Mount Zion Law College, Pathanamthitta All Questions

Correct Answer: Life Insurance Corporation of India

Solution : The correct option is Life Insurance Corporation of India.

The Government of India nationalised the private life insurance companies already in operation, creating the Life Insurance Corporation of India (LIC) in 1956. The action, which was a component of the

Correct Answer: 30 percentage

Solution : The correct answer is 30 percentage.

The Union Budget 2022-23 brought to the virtual digital asset (VDA) market a levy of a flat 30 percent tax on gains from trade beginning from April 1, 2022.

The Finance Minister stated in Budget 2022 that no

Correct Answer: Direct Action Day

Solution : Correct Option: 3
Explanation: Direct Action Day, also known as the Great Calcutta Killing, was a day of widespread riot and manslaughter between Hindus and Muslims in the city of Calcutta (now Kolkata) in 1946. This event is an example of the communal

Correct Answer: Predominance of small and marginal farmers  

Solution : The agrarian class structure in pre-independence India was characterized by the predominance of small and marginal farmers, along with a hierarchical system of landownership and tenancy.  

Correct Answer: Reserve Bank of India (RBI)

Solution : The correct answer is (a). Reserve Bank of India (RBI) 

The Reserve Bank of India (RBI) is the central bank of India and is responsible for the regulation and supervision of the banking sector in the country. It is the primary

Correct Answer: To avoid the generation of private profit

Solution : The correct answer is To avoid the generation of private profit.

India is a socialist country. Post-independence, it was tough for our leaders because capitalists and communists were in full swing. But India chooses its way differently from

Correct Answer: 40

Solution : The correct option is 40.

Article 40 of the Indian Constitution directed the establishment of the Panchayat Raj system in India. The Directive Principles of State Policy, which offer recommendations for the government to create a just society in India, include this article.

Correct Answer: China

Solution : Correct Option: 2
Explanation: China was a significant focus of Nehru's foreign policy due to its proximity and importance to India, particularly in the context of border disputes and regional security.

Correct Answer: By a single transferrable vote

Solution : The correct answer is By a single transferable vote

Article 54 of the Indian Constitution outlines the procedure for electing the President, known as the Electoral College of the President. To choose a president, one transferable vote or proportional representation are

Correct Answer: July 4, 1947

Solution : The correct answer is July 4, 1947.

On July 4, 1947, the Indian Independence Bill was introduced in the House of Commons by British Prime Minister Clement Attlee. On July 18, 1947, royal assent was given. The bill was personally guided by