WBCS Main Examination Paper - V (The Constitution of India and Indian Economy including role and functions of RBI) - 2014

1. Which one of the following amendments added the word 'Secular' to the preamble of the Indian Constitution

(A) 44th Amendment (B) 42nd Amendment (C) 43rd Amendment (D) 45th Amendment

2. The Constitution of India describes India as a :

(A) Union of states (B) Quasi federal

(D) Partly unitary and partly federal

3. Which one of the following chapter provisions has been described as the soul of the Constitution ?

(A) The chapter on Fundamental Rights

(B) The chapter on Directive Principal of State Policy

(C) The Preamble

(D) The provisions regarding judicial review

4. The power to form new states or change the boundaries of the existing states rests with

(A) The President (B) The Parliament (C) The Election Commission (D) None of the above

5. The States Reorganisation Commission set up in 1953 to consider the demand for linguistic states, was headed by :

(A) Saiyid Fazl Ali (B) K. M. Panniker (C) H. N. Kunzru (D) M. C. Mahajan

6. The States re-organisation Act, 1956 divided the entire country into :

(A) 22 states and 9 union territories

(B) 14 states and 9 union territories

(D) Four categories of states

7. The Constitution of India provides for :

(A) Single citizenship

(B) Double citizenship

(D) Provides multiple citizenship

8. India borrowed the idea of Directive Principle of State Policy from the Constitution of :

(A) The Weimar Republic of Germany

(B) The Republic of Ireland

(D) None of the above

9. In which part of the Constitution does the concept of welfare state find elaboration ?

(A) Preamble

(B) Fundamental Rights

(C) Directive Principle of State Policy

(D) All of the above

10. Which one of the following is a Directive Principle of State Policy ?

(A) The state shall not deny to any person equality before law

(B) The state shall not discriminate against any person on grounds of religion; race, caste, sex or place of birth

(D) The state shall endeavour to protect and improve the environment and safeguarding of forests and wild life

11. 'Right to property' is a :

(A) Fundamental Rights (B) Directive Principle (C) Legal Right (D) Social Right

12. Which one of the following is not a fundamental right ?

(A) Right against exploitation

(B) Equal pay for equal work

(D) Right to freedom of religion

13. The verdict by the Supreme Court that the original (basic) structure of the Constitution cannot be amended was given in which case ?

(A) Sajjan Singh case (B) Minerva Mills case

14. The Vice President of India is elected by an electoral college consisting of the members of :

(A) Rajya Sabha

(B) Lok Sabha and Rajya Sabha

(D) None of the above

15. The President of India can nominate —— members to the Lok Sabha and —— members to the Rajya Sabha

(A) 12, 2 (B) 2, 12 (C) 2, 10 (D) 10, 2

16. Who among the following did not serve as the Vice President of India before becoming the President of India ?

(A) Dr. S. Radhakrishnan

(B) Dr. Zakir Hussain

(C) Dr. A. P. J. Abdul Kalam

(D) Shankar Dayal Sharma

17 . Out of the following who served as the first Vice President of India ?
(A) Dr. Rajendra Prasad (B) Dr. S. Radhakrishnan (C) Dr. Zakir Hussain (D) V. V, Giri

