=

17. Consider the following statements :

18.

21.

i) 581 has the monopoly power of issue of notes and coins of all denominations in India.
॥) RBI keeps and manages the foreign exchange reserves of India.
iii) Open market operations are conducted by RBI via the sale and purchase of
government securities.
iv) During inflation, RBI reduce the Cash Reserve Ratio.
Which of the above statements is/are correct ?

A) Only i), ii) and iv) 8) Only ii), iii) ೩೧ರ iv)

©) Only ii), iii) D) Only i), iv)

Which of the following is the single largest item of public expenditure in India ?

A) Interest Payments B) Salary and Pension

(७) Defence Expenditure D) Expenditure on Social Services
‏۔‎ Consider the following statements :

i) Direct taxes are those taxes in which impact is on one person and
incidence on the other person.

ii) Indirect taxes are those taxes in which impact and incidence are on the
same person.

iti) The burden of indirect taxes can be shifted,

Select the correct statements.

A) ೦೧1/1, ii) B) Only iii)

0) Only i) and iii) D) Neither ii) nor iii)

Which Five Year Plan for the first time actually addressed the issue of removal of
poverty as a prime objective ?

A) First Five Year Plan B) Second Five Year Plan

C) Fifth Five Year Plan D) Fourth Five Year Plan

Which among the following is not a basic objective of creating All India Services ?

i) Maintenance of law and order

॥) National unification and nation building

iii) Promotion of decentralized governance

iv) Managing federal polity

A) i) and iv) B) ॥ and iv) C) ili) only D) iv) only
Given below are two statements, one labelled as Assertion (A) and other labelled
as Reason (त). Select your answer from the codes given below.
Assertion (A) : Public Servants are to be free from political bondages in making
decisions affecting public life.

Reason (R) : The Public Servants are committed for the implementation of public
policies approved by the political executive.

A) Both (A) and (R) are true and (ति) is the correct explanation of (A)

8) Both (A) and (R) are true, but (೧) is not the correct explanation of (A)

C) (A) is true, but (R) is false

D) (A) is false, but (೧) is true