Pandit Panchaxara Gavaigalavar Arts College, Gadag All Questions

Question : Which among the following is the oldest stock exchange in India?

Option 1: Multi-Commodity Exchange

Option 2: National Commodity and Derivatives Exchange

Option 3: Bombay Stock Exchange

Option 4: National Stock Exchange

Question : Lord Hastings initiated the ______ where the East India Company claimed that its authority was supreme and hence its power was greater than that of Indian states.

Option 1: Government's Stores Policy

Option 2: Policy of ‘Paramountcy’

Option 3: Imperial Policy

Option 4: Doctrine of Lapse

Question : Comprehension:
Read the passage carefully and answer the questions that follow.
India's favourable demographic trends, which have increased the workforce's percentage of the overall population, have paved the way for a significant middle-class expansion. A big population bulge emerging from absolute poverty and set to reach the middle class would generate new dynamics. In India, over 55 percent of the population is predicted to reach the middle class. In reality, because India's demographics are significantly younger than China and the United States, the country's middle class might be the world's largest (in terms of population) by 2025.
It is no exaggeration to argue that future growth will be reliant on the increasing middle class and that the middle class's development will be reliant on growth. Growth has been fuelled by both private consumption and saving, both of which are fuelled by the middle class. India's private consumption accounts for over 60% of the country's GDP, while private consumption growth has contributed to 70% of the country's growth since 2000.
Even though China's middle class is now greater than India's, private spending in the former accounts for a lesser share of growth. In contrast to the United States, where domestic savings are dropping and the country borrows excess funds from outside to invest and expand, India's domestic savings and investments are increasing and funding investments. The emergence of the middle class is anticipated to coincide with a transition away from large-scale informality, which now characterises much of the services and industrial sectors, and toward more formal, wage-earning, and medium-scale firms. Technological advancements will spread at a faster rate. Cities will expand as the necessities concentrate on them. If there is enough movement across states and from rural to urban regions, the population increase will be more evenly distributed.

Question:
Which of the following options has contributed to the expansion of the middle class?

Option 1: Evenly distributed economic opportunities

Option 2: Increased private consumption

Option 3: Increased workforce percentage

Option 4: Increased foreign investment

Question : India and South Korea have signed an MoU on ship building. Which organisation has been nominated by India for this collaboration?

Option 1: Hindustan Shipyard Limited

Option 2: Mazagaon Dock Limited

Option 3: Cochin Shipyard Limited

Option 4: Hooghly Dock and Port Engineers Limited

Question : Which act has been amended by the Supreme Court of India to provide equal rights to daughters in their ancestral property?

Option 1: The Contempt of Courts Act.

Option 2: Hindu Succession Act.

Option 3: Hindu Marriage Act.

Option 4: Sarda Act.

Question : Case Study 40:

A consumer purchased a new mobile phone, but the retailer provided a used and damaged one instead. The consumer approached the retailer for a replacement, but they refused to cooperate. What action can the consumer take in this situation?

Option 1: File a complaint with the local police against the retailer.

Option 2: Register a complaint with the District Consumer Disputes Redressal Forum for redressal.

Option 3: Contact the Consumer Protection Council for assistance.

Option 4: Contact the Advertising Standards Council of India (ASCI) for assistance.

Question : Per capita income is maximum in which of the following states in India?

Option 1: Himachal Pradesh  

Option 2: Punjab

Option 3: Gujarat

Option 4: Goa

Question : Statement 1: Entrepreneurship development programs provide aspiring entrepreneurs with training, mentoring, and access to financial resources.

Statement 2: The Stand Up India scheme aims to promote entrepreneurship among SC/ST entrepreneurs only.

Option 1: Both statements are true.
 

Option 2: Statement 1 is true, but statement 2 is false.
 

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

Option 4: Both statements are false.

Question : What is the draft of the legislative proposal that needs to be passed in both houses of Parliament of India to become an act?

Option 1: Article

Option 2: Amendment

Option 3: Bill

Option 4: Form

Question : In India, the Gir forest is the last remaining habitat of which animal?

Option 1: Asiatic lion

Option 2: Snow leopard

Option 3: Black panther

Option 4: Asian cheetah