18. In which article of the Constitution of India has the joint sitting of the Lok Sabha and Rajya Sabha been provided ?

(A) Article 104 (B) Article 108 (C) Article 133 (D) Article 143

19. The first Five Year Plan in India was launched in the year :

20. The first Election Commissioner of India was :

(A) S.S. Verma (B) B.C.Roy (C) Sukumar Sen (D) H. J. Kania

21. Which among the following is the middle unit of Three Tier Panchayati Raj System ?

(A) Gram Panchayat (B) Panchayat Samiti (C) Zila Parishad (D) Gram Sabha

22. Sarkaria Commission was set up in the year :

23. Montagu-Chelmsford report is associated with

(A) Govt. of India Act, 1918

(B) Govt. of India Act, 1920

(D) Govt, of India Act, 1919

24. Unlike that of the Lok Sabha what is the period of the Rajya Sabha ?

(A) 6 years (B) 5 years (C) It is a Permanent House (D) 2 years

25. The guardian of the Indian Constitution is :

(A) The President of India

(B) The Parliament of India

(C) The Supreme Court of India

(D The Prime Minister and the Council of Ministers

26. The Lok Sabha was first constituted in :

27. Under which Article of the Indian Constitution can the Parliament legislate on any subject in the state list ?

(A) Article 229 (B) Article 249 (C) Article 239 (D) Article 259

28. The first Finance Commission was constituted in :

29. The Anti-Defection Law was enacted in :

30. The right to Constitutional remedy in the Indian Constitution is provided for under :

(A) Article 19 (B) Article 32 (C) Article 15 (D) Article 39

31. Which one among the following is not stipulated in the Constitution of India ?

(A) Union Public Service Commission

(B) Election Commission of India

(D) The Planning Commission

32. Nagarpalika bill was first introduced in the Parliament during the Prime Ministership of :

(A) Rajiv Gandhi (B) Narashimha Rao (C) V. P. Singh (D) Indira Gandhi

33. Identify the correct chronological order of the following landmark judgement by the Supreme Court :

(i) Minerva Mills case

(ii) Golak Nath case

(iii) A. K. Gopalam case

(iv) Ninth Schedule of the Constitution case

(A) (iv), (ii), (iii), (i) (B) (iii), (iv), (i), (ii) (C) (iii), (i), (ii), (iv) (D) (iii), (ii), (i), (iv)

34. Anti-Defection law was placed in :

(A) The Preamble

(B) The Fundamental Rights chapter in the Constitution

(D) 10th schedule of the Constitution

35. Arrange the following in chronological order and use the codes given below :

(i) Keshavananda Bharati case

(ii) Golaknath case

(iii) Minerva Mills case

(iv) Sajjan Singh case Codes

(A) (iii), (ii), (iv), (i) (B) (i), (iv), (iii), (ii) (C) (iv), (ii), (i), (iii) (D) (ii), (iv), (iii), (i)

36. Which Article of the Constitution provides the Parliament the power to amend the Constitution ?

(A) 370 (B) 368 (C) 390 (D) 376

37. The impeachment of the President of India can be initiated in :

(A) either House of the Parliament

(B) a joint sitting of both the Houses of the Parliament

(D) the Rajya Sabha alone

38. Who of the following constitutes a Finance Commission for India ?

(A) The President of India

(B) The Prime Minister

(D) The Union Cabinet

39. Which one of the following High Courts has the territorial jurisdiction over Andaman and Nicobar Islands ?

(A) Andhra Pradesh (B) Kolkata (C) Chennai (D) Odisha

40. District Judges in a state are appointed by the :

(A) Governor

(B) Chief Justice of High Court

(D) Advocate General of the State

41. When a Bill is reserved by the Governor for the consideration of the President, within what time he must return the Bill ?

(A) Three months (B) Six months (C) One year (D) There is no time limit

42. The Planning Commission was set up :

(A) Under the Government of India Act, 1935

(B) as per the provisions of the Constitution of India

(C) by a Cabinet resolution

(D) as per the recommendations of the National Development Council

43. Which of the following is not in the State List under the Constitution of India ?

(A) Insurance (B) Fisheries (C) Agriculture (D) Gambling

44. The term of the Comptroller and Auditor General of India is :

(A) 6 years (B) 65 years

(C) 6 years or 65 years of age whichever is earlier

(D) None of the above

45. Which one of the following Articles of the Constitution of India makes a specific mention of village Panchayats :

(A) Article 19 (B) Article 21 (C) Article 40 (D) Article 246

46. Which among the following is the exclusive jurisdictipn of the State Governments ?

(A) Corporation Tax (B) Customs Duty Tax (C) Sales Tax (D) Income Tax

47. The special status of Jammu and Kashmir implies that the state has :

(A) separate defence forces

(B) a separate Constitution

(D) all of the above

48. The Chairman and members of the UPSC hold office for a term of :

(A) Three years (B) Four years (C) Five years (D) Six years or until he attains the age of 65 years

49. How many types of emergencies have been envisaged by the Constitution ?

(A) 2 (B) 3 (C) 4 (D) 1

50. The members of the Council of Ministers are collectively responsible to :

(A) The President of India

(B) The House of the People

(D) The Rajya Sabha

51. Repo Rate is the Rate at which

(A) RBI borrows from Commercial banks

(B) RBI lends to commercial banks

(D) None of the above

52. The specific purpose of Finance Commission to make recommendations in respect of

(A) Financial Liberalisation of the economy

(B) Planned expenditure of the Central and State Govts.

