Post on 25-May-2018
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801. Currency status in January 2017 , as given to Parliamentary
Committee by the Governor of Reserve Bank of India
802. The measures taken by NTPC have reduced average energy
charges by 3.6% from Rs 2.06 per unit in September to Rs 1.78 in
December, 2016. Therefore, the cost of purchase by state discoms has
been lowered by:
a) Rs 300 crore per month
b) Rs.400 crore per month
c) Rs. 350 crore per month
d) Rs. 450 crore per month
803. To reduce costs further NTPC also swapped supply sources to
bring down transportation time and freight costs. Which of the
following is correct:
a) It swapped coal source for Mouda plant from Mahanadi Coal
fields to South Eastern Coalfields and Western Coalfields.
b) For Ramagundam, coal source it changed from Singareni
Collieries Company to MCL
c) For Simhadri unit the source has been switched from SCCL to
ECL‟
d) All the above three are correct.
804. Which of the following steps have been taken to reduce energy
charges, cutting average fuel cost by:
a) by reducing coal import through improved domestic supply
b) by reducing transportation costs
c) by adding „fixed cost‟of cast of plant and machinery in the
final tarrif.
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d) By formulating uniform quality norms for equipment for
timely and cost-effective procurement
e) All the above.
Ujjwal Discom Assurance Yojana has been adopted by 15 major
states that account for 90% of the accumulated losses.
805. For financial inclusion, the central government in 2014 launched
which of the following social security programmes
a) the Pradhan Mantri Suraksha Bima Yojana (PMSBY), for Rs
12 p.a. for accidental insurance of Rs. 2 lakh.
b) the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
involving payment of Rs. 330 per annum for life insurance of
Rs. 2 lakh.
c) the Atal Pension Yojana (APY) for 50% premium for five
years.
d) All the above three schemes.
806. Which of the following profile is correct in respect of the total 52
ISIS youths arrested in India in 2016 :
a) Only 13 were from lower income group, while 39 were from
middle and upper middle income groups,
b) 4 were above 40 years of age, 28 were 18 to 25 years old, and
20 were between 25 to 40 years.
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c) 85% were Sunnis while 15% were converts from Christianity
and Hinduism.
d) Only 4 were from Uttar Pradesh, 12 from Maharashtra, 11
from Kerala, 10 from Telengana and 5 each from Bengal and
Karnataka.
e) All the four above are correct.
807. The Constitution of India provides that States can enact a law
against a Central law in respect of :
a) Traditional Sports
b) Cruelty to animals
c) Tribal Forest rights
d) None of the above
808. The share of Services in India‟s GDP is
a) 60%
b) 50%
c) 40%
d) 65%
809. The share of agriculture in GDP is
a) 13%
b) 15%
c) 17%
d) 20%
810. The Indian American community in the United States is roughly
a) 1 % of total population
b) 10% of total population
c) 2 % of total population
d) 20% of total population
811. Logistics Exchange Memorandum of Agreement ( Lemoa) has be
signed by India with:
a) Russia
b) China
c) Japan
d) United States of America
812. Which of the following are the core of services trade of India :
a) Software technology
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b) Leisure travel
c) Medical tourism
d) All the above.
813. Measure taken to encourage digital payments by small traders and
businesses with a turnover of up to Rs 2 crore :
a) Reduction in existing rate of deemed profit of 8% under section
44AD of the I T Act, to 6% for total turnover or gross receipts
received through banking or digital channel for the financial year
2016-17.
b) This means that portion of sales for which payment is received in
digital means, the profit will be considered at 6% for purposes of
tax during 2016-17. The portion for which cash is used, will
continue to be at 8% in section 44AD.
c) Legislative amendment in this regard would be carried out
through the Finance Bill, 2017.
d) Under the current tax law, profit is deemed to be 8% of turnover
for assesses such as individuals.
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814. Shortest and longest inaugural speeches by President of United
States.
