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Sample Practice Paper for IAS (Pre.) 2014" Test - 7"

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Q1. Consider the following statements on regards to Presidential Power.
1) President appoints the Prime Minister and the other Minister & they hold office during his pleasure.
2) President can appoint an inter-state council to promote centre-state and inter-state coperation.

Which statements given above is / are Correct.

A. 1 only

B.  2 only

C.   Both 1 & 2

D. Neither 1 nor 2

Q2 . Consider the following statements.
1) Pocket Veto, that is, taking action on the bill passed by the legislature.
2) Suspective Veto, which can be over riden by the legislature with an ordinary Majority.
3) Absolute Veto, that is, withholding of assent to bill passed by the legislature.

Select the correct answer from the code given below

A.  1, 3 only

B.  1, 2 only

C. 1, 2, 3 only

D.  2, 3 only

Q3. Consider the following statements.
1) No Money Bill imposing tax shall be introduced in the parliament expect on the recommendation of the President.
2) The Railway Budget ws separated from the general Budget in 1921 on the recommendation of Ac worth Committee.
3) The Rajya Sabha should refuse the Money Bill to the Lok Sabha within fourteen days.

Select the correct answer from the code given below.

A. 1 only

B. 2 only

C. 2, 3 only

D. All of the above

Q4. Consider the following statements.
1) The Parliament is not authorised to curtail the jurisdiction and powers of the Supreme Courts.
2) The retired judge of the Supreme Court can be judge of Criminal Court.
3) The pension of the judges of the Supreme Court are not charged on the consolidated fund.

Which of the statement given above is / are correct.

A. 1, 2 only

B. 1 only

C.  1, 3 only

D.  All of the above

Q5. Consider the following statements.
1) A candidate should have domicile of that state where the contesting an election for the Rajya Sabha.
2) A candidate sponsored by a recognised political paryt only one proposer is required in election.
3) Rajya Sabha uses the open ballot system.

Which of the statements given above is / are correct.

A. 1 only

B. 2 & 3 only

C. 1 & 3 only

D.  All of the above

Q.6 Consider the following statements.
1) Balwantray Mehta Committee was appointed in 1957.
2) Ashok Mehta Committee submitted its report in 1977.
3) L.M. Singhvi Committee submitted its report in 1987.
4) G.V.K. Rao committee submitted its report in 1986.

Which of the statement given above is / are correct.

A. 1, 2 & 3

B. 1, 2 & 4

C. 1, 3 & 4 only

D.  1 & 4

Q.7  Which of the following are true of the provisions of the 74th Amendment Act on Municipalities.
1) Ward Committees for wards with population of two lakhs.
2) The state governor may authorise them to levy collect and appropriate taxes.
3) The Municipal council for smaller urban area.
4) The twelfth schedule contains 20 functional items for municipalities.

Which of the statements given above is /are correct.

A. 1, 3 & 4

B. 1, 2 & 4

C. 3 only

D.  3 & 4

Q8. A : Assertion : The UPSC’s function is not to decide but to advice.
R : Reason : UPSC is a constitutional body.

Select the correct code.

A. Both A and R are true is the correct Explanation

B. Both A and R true but R is not a correct explanation of A.

C. A is true but R is false

D. A is false but R is true

Q9.  Which of the following Inter-state water disputes tribunals is not correct.

A. Krishna Water Disputes Tribunal (1969-1976).

B.  Narmada Water Disputes Tribunal (1969-1979).

C.  Tung Bhadra Water Dispute Tribunal (1979-1984).

D. Cauvery Water Disputes Tribunal (1990-2007)

Q.10 Consider the following statements about RTI Act 2005:
1) Only a citizen of India can request for information.
2) No fees will be charged from people living below the poverty line for the information.
3) Information should be provided by the PIO within a time limit of 45 days from the date of application.

Which of the statements given above is /are correct.

A. 1 & 2 only

B.  1 & 3 only

C.  2 & 3 only

D.  All of the above

Q.11 Consider the following statements.
1) Nominal GDP refers to the current year production of final goods & services valued at current year.
2) Real GDP refers to the current year production of goods & service valued at base year prices.
3) In estimating GDP, only final marketable goods & services are considered.

Which of the above statements is / are true.

A. 1 & 2 only

B.  2 & 3 only

C.  1 & 3 only

D.  1, 2 & 3

Q.12 Consider the following statement about UN Human Development index.
1) It was developed in 1990.
2) Pakistani economist Mahbub ul Haq developed the HDI.
3) Life expectancy, literacy rate & GDP at PPP in US Dollar are the three basic dimension of HDI.

Which of the above statements is / are true

A. 1, 2 & 3

B.  2 & 3

C. 1 & 2

D.  1 & 3

Q.13  Consider the following statements about indicative planning (in Indian Context).
1) It is characterised by an economy where the private sector is given a substantial role.
2) Indicative plan was adopted in 8th five year plan.

