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Question : The Indian parliament has the power to impose restrictions on trade, commerce and intercourse through which article of the Indian Constitution?

Option 1: 304

Option 2: 300A

Option 3: 303

Option 4: 302

Team Careers360 21st Jan, 2024

Correct Answer: 302


Solution : The correct option is 302.

The Indian Parliament has the power to impose restrictions on trade, commerce and intercourse between states or within any part of the territory of India under Article 302 of the Indian Constitution. This provision allows for necessary controls in the interest of public order and national economic harmony.

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Question : The Economic Survey of India is prepared by the:

Option 1: Ministry of Finance

Option 2: Reserve Bank of India (RBI)

Option 3: Planning Commission of India

Option 4: Ministry of Commerce and Industry

Team Careers360 25th Jan, 2024

Correct Answer: Ministry of Finance


Solution : The correct answer is (a) Ministry of Finance

The Economic Survey of India is prepared by the Ministry of Finance. It is an annual document that presents the state of the Indian economy, including an assessment of the current economic situation, key developments, policy recommendations, and future prospects.

The Ministry of Finance is responsible for managing the economic and financial affairs of the country. It formulates and implements fiscal policies, monetary policies, and other economic policies to support sustainable and inclusive economic growth. The Economic Survey is one of the important tools used by the Ministry of Finance to assess and communicate the economic performance and policy priorities of the Indian economy.

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Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
Ancient coins are a fascinating (1)________ into the past, providing insight into the culture, economy, and politics of ancient civilizations. Coins were first invented in the 7th century BCE, and the use of coins spread rapidly throughout the ancient world, and many civilizations minted their own unique coins with (2)_______ designs and symbols. One of the most significant aspects of ancient coins is the information they provide. Coins often bear the images and inscriptions of rulers, which can provide clues about their (3)______ and the values they held. They can also reveal information about trade and commerce, as well as the materials and technology used in coin minting. The craftsmanship and attention to detail in these coins are a (4)______ to the skill and creativity of ancient artists. While many ancient coins are now rare and valuable collector's items, they were once a common form of currency used in everyday transactions. Their ubiquity and durability have allowed them to survive for centuries, providing a window into the past for future generations to explore and (5)_______.
Select the most appropriate option to fill in the blank 4.

Option 1: refusal

Option 2: commitment

Option 3: confusion

Option 4: testament

Team Careers360 25th Jan, 2024

Correct Answer: testament


Solution : The correct choice is the fourth option.

Testament in this context refers to a strong indication or evidence of the skill and creativity of ancient artists. It implies that the craftsmanship and attention to detail found in ancient coins serve as a testament to the abilities of the artists of that era.

The meanings of the other options are as follows:

  • Refusal suggests a denial or unwillingness to do something.
  • Commitment refers to dedication or a pledge to a cause or activity.
  • Confusion implies a lack of clarity or understanding.
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Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
Ancient coins are a fascinating (1)_______ into the past, providing insight into the culture, economy and politics of ancient civilisations. Coins were first invented in the 7 th century BCE, and the use of coins spread rapidly throughout the ancient world, and many civilisations minted their own unique coins with (2)_________ designs and symbols. One of the most significant aspects of ancient coins is the information they provide. Coins often bear the images and inscriptions of rulers, which can provide clues about their (3)______ and the values they held. They can also reveal information about trade and commerce, as well as the materials and technology used in coin minting. The craftsmanship and attention to detail in these coins are a (4)________ to the skill and creativity of ancient artists. While many ancient coins are now rare and valuable collector's items, they were once a common form of currency used in everyday transactions. Their ubiquity and durability have allowed them to survive for centuries, providing a window into the past for future generations to explore and (5)_______.
Select the most appropriate option to fill in blank 5.

Option 1: replenish

Option 2: worship

Option 3: favour

Option 4: appreciate

Team Careers360 21st Jan, 2024

Correct Answer: appreciate


Solution : The correct answer is the fourth option: "appreciate." 

Explanation:
"Appreciate" in this context means to understand or value something deeply. Here, the sentence suggests that ancient coins have survived for centuries, allowing future generations to deeply understand or value the past. 

