GA Revision – 3

Topic to be covered: Indian Economy, 10. Devaluation of a currency means:

General Science – Physics, Chemistry and (a) reduction in the value of a currency vis-a-vis major
Biology internationally traded currencies
(b) permitting the currency to seek its worth in the
international market
1. The National Income is equal to:
(c) fixing the value of the currency in conjunction with
(a) Net National Product + Taxes
the movement in the value of a basket of pre-
(b) Net National Product – Indirect Taxes + Subsidies
determined currencies
(c) Net National Product – Direct Taxes + Subsidies
(d) fixing the value of currency in multilateral
(d) Gross National Product - Subsidies + Taxes
consultation with the IMF, the World Bank and
2. What does C stands for in PCA used in Banking?
major trading partners
(a) Cost (b) Comparative
11. If the Cash Reserve Ratio is lowered by the RBI, its
(c) Corrective (d) None of these
impact on credit creation will be to:
3. Development expenditure of the Central government
(a) increase it (b) decrease it
does not include?
(c) no impact (d) None of these
(a) Expenditure on economic services
12. Deficit Financing means that the government borrows
(b) Defence expenditure
money from the:
(c) Grant to states
(a) RBI (b) Local Bodies
(d) Expenditure on social and community services
(c) Big businessmen (d) IMF
4. India opted for 'Mixed Economy' in:
13. National Sample Survey Organisation (NSSO) was
(a) First Five Year Plan
established in:
(b) Second Five Year Plan
(a) 1950 (b) 1951
(c) Industrial Policy of 1948
(c) 1952 (d) 1947
(d) Framing of the Constitution
14. The former name of State Bank of India was:
5. The income tax in India is:
(a) Central Bank of India
(a) Indirect and Progressive
(b) United Bank of India
(b) Direct and Proportional
(c) Imperial Bank of India
(c) Direct and Progressive
(d) People‟s Bank of India
(d) Indirect and Proportional
15. In India, Inflation is measured by the:
6. Open Market Operations of a Central Bank are sale
(a) National Income Deflation
and purchase of:
(b) Consumers Price Index for agriculture workers
(a) Foreign Currencies
(c) Consumers Price Index for urban non-manual
(b) Corporate Securities
workers
(c) Trade Bills
(d) Wholesale Price Index number
(d) Government Securities
16. Increase in Gross National Product without inflation is
7. Among Indian Economics who had done pioneering
called:
work on National Income?
(a) Growth with stability
(a) P.N. Dhar (b) Jagdish Bhagwati
(b) Infrastructure of a perfect economy
(c) V. K. R. V. Rao (d) Prof. Shenoi
(c) Deflation (d) None of these
8. Why is the Inflation described as a regressive form of
17. When was the National Bank for Agriculture and Rural
taxation?
Development set up?
(a) It results into devaluation of currency
(a) 1975 (b) 1980
(b) It affects exports & makes imports attractive
(c) 1982 (d) 1990
(c) It affects the poor & vulnerable sections more
18. Currency notes and coins of one rupee and lower
(d) It may cause recession
denominations are issued by:
9. Who compute the National Income in India?
(a) Reserve Bank of India
(a) Central Statistical Organisation
(b) State Bank of India
(b) Ministry of Finance
(c) Ministry of Finance
(c) Planning Commission
(d) Government of India
(d) None of these
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 GA Revision – 3
19. Who was the first Indian Governer of the Reserve (b) Maximum Fiduciary System
Bank of India? (c) Fixed Minimum Reserve System
(a) C. D. Deshmukh (b) Sachindra Ray (d) Proportional Reserve System
(c) S. Mukherjee (d) None of these 29. When development in economy takes place, the share
20. The first indigenous bank which came into existence in of tertiary sector in National Income:
1894 was: (a) first falls and the rises
(a) Central Bank of India (b) first rises and then falls
(b) Punjab National Bank (c) keeps on increasing
(c) Reserve Bank of India (d) remains constant
(d) Imperial Bank of India 30. Who had estimated National Income in India first?
21. A mixed economy works primarily through the: (a) Dadabhai Naoroji (b) R. C. Dutt
(a) market mechanism (c) V. K. R. V. Rao (d) R. Gadgil
(b) central allocative machinery 31. Which among the following subjects is not an aim of
(c) market mechanism regulated by Government the monetary policy of the Reserve Bank of India?
policy (a) Giving impetus to economic development
(d) market mechanism guided by Government (b) Direct credit with objective criteria
participation and planning (c) To control pressure of inflation
22. „Golden Handshake Scheme‟ is associated with: (d) To ensure social justice
(a) inviting foreign companies 32. Which one of the following organization released “Ease
(b) private investment in public enterprises of Doing business report” every year?
(c) establishing joint enterprises (a) WTO (b) IMF
(d) Voluntary retirement (c) WORLD BANK (d) UNCTAD
23. The New Symbol of Indian Rupee is a blend of: 33. Which one of the following is not a feature of
(a) Devanagiri Ra Stagflation?
(b) Roman R (a) High input cost
(c) Devanagiri Ra and Roman R (b) Excess in aggregate demand
(d) None of these (c) High price level
24. Which of the following is related to secondary sector? (d) High unemployment level
(a) Manufacturing (b) Transport 34. Quaternary sector implies:
(c) Trade (d) All of these (a) Activities related to mining and quarrying
25. The first devaluation of Indian currency took place in: (b) Activities related to manufacturing
(a) 1947 (b) 1949 (c) Fishing activities
(c) 1950 (d) 1951 (d) Research and developmental activities
26. Which one of the following factors can cause the Cost- 35. Planning Commission has been replaced by which of
Push Inflation in an economy? the given institutions?
(a) Oil price shocks in the world (a) Finance Commission of India
(b) Fluctuation in the production of food-grains (b) Investment Commission of India
(c) Imposition of high commodity taxes (c) NITI Aayog
(d) All of the above (d) None of these
27. Under flexible exchange rate system, the exchange 36. The concept of Economic Planning in India is derived
rate is determined by: from which country?
(a) The Central Bank of the country (a) USA (b) UK
(b) The forces of demand and supply in the foreign (c) Russia (d) France
exchange market 37. ___________ is a systematic record of all the
(c) The price of gold economic transactions between one country and rest
(d) The purchasing power of currencies of the world.
28. The Reserve Bank of India issues currency notes under (a) Balance of trade.
the: (b) Balance of transactions.
(a) Fixed Fiduciary System (c) Budget.

