Explore topic-wise InterviewSolutions in Current Affairs.

Correct option is C)must

Correct option is C) I am going to apply for that job.

1. Ownership by one man: This is owned by single person. The sole trader contributes the required capital. He is not only the owner of the business but also manages the entire affairs. 

2. Freedom of work and Quick Decisions: Since an individual is himself as a owner, he need not consult anybody else. Hence he can take quick decisions.

3. Unlimited Liability: When his business assets are not sufficient to pay off the business debts he has to pay from his personal property. 

4. Enjoying Entire Profit: He strives tirelessly for the improvement and expansion of his business and enjoys all the benefits of his hard work.

5. Absence of Government Regulation: A sole proprietor concern is free from Government regulations. No legal formalities are to be observed in its formation, management or in its closure. 

6. No Separate Entity: The sole trading concern comes to an end with death, disability, insanity and insolvency of the individual. 

7. Maintenance of Secrecy: Since he/she manages all the affairs of the business, the secrecy can be maintained easily.

Correct option is quarrel

Correct option is quit

1. Easy Formation: No legal formalities are required to initiate a sole trading concern. Any person capable of entering into a contract can start it, provided he has the necessary resources for it.

2. Incentive to Work hard: There is a direct relationship between effort and reward. The fact that the entire profit can be taken by himself without sharing with anybody else induces him to work ceaselessly.

3. Small Capital: Small capital is an important as well as specific advantage of sole proprietorship. Sole proprietor can start business with small capital.

4. Credit Standing: Since his private properties are held liable for satisfying business debts, he can get more financial assistance from others. 

5. Personal Contact with the Customers: Since sole proprietor knows each and every customer individually he can supply goods according to their taste and preferences. Thus he can cultivate personal relationship with the customers.

6. Flexibility: The sole trader can easily adjust himself to the changing requirements of his business.

1. Large Size: A department is a large scale retail showroom requiring a large capital investment by forming a joint stock company managed by a board of directors. 

2. Wide Choice: It acts as a universal provider of a wide range of products from low priced to very expensive goods (Pin to Car) to satisfy all the expected human needs under one roof. 

3. Departmentally organized: Goods offered for sale are classified into various departments. 

4. Facilities provided: It provides a number of facilities and services to the customers such as restaurant, rest rooms, recreation, packing, free home delivery, parking, etc.

5. Centralised purchasing: All the purchases are made centrally and directly from the manufacturers and operate separate warehouses whereas sales are decentralised in different departments.

Capital account consists of three components:

1. Private Capital 

2. Banking Capital 

3. Official Capital

1. Private Capital: Private capital consists of foreign investments, long term loan and foreign currency deposits. 

2. Banking Capital: Banking capital includes movement into external financial asset and liabilities commercial and cooperative banks authorized to dealing in foreign exchange.

3. Official Capital: It includes RBI’s holdings of foreign currency and special drawing rights (SDR) held by the Government.

Entrepot is necessary because of the following reasons: 

1. The country may not have any accessible trade routes connecting the importing country. 

2. The goods imported may require further processing or finishing before exporting, and these facilities may be lacking in the exporting or importing country. 

3. There may not have any bilateral trade agreement between both the countries.

Correct option is quote

The name of the loan is ‘hypothecation’. In this type of loan, the customer has to deposit the document of title to the property with the banker. But the physical possession of the property is with the borrower. If the loan is not paid, the lender will sell the property and can receive the loan amount.

1. Geographical Specialization: Countries across the world differ significantly in terms of natural resources, capital equipment, manpower, technology and land and so on. 

2. Optimum use of Natural Resources: International business operates on a simple principle that a country which can produce more efficiently and trade the surplus production with other countries has to procure what it cannot produce more efficiently. 

3. Economic Development: International business helps the developing countries greatly in achieving rapid economic development by importing machinery, equipment, technology, talent, and so on. 

4. Generation of Employment: International business generates employment opportunities by assisting the expansion and growth of agricultural and industrial activities.

5. Higher Standard of Living: On account of international business, the citizens of the country can buy more varieties of goods and services which cannot be produced cost effectively within the home country. 

6. Price Equilisation: International business helps to stabilize the prices of various commodities which are fluctuating on a daily basis in the world market. 

7. Prospects for Higher Profit: International business helps the firms which produce goods in excess to sell them at relatively higher price to various countries in the international market. 

8. Capacity Utilisation: International business enables the firms across the country to sell their goods and services on a large scale in the international market.

9. International Peace: International business makes countries across the world become inter-dependent while these countries are independent in their functioning.

Debentures are an important instrument for raising long term debt capital. A company can raise funds through issue of debentures which bear a fixed rate of interest.

The head office of the RBI is situated in Mumbai. This central office has 33 departments in 2017. It has four zonal offices in Mumbai, Delhi, Calcutta and Chennai functioning under local boards with deputy governors as their heads. It also has 19 regional offices and 11 sub – offices (2017).

The RBI is governed by a central board of directors. The 21 member board is appointed by the Qovemment of India. 

It consists of:

1. One Governor and four deputy governors appointed for a period of four years. 

2. Ten Directors from various fields. 

3. Two Government officials. 

4. Four Directors – one each from local boards.

Correct option is quiz

Real Time Gross Settlement Systems (RTGS) was launched by the RBI in 2013. The transactions are settled on real time basis. Gross settlement means the transaction is settled between one bank and another bank without adding any other transactions.

