Explore topic-wise InterviewSolutions in Current Affairs.

Hero pens produced in China and sold in India is an example for Foreign trade.

(c) Reserve Bank of India

Correct Answer is: (a) Place

Commonly used terms in case of Insurance are: 

1. Insurer who promises the insured to compensate for the risks agreed upon. 

2. Insured who is assured by the Insurer to be compensated for losses. 

3. Subject matter of Insurance is life or property. 

4. Sum Assured is the maximum amount to be paid as compensation to the insured by the insurance in case of any event. 

5. Premium is the amount paid in lump sum or in installment by the insured in exchange of promises to secure losses.

Various modes of transportation are: 

1. Land Transportation: 

1. Rail Transport 

2. Road Inland Transport. 

2. Air Transport-Aeroplanes. 

3. Water Transportation: 

1. Shipping and 

2. Internal Water Transport.

The river Brahmaputra is the best means of water transportation.

(c) Inland letter

(c) Advancing Loans

Mercantile Agents are also called functional middlemen. A businessman appoints a person to buy and sell goods on his behalf and gives him the right to borrow money on the security of goods. He is known as mercantile agent.

Kinds of Mercantile Agents or Agent Middlemen:

1. Brokers 

2. Factors 

3. Commission Agents 

4. Del – credere Agents 

5. Auctioneers 

6. Warehouse keepers.

Four acts of human objectives: 

1. Humanistic behaviour with labourers and workers. 

2. To provide adequate salary and good working conditions. 

3. To manage labour welfare and social security. , 

4. To settle the grievances of workers as early as possible.

The buying and selling of goods and services consists of trade. Trade is conducted in order to earn profit.

1. The buying and selling of goods takes place within the boundaries of the same country. 

2. Payment for goods and services is made in the currency of the home country. 

3. It involves transactions between the producers, consumers and the middlemen.

4. It consists of a distribution network of middlemen and agencies engaged in exchange of goods and services. 

5. In home trade the risk of transportation is very less when compared to the foreign trade.

6. In home trade the laws prevailing in that country only have to be followed. 

7. The aim of home trade is to provide the goods and services economically. 

8. The goods must be a part of domestic production. 

9. Goods must be purchased from an individual or a firm established within a country.

10. Goods can be delivered using locally available modes of transport. 

11. It does not involve any custom/import duty, but buyers need to pay the taxes to the Government.

1. Nilgiris Super Market 

2. Reliance Fresh 

3. A.N.S. Pandian Stores

The four activities of Business objective are: 

1. To earn satisfactory profit. 

2. Providing satisfaction to the customer. 

3. Avoid profiteering and unfair trade practice. 

4. Keeping the national interest in priority, welfare and social security to workers. To provide opportunity of promotion, salary and working facilities.

Types of Industries on the basis of nature of work are:

1. Genetic Industries: Industries which are concerned with the generating activities like agriculture, gardening, animal husbandry, fishery, poultry, forestry etc. 

2. Extractive Industries: Various kinds of goods are extracted from natural resources like land, forests, water etc. A few example of extractive industries are getting coal, iron, copper, natural oil, gas etc. through mining, catching fish from sea, wood, herbs, gum, rubber etc. from forests etc. 

3. Manufacturing Industries: In such industries raw material and semi-finished goods are transformed into finished goods, e.g. Making sugar from sugarcane, cloth from cotton, furniture from wood etc.

4. Constructive (Building) Industries: They create means which are more useful to the people, like building roads, bridges, canals, dams, etc. 

5. Assembling Industries: Here some parts of a machine are assembled so to make them useful for the consumer, e.g. computers, cars, watches, etc.

(b) Extractive Industries

The essence of trade is to make goods and services available to those persons who need them and are able and willing to pay for them. Trade is conducted in order to earn profit.

INR (Indian Rupee) is used in India in internal trade. Payment of goods and services is made in the currency of home country.

Type of International trade : Home trade consists of two main sub – divisions namely (i) Wholesale trade and (ii) Retail trade.

Foreign trade is a trade between a seller and buyer of different countries.

These three aspects of Business can be distinguished from each other on the below given basis:

1. Meaning: Trade: Purchase and sale of goods and services for profit is called trade. 

Commerce: Trade and auxiliary activities of trade are included in commerce. 

Industry: The production of goods and services is called industry. 

2. Objective: Trade: The objective of trade is exchange of goods and services. 

Commerce: The objective of commerce is to remove the obstacles from the ways of exchange of goods and services. 