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(d) Balance of payments (a) Sodium Carbonate (b) Alum
38. An individual‟s actual standard of living can be assessed (c) Potassium Permanganate (d) Lime
by: 48. Which of the following helps in clotting of blood?
(a) Gross National Income (a) Vitamin B1 (b) Vitamin B2
(b) Net National Income (c) Vitamin D (d) Vitamin K
(c) Per Capita Income 49. Which of the following is the largest part of the human
(d) Disposable Personal Income brain?
39. Increase in net RBI credit for Central Government (a) Medulla Oblongata (b) Cerebellum
represents: (c) Cerebrum (d) None of these
(a) Monetised Deficit (b) Fiscal Deficit 50. Which of the following vitamins promote healthy
(c) Revenue Deficit (d) Budgetary Deficit functioning of eyes in human beings?
40. Which of the following does not fall among the (a) Vitamin B (b) Vitamin C
functions of the Reserve Bank of India (RBI)? (c) Vitamin A (d) Vitamin D
(a) Regulation of Currency 51. Which of the following is the organ that filters blood in
(b) Control of Credit human body?
(c) Banker to the Government, Banker‟s Bank and (a) Heart (b) Thymus
lender of the last resort (c) Spleen (d) Liver
(d) Accepting deposits and granting loans and 52. What are the components of the nucleus in an atom?
advances to public (a) Protons and Neutrons
41. Washing Soda is the common name for: (b) Protons and Electrons
(a) Sodium Carbonate (c) Only protons (d) Only neutrons
(b) Calcium Bicarbonate 53. The atoms of different elements which have the same
(c) Sodium Bicarbonate mass number but different atomic number are known
(d) Calcium Carbonate as which of the following?
42. The inert gas which is substituted for nitrogen in the (a) Isotopes (b) Isobars
air used by deep sea divers for breathing, is: (c) Isotones (d) None of these
(a) Argon (b) Xenon 54. Which of the following works with calcium to build
(c) Helium (d) Krypton strong bones?
43. The gases used in different types of welding would (a) Vitamin D (b) Vitamin C
include: (c) Phosphorus (d) Iron
(a) Oxygen and Hydrogen 55. Which of the following are the principle constituents of
(b) Oxygen, Hydrogen, Acetylene and Nitrogen Biogas?
(c) Oxygen, Acetylene and Argon (a) Methane and Carbon Dioxide
(d) Oxygen and Acetylene (b) Butane and Hydrogen Sulphide
44. When an iron nail gets rusted, iron oxide is formed: (c) Ethylene and Carbon Dioxide
(a) without any change in the weight of the nail (d) Methane and Carbon Monoxide
(b) with decrease in the weight of the nail 56. Which of the following is known as „Wisdom teeth‟?
(c) with increase in the weight of the nail (a) First molar (b) Third molar
(d) without any change in colour or weight of the nail (c) Incisor (d) Premolar
45. Galvanised iron sheets have a coating of: 57. Which one among the following most correctly
(a) Lead (b) Chromium determines the atomic number of an element?
(c) Zinc (d) Tin (a) Number of Protons
46. The chemical (Ethyl Mercaptan) added to the (b) Number of Protons and Electrons
otherwise odourless LPG cooking gas for imparting a (c) Number of Ions
detectable smell to the gas is a compound of: (d) Number of Nucleons
(a) Bromine (b) Fluorine 58. Which law is involved in the act of cleaning a carpet by
(c) Chlorine (d) Sulphur beating it with a stick?
47. Permanent hardness of water may be removed by the (a) First Law of Motion
addition of: (b) Second Law of Motion

