Q. 'LIBRA' an alternative of existing crypto-currencies like bitcoin is being developed by -
1) Google
2) Microsoft
3) Facebook
4) Mozila Firefox
Q. Which Indian woman has been India's full time Minister of Finance?
1) Indira Gandhi
2) Nirmala Sitharaman
3) Sushma Swaraj
4) Mamta Benerji
Q. Which Indian social theorist had argued that the idea of a homogenized Hinduism was constructed through the cultural arrogance of post-enlightenment Europe?
1) Ashis Nandy
2) Partha Chatterjee
3) T. K. Oommen
4) Rajni Kothari
Q. Sub-prime crisis is a term associated with which one of the following events?
1) Economic recession
2) Political instability
3) Structural adjustment programmes
4) Growing social inequality
Q. Which one of the following is not a change brought about by the Indian Independence Act of 1947?
1) The Government of India Act, 1935 was amended to provide an interim Constitution
2) India ceased to be a dependency
3) The Crown was the source of authority till new Constitution was framed
4) The Governor-General was the constitutional head of Indian Dominion
Q. Which one of the following is not a correct statement regarding the provision of Legislative Council in the State Legislature?
1) The States of Bihar and Telangana have Legislative Councils
2) The total number of members in the Legislative Council of a State shall not exceed one-third of the total number of members in the Legislative Assembly
3) One-twelfth of all members shall be elected by electorates consisting of local bodies and authorities
4) One-twelfth of all members shall be elected by graduates residing in the State
Q. Which one of the following is notcorrect about the Panchayats as laid down in Part IX of the Constitution of India?
1) The Chairperson of a Panchayat needs to be directly elected by people in order to exercise the right to vote in the Panchayat meetings
2) The State Legislature has the right to decide whether or not offices of the Chairpersons in the Panchayats are reserved for SCs, STs or women
3) Unless dissolved earlier, every Panchayat continues for a period of five years
4) The State Legislature may by law make provisions for adult of accounts of the Panchayats
Q. A market situation when many firms sell similar but not identical products is termed as -
1) Perfect competition
2) Imperfect competition
3) Monopolistic competition
4) Oligopoly
Q. According to John Maynard Keynes, employment depends upon -
1) aggregate demand
2) aggregate supply
3) effective demand
4) rate of interest
Q. Which one of the following canons of taxation was not advocated by Adam Smith?
1) Canon of equality
2) Canon of certainty
3) Canon of convenience
4) Canon of fiscal adequacy
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