PSC Chief General Manager Model Questions and Answers – Part 2

51. W, X and Y jointly promised to pay Rs 8, 00,000 to Z. Before performance of contract Y died. Here the contract
(A) Becomes void on Y’s death
(B) should be performed by W and X along with Y’s legal representative
(C) should be performed by W and X alone
(D) Should be renewed between W, X and Z
Answer: Question Cancelled

52. As per Consumer Protection Act 1986, National commission was established and it started its functioning W.e.f.
(A) 1988 (B) 1992
(C) 1987 (D) 1993
Answer: A

53. The concept ‘bancassurance’ was originated in ……………….
(A) France (B) china
(C) India (D) USA
Answer: A

54. An agreement which is enforceable by law at the option of one or more of the parties there to but not at the option of the other or others is a
(A) Valid contract (B) Void contract
(C) Voidable contract (D) Illegal contract
Answer: C

55. The delivery of goods by one person to another for some specific purpose, is known as
(A) Bailment (B) Pledge
(C) Hypothecation (D) Mortgage
Answer: A

56. Power Distance Index of 77 compared to the World average of 56.5 for India indicates
(A) High level of political corruption
(B) High level of Gender Empowerment Index
(C) High level of equality of power and wealth within the society
(D) High level of inequality of power and wealth within the society
Answer: D

57. Which among the following is not a model related to social responsibility?
(A) Carroll’s Model (B) Orgburn’s Model
(C) Halal’s Model (D) Ackerman’s Model
Answer: B

58. …………… refers to the enterprises owned and managed jointly by the private and government sectors
(A) Co-operative sector (B) Public sector
(C) Joint sector (D) Social sector
Answer: C

59. Which, of the following, is not related to Water Pollution Protection Legislations in India?
(A) The Easement Act,1882
(B) The Indian Fisheries Act,1897
(C) The Indian Stream Vessel Act,1917
(D) The Water Preservation Act, 1925
Answer: D

60. Kyoto Protocol pertains to:
(A) Globalization (B) Environment protection
(C) Industrial development (D) Privatization
Answer: B

61. The Restrictive Trade Practices are provided in :
(A) Section 33(1) (B) Section 33(2)
(C) Section 33(3) (D) Section 33(4)
Answer: A

62. Set of processes, laws and institutions that affects the way in which a corporation is directed, administered or controlled, to facilitate the interest of stake holders, is termed as:
(A) Environmental ethics
(B) Corporate governance
(C) Corporate social responsibility
(D) Corporate sustainability
Answer: B

63. Which of the following is not the main objective of Fiscal Policy in India ?
(A) To ensure price stability
(B) To increase liquidity in the economy
(C) To minimize inequalities in the distribution of income and wealth
(D) To promote employment opportunities
Answer: B

64. Which of the following is not a method of social audit ?
(A) Financial Statement Format Audit
(B) Social Process Audit
(C) Constituency Group Audit
(D) Employee Benefit Audit
Answer: D

65. Who, among the following, is empowered to supersede the Competition Commission of India ?
(A) President of India (B) Central Government
(C) Supreme Court (D) MRTP Commission
Answer: B

66. The investment limits of micro enterprises engaged in manufacturing sector, as per MSMED Act, 2006, is :
(A) Rs.10 lakhs (B) Rs.25 lakhs
(C) Rs.2 crores (D) Rs.5 crores
Answer: B

67. Build, operate and transfer concept is envisaged in:
(A) Real estate (B) Power generation
(C) Airlines (D) Highways
Answer: D

68. Which of the following theory best defines the relationship between currencies on the basis of rate of inflation ?
(A) Interest rate parity theory
(B) Relative inflation theory
(C) Foreign exchange parity theory
(D) Purchasing power parity theory
Answer: D

69. Which of the following is not related to the elements of internal environment ?
(A) Money and capital market (B) Marketing capability
(C) Operational capability (D) Personnel capability
Answer: A

70. Which is the apex body of various exporters and export promotion organisations in India?
(A) Federation of Indian Exporters Organization
(B) Trade fair Authority of India
(C) Export Credit Guarantee Corporation of India
(D) Directorate General of Commercial Intelligence and Statistics
Answer: A

71. The exchange rate fixed on the basis of demand and supply of currencies is called ……….
(A) Flexible rate (B) Forward rate
(C) Floating rate (D) Multiple rate.
Answer: C

72. “BOLT System” in Indian Securities Market is related to
(A) NSE Stock Exchange
(B) BSE Stock Exchange
(C) Over The Counter Exchange of India
(D) Multi Commodity Stock exchange
Answer: B

73. Call money rate is applicable for a very short period to ……..
(A) Inter bank advances
(B) Bank to Reserve Bank advances
(C) Reserve Bank to bank advances
(D) Commercial bank to industrial bank advances
Answer: A

74. The ceiling on the amount of insurance cover is …………
(A) Rs 50,000/- (B) Rs 10,000/-
(C) Rs 10,00,000/- (D) Rs 1,00,000/-
Answer: D

75. Export Credit Guarantee Corporation of India provides ………..
(A) Guarantee to credit institution
(B) Credit risk insurance cover to exporters
(C) Stability to banking system
(D) None of the above.
Answer: B