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. |
According to Adam Smith, a country should export what kind of commodity? |
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Answer» Goods with Absolute non-relative profit. |
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| 2. |
Which of the following nation group is India’s main import partner? (a) OECD nations (b) OPEC countries (c) Eastern European countries (d) Developing Nations |
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Answer» (b) OPEC countries |
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| 3. |
Which of the following is the main item of India’s export at present? (a) Electronic goods (b) Pearls and precious stones (c) Petroleum goods (d) Non- electrical machinery |
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Answer» (c) Petroleum goods |
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| 4. |
State two advantages of foreign trade. |
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Answer» 1. Large scale production. 2. Benefit of division of labour. |
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| 5. |
Describe the social organisation of the Maasai tribe in the pre-colonial times. What changes occurred in Maasai community during colonial period? |
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Answer» 1. The Maasai society was divided into two social categories – elders and warriors. The elders formed the ruling group and the warriors were responsible for the protection of the tribe. 2. They were assertive, aggressive and brave but were subject to the authority of the elders. They proved their manliness by conducting raids and participating in wars. Raiding was important in a society where cattle were wealth. 3. The Maasai lost about 60% of their pre-colonial lands. Pasture lands were turned into cultivated fields and Maasai were confined to an arid zone with uncertain rainfall and poor pastures. 4. They could not move over vast areas in search of pastures. It affected both their pastoral and trading activities as they were not only deprived of land but of all forms of trade. |
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| 6. |
What were the views of the British officials about nomadic people? Mention two provisions of the Criminal Tribes Act. |
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Answer» 1. British officials were suspicious of nomadic people. They distrusted mobile craftsmen and traders who hawked their goods in villages, pastoralists who changed their residence every season. 2. The colonial government wanted to rule over a settled population. Under the Criminal Tribes Act, the nomadic people were considered criminals by nature and birth and many communities of craftsmen, traders and pastoralists were classified as Criminal Tribes. 3. These communities were restricted to living in notified village settlements and were not allowed to move without a permit. |
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| 7. |
Before Independence, the main foreign trade of India was with: (a) Japan (b) China (c) Switzerland (d) Britain |
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Answer» Correct Answer is: (d) Britain |
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| 8. |
India’s position in the world’s leading importing countries in 2004 was: (a) 23rd (b) 12th (c)19th (d) None of these |
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Answer» Correct Answer is: (a) 23rd |
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| 9. |
How did pastoralists adapt to new situations? |
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Answer» They change the paths of their annual movement, reduce their cattle numbers, press for rights to enter new areas, exert political pressure on the government for relief, subsidy and other forms of support and demand a right in the management of forests and water resources. |
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| 10. |
Differentiate between Indian and Maasai pastoralists. |
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Answer» (i) In India all pastoralists were affected but in Africa elders and warriors were not affected by colonial rules (ii) In India forests were taken but in Africa they were pushed to certain areas. (iii) Wealthy pastoralists can be seen in Africa but not in India. |
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| 11. |
Organization of oil exporting countries (OPEC) does not include: (a) United Arab Emirates (b) America (c) Saudi Arabia (d) Iran |
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Answer» Correct Answer is: (b) America |
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| 12. |
Which countries are included in the Organization of Oil Exporting Countries (OPEC)? |
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Answer» United Arab Emirates, Saudi Arabia, Iran etc. |
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| 13. |
How is scoring done in league matches? |
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Answer» Scoring: Scoring in league matches is done as per the details: Winner of the match - 2 points Draw - 1 point Loser - 0 point The points are added for all the played matches. The team which scores maximum points is declared as winner. In case of a tie, the team which defeated the other team earlier, is declared as winner. if 3 or more teams are tied, then the position is decided by calculating goal average or run rate. |
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| 14. |
List various objectives of planning in sports. |
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Answer» Objectives of planning: Thinking beforehand for smooth conduct of any programme is planning. We prepare well in advance for proper execution of work and there is no chaos. Planning (a) provides direction which saves time. (b) reduces risk of uncertainty. (c) reduces overlapping and wasteful activities. (d) promotes innovative ideas. (e) facilitates decision making. (f) establishes standards of controlling. |
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| 15. |
Explain any two objectives of planning. |
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Answer» Two objectives of planning are: (a) To organize sports competitions successfully: Success or failure of any sports event largely depends on planning. We need to plan the things well in advance so that there is no confusion at the last moment. (b) To prevent wastage of time: Planning saves a lot of time and overlapping. Proper management of work saves time. Professionals' help should be obtained wherever necessary for any arrangement. Proper scheduling and proper time management improve productivity. |
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| 16. |
What will be the elasticity of demand for goods, to which consumers are addicted? |
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Answer» Goods to which a person becomes accustomed or addicted will have inelastic demand, like cigareette, coffee, tobacco, etc. It is so, because a person doesn’t want to live without these kind of goods. Mostly, these kind of goods are injurious for health. |
