WBCS Preliminary Exam – INDIAN POLITY & ECONOMY-25 Marks

As per the syllabus of WBCS Exam, conducted by PSC WB, you can see that the questions of  WBCS Preliminary Exam – INDIAN POLITY AND ECONOMY will cover.Continue Reading WBCS Preliminary Exam – INDIAN POLITY AND ECONOMY-25 Marks.

Knowledge of the country‘s Political System, Panchayati Raj, Community Development and Planning in India, Questions on the Indian National Movement will relate to the nature and character of the Nineteenth Century Resurgence, Growth of Nationalism and Attainment of Independence. 25 marks are alloted to it out of 200. Continue reading WBCS Preliminary Exam – INDIAN POLITY AND ECONOMY-25 Marks.

Let us look at some of the question’s here

1>> The service sector of India generates more than:

• 33% of GDP
• 40% of GDP
• 42% of GDP
• 50% of GDP

2>> In the wake of the Stockholm Conference, the Government of India set up the National Committee on Environmental Planning and Coordination in the year:

• 1972
• 1980
• 1985
• 1990

3>> The Human Development Index was first introduced in the year:

• 1980
• 1990
• 1995
• 2000

4>> The Second Five Year Plan of India was based on the:

• Harrod-Domar Model
• Solow Model
• Mahalanobis Model
• Mahatma Gandhi’s Vision

5>> World Development Report is published by the:

• United Nations Organization
• Asian Development Bank
• World Bank
• World Trade Organization

6>> The largest contributor to the gross domestic savings of India is the:

• Household sector
• Private cooperative sector
• Public sector
• Foreign sector

7>> More than 50% of the working population in India depends on the:

• Primary sector
• Public sector
• Tertiary sector
• Industrial sector

8>>If withdrawal of a worker from employment does not create any output loss, this situation is known as:

• Search unemployment
• Voluntary unemployment
• Disguised unemployment
• Frictional unemployment

9>> The first railway line of India was operationalized in 1853 between:

• Howrah and Delhi
• Bombay and Thane
• Howrah and Bombay
• None of the above

10>> In terms of population India ranks second in the world, while in terms of area India ranks:

• First
• Second
• Seventh
• Eighth

11>>New agri-structural strategy created special benefit for:

• Small farmers
• Big capitalist farmers
• Agricultural laborers
• Intermediate traders

12>> In India the Repo Rate is announced by:

• The Ministry of Finance, Government of India
• The Prime Minister of India
• The Reserve Bank of India
• The President of India

13>> The Special Economic Zones Act was passed by Indian Parliament in 2005 and the Act came into force in:

• 2006
• 2009
• 2014
• 2016

14>> ‘Economic Reforms’ were introduced in India in:

• 1989
• 1990
• 1991
• 1992

15>> AGMARK is related to:

• Industry
• The Indian Railway
• Agricultural goods
• Agricultural finance

16>> The SEBI was given statutory recognition in 1992 on the recommendation of:

• The Chakraborty Commission
• The Chelliah Committee
• The Tendulkar Committee
• The Narasimham Committee

17>> The Reserve Bank of India was established in the year:

• 1930
• 1935
• 1947
• 1951

18>>Major part of tax revenue in India comes from:

• Direct taxes
• Indirect taxes
• Both Direct and Indirect taxes have equal share
• None of the above

19>> The Panchayati Raj system of India has:

• One-tier
• Two-tiers
• Three-tiers
• Four-tiers

20>>Disinvestment policy implies:

• Dissolving the public sector units (PSU)
• Selling the equities of the PSUs to the open capital market
• Increasing government share in the PSUs
• None of the above

21>> Which of the following was not included when the writing of the Constitution of India was completed on 29-11-1949?

