Union Public Service Commission(UPSC) Previous Years Questions and Answers

1 .

Consider the following statements:

1. The Constitution of India classifies the ministers into four ranks viz. Cabinet Minister, Minister of State with Independent Charge, Minister of State and Deputy Minister.

2. The total number of ministers in the Union Government, including the Prime Minister, shall not exceed 15 percent of the total number of members in the Lok Sabha.

Which of the statements given above is/are correct?

A)

1 only

B)

2 only

C)

Both 1 and 2

D)

Neither 1 nor 2

Correct Answer : Option (B) - 2 only

Note :

Statement 1 is incorrect: Constitution of India does not define any categorisation of ministers.

Statement 2 is correct: The total number of ministers including prime minister should not exceed 15% of the total number of members of Lok Sabha.

Year : 2022

Category : General Studies

2 .

Consider the following statements:

1. A bill amending the Constitution requires a prior recommendation of the President of India.

2. When a Constitution Amendment Bill is presented to the President of India, it is obligatory for the President of India to give his/her assent.

3. A Constitution Amendment Bill must be passed by both the Lok Sabha and Rajya Sabha by a special majority and there is no provision for joint sitting.

Which of the statements given above are correct?

A)

1 and 2 only

B)

2 and 3 only

C)

1 and 3 only

D)

1, 2 and 3

Correct Answer : Option (B) - 2 and 3 only

Note :

Statement 1 is incorrect: No prior approval of the President is required for the Constitutional Amendment Act.

Statement 2 is correct: It is obligatory for the President to give his assent, when a Constitutional Amendment Bill is presented before him. The President cannot exercise any veto power regarding the Constitutional Amendment Bill.

Statement 3 is correct: Constitutional Amendment Bill needs to be passed by both the houses separately by a special majority, and no joint sitting is allowed regarding Constitutional Amendment Bill.

Year : 2022

Category : General Studies

3 .

With reference to India, consider the following statements:

1. Government law officers and legal firms are recognized as advocates, but corporate lawyers and patent attorneys are excluded from recognition as advocates.

2. Bar Councils have the power to lay down the rules relating to legal education and recognition of law colleges.

Which of the statements given above is/are correct?

A)

1 only

B)

2 only

C)

Both 1 and 2

D)

Neither 1 nor 2

Correct Answer : Option (B) - 2 only

Note :

Statement 1 is incorrect : Government law officers, legal firms, corporate lawyers and patent attorneys all are recognised as advocates.

Statement 2 is correct : Bar councils have the powers to lay down rules relating to legal education and recognition of law colleges.

Source : Lawcorner

Year : 2022

Category : General Studies

4 .

Consider the following statements:

1. Pursuant to the report of H.N. Sanyal Committee, the Contempt of Courts Act, 1971 was passed.

2. The Constitution of India empowers the Supreme Court and the High Courts to punish for contempt of themselves.

3. The Constitution of India defines Civil Contempt and Criminal Contempt.

4. In India, the Parliament is vested with the powers to make laws on Contempt of Court.

Which of the statements given above is/are correct?

A)

1 and 2 only

B)

1, 2 and 4 only

C)

3 and 4 only

D)

3 only

Correct Answer : Option (B) - 1, 2 and 4 only

Note :

Statement 1 is correct: Contempt of Courts Act, 1971 was passed on the recommendation of H. N. Sanyal Committee.

Statement 2 is correct: Constitution Of India empowers Supreme Court and High Courts to punish for contempt of themselves. High courts have the power to punish for contempt for lower courts under respective jurisdiction.

Statement 3 is incorrect: Constitution of India does not define any type of contempt of court, neither Civil contempt nor criminal contempt.

Statement 4 is correct: In India it is the Parliament who has the power to legislate over Contempt of Court.

Year : 2022

Category : General Studies

5 .

With reference to the Indian economy, consider the following statements:

1. A share of the household financial savings goes towards government borrowings.

2. Dated securities issued at market-related rates in auctions form a large component of internal debt.

Which of the above statements is/are correct?