(C) The division and distribution of taxes between the Union and the States

(D) Non-planned expenditure of the Central Govt.

53. Fiscal Deficit is -

(A) Revenue Receipts + Capital receipts (only recoveries of loan and other receipts) - Total expenditure

(B) Budget Deficit + Government's market borrowings and liabilities

(D) All of the above

54. M3 money is -

(A) M2 + Net time deposits with banks

(B) M1 + M2

(D) M1 + savings deposits with post office

55. Merit goods are those goods in which

(A) The social benefit is much greater than the sum of private benefits to individual consumers

(B) The private benefits is much greater than the social benefit

(D) None of the above

56. Functions of Money -

(A) Money as a medium of exchange

(B) Money as a unit of account

(D) All the above three

57. Cash Reserve Ratio (CRR) is -

(A) The share of deposits commercial banks must keep with RBI

(B) The share of deposits RBI must keep with Central Govt.

(D) None of the above

58. Who was the Chairman of 13th Finance Commission of India ?

(A) Y. S. P. Thorat (B) T. S. Vijayan (C) Vijay Kelker (D) S. Tendulkar

59. Primary Deficit is equal to -

(A) Fiscal Deficit + Interest payment

(B) Fiscal Deficit - Interest payment

(D) All of the above

60. MODVAT (Modified Value Added Tax) was introduced in India in -

61. From Non-performing Asset (NPA) Banks

(A) Cannot earn any interest

(B) Can earn maximum profits

(D) All of the above

62. Child Labour Eradicatioa Scheme was introduced in -

(A) 2nd December, 2011 (B) 15th August, 1994 (C) 15th August, 2001 (D) 14th November, 1971

63. RBI was nationalised on -

(A) 21st January, 1950 (B) 1st January, 1949 (C) 3rd July, 1966 (D) None of the above

64. Head-quarter of SIDBI (Small Industries Development Bank) is located in -

(A) New Delhi (B) Mumbai (C) Lucknow (D) Kolkata

65. Excise Duty stamps of Central Govt. are printed in the -

(A) Security printing Press, Hyderabad

(B) Currency Notes Press, Nasik Road

(D) Modernised Currency Notes Press

66. SBI Life Insurance Company is associated with -

(A) SBI and LIC of India

(B) SBI and Bank of Bangladesh

(C) SBI and Cardiff'S. A. of France

(D) None of the above

67. Export-Import Bank of India (EXIM) was established in -

68. Note of Rs.1000 was introduced by RBI in the year

69. Infrastructure Development Finance Company (IDFC) was established in India in the year -

70. Narasimham Committee (Second) is associated with

(A) Sugar Industry Reforms (B) Fertiliser Industry Reforms

(C) Banking Sector Reforms (D) None of the above

71. 'Fiscal Drag' implies -

(A) A situtation where inflation pushes income into higher tax bracket creep

(B) The situation of decrease in income taxes

(D) None of the above

72. Expenditure for Public Admistration is under -

(A) Plan expenditure (B) Non-plan expenditure (C) Profitable expenditure (D) None of the above

73. Fringe Benefit Tax (FBT) is levied on the employer for -

(A) The benefits that are usually enjoyed collectively by the employees and cannot be attributed to individual employees

(B) The benefits enjoyed by individual employees

(D) None of the above

74. Fiscal Policy is that part of Govt. policy which is -

(i) Concerned with raising revenue taxation and Govt. spending

(ii) In regard to taxation and spending program

(iii) Govt. spending policies that influence macro economic conditions

(iv) For dealing with the budget especially with taxation and borrowing.

Which one of the above statements is true ?

