This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
What do you mean by actual saving ? |
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Answer» In any economy, on a special income level, the amount remaining from income after consumption, is called actual saving. |
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| 2. |
What are the two aspects of Savings and Investment ? |
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Answer» Ex-ante saving and ex-ante investment. |
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| 3. |
Name the following:The list with 66 subjects which the State government legislates upon. |
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Answer» Answer is: The State List |
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| 4. |
Write any two features of marginal propensity to consume. |
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| 5. |
What is marginal propensity to consume ? |
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Answer» The ratio between proportion of change in consumption and proportion in change in income. |
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| 6. |
When did Keynes write his book ?(a) 1936(b) 1940(c) 1938(d) 1945 |
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Answer» Correct answer is (a) 1936 |
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| 7. |
What do you understand by Residuaiy Powers? |
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Answer» (i) Our Constitution has given three lists on various subjects. (ii) The first list is called Union List. It contains 97 subjects on which the Union Government makes laws. (iii) The State List is for the State Governments to legislate upon. It contains 66 subjects. (iv) Apart from these two lists, there is a Concurrent List which contains 47 subjects. (v) Both governments can make laws on subjects included in this list. If a subject comes up that is not included in any of the lists, the Union Government is entitled to make laws on it. These powers are termed as ‘Residuary Powers’. |
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| 8. |
Whom is the Council of Ministers answerable to, for all its decisions? |
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Answer» The Council of Ministers is answerable to the Lok Sabha for all its decisions. |
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| 9. |
Which disputes are referred to the Judiciary? |
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Answer» The disputes that cannot be resolved mutually are referred to the Judiciary. |
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| 10. |
What- meant by anticipated Investment ? |
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Answer» In an economy, whatever amount we plan to invest, is known as anticipated Investment. It is that investment, which has the possibility to be made in the future. |
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| 11. |
How many aspects do Savings and Investment have ? |
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Answer» Two aspects do Savings and Investment have. |
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| 12. |
What is meant by actual investment ? |
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Answer» In an economy, whatever rise actually happens in a capital market- meaning whatever investment is actually made is called actual investment. Actual Investment is neither less or more than the actual savings, these two are always equal. |
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| 13. |
In which book did Keynes criticize the classical theory of employment ? |
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Answer» A book named “The General Theory of Employment, Interest and Money”. |
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| 14. |
What does ‘a’ mean in C = a + b Yd(a) Autonomous Consumption(b) Marginal Propensity to consume(c) Disposable Income(d) None of these |
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Answer» (a) Autonomous Consumption |
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| 15. |
Name the following:Subjects with the State Government |
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Answer» Answer is: Health, Prison |
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| 16. |
In the Parliamentary system of Government, who has the highest decision-making power? |
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Answer» In the Parliamentary system of Government, the Parliament has the highest decision-making power. |
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| 17. |
What have great significance in Parliamentary Democracy? |
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Answer» In Parliamentary Democracy, the discussion and debates that take place in the Parliament have great significance. |
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| 18. |
What do you mean by State Government? |
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Answer» The Government that oversees the administration of the region that we live in is called State Government. |
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| 19. |
Write three examples of public investment. |
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Answer» Investment made by government in the construction of roads, bridges, dams, etc. |
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| 20. |
What is private investment ? |
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Answer» When individuals invest their money in new factories, buildings or equipments, it is called private investment. |
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| 21. |
What is meant by public investment ? |
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Answer» Money invested by the government to develop the basic infrastructure is called public investment. |
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| 22. |
What was the assumption of Classical Economists ? |
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Answer» They assumed that total employment is found in an economy. |
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| 23. |
Value of MPC is :(a) More than zero(b) More than one(c) Between zero and one(d) None of these |
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Answer» (c) Between zero and one |
