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AAO Practices Paper | Economics Governance Questions for SSC CGL(Part-4)

AAO Practices Paper | Economics Governance Questions for SSC CGL(Part-4)

AAO Practices Paper

Economics Governance Questions AAO Paper-4

Q161. What is the tenure of the office of Comptroller and Auditor General of India (CAG)?

(a) 5 years or age of 60, whichever is lower

(b) 6 years or age of 65, whichever is lower

(c) 4 years or age of 65, whichever is lower

(d) Age of 60

Q162. Consider the following duties, roles and functions. Which of them is/are NOT belong to Comptroller and Auditor General of India (CAG)?

  1. Upholding the Constitution of India and laws of Parliament in terms of financial administration
  2. Auditing accounts related to Consolidated Fund of India
  3. Audits transactions of the Center and state governments related to debts
  4. Conduct audit of secret service expenditure

(a) Only 1 and 4

(b) Only 2 and 4

(c) Only 3 and 2

(d) Only 4

Q163. Which of the following corporations is fully audited by Comptroller and Auditor General of India (CAG)?

(a) Reserve Bank of India

(b) Life Insurance Corporation

(c) Air India

(d) State Bank of India

Q164. Which of the following corporations is NOT fully audited by Comptroller and Auditor General of India (CAG)?

(a) Air India

(b) Damodar Valley Corporation

(c) Food Corporation of India

(d) Oil and Natural Gas Commission

Q165. When was the Indian Audit and Accounts Department created?

(a) 1850

(b) 1948

(c) 1950

(d) 1753

Q166. Consider the following two statements

  1. The work of Which of the following corporations is fully audited by Comptroller and Auditor General of India (CAG) has more to do with auditing than being a comptroller, because many authorities and bodies can draw fund from the Consolidated Fund of India without having to require the permission of CAG
  2. In Britain, the CAG has complete authority of that of a Comptroller as well, and all executive bodies require permission of CAG to draw money from the public fund.

Which of the above statements is/are true?

(a) Only 1

(b) Only 2

(c) Both 1 and 2

(d) Neither 1 nor 2

Q167. Which Article in the Indian Constitution provides for the Election Commission?

(a) Article 324

(b) Article 128

(c) Article 256

(d) Article 378

Q168. Who appoints the Chief Election Commissioner of Election Commission?

(a) Prime Minister

(b) Chief Justice of India

(c) President

(d) Lok Sabha

Q169. Currently, there are how many members in the Election Commission?

(a) 1

(b) 2

(c) 3

(d) 4

AAO Practices Paper
Q170. When was the Election Commission formed?

(a) 1947

(b) 1948

(c) 1949

(d) 1950

Q171. What is the tenure of office for the Chief Election Commissioner?

(a) 5 years or 65 years, whichever is earlier

(b) 6 years or 60 years, whichever is earlier

(c) 6 years or 65 years, whichever is earlier

(d) 5 years or 60 years, whichever is earlier

Q172. Where are the headquarters of the Election Commission of India situated?

(a) Mumbai

(b) New Delhi

(c) Bangalore

(d) Gurgaon

Q173. Who was the first woman to become a Chief Election Commissioner of India?

(a) V. S. Ramadevi

(b) G. D. Das

(c) S.K. Bedi

(d) R.M. Nikam

Q174. For the Election Commission, at the district level, who acts as the district returning officer?

(a)) District Collector

(b) Police Commissioner

(c) Tehsildars

(d) None of the above

Q175. Which among the following is NOT a Standing Committee?

(a) Public Accounts Committee

(b) Ethics Committee

(c) Railway Convention Committee

(d) Business Advisory Committee

Q176. Consider the following statements. Which among them is/are NOT true?

  1. A parliamentary committee is appointed or elected by either Lok Sabha or Rajya Sabha or nominated by the Speaker of Lok Sabha or Chairman of Rajya Sabha
  2. A parliamentary committee worker under the direction of the Speaker of Lok Sabha or the Chairman of Rajya Sabha
  3. A parliamentary committee is one which presents its report to either Lok Sabha or Rajya Sabha or either to the Speaker or Chairman
  4. A parliamentary committee has a secretariat provided by the Lok Sabha or Rajya Sabha

(a) Only 1 and 3

(b) Only 2 and 4

(c) Only 1, 2 and 3

(d) All are true

Q177. Consider the following statements. Which among them is/are NOT true?

  1. Standing Committees are the permanent committees that are constituted on a regular basis
  2. Ad hoc committees are temporary committees that are dissolved when the task is completed
  3. Committee of Privileges is an ad-hoc committee
  4. Joint Committee on Fertilizer pricing is a standing committee

(a) Only 3 and 4

(b) Only 1 and 2

(c) Only 1 and 3

(d) Only 2 and 4

Q178. What among the following is NOT true about the Public Accounts Committee?

