1- Clause (4) of Article 15 has been added to the Constitution by (A) The Constitution First Amendment Act. (B) The Constitution Second Amendment Act (C) The Constitution Fourth Amendment Act. (D) The Constitution Sixth Amendment Act. Answer: (A) 2- The State shall endeavour to secure for the citizens a Uniform Civil Code throughout the…
1. When can the President use his discretion in appointing the Prime Minister ? (a) When no political party enjoys a clear majority in the Lok Sabha. (b) Only when the Lok Sabha has been dissolved. (c) In all circumstances (d) In no circumstances Answer: When no political party enjoys a clear majority in the…
1. The Governor of a State is appointed by the President on the advice of the (a) Prime Minister (b) Vice- President (c) Speaker of the Parliament (d) Chief Justice of Supreme court Answer: Prime Minister 2. The President gives his resignation to the (a) Chief Justice of India (b) Parliament (c) Vice President (d)…
1) gains such as prizes won, lotteries etc. is not be included in the estimation of national income. a) Illegal Money b) Windfall c) Transfer d) Sale of Asset 2) GDP by expenditure method at market prices = C+ I + G + (X – M), where (X-M) is net export which can be positive…
1. As income increases, the consumer will go in for superior goods and consequently the demand for inferior goods will fall. This means: (a) income elasticity of demand less than one. (b) negative income elasticity of demand. (c) zero income elasticity of demand. (d) unitary income elasticity of demand. 2. When income increases the money spent…
1. China’s Great Wall Motors (GWM) is set to acquire the manufacturing plant of which automobile company located in Maharashtra? [A] General Motors [B] Morris Garage [C] Volkswagen [D] Nissan Answer: A [General Motors] Brief: China’s leading automobile manufacturer, Great Wall Motors (GWM) has signed an agreement with the American manufacturer General Motors (GM) to acquire…
1. Which company has recently partnered with the Union Ministry of Housing and Urban Affairs for the implementation of DAY-NULM scheme? [A] Ebay [B] Walmart [C] Flipkart [D] Microsoft Correct Answer: C [Flipkart] Notes: A Memorandum of Understanding (MoU) was signed between Flipkart and the Union Ministry of Housing and Urban Affairs for the implementation…
1. In which year was the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) established? [A] 1958 [B] 1962 [C] 1949 [D] 1957 Answer: A [1958] Explanations : National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is an apex organization of marketing cooperatives for agricultural produce in India, under the Ministry of Agriculture, Government…
1. Which among the following sponsors Regional Rural Banks(RRBs)? [A] National Commercial Banks [B] Private banks [C] Reserve Bank of India [D] Co-operative Banks Answer: A [National Commercial Banks] Explanation: Regional Rural Banks are formed under RRB act. RRBS can be sponsored by commercial banks ,PSU ,private sector banks with share capital participation by central and…
1.India’s economy is now considered to be a service sector driven economy. The service sector is often categorized into Market services and non-market services. Which of the following is an example of non-market services? [A] Lodging [B] Catering [C] Repair [D] Health Answer : D [Health] Notes: Market services Market services are provided by market producers. Market…
