Mount Zion Law College, Pathanamthitta All Questions

Correct Answer: FERA

Solution : The correct option is FERA.

The Foreign Exchange Regulation Act (FERA) was introduced in India in 1973. Later, it was replaced by the Foreign Exchange Management Act (FEMA) in 1999.

FERA gave the Indian government extensive powers to regulate and control foreign exchange. Under

Correct Answer: 1992

Solution : The correct answer is (b) 1992.

SEBI was established on April 12, 1992, as an independent regulatory body under the Securities and Exchange Board of India Act, 1992. It was formed to regulate and oversee the securities market in India, protect the interests of investors,

Correct Answer: Monthly expenditure on food

Solution : The correct answer is (c) Monthly expenditure on food

In India, the poverty line is determined based on a combination of factors. Historically, the poverty line was initially based on the consumption expenditure required to meet basic needs such as food, clothing,

Correct Answer: sacrifice

Solution : The correct choice is the second option.

Sacrifice means to give up something valued for the sake of other considerations. It helps convey the intended meaning that Indians live by the ideals of honesty and give up something valuable for the sake of others.

Correct Answer: Rudradaman

Solution : The correct answer is Rudradaman.

Rudradaman I, who reigned from 130 AD to 150 AD, stands out as the preeminent ruler among the Sakas. Hailing from the Western Kshatrapa Dynasty and being the grandson of Chastana, he held sway over a vast realm encompassing

Correct Answer: National Bank for Agriculture and Rural Development (NABARD)

Solution : The correct answer is (c). National Bank for Agriculture and Rural Development (NABARD).

NABARD was established in 1982 with the objective of promoting and developing rural banking in India. NABARD has a separate department for supervision, which is

Correct Answer: Muhammad Ali Jinnah

Solution : Correct Option: 3
Explanation: Muhammad Ali Jinnah, the leader of the All-India Muslim League, played a significant role in the decision-making process leading to the partition of India. He advocated for the creation of a separate nation for Muslims, which ultimately led to

Correct Answer: The President of India

Solution : The correct answer is The President of India.

The Vice President of India takes the oath of office and secrecy in the presence of the President of India. The President administers the oath to the Vice President-elect during a formal swearing-in ceremony.

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

Solution : The correct answer is (b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.

The assertion states that financial sector reforms

Correct Answer: 49

Solution : The correct option is 49.

The State is obligated to protect monuments, places, and objects of national importance and historic interest under Article 49 of the Constitution of India. This directive principle emphasizes the State's duty to safeguard the country's cultural heritage for the benefit