  1. The committee was first set up in 1921
  2. It’s main function is to audit the annual reports of Comptroller and Auditor General of India (CAG)
  3. It consists of 15 Lok Sabha members and 7 Rajya Sabha members
  4. The term of the office of the Public Accounts Committee is one year

(a) Only 1

(b) Only 2

(c) Only 3

(d) All are true

Q179. Which among the following is NOT true about the Estimates Committee?

  1. The first Estimates Committee of the post-independence era was first set up in 1950
  2. Estimates Committee has a right to question the policies approved by the Parliament
  3. It consists of members that are both from Lok Sabha and Rajya Sabha
  4. Chairman of the Estimates Committee is always from the Opposition party

(a) Only 4

(b) Only 3

(c) Only 2 and 4

(d) Only 2, 3 and 4

Q180. Consider the following statements about the Public Undertakings Committee. Which among them is/are not true?

  1. Public Undertakings committee was first created in 1964
  2. It consists of 15 members from Lok Sabha and 7 members from Rajya Sabha
  3. It’s Chairman is strictly a member of the Lok Sabha
  4. The main function of the Public Undertakings Committee is to analyze the accounts of Public Undertakings and examine reports of CAG on public undertakings

(a) Only 1,2 and 3

(b) Only 2 and 4

(c) Only 3 and 4

(d) All are true

Q181. Which of the following is not a central problem of a society

(a) What to produce

(b) How to produce

(c) For whom to produce

(d) Where to produce

Q182. The paradox of Diamond is more costly than water is explained by

(a) Marginal utility concept

(b) Scarcity

(c) Relative cost of production

(d) All the three

Q183. Which of these is an economic activity

(a) A father teaching his son at home instead of sending to any coaching centre

(b) A hair dresser doing hair cut designing on payment

(c) A housewife mending her family cloths on her own

(d) A singer giving a show on his son’s wedding anniversary

Q184. The term “ Micro” is derived from the …….word which means……..

(a) Latin, small

(b) Greek, small

(c) English, tiny

(d) Roman, small

Q185. Which of the following issue relates to micro-economics

(a) Impact of crude price hike on inflation

(b) Impact of change in bank rate on bank saving and investment

(c) Impact of Information technology on economic growth

(d) Impact of shortage of wheat production on wheat prices

Q186. Economics modes are

(a) Based on some realistic assumptions

(b) Based on hypothetical assumptions

(c) Scientifically tested

(d) Based on necessity

Q187. The famous book “An enquiry into the nature and causes of wealth of Nation” was written by –

(a) Adam Smith

(b) Samulson

(c) Robertson

(d) JB Say

Q188. The famous book “An enquiry into the nature and causes of wealth of Nation” was published in-

(a) 1776

(b) 1750

(c) 1850

(d) 1886

AAO Practices Paper
Q189. The law of indifference is/are also know by-

(a) Law of substitution

(b) law of equimarginal utility

(c) Law of diminishing marginal utility

(d) All the three

Q190. Which of the following is not a central problem of a society

(a)What to produce

(b) How to produce

(c) For whom to produce

(d) What to eat

Q191. The central problem of how to produce is resolved by

(a) Demand and  supply of factor inputs

(b) Demand and supply of goods

(c) Relative prices and availability of factors of production

(d) Government intervention

Q192. In free economy the decision about investment, saving and consumption are decided by

(a) Price mechanism

(b) Central bank

(c) Planning Commission

(d) Finance budget

Q193. Which of these statement is true about production possibility curve (PPC/PPF)

(a) It shows various combinations of two goods which yield same level of satisfaction

(b) It shows various combination of two goods which an economy can produce with a given amount of resources

(c) It shows various combination of two goods which an economy can produce with a given budget

(d) It shows various combination of two goods which an economy can produce with a given time

Q194. If production possibility frontier is linear it implies

(a) Constant opportunity cost

(b) Economy is stagnant

(c) Underemployment of factor of production

(d) With the increase in production, opportunity cost also increases

Q195. The opportunity cost of consumption is

(a) Lack of capital formation for future

(b) Greater investment

(c) Full employment

(d) Deflation

Q196. The opportunity cost of capital investment is

(a) Sacrifice of current consumption

(b) More consumption on luxury items

(c) Lower capital growth in future

(d) Wastage of Resources

Q197. Any point beyond PPF is

(a) Attainable

(b) Unattainable

(c) Attainable with increase in production facilities

(d) None

Q198. As resources are shifted from one industry to another this can be shown by:

(a) An inward shift of the production possibility frontier

(b) A movement along the production possibility frontier

(c) An outward shift of the production possibility frontier

(d) A movement of the production possibility frontier towards the origin

Q199. In a free market the combination of products produced will be determined by:

(a) Market forces of supply and demand

(b) The government

(c) The law

(d) The public sector

Q200. If an economy moves from producing 10 units of A and 4 units of B to producing 7 As and 5Bs, the opportunity cost of the 5th B is:

(a) 7As

(b) 10As

(c) 3As

(d) 1A

 

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Click here :: Part 4

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