Questions

Q:

In December 2017, Mid-Term Review of the Foreign Trade Policy (FTP) was released. The review announced how much percent increase each in incentive rates of
Merchandise Exports from India Scheme and Services Export from India Scheme?

A) 5% B) 10%
C) 2% D) 15%
 
Answer & Explanation Answer: C) 2%

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Q:

In September 2017, a Nation Wide campaign was launched to sensitise women about the preventive care for cancer. The theme of this Campaign was‘Nurturing the Nurturer’. Who launched this Campaign?

A) Anupriya Patel B) Rajiv Gauba
C) Hasmukh Adhiya D) Injeti Srinivas
 
Answer & Explanation Answer: A) Anupriya Patel

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Q:

Who among these union ministers in the PM Narendra Modi cabinet belongs to the Shiv Sena party?

A) Sadanand Gowda B) NitinGadkari
C) Anant Geete D) Uma Bharti
 
Answer & Explanation Answer: C) Anant Geete

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Q:

A series is given, with one term missing. Choose the correct alternative from the given ones that will complete the series.

NOA, PQB, RSC, ?

A) TUD B) TVD
C) TUE D) TVE
 
Answer & Explanation Answer: A) TUD

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Q:

Which country has released its next-generation 'Xian' H-20 stealth bomber?

A) China B) USA
C) India D) Japan
 
Answer & Explanation Answer: A) China

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Q:

‘Swavalamban Sashakt – Mega Campaign’ has been launched by Confederation of Women Entrepreneurs of India (COWE) and ………….?

A) SIDBI B) LIC
C) ECGC D) DRDO
 
Answer & Explanation Answer: A) SIDBI

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Q:

The principles of internal control include

A) Maintain Records B) Segregate of Duties
C) Mandatory Employee Rotation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.


The main internal control principles include:

  • Establish Responsibilities
  • Maintain Records
  • Insure Assets by Bonding Key Employees
  • Segregate of Duties
  • Mandatory Employee Rotation
  • Split Related Party Responsibility
  • Use Technological Controls
  • Perform Regular Independent Reviews

 

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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