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| 17. |
Demand for a good will tend to be more elastic if it exhibits this characteristic (a) It represents a small part of the consumer’s income (b) The good hgs many substitutes available (c) It is a necessity (as opposed to luxury) (d) There is little time for the consumer to adjust to the price changes |
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Answer» (b) The good hgs many substitutes available |
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| 18. |
When is elasticity of demand called unitary? |
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Answer» Elasticity of demand is said to have unitary elasticity, when a certain percentage change in price produces an equal percentage change in demand. |
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| 19. |
What is perfectly elastic demand? |
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Answer» This is a demand in which there are very large changes in demand due to slight changes in price. |
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| 20. |
When is demand elastic? |
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Answer» When due to slight changes in price, the demand of the commodity changes in the market. |
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| 21. |
What is meant by perfectly inelastic demand? |
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Answer» This is a demand in which there is no change in demand due to price change. |
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| 22. |
When is demand inelastic? |
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Answer» When if there is no impact of change in price on the demand of commodity, the demand is inelastic. |
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| 23. |
Demand for a good will tend to be more inelastic if it exhibits the following characteristics — (a) The good has many substitutes (b) The good is a luxury (as opposed to a necessity) (c) The good is a small part of the consumer’s income (d) There is a great deal of time for the consumer to adjust to the change in prices |
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Answer» (c) The good is a small part of the consumer’s income |
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| 24. |
If electricity demand is inelastic, and electric rates increases, which of the following is likely to occur? (a) Quantity demanded will fall by a relatively large amount (b) Quantity demanded will fall by a relatively small amount (c) Quantity demanded will rise in the short-run, but fall in the long run (d) Quantity demanded will fall in the short-run, but rise in the long run |
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Answer» (b) Quantity demanded will fall by a relatively small amount |
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| 25. |
Specify the document which comes under the Negotiable Instrument Act. (a) Share Certificate (b) Share (c) Share Warrant (d) Stock |
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Answer» (c) Share Warrant |
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| 26. |
Correct the underlined word and rewrite the sentencei. Financial help should be provided by business organisation for anti-social activities.ii. Business ethics is a compulsory term.iii. Business ethics is not a relative term.iv. Social values are based on perceptions of right or wrong.v. Moral values provide general guidelines for social conduct. |
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Answer» i. Financial help should not be provided by business organisation for anti-social activities. ii. Business ethics is a voluntary term. iii. Business ethics is a relative term. iv. Moral values are based on perceptions of right or wrong. v. Social values provide general guidelines for social conduct. |
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| 27. |
Corporate Entrepreneur is also called as _________ (a) Intrapreneur (b) Promoter (c) Manager (d) Shareholder |
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Answer» Corporate Entrepreneur is also called as Promoter. |
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| 28. |
State the name of the.following ventures:a. Started by individuals for profit motive b. Started by Government c. Started by individuals and Government togetherd. Started as a family business |
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Answer» a. Private entrepreneur b. State entrepreneurship c. Induced entrepreneur d. Classical entrepreneur |
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| 29. |
Write a short note on retail entrepreneurs. |
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Answer» Retail entrepreneurs are those who enter into venture of distributing the end product to final consumer. They used to buy the goods from numerous wholesalers. |
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| 30. |
Who are technical entrepreneurs? |
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Answer» Technical entrepreneurs are those craftsmen like welder, fitter, turner, carpenter and goldsmith, photographer, weaver who start small business. They manufacture products/service of high quality. They simply focus on production rather than on marketing. |
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| 31. |
Give some examples of pure entrepreneurs. |
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Answer» Dhirubai Ambani, Jamshedji Tata, T.V. Sundaram Iyengar, Seshadriji, Birla, Narayanamurthi, and Azim Premji are few examples of pure entrepreneurship. |
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| 32. |
Identify the part of flower.A) Stamen B) Pistil C) Petals D) Sepals |
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Answer» Correct option is B) Pistil correct option is b)pistil |
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| 33. |
What is the difference between 160 cm and 160.0 cm. |
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Answer» 160 has three significant figures while 160.0 has four significant figures. Hence, 160.0 represents greater accuracy. |
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| 34. |
Which of the below is not a characteristic of a Fabian Entrepreneur? (a) Conservative (b) Risk averse (c) Sceptical (d) Adaptive |
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Answer» Correct Answer is: (d) Adaptive |
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| 35. |
Motive of a Pure Entrepreneur is _________ (a) Rendering service (b) Earning profit (c) Attaining status (d) Both b and c |
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Answer» (d) Both b and c |
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| 36. |
What is political environment? |
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Answer» To commence business, various factors are needed. Apart from all other factors, political environment is also essential. It means that the concessions, incentives provided by the government drive them to enter into venture. The government also provides support in the form of loans, subsidies and other taxes. |