Industry: The objective of industry is to produce goods and services. 

3. Scope: Trade: The scope of trade is limited to the purchase and sale of goods. 

Commerce : Scope of commerce is wide. It includes trade and its auxiliary activities. 

Industry: It includes all types of activities related to production.

4. Creation of Utility: Trade: Authority utility is created. 

Commerce: Time, place and authority utilities are created. 

Industry: Form utility is created. 

5. Interdependence: Trade: It is based on industry. 

Commerce: Basis of commerce is trade. 

Industry: It is based on commerce. 

6. Ownership: Trade: It is owned and controlled by merchants, wholesalers, retailers, importers and exporters. . 

Commerce: It is owned and controlled by merchants and commercial men. 

Industry: It is owned by industrialists. Thus trade, commerce and industry though part of the business, are distinguished from each other.

Differences between Trade and Commerce:

1. Meaning: Purchase and sale of goods and services for profit is called trade. Commerce is related with the trade and its auxiliary activities. 

2. Objective: Trade aims at exchange of goods and services. The objective of commerce is to remove obstacle from the ways of exchange of goods and services. 

3. Scope: The scope of trade is limited whereas the scope of commerce is wide. 

4. Creation of utility: In case of trade authority utility is created whereas in case commerce, Time, place and authority utilities are created. 

5. Interdependence: The basis of trade is industry and the basis of commerce is trade.

(c) Assembling

Industry is related with those activities which are conducted to produce goods by harnessing different physical or natural resources, so as to fulfil the needs of the consumers. Thus, industry creates ‘Form utility’ through processing, manufacturing, construction and extraction.

On the basis of nature of work the industries can be categorised into five types as given below:

1. Genetic Industries as: 

• Agriculture 

• Horticulture 

• Gardening 

• Animal Husbandry 

• Fisheries 

• Poultry

2. Extractive Industries: 

• Mining to get coal, iron, gas, natural oil, etc. 

• Fishing to catch fish 

• Hunting in the forest

• Harnessing, wood, herbs, gum, rubber, etc. from forests. 

3. Manufacturing Industries: 

• Making sugar from sugarcane 

• Clothes from cotton. 

• Furniture from wood 

• Cement industry 

• Paper industry 

• Soap industry 

• Jute Industry etc. 

4. Constructive Industries: Construction of 

• Roads 

• Bridges 

• Canals 

• Dams and Buildings 

5. Assembling Industries: 

• Computer 

• Car 

• Scooter 

• Watches 

• Television sets etc.

Various types of banks:

1. Central Bank: It is the apex bank in the banking system of the country. Reserve Bank of India is the central bank in India, performing the following functions: 

1. It regulates and controls the credit effectively. 

2. It exercises control on all banking activities. 

3. It issues currency and is the representative of the government of India. 

2. Commercial Banks: These banks do general banking functions. These banks are working both in the public as well as private sectors. In India there are 27 commercial banks, i.e. State Bank of India and its associates. Functions of the commercial banks: 

1. They deposit money and advance loans. 

2. They transfer money as the agents of the customers. 

3. They collect bank drafts and cheques and arrange their payment. 

3. Co-operative Banks: In India the co-operative banks are functioning, mainly to fulfill the need of agricultural credit. They work on the basis of co-operative principles. There is three-tier system of cooperative banks in India: 

1. State co-operative bank at state level. 

2. Central co-operative bank at district level. 

3. Primary Agricultural Credit Co-operative Societies (Samities) at village level. 

For a long term credit the government has established Central Land Development Bank at State level and Primary Land Development bank at district level. 

4. Industrial Development Bank: Most of the Industrial banks came into existence after independence as at the central level Industrial Finance Corporation of India, 1948, Industrial Credit and Investment Corporation of India 1955, Industrial Development Bank of India, 1964 and Industrial Reconstruction bank of India 1985 and at state level there is State Finance Corporation. 

5. Regional Rural Banks: Rural banks have been established to fulfill the village level credit needs. The first gramin bank was established on 2nd Oct, 1975. Presently there are 14000 branches of 196 Regional banks in 516 districts.

6. Export – Import Bank: This was established to encourage and to promote foreign trade. The bank provides loan facilities to businessmen engaged in Export and Import trade. In India this bank was established in Jan, 1982. 

7. Investment Bank: The main function of this bank is to collect the scattered savings in the country and utilize them for productive purposes. L.I.C, Unit Trust of India, Mutual Funds etc. are the agencies which are working as Investment banks in India. 