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| 24. |
Write a short note on Parliamentary System of Government. |
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Answer» (i) The Indian Constitution has provided for a Parliamentary System of Government. (ii) In such a system, the Parliament, i.e. the Legislature has the highest decision-making power. (iii) The Indian Parliament includes the President, the Lok Sabha or the House of the People and the Rajya Sabha or the Council of States. (iv) The Council of Ministers that run the administration emerge from the Lok Sabha and is answerable to the Lok Sabha for all its decisions. In Parliamentary Democracy, the discussion and debates that take place in the Parliament have great significance. |
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| 25. |
When do you get shattered ?(a) after the whole day’s office work(b) after watching a funny movie(c) before thinking a lot(d) while working on a computer |
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Answer» (a) after the whole day’s office work |
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| 26. |
How would life be without stress ? |
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Answer» Many times stress acts a source to success. We develop anxiety when we are unable to solve a problem which comes in the way of our success. Our mind is not at peace till some solution to the problem is found. On one hand, the solution is found, while on the other, stress is s removed. Thus stress is a stepping stone to success. |
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| 27. |
Investment made by the government is called as :(a) Automomous investment(b) Private investment(c) Public investment(d) None of these |
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Answer» (c) Public investment |
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| 28. |
If APC = APS, then what will be the independent value of APC and APS respectively ?(a) Zero(b) 1(c) 0.5(d) 0.7 |
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Answer» Correct answer is (c) 0.5 |
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| 29. |
MPC will be minimum at :(a) 0(b) 1(c) 0.5(d) 0.7 |
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Answer» Correct answer is (a) 0 |
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| 30. |
Which of these techniques is more effective on you ? |
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Answer» Deep breathing has always proved more effective. It is easy to practise and does not need particular kind of knowledge in physiology. It also gives instant relief. |
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| 31. |
Short Meditation Which position should we keep at first? -Which words should we select?Why should we choose a word?What should we visualise or build?Why should we spend some time in imagining? |
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Answer» Short Meditation-A Stress Control Exercise: For short meditation, there are two stages. In the first stage, one has to sit comfortably closing one’s eyes. He has to choose a word for calmness from ‘harmony’, ‘tranquility’, ‘serenity’, ‘peace’ or ‘relax’ and meditate on the chosen one. One has to visualise scenes that tie in with the word or build up mental images illustrating the word, and feel ‘harmony’ or ‘tranquility’ within oneself. In the second stage, one has to choose an object like a fabric, a stone, etc. that appeals one, and start thinking about its texture with closed eyes. Spending two minutes over it would lead one to meditation. |
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| 32. |
Write whether the following sentences are True or False:(1) In short meditation, we should meditate on our chosen word.(2) Half of the problem with being stressed is that we breathe deeply enough to supply our brain with sufficient oxygen.(3) When we breathe, there is a microscopic ‘ movement of the cranial bones.(4) The Crown Pull influences the flow of ’ cerebrospinal fluid in a negative way.(5) Some music and dance of your choice helps the right side of the brain in rebalancing.(6) We should not go out into nature and walk naturally.(7) Delete the phrase ‘I can’t from your vocabulary as it blocks your view of possible solutions.(8) Writing a few lines with other hand interrupts rebalancing the two hemispheres of the brain. |
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Answer» (1) True |
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| 33. |
Sum of APS and APC equals to :(a) zero(b) one(c) infinite(d) none of these |
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Answer» Correct answer is (b) one |
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| 34. |
How does crown pull help our nervous system ? |
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Answer» The crown pull allows the cerebrospinal fluid to move freely, through the spinal column and the skull. It influences the flow of cerebrospinal fluid in a positive way. It helps calm our nervous system. It can also take away a headache or stress-induced stomach ache, as well as helps us think clearly. |
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| 35. |
How do you release stress ? |
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Answer» The main cause of stress is mental disturbance. The mind is unable to think in a normal way. So to bring about normalcy it is very necessary that stress is released. In the initial stage, we have to make ourselves confortable. This is possible through short meditation. Choose a word that symolises ‘calmness’. Meditate on the chosen word. Visualise scenes that tie up with the word. Secondly take some material. Close your eyes and explore its texture. Doing this, some stress will be released. Stress is also caused when the brain does not receive sufficient oxygen. This can be done when we rub our hands together and create energy. Place palms on the area below the naval and breathe into your belly. These are some ways how stress will be released. |
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| 36. |
Which of the following processes, if dosen’t take place in your mind, induces chances of your failing the exam ?(a) tangling of information(b) flicking of information(c) retrieval of information(d) drifting of information |
