Test 1

Q1. Which of the following is/are true about CELAC?

1. The US and Canada were invited to join the group.

2. OAS is an integral cog of CELAC.

3. Thirty three countries formed the group to strengthen cooperation and challenge the hegemony of US.

A)   Only 1

B)   1 & 2

C)   Only 3

D)   All of the above

Q2.  Which of the following is/are incorrect?

1. Hallmarking of Gold is operated by BIS agency which is under Consumer Affairs Ministry of India.

2. 916 corresponds to 24 Carat gold

3. BIS hallmarking scheme is mandatory for all the jewellers.

A)   1 & 2

B)   2 & 3

C)   1 & 3

D)   None of the above. 

Q3. Which of the following is/are true about Master Control Facility(ISRO)?

1. It is a facility set up by ISRO in Hassan, Karnataka.

2. It has three Internal Divisions - Spacecraft Control Center, Mission Control Center, Earth Station.

3. C G Patil is the current director of MCF.

A)   Only 1

B)   1 & 2

C)   1 & 3

     D)All of the above 

   

     Q4. Pick the incorrect statement.

1.National Investment and Manufacturing Zones (NIMZ)with land area of atleast 5000 hectares are greenfield integrated industrial townships.

2.Industrial townships are self-governing, autonomous bodies under Article 243(Q-c) of constitution

3. The first phase of NIMZ will be established in Delhi Mumbai Industrial Corridor(DMIC)

A)   Only 1

B)   1 & 3

C)   All of the above

D)   None of the above

Q5.  Which of the following is/are true about KYC?

1. There were different KYC processes for different segments of capital markets.

2. SEBI has a uniform and simple KYC starting from Jan,2012 by launching KYC Registration Agency at Bombay Stock Exchange.

3.Aadhar UID has been approved as one of the eligible documents for filling out KYC forms.

A)   Only 1

B)   2 & 3

C)   All of the above

D)   None of the above

Q6. Which of the following is true about cholesterol?

1. Cholesterol is a solid, waxy substance produced by all animals as a part of their metabolism.

2. If blood and tissue levels of cholesterol were to drop to zero, death would rapidly ensue.

3. Liver produces cholesterol.

A)   Only 1

B)   1 & 3

C)   All of the above

D)   None of the above

Q7. Match the following:

1. Indignados                              A. Spain

2. Against Pinochet dictatorship   B. Chile

3. Occupy Wall Street                C. US

A)   1-A,2-B,3-C

B)   1-B,2-A,3-C

C)   1-A,2-C,3-B

D)   1-B,2-C,3-A

Q8.Which of the following statements is/are true with respect of Lokpal, Lokayukta?

1.The Lokpal and Lokayuktas Bill is brought under Article 253 to implement UN Convention Against Corruption, signed and ratified by India.

2. Article 253 empowers Parliament to implement the UN Convention and provides for setting up Lokayuktas in states, even though doing so may impinge upon certain subject matters belonging to the State List.

A)   Only 1

B)   Only 2

C)   Both 1 & 2

D)   Neither 1 nor 2

Q9. Under-recovery means

      A) Not regaining normal health of a person post-surgery

      B) Gap between the local price of fuel and what would have been the price if the fuel were imported.

      C)  Not fetching the current market price of an asset when sold.

      D)  Such a term does not exist.

      Q10. Which of the following scenarios represent stagflation?

       A)  Inflation is stagnant, Economic growth is stagnant, Unemployment is stagnant

       B)  Inflation is low, Economic growth is low, Unemployment is low.

       C)   Inflation is high, economic growth is low, unemployment is high

       D) There is no such word as stagflation.

      Q11. GIAHS is related to

 A) Agriculture

 B) Health

 C) Internet

 D) None of the above

Q12. Which of the following is/are true?

1. 59% of India’s geographical area falls under earthquake vulnerable zones.

      2. Cyclones are caused by atmospheric disturbances around a high-pressure area distinguished by swift and       often destructive air circulation.

      3. There is no data available on tsunamis.

     

     A)   Only 1

     B)   2 & 3

     C)   None of the above

     D) All of the above

     Q13. Which of the following is/are incorrect?

      1.   Credit Ratings are not based on mathematical formulae.

      2.    In India, credit rating agencies are regulated by Ministry of Finance.

A)   Only 1

      B)   Only 2

     C)   Both 1 & 2

     D)   Neither 1 nor 2 

      Q14. Which of the following is a star?

