01. The concept of Concurrent List in Indian Constitution is borrowed from the Constitution of
(A) Japan
(B) Canada
(C) Australia
(D) U.S.A.
02. The basic object of all production is to
(A) satisfy human wants
(B) provide employment
(C) make profits
(D) increase physical output
03. Inflation is caused by
(A) increase in money supply and decrease in production
(B) increase in money supply
(C) increase in production
(D) decrease in production
04. Dumping is a form of price discrimination at
(A) within industry
(B) national level
(C) international level
(D) local level
05. The equilibrium of a firm under perfect competition will be determined when
(A) Marginal Revenue > Average Cost
(B) Marginal Revenue > Average Revenue
(C) Marginal Revenue = Marginal Cost
(D) Marginal Cost > Average Cost
06. Expenditure on advertisement and public relations by an enterprise is a part of its
(A) consumption of fixed capital
(B) final consumption expenditure
(C) intermediate consumption
(D) fixed capital
07. Presidential form of government consists of the following:
(A) Fixed term of office
(B) No overlap in membership between the executive and the legislature
(C) Popular election of the President
(D) All the above
08. Which one of the following inscriptions relate to the Chalukya king, Pulakesin II ?
(A) Maski
(B) Hathigumpha
(C) Aihole
(D) Nasik
09. Who among the following introduced the Mansabdari system
(A) Shah Jahan
(B) Sher Shah
(C) Akbar
(D) Jahangir
10. How many members can be nominated to both the Houses of the Parliament by the President ?
(A) 16
(B) 10
(C) 12
(D) 14
