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This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
1). (i) and (ii)2). (ii) and (iii)3). (i) and (iii)4).(i), (ii) and (iii) |
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| 2. |
The International Monetary Fund(IMF) approved 1.5 billion USdollar loan to which of the followingcountry. IMF has already transferred168 million US dollars as the firstInstallment with immediate effect tosupport the country's economy? 1). Greece 2). Jordan3). Bulgaria 4). Sri Lanka |
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| 3. |
1). I & II2).II & III3). Only II 4). All the above |
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| 4. |
When the Kisan Credit Card schemesfor the farmers started in India?1). 1995–1996 2).1998–19993). 2005–20064). 2007–2008 |
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| 5. |
1). 1only2). 2only3). Both 4).None |
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| 6. |
Recently, the World Bank approvedhow much amount as loan to supportrooftop solar programme in India?1). $750 m 2). $500 m3). $525 m4). $625 m |
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| 7. |
Which one of the following is not afeature of "Value Added Tax" ?1).It is multi-point destinationbasedsystem of taxation2). It is a tax levied on value additionat each stage of transaction in theproduction distribution chain.3). It is a tax on the final consumptionof goods or services and mustultimately be borne by theconsumer.4). It is basically a subject of thecentral government and the stategovernments are only a facilitatorfor its successful implementation |
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| 8. |
A debt which is irrecoverable and istherefore written off as loss in theaccounts of an institution or bank isknown as ______1).external debt2). good debt3). bad debt4).internal debt |
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| 9. |
1).I only2).II only3). both 4). none |
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| 10. |
The Board of Governors of the AsianInfrastructure Investment Bank (theBank) convened in which of thefollowing place for the Bank's firstAnnual Meeting?1).New Delhi, India2). Beijing, China3). Tokyo, Japan4). Seoul, South Korea |
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| 11. |
1). Only II 2).I & III3).II & III4). All the above |
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| 12. |
'Pradhan Mantri Jan-Dhan Yojana' hasbeen launched for1).providing housing loan to poorpeople at cheaper interest rates2).promoting women’s Self-HelpGroups in backward areas3).promoting financial inclusion in thecountrY4).providing financial help to themarginalized communities |
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| 13. |
The Veerappa Moily Commission isits report on Administrative Reformsamong other aspects has suggesteddoing away with which one of thefollowing pairs of Articles of theConstitution of India?1).Articles 305 and 3062). Articles 307 and 3083). Articles 308 and 3094). Articles 310 and 311 |
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| 14. |
India and which of the followingorganization agreed to resolve theoutstanding issues for resumptionof long-stalled negotiations fora proposed free trade agreementrecently?1). World Trade Organization (WTO)2). European Free TradeAssociation (EFTA)3). South Asian Association forRegional Cooperation (SAARC)4). Association of Southeast AsianNations (ASEAN) |
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| 15. |
1). I only2). II only3). I & II only4).I, II and III |
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| 16. |
Which of the following statement wouldnot include Foreign Direct Investment inIndia?1). By incorporating a wholly ownedsubsidiary or company anywhere2).By acquiring shares in anassociated enterprise3). Through a merger or anacquisition of an unrelatedenterprise4). Participating in an equity jointventure with same investor orenterprise |
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| 17. |
Which of the following is not anexample of 'public goods'?1). National Forests2). Roads3). National defense4). Cars |
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| 18. |
Which one of the given choices isthe most important part of "TheGovernment Budget"?1).Capital Budget only2). Revenue Budget and CapitalBudget3).Revenue Budget only4). None of the given choices |
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| 19. |
1). 1 only 2). 2 only3).Both 1 and 24).Neither 1 nor 2 |
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| 20. |
1). I & II 2).II & III3). Only IV4). All the above |
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| 21. |
Which of the following best describesthe "Primary deficit"?1). It is the difference between capitalreceipts and Interest Payment2). It is the difference betweenthe Fiscal Deficit and InterestPayment3). It is the addition of Fiscal Deficitand Interest Payment4).It is the difference betweenRevenue receipts and RevenueExpenditure |
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| 22. |
Which of the following pairs is notcorrectly matched?1). Increase in—Monetary expansion2). Low import growth rate in India-Recession in Indian industry3).Portfolio investment—Foreigninstitutional investors4). Euro-issues—Shares held byIndian companies in Europeancountries |
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| 23. |
1). 1 only 2).1 and 2 only3). 1 and 3 only4). 1,2 and 3 |
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| 24. |
Consider the following statementsregarding the Federation of IndianExport Organisation (FIEO).Which of the statements given is/arecorrect?1). FIEO was set up in 1965 under theaegis of Ministry of Commerce2). It is an apex body of ExportPromotion Organisations3). FIEO renders an integratedpackage of services to variousorganizations connected withexport promotion.4). All of the above |
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| 25. |
