1. Which among the following Island of the Andaman & Nicobar islands contains the only known examples of mud volcanoes in India, called locally as “jalki”?
[A] Baratang Island
[B] Barren Island
[C] Car Nicobar
[D] Havelock Island
Show Answer
Correct Answer: A [Baratang Island]
Notes:
Baratang Island, located in the Andaman Islands, contains the only known examples of mud volcanoes in India locally called as jalki.
2. During which of the following events is the distance between the Sun and Earth at its maximum?
[A] Aphelion
[B] Perihelion
[C] Summer Solstice
[D] Winter Solstice
Show Answer
Correct Answer: A [Aphelion]
Notes:
Aphelion is the point in the orbit of an object where it is farthest from its star. For Earth, aphelion occurs annually around July 4th in its orbit around the Sun. Perihelion, on the other hand, is when Earth is closest to the Sun (occurring around January 3rd). The solstices are those points at which the tilt of Earth’s axis is most inclined either toward or away from the Sun.
3. Which of the following disease is found in ground nut?
[A] Downy mildew
[B] Bunt
[C] Ikki
[D] None of the above
Show Answer
Correct Answer: C [Ikki]
Notes:
Ikki disease is found in ground nut. Groundnut is taxonomically classified as Arachis hypogaea, is a legume crop grown mainly for its edible seeds. It is widely grown in the tropics and subtropics.
4. Who among the following Indian Economists played a crucial role in inception of MNREGA?
[A] Amartya Sen
[B] Jean Dreze
[C] Jagdish Natwarlal Bhagwati
[D] Dr. Vijay Kelkar
Show Answer
Correct Answer: B [Jean Dreze]
Notes:
Jean Dreze is an Economist of Indian Origin born in Belgium. He conceptualized and drafted the first version of MGNREGA. He was the member of National Advisory Council and has coauthored “An Uncertain Glory: India and its Contradiction” with noted economist Amartya Sen.
5. In which year Board for Reconstruction of Public Sector Enterprises was constituted?
[A] 2000
[B] 2002
[C] 2004
[D] 2006
Show Answer
Correct Answer: C [2004]
Notes:
Board for Reconstruction of Public Sector Enterprises (BRPSE) was constituted by Central Government vide Resolution in December 2004 as a part-time advisory body to advise the Government on the revival and restructuring of sick Central Public Sector Enterprises
6. Who among the following presidents of India was the first Chief Minister of Modern states in India?
[A] Dr. Shankar Dayal Sharma
[B] Neelam Sanjeeva Reddy
[C] Dr. Rajendra Prasad
[D] Dr. BD Jatti
Show Answer
Correct Answer: B [Neelam Sanjeeva Reddy]
Notes:
Neelam Sanjeeva Reddy was the first Chief Minister of Andhra Pradesh when the state was formed in 1956
7. Which of the following financial market tactics in India is purposely designed to deceive naive investors by generating enormous counterfeit volumes?
[A] Dividend Stripping
[B] Intra-Day Trading
[C] Forward Trading
[D] Circular Trading
Show Answer
Correct Answer: D [Circular Trading]
Notes:
Circular trading is a fraudulent practice where sell orders are entered by a broker who knows that offsetting buy orders, the same number of shares at the same time and at the same price, have either been or will be entered. Essentially, it is a deceptive practice that creates the illusion of extensive trading activity in a security to attract further investment which often leads to artificially inflated stock prices.
8. A public sector company wishes to bring a Public issue. Which among the following is the first authority to get an approval to be able to do so?
[A] Ministry of Finance
[B] Ministry of Commerce & Industry
[C] Cabinet Committee on Economic Affairs
[D] Reserve bank of India
Show Answer
Correct Answer: C [Cabinet Committee on Economic Affairs]
Notes:
The correct answer is the Cabinet Committee on Economic Affairs (CCEA). In India, the CCEA is responsible for approving major policy decisions, including public sector companies’ proposals for public issues. This committee evaluates the financial implications and strategic importance of such initiatives before they proceed. The CCEA’s role is crucial in ensuring that public offerings align with national economic goals.
9. In which year, the Capital Measures and Capital standards guidelines were issued by the Basel Committee for the first time?
[A] 1985
[B] 1988
[C] 1990
[D] 1992
Show Answer
Correct Answer: B [1988]
Notes:
The Capital Measures and Capital Standards guidelines were issued by the Basel Committee for the first time in 1988. This framework, known as Basel I, aimed to enhance financial stability by establishing minimum capital requirements for banks, ensuring they could absorb losses and reduce the risk of insolvency. Basel I was a important step in international banking regulation, leading to subsequent updates like Basel II in 2004 and Basel III in 2010, which further refined capital adequacy standards.
10. What happens to the velocity of a heavy body when it undergoes an elastic collision in one dimension with a very light body at rest?
[A] it stops and comes to rest
[B] it keeps on moving with the same velocity
[C] it starts moving with half of its initial velocity
[D] it rebounds with the same velocity
Show Answer
Correct Answer: B [it keeps on moving with the same velocity]
Notes:
The heavy body keeps on moving with the same velocity when it undergoes an elastic collision in one dimension with a very light body at rest. Note: the body at rest starts moving with double the initial velocity of the heavy body.