815. Cooperative Banks were debarred from continuing to accept
deposits under Pradhan Mantri Garib Kalyan Deposit Scheme
(PMGKDS) after 20th January 2017 because :
a) Accounting irregularities discovered in cooperative banks
b) Some cooperative banks had deposits in old currency in
excess of the physical holding of cancelled Rs 500 and
Rs.1,000 currency notes. For example, accounts showed
deposit of Rs.250 crore, while physical stock was of Rs
150 crore only.
c) A number of cooperative banks came under the scanner
of the income tax authorities and the enforcement
directorate for helping their customers to launder money.
d) All the above reasons are correct.
816. National Tourism Day, to raise awareness on importance of
tourism for the national economy, is celebrated on:
a) 26th January
b) 25th January
c) 26th November
d) 25th February
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817. The travel and tourism industry in India contributed a total of
$124.8 billion to GDP in 2015. What per cent was this of the GDP
a) 6%
b) 4%
c) 7%
d) 5%
818. The top countries from where the tourists visit India include
a) United States of America
b) Bangladesh
c) United Kingdom
d) All the three above.
819. In the Global Gender Gap Index 2016, that measures inequality in
economic participation between men and women in matters of
participation, opportunities, educational attainment, health and
survival, and political empowerment, India‟s position is:
a) 87th
b) 77th
c) 80th
d) 60th
820. The number of „Institutes of Eminence‟ with world class teaching
and research, to be established by Ministry of Human Resources are:
a) 20 with a student teacher ratio of 1: 20 and a proposed budget of
Rs. 60 crore.
b) 50 with a proposed budget of Rs. 500 crore
c) 50 with a maximum enrolment of 15, 000 students
d) None of the above.
821. Wheat
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822. The abbreviation PETA , that was much in the news, in January
2017 , stands for
a) People for Ethical Treatment of Animals
b) Prevention of Exploitation and Torture of Animals
c) Prevention of Extra breeding and Termination of Animals
d) None of the above
823. In the cyber world, a major concern is the several incidents of data
hacking by hacker groups. This has forced authorities to bolster
security mechanisms especially for sensitive data. This new domain is
called:
a) Cyber security for identifying loopholes (CSIL)
b) GST Suvidha Providers (GSPs)
c) Application Service Providers (ASPs)
d) All the above
824. The Government of India, through disinvestment, has raised in
2016-17, which of the following amount:
a) around Rs. 30,000 crore
b) around Rs. 40,000 crore
c) around Rs 50,000 crore
d) around Rs 60,000 crore
825. Jan Dhan Accounts have an upper limit of :
a) Rs. 50,000
b) Rs 10,000
c) Rs. 20,000
d) Rs. 2. 5 lakh
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826. Which framework largely looks at fiscal deficit to bring it to 3%
of gross domestic product (GDP) in FY18:
a) The Fiscal Responsibility and Budget Management (FRBM) Act
b) The annual Economic Survey
c) The Parliamentary Committee on Expenditure
d) All the above
827. In the budget for 2016-17, the fiscal deficit target was at
a) 3.5% of GDP
b) 4.5% of GDP
c) 2.5% of GDP
d) 3 % of GDP
828. Central Government expenditure on subsidies, which is a revenue
expenditure, has been reduced through better targeting from
a) 2.3% of GDP in 2013-14 to around 1.7% in 204-15
b) 3% of GDP in 2013-14 to 2%
c) 3.2% of GDP to 2.2%
d) It has not reduced, but has increased.
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829. Growth multiplier effect results from increase in:
a) Revenue expenditure
b) Capital expenditure
c) Subsidy expenditure
d) All the above
830. Which of the following is NOT a part of revenue expenditure
a) Increase in salaries of government servants
b) Increase in subsidies
c) Increase in rates of interest on borrowing
d) Investments in roads and other infrastructure
831. „Multiplier effect‟ of investment means:
a) „Multiply the economy's overall growth‟.
b) Increase in rate of inflation
c) Increase in prices of consumer goods
d) Increase in small savings
832. In United Kingdom, the national referendum on Brexit in 2016,
Britons voted by 52-48 percent to:
a) leave the European Union
b) allow Scotland to leave United Kingdom
c) Exit from Northern Ireland
d) None of the above
833. In January, 2017, President Trump ended the United States policy
of free trade through an executive order by which :
a) US has withdrawn from an Asia Pacific accord by scrapping
the Trans Pacific Partnership
b) Has renegotiated the North American Free Trade Agreement
(NAFTA) that has dominated commerce in the Western
Hemisphere for 22 years.
c) Directed for a renegotiation of the NAFTA accord with
Mexico and Canada
d) All the above.
