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Q:

Which   one   of   the   following   is   not   a component  of  Revenue  Receipts  of  the Union Government?

A) Corporate tax receipts B) Dividends and profits
C) Disinvestment receipts D) Interest receipts
 
Answer & Explanation Answer: C) Disinvestment receipts

Explanation:

Revenue    receipts    are    regular source of Government of India, but Disinvestment   receipts   are   not regular    source    of    Income    of Government  and  all  other  given are regular

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

Which     of     the     following     statements regarding   Indian   federal   system   is/are correct?

1.All States have equal representation in the Rajya Sabha.

2.Consent  of  a  State  is  not  required  for altering its boundaries.

3.There is no dual citizenship in India.

Select  the  correct  answer  using  the  code given below.

A) 1, 2 and 3 B) 2 and 3 only
C) 1 and 3 only D) 2 only
 
Answer & Explanation Answer: B) 2 and 3 only

Explanation:

Besides  some  federal  features,the Constitution of India also has some unitary  features  as  well.  All  States have  no  equal  representation  in the  Rajya  Sabha,because  in  India the states are given representation in the Rajya Sabha on the basis of population.  Hence,  the  number  of representatives  varies  from  state to    state, for    instance,    Uttar Pradesh  has  31  members  whereas Tripura  has  only  1  member.This principle    is    considered    as    a safeguard    for    smaller    states.States  in  India  also  have  no  right to territorial integrity. The Parliament  can  change  the  area,boundaries  or  name  of  any  state by unilateral action, So the consent of   a   State   is   not   required   for altering  its  boundaries,Moreover,despite dual Polity,the Constitution  of  India  adopted  the system  of Single citizenship.There is  only  Indian  citizenship  and  no separate state citizenship.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

Q:

Which  of  the  following  statements  with regard to Panchyats in India are correct?

1.Seats ina Panchayat are filled by direct election from the territorial constituencies in the Panchayat area.

2.The Gram Sabha is the body of persons registered in the electoral rolls relating to   a   village   within   the   Panchayat area.

3.The  Panchayats  work  on  the  principle of constitutional autonomy.

4.The   State   Legislature may   be   law endow  the  Panchayats  with  the  power and   authority   to   enable   them   to function.

Select  the  correct  answer  using  the  code given below.

A) 1, 2 and 3 B) 2, 3 and 4
C) 1, 2 and 4 D) 1 and 4 only
 
Answer & Explanation Answer: C) 1, 2 and 4

Explanation:
All are correct except 3, as Panchayats don’t have constitutional autonomy to work.
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Filed Under: Indian Politics
Exam Prep: Bank Exams

Q:

To be eligible to contest election under the Haryana Panchayati Raj (Amendment) Act, 2015, a candidate should

1.have a functional toilet at home

2.have payment slips of power bills

3.not be a cooperative loan defaulter

4.have studied  minimum   matriculation irrespective of category.

Select the  correct  answer  using  the  code given below.

A) 1, 2 and 3 only B) 1, 2 and 4 only
C) 1, 2, 3 and 4 D) 3 and 4 only
 
Answer & Explanation Answer: B) 1, 2 and 4 only

Explanation:

Following   are   the   qualifications which    have    to    be    met    for contesting    elections    under    the Haryana Panchayat raj:

For general  candidate  men  must  have passed   class   X,   class   VIII   for women   and   Scheduled   cast/ST, class    V    for    schedule    cast/ST women  for  elections  contesting  in the  Zila  Parishad,  Panchay  Samiti and   Post   of   the   Sarpanch.The candidate must have the functional toilet    in    his/her    home.There should  not  be  any  insolvency  or failure  to  pay  the  arrears  in  any case    such    as,    like    to    any cooperative  society,  any  bank  or electricity  bill.  The  candidate  must be clean in character likewise there should not be any charge sheet filed which  may  lead  to  imprisonment  of upto  10  years  against  the  candidate in   any   court   in   India.In   case   of Rajasthan,  the  candidate  must  not be the Leprosy Patient.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

Q:

Which  of  the  following  statements  about the    Shiromani    Gurudwara    Prabandhak Committee (SGPC) are correct?

1.It  began  as  the  political  wing  of  the Singh Sabhas in the late 19th century.

2.It  was  formed  in  1920 as  part  of  the upcoming Akali movement.

3.It was founded to reclaim control of the Sikh   shrines   from   the   government manipulated loyalist committees.

4.It  formed  the  Akali  Dal to  coordinate groups  (Jathas)  to  reclaim  control  of the shrines.

Select  the  correct  answer  using  the  code given below.

A) 1, 3 and 4 B) 2, 3 and 4
C) 2 and 4 only D) 2 and 3 only
 
Answer & Explanation Answer: B) 2, 3 and 4

Explanation:

All are correct except 1. The Shiromani Gurdwara Parbandhak   Committee(orSGPC) is an organization in India responsible for the management of gurdwaras, Sikh places of worship in three states of Punjab, Haryana,   and Himachal Pradesh and union territory of Chandigarh. SGPC also administers Harmandir Sahibin Amritsar.  In  1920,  Sikhs held  their  scheduled  meeting  and elected     a     bigger     committee consisting  of  175   members  and named     it Shiromani     Gurdwara Parbandhak Committee.

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Filed Under: Indian History
Exam Prep: Bank Exams

Q:

Consider the  following statements  about the Second Five-Year Plan :

1.It  was  drafted  under  the  leadership  of K. N. Raj

2.It    proposed    that    industries    like electricity,  railways,  steel,  machineries and communication could be developed in the public sector.

3.The  drafters  found  balancing  industry and agriculture very difficult.

4.The  drafters  found  balancing  industry and agriculture really easy.

Which of the statements given above is/are correct?

A) 1 only B) 1 and 2
C) 2 and 3 D) 3 and 4
 
Answer & Explanation Answer: C) 2 and 3

Explanation:

The   Second   Five-year   plan   was drafted  under  the  leadership  of  P. C.   Mahalanobis. It   focused   on heavy    industries    and    followed socialist  pattern  of  society  as  its goal.Since savings and investment were growing in this period, a bulk of  these  industries  like  electricity railways,   steel, machineries   and communication could be developed in the public sector. However it had its   problems   as   well,because industry attracted more investment than  agriculture,  the  possibility  of food shortage became adverse.So, the    planners    found    balancing industry    and    agriculture    really difficult;  while  K.  N.  Raj  drafted sections  of  India’s  first  Five-Year Plan

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Filed Under: Indian Politics
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Q:

The pH value of a sample of multiple-distilled water is

A) zero B) 14
C) very near to zero D) very near to seven
 
Answer & Explanation Answer: D) very near to seven

Explanation:

Water  is  neutral  and  has  a  pH value  of  7  and  because  here it  is multiple distilled water, it would be very near to seven

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Filed Under: Chemistry
Exam Prep: Bank Exams

Q:

Suppose voltage V is applied across a resistance R. The power dissipated in the resistance is P. Now the same voltage V is applied across a parallel combination of three equal resistors each of resistance R. Then the power dissipated in the second case will be

A) P B) 3P
C) p/3 D) 2p/ 3
 
Answer & Explanation Answer: B) 3P

Explanation:

P= I^2.R where, I= Current, P= Electric Power, R=Resistance. Here all the resistance is put in parallel combination and in parallel combination the value of Resistance decreases and dissipation of power increase, hence 3 times more power will be dissipated(3P).

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Filed Under: Physics
Exam Prep: Bank Exams