India
Question : Import substitution strategy is commonly called _____.
Option 1: make in India campaign
Option 2: outward-looking trade strategy
Option 3: balanced trade strategy
Option 4: inward-looking trade strategy
Correct Answer: inward-looking trade strategy
Solution : The correct option is an inward-looking trade strategy.
Inward-looking trade strategy, also known as import substitution industrialisation (ISI), is an economic approach where a country emphasises the domestic production of goods and services to reduce reliance on imports. Governments often impose high tariffs
Question : Case Study 18:
A consumer purchased a laptop and found that the technical specifications were misrepresented in the advertisement. The consumer feels cheated and wants to take action against the manufacturer. Which authority can the consumer approach for redressal?
Option 1: District Consumer Disputes Redressal Forum
Option 2: State Consumer Disputes Redressal Commission
Option 3: Advertising Standards Council of India (ASCI)
Option 4: National Consumer Disputes Redressal Commission
Correct Answer: National Consumer Disputes Redressal Commission
Solution : The correct answer is (d) National Consumer Disputes Redressal Commission
In the case where a consumer has purchased a laptop and found that the technical specifications were misrepresented in the advertisement, the consumer can typically approach the National Consumer Disputes Redressal
Question : Palk Strait separates
Option 1: India and Pakistan
Option 2: India and Burma
Option 3: India and Sri Lanka
Option 4: India and Afghanistan
Correct Answer: India and Sri Lanka
Solution : The correct option is India and Sri Lanka.
The Jaffna District of Sri Lanka and Tamil Nadu in India are separated by the Palk Strait. It links Palk Bay in the southwest with the Bay of Bengal in the northeast. It measures
Question : Who among the following was the founder of the Aligarh Movement, which was largely responsible for the revival of Muslims in India?
Option 1: Mirza Ghulam Ahmad
Option 2: Muhammad Iqbal
Option 3: Abdul Ghaffar Khan
Option 4: Sayyid Ahmad Khan
Correct Answer: Sayyid Ahmad Khan
Solution : The Correct option is Sayyid Ahmad Khan.
Sayyid Ahmad Khan was a prominent 19th-century Indian Muslim scholar, reformer, and educator. He played a crucial role in advocating for the modern education of Muslims in India during a time when educational opportunities were
Question : Case Study 40:
A consumer purchased a new mobile phone, but the retailer provided a used and damaged one instead. The consumer approached the retailer for a replacement, but they refused to cooperate. What action can the consumer take in this situation?
Option 1: File a complaint with the local police against the retailer.
Option 2: Register a complaint with the District Consumer Disputes Redressal Forum for redressal.
Option 3: Contact the Consumer Protection Council for assistance.
Option 4: Contact the Advertising Standards Council of India (ASCI) for assistance.
Correct Answer: Register a complaint with the District Consumer Disputes Redressal Forum for redressal.
Solution : The correct answer is (b) Register a complaint with the District Consumer Disputes Redressal Forum for redressal.
The District Consumer Disputes Redressal Forum in India is responsible for addressing consumer complaints and disputes related
Question : Which international financial institution provided financial assistance to India during the 1991 crisis?
Option 1: World Bank
Option 2: International Monetary Fund (IMF)
Option 3: Asian Development Bank (ADB)
Option 4: New Development Bank (NDB)
Correct Answer: International Monetary Fund (IMF)
Solution : The correct answer is (b) International Monetary Fund (IMF).
The International Monetary Fund provided financial assistance to India to help address the balance of payments crisis and stabilize its economy. The IMF's support included the provision of loans and the implementation of
Question : P.K. Banerjee, who was the legendary footballer of India, used to play as a:
Option 1: goalkeeper
Option 2: striker
Option 3: midfielder
Option 4: defender
Correct Answer: striker
Solution : The correct answer is the striker.
Pradip Kumar Banerjee (P.K. Banerjee) was an Indian professional footballer who played as a striker. He was also the captain of the Indian Football team and later became the coach of it. He represented India in 45 official
Question : French possessions in India were restored after the Battle of Wandiwash by the Treaty of ________ signed in the year 1763 between Britain and France.
Option 1: Paris
Option 2: Surat
Option 3: Tordesillas
Option 4: Purandar
Correct Answer: Paris
Solution : The correct option is Paris.
The Treaty of Paris, signed in 1763, concluded the hostilities of the Seven Years' War (also known as the French and Indian War) and resulted in the restoration of French possessions in India to France. The British forces, led
Question : In the middle of which century did the Arab traveller Sulaiman visit India?
Option 1: 15th
Option 2: 9th
Option 3: 11th
Option 4: 6th
Correct Answer: 9th
Solution : The correct answer is 9th.
The Arab traveller Sulaiman visited India in the middle of the 9th century. His travels during the 9th century. Sulaiman is known for his accounts of trade and commerce in India during that period. Sulaiman's primary purpose for visiting
Question :
Which of the following is the Regulator of the credit rating agencies in India?
Option 1:
RBI
Option 2:
SBI
Option 3: SIDBI
Option 4: SEBI
Correct Answer: SEBI
Solution : The correct option is SEBI.
The Securities and Exchange Board of India (SEBI) oversees credit rating agencies in India. The Indian securities market is governed by SEBI, which also regulates other facets of the financial markets, such as credit rating agencies.
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