The meanings of other options:
Replenish: To refill or restore something that doesn't fit the context of the sentence.
Worship: To show reverence or adoration; not suitable in the context of exploring the past.
Favour: To prefer or support, which doesn't align with the context of exploring history through ancient coins.

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Question : Swachh Toycathon Competition 2022 was launched in India by Ministry of______________.

Option 1: Finance

Option 2: Commerce and Industry

Option 3: Housing and Urban Affairs

Option 4: Culture

Team Careers360 23rd Jan, 2024

Correct Answer: Housing and Urban Affairs


Solution : The correct option is Housing and Urban Affairs.

The Ministry of Housing and Urban Affairs launched the Swachh Toycathon as part of the Swachh Amrit Mahotsav. This competition aligns with the National Action Plan for Toys (NAPT) and Swachh Bharat Mission Phase II, aiming to discover innovative solutions for creating toys from recycled materials. The Centre for Creative Learning, IIT Gandhinagar, serves as the knowledge partner for this initiative.

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Question : Case Study 4: Government Schemes for Entrepreneurs

A group of young entrepreneurs came up with an innovative idea for a mobile application that promotes mental well-being and offers counseling services. To support their venture, they decided to explore various government schemes and financial assistance programs.

Question:

What type of services does the entrepreneurs' mobile application provide?

Option 1: Food delivery
 

Option 2: Mental well-being and counseling
   

Option 3: Ride-sharing

 

Option 4: E-commerce platform

Team Careers360 18th Jan, 2024

Correct Answer: Mental well-being and counseling
   


Solution : The correct answer is (b) Mental well-being and counseling services

As indicated in the case study, the mobile application developed by the entrepreneurs is specifically designed to promote mental well-being. It offers counseling services, indicating that its primary focus is on providing support and resources for mental health, rather than services related to food delivery, ride-sharing, or e-commerce platforms.

 

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Question : Case Study 14:

ABC Ltd. is a startup in the e-commerce industry looking to expand its product offerings.

Question : 

To raise short-term funds for marketing its expanded product range, which money market instrument might ABC Ltd. use?

Option 1: Debenture
 

Option 2: Call money
 

Option 3: Corporate bond

 

Option 4: Equity share

Team Careers360 16th Jan, 2024

Correct Answer: Call money
 


Solution : The correct answer is (b) Call money

To raise short-term funds for marketing its expanded product range, ABC Ltd. might consider using call money. Call money is a short-term finance option borrowed or lent in the interbank market for very short durations, usually overnight. It's often used for short-term funding needs and would be suitable for supporting marketing initiatives for the newly expanded product offerings.

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Question : Which of the following brings out the 'consumer price index number' for industrial workers?

Option 1: RBI

Option 2: The Labour Bureau

Option 3: Commerce Department

Option 4: NITI Aayog

Team Careers360 25th Jan, 2024

Correct Answer: The Labour Bureau


Solution : The correct option is The Labour Bureau.

The Labour Bureau, under the Ministry of Labour and Employment, is responsible for compiling and releasing the Consumer Price Index Number for Industrial Workers (CPI-IW) every month. This index is derived from the fluctuations in prices of a selection of goods and services that are typically used by industrial workers and their families. The items on this list include food, clothing, housing, fuel, education and medical care, among others.

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Question : Case Study 14:

ABC Ltd. is a startup in the e-commerce industry looking to expand its product offerings.

Question : 

To raise short-term funds for marketing its expanded product range, which money market instrument might ABC Ltd. use?

Option 1: Debenture
 

Option 2: Call money
 

Option 3: Corporate bond

 

Option 4: Equity share

Team Careers360 10th Jan, 2024

Correct Answer: Call money
 


Solution : The correct answer is (b) Call money

To raise short-term funds for marketing its expanded product range, ABC Ltd. might consider using call money. Call money is a short-term finance option borrowed or lent in the interbank market for very short durations, usually overnight. It's often used for short-term funding needs and would be suitable for supporting marketing initiatives for the newly expanded product offerings.

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