1951: In India, deficit financing is used for raising resources for
(a) economic development
(b) redemption of public debt
(c) adjusting the balance of payments
(d) reducing the foreign debt
1952: The President of India National Congress as the time of partition of India was
(a) C Rajagopalachari
(b) J B Kripalani
(c) Jawaharlal Nehru
(d) Maulana Abul Kalam Azad
1953: A spherical body moves with a uniform angular velocity around a circular path of radius r. Which one of the following statements is correct?
(a) The body has no acceleration
(b) The body has a radial acceleration 2r directed towards the centre of the path.
(c) The body has a radial acceleration 2/5 2r directed away from the centre of the path.
(d) The body has an acceleration 2r tangential to its path
1954: Consider the following statements:
1. In the Third Battle of Panipat, Ahmed Shah Abdali defeated Ibrahim Lodi.
2. Tipu Sultan was killed in the Third Anglo-Mysore War.
3. Mir Jafar entered in a conspiracy with the English for the defeat of Nawab Siraj-ud-daulah in the Battle of Plassey.
Which of the statements given above is/are correct?
(a) 1, 2 and 3
(b) 3 only
(c) 2 and 3
(d) None
1955: A consumer is said to be in equilibrium, if
(a) he is able to fulfil his need with a given level of income
(b) he is able to live in full comforts with a given level of income
(c) he can fulfil his needs without consumption of certain items
(d) he is able to locate new sources of income