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Question : Directions: A graph showing the price of rice in India during the years 2000 to 2003 is given below. Study the graph carefully and answer the questions.

For the month of May, the graph shows that the price of rice was the lowest in the year:

Option 1: 2000
Option 2: 2001
Option 3: 2002
Option 4: 2003

Correct Answer: 2003

Solution : From the given graph, the price of rice is seen lowest in 2003.
Hence, the answer is 2003.

Team Careers36017 Jan'24

Question : Which of the following Articles of the Constitution of India lays down the establishment of Public Service Commissions for the Union and the States?
Option 1: Article 315
Option 2: Article 316
Option 3: Article 317
Option 4: Article 318

Correct Answer: Article 315

Solution : The correct answer is Article 315.

The establishment of Public Service Commissions for the Union and the States is laid down in Article 315 of the Constitution of India. According to Article 315 of the Constitution, there shall be a Public Service Commission

Team Careers36017 Jan'24

Question : Arrange the following Development Financial Institutions (DFI) in the correct chronological order, according to the year they were set up.

(i) Industrial Credit and Investment Corporation of India (ICICI)

(ii) Industrial Development Bank of India (IDBI)

(iii) Industrial Finance Corporation of India (IFCI)
Option 1: (i)-(iii)-(ii)
Option 2: (iii)-(i)-(ii)
Option 3: (ii)-(i)-(iii)
Option 4: (i)-(ii)-(iii)

Correct Answer: (iii)-(i)-(ii)

Solution : The correct answer is (iii)-(i)-(ii).

The correct chronological order of the Development Financial Institutions (DFIs) in India, according to the year they were set up, is as follows:

Industrial Finance Corporation of India (IFCI): IFCI was established in 1948.
Industrial Credit and Investment Corporation

Team Careers36017 Jan'24

Question : The bar graph shows the number of employed and unemployed people in 5 different countries.

Find the ratio of unemployed people in India to employed people in Russia.
Option 1: 2 : 3
Option 2: 3 : 4
Option 3: 1 : 4
Option 4: 2 : 1

Correct Answer: 2 : 1

Solution : Number of unemployed people in India = 400
Number of employed people in Russia = 200
⇒ Ratio = 400 : 200 = 2:1
Hence, the correct answer is 2 : 1.

Team Careers36017 Jan'24

Question : Monetray policy in India is formulated by:

Option 1: Finance Ministry
Option 2: RBI
Option 3: SEBI
Option 4: CLB

Correct Answer: RBI

Solution : Correct Answer is RBI

The responsibility for creating the nation's monetary policy rests with the Reserve Bank of India. As a result, it is also referred to as the RBI's Monetary Policy. The RBI is granted this authority in accordance with the RBI Act of

Team Careers36017 Jan'24

Question : Statement 1: The Minimum Support Price (MSP) is determined by considering factors such as input costs and market conditions.

Statement 2: The MSP applies to all agricultural crops grown in India.
Option 1: Both statements are true.

Option 2: Both statements are false.

Option 3: Statement 1 is true, and statement 2 is false.

Option 4: Statement 1 is false, and statement 2 is true.

Correct Answer: Both statements are true.

Solution : The correct option is (a) Both statements are true.

Statement 1 is true. The government determines the MSP for various agricultural crops in India by considering factors such as production costs, input costs, market conditions, demand and supply dynamics, and the overall

Team Careers36017 Jan'24

Question : Statement 1: The Rashtriya Swasthya Bima Yojana (RSBY) provides health insurance coverage to unemployed individuals.

Statement 2: RSBY is a government initiative to address the health needs of the rural population in India.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.

Correct Answer: Statement 1 is false, statement 2 is true.

Solution : The correct answer is (d) Statement 1 is false, statement 2 is true.

Statement 1 is false. The Rashtriya Swasthya Bima Yojana (RSBY) does not specifically provide health insurance coverage to unemployed individuals. It focuses on providing health

Team Careers36017 Jan'24

Question : Assertion: The Securities and Exchange Board of India (SEBI) promotes investor education.

Reason: SEBI's main function is to issue government bonds to the public.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.

Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.

Option 3: Assertion is true, but the reason is false.

Option 4: Assertion is false, but the reason is true.

Correct Answer: Assertion is true, but the reason is false.

Solution : The correct answer is (c) The assertion is true, but the reason is false.

SEBI is the Securities and Exchange Board of India, and it is the regulatory body for the securities market in India. One of its

Team Careers36017 Jan'24

Question : As per Schedule 8 of the Indian Constitution, how many official languages are there in India?
Option 1: 22
Option 2: 12
Option 3: 42
Option 4: 32

Correct Answer: 22

Solution : The correct answer is 22.

Articles 343 to Article 351 of the Indian Constitution contain language-related requirements. The Indian Constitution's 8th Schedule comprises 22 languages.

The 21st Amendment Act of 1967 added Sindhi; the 71st Amendment Act of 1992 added Konkani, Manipuri, and Nepali;

Team Careers36017 Jan'24

Question : Quit India movement was started in ______.
Option 1: 1936
Option 2: 1944
Option 3: 1938
Option 4: 1942

Correct Answer: 1942

Solution : The correct option is 1942.

The Quit India Movement was launched on August 8, 1942, during World War II by Mahatma Gandhi. It was a mass protest demanding an end to British rule in India. The call for "Do or Die" urged Indians to non-violently

Team Careers36017 Jan'24