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Answer: 1: Get Revised Syllabus For Group 1/2/3/4

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Question 1: The Battle of Plassey was fought in

1. 1757
2. 1782
3. 1748
4. 1764
Answer: 1

Question 2: The territory of Porus who offered strong resistance to


Alexander was situated between the rivers of

1. Sutlej and Beas


2. Jhelum and Chenab
3. Ravi and Chenab
4. Ganga and Yamuna
Answer: 2

Question 3: Under Akbar, the Mir Bakshi was required to look after

1. military affairs
2. the state treasury
3. the royal household
4. the land revenue system
Answer: 1

Question 4: Tripitakas are sacred books of

1. Buddhists
2. Hindus
3. Jains
4. None of the above
Answer: 1

Get Revised Syllabus for Group 1/2/3/4: APPSC Syllabus

Question 5: The trident-shaped symbol of Buddhism does not represent

1. Nirvana
2. Sangha
3. Buddha
4. Dhamma
Answer: 1

Question 6: Devaluation of a currency means


1. reduction in the value of a currency vis-a-vis major internationally
traded currencies
2. permitting the currency to seek its worth in the international market
3. fixing the value of the currency in conjunction with the movement in
the value of a basket of pre-determined currencies
4. fixing the value of currency in multilateral consultation with the IMF,
the World Bank and major trading partners
Answer: 1

Question 7: In the second nationalization of commercial banks, ___ banks


were nationalized.

1. 4
2. 5
3. 6
4. 8
Answer: 3

Question 8: Since independence, both development and non-development


expenditures have increased; the increase in the former being a little
more than in the other. Non-development expenditure involves

1. interest payments
2. subsidies
3. defence
4. irrigation
5. I, II
6. I
7. I, II, III
8. II, III, IV
Answer: 3

Question 9: Depreciation means

1. closure of a plant due to lock out


2. closure of a plant due to labour trouble
3. loss of equipment over time due to wear and tear
4. destruction of a plant in a fire accident
Answer: 3

Question 10: Deficit financing leads to inflation in general, but it can be


checked if

1. government expenditure leads to increase in the aggregate supply in


ratio of aggregate demand
2. only aggregate demand is increased
3. all the expenditure is denoted national debt payment only
4. All of the above
Answer: 4

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Question 11: If all the banks in an economy are nationalized and


converted into a monopoly bank, the total deposits

1. will decrease
2. will increase
3. will neither increase nor decrease
4. None of the above
Answer: 3

Question 12: India changed over to the decimal system of coinage in

1. April 1995
2. April 1957
3. April 1958
4. April 1959
Answer: 2

Question 13: The association of the rupee with pound sterling as the
intervention currency was broken in

1. 1990
2. 1991
3. 1992
4. 1993
Answer: 3

Question 14: On which one of the followings is the benefits received


principle of taxation to achieve optimality bases?

1. Marginal benefit received


2. Total benefit received
3. Average benefit received
4. Ability to pay for the benefit
Answer: 4

Question 15: One of the reasons for India’s occupational structure


remaining more or less the same over the years has been that
1. investment pattern has been directed towards capital intensive
industries
2. productivity in agriculture has been high enough to induce people to
stay with agriculture
3. ceiling on land holdings have enabled more people to own land and
hence their preference to stay with agriculture
4. people are largely unaware of the significance of transition from
agriculture to industry for economic development
Answer: 1

Check From Here: APPSC Previous Question Papers

Question 16: Gross domestic capital formation is defined as

1. flow of expenditure devoted to increased or maintaining of the capital


stock
2. expenditure incurred on physical assets only
3. production exceeding demand
4. net addition to stock after depreciation
Answer: 4

Question 17: On July 12, 1982, the ARDC was merged into

1. RBI
2. NABARD
3. EXIM Bank
4. None of the above
Answer: 2

Question 18: Which of the following is the most appropriate cause of


exports surplus?

1. Country’s exports promotion value


2. Country’s stringent import policy
3. Developments in national and international markets
4. None of the above
Answer: 3

Question 19: If the cash reserve ratio is lowered by the RBI, its impact on
credit creation will be to

1. increase it
2. decrease it
3. no impact
4. None of the above
Answer: 1

Question 20: Which of the following items would not appear in a


company’s balance sheet?

1. Value of stocks of raw materials held


2. Total issued capital
3. Revenue from sales of the company’s products
4. Cash held at the bank
Answer: 3

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Question 21: The currency convertibility concept in its original form


originated in

1. Wells Agreement
2. Bretton Woods Agreement
3. Taylors Agreement
4. None of the above
Answer: 2

Question 22: In the state of India, the State Financial Corporation have
given assistance mainly to develop

1. agricultural farms
2. cottage industry
3. large-scale industries
4. medium and small-scale industries
Answer: 4

Question 23: The central co-operative banks are in direct touch with

1. farmers
2. state co-operative banks
3. land development banks
4. central government
Answer: 2

Question 24: The first wholly Indian Bank was set up in

1. 1794
2. 1894
3. 1896
4. 1902
Answer: 2

Question 25: States earn maximum revenue through

1. land revenue
2. custom revenue
3. commercial taxes
4. excise duties on intoxicants
Answer: 3

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Question 26: Our financial system has provided for the transfer of
resources from the centre to the states; the important means of resource
transfer are

1. tax sharing
2. grant-in-aids
3. loans
4. All the above
Answer: 4

Question 27: Debenture holders of a company are its

1. shareholders
2. creditors
3. debtors
4. directors
Answer: 2

Question 28: Excise duty is a tax levied on the

1. import of goods
2. export of goods
3. production of goods
4. sale of goods
Answer: 3

Question 29: In pursuance with the recommendations of Narsimhan


Committee, the RBI has framed new guidelines

1. to govern entry of new private sector banks to make the banking


sector more competitive
2. to reduce the freedom given to banks to rationalize their existing
branch network
3. to setup more foreign exchange banks
4. to lend more easily for industrial development
Answer: 1

Question 30: Which of the following is the first Indian private company to
sign an accord with Government of Myanmar for oil exploration in two
offshore blocks in that country?

1. Reliance Energy
2. Essar Oil
3. GAIL
4. ONGC
Answer: 2

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