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834. The uncertainties for the budget of 2016-17 include:
a) Unpredictability of global oil prices
b) Long tailspin of demonetisation as in January 2017
c) Sparse domestic economic data after demonetisation
d) Inclusion of Railways Budget as part of national budget after 92
years
e) All the above
835. In 2016, Oil prices dropped to a 12-year low of
a) $28 for a barrel
b) $ 38 for a barrel
c) $ 25 for a barrel.
d) $ 48 for a barrel
836. India imports more than
a) 70% of its crude oil
b) 60% of its crude oil,
c) 40% of its crude oil
d) 50% of its crude oil
837. International crude per barrel oil price in 2016 were as follows:
1. Jan = $ 28.08, Feb = $ 30.53, March = $36.42, April = $ 39.88
2. May = $ 45.01, June = $ 46.96, July = $ 43.52, August = $
44.38
3. Sept. = $ 44.48 , Oct. = $ 49.25 , Nov = $ 52.74 , Dec. = $ 53.18
4. January 2017 = $ 54.24 .
838. The third largest energy consumer in the world, since 2015, is
a) India
b) Japan
c) China
d) United States
839.
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840. General Anti-Avoidance Rule (GAAR) tax on investments after
April, 1, 2017, proposal sent for vetting
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841. Indian Railways is the world's :
a) Fourth largest railroad network.
b) Second largest railroad network.
c) Fifth largest railroad network.
d) The largest railroad network.
842. Limit to expenditure during elections as in January, 2017 :
843. The existing policy on investment in railways (January 2017)
allows for :
a) 100% foreign ownership.
b) 90% foreign ownership
c) 80% foreign ownership
d) 70% foreign ownership
844. Which of the following is a UNESCO world heritage site.
a) Darjeeling Himalayan railways
b) Kangra Valley railways
c) Nilgiri mountains railways
d) Kalka and Shimla railways
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845. Every day the Indian Railways :
a) Covers 6,800 stations and runs about 7,000 trains
b) Covers 8,800 stations and runs about 8,000 trains
c) Covers 9,800 stations and runs about 9,000 trains
d) Covers 10,800 stations and runs about10,000 trains
846. Which of the following have been given Payment Bank license by
the Reserve Bank of India , up to January 2017:
a) India Post Payment Bank
b) Bharti Airtel
c) Paytm
d) All the three above.
847. Payment Banks can accept deposits up to a maximum of :
a) One lakh rupees
b) Two lakh rupees
c) Four lakh rupees
d) Five lakh rupees
848. Aadhaar is a :
a) 12-digit Aadhaar number.
b) 14-digit Aadhaar number.
c) 16-digit Aadhaar number.
d) 10-digit Aadhaar number.
849. Which of the following have been banned by the Supreme Court of
India and other courts :
a) Jallikkattu (Tamil Nadu)
b) Bullock cart race (Maharashtra)
c) Kambala (Karnataka)
d) All the above.
