Explore topic-wise InterviewSolutions in Current Affairs.

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.

In the track shown in figure section `AB` is a quadrant of a circle of `1` meter radius. A block is released at `A` and slides without friction until it reaches `B`. After B it moves on a rough horizontal floor and comes to rest at distance `3` meters from B. What is the coefficient of friction between floor and body? A. `1//3`B. `2//3`C. `1//4`D. `3//8`

Answer» Correct Answer - A
`mg1=(1)/(2)m u_(2)rArr u_(2)=2g`...(1)
`v_(2) =u_(2)+2as rArr 0=2g-2a(3)`
`rArr a=(g)/(3) rArr mu_(k) g=a`
`:. mu_(k) g = (g)/(3)`
`:. u_(k) = (1)/(3)`
2.

The equation of a plane containing the line of intersection of the planes 2x – y – 4 = 0 and y + 2z – 4 = 0 and passing through the point (1, 1, 0) is -(1)   x – 3y – 2z = – 2(2)   x – y – z = 0(3)   x + 3y + z = 4(4)   2x – z = 2 

Answer»

Correct option  (2) x – y – z = 0 

Explanation:

Required equation of plane

(2x – y – 4) + λ (y + 2z – 4) = 0

Required plane passes through (1, 1, 0)

(2 – 1 – 4) + λ (1 + 0 – 4) = 0 

λ = – 1 

(2x – y – 4) – (y + 2z – 4) = 0

2x – 2y – 2z = 0

x – y – z = 0 

3.

Split 44 as sum of three odd prime numbers

Answer»

Refers to the below link

http://bit.ly/2JKczOi

4.

The plane through the intersection of the planes x + y + z = 1 and 2x + 3y – z + 4 = 0 and parallel to y-axis also passes through the point (1)   (–3, 1, 1) (2)   (3, 3, –1)(3)   (–3, 0, –1)(4)   (3, 2, 1)

Answer»

Correct option  (4) (3, 2, 1)

Explanation:

Equation is (x + y + z – 1) + l(2x + 3y – z + 4) = 0

(1 + 2l)x + (1 + 3l)y + (1 – l)z + 4l – 1 = 

 As it is parallel to y-axis.

5.

Explain any four types of vouchers used for entry in Tally software with the help of examples.

Answer»

Types of vouchers (any three): 

(i) Contra voucher: Used for fund transfer between cash and Bank A/c only. This voucher is used if cash is withdrawn from Bank for office or deposited in the Bank from office. 

(ii) Receipt Voucher: All the inflow of money is recorded through receipt voucher. Such receipts may be towards any income such as receipts from Debtors, loan/advance taken or refund of loan/advance etc. 

(iii) Payment Voucher: All outflow of money is recorded through payment voucher such payments may be towards any purchases, Expenses, due to creditors, loan/advance etc. 

(iv) Journal Voucher: It is an adjustment voucher, normally used for non-cash transactions like adjustment between ledgers.

6.

What do you mean by memorandum of association?

Answer»

The Memorandum of Association or MOA is the legal document that has to be filed with the registrar of companies at the time of incorporation of the company. It is often called as a memorandum and is comprised of fundamental conditions on the basis of which a company operates.

The memorandum of association is the most important document that needs to be formulated with utmost care. It is the document that governs the relationship between the company and the outside. Memorandum of Association serves as the constitution of the company that defines all the rules and regulations that must be complied by every company. It is mandatory for every company that wants to get registered as a private/public limited to prepare the memorandum of association.

Once the document is prepared the company cannot perform anything beyond the limit as mentioned in the memorandum of association. Thus, this is considered as a supreme document and comprises of following important clauses:

1. Name Clause: The name of the company that must end with the term “limited”. Also, it must be ensured that the name selected for the company should not resemble with the name of any existing company. Registered 

2. Office Clause: This clause requires to mention the registered office address of the company. 

3. Objective Clause: The objective clause requires to mention clearly the objective behind the incorporation of the company, i.e. the purpose for which the company is being established. 

4. Liability Clause: This clause requires to mention the extent to which the shareholders are liable to pay off the debt obligations in the event of the dissolution of the company. 

