Q. Which of the following is a key component of a government budget?
A.
Monetary policy
B.
Fiscal deficit
C.
Interest rates
D.
Inflation targeting
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Solution
Fiscal deficit is a key component of a government budget as it indicates the difference between the government's total revenue and total expenditure.
Correct Answer:
B
— Fiscal deficit
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Q. Which of the following is a key component of successful judicial reform?
A.
Increased funding for prisons
B.
Public participation in the reform process
C.
Limiting access to legal representation
D.
Reducing the number of courts
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Solution
Public participation in the reform process is a key component of successful judicial reform, ensuring that reforms meet the needs of the community.
Correct Answer:
B
— Public participation in the reform process
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Q. Which of the following is a key feature of electoral integrity?
A.
Transparency
B.
Secrecy
C.
Partisan oversight
D.
Limited access to information
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Solution
Transparency is a key feature of electoral integrity, ensuring that the electoral process is open and accountable.
Correct Answer:
A
— Transparency
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Q. Which of the following is a key feature of Environmental Conservation Acts?
A.
Tax incentives for pollution
B.
Regulation of emissions
C.
Subsidies for fossil fuels
D.
Deregulation of industries
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Solution
A key feature of Environmental Conservation Acts is the regulation of emissions to control pollution and protect the environment.
Correct Answer:
B
— Regulation of emissions
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Q. Which of the following is a key feature of the federal structure of India?
A.
Single citizenship
B.
Division of powers between the Centre and states
C.
Supremacy of the Parliament
D.
Unitary system of governance
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Solution
The division of powers between the Centre and states is a key feature of the federal structure of India.
Correct Answer:
B
— Division of powers between the Centre and states
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Q. Which of the following is a key feature of the Public Distribution System (PDS) in India?
A.
Direct cash transfers to farmers
B.
Distribution of food grains at market prices
C.
Targeted distribution of subsidized food grains
D.
Import of food grains from other countries
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Solution
The PDS is designed to provide subsidized food grains to eligible households, ensuring access to essential food items.
Correct Answer:
C
— Targeted distribution of subsidized food grains
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Q. Which of the following is a key function of the Reserve Bank of India (RBI) in disaster management?
A.
Issuing new currency notes
B.
Regulating foreign exchange
C.
Providing financial assistance to affected sectors
D.
Setting interest rates
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Solution
The RBI plays a crucial role in disaster management by providing financial assistance to sectors affected by disasters, ensuring economic stability.
Correct Answer:
C
— Providing financial assistance to affected sectors
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Q. Which of the following is a key function of the UN General Assembly?
A.
Enforcing international law
B.
Electing non-permanent members of the Security Council
C.
Conducting military operations
D.
Issuing binding resolutions
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Solution
One of the key functions of the UN General Assembly is to elect non-permanent members of the Security Council.
Correct Answer:
B
— Electing non-permanent members of the Security Council
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Q. Which of the following is a key function of the United Nations (UN)?
A.
To enforce international law
B.
To provide a platform for dialogue among nations
C.
To conduct military operations
D.
To manage global financial systems
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Solution
One of the key functions of the UN is to provide a platform for dialogue among nations to promote peace and cooperation.
Correct Answer:
B
— To provide a platform for dialogue among nations
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Q. Which of the following is a key function of the WTO's Dispute Settlement Body?
A.
To impose sanctions on member countries
B.
To resolve trade disputes between member countries
C.
To conduct trade negotiations
D.
To monitor human rights violations
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Solution
The WTO's Dispute Settlement Body is responsible for resolving trade disputes between member countries.
Correct Answer:
B
— To resolve trade disputes between member countries
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Q. Which of the following is a key indicator of inclusive growth?
A.
Per capita income
B.
Unemployment rate
C.
Poverty rate
D.
Inflation rate
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Solution
The poverty rate is a key indicator of inclusive growth as it reflects the proportion of the population that is unable to meet basic needs.
Correct Answer:
C
— Poverty rate
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Q. Which of the following is a key indicator used in economic planning?
A.
Gross Domestic Product (GDP)
B.
Consumer Price Index (CPI)
C.
Unemployment rate
D.
All of the above
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Solution
Gross Domestic Product (GDP), Consumer Price Index (CPI), and unemployment rate are all key indicators used in economic planning.
Correct Answer:
D
— All of the above
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Q. Which of the following is a key principle of the Responsibility to Protect (R2P) doctrine?
A.
Sovereignty is absolute
B.
States have a responsibility to protect their populations
C.
Military intervention is always justified
D.
Humanitarian aid should be limited
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Solution
The Responsibility to Protect (R2P) doctrine asserts that states have a responsibility to protect their populations from genocide, war crimes, ethnic cleansing, and crimes against humanity.
Correct Answer:
B
— States have a responsibility to protect their populations
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Q. Which of the following is a key principle of the WTO?
A.
Most-favored-nation treatment
B.
Collective security
C.
Sovereign equality
D.
Universal human rights
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Solution
Most-favored-nation treatment is a key principle of the World Trade Organization.
Correct Answer:
A
— Most-favored-nation treatment
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Q. Which of the following is a macroeconomic benefit of Environmental Conservation Acts?
A.
Increased pollution
B.
Sustainable economic growth
C.
Higher energy costs
D.
