Questions

Q:

Under Article 352 of the Constitution of India, an emergency can be declared if security of any part of India is threatened by 1.war2.external aggression3.armed rebellion4.internal disturbanceSelect the correct answer using the code given below.

A) 1, 2 and 3 B) 2, 3 and 4
C) 1 and 2 only D) 1 and 2 only
 
Answer & Explanation Answer: A) 1, 2 and 3

Explanation:

The 44th Constitutional Amendment Act, replaced the phrase ‘internal disturbance’ with the ‘armed rebellion’ to avoid its misuse by the government in power.

 

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Q:

Fiscal policy in India is formulated by

A) Reserve Bank of India B) Planning Commission
C) Finance Ministry D) SEBI
 
Answer & Explanation Answer: C) Finance Ministry

Explanation:
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Q:

The closest example of a centrally planned economy is the __________ for the major part of the 20th Century.

A) USA B) India
C) Soviet Union D) Japan
 
Answer & Explanation Answer: C) Soviet Union

Explanation:
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Q:

This tax is entirely borne by the entity it is levied upon and cannot be passed.

A) Direct tax B) Indirect tax
C) Straight tax D) Advance tax
 
Answer & Explanation Answer: A) Direct tax

Explanation:
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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent B) 12.5 percent
C) 10 percent D) 15 percent
 
Answer & Explanation Answer: B) 12.5 percent

Explanation:
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Q:

In India all of the following are sources for government revenue, except?

A) Agricultural income tax B) Anti dumping duty
C) Perquisite tax D) Toll tax
 
Answer & Explanation Answer: A) Agricultural income tax

Explanation:
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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

My friend said to me, "I am willing to help you on a condition."

A) My friend said to me that he is willing to help me on a condition. B) My friend said to me that he has had been willing to help me on a condition.
C) My friend said to me that he has been willing to help me on a condition. D) My friend said to me that he was willing to help me on a condition.
 
Answer & Explanation Answer: D) My friend said to me that he was willing to help me on a condition.

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Very simply, a checklist is a list of items required, things to be done or points to be considered, used as a reminder. This is clear. Is the _______________ implication equally clear? Perhaps not. A checklist is purely objective, no _______________ is involved. That means, if the checklist is framed as a set ______ questions, the answer to every question can only be a binary “Yes” _______ “No” and nothing in between; no shades of grey. Such objectivity is the very antithesis of the education system today, both in the way teaching happens and in the ____________ of the student.

 

question can only be a binary “Yes” _______ “No” and nothing in between;

A) and B) or
C) but D) also
 
Answer & Explanation Answer: B) or

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