2019 CDS I EXAM GK QUESTIONS MCQS AND ANSWER (PART 2)

Question No.21

Which one of the following is not an assumption in the law of demand?

1. There are no changes in the taste and preferences of consumers
2. Income of consumers remains constant
3. Consumers are affected by demonstration effect
4. There are no changes in the price of substitute goods.

Select Answer

Correct Answer: ( C )  

Question No.22

Which one of the following statements is not correct?

1. When total utility is maximum, marginal utility is zero
2. When total utility is decreasing, marginal utility is negative
3. When total utility is increasing, marginal utility is positive
4. When total utility is maximum, marginal and average utility are equal to each other.

Select Answer

Correct Answer: ( D )  

Question No.23

"23.Consider the following statements about indifference curves: 1. Indifference curves are convex to the origin. 2. Higher indifference curve represents higher level of satisfaction. 3. Two indifference curves cut each other. Which of the statements given above is/are correct? "

1. 1 only
2. 1 and 2
3. 2 and 3
4. 3 only

Select Answer

Correct Answer: ( D )  

Question No.24

"Consider the following statements about a joint-stock company: 

1. It has a legal existence. 

2. There is limited liability of shareholders. 

3. It has a democratic management. 4. It has a collective ownership. Which of the statements given above are correct? "

1. 1 and 2 only
2. 1, 2 and 3 only
3. 3 and 4 only
4. 1, 2, 3 and 4

Select Answer

Correct Answer: ( D )  

Question No.25

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

1. horizontal
2. downward sloping to the right
3. vertical
4. upward sloping to the right

Select Answer

Correct Answer: ( )  

Question No.26

Who designed the Bombay Secretariat in the 1870s?

1. H. St. Clair Wilkins
2. Sir Cowasjee Jehangir Readymoney
3. Purushottamdas Thakurdas
4. Nusserwanji Tata

Select Answer

Correct Answer: ( A )  

Question No.27

Who was the founder of Mahakali Pathshala in Calcutta?

1. Her Holiness Mataji Maharani Tapaswini
2. Sister Nivedita
3. Madamee Blavatsky
4. Sarojini Naidu

Select Answer

Correct Answer: ( A )  

Question No.28

Which European ruler had observed 'Bear in mind that the commerce of India is the commerce of the world …. he who can exclusively command it is the dictator of Europe?

1. Queen Victoria
2. Peter the Great of Russia
3. Napoleon Bonaparte
4. Gustav II Adolf

Select Answer

Correct Answer: ( B )  

Question No.29

Which European traveller had observed, "A Hindu woman can go anywhere alone, even in the most crowded places, and she need never fear the impertinent looks and jokes of idle loungers"?

1. Francois Bernier
2. Jean-Baptiste Tavernier
3. Thomas Roe
4. Abbe J.A. Dubois

Select Answer

Correct Answer: ( D )  

Question No.30

Who was the author of the book, Plagues and Peoples?

1. W.L. Thomas
2. Rachel Carson
3. David Cannadine
4. William H.McNeill

Select Answer

Correct Answer: ( D )  

Question No.31

Which Indian social theorist had argued that the idea of a homogenized the 'cultural arrogance of postenlightenment Europe'?

1. Ashis Nandy
2. Partha Chatterjee
3. T.K.Oommen
4. Rajni Kothari

Select Answer

Correct Answer: ( A )  

Question No.32

Sub-prime crisis' is a term associated with which one of the following events?

1. Economic recession
2. Political instability
3. Structural adjustment programmes
4. Growing social inequality

Select Answer

Correct Answer: ( A )  

Question No.33

Which one of the following is not a change brought about by the Indian Independence Act of 1947?

1. The Government of India Act, 1935 was amended to provide an interim Constitution
2. India ceased to be a dependency
3. The Crown was the source of authority till new Constitution was framed
4. The Governor General was the constitutional head of Indian Dominion

Select Answer

Correct Answer: ( B )  

Question No.34

Which one of the following is not a correct statement regarding the provision of Legislative Council in the State Legislature?

1. The States of Bihar and Telangana have Legislative Councils
2. The total number of members in the Legislative Council of a State shall not exceed one third of the total number of members in the Legislative Assembly
3. One twelfth of all members shall be elected by electorates consisting of local bodies and authorities
4. one twelfth of all members shall be elected by graduates residing in the State

Select Answer

Correct Answer: ( C )  

Question No.35

Which one of the following is not correct about the Panchayats as laid down in Part IX of the Constitution of India?

1. The Chairperson of a Panchayat needs to be directly by people in order to exercise the right to vote in the Panchayat meetings.
2. The State Legislature has the right to decide whether or not offices of the Chairpersons in the Panchayats are reserved for SCs, STs or women.
3. Unless dissolved earlier, every Panchayat continues for a period of five years.
4. The State Legislature may by law make provisions for audit of accounts of the Panchayats.

Select Answer

Correct Answer: ( C )  

Question No.36

Which one of the following is not correct about Administrative Tribunals?

1. The Parliament may by law constitute Administrative Tribunals both at the Union and State levels
2. Tribunals may look into disputes and complaints with respect to recruitment and conditions of service of persons appointed to public services.
3. Tribunals established by a law of the Parliament can exclude the jurisdiction of all Courts to allow for special leave to appeal.
4. The law establishing the Tribunals may provide for procedures including rules of evidence to be followed.

Select Answer

Correct Answer: ( C )  

Question No.37

A market situation when firms sell similar but not identical products is termed as

1. perfect competition
2. imperfect competition
3. monopolistic competition
4. oligopoly

Select Answer

Correct Answer: ( C )  

Question No.38

"Consider the following statements: 

1. Inflation in India continued to be moderate during 2017-18 

2. There was significant reduction in food inflation, particularly pulses and vegetables during the period. Which of the statements given above is/are correct?"

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

Select Answer

Correct Answer: ( C )  

Question No.39

Which one of the following hypotheses postulates that individual's consumption in any time period depends upon resources available to the individual, rate of return on his capital and age of the individual?

1. Absolute Income Hypothesis
2. Relative Income Hypothesis
3. Life Cycle Hypothesis
4. Permanent Income Hypothesis

Select Answer

Correct Answer: ( C )  

Question No.40

According to John Maynard Keynes, employment depends upon

1. A. aggregate demand
2. B. aggregate supply
3. C. effective demand
4. D. rate of interest

Select Answer

Correct Answer: ( C )  

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