850. At the age of 35 years , Roger Federer has become the oldest tennis
player after 45 years, to win in 2017, his :
a) 18th Grand Slam
b) 17th Grand Slam
c) 16th Grand Slam
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d) 15th Grand Slam
851. Countries of origin of Refugees in the USA
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852. Global Trade and GDP growth and India‟s Year On Year (Y0Y)
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853. Supreme Court has appointed interim administrators of the BCCI,
to implement the Lodha reforms in totality and to ensure that the IPL,
India's signature cricket tournament, is held on schedule. Which of
the following are included in the interim administrators :
a) Vinod Rai,
b) Ram Guha,
c) Diana Edulji and
d) Vikram Limaye
e) All the four above
854. What is the percentage of contribution of agriculture, in which
almost 50% to economic output:
a) 14%
b) 15%
c) 16%
d) 17%
855. India's agricultural growth , from a sluggish 1.2% in drought-hit
2015-16, is expected to rise in 2016-17 to :
a) 4.1%
b) 2.1%
c) 1.5%
d) 3.5%
856. Monsoon was 12% below average in 2014-15 and in 2015-16, it
was :
a) 14% below average
b) 14% above average
c) 4% below average
d) 4% above average
857. The fiscal deficit target for 2017-18 has been at
a) 3.2% of GDP
b) 3.5% of GDP
c) 3.1% of GDP
d) 3.0% of GDP
858. Factors reviving rural consumption after demonetisation include
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859. The government plans to merge state oil companies to
create an integrated oil major that could top $100 billion in
market value . The top eight listed state oil firms have a market
value of $108 billion. the $50 billion of Reliance Industries, $70
billion of Russia's Rosneft -which is buying Essar's refinery -and is
closer to BP's $115 billion.,
860. In the budget 2017-18 rural sector allocation has been raised by
a) 12%
b) 14%
c) 15%
d) 23%
861. Progress of gram panchayats from the baseline will be monitored
through
a) A composite poverty index.
b) The Rural development department of the State government
c) The Central Ministry of Rural Development
d) The voters who elect the Gram panchayat
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862. The target for rural housing under Pradhan Mantri Awas Yojna by
2019 is :
a) 1 crore
b) 1.5 crore
c) 2 crore
d) 2. 5 crore
863. The goal of Budget 2017 was to “transform, energise and clean”
the Indian economy, promoting growth with job creation without
undermining tenets of fiscal consolidation. The structure of ten
themes was adopted to simplify the process, to convey the cross
sector measures which promote overall growth, generate employment
while bringing greater transparency and good governance.
864. Service Tax on Insurance has been exempted in budget 2017in
respect of :
a) Armed Forces
b) Crops
c) Farmers
d) Scheduled Castes and Scheduled Tribes
865. As part of financial inclusion drive, the number of Jan Dhan
accounts opened up to January 2017 is :
a) 26.68 crore
b) 25.68 crore
c) 26.58 crore
d) 36.68 crore
866. The basic customs duty, excise countervailing duty and special
additional duty has been waived in budget of 2017 on :
a) miniaturised PoS (point of sale) card reader
b) miniaturised PoS fingerprint readers,
c) scanners iris scanners, and on components used to make these
devices.
d) All the above
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867. M-SIPS ( Modified Special Incentives Package Scheme) and EDF
(Electronics Development Fund)
868.
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869. The rural road network is being built at the rate of new roads
built
a) 133 km per day
b) 130 km per day
c) 135 km per day
d) 136 km per day
870. To promote transparency in financial transactions a limit on cash
transactions has been placed at above
a) Rs 3 lakh per day
b) Rs 30 lakh per day
c) Rs 3 thousand per day
d) Rs. 3 lakh per week.
871. Which of the following steps have been taken in Budget of 2017 to
increase transparency in political funding
a) Cash donation limit is Rs.2000 and above it donation to be
through cheques
b) Election Bonds to be issued by Reserve Bank of India
c) Every party to have one single account for election donations
d) All the above
872. Reduction of corporate tax rates from 30% to 25% for companies
with turnover of less than
a) Rs 50 crore
b) Rs. 100 crore
c) Rs 150 crore
d) Rs 500 crore
873. The allocation for Mahatma Gandhi National Rural Employment
Guarantee Scheme (MGNREGS) for 2016-17
a) 48,000 crore
b) 35,000 crore
c) 40,000 crore
d) 50,000 crore
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874.
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875. The amount allocated for agricultural sector for 2017-18 is :
a) 10 lakh crore
b) 10,000 crore
c) 100 crore
d) None of the above
876. Railways in the first merged budget
877. How Fiscal Deficit is covered:
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878. Violence erupted in Nagaland in February 2017 because of
a) state government's decision to provide 33% reservation to
women in civic bodies
b) Demand for the resignation of chief minister TR Zeliang.
c) Tribal organisations said that the 33% women's reservation
would infringe on the special rights guaranteed by Article
371(A) of the Constitution.
