1. In the Junagarh inscription, which among the following Saka ruler achievements are highlighted?
[A] Moga
[B] Azes
[C] Rudraraman
[D] Nahapana
Show Answer
Correct Answer: C [ Rudraraman ]
Notes:
The military achievements, territories and many personal qualities of Rudraraman are highlighted in the famous Junagadh inscription, written in 150 AD. It is the first major inscription to be written in sanskrit.
2. Which among the following is the time period during which a computer is malfunctioning or not operating correctly due to machine failures?
[A] Down time
[B] Up time
[C] Response time
[D] Run time
Show Answer
Correct Answer: A [Down time]
Notes:
Downtime is the time period when a system is unavailable. Downtime or outage duration refers to a period of time that a system fails to perform its primary function.
3. What was civil disobedience Movement?
[A] Active refusal to obey certain laws, demands and commands of a government
[B] Revolution
[C] Freedom from slavery
[D] All the above
Show Answer
Correct Answer: A [Active refusal to obey certain laws, demands and commands of a government]
Notes:
Active refusal to obey certain laws, demands and commands of a government Civil disobedience implies the active, professed refusal of a citizen to obey certain laws, orders, demands of a government. In the year 1930, M.K. Gandhi started this movement in India (Dandi) by violating the salt law.
4. Treaty of Yandabo is related to which of the following states ?
[A] Punjab
[B] Assam
[C] Karnataka
[D] Odisha
Show Answer
Correct Answer: B [Assam]
Notes:
The Treaty of Yandabo was signed by the British (General Sir Archibald Campbell) and the Burmese side on 24 February 1826. The first Anglo-Burmese War came to cessation through this treaty. The State of Assam was annexed with British territory of India after the Treaty of Yandabo.
5. Which among the following is an incorrect statement regarding Money Bill?
[A] It can be introduced only in Lok Sabha
[B] It can be introduced only on the recommendation of the President
[C] The Rajya Sabha is given 1 months time period to make recommendation on a Money Bill
[D] All are correct
Show Answer
Correct Answer: C [The Rajya Sabha is given 1 months time period to make recommendation on a Money Bill]
Notes:
A money bill must be returned to the Lok Sabha within 14 days or the bill is deemed to have passed both houses in the form it was originally passed by the Lok Sabha.
6. Which among the following is not a correctly matched?
[A] Stock Exchange– SEBI
[B] Insurance — IRDA
[C] Telecom — TRAI
[D] all are correct
Show Answer
Correct Answer: D [all are correct]
Notes:
The correct answer is “all are correct.” – Stock Exchange – SEBI: The Securities and Exchange Board of India (SEBI) regulates stock exchanges in India. – Insurance – IRDA: The Insurance Regulatory and Development Authority of India (IRDAI) oversees the insurance sector. – Telecom – TRAI: The Telecom Regulatory Authority of India (TRAI) regulates telecommunications services. Since all pairs are correctly matched, the option “all are correct” is accurate.
7. An investor or speculator who subscribes to a new issue with the intention of selling them soon after allotment to realize a quick profit is called?
[A] Stag
[B] Tall
[C] Bull
[D] Bear
Show Answer
Correct Answer: A [Stag]
Notes:
The term stag means a speculator who buys and sells stocks in short timeframes to make quick profits. The motove of stag is to make profit quickly on a fast moving trend, rather than buying and holding for the long run.
8. What is the minimum and maximum number of Banks which can participate in a consortium loans?
[A] Minimum 2 maximum 10
[B] Minimum 3 maximum 12
[C] Minimum 2 maximum no limit
[D] Minimum 4 maximum 20
Show Answer
Correct Answer: C [Minimum 2 maximum no limit]
Notes:
In consortium loans, the minimum number of banks that can participate is typically three. This is to ensure adequate risk sharing and diversification among lenders. The maximum number can vary by jurisdiction and specific agreements, but it often ranges from 10 to 20 banks. Consortium lending is common in large projects, such as infrastructure, where the financial commitment is substantial.
9. Deficit financing is a common practice in many countries in the world today. Which among the following is an incorrect statement regarding Deficit Financing?
[A] Deficit Financing was popularized by J M Keynes
[B] Deficit Financing generates employment to some extent
[C] Deficit Financing helps in curbing the bad effects of Depression
[D] All are correct
Show Answer
Correct Answer: D [All are correct]
Notes:
Deficit financing involves government spending exceeding revenue, often used to stimulate economic growth. J.M. Keynes advocated for this approach during the Great Depression, arguing it could boost demand and reduce unemployment. While it can create jobs and mitigate economic downturns, it can also lead to increased national debt and inflation if mismanaged. Therefore, the statement “All are correct” is incorrect because it implies that deficit financing is universally beneficial without acknowledging potential drawbacks.
10. Which among the following was prevalent in the Indian Society before the Muslim conquest?
[A] Purdah System
[B] Child Marriage
[C] Sati System
[D] Slavery
Show Answer
Correct Answer: D [Slavery]
Notes:
Comparing to the other options, some sort of slavery was prevalent before Muslim conquests. The Purdah was a gift of Muslim invasions, and same applies to Child marries which came into practice to avoid the new danger of lifting Hindu girls by Muslims as an holy act of Jihad, Sati & Jauhar also got established as the wives of the invaded used to kill themselves before their husbands went on the last battle.
Slavery became more prevalent because it was a fashion and a status symbol among the Muslims at that time. As we read Aladdin had 84000 slaves and Firuz Tughlaq had 2 lakhs, all of them were maintained at the state cost.
