Explore topic-wise InterviewSolutions in Current Affairs.

The poet father wants his son’s teacher to teach him all the values essential for his son to lead a virtuous life, 

(a) Books and Nature: The poet requests {he teacher to teach his son the wonder of books. He should be given quiet time to think about the mysteries and wonders of nature- the birds in the sky; the bees in the sun flowers on a green hill side. 

(b) Being honest: The teacher should teach him that it more honorable to fail than cheat. He/she should teach him the value of a dollar earned is far greater than five dollars found.

When the goods and services are consumed for further production they are called intermediate goods. These goods do not directly satisfy human wants but help in the production of consumer goods. For example, cotton used in spinning and weaving mills. Final goods are the goods ready for final use. For example, car, T.V. sets etc. 

Correct option is (c) Assertion (A) is true, but Reason ( R) is false

a. Both A and R are correct 

(a) Both Assetion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A) 

When the narrator told the girl that he was going to Mussorie, she told him that she wished that she was going there too, because she loved to see the hills especially in October.

She cunningly evaded the narrator’s question asking her how the view was outside the train by asking him to look out of the window and watch the view himself. She asked him if he saw any animals. She also told him that she felt sad because there were hardly any animals left in the forests of Dehra.

After the postman had gone back to the pavilion, the scores were level with only two wickets to fall. Then the Major bowled a fast half – volley on the leg – stump. The sexton hit it fair and square in the middle of the bat and it flashed like a thunderbolt, waist – high, straight at the youth in the blue jumper.

The youth sprang backwards out of its way and fell over on his back. Immediately behind him stood the mighty Boone. There was no escape for him. The ball struck him in the midriff (stomach) like a red hot cannon ball upon a Spanish sailing ship and with the sound of a drumstick upon an insufficiently stretched drum.

With a curse, Boone clasped his hand to his stomach and found that the ball was in his hands. He threw it down angrily and massaged the injured spot. Hence he did not reciprocate cordially when Donald congratulated him.

‘Midriff’ refers to the belly of Boone. The ball is likened to a red – hot cannon ball that hit a Spanish ship. ‘An insufficiently stretched drum’ refers to Boone’s big belly.Thus, the whole description is a comical caricature of Boone, and the ‘hit’ that he received in the belly, like the one given here, contributes to the element of humour.

The narrator did not reveal his handicap when he spoke to the girl. When the girl spoke of the beauty of Mussorie during October, he too spoke about it as if he was able to see it. He never said that his thoughts on the place were got from his memories.

He then described the countryside flashing by. A little later, he told the girl that she had an interesting face. All these instances show that the narrator tried his best to impress that he was normal sighted during his encounter with the girl.

(c) Assertion (A) is true, but Reason ( R) is false 

a. Both A and R are correct 

As soon as the girl enters the compartment, the young man asks her whether she was going all the way to Dehradun. When the girl expresses her surprise and tries to hide the fact that she was blind saying “I didn’t know anyone else was here”, the young man in his enthusiasm to prove her that he was normal sighted tells her, “I didn’t see you either, but I heard you come in”.

Had the young man been confident enough he should not have made the statement, but he was guilty that he was blind and so makes an attempt to cover up his fault.

When the girl learns that he was going to Mussoorie, she tells him that he is luckly and that she loves the hills especially in October. The young man recalls from memory his previous visits to Mussoorie and conveys his approval that October was the best time to visit Mussoorie. Then he gives a beautiful description of the natural scenery in Mussoorie only to let her know that he was normal sighted like any other person.

Next, he tells the girl that she had an interesting face only to flatter her.

a. Assertion is correct and reason is also correct 

Man today is an unstoppable buying machine. Shopping has become more than a need. For increasing numbers of people today, it has become the chief form of entertainment, an obsessive compulsion they have little control over, and often an end in itself. Relentless advertisements persuade people to become buying machines incapable of figuring out how much of all those things they really need.

In a recent survey conducted in the U.S it was discovered that most Americans spend roughly half their leisure time watching T.V and the other half spend their time shopping, the sheer amount of choices available has thrilled shoppers and they have turned into voracious shoppers

The correct answer is Neuro.

• In the context of mental health in India, the second ‘N’ (from left) stand for Neuro in NIMHANS.
• Established in 1925.

• ​National Institute of Mental Health and Neuro-Sciences (NIMHANS):
  • The National Institute of Mental Health and Neuro-Sciences is a premier medical institution located in Bengaluru.
  • It is operated under the Ministry of Health and Family Welfare.

• The industry is seasonal, so getting labour becomes difficult.
• India is still using old and inefficient methods of production, thereby, affecting its production.
• There are transport delays in transporting sugarcane to factories, with the result that it loses its sugar content.
• There is a need to maximise the use of bagasse to face the problem of power break up.

Some of the popular soap brands used extensively are  Lux, Liril, Lifebuoy, Dove, Hamam and Pears produced in India by one of the largest multi national companies(MNCs), Hindustan Unilever Limited.

Dettol body soap is another favourite brand manufactured by another MNC, Reckitt Benckiser.

Other popular indigenous brands are Vivel, Santoor, Mysore Sandal Soap, Himalaya Cucumber and there are many more.

