Commerce
Question : The Minimum Support Price (MSP) for agricultural produce in India is announced by which organization?
Option 1: Reserve Bank of India (RBI)
Option 2: Ministry of Agriculture
Option 3: Food Corporation of India (FCI)
Option 4: Ministry of Commerce and Industry
Correct Answer: Ministry of Agriculture
Solution : The correct answer is (b) Ministry of Agriculture.
The Ministry of Agriculture, under the Government of India, is responsible for formulating and implementing policies and programs related to agriculture, including the determination of Minimum Support Prices.
The Minimum Support Price (MSP) is the
Question : Assertion: The consumer protection act 2019 is only applicable on e-commerce firms.
Reason: The consumer protection act 2019 extends to the whole of India.
Option 1: Both the assertion and the reason are correct, and the reason is the correct explanation of the assertion.
Option 2: Both the assertion and the reason are correct, but the reason is not the correct explanation of the assertion.
Option 3: The assertion is correct, but the reason is incorrect.
Option 4: The assertion is incorrect, but the reason is correct.
Correct Answer: The assertion is incorrect, but the reason is correct.
Solution : The correct answer is The correct answer is (d) The assertion is incorrect, but the reason is correct.
The assertion is incorrect. The Consumer Protection Act, 2019, is not limited to e-commerce firms. It is a comprehensive
Question : Select the most appropriate option to fill in the blank.
He has experienced __________ abuse.
Option 1: palpable
Option 2: visible
Option 3: physical
Option 4: intangible
Correct Answer: physical
Solution : The correct choice is the third option.
In the context of experiencing abuse, the most appropriate word to use would be physical. This implies that the abuse involves actual bodily harm or injury, aligning with the idea that there was physical harm involved in
Question : The Foreign Trade Policy of India is formulated by which organization?
Option 2: Ministry of Commerce and Industry
Option 3: Ministry of Finance
Option 4: Department of Industrial Policy and Promotion (DIPP)
Correct Answer: Ministry of Commerce and Industry
Solution : The correct answer is (b) Ministry of Commerce and Industry.
The Ministry of Commerce and Industry is responsible for formulating and implementing the foreign trade policy of India. The ministry plays a crucial role in shaping the country's trade and commerce
Question : A city primarily serving as a gateway for international trade and commerce would be classified as a:
Option 1: Trade city
Option 2: Industrial city
Option 3: University town
Option 4: Heritage city
Correct Answer: Trade city
Solution : Correct Option: Option 1 Explanation: A trade city is an urban settlement that serves as a gateway for international trade and commerce, often hosting major ports, trade centers, and commercial activities.
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
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
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
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,
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
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
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
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.
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