Companies are established by a Special Act passed in Parliament or State Assembly. Rules relating to day – to – day management of statutory companies are specified in the Articles of Association (AOA). Examples: LIC, RBI, Railways, etc.

RBI is acting as a banker to the government. It is one of the traditional functions of RBI. It accepts money into central and state government’s accounts and make payments on their behalf. It manages the governments debts. It advises the government and the terms of new loans.

The head office of the RBI is situated in Mumbai. This central office has 33 departments in 2017. It has four zonal offices in Mumbai, Delhi, Calcutta and Chennai functioning under local boards with deputy governors as their heads. It also has 19 regional offices and 11 sub-offices (2017).

The RBI is governed by a central board of directors. The 21 member board is appointed by the Government of India.

It consists of:

1. One Governor and four deputy governors appointed for a period of four years, 

2. Ten Directors from various fields 

3. Two Government officials 

4. Four Directors – one each from local boards.

Correct option is quite

1. Large Capital: A company can secure large capital compared to a sole trader or partnership. Large amount of capital is necessary for conducting business on a large scale.

2. Limited Liability: The liability of a shareholder is limited. The risk of loss is limited to the unpaid amount on the face value of shares held. In the case of a company limited by shares, the liability of a shareholder is restricted to the unpaid amount on the shares held by him.

1. CGST 

2. SGST 

3. UGST 

4. IGST

Advantages of international trade:

1. Optimum use of natural resources: International trade operates on a simple principle that a country can produce more efficiently and trade the surplus production. 

2. Economic development: International trade helps the developing countries in achieving rapid economic development by importing machinery, technology and talent. 

3. Generation of employment: International business generates employment opportunities by assisting the expansion and growth of agricultural and industrial activities.

Crop insurance is taken for safeguarding the agriculture. This policy is to provide financial support to farmers in case of a crop failure due to drought or flood. It generally covers all risks of loss or damages relating to production of rice, wheat, millets, oil seeds and pulses.

Correct option is quick

1. Danger for Domestic Industries: MNCs, because of their vast economic power, pose a danger to domestic industries; which are still in the process of development. Domestic industries cannot face challenges posed by MNCs. 

2. Transfer of Outdated Technology: Where MNCs transfer outdated technology to host nation, it serves no purpose. 

3. No Benefit to Poor People: MNCs produce only those things, which are used by the rich. Therefore, poor people of host countries do not get, generally, any benefit, out of MNCs. 

4. Danger to Independence: Initially MNCs help the Government of the host country, in a number of ways; and then gradually start interfering in the political affairs of the host country.

5. Deprivation of Job Opportunity of Local People: MNCs may not generate job opportunities to the people of home country.

1. Low Cost Labour: MNC set up their facilities in low cost countries and produce goods/services at lower cost.

2. Quality Products: The resource, experience and expertise of MNCs in the sphere of research and development enables the host country to establish its research and development system which helps it in producing quality goods and services at least possible cost.

1. Low Cost Labour: MNC set up their facilities in low cost countries and produce goods/services at lower cost.

2. Quality Products: The resource, experience and expertise of MNCs in the sphere of research and development enables the host country to establish its research and development . system which helps it in producing quality goods and services at least possible cost.

1. Low Cost Labour: MNC set up their facilities in low cost countries and produce goods/services at lower cost.

2. Quality Products: The resource, experience and expertise of MNCs in the sphere of research and development enables the host country to establish its research and development system which helps it in producing quality goods and services at least possible cost.

Correct option is queue

Beautiful patterns are formed in a Kaleidoscope because of multiple reflections

A multinational company is one which is incorporated in one country, but it may be operated in many countries. 

Examples: Coca – Cola,

International Business Machine (IBM), Sony Corporation and Microsoft Corporation.

Correct option is quarter

The term ‘middlemen’ refers to all those who are in the link between the primary producer and the ultimate consumer in the exchange of goods or service.

c) Dispersion

Correct option is queen

Visually challenged person can read and write using the Braille system.

Correct answer is c) Amravati 

(b) Total income

Correct option is C) to spend

Lack of vitamin A in foodstuff is responsible for many eye troubles.

1. I like (finite) to play (non-finite) with my puppy. 

2. She works (finite) hard to pass (non-finite) the

3. Smoking (non-finite) is prohibited (finite) in the kitchen. 

4. He went (finite) to the city to find (non-finite) work. 

5. The boy saved (finite) the cat from the dogs. 

6. The teacher asked (finite) the students to submit (non-finite) their assignments before they go (finite) home.

Correct option is quantity

(a) Hyderabad

C) What kind of knowledge does he have?

Correct option is A) difficult

1. Singing (non-finite – gerund) is (finite verb) his pastime. 

2. I like (finite verb) to read (non-finite). 

3. It is (finite verb) easy to find (non-finite – infinitive) faults with others.

4. He went (finite verb) to work (non-finite – infinitive) in London. 

5. She doesn’t like (finite verb) to do (non-finite – infinitive) anything. 

6. I enjoy (finite verb) reading.

Correct option is quake

(c) Limited liability

Correct option is: (A) Through delegation