Accounts Quiz
1. In the context of India’s tea industry, which of the following statements is/are correct?
- India is the largest producer of tea in the world.
- Darjeeling tea is known as the ‘Champagne of Teas’.
- Black tea accounts for 96 percent of India’s total tea exports.
Select the correct option from the codes given below:
2. Regarding the concept of government borrowing and securities, consider the following statements:
- Government securities can have maturities ranging from 3 to 50 years.
- Sovereign green bonds are exclusively used for funding education projects.
- The Reserve Bank of India sets the Ways and Means Advances limit for government accounts.
How many of the above statements is/are correct?
3. Consider the following statements regarding the Bt Cotton:
- Cotton, also known as White Gold, accounts for roughly two-thirds of total textile fiber consumption in India.
- Bt cotton is the only GM crop approved for commercial cultivation in the country by the Genetic Engineering Appraisal Committee (GEAC) in 2002.
- Bollgard-3 is a genetically modified cotton variety that contains multiple Bt proteins for pest resistance.
Which of the above statements is/are correct?
4. In the context of the Public Accounts Committee (PAC), which of the following statements is/are correct?
- The Public Accounts Committee is responsible for examining government expenditure and ensuring accountability.
- PAC consists of thirty members, all from Lok Sabha for a term of one year.
Select the correct option from the codes given below:
5. In the light of digital payment systems, consider the following statements:
- Unified Payments Interface (UPI) was launched by the National Payments Corporation of India (NPCI) in 2016.
- PayPal is an example of a digital wallet that allows users to make payments through UPI.
- UPI allows users to link multiple bank accounts to a single mobile application.
How many of the above statements are correct?
6. With respect to PM SVANidhi, which of the following statements is/are correct?
- It is a Central Sector Scheme under the Ministry of Finance.
- It provides collateral-free working capital loans.
- The scheme is available only to beneficiaries from States/UTs that have notified rules and a scheme under the Street Vendors Act, 2014.
- 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:
7. Regarding Sufi literature and its components, consider the following statements:
- Maktubat are collections of letters written by Sufi masters to their disciples.
- Tazkiras are biographical accounts of saints, often glorifying their spiritual genealogies.
- Malfuzats were compiled over centuries and had didactic purposes.
How many of the above statements are correct?
8. Consider the following:
- Ibn Batuta traveled to India during the reign of Akbar
- Marco Polo’s accounts were primarily focused on the northern regions of India
Which of the above statements is / are correct?
9. Consider the following:
- Maasir-i-Alamgiri
- Maasir-ul-Umara
- Fatu-hat-i-Alamgiri
Which of the above works provides detailed accounts of Aurangzeb’s reign?
10. Consider the following pairs:
Al-Biruni | Famous Persian scholar known for his work on India |
Ibn Battuta | Noted for his travel accounts across the Islamic world |
Fa-Hien | Chinese monk who traveled to India to study Buddhism |
How many of the above pairs are correctly matched?