5. Capital Clause: Company’s authorized capital along with the nominal value of all kinds of shares need to be disclosed here. Also, the company is required to state the list of its assets over here. 

6. Association Clause: As per this clause, the willingness of shareholders is required with respect to their association with the company. For a public limited company minimum, seven members are required to sign the memorandum, whereas in a case of a private limited company minimum two members are required to do the same.

7.

Organizations are divided into departments because of

Answer»

A functional organization is the most common type of organizational structure. This is where the organization is divided into smaller groups based on its special functions such as IT, finance or marketing. This departmentalization allows greater operational efficiency because the employees have their skills and knowledge to be shared within the group. The basis of this functional organization structure is an arrangement where a worker has different managers for different areas of the organization operation. Since this type of structure has many departments, it could also have several reporting structures as well.

8.

Briefly explain the limitations of super markets.

Answer»

Limitations:

  • No credit: Super markets sell their products on cash basis only. No credit facilities are made available to the buyers. This restricts the purchasing power of buyers from such markets.
  • No personal attention: Super markets work on the principle of self-service. The customers, therefore, don’t get any personal attention. As a result, such commodities that require personal attention by sales people cannot be handled effectively in super markets.
  • Mishandling of goods: Some customers handle the goods kept in the shelf carelessly. This may raise costs in super markets.
  • High overhead expenses: Super market incurs high overhead expenses. As a result these have not been able to create low price appeal among the customers.
  • Huge capital requirement: Establishing and running a super market requires huge investment. The turnover of a store should be high so that the overheads are kept under reasonable level. This can be possible in bigger towns but not in small towns.
9.

Explain briefly the common incentives offered to attract small industries in rural areas by the government.

Answer»

The contribution of small scale industries is remarkable. Thus, government has provided the following institutional support to solve the problem of finance and marketing in the small scale sector: 

1. National Bank for Agriculture and Rural development (NABARD): NABARD was setup in 1982, to promote integrated rural development. Apart from agriculture, it supports small industries, cottage and village industries, and rural artisans. It provides credit and offers counselling and consultancy services and organizes training and development programmes for rural entrepreneurs. 

2. The Rural Small Business Development Centre (RSDC): It was set up by the world association for small and medium enterprises and sponsored by NABARD. It works for the benefit of socially and economically disadvantaged individuals and groups. It aims at providing management and technical support to current and prospective micro and small entrepreneurs in rural areas.

3. National Small Industries Corporation (NSIC): This was setup in 1955 with a view to promote aid and foster the growth of small business units in the country. Functions of NSIC include:

  • Supply of machines on easy hire-purchase terms. 
  • Procure, supply and distribute raw materials. 
  • Export the products of small business units and develop export-worthiness. 
  • Mentoring and advisory services. 
  • Serve as technology business incubators. 
  • Creating awareness on technological up gradation. 
  • Developing software technology parks and technology transfer centres. 

4. Small Industries Development Bank of India (SIDBI): SIDBI was set up as an apex bank to provide direct / indirect financial assistance under different schemes, to meet credit needs of small business organizations and to coordinate the functions of other institutions in similar activities. 

10.

What is meant by ‘Primary Key’?

Answer»

Primary key is a key in the relational database that is unique for each record. It consists of minimum possible one or more than one attributes of a table such as telephone number with area code.

11.

Explain ‘Null Values’ and ‘Complex Attributes’.

Answer»

Null Values:  Absence of data item is represented by a special value called null value. There are three situations which may require the use of null value.

  • When particular attribute does not apply to an entity. 
  • Value of an attribute is unknown although it exist. 
  •  Unknown because it does not exist.

Complex Attributes :  These are composite and multivalue attributes which may be nested (or grouped) to constitute complex ones. The parenthesis { } are used for showing grouping of components of composite attributes. The braces { } are used for showing the multivalue attributes.

12.

Briefly explain the common incentives offered to attract small industries in rural areas by the government.

