General Studies

1. Devalution means –

Ans:- To reduce the value of home currency in respect of  others currency .

2. The first type of co- operative societies established in India was –

Ans:- Credit Societies.

3. Which currency has got the highest value when compared with Indian Rupee ?

Ans:- Kuwaiti Dinar (KWD). IKWD = Rs. 284.86

4. How many recognized Stock exchanges in India?

Ans:- Six recognised stock exchanges are found in India.

1. Bombay Stock Exchange (BSE)
2. National Stock Exchange (NSE)
3. Calcutta Stock Exchange (CSE)
4. India International Exchange (India INX)
5. Metropolitan Stock Exchange (MSE)
6. NSE IFSC
7. Dalal street is situated at –

Ans:- Mumbai.

6. RBI was national in –

Ans:-  1949.

7. Which are the quantitative measure for credit control?

Ans:-  (i) Open Market operation

                        (ii) Statutory Liquidity Ration Variation

                        (iii) Bank Rate

8. The basis of International Trade are –

Ans:- Absolute advantage and competitive advantage.

9. National Housing Bank is a controlled enterprise of –

Ans:- RBI.

10. Who was the Chairman of 12^th Finance Commission?

Ans:- C. Rangrajan.

11. Increase in net RBI credit for Central Government represents –

Ans:- Monetised Deficit.

12. Which Country had first Industrial Revolution?

Ans:- England

13. Individual cannot open his account in –

Ans:- RBI.

14. The reason of continuous decline in average holding size in India are –

Ans:- (i) Law of Inheritance

         (ii) Desire of Land ownership

15. Which are the direct tax?

Ans:- (i) Income tax

         (ii) Corporate tax

        (iii) Property tax

        (iv) Capital gains tax

        (v) Inheritance tax

16. The objective of “Sangam Yojana” is –

Ans:- To ensure welfare of handicapped.

17. To which community/ organisation maximum goods are exported from India ?

Ans:- EEC.

18. Under Prime Minister’s Integrated Urban Poverty Eradication Programme ( PMIUPEP) those urban areas were included which had a population –

Ans:- Between 50,000 to 1 Lakh.

19. Name a Poverty Eradication Programme in which Banks played the dominant role –

Ans:- IRDP (Integrated Rural Development Programme).

20. During 1991-92 which organisation / scheme became an instrument in unearthing black money in the economy ?

Ans:- NHB.

21. SISRY (Swarna Jayanti Shahri Rozgar Jojana) belongs to –

Ans:- Urban Area.

22. What is “Hawala” ?

Ans:- Illegal transactions of foreign exchange .

23. Which plan was suspended one year before the time schedule?

Ans:- Fifth Plan (1974 – 79)

24. Which steps improve Adverse Balance of Payment?

Ans:- Devaluation

25.  Which are the indirect tax?
    Ans:- Sales Tax, Value Added Tax (VAT), Goods and Service Tax (GST)
26. The Headquarter of Asian Development Bank (ADB) is at—
    Ans:- Manila
27. The aim of Differentiated Interest Scheme was to provide concessional loans to—
    Ans:- Weaker Section of Society
28. What is ‘Stagflation’?
    Ans:- Inflation with depression
29. Which Indian plan ensured high growth rate as compared with targeted growth rate?
    Ans:- Eighth Plan
30. Which car is produced by Hundai Motor Company?
    Ans:- Accent, Sonata, Santro.
31. Which committee was constituted for reforms in tax-structure?
    Ans:- Chelliah Committee
32. Narasimham committee was related with—
    Ans:- Banking Structure Reforms
33. The Slogan ‘Garibi Hatao’ was included in—
    Ans:- Fifth Plan
34. KVIC (Khadi and Village Industry Commission) was established in—
    Ans:- Second Plan
35. The main security guard of International Trade is—
    Ans:- WTO
36. Which Committee is constituted in the year 1991 for reforms in tax Structure in India?

Ans. Raja Chelliah Committee

37. Narasimham Committee was formed for what?

Ans:- Banking Sector reforms.

38. Gadgil committee was formed for what purpose?

Ans. Panchayati Raj System.

39. Kelkar Committee was formed for what?

Ans. To Study and evaluate the extant Public Private Partnership (PPP) model in India

40. Who was the first Chairperson of the National Human Rights Commission?

Ans. Justice Ranganath Mishra.

41. Which Commissions has identified 27 modes of corruption?

Ans. Central Vigilance Commission.