        A) Kepler 20e

        B) Kepler 20f

        C) Gliese 581

        D) None of the above


      Q15. Which of the following is/are true?

        1.  Socio Economic & Caste Census(SECC), 2011 was conducted under Census Act, 1948

        2. 2002 BPL Census was done on a stand-alone basis, where as SECC, 2011 (BPL numbers) is done jointly for rural and urban areas along with Caste Census.

       A) Only 1

       B) Only 2

       C) Both 1 & 2

       D) Neither 1 or 2

      Q16. Which of the following are true?
      
        1. Unlike Ltd companies, Inc refers to a company that has no restrictions for members as far as their shares are concerned.

        2. The ‘Inc’ designation is best for large business organizations, whereas, the ‘Ltd’ is better for smaller businesses.

        3. Inc may have more business owners than the Ltd companies that have a limited number of business owners.

       4. As far as the Inc company is concerned, the stockholders, directors and officers are not questionable for the debts and other obligations of the company. Ltd companies do not have these same rules.

      A)   1,2,3

      B)   2,3,4

     C)   1,2,4

     D)   1,2,3,4


      Q17. Which of the following is true with respect to National Food Security Bill,2011?

       1. Everyone is entitled to food security allowance from Central Government in case of failure to supply food grains or meal.

       2.  The National and State Food Commissions cannot act suo moto.

       3. The main disadvantage of this Act is that there is no Grievance redressal mechanism in place.

  

      Options:

      A)   Only 1

      B)   2 & 3

      C)   All of the above

      D)   None of the above

     Q18.  Which of the following is/are true regarding Backward Region Grant Fund (BRGF)?

        1. Each district in the backward state concerned will be the unit for planning under BRGF.

        2. All funds are released to Consolidated Funds of State Govts, from where State Governments transfer them to Panchayts and Muncipalities’ bank accounts

      Options:

      A)   Only 1

      B)   Only 2

     C)   Both 1 & 2

     D)   Neither 1 or 2

     Q19. Which of the following is/are incorrect?

      1. Import dependence in the case of petroleum has always been high and is projected to be 80 percent in the Twelfth Plan.

      2. However, in the case of coal, import is projected to decrease as coal supplies for thermal generation can be fully met from domestic mines.

     Options:

     A)   Only 1

     B)   Only 2

     C)   Both 1 & 2

     D) Neither 1 or 2

     Q20. Which of the following is/are correct?

      1. Rational energy pricing is not recommended since energy has to be supplied at a subsidized cost to the majority of India.

      2. Energy prices should be independent of global price levels and the balance cost should be afforded by the Government.

      Options:

      A) Only 1

      B) Only 2

      C) Both 1 & 2

      D) Neither 1 or 2

     Q21. Identify the correct option based on the following statements.

      1.  Also known as parvalue, it is independent of the market fundamentals

      2.  It changes only when splitting of shares takes place.

      3.  The deciding factor of this is the capital of the company.

      4.  The company promises not to issue any share below this value.

     Options:

     A)   Bid Value

     B)   Premium value

    C)   Face value

    D) Dividend

     Q22. Energy Efficiency Mission does not consist of

     1.  Standards and Labelling of equipment & appliances.

     2.  Energy Efficiency in buildings, Industry.

     3.  Residential lighting

     4. Providing subsidized energy

      Q23.  Which of the following is/are true regarding petrol in India?

       1. Ethanol blended petrol(EBP) is damaging for engines of automobiles, which is why our Government discouraged EBP.

       2. There is a need to expand the supply of bio-fuels including bio-diesel and ethanol to reduce the dependence on imported oil.

Options:
A) Only 1

B) Only 2

C) Both 1 & 2

D) Neither 1 or 2

Q24. Which of the following is/are true?

1.India has a substantial potential for creating hydro power capacity, especially in the North Eastern region.

2. Early completion of projects by accelerating the clearances, will also generate an income stream for the North Eastern States which will enable them to accelerate the pace of development.

Options:

A) Only 1

B) Only 2

C) Both 1 & 2

D) Neither 1 or 2

Q25. Which of the following is/are incorrect?

        1. The distribution segment in the power sector is clearly the weakest link in the power system.

        2. The supply of free or virtually free power to the farm sector, and its mostly un-metered nature is leading to considerable leakage.

      Options:

A) Only 1

B) Only 2

C) Both 1 & 2

D) Neither 1 or 2