MCQ for test-2-26th-march-2023

With regard to the Office of President, consider the following statements:

1. The method of election of the President has been taken from the Irish Constitution.

2. The election is held following the system of proportional representation by means of a single transferable vote, and the voting is by open ballot.

Which of the statements given above is/are correct?

Consider the following statements with reference to Presidential election in India:

1. Voting by members of the electoral college for President of India is not compulsory.

2. Voting as per one’s free will at the Presidential election will not come within the ambit of disqualification under the Tenth Schedule 

Which of the statements given above is/are correct?

With reference to the veto powers of the President, which of the following statements are correct?

1. The President can use veto powers on both private as well as Government Bills.

2. He cannot withhold his assent in case of a Money Bill.

3. He has an absolute veto in case of the Bills reserved for his consideration by the Governor of a State.

Select the correct answer using the code given below:

Consider the following statements with reference to the President of India:

1. Members of Legislative Councils do not take part in electing the President of India.

2. S/he can be impeached only for the violation of the Constitution.

3. S/he takes the oath to preserve, protect and defend the Constitution.

Which of the statements given above are correct?

With reference to the Pardoning Power of the President, consider the following statements:

1. It is available against sentences of court-martial as well as sentences of death.

2. It can be exercised only after the conviction of an accused.

3. It is an absolute power not governed by the advice of the Council of Ministers.

Which of the statements given above is/are correct?

Consider the following statements with reference to the powers of the President:

1. The President has final legislative powers to make regulations in case of the Union territory of Lakshadweep.

2. The President has the power to alter the boundaries of scheduled areas.

Which of the statements given above is/are correct?

Consider the following statements with reference to the election of the Indian President:

1. It is held in accordance with the system of proportional representation.

2. ‘None of the above’ (NOTA) option on the ballot paper is available in the election.

3. It is conducted by the Election Commission of India.

Which of the statements given above are correct?

Which of the following qualifications is/are required for the Office of the President according to the Constitution?

1. He should be qualified to be elected as a member of Lok Sabha.

2. He should not hold any office of profit under the Union, state, or local government.

3. He should have completed at least 30 years of age.

Select the correct answer using the codes given below.

Consider the following differences with reference to President of USA and India:

1. Unlike the USA's President, the Indian President can only be removed by the houses of Parliament.

2. The grounds for impeachment are broader in the USA than in India.

3. No President has been impeached so far in both countries.

4. Impeachment of Indian President is implicit in the constitution while that of USA’s President is explicit.

Which of the statements given above are correct?

Consider the following statements:

1. If India declares a war against the Islamic State (ISIS), it must be approved by President.

2. President’s satisfaction in promulgation of ordinance is final and conclusive and beyond judicial review.

Which of the statements given above is/are correct?

Consider the following statements in the context of the President of India:

1. He can hold office beyond his term of five years until his successor assumes charge.

2. He can resign from office by addressing the resignation letter to the Chief Justice of India.

Which of the statements given above is/are correct?

The Chief Minister of any state will not be eligible to vote in the Presidential election if

Which of the following best describes the term Tax Expenditure?

Consider the following statements with reference to public accounts of India:

1. Public Account funds do not belong to the government and have to be finally paid back to the persons and authorities that deposited them.

2. Expenditures from the Public Accounts are not required to be approved by the Parliament.

Which of the statements given above is/are correct?

Which of the following are the components of the 'Twin Deficit' problem faced by many countries?

1. Fiscal deficit

2. Revenue deficit

3. Capital account deficit

4. Current account deficit

Select the correct answer using the code given below:

Which of the following are the possible impacts of a high fiscal deficit in an economy?

1. Increase in the interest rates

2. Downgrading of the country's credit rating

3. Increase in tax rates

4. Balance of payment (BoP) crisis

Select the correct answer using the code given below:

Consider the following statements with reference to Laffer Curve:

1. It shows the relationship between tax rates and the amount of tax revenue collected by governments.

2. It is based on the economic idea that increasing tax rates will always lead to an increase in total tax revenue.

Which of the statements given above is/are correct?

Which of the following subsidies can be categorized as ‘Product Subsidies’?

1. Fertilizer subsidies

2. Interest subsidies to farmers

3. Subsidies to railways

4. Input subsidies to farmers

Select the correct answer using the code given below:

With reference to the concept of tax incidence, consider the following statements:

1. Producers absorb most of the tax burden when the supply of a given good is more elastic than its demand.

2. Upon increase in taxes on inelastic goods like essential medicines the share of the tax burden on consumers goes up.

Which of the statements given above is/are correct?

The ‘reverse-charge mechanism’ under the Goods and Services Tax(GST) regime refers to

The term ‘Equalisation Levy 2.0’ was recently seen in the news. It is levied on

Consider the following statements with reference to Monetization of Deficit.

1. The Fiscal Responsibility and Budget Management Act of 2003 prohibits the RBI from monetizing the Central Government's deficit for any reason.

2. It leads to an increase in inflation in an economy.

Which of the statements given above is/are correct?

Which of the following is/are the objectives of the ‘Public Financial Management System (PFMS) portal?

1. Monitoring inflation levels by the RBI.

2. Reducing trade deficit with other countries.

3. Efficient targeting of Central Government schemes.

4. Rationalizing domestic borrowing by the Central and State Governments.

Select the correct answer using the code given below

Consider the following statements with reference to functions performed by the Constituent Assembly of India:

1. It ratified India's membership of the United Nations in 1949.

2. It elected Dr. Rajendra Prasad as the first President of India in 1950.

3. It adopted the National flag in 1947.

Which of the statements given above are correct?

Consider the following statements with reference to the Indian Constitution:

1. It derives its ultimate authority from the Parliament.

2. Original Constitution provided for a three-tier polity.

3. The Indian Constitution provides the Constitutions of both the Union and the States.

Which of the statements given above is/are correct?