Questions

Q:

Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.

Reporters and city officials gathered at a Chicago railroad station one afternoon in 1953. The person they were meeting was the 1952 Nobel Peace Prize winner. A few minutes after the train came to a stop, a giant of a man - six feet four inches - with bushy hair and a large moustache stepped out from the train. Cameras flashed. City officials approached him with hands outstretched. Various people began telling him how honoured they were to meet him.

The man politely thanked them and then, looking over their heads, asked if he could be excused for a moment. He quickly walked through the crowd until he reached the side of an elderly black woman who was struggling with two large suitcases. He picked up the bags with a smile, escorted the woman to a bus. After helping her aboard, he wished her a safe journey. As he returned to the greeting party he apologized, "Sorry to have kept you waiting." Not many whites would have done what he did.

The man was Dr. Albert Schweitzer, the famous missionary doctor who had spent his life helping the poor in Africa. In response to Dr. Schweitzer's action, one member of the reception committee said with great admiration to the reporter standing next to him, "That's the first time I ever saw a sermon walking."


Dr. Albert Schweitzer _____ .

A) was not prejudiced against Whites B) was not prejudiced against Blacks
C) was prejudiced against Whites D) was prejudiced against Blacks
 
Answer & Explanation Answer: B) was not prejudiced against Blacks

Explanation:
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Q:

What is hedging?

Answer

Hedging is a tool to minimize the risks. It is thus like an 'insurance' where one pays a premium but gets an assured amount in case of some uncertain event to the extent of the loss actually suffered on an equally opposite position for which the hedge was done. Thus, hedger is different from arbitrageur and speculators, as the intention here is not to maximize the profit but to minimize the loss.


E.g. In Capital Markets, suppose an investor has an equity portfolio of Rs. 2 lacs and the portfolio consists of all the major stocks of NIFTY. He thinks the market will improve in the long run but might go on a downside in the shortrun. NIFTY today stands at 4300. To minimize the risk of downfall, he enters into an option contract by buying NIFTY-PUT of strike 4300 at a premium of, say, Rs. 100. Thus, the actual amount paid is Rs. 5,000(lot size of NIFTY is 50). Also, the number of NIFTY-PUTs to be bought will vary on the beta of the portfolio so as to completely hedge the positon. 

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Q:

Father of Email

Email1498884677.jpg image

A) A B) B
C) C D) D
 
Answer & Explanation Answer: B) B

Explanation:

Ray Tomilson

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Q:

Independent is the newspaper founded by

A) B.R. Ambedkar B) Jawaharlal Nehru
C) Mothilal Nehru D) Bipin Chandra Pal
 
Answer & Explanation Answer: C) Mothilal Nehru

Explanation:
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Q:

Choose the correctly spelt word:-

A) Sepulchral B) Sepalchrle
C) Sepalchral D) Sepulchrle
 
Answer & Explanation Answer: A) Sepulchral

Explanation:

Sepulchral is spelt correctly which means joyless

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Q:

Waksman got the noble prize for the discovery of

A) Streptomycin B) Chloromycetin
C) Pencillin D) Neomycin
 
Answer & Explanation Answer: A) Streptomycin

Explanation:

In 1952, Waksman was awarded the Nobel Prize in Physiology or Medicine in recognition "for his discovery of streptomycin," the first antibiotic active against tuberculosis.

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Q:

Cyclones are called as hurricanes in 

A) Bangladesh B) China
C) Gulf of Mexico and Carribean Sea D) Japan
 
Answer & Explanation Answer: C) Gulf of Mexico and Carribean Sea

Explanation:

Tropical cyclones are also known as 'typhoons' in china, and Willy Willies in Australia.

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Q:

Select the synonym of
to preside

A) to acquiesce B)  to concur
C) to officiate D) to accord
 
Answer & Explanation Answer: C) to officiate

Explanation:
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