General Awareness MCQ Set XI

(10)Who fixes the REPO rate in India ?

(a) IMF –International Monetary Fund

(b) RBI _Reserve Bank of India

(c) SEBI _Securities and Exchange Board of India

(d)WTO _World Trade Organization

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Answer: b

(11)An indirect instrument of monetary policy is

(a) Cash reserve ratio

(b) Bank rate

(c) Statutory liquidity ratio

(d)Open market operations

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Answer: b

(12)The term “Politics” was first used by:

(a) Socrates

(b) Aristotle

(c) John Locke

(d)Plato

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Answer: b

(13)One of the following is NOT a component of foreign exchange reserves in India

(a) Foreign exchange assets of government

(b) Foreign exchange assets of RBI

(c) SDR holdings of government

(d)Gold stock of RBI

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Answer: a

(14)The market system in which there are only two buyers facing a large number of sellers is called

(a) Oilgopoly

(b) Duopoly

(c) Duopsony

(d)Monopsony

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Answer: c

(15)Who First gave the concept of “Distributive Justice” ?

(a) Aristotle

(b) Plato

(c) Locke

(d)Machiavelli

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Answer: a

(16)The reorganization of states on linguistic basis was done in

(a) 1951

(b) 1950

(c) 1956

(d)1952

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Answer: c

(17)Sir Eyre Coote was associated with which of the following?

(a) Battle of Adyar

(b) Battle of Wandiwash

(c) Seize of Arcot

(d)Battle of Ambur

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Answer: b

(18)Bodo and Dogri were added in the 8th Schedule by the following amendment :

(a) 85th Amendment

(b) 81st Amendment

(c) 92nd Amendment

(d)91st Amendment

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Answer: c