(i) Yes, it will be included in domestic factor income of India as Indian embassy in Japan is a part of domestic territory of India.

(ii) No, payment of fees to a chartered accountant by a firm is an intermediate expenditure for the firm, hence will not be included in domestic factor income of India.

(iii) No, rent received by an Indian resident from Russian embassy in India will be included in domestic income of India as Russian embassy is not a part of domestic territory of India.

(iv) No, as compensation is given by the insurance company to the employee and not by the employer. COE refers to monetary and non-monteary benefits received by an employee from his/her employer.

(i) Yes, It will be included in domestic factor income of India because the Indian embassy in Japan is a part of domestic territory of India.

(ii) Yes, It will be included in domestic factor income of India because the foreign bank is located in the domestic territory of India.

(iii) No, It will not be included in domestic factor income of India because Russian embassy in India is not a part of domestic territory of India.

(iv) No, It will not be included in domestic factor income of India because branch of State Bank of India which is earning profit is in England which is not a part of domestic territory of India.

(B) Supply increase rapidly

(D) All of the above

(B) Non full employment equilibrium

A. (i)-(d) (ii)-(c ) (iii) (b) (iv)-(a) 

Correct option is d. 4,3,2,1

A. True Especially if dietary intake of iron is limited. 

B. False It is more common in women due to menstrual blood loss. 

C. False It causes anaemia by limiting the rate of hemoglobin synthesis. 

D. False In iron deficiency anaemia, RBCs are small and pale due to lack of hemoglobin. 

E. False Oral iron is avidly absorbed in iron deficiency states.

The answer is: False

Correct option is d. 4,3,2,1

Correct option is 

A. (i)-(b) (ii)-(c ) (iii) (d) (iv)-(a)

Correct option is 

3) i-b, ii-d, iii-a, iv-c

(i) With a fall in price of foreign exchange ,the exchange value of domestic currency increases and that of foreign currency falls and foreign goods become cheaper in relation to domestic goods.The rising domestic demand of foreign goods implies higher demand for foreign exchange.

(ii) When Price of the foreign currency reduces ,tourists from home country find it cheaper to visit abroad .Accordingly ,demand for foreign currency rises.

When the rise in demand is due to fall in the price of the commodity , it is called expansion of demand and when the rise in demand is due to factors other than price such as increase in the income of the buyer etc. it is called increase in demand.

Let the retail price =Rs 100 then, commission=Rs 36 

S.P=Rs(100-36)=Rs 64 

But, profit=8.8% 

C.P=Rs(100/108.8*64)=Rs 1000/17 

New commission =Rs.12. New S.P=Rs(100-12)Rs 88 

Gain=Rs(88-1000/17)=Rs 496/17 

Gain%=(496/17*17/1000*100)%=49.6%

Lending abroad increases demand for foreign exchange .Supply of foreign exchange remains unchanged ,exchange rate may rise.

Let C.P =Rs 100 then ,marked price =Rs 100 S.P=75% of Rs 150= Rs 112.50 

Hence, gain%=12.50% 

Let C.P be Rs 100.then S.P be Rs 133 

Let the market price be Rs x 

Then 90% of x=133=>95x/100=133=>x=(133*100/95)=140 

Market price = 40% above C.P

Indifference curve

Budget line shows the combination of two goods which can be purchased with the given income and the prices of given two goods.

Budget line can shift to the right due to the following:

i) There is rise in income of the consumer, with prices remaining same 

ii) Fall in the Px , with no change in income and price of good Y 

iii) Fall in the Py, with no change in income and the price of good X.

Price of related goods affects the demand for a good.

Let the market price of each pen be Rs 1 

then,C.P of 40 pens = Rs 36 S.P of 40 pens =99% of Rs 40=Rs 39.60 

profit %=((3.60*100)/36) %=10%

Slope of budget line is equal to the ratio of the prices of the two commodities i.e. Py / Px.

Short run is a time period when some factors are fixed and some variable. Adjustment to demand can only be done by changing the variable factors such as raw materials, labour, power etc. A firm cannot change the amount of factors such as land, machinery, factory building etc. Long run is a time period when all factors are variable. A producer has enough time to expand his business by changing plants and equipments etc.

Positively sloped demand curve violates the law of demand . It is found in case of giffen goods . These are those inferior goods in case of which income effect is negative and greater than substitution effect , so that net effect points to a positive relation between price and quantity demanded of the commodity .

The price prevalent at the equilibrium point is called the equilibrium price. According to Marshall, when the demand price is equal to the supply price, the total output produced has no tendency either to be increased or decreased; it is said to be in equilibrium. The illustration below shows how the equilibrium price in the market is determined.

The above table shows demand and supply of sugar at different prices. Demand and supply are equal at 12 Kg of sugar. This is the equilibrium point. At this point price of sugar is Rs. 36 kg. Thus the equilibrium price in the market is Rs. 36.

 A rolling plan was a plan for one year.

Slope of indifference curve is equal to MRS i.e. marginal rate of substitution.

Rolling plan was designed for the period 1978-83 .

Elasticity of demand must be greater than unity when expenditure on the commodity responds inversely to any change in price of the commodity .

Indifference curve is convex to the origin due to diminishing MRS.