India
Question : What was a significant step taken by India in the context of globalization?
Option 1: Nationalization of industries
Option 2: Economic liberalization reforms in 1991
Option 3: Increased trade barriers
Option 4: Isolation from global markets
Correct Answer: Economic liberalization reforms in 1991
Solution : India's significant step in the context of globalization was the economic liberalization reforms in 1991, which opened up its economy to global markets
Question : Which of the following statement is correct?
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
Correct Answer: Statement 1 is true and statement 2 is false.
Solution : British rule resulted in huge drain of wealth from India. They encouraged commercialisation of Indian agriculture to transform Indian economy into a British economy. Hence option C is correct .
Question : In which year did India officially join the Shanghai Cooperation Organisation (SCO) as a full-fledged member?
Option 1: 2016
Option 2: 2015
Option 3: 2018
Option 4: 2017
Correct Answer: 2017
Solution : The correct option is 2017.
India officially joined the Shanghai Cooperation Organisation (SCO) as a full-fledged member on June 9, 2017, during the organisation's summit held in Astana, Kazakhstan. The Shanghai Cooperation Organisation (SCO) is a Eurasian political, economic and security alliance. The SCO was founded in 2001 by China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. India, along with Pakistan, became a full member of the SCO in 2017.
Question : The Supreme Court at Calcutta was established by
Option 1: Regulating Act of 1773
Option 2: Pitt's India Act of 1784
Option 3: Charter Act of 1793
Option 4: Charter Act of 1813
Correct Answer: Regulating Act of 1773
Solution : The correct answer is the Regulating Act of 1773.
The Supreme Court at Calcutta was established in 1774 through the Regulating Act of 1773. Elijah Impey was the first Chief Justice of the Supreme Court. From 1774 until the Indian Councils Act 1861, The High Court of Calcutta served as the highest court in British India.
Question : Where is the headquarters of the Spices Board of India located?
Option 1: Bengaluru (Karnataka)
Option 2: Kochi (Kerala)
Option 3: Pune (Maharashtra)
Option 4: Guntur (Andhra Pradesh)
Correct Answer: Kochi (Kerala)
Solution : The correct option is Kochi (Kerala).
The headquarters of the Spices Board of India is in Kochi, Kerala. This government organization plays a crucial role in the development and regulation of the spice industry in India, promoting the export of high-quality spices and ensuring adherence to quality standards.
Question : In which state of India is the Hornbill Festival related?
Option 1: Kerala
Option 2: Karnataka
Option 3: Nagaland
Option 4: Bihar
Correct Answer: Nagaland
Solution : The correct answer is Nagaland.
The Hornbill Festival is related to the state of Nagaland in India. This annual festival celebrates the cultural heritage and traditions of the various Naga tribes in Nagaland. The festival is named after the Indian hornbill, a bird that holds significant cultural importance in Naga folklore.
Question : Comprehension:
In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each blank.
Unemployment is a major issue in India that (1)________millions of people across the country. Despite being one of the fastest-growing economies in the world, India has struggled to create (2)________jobs to keep up with its rapidly expanding population. The unemployment rate in India varies widely (3)________ different states and regions. Young people, in particular, face significant challenges in finding employment. Many are highly educated but lack the skills and experience needed to (4)________ in a highly competitive job market. There are many factors contributing to the high levels of unemployment in India. Some of these include a lack of investment in infrastructure, a mismatch between the skills of workers and the needs of employers, and a lack of access to finance for small and medium-sized businesses. The Indian government has launched several initiatives to address the issue of unemployment in the country. These include programs to support small businesses, increase investment in infrastructure and provide vocational training to young people. However, much more needs to be done to create sustainable, long-term employment opportunities for all Indians. Unemployment can have serious social and economic consequences, including poverty, crime and social (5)________.
Select the most appropriate option to fill in blank no. 1.
Option 1: compromises
Option 2: effects
Option 3: controls
Option 4: affects
Correct Answer: affects
Solution : The correct answer is the fourth option.
This word fits the context best because it signifies the impact or influence of unemployment on millions of people across India. "Affects" means it brings about a change or causes an impact on something or someone.
Question : Due to India’s Make in India campaign many MNC’s are shifting their investments to INDIA. How will impact the exchange rate?
Option 1: Demand of Forex will increase
Option 2: Supply of foreign will increase
Option 3: Depreciation of foreign exchange
Option 4: No affect
Correct Answer: Supply of foreign will increase
Solution : The correct answer is (b) Supply of foreign exchange will increase
With multinational companies shifting their investments to India, there will be an inflow of foreign currency into the country. This increased foreign investment will lead to an increase in the supply of foreign exchange in the Indian market.
The Make in India campaign is aimed at promoting domestic manufacturing and attracting foreign direct investment (FDI). When MNCs invest in India, they bring in foreign currency, which increases the supply of foreign exchange available in the country. As a result, the correct answer is (b) Supply of foreign exchange will increase.
Question : In India, National Voters' Day is celebrated on______.
Option 1: 26 March
Option 2: 24 February
Option 3: 27 December
Option 4: 25 January
Correct Answer: 25 January
Solution : The correct answer is 25 January.
National Voters' Day is celebrated in India on January 25 every year. This day is dedicated to promoting awareness about the importance of voting and encouraging eligible citizens to participate in the electoral process. The day aims to educate people about the value of their vote and the role it plays in the democratic process.
Question : Statement 1: The Special Economic Zones (SEZs) were established to promote export-oriented industries in India.
Statement 2: SEZs provided tax incentives and simplified regulatory processes for businesses.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Both statements are true.
Solution : The correct answer is (a) Both statements are true.
Statement 1 is true. The New Economic Policy of 1991, also known as economic liberalization or economic reforms, was introduced to dismantle the License Raj system and liberalize India's industrial policies. It aimed to reduce government intervention, promote market-oriented reforms, and encourage private sector participation.
Statement 2 is also true. The New Economic Policy of 1991 indeed encouraged foreign investment and globalization. It opened up several sectors to foreign investment, relaxed restrictions on imports and exports, and promoted trade and economic integration with the global market.
Therefore, both statements are true. The New Economic Policy of 1991 aimed at liberalizing India's industrial policies, and it also encouraged foreign investment and globalization.
The Question containing Inaapropriate or Abusive Words
Question lacks the basic details making it difficult to answer
Topic Tagged to the Question are not relevant to Question
Question drives traffic to external sites for promotional or commercial purposes
The Question is not relevant to User
And never miss an important update
