IAS, IPS, KAS, KSP,KEA, All Competitive Exams Important Current affairs

IAS, IPS, KAS, KSP,KEA,  All Competitive Exams Important Current Affairs 

1. Consider the following statements about various types of political systems and choose the right answer by using the codes given below-

1. A federation, also known as a federal state, is an association of sovereign member states that, by treaty, have delegated certain of their competences (or powers) to common institutions, in order to coordinate their policies in a number of areas, without constituting a new state on top of the member states.

2. A unitary state is generally a state with only a single, centralised, national tier of government. However, unitary states often also include one or more self-governing regions. The difference between a federation and this kind of unitary state is that in a unitary state the autonomous status of self-governing regions exists by the sufferance ofthe central government, and may beunilaterally revoked.

3. Indian polity is Federal polity in character though the Constitution of India proclaims India as a “Union of states”.

4. All the features of a typical Federal polity are present in Indian political system.

Which of the statements given ahove
is/are correct?
(a) Only 1, 2, 3
(b) Only 2 and 3
(c) Only 2, 3 and 4

(d) All of the above

2. Which one of the following is/ are a feature(s) common to both the Indian Federation and the American Federation?
1. A single citizenship
2. Three lists in the Constitution.
3. A Federal Court to resolve the Federal
4. Independent and supreme judiciary

(a) Only 3
(b) Only 3 and 4
(c) Only 2, 3 and 4
(d) All of the above

3. Which of the following is correct about the Parliamentary Democracy?

1. Executive is a part of the legislature.
2. There is a ceremonial Head of State having just having nominal powers.
3. There is great amount ofresponsibility of the Executive to the Legislature.
4. Stability is the hallmark of the parliamentary system when compared to the Presidential system.Choose the right answer by using the
codes given below

(a) Only 1 and 2
(b) Only 2 and 3
(c) Only 2, 3 and 4
(d) All of the above

04. The interest rate which RBI charges on its long term lending is known as:

A. Repo rate.

B. Bank rate.
C. Reverse repo rate
D. Statutory Liquidity Ratio (SLR).

05. Budget deficit can be reduced by:

1. decreasing the direct taxes
2. increasing expenditure on subsidies andwelfare programmes
3. implementation of GST Select the correct answer using the codegiven below.

A. 1 and 2 only

B. 2 and 3 only

C. 1 and 3 only

D. 3 only

06. An investor who provides financial backing to the entrepreneurs for ‘starting their business’ is known as:

A Angel Investor

B. Venture Investor

C. Qualified Financial Investor(QFIs)

D. ForeignFinacial Investor

07. Economic Survey is published by:

A. Ministry of Finance

B. NITIAayog


D. Central Statistical Office (CSO).

08. The basic objective of Indian Planning are:

l)Economic growth 2)Self reliance

3)Employment Generation.

4)Population Growth.

A. 1,2 and4.

B. 1,2 and 3.

C. 2 and 3.

D. 1,2,3 and 4.

08. With reference to agriculture sector in  India,consider the following statements:

1. Among the all sectors in India,agriculture employs maximumworkforce.

2. Due to the shift from subsistence tocommercial agriculture, the averageland holding has increased in India. Which of above sentences is/are correct.
A. 1 only.

B. 2 only

C. 1 and 2 only.

D. None.

09. Why indirect taxes are termed as regressive taxing mechanism?

A. They are charged at higher rate than direct taxes.

B. They are charged same for all income groups.

C. They are not charged same for all income groups.

D. None of the above statements are correct.

10. Consider the following statements regarding GST.

1)It is the source based taxation system.

2)It is single indirect tax which removes all other indirect taxes and cessation charges. Which of the above sentences is/are correct.

A. 1 only

B. 2 only

C. Both 1 and 2.

D. Neither 1 nor 2.

11. Which of the following measures can lead to decline in inflation?

1. Reduction in government expenditure

2. Increase in direct taxes

3. Reduction of indirect taxes Select the correct answer using the code given below.

A. 1 only

B. 2 only

C. 3 only

D . 1,2,And 3

12. What is the difference between Real GDP and Nominal GDP Real GDP 

1) Real GDP  values are adjusted for inflation while nominal GDP values are not.

2)Nominal GDP value is usually higher than  Real GDP value.

A. 1 only.

B. 2 only.

C. 1 and 2 only

D. None

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