National Means Cum-Merit Scholarship
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Question : Statement 1: The Foreign Exchange Regulation Act (FERA) was enacted to regulate foreign trade in India.
Statement 2: FERA was replaced by the Foreign Exchange Management Act (FEMA) in 1991.
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 Foreign Exchange Regulation Act (FERA) was enacted in India in 1973 to regulate foreign exchange transactions, control capital flows, and manage foreign trade. It aimed to ensure the
Question : Directions: Identify the diagram that best represents the relationship among the classes given below. Parents, Mothers, and Fathers
Option 1:
Option 2:
Option 3:
Option 4:
Correct Answer:
Solution : Here, both mothers and fathers are parents. Therefore, both the circles representing mothers and fathers will be inside the circle of parents. But, there is no direct relationship between mothers and fathers. So, both the circles will not overlap with each other. So, the Venn diagram
Question : Direction: A series is given, with one term missing. Choose the correct alternative from the given ones that will complete the series.
DCB, HGF, ?, PON
Option 1: LKJ
Option 2: QRO
Option 3: SUM
Option 4: XZY
Correct Answer: LKJ
Solution : Given: DCB, HGF, ?, PON
First part → BCD → Reverse the letters → DCB
Second part → D (first letter of the first part) + 2 = F FGH → Reverse the letters → HGF
Third part → H (first letter of the second
Question : Select the most appropriate one-word substitution for the given group of words. A person of evil reputation
Option 1: icon
Option 2: notorious
Option 3: famous
Option 4: renowned
Correct Answer: notorious
Solution : The correct choice is the second option.
Explanation: "Notorious" specifically refers to someone who is well-known but for negative reasons, often associated with a bad reputation or infamy.
The meanings of the other options are as follows:
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.
Starting and (1)________ a positive daily morning routine is an investment and a way to do your best work every day. It also gives you structure, building forward-moving habits and creating momentum for the rest of the day. It helps you to (2)_________ priorities, limit procrastination, keep track of your goals. Your brain is at its (3)_________ in the morning. And you can get your best work and tasks done without struggle. But distractions can get the best of us. You get distracted and procrastinate. You make plans the previous day to get your most (4)________ task done first thing in the morning, but you don't follow through on them. You are able to get things (5)________ but not the right things.
Question: Select the most appropriate option to fill in the blank number 3.
Option 1: pick
Option 2: peak
Option 3: pique
Option 4: peek
Correct Answer: peak
Solution : The correct choice will be the second option.
Peak indicates the highest point, and in this case, it implies the time of day when cognitive abilities and performance are at their best.
Therefore, the correct answer will be peak.
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