Reduced foreign investment
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Solution
Sustainable economic growth is a macroeconomic benefit of Environmental Conservation Acts as they promote long-term environmental health.
Correct Answer:
B
— Sustainable economic growth
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Q. Which of the following is a mandatory provision for the State Legislature under the 73rd Amendment?
A.
Establishment of Municipalities
B.
Elections for Panchayats
C.
Reservation of seats for SC/ST
D.
All of the above
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Solution
All of the above are mandatory provisions for the State Legislature under the 73rd Amendment.
Correct Answer:
D
— All of the above
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Q. Which of the following is a microeconomic effect of Environmental Conservation Acts?
A.
Increased consumer prices
B.
Higher unemployment rates
C.
Improved resource allocation
D.
Decreased competition
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Solution
Environmental Conservation Acts can lead to improved resource allocation by promoting efficient use of natural resources.
Correct Answer:
C
— Improved resource allocation
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Q. Which of the following is a microeconomic effect of robotics in production?
A.
Increased competition among firms
B.
Higher unemployment rates across all sectors
C.
Decreased consumer choice
D.
Uniform pricing across industries
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Solution
Robotics can lead to increased competition among firms as they adopt new technologies to improve efficiency and reduce costs.
Correct Answer:
A
— Increased competition among firms
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Q. Which of the following is a potential consequence of a high budget deficit?
A.
Lower interest rates
B.
Increased public investment
C.
Higher inflation
D.
Decreased government spending
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Solution
A high budget deficit can lead to higher inflation as the government may print more money to finance its deficit.
Correct Answer:
C
— Higher inflation
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Q. Which of the following is a potential effect of robotics on productivity?
A.
Decrease in overall productivity
B.
Increase in production costs
C.
Increase in efficiency and output
D.
Reduction in technological innovation
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Solution
Robotics can significantly increase efficiency and output, leading to higher productivity levels in various industries.
Correct Answer:
C
— Increase in efficiency and output
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Q. Which of the following is a primary function of the United Nations?
A.
Promoting free trade
B.
Maintaining international peace and security
C.
Regulating global finance
D.
Controlling nuclear weapons
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Solution
One of the main purposes of the UN is to maintain international peace and security as outlined in the UN Charter.
Correct Answer:
B
— Maintaining international peace and security
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Q. Which of the following is a primary source of funds for commercial banks?
A.
Government grants
B.
Deposits from customers
C.
Foreign investments
D.
Stock market profits
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Solution
Deposits from customers are a primary source of funds for commercial banks.
Correct Answer:
B
— Deposits from customers
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Q. Which of the following is a quantitative tool of monetary policy used by the RBI?
A.
Open market operations
B.
Moral suasion
C.
Credit control
D.
Public debt management
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Solution
Open market operations are a quantitative tool used by the RBI to control the money supply by buying or selling government securities.
Correct Answer:
A
— Open market operations
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Q. Which of the following is a quantitative tool of monetary policy?
A.
Moral suasion
B.
Open market operations
C.
Bank rate
D.
Cash Reserve Ratio
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Solution
The Cash Reserve Ratio (CRR) is a quantitative tool used by the RBI to control the amount of funds that banks can lend.
Correct Answer:
D
— Cash Reserve Ratio
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Q. Which of the following is a requirement for a bill to become law in India?
A.
Approval by the President
B.
Approval by both houses of Parliament
C.
Publication in the Official Gazette
D.
All of the above
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Solution
A bill must be approved by both houses of Parliament and receive the President's assent to become law.
Correct Answer:
D
— All of the above
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Q. Which of the following is a source of income for the Panchayati Raj institutions?
A.
Grants from the State Government
B.
Taxes levied by the Panchayat
C.
Loans from financial institutions
D.
All of the above
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Solution
Panchayati Raj institutions can generate income from various sources including grants from the State Government, taxes levied by the Panchayat, and loans from financial institutions.
Correct Answer:
D
— All of the above
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Q. Which of the following is a tool used by the RBI to control money supply?
A.
Cash Reserve Ratio (CRR)
B.
Fiscal Policy
C.
Public Debt Management
D.
Foreign Direct Investment
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Solution
The Cash Reserve Ratio (CRR) is a tool used by the RBI to control the money supply by regulating the amount of funds banks must hold in reserve.
Correct Answer:
A
— Cash Reserve Ratio (CRR)
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Q. Which of the following is a tool used by the Reserve Bank of India (RBI) to control money supply?
A.
Open market operations
B.
Fiscal policy
C.
Taxation
D.
Public expenditure
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Solution
Open market operations involve the buying and selling of government securities to regulate the money supply.
Correct Answer:
A
— Open market operations
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Q. Which of the following is an example of an automatic stabilizer?
A.
Government infrastructure projects
B.
Unemployment benefits
C.
Tax cuts
D.
Public investment programs
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Solution
Unemployment benefits are an example of an automatic stabilizer, as they automatically increase during economic downturns to support individuals.
Correct Answer:
B
— Unemployment benefits
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Q. Which of the following is NOT a benefit of irrigation?
A.
Increased crop yield
B.
Drought resistance
C.
Soil salinization
D.
Improved food security
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Solution
Soil salinization is a negative consequence of improper irrigation practices, where excess salts accumulate in the soil, adversely affecting crop growth.
Correct Answer:
C
— Soil salinization
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