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| 37. |
(a) Explain the term ‘isomers’. Give one example of isomers.(b) Write IUPAC name of the compound having the formula n-C H . |
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Answer» (a) The organic compounds having the same molecular formula but different structures are known as isomers for ex: n-butane and iso-butane are isomers. (b) Butane |
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| 38. |
(a) What are hydrocarbons ? Explain with examples.(b) Explain the meaning of saturated and unsaturated hydrocarbons with two examples each.(c) Give the names and structural formulae of one saturated cyclic hydrocarbon and one unsaturated cyclic hydrocarbon.(d) Give one example of a hydrocarbon, other than pentane, having more than three isomers. |
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Answer» (a) A compound made up of hydrogen and carbon only is called a hydrocarbon (Hydrogen + Carbon= Hydrocarbon). For exampe: methane (CH4 ), ethane (C2H6), ethene (C2H4), and ethyne (C2H6), all are hydrocarbons as they are made up of only two elements: carbon and hydrogen. (b) Saturated Hydrocarbons: These are the ones in which the carbon atoms are connected by only single bonds. They are also known as alkanes. Example: Methane (CH4) and ethane (C2H6) Unsaturated Hydrocarbons: These are the ones in which two carbon atoms are connected by a double bond or a triple bond. Example: Ethene (C2H4) and ethyne (C2H2) (c) Saturated cyclic hydrocarbon: Cyclohexane, C6H12 Unsaturated cyclic hydrocarbon: Benzene, C6H6 (d) Hexane, C6H14 |
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| 39. |
A solid element X has four electrons in the outermost shell of its atom. An allotrope Y of this element is used as a dry lubricant in machinery and also in making pencil leads.(a) What is element X ?(b) Name the allotrope Y.(c) State whether allotrope Y is a good conductor or non-conductor of electricity.(d) Name one use of allotrope Y (other than lubrication and pencil leads)(e) Name two other allotropes of element X. |
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Answer» (a) Element X : Carbon (b) Allotrope Y: Graphite (c) Y is a good conductor of electricity. (d) Y is used for making graphite electrodes or carbon electrodes in dry cells. (e) Allotropes of X: Diamond and buckminsterfullerene |
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| 40. |
What is/are oxidation states of gallium? Give its reason also. |
| Answer» +1 and +3 ,due to inert pair effect. | |
| 41. |
Which of the following is more acidic: TI2 O and B2 O3? |
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Answer» B2 O3 because down the group acidic character decreases because ionization enthalpy decreases. |
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| 42. |
What is the other name of business entrepreneur? |
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Answer» The term entrepreneur means the. person who takes steps for commencing the business. So he is otherwise called as organiser or proprietor. |
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| 43. |
Who are agricultural entrepreneur? |
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Answer» Agricultural entrepreneurs are those entrepreneurs who raise farm products and market them. |
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| 44. |
Which of the following is more basic: TI2 O and N2 O3? |
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Answer» TI2 O because down the group basic character increases because ionization enthalpy decreases. |
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| 45. |
What are Lewis acids? |
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Answer» Lewis acids accept an electron pair. Lewis Acids are Electrophilic meaning that they are electron attracting. When bonding with a base the acid uses its lowest unoccupied molecular orbital or LUMO.An atom, ion, or molecule with an incomplete octet of electrons can act as an Lewis acid (e.g., BF3, AlF3). |
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| 46. |
Find the odd one out in context of Trading Entrepreneur. (a) Selling (b) Commission (c) Buying(d) Manufacturing |
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Answer» (d) Manufacturing |
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| 47. |
Choose the type of entrepreneur that isn’t based on function: (a) Innovative (b) Classical (c) Fabian (d) Drone |
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Answer» Correct Answer is: (c) Fabian |
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| 48. |
Choose the type of Entrepreneur that is not based on Motivation: (a) Pure (b) Corporate (c) Spontaneous(d) Induced |
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Answer» (c) Spontaneous |
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| 49. |
Explain the various disadvantages of MBO. |
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Answer» 1. MBO fails to explain the philosophy; most of the executives do not know how MBO works? what is MBO? and why is MBO necessary? and how participants can benefit by MBO. 2. MBO is a time consuming process. Much time is needed by senior people for framing the MBO. Next,it leads to heavy expenditure and also requires heavy paper work. 3. MBO emphasises only on short-term objectives and does not consider the long-term objectives. 4. The status of subordinates is necessary for proper objectives setting. But, this is not possible in the process of MBO. 5. MBO is rigid one. Objectives should be changed according to the changed circumstances, external or internal. If it is not done, the planned results cannot be obtained. |
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| 50. |
What are the major advantages of MBO? |
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Answer» The advantages of MBO are explained below : 1. Managers are involved in objectives setting at various levels of management under MBO and this commitment ensures hard work to achieve them. 2. MBO process helps the managers to understand their role in the total organisation. 3. Manager recognises the need for planning and appreciates the planning. 4. MBO provides a foundation for participative management. Sub-ordinates are also involved in goal setting. 5. A department does not work at cross purpose with another department. In other words, each department’s objectives are consistent with the objectives of the whole organisation. 6. Systematic evaluation of performance is made with the help of MBO. 7. MBO gives the criteria of performance. It helps to take corrective action. 8. Delegation of authority is easily done with the help of MBO. 9. MBO motivates the workers by job enrichment and makes the jobs meaningful. 10. The responsibility of a worker is fixed through MBO. |
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