d) All the three above
879. After demonetisation, the normal time limit for tax authorities to be
able to re open accounts is :
a) Last six years
b) Last 10 years
c) Last five years
d) Last seven years
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880. Small savings schemes like Public Provident Fund (PPF), Kisan
Vikas Patra (KVP) and National Savings Certificate (NSC) have
attracted average inflows of:
a) Rs. 25,000 crore
b) Rs. 30,000 crore
c) Rs. 26,000 crore
d) Rs. 27,000 crore
881. The biggest initiative under the Skill India programme is the launch
of SANKALP (Skill Acquisition and Knowledge Awareness for
Livelihood Promotion Programme) at an investment of Rs 4,000
crore to provide market relevant training to 350 million youths. 100
India International Skills Centres that will conduct advanced courses in
foreign languages to help youngsters prepare for overseas jobs.
882. Which of the following taxes, that was expected to be abolished,
has been extended from 10 years to 15 years, in the budget of 2017 :
a) Minimum alternate tax (MAT) at 18.5% on business income.
b) Surcharge of 10% on individual income above 10 lakh
c) Surcharge on business income above 5 crore
d) None of the above
883. The National Testing Agency in the Budget of 2017 is for
a) for entrance to higher education institutes
b) for improving quality of pharmaceuticals
c) for testing the quality of grains being supplied through Public
Distribution System
d) to testing of electronic gadgets
884. international terrorism include
885.
886. Tapping the rural market for consumer goods
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887.
Global flows of foreign direct investment (FDI) fell 13% in 2016 to an
estimated $1.52 trillion as global economic growth remained weak and world
trade volumes posted anaemic gains, says the latest Unctad Global
Investment Trends Monitor
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888.
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889. ASMITA project is concerned with :
a) All Schools Monitoring Individual Tracing Analysis , is to keep
track of the progress of every student funded with public money
b) Monitoring under Sarva Shiksha Abhiyaan
c) Unified District Information for Education ( UDISE)
d) STS (student tracking system) in other states to SATS (student
achievement tracking system)
890. The percentage of India‟s workforce in the unorganised sector is:
a) 70%
b) 75%
c) 80%
d) 90%
891. For a GDP growth of 8 % the percentage of savings needed is:
a) 40%
b) 30%
c) 20%
d) 10%
892. Which of the following is a beneficial impact of shifting the date
of budget to 1st February from 2017:
a) The Parliament will be able to enact the Financial Bill into an
Act, by the end of March in place of end of May.
b) This will enable starting of expenditure from April
c) The actual expenditure
d) All the above
893. Due to direct benefit transfer of subsidy, the percent of subsidy to
GDP has reduced for FY2016 to:
a) 1.9%
b) 1.73%
c) 1.62 %
d) None of the above
894. The growth in tax revenue for FY 2016 is:
a) 16.9 %
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b) 17%
c) 12%
d) No growth
895. The presentation of a separate budget was started as a convention
in :
a) 1924
b) 1951
c) 1955
d) 1957
896. The Railway Budget has been made a part of the Union Budget
from 1st February 2017 after:
a) 92 years
b) 62 years
c) 52 years
d) 102 years
897. Which of the following is NOT correct about the advantages of
having a combined Union Budget:
a) A better overall view of the government‟s fiscal situation.
b) The duplication in the time consuming process of parliamentary
approval for two budgets is avoided.
c) For creation of synergy through combined development of all
the modes of land transport ( railways, roadways, waterways)
end to end services and development could be implemented.
d) The railways need very large amounts of investments for
modernization that can be facilitated through the Union Budget.
e) The constitutional and legal requirement will be fulfilled
898. The ministry of railways is expected to be given the status of:
a) A commercially run department
b) A public sector company registered under the Companies Act
c) An autonomous organisation of the government
d) None of the above
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899. The highways sector has developed faster than other infrastructure
sectors because it was able to get:
a) higher budgetary resource allocation
b) mobilise borrowings through National Highways Authority of
India
c) mobilise Foreign Direct Investment through Public Private
Partnership projects
d) All the above.
900. The total number of persons employed in the government sector
include:
a) 3.3 crore in GOI
b) 5.3 crore in Railways and PSUs
c) 6.3 crore in State governments
d) 2.3 crore in local bodies
e) All the above