UPSC Prelims Mini Mock Test: 65

The Upper House of Egypt parliament is known as:

Which of the following is / are correct statements about the Finance Commission in India?

1. The qualifications for the chairman and other members of the finance commission are laid down in the constitution
2. The recommendations of the finance commission are binding on neither parliament nor president

Select the correct option from the codes given below:

Consider the following statements:

1. The geomagnetic field is greatest near the poles and weaker near the Equator
2. The variation in the Earth's magnetic field is recorded in igneous rocks

Which of the above statements is/are correct?

Consider the following statements regarding the Government Securities (G-sec) market:

1. G-sec markets are generally devoid of uncertainties of returns.
2. Negotiations in G-sec markets are generally conducted via auctions.
3. G-sec markets remain unaffected by the bull and bear phases of the financial markets.

Which of the above statements is / are correct?

Consider the following:

1. Corporation Tax
2. Grants Received from a foreign country
3. Loans from International Fund
4. Interest free loans from IDA

Which of the above is / are considered as "Revenue Receipts" of the Government?