Accounts Quiz

1. In the context of India’s tea industry, which of the following statements is/are correct?

  1. India is the largest producer of tea in the world.
  2. Darjeeling tea is known as the ‘Champagne of Teas’.
  3. Black tea accounts for 96 percent of India’s total tea exports.

Select the correct option from the codes given below:

[A] Only 1 & 3
[B] Only 2 & 3
[C] Only 1 & 2
[D] 1, 2 & 3

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2. Regarding the concept of government borrowing and securities, consider the following statements:

  1. Government securities can have maturities ranging from 3 to 50 years.
  2. Sovereign green bonds are exclusively used for funding education projects.
  3. The Reserve Bank of India sets the Ways and Means Advances limit for government accounts.

How many of the above statements is/are correct?

[A] Only one
[B] Only two
[C] All three
[D] None

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3. Consider the following statements regarding the Bt Cotton:

  1. Cotton, also known as White Gold, accounts for roughly two-thirds of total textile fiber consumption in India.
  2. Bt cotton is the only GM crop approved for commercial cultivation in the country by the Genetic Engineering Appraisal Committee (GEAC) in 2002.
  3. Bollgard-3 is a genetically modified cotton variety that contains multiple Bt proteins for pest resistance.

Which of the above statements is/are correct?

[A] Only one
[B] Only two
[C] All three
[D] None

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4. In the context of the Public Accounts Committee (PAC), which of the following statements is/are correct?

  1. The Public Accounts Committee is responsible for examining government expenditure and ensuring accountability.
  2. PAC consists of thirty members, all from Lok Sabha for a term of one year.

Select the correct option from the codes given below:

[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2

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5. In the light of digital payment systems, consider the following statements:

  1. Unified Payments Interface (UPI) was launched by the National Payments Corporation of India (NPCI) in 2016.
  2. PayPal is an example of a digital wallet that allows users to make payments through UPI.
  3. UPI allows users to link multiple bank accounts to a single mobile application.

How many of the above statements are correct?

[A] Only one
[B] Only two
[C] All three
[D] None

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6. With respect to PM SVANidhi, which of the following statements is/are correct?

  1. It is a Central Sector Scheme under the Ministry of Finance.
  2. It provides collateral-free working capital loans.
  3. The scheme is available only to beneficiaries from States/UTs that have notified rules and a scheme under the Street Vendors Act, 2014.
  4. An interest subsidy of 25% per annum is credited to beneficiaries’ bank accounts for timely or early loan repayment.

Select the correct option from the codes given below:

[A] Only one
[B] Only Two
[C] Only three
[D] All Four

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7. Regarding Sufi literature and its components, consider the following statements:

  1. Maktubat are collections of letters written by Sufi masters to their disciples.
  2. Tazkiras are biographical accounts of saints, often glorifying their spiritual genealogies.
  3. Malfuzats were compiled over centuries and had didactic purposes.

How many of the above statements are correct?

[A] Only one
[B] Only two
[C] All three
[D] None

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8. Consider the following:

  1. Ibn Batuta traveled to India during the reign of Akbar
  2. Marco Polo’s accounts were primarily focused on the northern regions of India

Which of the above statements is / are correct?

[A] Only 1
[B] Only 2
[C] Both 1 and 2
[D] Neither 1 nor 2

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9. Consider the following:

  1. Maasir-i-Alamgiri
  2. Maasir-ul-Umara
  3. Fatu-hat-i-Alamgiri

Which of the above works provides detailed accounts of Aurangzeb’s reign?

[A] Only 1 & 2
[B] Only 2
[C] 1, 2 & 3
[D] 1 & 3

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10. Consider the following pairs:

Al-BiruniFamous Persian scholar known for his work on India
Ibn BattutaNoted for his travel accounts across the Islamic world
Fa-HienChinese monk who traveled to India to study Buddhism

How many of the above pairs are correctly matched?

[A] Only one pair
[B] Only two pairs
[C] All three pairs
[D] None of the pairs

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