CAPF (AC) 2018 (Paper-1) (Question 101-125)

Total Questions: 25

1. In May 2018, which one of the following countries has relocated its embassy in Israel from Tel Aviv to Jerusalem?

(a) Iran
(b) Germany
(c) USA
(d) Turkey

Correct Answer: (c) USA

Solution:On May 14, 2018, the Embassy opened at its Jerusalem location. It is the 70th Gregorian anniversary of the creation of the modern State of Israel. It was relocated from its previous site in Tel Aviv by the Trump Administration and is situated in what was previously the former US Consulate in the Arnona neighborhood.

Tel Aviv was the temporary government centre of the State of Israel until the government moved to Jerusalem in December 1949. Therefore, the correct option is (c).

2. Who among the following was Buddha's foster mother?

(a) Purna
(b) Gajalakshmi
(c) Maya
(d) Mahapajapati Gotami

Correct Answer: (d) Mahapajapati Gotami

Solution:The name of the foster mother of Buddha was Mahaprajapati Gotami. She was also the maternal aunt (mother's sister) of the Buddha. When the Buddha's birth mother died, she Took care of Buddha. In the Buddhist tradition, she was the first woman to seek ordination for women.

She died at the age of 120. She had two children, Siddhartha's half-brother Nanda and half-sister Nanda. She agreed to accept the Eight Garudhammas and was accorded the status of the first bhikkhuni, i.e., a Buddhist nun. Therefore, the correct option is (d).

3. Which of the following statements about Bodhisattas is/are correct?

1. They were perceived as deeply compassionate beings who accumulated merit through their efforts.

2. They made attempt to attain Nibbana.

Select the correct answer using the code given below.

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

Correct Answer: (a) 1 only

Solution:By the 1st century CE, the Buddha was regarded as a human being who attained enlightenment and Nibbana through his efforts. Bodhisattvas were perceived as deeply compassionate beings that accumulated merit through their efforts but used this not to attain Nibbana and thereby abandon the world, but to help others.

The worship of images of the Buddha and Bodhisattvas became an important part of this tradition. Therefore, the correct option is (a).

4. Depiction of the descent of the river Ganga from heaven in the form of relief sculpture on rock is at

(a) Ellora
(b) Mahabalipuram
(c) Sanchi
(d) Amaravati

Correct Answer: (b) Mahabalipuram

Solution:A monument at Mahabalipuram, in the Kancheepuram district of Tamil Nadu, is situated on the Coromandel Coast of the Bay of Bengal. It depicts the descent of the Ganges from heaven in the form of relief sculpture.

It is a giant open-air rock that was carved on two monolithic rock boulders. It depicts the story of the descent of the river Ganges which was led by Bhagiratha.

Another story that was portrayed at the Pallava heritage site is the Arjuna's Penance. Therefore, the correct option is (b).

5. Which one of the following statements relating to the power of the President of India to grant pardon is not correct?

(a) The President has the power to grant pardon where punishment or sentence is by a Court Martial.
(b) The President can grant pardon in all cases where the sentence is a sentence of death.
(c) The Court's power of judicial review is very limited in relation to the decision of the President on mercy petition.
(d) The power to grant pardon by the President is the power that the sovereign never exercises against its own judicial mandate.

Correct Answer: (d) The power to grant pardon by the President is the power that the sovereign never exercises against its own judicial mandate.

Solution:The power to grant pardon by the President is not a power that the sovereign never exercises against its own judicial mandate. In fact, the power of pardon is an essential aspect of the executive power of the President.

The President has the authority to grant pardons or reduce sentences, even in cases where the judiciary has made a decision.

6. Which one of the following is not a characteristic feature of the Indian Independence Act, 1947?

(a) The Dominion of India got the residuary territory of India, excluding the provinces of Sind, Baluchistan, West Punjab, East Bengal and NWFP.
(b) The Act sought to lay down a Constitution by the Legislative will of the British Parliament.
(c) The Act proposed to set up two independent Dominions.
(d) The Constituent Assembly of each Dominion was to have unlimited power to frame and adopt any Constitution.

Correct Answer: (b) The Act sought to lay down a Constitution by the Legislative will of the British Parliament.

Solution:The Dominion of India got the residuary territory of India, excluding the provinces of Sind, Baluchistan, West Punjab, East Bengal and NWFP. The Act proposed to set up two independent dominions.

The Act was based upon the Mountbatten Plan of 3rd June 1947. It was passed by the British Parliament on July 5, 1947. The Constituent Assembly of each Dominion was to have and adopt and Constitution. Therefore, the correct option is (b).

7. In National Income (NI) accounts, Personal Income (PI) is defined as

(a) NI-undistributed profits - net interest payments made by households - corporate tax + transfer payments to the households from the government and firms
(b) NI-undistributed profits - corporate tax + transfer payments to the households from the government and firms
(c) undistributed profits - net interest payments made by households + transfer payments to the households from the government and firms
(d) undistributed profits - net interest payments made by households corporate tax

Correct Answer: (a) NI-undistributed profits - net interest payments made by households - corporate tax + transfer payments to the households from the government and firms

Solution:A broader national-level economic measure than is personal income is known as national income. It is the total money income received by individuals and households of a country from all possible sources before direct taxes.

Personal income includes payments to individuals (income from wages and salaries, and other income), along with the transfer payments from the government, less employee social insurance contributions. It is calculated as PINI Corporate Income Taxes-Undistributed Corporate Profits- Social Security Contribution +Transfer Payments. Therefore, the correct option is (a).

8. The Reserve Bank of India defines narrow money as

(a) CU (currency notes + coins) + DD (net demand deposits held by commercial banks)
(b) CU + DD + saving deposits with post office savings banks
(c) CU + DD + net time deposits of commercial banks
(d) CU + DD + net time deposits of commercial banks + total deposits of post offices
(*)

Correct Answer: (*)

Solution:The term Narrow money is interpreted from the angle of liquidity. Most liquid bank deposits are included under narrow money besides the base money components like currency. Or in other words, Narrow Money (M1) is a concept of money supply that consists of base money and the most liquid form of deposits in the banks and post offices.

Narrow Money (M1) = Currency with the Public + Demand Deposits with the Banking System + 'Other' Deposits with RBI = Currency with the Public + Current Deposits with the Banking System + Demand Liabilities Portion of Savings Deposits with the Banking System + 'Other' Deposits with RBI

9. Suppose the price of mangoes increases from ₹50 per kg to ₹75 per kg. Due to this, the demand for mangoes declines from 100 kg to 50 kg. Which one of the following is the price elasticity of demand for mangoes?

(a) 4
(b) 3
(c) 2
(d) 1

Correct Answer: (d) 1

Solution:Let initial price is P1, initial quantity is Q1, the final price is P2, final quantity is Q2

Here, P1 = Rs. 50, P2 = Rs. 75, Q1 = 100 and Q2 = 50 On putting values, we get,

Price elasticity of demand

= (-) (Q2-Q1) × P1/(P2-P1) × Q1

= (-) {(50-100) × 50/(75-50)} × 100 = 1

Therefore, the correct option is (d).

10. Multipliers will be lower with which one of the following?

(a) High marginal propensity to consume
(b) Low marginal propensity to consume
(c) High marginal propensity to invest
(d) Low marginal propensity to save

Correct Answer: (b) Low marginal propensity to consume

Solution:The 'proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it is defined as marginal propensity to consume (MPC). Keynesian economics is a macroeconomic economic theory of total spending in the economy and its effects on output, employment and inflation.

They are the various macroeconomic theories and models of how aggregate demand strongly influences economic output and inflation. Therefore, the correct option is (b).

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