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Question 1 of 5
1. Question
1 pointsWhich of the following are the functions of the Election Commission of India?
1. It superintendents, direct and control the entire process of conducting elections to Parliament and Legislature of every State and to the offices of President and Vice-President of India.
2. It grants recognition to political parties & allot election symbols to them along with settling disputes related to it.
3. It grants recognition to political parties & allot election symbols to them along with settling disputes related to it.
Select the correct answer using the codes given belowCorrect
All of the above are correct.
Functions of ECI:
• Election Commission of India superintendents, direct and control the entire process of conducting elections to Parliament and Legislature of every State and to the offices of President and Vice-President of India.
• The most important function of the commission is to decide the election schedules for the conduct of periodic and timely elections, whether general or bye-elections.
• It prepares electoral roll, issues Electronic Photo Identity Card (EPIC).
• It decides on the location polling stations, assignment of voters to the polling stations, location of counting centres, arrangements to be made in and around polling stations and counting centres and all allied matters.
• It grants recognition to political parties & allot election symbols to them along with settling disputes related to it.
• The Commission also has advisory jurisdiction in the matter of post election disqualification of sitting members of Parliament and State Legislatures.
• It issues the Model Code of Conduct in election for political parties and candidates so that the no one indulges in unfair practice or there is no arbitrary abuse of powers by those in power.Incorrect
All of the above are correct.
Functions of ECI:
• Election Commission of India superintendents, direct and control the entire process of conducting elections to Parliament and Legislature of every State and to the offices of President and Vice-President of India.
• The most important function of the commission is to decide the election schedules for the conduct of periodic and timely elections, whether general or bye-elections.
• It prepares electoral roll, issues Electronic Photo Identity Card (EPIC).
• It decides on the location polling stations, assignment of voters to the polling stations, location of counting centres, arrangements to be made in and around polling stations and counting centres and all allied matters.
• It grants recognition to political parties & allot election symbols to them along with settling disputes related to it.
• The Commission also has advisory jurisdiction in the matter of post election disqualification of sitting members of Parliament and State Legislatures.
• It issues the Model Code of Conduct in election for political parties and candidates so that the no one indulges in unfair practice or there is no arbitrary abuse of powers by those in power. -
Question 2 of 5
2. Question
1 pointsConsider the following statements about currency manipulation
1. It refers to actions taken by governments to change the value of their currencies relative to other currencies in order to bring about some desirable objective.
2. The countries manipulate their currencies in order to make their exports effectively expensive on the world market and in turn make imports cheaper.
Which of the statements given above is/are correct?Correct
Statement 1 is correct while statement 2 is incorrect.
Currency manipulation refers to actions taken by governments to change the value of their currencies relative to other currencies in order to bring about some desirable objective.
The countries manipulate their currencies in order to make their exports effectively cheaper on the world market and in turn make imports more expensive.Incorrect
Statement 1 is correct while statement 2 is incorrect.
Currency manipulation refers to actions taken by governments to change the value of their currencies relative to other currencies in order to bring about some desirable objective.
The countries manipulate their currencies in order to make their exports effectively cheaper on the world market and in turn make imports more expensive. -
Question 3 of 5
3. Question
1 pointsGross Domestic Capital Formation (GDCF), seen in the Budget and Economic Surveys, refers to which of the following?
Correct
Capital is the produced means of production or it is called produced wealth by which more wealth is possible in the economy directly and indirectly.
Capital formation means creation of physical assets and non- physical capital consisting of public health efficiency, visible and no visible capital.
Gross domestic capital formation is the addition to the capital stock within the domestic territory of a country during a year. Gross domestic capital formation includes all expenses made by household, business people and Govt, adding new durable goods to the fixed capital stock of a country. These assets are in the form of infrastructure such as buildings, roads canals, bridges, means of transport, machinery and other equipments.Incorrect
Capital is the produced means of production or it is called produced wealth by which more wealth is possible in the economy directly and indirectly.
Capital formation means creation of physical assets and non- physical capital consisting of public health efficiency, visible and no visible capital.
Gross domestic capital formation is the addition to the capital stock within the domestic territory of a country during a year. Gross domestic capital formation includes all expenses made by household, business people and Govt, adding new durable goods to the fixed capital stock of a country. These assets are in the form of infrastructure such as buildings, roads canals, bridges, means of transport, machinery and other equipments. -
Question 4 of 5
4. Question
1 pointsAnnual Financial Statement (AFS) presented in the budget includes which of the following?
1. Estimates of revenue and capital receipts
2. Ways and means to raise the revenue
3. Estimates of expenditure
4. Introduction of new schemes/projects
Select the correct answer using the codes given belowCorrect
All of the above are correct.
Annual Financial Statement (AFS) is a statement of the estimated receipts and expenditure of the Government in a financial year. In addition to it, the Budget contains:
• Estimates of revenue and capital receipts,
• Ways and means to raise the revenue,
• Estimates of expenditure,
The economic and financial policy of the coming year, i.e., taxation proposals, prospects of revenue, spending programme and introduction of new schemes/projects.Incorrect
All of the above are correct.
Annual Financial Statement (AFS) is a statement of the estimated receipts and expenditure of the Government in a financial year. In addition to it, the Budget contains:
• Estimates of revenue and capital receipts,
• Ways and means to raise the revenue,
• Estimates of expenditure,
The economic and financial policy of the coming year, i.e., taxation proposals, prospects of revenue, spending programme and introduction of new schemes/projects. -
Question 5 of 5
5. Question
1 pointsBharat 22 scheme, seen in news is related to which of the following?
Correct
Bharat 22 ETF is an open-ended exchange traded fund investing in S&P BSE Bharat 22 Index. Bharat 22 scheme was launched by the Government to fulfill its disinvetsment target in PSUs.
Incorrect
Bharat 22 ETF is an open-ended exchange traded fund investing in S&P BSE Bharat 22 Index. Bharat 22 scheme was launched by the Government to fulfill its disinvetsment target in PSUs.
Leaderboard: 19th April 2021 | Prelims Daily with Previous Year Questions
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