1). 1 only 2). 2 and 4 only3). 1, 3 and 4 only4). 1, 2, 3 and 4 |
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| 26. |
1ST ARC was established on1). 5 Jan 19662). 10 Jan 19693). 31 Aug 20054).5 Jan 1986 |
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| 27. |
Who among the following has not beenchairperson of Law Commission1). Mr. Justice H. R. Khanna2).Mr. Justice K Jayachandra3). Mr. Justice P. V. Reddi4). H l Dattu |
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| 28. |
When the annual Union Budget is notpassed by the Lok Sabha ?1). The Budget is modified andpresented again2). The Budget is referred to the RajyaSabha for suggestions3). The Union Finance Minister isasked to resign4). The Prime Minister submits theresignation of Council of Ministers |
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| 29. |
In India, the interest rate on savingsaccounts in all the nationalizedcommercial banks is fixed by1). Union Ministry of Finance2). Union Finance Commission3). Indian Banks’ Association4).None of the above. |
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| 30. |
1). 1 and 2 2). 3 and 43). 1, 3 and 44). 2, 3 and 4 |
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| 31. |
At the current price there is a shortageof a product. We would expect price to:1). increase, quantity demanded toincrease, and quantity suppliedto decrease2).increase, quantity demanded todecrease, and quantity suppliedto increase3). increase, quantity demanded toincrease, and quantity suppliedto increase4). decrease, quantity demanded toincrease, and quantity suppliedto decrease |
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| 32. |
According to the ChakravarthyCommittee, one of the principal causesaffecting price stability in India is:1).existence of black money2).violent fluctuation in agriculturalproduction3). India’s precarious balance ofpayment position4).fiscal defici |
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| 33. |
1). 1 and 22).3 and 43). 1, 2, 3, 44). None of the |
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| 34. |
2nd ARC kept excluded from its purvieware1). defence2). railway3). security and intelligence4). all of the above |
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| 35. |
Whose duty is it to recommend to thePresident of India on the issue of thedistribution and allocation of the netproceeds of taxes in the context ofCentre-State fiscal relations?1). Planning Commission2). National Development Council3). Union Ministry of Finance4). Finance Commission |
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| 36. |
With reference to the Finance Commissionof India, which of the following statementsis correct?1). It encourages the inflow of foreigncapital for infrastructure development2). It facilitates the proper distributionof finances among the Public SectorUndertakings3). It ensures transparency in financialadministration4). None of the above |
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| 37. |
The Institution of Ombudsman was firstintroduced in:1). New Zealand2). Norway3).Finland4). Sweden |
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| 38. |
Who among the following is not a partof 2nd ARC.1). A.P Mukherjee2). Veerapa Moily3).Satish Reddy4). Jayaprakash Narayan |
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| 39. |
Term of 21st Law Commission is1).4 year 2). 3 year3).2 year 4). 5 year |
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| 40. |
Who among the following is responsiblefor the final compilation of the accountsof the Union Government1).Finance Minister2). Secretary (Finance)3).Controller General of Accounts4). Comptroller and Auditor General |
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| 41. |
The first Law Commission during Britishrule established under1).Charter Act of 18332). Pitts India Act3). Montagu Chemsford Reform4).Indian Independence Act 1947 |
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| 42. |
Chairperson of 21st Law Commission ofIndia is1). Balbir Singh Chauhan2). Mc Setalvad3). P Shah4). Pv Reddi |
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| 43. |
1). A-4, B-3, C-2, D-12). A-3, B-4, C-1, D-23). A-4, B-3, C-1, D-24).A-3, B-4, C-2, D-1 |
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| 44. |
The RBI has cancelled the registrationcertificates of how many non-bankingfinancial companies (NBFCs)?1). 6 2). 43). 3 4). None of These |
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| 45. |
1). I & II 2). Only II3). Only III4). All the above |
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| 46. |
1). Only I2). I & II3).I & III4). None of the above |
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| 47. |
1). I & II 2).Only II3). Only III4). All the above |
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| 48. |
1). 1 and 2 2). 3 and 43).1 and 44). 1, 2, 3, 4 |
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| 49. |
Tourism industry in India is quite smallcompared to many other countries interms of India's potential and size.Which one of the following statementsis correct in this regard?1). Distances in India are too farapart and its luxury hotels are tooexpensive for Western tourists.2).For most of the months India istoo hot for Western tourists to feelcomfortable.3). Most of the picturesque resortsin India such as in the northeastand Kashmir are, for all practicalpurposes, out of bounds.4). In India, the infrastructure requiredfor attracting tourists is inadequate |
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| 50. |
Which one of the following groups ofitems is included in India's foreignexchangereserves?1). Foreign-currency assets, SpecialDrawing Rights (SDRs) and loansfrom foreign countries2). Foreign-currency assets, goldholdings of the RBI and SDRs3). Foreign-currency assets, loans fromthe World Bank and SDRs4).Foreign-currency assets, goldholdings of the RBI and loans fromthe World Bank |
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