Mock Test-4 (Paper-1) (Question 51-100)

Total Questions: 50

1. What is the qualification to contest the election of Municipal Council?

(i) For the office of the President, his age should not be less than 25 years.

(ii) For the office of the councillor, his age should not be less than 21 years.

(iii) Whose name is in the voter list, he can contest the election.

(iv) A person can contest the election of councillor from two wards simultaneously.

(v) A person can contest the election of president and councillor simultaneously.

Correct Answer: (b) (i), (ii), (v)
Solution:

The qualification to contest the election of municipal corporation are

(I) For the office of the President, his age should not be less than 25 years.

(II) For the office of Councillor his age should not be less than 21 years.

(V) A person can contest the election of president and councillor simultaneously.

2. Who is not the ex officio member of the National Human Rights Commission?

Correct Answer: (a) The Chairperson of the National Commission for Minorities.
Solution:

The NHRC (National Human Rights Commission) consists of: A Chairperson, One Member who is, or has been, a Judge of the Supreme Court of India, One Member who is, or has been, the Chief Justice of a High Court, Two Members to be appointed from among persons having knowledge of, or practical experience in, matters relating to human rights. In addition, the Chairpersons of four National Commissions of (1.Minorities 2.SC 3.ST 4. Women) serve as ex officio members.

3. Right to vote and to be elected in India is a

Correct Answer: (c) Constitutional Right
Solution:
  • The right to vote is constitutional under Article 326 of IC.
  • By the Sixty-first constitutional amendment act of 1988, the voting age of elections to the LS and legislative assemblies of States has been lowered from 21 to 18 years.
  • To exercise this right, the country’s citizens must attain the age of 18.
  • The legal character of the right to vote has been debatable since the time of the inception of IC.
  • In Anoop Baranwal v. Union of India (March 2023):
    ∗ The majority judgement held that the right to vote is constitutional.
    ∗ In his separate opinion, Justice Ajay Rastogi said that the right to vote is a fundamental right.

4. For election to the Lok Sabha, a nomination paper can be filed by

Correct Answer: (c) any citizen of India whose name appears in the electoral roll of a constituency.
Solution:

Let's go by elimination.

To contest any election, person has to be CITIZEN of India. This eliminates A and B.

Any citizen of India, then could be a minor (below 18 years also) then he can't contests election. So, "D" also wrong. Hence we are left with answer "C".

5. When some goods or productive factors are completely fixed in amount, regardless of price, the supply curve is

Correct Answer: (a) horizontal
Solution:

Some goods or productive factors are completely fixed in amount, regardless of price. There is only one Mona Lisa by da Vinci. Nature's original endowment of land can be taken as fixed in amount. In this case, the supply curve is always horizontal.

  • A supply curve is graphed with the price on the left vertical axis and the quantity supplied on the horizontal axis. It is usually depicted as an upward-sloping line. As prices increase, sellers are more willing to make more goods and services available.
  • The supply and demand curves are the key components of the law of supply and demand. The intersection of the two curves represents market equilibrium, the point at which supply and demand meet to demonstrate a balanced price and quantity.
  • The supply curve moves upward from left to right, illustrating the law of supply: As the price of a commodity increases, the quantity supplied will increase. This implies that price is the independent variable, and quantity is the dependent variable.

6. The term stagflation refers to a situation where

Correct Answer: (d) rate of growth is slower than the rate of price increase
Solution:

Stagflation occurs when the economy isn't growing but prices are increasing, which is not a good situation for a country to be in.

Stagflation - Persistant high inflation combined with high unemployment and stagnant demand in a country's economy.

7. The basis of determining dearness allowance (D.A.) to government employees in India is

Correct Answer: (b) Consumer Price Index
Solution:

The basis of determining dearness allowance (D.A.) to government employees in India is consumer price index. Dearness Allowance (DA) is an allowance paid to employees to compensate them for erosion of real income / wage due to inflation.

The increase in the cost of living and the consequent erosion of income is measured in terms of a consumer price index number and, DA to be sanctioned to employees is determined on the basis of the percentage increase in that index.

Dearness Allowance - D.A. is calculated as a percentage of an Indian citizen's basic salary to mitigate the impact of inflation on people.

8. Which of the following can be the outcome(s) of very high inflation in the economy?

(1) Reduction in economic growth

(2) Increase in savings

(3) Reduction in exports

Select the correct answer using the codes below :

Correct Answer: (d) 1 and 3 only
Solution:

Inflation is a persistent increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money - a loss of real value.

High inflation means excessive supply of money and thus leads to rise in the cost of credit and interest rates. Higher inflation leads to reduction in economic growth, decrease in cost of credit, increase in spending rather than saving as the value of money is declining.

9. Which of the following is not a part of India's National Debt?

Correct Answer: (d) Life insurance policies
Solution:

Government debt is the debt owed by central government. Government usually borrows by issuing securities, government bonds, bills through Provident funds etc. However pension policies are not included in the list.

10. Which one of the following is not a tax/duty levied by the Government of India?

Correct Answer: (d) Toll Tax
Solution:

Toll Taxes is one of the main Sources of revenue for State Governments. It is not levied by Govt. of India.

  • Toll taxes on National Highways are currently levied based on the base rate of fee per kilometer as prescribed in the National Highways Fee Rules, 2008.
  • In India, the tolling is generally under an open system, wherein fee payable is a fixed amount based on the length of stretch under one project
  • At present, there are over 1,000 toll gates in India.
  • Currently, the FASTag system is being used to deduct toll at plazas.
    o FASTags were made mandatory for all four-wheelers from February 2021.
    o It is an electronic toll collection system in which ‘Radio Frequency ldentification’ (RFID) technology is used to make toll payments.
    o The FASTag contains a small RFID chip that communicates wirelessly with toll booth readers.