robinsond) Alfred Marshal
16. Who are counted in the labour force of a country?a) The population of 18 to 60 years of ageb) The population of 15 to 65 years of agec) The population of 18 to 65 years of aged) Population of 21 to 62 years of age
20. Which of the following is issued by RBI?a) Currency Notesb) Coinsc) Bothd) None of the above
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5. Which state has the maximum number of people living below the poverty line?(a) Bihar(b) Uttar Pradesh(c) Madhya Pradesh(d) Maharashtra
9. NITI Aayoy current Vice Chairman(a)Shri Suman Bery(b)Rajiv Kumar(c)Suman Bery(d)Arvind Panagariya
11. 15th Finance Commissions Chairman(a)KN Singh(b)NK Singh(c)KC Neogi(d)KN Neogi
13. Which of the following Five Year Plan (FYP) gave emphasis to agriculture sector?1. 1st FYP2. 2nd FYP3. 3rd FYP4. 4th FYP Select the correct answer using the codes given below: (a) 1 and 2 only (b) 2 and 3 only (c) 1, 3 and 4 only (d) 1, 2, 3 and 4
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6. The shortest session of Parliament is(a) Budget session(b) Monsoon session(c) Special session(d) Winter session
11. Recently, who received the National Florence Nightingale Award 2024 from Mizoram?a) H Muankimib) H Muanzovic) H Neihzovid) H MankimiDeselect Answer
12. Who has become the new Chief Minister of Delhi?a) Sunita Kejriwalb) Flute Swarajc) Atishi Marlena d) Smriti IraniDeselect Answer
Time is Up!
1. The only force acting on a 2.0 kg body as it moves along a positive x-axis has an x-component Fx =-6x with x in meters. The velocity at x=3 m is 8.0 m/s. The velocity of the body at x=4 m is(A) 6.6 m/s(B) 46.6 m/s(C) 60 m/s (D) 96.6 m/s
(A) 5:7 (B) 7:5(C) 3:6 (D) 6:3
(A) 5 sec(B) 6 sec(C) 7 sec(D) 8 sec
(A) 1:2(B) 2:5(C) 2:7(D) 7:10
(A) 4.5 ms -1(B) 5 ms-1(C) 5.7 ms-1(D) 6.2 ms-1
(A) 1:1(B) 1:5(C) 1:4(D) 4:5
Deselect Answer
12. In the system shown in the figure, the acceleration of 1 kg block is
(A) g/2 downwards(B) g/2 upwards(C) g/4 downwards(D) g/4 upwards
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