India
Question : The establishment of the Reserve Bank of India (RBI) took place in the year:
Option 1: 1947
Option 2: 1951
Option 3: 1935
Option 4: 1969
Correct Answer: 1935
Solution : The correct answer is (c) 1935.
The Reserve Bank of India was established on April 1, 1935, based on the recommendations of the Hilton Young Commission. It was originally established as a private shareholders' bank but was nationalized in 1949, becoming fully owned by the Government of India. The RBI serves as the central banking institution of India and is responsible for the regulation and supervision of the country's banking system, monetary policy formulation, currency issuance, and management of foreign exchange reserves.
Question : Which Five-year Plan in India emphasized the development of the tertiary sector?
Option 1: First Five-year Plan
Option 2: Third Five-year Plan
Option 3: Sixth Five-year Plan
Option 4: Eighth Five-year Plan
Correct Answer: Sixth Five-year Plan
Solution : The Third Five-year Plan in India emphasized the development of the tertiary sector, including services and infrastructure, to support industrial and agricultural growth.
Question : The "Digboi Oil fields" are located in which of the following states of India?
Option 1: Assam
Option 2: Manipur
Option 3: Meghalaya
Option 4: Nagaland
Correct Answer: Assam
Solution : The correct option is Assam.
Assam, an Indian state in the northeast, is home to the Digboi Oil Fields. Digboi, one of the nation's oldest oil fields, has a long history in the petroleum business. The Digboi Refinery, founded in 1901, is among the most ancient refineries in Asia and has been instrumental in the processing of crude oil that is extracted from the Digboi Oil Fields.
Question : Which of the following government schemes provides skill development training to youth in India?
Option 1: Pradhan Mantri Jan Dhan Yojana
Option 2: Pradhan Mantri Kaushal Vikas Yojana
Option 3: Deendayal Antyodaya Yojana
Option 4: Pradhan Mantri Garib Kalyan Anna Yojana
Correct Answer: Pradhan Mantri Kaushal Vikas Yojana
Solution : The correct option is Pradhan Mantri Kaushal Vikas Yojana.
The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a flagship scheme of the Government of India aimed at enabling a large number of Indian youth to take up industry-relevant skill training to help them secure a better livelihood.
Question : Which Union Territory of India lies in the Bay of Bengal?
Option 1: Dadra & Nagar Haveli and Daman & Diu
Option 2: Chandigarh
Option 3: Lakshadweep Islands
Option 4: Andaman and Nicobar Islands
Correct Answer: Andaman and Nicobar Islands
Solution : The correct option is the Andaman and Nicobar Islands.
The Union Territory of Andaman and Nicobar Islands lies in the Bay of Bengal. It is a group of islands located at the southeastern edge of the Bay of Bengal, between the Bay of Bengal and the Andaman Sea. The Andaman and Nicobar Islands are known for their stunning natural beauty, diverse marine life, and rich biodiversity.
Question : The Farmers' Movement in India has been particularly active in which of the following agricultural practices?
Option 1: Organic farming
Option 2: Cash crop cultivation
Option 3: Cooperative farming
Option 4: Contract farming
Correct Answer: Cash crop cultivation
Solution : The Farmers' Movement in India has been particularly active in issues related to cash crop cultivation, such as the demand for fair prices and subsidies for crops like cotton and sugarcane.
Question : Who was the Mughal emperor during the time of the English East India Company's establishment in India?
Option 1: Akbar
Option 2: Jahangir
Option 3: Shah Jahan
Option 4: Aurangzeb
Correct Answer: Jahangir
Solution : Emperor Jahangir was the Mughal ruler during the time of the English East India Company's establishment in India in the early 17th century.
Question : The President of which country was the chief guest at the 71st Republic Day of India?
Option 1: Spain
Option 2: Belgium
Option 3: Argentina
Option 4: Brazil
Correct Answer: Brazil
Solution : The correct option is Brazil
The 71st Republic Day of India was celebrated on January 26, 2020. The chief guest for the Republic Day parade in 2020 was Jair Bolsonaro, the President of Brazil. His visit aimed to strengthen the ties between India and Brazil. The Republic Day parade showcased India's military strength, cultural diversity and achievements.
Question : Given below is a short passage followed by some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and the opinion of the author only.
More than eight months after the national lockdown was announced in late March, urban India is learning to live with the Covid-19 pandemic. In fact, indicating a positive outlook for the future, many survey respondents in a recent survey say they plan to return to pre-lockdown levels of shopping, personal grooming, going to cinemas and socializing as pandemic fears continue to recede. The survey findings highlight that the suppression of consumer demand because of fears of job losses and salary cuts could be coming to an end. Increasingly, urban Indians are showing increased confidence about the future of the economy. This could be an indicator of the possible 'pent-up demand' that several economists have been talking about - a demand that could be unleashed once a vaccine is developed and distributed, or when there are signs of the pandemic's spread reducing to negligible levels or vanishing totally.
Around 65 per cent of respondents said they had settled into new routines, or that they saw signs of the situation improving, or they had come to terms with the pandemic and were moving on with their lives. And since the survey was conducted before the news of the successful trials of the Pfizer vaccine for the coronavirus was announced, it is likely that the consumers are now even more positive in their outlook about the future.
Question:
What predications are made by the economist reagrding the consumer demand?
Option 1: People are settled in their routines
Option 2: There will be further suppression in demand
Option 3: Suppression of demand will be coming to an end
Option 4: People still fear of the loss of jobs and salary cuts
Correct Answer: Suppression of demand will be coming to an end
Solution : The correct response is 3.
Suppression of demand will be coming to an end Explanation:
Examine the following statement:
The survey findings highlight that the suppression of consumer demand because of fears of job losses and salary cuts could be coming to an end. Increasingly, urban Indians are showing increased confidence about the future of the economy.
From the above lines it can be predicted that the suppresion of demand will be coming to an end in the future. So the correct option is 3
Question : Westernisation in India has influenced:
Option 1: The revival of the joint family system
Option 2: The preference for traditional attire
Option 3: The adoption of English as a medium of education
Option 4: The decrease in the use of technology
Correct Answer: The adoption of English as a medium of education
Solution : Westernisation in India has influenced the adoption of English as a medium of education, which is seen as a symbol of modernity and progress.
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