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Q:

In 1955, Imperial Bank of India, a leadimg commercial bank of that time was nationalised and renamed as:

A) Central Bank of India B) Bank of India
C) Indian Bank D) State Bank of India
 
Answer & Explanation Answer: D) State Bank of India

Explanation:
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Filed Under: Indian Economy

Q:

What is the name of the group of agriculture exporting countries formed in 1986, that has put agriculture on the multi lateral trade agenda at the WTO?

A) The Cairns Group B) ASEAN
C) SCANA D) NAFTA
 
Answer & Explanation Answer: C) SCANA

Explanation:
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Filed Under: Indian Economy

Q:

Gas authority of India Ltd.(GAIL) is likely to bag equity participation in a transational pipeline project from the Caspian Sea to Central Europe. What is the name of this 3,300 km pipeline project?

A) Natural Gas Transmission Company B) SNTGN Transgar SA
C) O M V Aktiengesellschaft D) Nabucco Natural Gas Pipeline Project
 
Answer & Explanation Answer: D) Nabucco Natural Gas Pipeline Project

Explanation:
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Filed Under: Indian Economy

Q:

In India national, National Income is calculated by the method which is known as

A) the combined method B) the income method
C) the product method D) the expenditure method
 
Answer & Explanation Answer: A) the combined method

Explanation:

In India, National Income is calculated by the combined method. It combines two methods i.e product or output method and the income method. This is done to overcome the problem of deficiency of statistics. The product method endeavours to find out the net contribution to national income of all producing units. The income method adds up income and payments accruing of factors of production. This method is used in the tertiary  sector like government services banking etc and also in the commoity sector if output data is not available.

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Filed Under: Indian Economy

Q:

Which is the highest form of unemployment in India?

A) seasonal B) structural
C) cyclical D) casual
 
Answer & Explanation Answer: B) structural

Explanation:

Basically India's unemployment is structural in nature. It is associated with the inadequacy of the productive capacity to create enough jobs for all those able and willing in india. Not only is the productive capacity  (largely capital stock) much below the needed quantity, it is also found to be increasing at a slow rate. As against this, additions to labour force are being made at a fast rate on account of rapidly rising population. Thus, the absolute level of unemployed persons is rising every year. 

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Filed Under: Indian Economy

Q:

The Income elasticity demand for farm products is

A) High in India B) No demand at all
C) Very low in India D) High supply and no demand
 
Answer & Explanation Answer: C) Very low in India

Explanation:

Income easticity of demand measures the responsiveness of demand for any goods to changes in income. With increase in incomes generally the demand for farm products like rice wheat etc, will not change drastically. With income increase, demand for luxuries such as consumer durables etc will increase. The income elasticity  of demand for farm products is thus low.

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Filed Under: Indian Economy

Q:

Sleeping sickness in main is caused by the organism 

A) Plasmodium B) entamoeba
C) giardia D) trypanosoma
 
Answer & Explanation Answer: D) trypanosoma

Explanation:

Trypanasoma is a protozoan animal. It lives as a parasite in the blood and later invades the cerebrospinal fluid to cause the sleeping sickness. This parasite is transmitted by the Tsetse fly.

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Filed Under: Biology

Q:

Genes are made of 

A) Carbohydrates B) Proteins
C) Fats D) Nucleotides
 
Answer & Explanation Answer: D) Nucleotides

Explanation:

Genes : The DNA is the genetic material. The DNA is made of several nucleotides. A nucleotide means, one nitrogenous base one sugar molecule and a phosphate molecule. These nucleotides occur in sequences and several nucleotides form one Gene ( a functional mgene is called a cistron)

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Filed Under: Biology