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(c) Law of Conservation of Energy (a) Optometer (b) Machmeter
(d) Law of Conservation of Mass (c) Cryometer (d) Otoscope
59. Which part of the plant gets carbon dioxide from the 70. Formation of Cations occurs by:
air for photosynthesis? (a) Loss of Electron (b) Loss of Proton
(a) Root Hair (b) Stomata (c) Gain of Electron (d) Gain of Proton
(c) Leaf Veins (d) Sepals 71. Bleaching Powder is used in drinking water as a/an?
60. Turning milk into curd is a: (a) Antiseptic (b) Coagulant
(a) physical change (b) physical property (c) Disinfectant (d) Antibiotic
(c) chemical change (d) chemical property 72. The oxygen in photosynthesis is released from:
61. When carbon dioxide gas is passed through lime water, (a) CO2 (b) Chlorophyll
it turns lime water into ________. (c) H2O
(a) milky (b) blue (d) Both CO2 and H2O
(c) silver (d) golden 73. ___________ secretes both an enzyme and a
62. Which of the following waves do not require any kind hormone.
of medium to propagate? (a) Pancreas (b) Adrenal
(a) Sound (b) Earthquake waves (c) Thyroid (d) Hypothalamus
(c) Light waves (d) Water surface waves 74. The loudness of sound depends upon______.
63. A change of state directly from solid to gas without (a) Velocity (b) Amplitude
changing into liquid state (or vice versa) is called: (c) Pitch (d) Wavelength
(a) Evaporation (b) Sublimation 75. A dynamo converts _______________.
(c) Diffusion (d) Condensation (a) Mechanical Energy into Electrical Energy
64. Which of the following substance is not a good (b) Mechanical Energy into Sound Energy
conductor of electricity? (c) Electrical Energy into Mechanical Energy
(a) Copper (b) Aluminium (d) None of these
(c) Rubber (d) Mercury 76. A camera uses a __________ to form an image on a
65. The tendency of a liquid drop to contract and occupy piece of film at the back.
minimum area is due to: (a) Diverging Lens (b) Concave Lens
(a) Surface Tension (b) Viscosity (c) Convex Lens (d) None of these
(c) Density (d) Vapour Pressure 77. Which gas is used to dilute oxygen in the gas cylinders
66. Fat can be separated from milk in a cream separator used by divers?
because of: (a) Helium (b) Nitrogen
(a) Centripetal Force (b) Centrifugal Force (c) Carbon Dioxide (d) None of these
(c) Gravitational Force (d) Cohesive Force 78. Which of the following alloys is used to made safety
67. For a body float in a liquid with some portion outside, fuse-wire?
the weight of the liquid displaced by the fully immersed (a) Alloy of Nickel and Chromium
body: (b) Alloy of Copper and Tin
(a) Should be less than the weight of the body (c) Alloy of Iron and Nickel
(b) Should be equal to the weight of the body (d) Alloy of Tin and Lead
(c) Should be more than the weight of the body 79. The element with the highest electrical conductivity is:
(d) None of these (a) Copper (b) Gold
68. What is the principle by which a cooling system (c) Silver (d) Aluminium
(radiator) in a motor car works? 80. A glass container cracks when very hot tea is poured
(a) Convection (b) Conduction into it. A probable reason for this is the:
(c) Radiation (a) Low Specific Heat of Glass
(d) Both Conduction & Radiation (b) Low Thermal Conductivity of Glass
69. Which instrument is used for testing the refractive (c) High Thermal Conductivity of Glass
power of the eye? (d) None of these

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