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24th Nov, 2021 Current Affairs Quiz

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Q1. Which of the following action/actions can be taken by the Government to reduce the deficit budget

1) Reducing revenue expenditure

2) Introducing new welfare schemes

3) Rationalizing subsidies

4) Reducing import duty

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Q2. Consider the statements regarding Systemically Important Financial Institutions (SIFIs)

1) The idea of SIFI has emerged from the Pittsburgh summit of World Bank.

2) Systemically Important Financial Institutions (SIFIs) are perceived as institutions that are Too Big to Fail (TBTF).

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Q3. Consider the following statements regarding Socialist society

1) In a socialist society the government decides what goods are to be produced in accordance with the needs of society

2) The desires of individual consumers are given much importance

3) The goods produced are distributed among people on the basis of Purchasing Power

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Q4. The primary motive of the colonial government behind the policy of systematically deindustrialising India was

1) To make India a mere exporter of important raw materials for the modern industries in Britain.

2) 2. To turn India into a sprawling market for the finished products.

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Q5. Total Factor Productivity (TFP) in an economy can improve by:

1) Technology growth and efficiency

2) Increasing taxation on the private sector

3) Efficient human capital and physical capital.

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Q6. Which of the following sources of information are considered as the direct sources of information about the Earth’s interior

1) Drilling projects in Mining areas

2) Volcanic eruption

3) Meteors that at times reach the earth

4) Gravitation

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Q7. Consider the following statements:

1) Earth’s crust has a density higher than the mantle part of Earth

2) The inner core of the Earth is in solid state

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Q8. Consider the following statements regarding Karst topography

1) It is commonly associated with carbonate rocks

2) Such topography occurs only in tropical and temperate environments.

3) Nearly a quarter of the world’s population depends upon water supplied from karst areas.

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Q9. Consider the following statements regarding office of Deputy Chairman:

1) Deputy Chairman is subordinate to the Chairman.

2) He resigns by writing to the President of India

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Q10. Consider the following statements with respect to the Parliament

1) Indian system is similar to the American pattern where the President is an integral part of the Parliament

2) Out of nine union territories, only three have representation in Lok Sabha