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Q:

Which of the following will be the outcome if an economy is under the inflationary pressure?

1.Domestic currency heads for depreciation.

2.Exports become less competitive with imports getting costlier.

3.Cost of borrowing decreases.4.Bondholders get benefitted.

 

Select the correct answer using the code given below.

 

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

Explanation:

Creditors and debtors:

During inflation creditors lose because they receive in effect less in goods and services than if they had received the repayments during a period of low prices. Debtors, on other hand, as a group gain during inflation, since they repay their debts in currency that has lost its value.The aggregate volume of internal trade tends to increase during inflation due to higher incomes, greater production and larger spending. But the export trade is likely to suffer on account of arise in the prices of domestic goods.

The same currency unit will now buy less goods and services.But the bondholders lose as they get a fixed interest the real value of which has already fallen.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

The headquarters of ‘Economic and Social Commission for Asia and the Pacific’ is located at

A) Singapore B) Manila  
C) Bangkok D) Hong Kong
 
Answer & Explanation Answer: A) Singapore

Explanation:

The Economic and Social Commission for Asia and the Pacific (UNESCAP or ESCAP), located in the United Nations Building in Rajadamnern Nok Avenue in Bangkok, Thailand, is one of the five regional commissions of the United Nations Economic and Social Council, under theadministrative direction of the United Nations.

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Filed Under: General Awareness
Exam Prep: Bank Exams

Q:

The ‘four great needs’ of the people as identified by the Guomindang were

A) clothing food, housing and transportation B) education food, housing and health care
C) food, housing, education and employment   D) employment housing, education and health care
 
Answer & Explanation Answer: A) clothing food, housing and transportation

Explanation:

Founded in 1912, the Kuomintangis the oldest still active political party in the Chinese-speaking world.Its main leader was Sun Yat-Sen. He divided the livelihood into four parts: clothing, food, housing and transportation.

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Filed Under: Indian History

Q:

Which of the following statements about the Deccan Riots of 1875 is/are true?

1.TheDeccan Riots resulted in protection for peasants through the Deccan Agriculturalists Relief Act of 1879.

2.The riots did not spread to the whole of Maharashtra because of prompt suppression by the British.

3.The British were unable to contain the riots and they spread throughout Maharashtra.

4.The cotton boom in the Deccan that had been caused by the artificial demand generated by the American Civil War caused the impoerishment of the peasants.

 

Select the correct answer using the code given below.

 

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

Explanation:

In 1861, civil war broke out in the USA. USA was the largest supplier of cotton to Britain. Once the civil war broke out, the demand for cotton from India became high and this led to a surge in cotton cultivation in India and there was a period of ‘boom’ then.In May and June 1875, peasants of Maharashtra in some parts of Pune, Satara and Ahmednagar districts revolted against increasing agrarian distress. The Deccan Riots of 1875 targeted conditions of debt peonage (kamiuti) to moneylenders.In 1879, the Agriculturists Relief Act was passed which ensured that the farmers could not be arrested and imprisoned if they were unable to pay their debts.

 

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Filed Under: Indian History
Exam Prep: Bank Exams

Q:

Which of the following statements about the philosopher Shankara is/are true?

1.Shankara espoused a form of Vedanta called Advaita.

2.He elaborated on the philosophy of Gaudapada.

3.Shankara tried to demonstrate that the Upanishads and Brahmasutras contain a unified, systematic philosophy.

4.Shankara founded the Amanaya Mathas.

 

Select the correct answer using the code given below.

 

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

Explanation:

Adi Shankara or Shankara, was an early 8th century Indian philosopher and the ologian who consolidated the doctrine of Advaita Vedanta.
He is credited with unifying and establishing the main currents of thought in Hinduism. It is with his teacher Govinda, that Shankara studied Gaudapadiya Karika, as Govinda was himself taught by Gaudapada.

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Q:

Consider the following statement :“If you feel you are trapped in a black hole, don’t give up. There is a way out “Who among the following made the above statement?

A) Albert Einstein B) Stephen Hawking
C) C. V. Raman D) Abdus Salam
 
Answer & Explanation Answer: B) Stephen Hawking

Explanation:

"If you feel you are trapped in a black hole, don't give up. There is a way out." —Stephen Hawking.

 

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Q:

A citizen of India will lose his or her citizenship if he or she

1.renounces Indian citizenship

2.voluntarily acquires the citizenship of another country

3.marries a citizen of another country

4.criticizes the Government

 

Select the correct answer using the code given below.

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

Explanation:

The Citizenship Act, 1955, prescribes three ways of losing citizenship whether acquired under the Act or prior to it under the Constitution, viz. renunciation, termination and deprivation:

1. By Renunciation: Any citizen of India of full age and capacity can make adeclaration renouncing his Indian citizenship.

2. By Termination: When an Indian citizen voluntarily (consciously, knowingly and without duress, undue influence or compulsion) acquires the citizenship of another country.

3. By Deprivation:It is a compulsory termination of Indian citizenship by the Central government, if:

●the citizen has obtained the citizenship by fraud:●the citizen has shown disloyalty to the Constitution of India:

●the citizen has unlawfully traded or communicated with the enemy during a war;

●the citizen has, within five years after registration or naturalisation, been imprisoned in any country for two years; and

●the citizen has been ordinarily resident out of India for seven years continuously

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Filed Under: Indian Politics
Exam Prep: Bank Exams

Q:

Which of the following fundamental rights as enshrined in the Constitution of India belong only to the citizens?

1.Article 19 (Protection of right to freedom of speech)

2.Article 21 (Protection of life and personal liberty)

3.Article 15 (Prohibition of discrimination)4.Article 16 (Equality of opportunity)

 

Select the correct answer using the code given below.

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

Explanation:

Fundamental Rights available to only citizens and not foreigners

●Prohibition of discrimination on grounds of religion, race, caste, sex or place of birth (Article 15).

●Equality of opportunity in matters of public employment (Article 16).

●Six basic freedoms subject to reasonable restrictions (Article 19).

●Protection of language, script and culture of minorities (Article 29).

●Right of minorities to establish and administer educational institutions (Article 30).

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Filed Under: Indian Politics
Exam Prep: Bank Exams