Pandit Panchaxara Gavaigalavar Arts College, Gadag All Questions

Question : Directions: Read the following text and answer the questions.

The world is becoming global rapidly. The national boundaries have become less significant with the interlinked effects of technology, information flows, and investment mobility. Human knowledge, particularly in the sphere of science and technology, is now growing at a pace that was indeed unthinkable even two decades ago.
The comparative advantage of a nation will be more and more influenced by its capacity to generate, absorb, adapt, and assimilate new technologies into the production process. If liberalization and globalization are not to create islands of prosperity surrounded by vast sea destitution, there has to be a firm commitment to human resource development and to the continuous upgrading of human skills and capabilities in the fast-changing world that we live in. The Indian policymakers are fully committed to building a society that is technologically sophisticated, economically progressive, and socially just, and humane.

The impact of globalization on education is now being felt in India. Indian entrepreneurs are also now investing in education. In the process of privatization of higher education in India, many good institutions have come up and have met the increasing demand for higher education mainly in the area of engineering, business administration, and medical education. But this process has also led to the mushroom growth of low-quality institutions without proper infrastructure, However, the expansion of higher education in India has resulted in increasing access to higher education even in rural areas of the country. In this process, Human Resource Development is taking place at a faster speed as compared to the earlier stage when the opportunities for higher education were limited. Globalization has promoted information technology in India. Indian students have excelled in the area of information technology over many other countries. Development taking place in the developed countries become available to Indian students, scholars, and practitioners through regular contacts and modern technology.

Question:

Which area has shown significant rise in the past decade?

Option 1: Human knowledge in the field of science and technology

Option 2: Increase in the production process

Option 3: Financial growth of the market 
 

Option 4: Resource development

Question :

The Monetary and Credit Policy is announced by which of the following?

Option 1:

Ministry of Finance in Center

Option 2:

Reserve Bank of India

Option 3: State Bank of India

Option 4: Planning Commission of India

Question : Which of the following is not a function of the Reserve Bank of India?

Option 1: Controlling inflation

Option 2: Regulating foreign exchange

Option 3: Issuing currency notes

Option 4: Regulating the stock market

Question : Bahmani Monuments at Gulbarga, Karnataka represent the _________ style of architecture.

Option 1: Mamluk

Option 2: Sikh

Option 3: Deccan

Option 4: Nagara

Question : Which among the following was set up in 1956 by the Indian Government by nationalising all the existing private sector life insurance companies?

Option 1: United India Insurance Company Limited

Option 2: General Insurance Corporation of India

Option 3: New India Assurance Company Limited

Option 4: Life Insurance Corporation of India

Question : In the Union Budget of India 2022, what percentage of tax has been levied on the transfer of digital assets (cryptocurrency)?

Option 1: 20 percentage

Option 2: 5 percentage

Option 3: 30 percentage

Option 4: 10 percentage

Question : Which event is an example of communal tensions leading to the partition of India?

Option 1: Jallianwala Bagh Massacre

Option 2: Salt March

Option 3: Direct Action Day

Option 4: Dandi March

Question : The agrarian class structure in pre-independence India was characterized by:  
 

Option 1: A dominant urban elite  
 

Option 2: A large industrial working class  
 

Option 3: Predominance of small and marginal farmers  

Option 4: High levels of wage labor  

Question : Which of the following institutions regulates and supervises the functioning of commercial banks in India?

Option 1: Reserve Bank of India (RBI)

Option 2: National Bank for Agriculture and Rural Development (NABARD)
 

Option 3: Securities and Exchange Board of India (SEBI)

Option 4: Small Industries Development Bank of India (SIDBI)

Question : Which of these is not one of the reasons why the public sector played a dominant role in establishing the Industrial sector in India post-independence?

Option 1: Poor savings capacity of the public

Option 2: To avoid the generation of private profit

Option 3: Absence of a large enough market for output

Option 4: Lack of adequate capital with private industrialists