GK in English

GK Chapterwise – CDS Previous Year Papers

Table of Contents

41. Which of the following factors was not a reason behind the occurrence of the Industrial Revolution in England first?

(a)No part of the country was far from the sea
(b) Navigable rivers made inland transport easier.
(c) In England machines could be operated by wind or water power due to favourable climate condition
(d) England had coal, iron and other necessary mineral resources
Ans: (c)

CDS (I) 2015

42. Which one among the following is not a salient feature of the Companies Bill as amended in the year 2012?

(a)For spending the amount earmarked for corporate social responsibility, the company shall give preferences to local areas where it operates
(b) Punishment for falsely inducing a person to enter into an agreement with bank or financial institution with a view to obtaining credit facilities
(c) There is no limit in respect of companies in which a person may be appointed as auditor
(d) ‘Independent directors’ shall be excluded for the purpose of computing ‘one-third of retiring directors’
Ans: (c)

CDS (II) 2019

43. FDI in Multi-Brand Retail Trade (MBRT) in all products is now permitted in India subject to
1. a ceiling of 51%
2. minimum amount to be brought in as FDI by the foreign investor is US $ 100 million.
3. atleast 50% of the procurement of manufactured/ processed products should be sourced from ‘small industries’.
4. retail sales locations set-up only in cities with a population of more than 10 lakh.
Select the correct answer using the codes given below

(a)1, 2, 3 and 4
(b) 1 and 4
(c) Only 2
(d) 1, 2 and 4
Ans: (d)
CDS Exam (II) 2012

44. In a perfectly competitive economy production and consumption will both be Pareto optimal, if the economy operates at a point where

(a)there is general equilibrium
(b) output levels are below equilibrium
(c) output levels are above equilibrium
(d) consumption is less than output
Ans: (a)
CDS Exam (I) 2007

45. The average fixed cost curve will always be

(a)a rectangular hyperbola
(b) a downward sloping convex to the origin curve
(c) a downward sloping straight line
(d) a U-shaped curve
Ans: (a)

CDS (I) 2009

46. The income elasticity of demand for inferior goods is

(a)less than one
(b) less than zero
(c) equal to one
(d) greater than one
Ans: (b)

CDS (II) 2018

47. The main functioning of the banking system is to

(a)accept deposits and provide credit
(b) accept deposits and subsidies
(c) provide credit and subsidies
(d) accept deposits, provide credit and subsidies
Ans: (a)
CDS Exam (II) 2016

48. Which of the following factors is/are responsible for recent rapid slow down of Indian economy despite recovering from the global financial crisis.
1. The boost to demand given by monetary and fiscal stimulus following the crisis was large.
2. Starting in 2011-12, corporate and infrastructure investment started slowing both as a result of investment bottlenecks as well as the tighter monetary policy.
Select the correct answer using the codes given below

(a)Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: (c)

CDS (II) 2008

49. The value of money varies

(a)directly with the, interest rate
(b) directly with the price level
(c) directly with the volume of employment
(d) inversely with the price level
Ans: (d)

CDS (I) 2010

50. Corporation tax is imposed by

(a)State Government
(b) Central Government
(c) Local Government
(d) State as well as Central Government
Ans: (d)

CDS (II) 2015

51. The Government of India and Reserve Bank of India have decided to introduce 1 billion pieces of ` 10 notes in polymer/ plastic on a field trial basis.
Which of the following is/ are the objectives behind this move?
1. Increase of the lifetime of the notes.
2. Combating counterfeiting.
3. Reducing the cost of minting of currency.
Select the correct answer using the codes given below

(a)1 and 2
(b) Only 2
(c) Only 3
(d) All of the above
Ans: (a)
CDS Exam (II) 2011

52. The production function of a firm will change whenever

(a)input price changes
(b) the firm employs more of any input
(c) the firm increases its level of output
(d) the relevant technology changes
Ans: (d)

CDS (II) 2013

53. If the average total cost is declining then

(a)the marginal cost must be less than the average total cost
(b) total cost must be constant
(c) the average fixed cost curve must be above the average variable cost curve
(d) the marginal cost must be greater than the average total cost
Ans: (a)

CDS (I) 2017

54. Classification of an enterprise into public or private sector is based on

(a)number of employees in the enterprise
(b) ownership of assets of the enterprise
(c) employment conditions for workers in the enterprise
(d) nature of products manufactured by the enterprise
Ans: (b)

CDS (II) 2015

55. In India, mergers and acquisition of firms are regulated by

(a)National Manufacturing Competitiveness Council
(b) Competition Commission of India
(c) Security and Exchange Board of India
(d) Department of Industrial Policy and Promotion
Ans: (b)
CDS Exam (II) 2019

56. Share of food in total consumption expenditure has been coming down as Per Capita Income grew over time in last sixty years because

(a)people have been purchasing less food
(b) people have been preferring non-cereal items in their food basket
(c) growth in food expenditure has been lower than growth in per capita income
(d) percentage of the poor in population has increased over time
Ans: (c)

CDS (II) 2012

57. Which bank is limited to the needs of agriculture and rural finance?

(c) IFC
(d) RBI
Ans: (b)

CDS (I) 2007

58. The effect of a government surplus upon the equilibrium level of NNP [Net National Product] is substantially the same as

(a)an increase in investment
(b) an increase in consumption
(c) an increase in saving
(d) a decrease in saving
Ans: (b)
CDS Exam (I) 2009

59. ‘Inclusive growth’ is a phrase used in India’s
1. 9th Plan 2. 10th Plan
3. 11th Plan 4. 12th Plan Select the correct answer using the codes given below.

(a)1, 2 and 3
(b) 2 and 4
(c) 3 and 4
(d) Only 4
Ans: (c)
CDS Exam (II) 2018

60. According to the Companies Act, 2013, ‘nominal capital’ implies

(a)such part of capital, which has been called for payment
(b) the maximum amount of share capital of a company
(c) such part of capital, which has been received by a company from its shareholders
(d) such capital as the company issues from time to time for subscription
Ans: (b)

CDS (II) 2016

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