A)

1 only

B)

2 only

C)

Both 1 and 2

D)

Neither 1 nor 2

Correct Answer : Option (C) - Both 1 and 2

Note :

Statement 1 is correct: A share of household financial savings goes to the government borrowings, as part of public accounts of India. It mainly consists of provident funds.

Statement 2 is correct: Dated securities means regular government bonds, whereas T-bills are considered separately. Dated securities issued at market related rates comprise a large share of internal debt.

Year : 2022

Category : General Studies

6 .

With reference to the expenditure made by an organization or a company, which of the following statements is/are correct?

1. Acquiring new technology is capital expenditure.

2. Debt financing is considered capital expenditure, while equity financing is considered revenue expenditure.

Select the correct answer using the code given below:

A)

1 only

B)

2 only

C)

Both 1 and 2

D)

Neither 1 nor 2

Correct Answer : Option (A) - 1 only

Note :

Statement 1 is correct: Acquiring new technology is considered as capital expenditure as it will generate profit in the future and helps in creation of new assets.

Statement 2 is incorrect: Debt Financing and equity financing are considered under capital expenditure.

Year : 2022

Category : General Studies

7 .

Which one of the following situations best reflects “Indirect Transfers” often talked about in media recently with reference to India?

A)

An Indian company investing in a foreign enterprise and paying taxes to the foreign country on the profits arising out of its investment

B)

A foreign company investing in India and paying taxes to the country of its base on the profits arising out of its investment

C)

An Indian company purchases tangible assets in a foreign country and sells such assets after their value increases and transfers the proceeds to India

D)

A foreign company transfers shares and such shares derive their substantial value from assets located in India

Correct Answer : A foreign company transfers shares and such shares derive their substantial value from assets located in India

Note : Indirect transfers refer to situations where when foreign entities own shares or assets in India, the shares of such foreign entities are transferred instead of a direct transfer of the underlying assets in India.

Source : Nishith Desai

Year : 2022

Category : General Studies

8 .

Which of the following activities constitute real sector in the economy?

1. Farmers harvesting their crops

2. Textile mills converting raw cotton into fabrics

3. A commercial bank lending money to a trading company

4. A corporate body issuing Rupee Denominated Bonds overseas

Select the correct answer using the code given below:

A)

1 and 2 only

B)

2, 3 and 4 only

C)

1, 3 and 4 only

D)

1, 2, 3 and 4

Correct Answer : Option (A) - 1 and 2 only

Note : The real sector of the economy deals with the production side, while the nominal economy deals with the financial side. Financial activities majorly support real(production) activity, but does not contribute itself too much except the factor income it generates.

Year : 2022

Category : General Studies

9 .

With reference to foreign-owned e-commerce firms operating in India, which of the following statements is/are correct?

1. They can sell their own goods in addition to offering their platforms as market-places.

2. The degree to which they can own big sellers on their platforms is limited.

Select the correct answer using the code given below:

A)

1 only

B)

2 only

C)

Both 1 and 2

D)

Neither 1 nor 2

Correct Answer : Option (C) - Both 1 and 2

Note :

Statement 1 is correct: E- commerce firms can sell their own products in addition to offering their platforms as market place.

Statement 2 is correct: Big sellers have the limit of 25% for sale on e-commerce platform

Source : Vakil Search

Year : 2022

Category : General Studies

10 .

With reference to the India economy, what are the advantages of “Inflation-Indexed Bonds (IIBs)”?

1. Government can reduce the coupon rates on its borrowing by way of IIBs.

2. IIGs provide protection to the investors from uncertainty regarding inflation.

3. The interest received as well as capital gains on IIBs are not taxable.

Which of the statements given above are correct?

A)

1 and 2 only

B)

2 and 3 only

C)

1 and 3 only

D)

1, 2 and 3

Correct Answer : Option (A) - 1 and 2 only

Note :

Statement 1 is correct : Since these bonds provide no risk of capital loss, it can offer a lesser rate of interest (coupon) as interest is directly proportional to risk.

Statement 2 is correct : Inflation indexed bonds provide protection to investors from uncertainty regarding inflation.

Statement 3 is incorrect : Interest or inflation compensation both are taxable. There is no special treatment for these bonds.

Year : 2022

Category : General Studies

UPSC Previous Years (Prelims & Mains) Questions