(A) Only (i) (B) (i) and (ii) (C) All of the above (D) None of the above

75. 'Credit Card' is an example of -

(A) Para-Banking Activities

(B) Non-Banking Activities

(D) None of the above

76. The First Development Financial Institution in lndia -

(A) IFCI (B) IDBI (C) SIDBI (D) ICICI

77. In LERMS (Liberalisation Exchange Rate Management System) -

(A) 60% of Foreign currency holding was permitted to be converted on the market rate, whereas remaining 40% on official rate

(B) 40% on Market rate and 60% on official rate

(D) None of the above

78. The time period for the 7th Five Year Plan was -

79. The share of agriculture and allied sectors in India's GDP in 2013-14 -

(A) 14.7% (B) 12.5% (C) 13.7% (D) 21%

80. NABARD was established in-

(A) 4th Five Year Plan period (FYP) (B) 5th FYP (C) 6th FYP (D) 8th FYP

81. National Income of India is measured by -

(A) C.S.O. (B) Planning Commission (C) Finance Ministry (D) R.B.I

82. The outline of second Five Year Plan was made by -

(A) B.N.Gadgil (B) V.K.R. V. Rao (C) P. C. Mahalanabish (D) C. K. Vakil

83. D. A. (Dearness Allowance) is paid on the basis of -

(A) Standard of living (B) Per capita Income (C) Consumer Price index (D) National Income

84. Growth with Equity and Distributive Justice was the main objective in

(A) 7th Five Year plan (B) 8th Five Year plan (C) 9th Five Year plan (D) 11th Five Year plan

85. Punjab National Bank was nationalised in

86. Which of the following is not a financial regulator

(A) IRDA (B) AMFI (C) PFRDA (D) SEBI

87. Which of the following plan is meant for constructing houses for rural people

(A) Indira Awaas Yojana

(B) Ambedkar Awaas Yojana

(D) None of the above

88. As per 13th Finance Gommission recommendations during 2010-15 transfers to the states from the Central tax pool, are expected to be

(A) Rs. 40,000 crores (B) Rs. 1,60,850 crores (C) Rs. 3,18,581 crores (D) Rs. 5,04,309 crores

89. C.S.O. has predicted the GDP growth of Indian economy in 2014-15 fiscal year will be -

(A) 4.9% (B) 5.5% (C) 3.3% (D) 7%

90. CENVAT is associated with -

(A) Direct tax (B) Income tax (C) Indirect tax (D) Service tax

91. Nirmal Bharat Abhiyan Yojana is associated with -

(A) The development of Bihar

(B) Community toilets in slum areas

(D) None of the above

92. Dalal Street is situated at

(A) Amritsar (B) New Delhi (C) Mumbai (D) Chandigarh

93. The number of approved share markets in India

(A) 19 (B) 20 (C) 23 (D) 24

94. Index "Residex" is associated with —

(A) Share prices (B) Mutual Fund Prices (C) Inflation index (D) Land prices

95. Devaluation of currency by a country is meant to lead to -

(i) expansion of import trade

(ii) promotion of import substitution

(iii) expansion of export trade

(iv) All the above Options :

(A) (i) only (B) (ii) and (iii) (C) (i) and (ii) (D) (iv)

96. Poverty in less developed countries largely due to

(A) Voluntary idleness

(B) Income inequality

(D) Lack of intelligence of the people

97. The Indian rupee is fully convertible in respect of

(i) Current account of balance of payments

(ii) Capital account of balance of payments

(iii) Gold

(iv) None of the above Options

(A) (i) only (B) Both (i) and (iii) (C) (iii) only (D) (i), (ii) and (iii)

98. The states debt does not include -

(A) Loans from State Bank of India

(B) Loans from Central Govt

(D) Treasury Bills issued to international financial institutions

99. Which of the following contributes the maximum earnings in Indian Railways —

(A) Passenger Earnings (B) Goods Traffic Earnings (C) Sundry Earnings (D) Other Coach Earnings

100. The percentage share of services in GDP at factor cost (at current prices) in 2013-14 in Indian Economy -

(A) 51 % (B) 47 % (C) 57 % (D) 60 %

***

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WBCS Main Examination Paper - V (The Constitution of India and Indian Economy including role and functions of RBI) - 2014

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