1.The Constitution of India provides for a single integrated Judicial system. What does this imply?

  1. Decisions made by higher court may be binding on the lower courts
  2. Appellate system exists in India
  3. It means all administration of Courts in the country is based on the same principle of Justice.

Which of the statements given below is/are correct?

a) 1 and 3

b) 3 Only

c) 2 and 3

d) 1 and 2

2. Consider the following statements with respect to the role of Judiciary in India:

  1. The Judicial system provides a mechanism for resolving disputes not only between the citizen and the government but also between two states and between the centre and state government.
  2. Every citizen of India can approach the Supreme Court or the High Court if they believe that their Fundamental rights are violated.
  3. Judiciary has the power to strike down any law

Which of the above statements is/are correct?

  1. a) 2 Only
  2. b) 1 and 2
  3. c) 1 and 3
  4. d) 1, 2 and 3

3.Consider the following Statements:

  1. According to Article 21 of the constitution, every person has a Fundamental Right to be defended by a lawyer
  2. Article 39A of the constitution places a duty upon the State to provide a lawyer to any citizen who is unable to engage one due to poverty or other disability
  3. The Criminal Justice system includes police, public prosecutor, defence lawyer, judge only.

 

Which of the above statements is/are correct?

  1. 1 and 2
  2. 1 and 3
  3. 1 Only
  4. 2 and 3

4.Which of the following prices is/are fixed by the central government?

  1. Maximum Retail Price (MRP)
  2. Minimum Support Price (MSP)
  3. Fair and Remunerative Price (FRP)

Select the correct answer using the codes given below.

  1. 1 and 2 only
  2. 1 and 3 only
  3. 2 only
  4. 2 and 3 only

 

5.Which of the following statements, regarding the Inflation Indexed Bonds (IIB’s) in India is/ are correct?

  1. Pertinence for IIB’s has grown due to inflation rate being higher than bank interest rate and also to deepen the domain of public debt.
  2. IIB’\s are based on Consumer Price Index (CPI)
  3. Foreign Institutional Investor’s (FII’s) are barred from purchasing IIB’s.

Select the correct answer using the codes given below.

  1. 1 only
  2. 1 and 2 only
  3. 1 and 3 only
  4. 1, 2 and 3

 

 

6.Consider the following statements:
1. India’s GDP is more than its GNP.
2. Net Factor Income from Abroad (NFIA) is positive for India.
Which of the statements given above is/are correct?
      a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

 

7.Which of the following interest rates is still regulated?
1. Savings account interest rate
2. Fixed deposit interest rate
3. Current account interest rate
  Select the correct answer using the codes given below.
a) 1 only
b) 1 and 2 only
c) 3 only
d) None

 

8.With reference to pulses, consider the following statements :
1. India is the largest producer of pulses.
2. India imports pulses to meet its domestic demand.
Which of the statements given above is/are correct ?
     a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

9.Which one of the following recommendations were given by Urjith Patel Committee on streamlining Monetary Policy of India?

  1. The setting up of five members Monetary Policy Committee to do the single task of reigning in inflation.
  2. Actions of the Monetary Policy Commitee should be held accountable in Parliament
  3. Range of plus-minus two percent will be provided over the target rate of four percent for inflation.

Select the correct answer using the codes given below

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1,2 and 3

 

10.Consider the following statements with regard to Consumer Protection Act, 1986:

  1. It applies to private, public and cooperative sectors.
  2. Its provisions are only compensatory in nature
  3. Complaints can also be filed for alleged deficiency in any service that is rendered free of charge or under a contract of personal service.

Which of the given above is/ are correct?

  1. 1 only
  2. 1 and 2 only
  3. 1 and 3 only
  4. 2 and 3 only

Answers:

1 c
2 b
3 d
4 d
5 a
6 a
7 d
8 c
9 d
10 a

 

Digiprove sealCopyright secured by Digiprove © 2017 IAS FUNDA