Which of the above statements is / are true.

A.  1 only

B.  Both 1 and 2

C.  Neither 1 nor 2

D.  2 only

Q.14  In 1944 leading businessmen & industrialist (JRD Tata, GD Birla etc.) put
forward A plan of Economic Development for India in the name of

A.  Bombay Plan

B.  Janshree Plan

C.  Sarvoday Plan

D. None of these

Q.15 Consider the following statements.
1) The money printed by the RBI is called high powered money or reserve money.
2) Australia was the first country to enact a fiscal responsibility Act in 1994.
3) FRBM Act (India) was notified in 2004.
4) Fiscal deficits may causes macro economic instability.

Which of the above statements is / are true

A. 1 & 2

B.  2, 3, 4

C.  1, 3 & 4

D.  1, 2, 3 & 4

Q.16  Consider the following statements.
1) SLR & CRR, are not the part of monetary policy.
2) CRR is adjusted to manage liquidity & inflation.
3) A purchase of government securities injects money in the market. Which of the options are incorrect:

A. 2 & 3

B. 1, 2 & 3

C.  1 & 3

D.  3 only

Q.17  Consider the following statements about Shariah index.
1) Shariah-based equity investments do not allow investors to invest in heavily indebted.
2) BSE launched its Shariah index in December 2010.
3) New Shariah index (BSE) will known as BSE Tasis Shariah - 50 index.

Which of the above statements is / are true.

A. 1 & 2

B.  2 & 3

C.  1, 2 & 3

D.  2 only

Q.18  Consider the following statements.
1) Constitution Amendment 115 is related to GST.
2) Octroi is a main source of Income for most of the local bodies in India.

A.  1 & 2

B.  1 only

C.  2 only

D. Neither 1 nor 2

Q19.  Consider the following statements about DTC Bill 2010.
1) The Bill will replace the Income Tax Act 1961 & the Wealth Tax Act 1957.
2) Companies will be taxed at 35% of business income.
3) Non profit organisations are taxed at 25%.
4) The wealth tax exemption limit is increased from 15 lack to 1 crore.

Which of the above statements is / are true

A. 1, 2, 3 & 4

B.  1 & 4

C.  2 & 3

D.  1 & 3

Q20.  Consider the following statements about national investment fund (NIF).
1) NIF CEO will be administratively attached to the PMO.
2) 75% of the annual income of NIF will be used in finance selected social sector scheme.

Which of the above statements is / are true.

A.  Both 1 & 2

B.  2 only

C.  1 only

D.  Neither 1 nor 2

Q21. Consider the following statements.
1) Actual contributed equity plus retained earnings is called Tier I capital.
2) NBFC (Non Banking Financial Companies) are largely referred to as shadow banking.
3) Rate at which banks lend to the best customers is called SLR.
Which of the above statements is / are true.

A.  1, 2 & 3

B.  1 & 2

C.   1 & 3

D.  2 & 3

Q22. Consider the following statements.
1) SARFAESI (Securitization & Reconstruction of Financial Assets & enforcement of Security Interest Act (2002) has given unprecedented powers
to banks, financial institutions & asset reconstruction securitization companies to take over management control of a loan defaulter or even capture its assets.
2) GARR (General Anti Avoidance rule) is related to curb black money. Which of the above statements is / are true

A. 1 only

B.  2 only

C. Neither 1 nor 2

D.  Both 1 & 2

Q.23  Consider the following statements.
1) The idea to create this Super regulatory body was first mooted by Raghu- Ram Rajan & Deepak Parekh Committee.
2) This body is seen as an India's initiative to be better prepared to prevent recession in future.
3) Union Finance Minister will be the chairperson of this body.

Above statements are related to which body

A. FRBM

B.  GARR

C. FSDC

D. IRDA

Q.24 Consider the following statements about Multidimensional Poverty index.
1) The MPI was created for the 20th Anniversary edition of the UNDP Human Development Report & uses different factors to determine poverty
beyond income based estimation.
2) MPI has three dimension, health, eduction & standard of living.
3) According to MPI 55% of Indians are poor.

Which of the above statements is / are true.

A. All of the above

B.  1 only

C.  1 & 2

D.  2 & 3

Q.25 Consider the following statements about Global innovation index.
1) Global innovation index is a barometer of the countries, wealth, knowledge & competitiveness.
2) The methodology involves rating the countries on 5 inputs.
3) European Institute for Business Administration & confederation of Indian Industry made the innovation index.
4) In the 2011 GII report, India is ranked 62.
Which of the above statements is / are true.

A.  2 & 3

B.  1 & 2

C. 1 & 3

D. All the above

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