1. Externality theory is the basic theory of the following branch of Economics–
(A) Macro Economics (B) Environomics
(C) Fiscal Economics (D) International Economics
Ans : (D)
2. Diamonds are priced higher than water because–
(A) consumers do not buy them at lower prices.
(B) they are sold by selected firms with monopolistic powers.
(C) their marginal utility to buyers is higher than that of water.
(D) their total utility to buyers is higher than that of wafer.
Ans : (C)
3. Transboundary pollution (or) Acid rain is caused by–
(A) Nitrogen oxide and sulphur dioxide (B) Carbon monoxide
(C) Carbon dioxide (D) Hydrocarbon
Ans : (A)
4. “Functional Finance” is associated with–
(A) Abba ‘P’ Lerner (B) Adolph Wogner
(C) Adam Smith (D) Adams
Ans : (A)
5. Of the following land uses, which is restricted to Special Economic Zones?
(A) Information Technology Companies (B) Educational Institutions
(C) Free Trade Centres (D) Marketing Centres
Ans : (C)
6. Who among the following enjoys the rank of Cabinet Minister in Union Cabinet?
(A) Deputy Chairman of Planning Commission
(B) Judge of Supreme Court
(C) Secretary to Government of India
(D) Political Advisor to PM
Ans : (A)
7. Who gave the title of ‘Mahamana’ to Madan Mohan Malaviya ?
(A) Bal Gangadhar Tilak (B) Dadabhai Nauroji
(C) Gopal Krishna Gokhale (D) Mahatma Gandhi
Ans : (D)
8. The vacancy of the office of the President must be filled within–
(A) 3 months(B) 6 months
(C) 12 months (D) 1 month
Ans : (B)
9. In which part of the Indian Constitution, the Fundamental Duties are enshrined?
(A) IV (B) IV-A
(C) IV-B(D) V
Ans : (B)
10. Who described the Government of India Act, 1935 as a new charter of bondage?
(A) B. R. Ambedkar (B) Mahatma Gandhi
(C) Rajendra Prasad (D) Pt. Jawaharlal Nehru
Ans : (D)
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