f 12 objective questions for competitive...

F 12 Objective Questions for competitive exams 2017

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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.

http://epaperbeta.timesofindia.com/Article.aspx?eid=31816&articlexml=Services-Trade-Set-for-Reforms-Push-27092016017013


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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


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


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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875. The amount allocated for agricultural sector for 2017-18 is :

a) 10 lakh crore

b) 10,000 crore

c) 100 crore


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


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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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 %


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



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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

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