8. Saving Bank: In India it is the commercial banks which are doing the work of the saving banks. There is no such separate bank for savings exclusively. 

9. International Bank: In 1944 after the second world war International Bank for Reconstruction and Development was established in order to stabilize and improve economic condition of various countries of the world. This bank is also called World Bank. It has two associate institutions i.e. International Development Association and International Financial Corporation. 

10.Indigenous Bank: In India the Indigenous banks are very common. They are known as Mahajans, Sahukars, Sarraf, etc. They help the people by providing loans for business and agricultural purposes.

Correct Answer is: (d) Fax

(c) Believe in insurer and insured

Correct Answer is: (b) Fax

default is used to assign a default value for the field

SQL-Structured Query Language is a language used for accessing databases while MySQL is a database management system, like SQL Server, Oracle, Informix, Postgres, etc. MySQL is a RDBMS.

(b)  primary

Ho Chi Minh was the founder of Vietnamese Communist Party.
A contribution of Ho Chi-Minh :
(i) ln 1930, he brought together competing for nationalist groups to establish Vietnamese Communist Party.
(ii) He was inspired by the militant demonstration of the European communist parties.
(iii) In 1940, Japanese occupied Vietnams so now they had to fight against the Japanese as well as French.
(iv) A league called'Viet Minh' was formed to fight with Japanese and they got back Hanoi in 1945.

(i) The Ho Chi Minh Trail was used by the North Vietnamese as a route for its troops to get into the South.
(ii) They a.lso used the trail as a supply route - for weapons, food, and equipment.
(iii) The Ho Chi Minh Trail ran along the Laos/ Cambodia and Vietnam borders and was dominated by jungles.
(iv) In total the 'trail' was about 1000 kilometers in length and consisted of many parts.

It was the occasion of International Women’s Day in 1992. Pudukkottai was taken by storm. The town’s inhabitants were stunned by the all-women’s cycle rally. However, it was approved by all males.

The District Collector’s main aim was to make literacy reach the interior. So mobility was included as a part of literacy drive. Loans were provided by banks for women to buy cycles. Specific duties were allotted to each block to promote this drive.

Sheela Rani Chunkath was the district collector of Pudukkottai in 1991. As a part of the female literacy drive, she wanted to train female literacy activists so that literacy would reach women in the interior. She had realized that the lack of mobility among women played a big role in undermining their confidence. Therefore, she included ‘mobility’ as a part of the literacy drive. Naturally, literacy activists learned cycling first. This inspired the neo-literates also to learn cycling. This, in turn, inspired every woman in the village to learn cycling. The literates, having become neo-cyclists, encouraged every woman in the district to learn cycling by organizing ‘cycle training camps’. Thus, cycling came to be linked to the literacy movement in Pudukkottai.

Vietnam is divided into two parts: North and South.

The extraction of metals from their ores and then refining them for use is known as metallurgy.

No, the substance like vinegar, tamarind etc. contain acids which when accidentally fall on marble will react with the marble causing discoloration etc

Correct option is B) Agriculture

Suggestions: 

1. Heavy investments should be created in basic industries.

2. Means of transportation and communication should be developed.

The agricultural sector is continued to prove the largest employer between 1973-2000.

(C) every villager who has the vote

1. Sarpanch

2. Sarpanch and ward members

3. indirect election

4. October 2nd, 2019

5. August 15th, 2019

6. 11

7. Mandal Parishad

8. Zilla Parishad

9. direct election

10. indirect election

Services like transportation, communication, financing, insurance, banking, etc. are auxiliaries to trade or aid to trade. These services constitute service sector of trade.

Nationalism spreads when people begin to believe that they are all part of the same nation. The sense of collective belonging came partly through the experience of united struggles.

(i) United struggle : The most important factor responsible for arousing the sense of nationalism among the Indians was the united struggle against the Britishers.

(ii) Cultural processes : There were also a variety of cultural processes through which nationalism captured people’s imagination. History and fiction, folklore and songs, popular prints and symbols, all played a part in the making of nationalism.

(iii) Role of the Leaders Leaders like’ Mahatma Gandhi, Jawaharlal Nehru aroused the feelings of nationalism through their motivational speeches and political activities.
Thus, it can be concluded that nationalism spread, when people began to believe that they were all part of the same nation.

Relative poverty. 

Relative poverty can be judged by comparing the standards of living of different sections of the people. Relative poverty is found in all the countries of the world. It cannot be completely eradicated.