Answer»

Some of the common incentives provided by the Government for industries in backward and hills areas are as follows:

  • Land: Every state offers developed plots for setting up of industries. The terms and conditions may Some states don’t charge rent in the initial years, while some allow payment in installments.
  • Power: It is supplied at a concessional rate of 50%, while some states exempt such units from payment in the initial years.
  • Water: It is supplied on no-profit, no-loss basis or with 50% concession or exemption from water charges for a period of 5 years. Sales Tax: In all union territories, industries are exempted from sales tax, while some states extend exemption for 5 years period.
  • Octroi: Most states have abolished octroi.
  • Raw materials: Units located in backward areas get preferential treatment in the matter of allotment of scarce raw materials like cement, iron and steel, etc.
  • Finance: Subsidy of 10-15% is given for building capital assets. Loans are also offered at concessional rates. 
  • Industrial estates: Some states encourage setting up of industrial estates in backward areas. 
  • Tax holiday: Exemption from paying taxes for 5 or 10 years is given to industries established in backward, hilly and tribal areas. 
13.

A prospectus is issued by (a) A private company. (b) A public company seeking investment from public. (c) A public enterprises. (d) A public company.

Answer»

(d) A public company. 

14.

A1 : E2 in Excel refers to:(a) Column on Excel sheet(b) Row on Excel sheet(c) Column between start and end points of Excel sheet(d) Alphabets between A to E on Excel sheet.

Answer»

(c) Column between start and end points of Excel sheet.

15.

Name the data element in accounting transaction.

Answer»

A data element is the smallest named unit of data in the information system. In accounting, a transaction consists of four data elements, such as name of the account, accounting code, date of transaction and amount.

16.

Computerised Accounting system takes (i) _____ as inputs which are processed through (ii) ____ to generate reports.

Answer»

Computerised Accounting system takes (i) Accounting transactions as inputs which are processed through (ii) Accounting software to generate reports.

17.

Mention any one type of pollution.

Answer»

Water pollution.

18.

Explain any four types of debentures.

Answer»

1. Secured and Unsecured: Secured debentures are such which create a charge on the assets of the company, thereby mortgaging the assets of the company, in the assets of the company.

2. Registered and Bearer: Registered debentures are those which are duly recorded in the register of debenture holders maintained by the company. These can be transferred only through a regular instrument of transfer. In contrast, the debentures which are transferable by mere deliver are called bearer debentures.

3. Convertible and non-convertible: Convertible debentures are those debentures that can be converted into equity shares after the expiry of a specified period. On the other hand, nonconvertible debentures are those such cannot be converted into equity shares.

4. First and second: Debentures that are repaid before other debentures are could are known as first debentures. The second debentures are those which are paid after the first debenture have been paid back

19.

Explain briefly any four clauses of Memorandum of Association. 

Answer»

1. Name Clause: It contains the name by which the company will be established. The approval of the proposed name is taken in advance from the Registrar of the companies.

2. Objects Clause: It contains detailed description of the objects and rights of the company, for which it is being established. A company can undertake only those activities which are mentioned in the objects clause of its memorandum.

3. Capital Clause: It contains the proposed authorized capital of the company. It gives the classification of the authorized capital into various types of shares, (like equity and preference shares) with their numbers and nominal value. A company is not allowed to raise more capital than the amount mentioned as its authorized capital. However, the company is permitted to alter this clause as per the guidelines prescribed by the Companies Act.

4. Liability Clause: It contains financial limit up to which the shareholders are liable to pay off to the outsiders on the event of the company being dissolved or closed down.

20.

What is e-commerce?

Answer»

Conducting the business activities with the help of internet is called e-commerce.

21.

Explain briefly any four clauses of Memorandum of Association.

Answer»

1. Name Clause: It contains the name by which the company will be established. The approval of the proposed name is taken in advance from the Registrar of the companies.

2. Objects Clause: It contains detailed description of the objects and rights of the company, for which it is being established. A company can undertake only those activities which are mentioned in the objects clause of its memorandum. 

3. Capital Clause: It contains the proposed authorised capital of the company. It gives the classification of the authorised capital into various types of shares, (like equity and preference shares) with their numbers and nominal value. A company is not allowed to raise more capital than the amount mentioned as its authorised capital. However, the company is permitted to alter this clause as per the guidelines prescribed by the Companies Act.

