UPSC EPFO SOLVED PAPER 2015

Total Questions: 120

111. Transportation plays a great role in any economy. Which of the following modes of transportation has the highest elasticity?

Correct Answer: (c) Road
Solution:

Elasticity of demand is the responsiveness of a quantity demanded to a price/income/price of another good change. The concept of elasticity is very useful to understand the economic behaviour of transport supply and demand. This concept is hugely used for business purposes and it plays very important role in determining the demand for transport. Transport is a movement of people and goods for personal and business reasons. Road as a mode of transportation has the highest elasticity compare to air, rail and water.

112. How does an expansionary monetary policy affect the rate of interest and level of income?

Correct Answer: (a) Raises the level of income but lowers the rate of interest
Solution:

Monetary policy is the macroeconomic policy laid down by the central bank. It involves management of money supply and interest rate and is the demand side economic policy used by the government of a country to achieve macroeconomic objectives like inflation, consumption, growth and liquidity. Expansionary monetary policy affects the rate of interest and level of income. Expansionary monetary policy is when a central bank uses its tools to stimulate the economy.

113. In a medium-size township, the trend of annual immigration is an addition of 20% of the population as it was at the beginning; also 15% of the population as it was at the beginning is estimated of relocate elsewhere every year. If the current population is 80000, what is the likely population three years hence?

Correct Answer: (d) 92610
Solution:

114. ‘ The Problem of Rupee’ was whose DSc Thesis?

Correct Answer: (d) Dr. Bhimrao Ambedkar
Solution:

Bhimrao Ramji Ambedkar submitted his doctoral thesis, The Problem of the Rupee, in March 1923 but it was not recommended for acceptance. In 1923, he completed a D.Sc. in Economics. The Problem of the Rupee was first published in 1923. Ambedkar, also known as Babasaheb Ambedkar.

115. What is the correct sequence of tributaries of the river Ganga from West to East?

Correct Answer: (a) Yamuna, Ghaghara, Son, Gandak and Kosi
Solution:

Ganga is the most important river of India, it rises in the Gangotri glacier near Gamukh in the Uttarkashi district of Uttarakhand. Tributaries from West to East are: Ramganga, Yamuna, Gomti, Ghaghara, Son, Gandak, Burhi Gandak, Kosi and Mahananda.

116. There are two circles of radii r₁ and r₂ (r₁< r₂).

Correct Answer: (d) 35 cm
Solution:

117. Answer the following question

Correct Answer: (d) 900
Solution:

118. Under the Constitution of India, which of the following statements are correct ?

1. The Constitution is supreme.
2. There is a clear division of power between the Union and the State Governments.
3. Amendments to the Constitution have to follow the prescribed procedure.
4. The Union Parliament and the State Legislatures are sovereign.
5. The Preamble to the Constitution cannot be invoked to determine the ambit of Fundamental Rights.
Select the correct answer using to codes given below—

Correct Answer: (d) 1, 2 and 3
Solution:

The Constitution of India is the supreme law of India. The document lays down the framework demarcating fundamental political code, structure, procedures, powers, and duties of government institutions and sets out fundamental rights, directive principles, and the duties of citizens. There is a clear division of power between the Union and the State Governments. Amendments to the Constitution have to follow the prescribed procedure. The constitution declares India a sovereign, socialist, secular, democratic republic, assuring its citizens justice, equality and liberty, and endeavours to promote fraternity. The Preamble to the Constitution can be invoked to determine the ambit of
Fundamental Rights. The Preamble enshrines the values of liberty, equality and justice. Further it has also been regarded as the soul of Indian Constitution.

119. When the Government ownership in Public Sector Undertakings is diluted, it is called

Correct Answer: (c) Disinvestment
Solution:

When the government ownership in PSU (Public Sector Undertaking) is diluted, it is called disinvestment. Disinvestment is actually dilution of the stake of the government in a public enterprise. If the dilution is less than 50 % the government retains management even though disinvestment takes place.

120. The Right to Free and Compulsory Education Act, 2009 provides for education to every child in the age group

Correct Answer: (d) 6-14 years
Solution:

The Right to Free and Compulsory Education Act is an Act of the Parliament of India enacted on 4th August, 2009, which describes the modalities of the importance of free and compulsory education for children between the age of 6 to 14 years in India under Article 21A of the Indian Constitution. India became one of 135 countries 1.0 make education a fundamental right of every child when the act came into force on 1st April, 2010.