Top 30 Economy and Culture MCQS For OSSSC RI,ARI, Amin, SFS, ICDS Supervisor 18 February 2024

The upcoming OSSSC RI, ARI, Amin, SFS, and ICDS Supervisor exams require candidates to be well-versed in various subjects, including economy and Culture related topics. To help you prepare effectively, we’ve compiled a list of the top 30 Economy and Culture Multiple Choice Questions (MCQs) along with answers. These questions cover a range of economic concepts and will be beneficial for your exam preparation.

Top 30 Economy and Culture MCQS For OSSSC RI, ARI, Amin, SFS, ICDS Supervisor

Continue practicing these questions to enhance your economic and culture knowledge and boost your chances of success in the OSSSC RI, ARI, Amin, SFS, and ICDS Supervisor exams. Good luck with your preparations!

1. Who can declare a financial emergency in the country?
   a) Finance Minister of India
   b) President of India
   c) Lok Sabha Speaker
   d) Chief Justice of Supreme CourtCorrect Answer: b) President of India

    

2. Which part of the Indian Constitution has emergency provisions?
   a) XVIII
   b) XVI
   c) XVII
   d) XVCorrect Answer: a) XVIII

    

3. Which article of the Indian Constitution has provisions for a national emergency?
   a) Article 352
   b) Article 356
   c) Article 360
   d) None of the aboveCorrect Answer: a) Article 352

    

4. What is the duration of a proclamation of financial emergency?
   a) Indefinite until revoked by the President
   b) Up to six months unless extended by the Parliament
   c) Until the next general election
   d) Until the economy stabilizesCorrect Answer: b) Up to six months unless extended by the Parliament

    

5. Who can revoke a proclamation of a national emergency?
   a) Prime Minister of India
   b) President of India
   c) Chief Justice of Supreme Court
   d) Parliament of IndiaCorrect Answer: b) President of India

    

6. Under a financial emergency, the President can issue directions to states regarding which of the following?
   a) Formation of new states
   b) Distribution of revenues between the Union and States
   c) Conducting elections in the states
   d) Imposition of taxesCorrect Answer: b) Distribution of revenues between the Union and States

    

7. How many times has a financial emergency been declared in India?
   a) Once
   b) Twice
   c) Thrice
   d) NeverCorrect Answer: d) Never

    

8. Which amendment to the Indian Constitution made changes to the provisions related to emergencies?
   a) 42nd Amendment
   b) 44th Amendment
   c) 52nd Amendment
   d) 46th AmendmentCorrect Answer: b) 44th Amendment

    

9. Who is responsible for the approval of the proclamation of a national emergency?
   a) Cabinet of Ministers
   b) President of India
   c) Parliament of India
   d) Supreme Court of IndiaCorrect Answer: c) Parliament of India

    

10. During a national emergency, which fundamental right is automatically suspended?
    a) Right to Equality
    b) Right to Freedom of Speech and Expression
    c) Right to Life and Personal Liberty
    d) Right against ExploitationCorrect Answer: c) Right to Life and Personal Liberty
11. Who is the current Governor of RBI?
    a) Education Awards
    b) Dr. Shashanka Bhide
    c) Shaktikanta Das
    d) Ashima GoyalCorrect Answer: c) Shaktikanta Das

     

12. What is meant by monetary policy?
    a) The process by which the Parliament controls the money supply
    b) The process by which the central bank or monetary authority of a country controls the supply of money
    c) The process by which International Market controls the money supply
    d) None of the aboveCorrect Answer: b) The process by which the central bank or monetary authority of a country controls the supply of money

     

13. Who is the Central monetary policy Authority in India?
    a) RBI
    b) Finance Ministry
    c) Parliament
    d) Prime MinisterCorrect Answer: a) RBI

     

14. What is the difference between real interest rate and nominal rate?
    i) Real interest rates take into account inflation
    ii) Nominal rates are those which apply only to borrowers and not lenders
    a) Only i
    b) Only ii
    c) Both i and ii
    d) None of the aboveCorrect Answer: a) Only i

     

15. Quantitative easing is the common name for?
    a) Asset selling by a central bank
    b) Asset purchasing by a central bank
    c) Lowering of the interest rate for commercial bank lending
    d) When a central bank reduces ratesCorrect Answer: b) Asset purchasing by a central bank

     

16. What is the main objective of monetary policy?
    a) Controlling inflation
    b) Controlling fiscal deficit
    c) Promoting exports
    d) Reducing unemploymentCorrect Answer: a) Controlling inflation

     

17. Which of the following tools is used by central banks to implement monetary policy?
    a) Fiscal policy
    b) Open market operations
    c) Import-export regulations
    d) Industrial policyCorrect Answer: b) Open market operations

     

18. What is the repo rate?
    a) Rate at which commercial banks can borrow from the RBI
    b) Rate at which RBI borrows from commercial banks
    c) Rate at which commercial banks lend to each other
    d) Rate at which RBI lends to the governmentCorrect Answer: a) Rate at which commercial banks can borrow from the RBI

     

19. Which monetary policy tool involves changing the reserve requirement ratio?
    a) Open market operations
    b) Repo rate
    c) Cash reserve ratio (CRR)
    d) Reverse repo rateCorrect Answer: c) Cash reserve ratio (CRR)

     

20. What is the purpose of a contractionary monetary policy?
    a) To stimulate economic growth
    b) To reduce inflation
    c) To increase government spending
    d) To encourage borrow 
21. Sattriya is a classical dance form of which State?
    a. Manipur
    b. Uttar Pradesh
    c. Assam
    d. Andhra PradeshCorrect Answer: c. Assam

     

22. Which classical dance form is famous in Uttar Pradesh?
    a. Kathakali
    b. Kathak
    c. Kuchipudi
    d. MohiniattamCorrect Answer: b. Kathak

     

23. Which classical dance form is famous in Tamil Nadu?
    a. Kuchipudi
    b. Mohiniattam
    c. Bharatanatyam
    d. KathakaliCorrect Answer: c. Bharatanatyam

     

24. Which of the following is not a folk dance of Uttar Pradesh?
    a. Quawwalis
    b. Chhau
    c. Birhas
    d. CharkulasCorrect Answer: b. Chhau

     

25. Which is the folk dance of Andhra Pradesh?
    a. Kolattam
    b. Karakattam
    c. Lavani
    d. SaturiCorrect Answer: a. Kolattam

     

26. Which devotional saint was a cobbler by profession?
    a. Tulsidas
    b. Raidas
    c. Surdas
    d. None of the aboveCorrect Answer: b. Raidas

     

27. Which Indian Academy is promoting dance, drama, and music?
    a. Sahitya Academy
    b. National School of Drama
    c. Lalit Kala Academy
    d. Sangeet Natak Akademi (Sangeet Academy)Correct Answer: d. Sangeet Natak Akademi (Sangeet Academy)

     

28. In which year was the National Anthem of India first sung?
    a. 1911
    b. 1912
    c. 1913
    d. 1914Correct Answer: a. 1911

     

29. Madhubani painting is famous in which of the following states?
    a. Uttar Pradesh
    b. Kerala
    c. Bihar
    d. Tamil NaduCorrect Answer: c. Bihar

     

30. Who is known as the “Father of Indian Cinema”?
    a. Dadasaheb Phalke
    b. Satyajit Ray
    c. Bimal Roy
    d. Raj KapoorCorrect Answer: a. Dadasaheb Phalke

     

     

     

    ing and spending

    Correct Answer: b) To reduce inflation