4. Liability Clause: It contains financial limit up to which the shareholders are liable to pay off to the outsiders on the event of the company being dissolved or closed down.

22.

What is Micro environment?

Answer»

Micro environment refers to the strength of are external yet do affect the marketing strategy of a company these peculiarities include the suppliers and the mode of supply, competitors, consumers and the public etc. Generally, these factors are uncontrollable but as compared to the macro factors, these micro, ones is more effective.

23.

Which of the following is not factory overhead :-(A) Factory insurance (B) Depreciation on Plant(C) Drawing office salary (D) salary

Answer»

Salary is not factory overhead. 

24.

Which of the following is not a types of bank? (a) Commercial Bank (b) Co-operative Bank (c) Central Bank (d) Savings Bank

Answer»

(d) Savings Bank.

25.

Give an example for departmental undertakings.

Answer»

Indian Railways. 

26.

The function of decision-making is of :-(A) Lower management (B) Middle management(C) Top management (D) All level of management

Answer»

The function of decision-making is of Lower management, Middle management and Top management. 

27.

Function of insurance

Answer»

1. Provides Reliability:
The main function of insurance is that eliminates the uncertainty of an unexpected and sudden financial loss. This is one of the biggest worries of a business. Instead of this uncertainty, it provides the certainty of regular payment i.e. the premium to be paid.

2. Protection:
Insurance does not reduce the risk of loss or damage that a company may suffer. But it provides a protection against such loss that a company may suffer. So at least the organisation does not suffer financial losses that debilitate their daily functioning.

3. Pooling of Risk:
In insurance, all the policyholders pool their risks together. They all pay their premiums and if one of them suffers financial losses, then the payout comes from this fund. So the risk is shared between all of them.

4. Legal Requirements:
In a lot of cases getting some form of insurance is actually required by the law of the land. Like for example when goods are in freight, or when you open a public space getting fire insurance may be a mandatory requirement. So an insurance company will help us fulfil these requirements.

5. Capital Formation:
The pooled premiums of the policyholders help create a capital for the insurance company. This capital can then be invested in productive purposes that generate income for the company.

28.

Rajkumar, a salesman is appreciated for his work and success. He raises questions in the beginning of conversation with interesting facts. Explain the method of approach used by him.

Answer»

Rajkumar is using question approach. 

Question approach is better to raise question right in the beginning of the conversation with a question. The question can be asked by stating an interesting fact in the form of a question. It attracts the prospect’s attention, motivates a reply and starts two-way communication. Use of question approach can be more result oriented employed with other approaches like benefit or curiosity. To take full advantage of this approach, the question asked needed to be specific and created to the prospect’s taste. These questions must be created around the buying motives.

29.

Why is Rajkumar Shukla described as being ‘resolute’?

Answer»

He had come all the way from Champaran district in the foothills of Himalayas to Lucknow to speak to Gandhi. Shukla accompanied Gandhi everywhere. Shukla followed him to the ashram near Ahmedabad. For weeks he never left Gandhi’s side till Gandhi asked him to meet at Calcutta.

30.

What is a sedimentary deposit?(a) Weathered product remains at site(b) Weathered product carried away in solution(c) Weathered product gets carried away agents(d) Insoluble weathered product is carried away in suspension

Answer» Correct option is (d) Insoluble weathered product is carried away in suspension

To elaborate: Weathered product remains at site is called residual deposit. Weathered product carried away in solution is chemical deposit and Weathered product gets carried away agents is organic deposit.
31.

Which factor disturbs the equilibrium of rocks, commencing metamorphism?(a) Increase in temperature(b) Decrease in temperature and pressure(c) Increase in temperature and pressure(d) Decrease in pressure

Answer» Right choice is (c) Increase in temperature and pressure

Explanation: Rocks are stable at a temperature below 200°C and at the pressure existing. Any increase in above two factors can initiate the process of metamorphism. One factor alone is not sufficient to start metamorphism.
32.