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Answer» Correct option is (c) retrieval of information |
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| 37. |
Which are the effects of stress on you ? |
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Answer» Stress is a situation where mind, body and emotions do not work together. The result is that our mental capacities fail to work. We are unable to concentrate, remember old and new information and think logically. A constructive and workable order cannot be imposed. Rational day-to-day decisions cannot be taken. |
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| 38. |
Which things create stress in you ? |
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Answer» Mind, emotions and body work together. Our mental capacities help us to concentrate, to gather information and think logically to make rational decisions. Stress is created if the mind is unable to think logically. Emotions bar the way to clear thinking. You take longer to do a task. This is where we come to know that stress has gained control over us. We also realize that memory fails us. We are unable to finish the task on hand. Eventually we realize that stress has been created in us. |
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| 39. |
When do you feel that your day is hectic ?(a) when you have a lot of leisure time(b) when you can’t relax(c) when people don’t cooperate with you(d) when you are travelling to a hill station |
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Answer» Correct option is (b) when you can’t relax |
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| 40. |
Which of the following will you not like to have on your scalp ?(a) tension(b) hair(c) hair-oil(d) dandruff |
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Answer» Correct option is (a) tension |
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| 41. |
How does deep breathing help us get out of stress ? |
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Answer» lf we don’t breathe deeply, our brain does not get enough supply of Oxygen. Therefore, when we get stressed, we tend to hold our breath or only breathe in a shallowed way, using only s the top part of our lungs, and for the lack of sufficient Oxygen, we feel stressed and are unable to concentrate properly. |
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| 42. |
Which of the following is in reference to the word half ?(a) cranial bones(b) landscape(c) hemisphere(d) cerebrospinal |
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Answer» Correct option is (c) hemisphere |
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| 43. |
Mental quick fixesPut on some music you like and dance through the room. This creative activity exercises the right side of the brain and S’ helps rebalance your brain.Get a fish tank and watch the fish swim around languidly. This allows your mind to calm down.Write down all your worries. Putting them on a piece of paper gets them out of your head.Get out into nature and walk. Concentrate on what is right now rather than what might happen tomorrow.(1) Write two ways to get mentally relieved ?(2) What kind of concentration should we / have ? |
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Answer» (1) To get mentally relieved, we should follow ? these ways :
(2) We should concentrate on right now rather than what might happen tomorrow. |
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| 44. |
What are the materials used for making your house? It is mud, brick, stone, wood or cement? |
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Answer» The materials used for making my houses are mud, brick, stone, wood, cement glass etc. |
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| 45. |
Fill in the blanks. 1. …….. is the head of the Gram Panchayat.2. Deputy Sarpanch or Upa-Sarpanch is elected by ……3. Deputy Sarpanch or Upa-Sarpanch is elected in ……4. The system of Grama Sachivalayam was started on ……5. Grama Volunteers system was started on ………6. No. of Village Secretariat employees in every Grama Sachivalayam is ……7. Panchayats come under a ……8. All the Mandal Parishads in the district come under ……9. Councillors or Ward Member in the Nagar Panchayats are chosen in …..10. Vice Chairman of Zilla Parishad is chosen in ……… |
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Answer» 1. 1992 2. 1/3rd of seats 3. 50% of seats 4. five years 5. 2000 people 6. 50 households 7. Panchayat Raj Act 1994 8. Grama Sabha 9. President / Sarpanch 10. 21 |
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| 46. |
Number of Gram Panchayats in every Mandal A) 10 – 20 B) 20 – 40 C) 30 – 40 D) 40 – 50 |
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Answer» Answer is (B) 20 – 40 |
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| 47. |
In unorganised sector half of the employees are employed in …………….. A) Government B) Self employment C) Small employment D) Large employment |
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Answer» C) Small employment |
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| 48. |
If we do not consider final value of products in estimation of GDP, then A) Calculate the value of intermediate goods B) Additional value will be added to GDP by adding the value of goods at each stage. C) Add the value of raw materials D) Add only income of individuals |
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Answer» B) Additional value will be added to GDP by adding the value of goods at each stage. |
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| 49. |
Match the following a) Organised sector – 1) Employed on their own b) Unorganised – 2) Ruralhousehold c) Self employed – 3) Employment is regular d) Small and marginal farmer category – 4) Jobs here are low – paid A) a – 2,b – 4,c – 1,d – 3 B) a – 3,b – 4,c – 1,d – 2 C) a – 3,b – 1,c – 4,d – 2 D) a – 1,b – 4,c – 3,d- 2 |
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Answer» B) a – 3,b – 4,c – 1,d – 2 |
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| 50. |
The members of the Gram Sabha must be adults. It means they must be of A) 18 years or more B) 20 years or more C) 22 years or more D) 25 years or more |
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Answer» (A) 18 years or more |
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