• Fundamental Rights
• Fundamental Duties
• President’s Rule
• Emergency

22>>Structural reform of financial policy needs:

• SLR to increase and CRR to fall
• Both SLR and CRR to increase
• Cut down of easy loan to priority sectors
• None of the above

23>> ‘Law and Order’ is included in the:

• Concurrent List
• State List
• Union List
• None of the above

24>> The Chairman of the Rajya Sabha is:

• The leader of the opposition
• Nominated by the President of India
• The Vice-President of India
• Nominated by the Vice-President of India

25>> The first citizen of the Republic of India is:

• The Chief Justice of the Supreme Court
• The President of India
• The Prime Minister of India
• The Speaker of the Lok Sabha

26>>Apex bank for supplying agricultural credit is:

• Reserve Bank of India
• State Bank of India
• NABARD
• Both RBI and SBI

27>>Which one of the following sectors of Indian economy is state owned and its service sector is a public enterprise?

• Irrigation
• Agriculture
• Forestry
• Plantations

28>> Which is not the short term priorities of RBI as per Annual Report of RBI, 2014-1015?

• Focus on bringing down inflation
• Work with Government and Banks to speed up the resolution of distressed project
• Support new lending
• Ensure credit to PSUs

29>> Which country stood second with respect to Foreign Direct Investment flow to India during 2013-14?

• USA
• Japan
• Mauritius
• UAE

30>> Which sector is estimated highest with respect to FDI during 2014-15 in India?

• Manufacturing
• Financial Services
• Retail and Wholesale trade
• None of the above

31>> The gross fiscal deficit in 2014-15 as percent to GDP of India—

• 6.9%
• 5%
• 3%
• None of the above

32>> The Planning Commission of India had introduced the decentralized planning in the country for the first time in India during ____________ Five Year Plan?

• Sixth
• Seventh
• Tenth
• None of the above

33>> India took Annual Plans from—

• 1969 – 1971
• 1966 – 1969
• 1968 – 1970
• None of the above

34>> During first Five Year Plan the national income was increased by _________.

• 5%
• 10%
• 18%
• None of the above

35>> NITI Aayog is set up by—

• A resolution by Union Cabinet
• Amending the Constitution of India
• Both of the above
• None of the above

36>> What is not true about New Suez Canal Project?

• It would turn the zone into a global trade center
• The project started in August, 14 and completed in August, 15
• It comprises 72km of new channel and bypasses
• It is the shortest sea-link between Asia and Africa

37>> What is the number of members in the Public Accounts Committee of the Lok Sabha?

• 7
• 10
• 15
• 20

38>> National Development Council was set up in—

• 1950
• 1951
• 1952
• 1954

39>> How many Finance Commissions have submitted Reports so far?

• Nine
• Ten
• Eleven
• Twelve

40>> The number of subjects enumerated in the concurrent list for purpose of Legislation is—

• 40
• 47
• 50
• 57

41>> Any money bill cannot be introduced in the Parliament without the consent of the—

• Prime Minister of India
• Speaker of the Parliament
• President of India
• Union Finance Minister

42>> Which of the following taxes is within the jurisdiction of the Central Government?

• Corporation Tax
• Professional Tax
• Land Revenue
• Excise on alcoholic liquors

43>>Which of the following problems is not encountered in the Indira Gandhi Canal command area?

• Increase in soil salinity
• Progressive waterlogging
• Aeolian setting of the canal
• Decline in water supply

44>>The age of retirement of the Supreme Court Judge is:

• 70 years
• 65 years
• 62 years
• 60 years

45>> Find out the statement which is false:

Financial Structure reform needs—

• Fall in government budget deficit
• Increase in profitability of economic sectors
• Reduce inflationary pressure
• Increase in the balance of payment deficit

46>>World Trade Organization (WTO) directed LDCs including India to:

• Impose export subsidy
• Bring in exchange control measures
• Increase liberalization and co-operation in foreign trade sector
• None of the above

47>>Existence of huge black money creates:

• Increase in the inequality of income
• Decrease in the quality of output
• High living standard for all
• Both the 2^nd and 3^rd

48>>Point out the false statement:

India entered into financial structure reform by—

• Increasing import restriction
• Import liberalization
• Opening of domestic market to the world trade
• Devaluation of exchange rate

49>>Tertiary sector activities include:

• Cottage industries
• Mining activities
• Construction activities
• Infrastructure services

50>>Land reforms largely benefitted the economic condition of:

• Agricultural labourers
• Bargadars
• Small farmers
• Co-operative farmers

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