Which of the following is not a metamorphic change?(a) Calcite to schist(b) Limestone to marble(c) Shale to slate(d) Granite to gneisses

Answer» Correct option is (a) Calcite to schist

Explanation: Calcite is a carbonate mineral whereas schist is a metamorphic rock formed by metamorphosis of mudstone/shale to the higher degree than slate.
33.

As the owner of a business unit, what risks do you face in running it?

Answer»

The risk faced by owner while running a business unit are : 

1. Market information risk 

2. Consumer taste and preferences risk 

3. Government policy risk 

4. Capital risk 

5. Operational risk.

34.

NABARD is responsible for regulating and supervising the functions ofA. Investment and Industrial Finance BanksB. Cooperative Banks and Regional Rural BanksC. Corporate Finance and Overseas Banking UnitsD. Private Sector and Multinational Banks

Answer» Correct Answer - B
35.

Which of the following bank is generally not considered as Commercial bank?A. Public Sector BankB. Private Sector BankC. Development BankD. Foreign Bank

Answer» Correct Answer - C
36.

Which of the following is not classified as a commercial bank?A. Public Sector BankB. Foreign BankC. Private sector bankD. Urban cooperative bank

Answer» Correct Answer - D
37.

A nationalised bank is also called by which of the following namesA. Private Sector BankB. Self Help GroupC. Coorperative BankD. Public Sector Bank

Answer» Correct Answer - D
38.

Which of the following is a Development Bank?A. HDFC BankB. National Housing BankC. Central Bank of IndiaD. Saraswat Co. Op. Bank

Answer» Correct Answer - A
39.

Which of the following is a private Bank functioning in India?A. Axis BankB. Bank of BarodaC. Dena BankD. Punjab National Bank

Answer» Correct Answer - A
40.

Where is the Head-quarter of Indian Bank?A. ChennaiB. MumbaiC. DelhiD. Bengaluru

Answer» Correct Answer - A
41.

Which of the following is NOT a Private Bank in India?A. Yes BankB. HDFC BankC. Axis BankD. IDBI Bank

Answer» Correct Answer - D
42.

India has different categories of Commercial banks. Which of the following is not one such category?A. Private BanksB. Commodity BanksC. National BanksD. Co-operative Banks

Answer» Correct Answer - B
43.

India got its first private bank in 11 years as the Bandhan Bank commenced operations on 23 Aug with 501 branches. What is the punch line of the bank ?A. Apna Bhala, Aapki BhalaiB. Aapka Bhala, Sabki BhalaiC. Banking the UnbankedD. Khayal Aapka

Answer» Correct Answer - B
44.

Which of the following organisations/agencies has specifically been set up to boost overall rural development in India?A. RBIB. SIDBIC. NABARDD. SEBI

Answer» Correct Answer - C
45.

Where is the headquarters of Central bank of India located?A. New DelhiB. MumbaiC. PuneD. Bangalore

Answer» Correct Answer - B
46.

Which of the following banks in India has maximum number of branches and ATMs in India?A. IDBI BankB. Bank of IndiaC. Punjab National BankD. State Bank of India

Answer» Correct Answer - D
47.

The first-ever niche banking license award process will start soon as the external advisory committee headed by ____has given its report to the RBI in his regard.A. Bimal JalanB. Nachiket MorC. R GandhiD. Urjit Patel

Answer» Correct Answer - B
48.

Which of the following is the Central Bank of our country?A. State Bank of IndiaB. Central Bank of IndiaC. National Bank for Agriculture and Rural DevelopmentD. Reserve Bank of India

Answer» Correct Answer - D
49.

To improve access of the poor to banking, RBI has advised banks to open branches with minimum infrastructure supporting up to 8 to 10 Business Correspondents (BC) at a reasonable distance of 3-4 km. Such branches are known asA. Nodal branchesB. Micro branchesC. Mini branchesD. Ultra small branches

Answer» Correct Answer - D
50.

Among the banks in our country, which of the following is not a foreign bank?A. HSBCB. Standard Chartered BankC. BNP ParibasD. Ing Vysya Bank

Answer» Correct Answer - D