Q:

Which one of the following statements about the justice Party is not correct?

A) It clamoured for the same kind of separate communal representation for the Non-Brahmins as had been granted to the Muslims by the Morley-Minto Reforms.	B) It was patronized mainly by richer landowning and urban middle class Non-Brahmins.
C) It succeeded in getting the provision for 28 reserved seats for the Non-Brahmins in the Montagu-Chelmsford Reforms.	D) It supported the call given by the Congress toboycott elections in 1920.

Answer & Explanation Answer: D) It supported the call given by the Congress toboycott elections in 1920.

Explanation:

The Justice Party was a political party in the Madras Presidency of British India. It was founded byT. M. Nairand P. Theagaraya Chetty in 1916. Communal division between Brahminsand non-Brahmins began in the presidency during the late-19th and early-20th century, mainly due to caste prejudices and disproportionate Brahminical representation in government jobs. The Justice Party's foundation marked the culmination of several efforts to establish an organisation to represent the non-Brahmins in Madras. Founders of Justice Party though that Congress was mainly Brahmin party, so it started opposing Congress

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Q:

In November 2017, a report titled ‘Credit Suisse Global Wealth Report’ was released. As per this report, what was approximate total household wealth of India?

A) $ 5 Trillion	B) $ 1 Trillion
C) $ 10 Trillion	D) $ 15 Trillion

Answer & Explanation Answer: A) $ 5 Trillion

Explanation:

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Q:

The Government of India has been actively working on the provisions of ‘FRDI’ Bill, 2017. What does ‘D’ stand for in ‘FRDI’?

A) Destruction	B) Demand
C) Deposit	D) Department

Answer & Explanation Answer: C) Deposit

Explanation:

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Q:

In India, The President’s Rule continues for six months, but it can be extended for a maximum period of ______ with the approval of the Parliament, every six months.

A) one year	B) two years
C) three years	D) four years

Answer & Explanation Answer: C) three years

Explanation:

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Q:

Which of the following minerals is not found in the plateau regions?

A) Coal	B) Iron ore
C) Mineral oil	D) Manganese

Answer & Explanation Answer: C) Mineral oil

Explanation:

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Q:

Which institution is to provide USD 304 million loan to Assam to enhance Inter-state Power Transmission Project?

A) AIIB	B) World Bank
C) New Development Bank	D) ADB

Answer & Explanation Answer: A) AIIB

Explanation:

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Q:

Which of the following is not true regard to Goods and Services Tax (GST) ?

A) It will replace luxury tax	B) It is a direct tax
C) It will replace multiple taxes on a product or service	D) It is an indirect tax

Answer & Explanation Answer: B) It is a direct tax

Explanation:

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Filed Under: Indian Economy
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Q:

If saving exceeds investment, the national income will ___________.

A) fall	B) fluctuate
C) remain constant	D) rise

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