1. Money from which of the following is credited to the contingency fund of India?
1. Provident fund deposits
2. Disinvestment proceeds
3. Spectrum Auctions
Select the correct answer using the codes given below.
a) 1 only
b) 2 and 3 only
c) 3 only
d) None
Answer & Explanation
d) None. Money is deposited in contingency fund of India from consolidated fund of India. It does not have any direct source. Provident fund deposits goes into public account, while money from spectrum allocation goes into the consolidated fund of India. Disinvestment proceeds are maintained separately in the national inve3stment fund (NIF).
2. The Forwards market Commission (FMC), which regulates commodity trading, is under the
a) Ministry of agriculture
b) Ministry of finance
c) Ministry of corporate affairs
d) Ministry of consumer affairs.
Answer & Explanation
b) Ministry of finance. Forward Markets Commission (FMC) headquartered at Mumbai, is a regulatory authority which is overseen by the Ministry of Finance, Govt. of India. It is a statutory body set up in 1953 under the Forward Contracts (Regulation) Act, 1952.
3. The lava cone of a volcano is having steep sloping sides. Which of these can be said about the volcano?
1. the lava must have been highly fluid.
2. it must have high silica content.
3. the volcano must have been explosive.
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3
Answer & Explanation
c) 2 and 3 only. If the lava is fluid, it will flow quickly and form a gentle slope. If the slope formed is steep, the lava must have been viscous. Viscous lava has high silica content and such volcanoes are explosive.
4. Consider the following statements about Nehru Report:
1. It rejected the provision of separate electorate
2. It demanded Poorna swaraj or complete independence.
Which of the statements given above is/are correct ?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer & Explanation
a) 1 only. Nehru report demanded dominion status. Demand for Poorna swaraj was first made in 1930 while Nehru report came in 1928
5. Who among the following functionaries take an `oath of secrecy’
1. President
2. Ministers
3. MPs
4. Supreme Court judge
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 2 and 3 only
c) 2 only
d) 2 and 4 only
Answer & Explanation
c) 2 only. Only a minister takes the oath of secrecy. You might have observed during oath taking ceremony that minister takes two oaths – one is for office and other for secrecy.
6. Consider the following statements about Indian Depository Receipts (IDRs):
1. They allow foreign investors to invest in Indian companies.
2. They are denominated in Indian Rupees
Which of the statements given above is/are correct ?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer & Explanation
b) 2 only. An IDR is a receipt, declaring ownership of shares of a foreign company. These receipts can be listed in India and traded in rupees. They allow Indian investors to invest in foreign companies. Read more – http://www.iasr.in/What_Indian_Depository_Receipt.htm
7. Which of the following comes under the phenomena of mass movement?
1. soil creep
2. weathering
3. landslide
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3
Answer & Explanation
b) 1 and 3 only. In weathering, there is no movement and it is an in-situ process. In soil creep and landslide there is mass movement of soil and debris respectively, so they come under the phenomena of mass movement.
8. Censure motion can be moved against
1. An individual minister
2. Group of ministers
3. Entire council of ministers
Select the correct answer using the codes given below.
a) 1 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3
Answer & Explanation
d) 1, 2 and 3. A censure motion can be moved against an individual minister, or a group of ministers or the entire council of ministers. Normally, people learn it this way – that censure motion is for individual minister while no confidence motion is for whole council of minister, so they might commit a mistake here.
9. There has been a steady decline in the number of olive ridley turtles. This has been due to
1. artificial illumination near beaches.
2. widespread use of diclofenac
3. loss of nesting habitat
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3
Answer & Explanation
b) 1 and 3 only. Diclofenac has been responsible for decline of vultures and not olive ridley turtles. A major cause of deaths of ridley turtles is artificial illumination along the coastline. Developmental activities such as the establishment of missile test range and construction of a major port near Gahirmatha and mushrooming growth of aquaculture farms and chemical industries near Rushikulya rookery have resulted in increased illumination near the nesting beaches. Sea turtles which nest at night, get disoriented by artificial lights and are known to avoid brightly illuminated beaches. Further, sea turtle hatchlings emerging from the nests at night are strongly oriented towards the source of illumination and stray away from the nesting beach. As a result, they remain stranded on the land during the day and are either predated by avian predators like crows, kites and sea gulls or are desiccated, resulting in very heavy hatchling mortality. Loss of nesting habitat due to developmental activities near the coasts also is a prominent cause of their decline. Read more – http://www.iisc.ernet.in/~currsci/dec25/articles16.htm
10. The objective of individual satyagrah launched in 1940 was to
1. seek independence
2. affirm the right to free speech
3. attain dominion status
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 2 only
c) 2 and 3 only
d) 1, 2 and 3
Answer & Explanation
b) 2 only. Individual satyagrah was launched not to attain independence, but to affirm the right to free speech. The satyagrahis broke the law by speaking against the government’s curb on free speech.
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