Q
1. 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.
Options:
A)
Only 1
B)
1 & 2
C)
Only 3
D)
All of the above.
Answer: C
Explanation:
Thirty three
countries of Latin America and Carribean form a new regional grouping, the
Community of Latin American and Carribean States (CELAC) to strengthen
cooperation and challenge the hegemony of US. The US and Canada have not been
invited to join the group. The aim of CELAC is to be the voice of the region
and eventually make the discredited Organisation of American States(OAS)
irrelevant. OAS always took pro-US positions and CELAC is expected to replace
OAS.
Source: Frontline Jan 27,2012 Issue, World Affairs Section
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.
Options:
A)
1 & 2
B)
2 & 3
C)
1 & 3
D)
None of the above
Answer : B
Explanation:
916
corresponds to 22 carat gold. BIS hallmarking scheme is voluntary in nature.
Source- http://www.bis.org.in/cert/hallbiscert.htm#
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.
Options:
A)
Only 1
B)
1 & 2
C)
1 & 3
D)
All of the above
Answer: D
Explanation:
http://en.wikipedia.org/wiki/Master_Control_Facility_(ISRO)
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)
Options:
A)
Only 1
B)
1 & 3
C)
All of the above
D)
None of the above
Answer: D
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.
Options:
A)
Only 1
B)
2 & 3
C)
All of the above
D)
None of the above
Answer: C
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.
Options:
A)
Only 1
B)
1 & 3
C)
All of the above
D)
None of the above
Answer: C
Q7. Match the following:
1. Indignados A. Spain
2. Against Pinochet dictatorship B. Chile
3. Occupy Wall Street C. US
Options:
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
Answer: A
Explanation:
Frontline Feb 10, 2012 Cover story Rebellion and Reaction
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.
Options:
A)
Only 1
B)
Only 2
C)
Both 1 & 2
D)
Neither 1 nor 2
Answer: C
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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.
Answer: B
Explanation:
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.
Answer: C
Explanation:
Q11. GIAHS is related to
A) Agriculture
B) Health
C) Internet
D) None of the above
Answer: A
Explanation:
GIAHS stands for Globally Important Agriculture Heritage System. In order to
safeguard and support world’s agricultural heritage systems, in 2002, FAO
started an initiative for the conservation and adaptive management of Globally
Important Agriculture Heritage Systems.
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.
Options:
A)
Only 1
B)
2 & 3
C)
None of the above
D)
All of the above
Answer: A
Cyclones are
caused by atmospheric disturbances around a LOW-pressure area distinguished by
swift and often destructive air circulation. Tide gauge records are the best
and usually the only instrumental data of tsunamis. http://ndma.gov.in/ndma/index.html
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.
Options:
A)
Only 1
B)
Only 2
C)
Both 1 & 2
D)
Neither 1 nor 2
Answer: B
In India, credit rating agencies are
regulated by SEBI. The SEBI (Credit Rating Agencies) Regulations, 1999 govern
the credit rating agencies and provide for eligibility criteria for their
registration, monitoring and review of ratings, requirements for a proper
rating process, avoidance of conflict of interest, code of
conduct and inspection of rating agencies by SEBI, among other
things.
Credit ratings are not based on
mathematical formulas. Instead, credit rating agencies use their judgment and
experience in determining what public and private information should be
considered in giving a rating to a particular company or government.
Q14. Which of the following is a star?
A) Kepler 20e
B) Kepler 20f
C) Gliese 581
D) None of the above
Answer: C
On December 20,
2011, the Kepler Space Telescope team reported the
discovery of the first Earth-sized extrasolar planets, Kepler-20e
and Kepler-20f, orbiting
a Sun-like star.
While the planets are Earth-sized, they are not Earth-like in
other important respects: they are "nowhere near a habitable
zone" according to the NASA report. Please
note that Gliese 581g is a planet orbiting the red dwarf star Gliese 581. Source Wiki
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.
Answer: Only 2
Individual
particulars conducted under the Census Act, 1948, are kept confidential. The
SECC, 2011 requires putting such statistics (except for caste-related data) in
the public domain. So, SECC, 2011 was not conducted under Census Act, 1948.
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
Answer:
D
In case
of failure to supply the entitled quantities of food grains or meal to entitled
persons under Chapters II, III and IV, (in the draft) such persons shall be
entitled
to
receive food security allowance from the concerned State Government, to be paid
to each person within such time and manner as may be prescribed by the Central
Government.
The
State/National Commission shall undertake the following functions, namely:
either suo
motu or on receipt of complaint inquire into violations of entitlements
provided
under
Chapters II, III and IV;
For
expeditious and effective redressal of grievances in matters relating to
distribution of entitled foodgrains and meal under Chapters II, III, and IV of
this Act, a District Grievance Redressal Officer, with required staff, shall be
appointed by the State Government for each District, to enforce various entitlements
under this Act, and investigate and redress grievances, in accordance with the
manner prescribed by the Central Government.
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
Answer:
B
Explanation:
While
the economically weaker
states are catching up in growth rates, there is
growing
concern
about the backwardness of individual districts, several of which are located in
States that are otherwise doing well. The
Backward Regions Grant Fund and various other regional initiatives have been
specially designed to address this problem.
Each Panchyat or Muncipality within the backward district concerned will be the
unit for planning under BRGF. Plans prepared by each Panchayat or Muncipality
will be consolidated into the District Plan by the District Planning Committee
constituted in accordance with Article 243ZD of the Constitution.
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
Answer:
B
Import dependence
in the case of petroleum has always been high and is projected to be 80 percent
in the Twelfth Plan. However, even in the case of coal, import dependence is
projected to increase as the growth of thermal generation will require coal
supplies which cannot be fully met from domestic mines.
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
Answer: D
Rational
energy pricing is critical for both effective demand management and a healthy
supply
response. It is relevant for demand management, because energy users have no
incentive
to economize if energy is under‐priced. It is also relevant for expansion of domestic supply, because under‐pricing of energy
imposes a large burden on the energy producers reducing
the resources that should accrue to them for financing new investments in these
areas. The poor will need subsidy, which should be strictly targeted, but
energy prices in general cannot be delinked from global price levels,
particularly in a situation where import dependence is increasing.
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
Answer: C
Explanation:
Q22. Energy Efficiency Mission does not
consist of
A) Standards and Labelling of
equipment & appliances.
B) Energy Efficiency in buildings,
Industry.
C) Residential lighting
D) Providing subsidized energy.
Answer: D
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
Answer: B
Because the
ethanol molecule contains oxygen, it allows the engine to more completely
combust the fuel, resulting in fewer emissions, hence it is a clean fuel. Since
ethanol is produced from plants that harness the power of the sun, ethanol is
also considered a renewable fuel. As part of the focus on clean fuel
approach, ethanol blending of 5 per cent in petrol was initiated during
Eleventh Plan and currently about 3–5 per cent of ethanol is blended in petrol.
Currently they are considering increasing the percentage of ethanol to 10%. The second statement is true.
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
Answer: C
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
Answer: D
