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.

Name any two commodity boards.

Answer»

1. Coffee Board. 

2. Tea Board.

2.

For economic progress of Underdeveloped countries like India, industrialization occupied important place. Only through Industrial development by increasing the rate of production and employment the rate of growth of Indian economy can be increased. Prior to independence, industrial development was very low in India, but after independence, government laid great emphasis on the industrial development of the country. As a result of it, many new industries were established in the country and production capacity and the efficiency of the existing industries were also enchanced. Under the five year plans, the industries development has also been given much importance.(a) State the importance of Industrial development(b) How Industries helps in the Balanced growth of an economy?

Answer»

(a) 

  1. Employment: Through industrialisation, new industries are established. As a result of it, the millions of unemployed persons get work in these industries and it solve the unemployment problem of the country.
  2. Self Dependence: Industrial development makes provision for the production of essential goods in the country. As a result there will be less dependence on other countries and our country will become self-sufficient in the production of large number of goods.
  3. Increase in National Income: In India, industrialization will bring better and proper utilisation of natural resources. It will increase total production, employment national income and per capita income of the country.
  4. Essential for National Defence: Through industrialization many industries like Iron, steel, aeroplane, defense, production etc. can be established which are very important for the security of the country, because these industries manufacture large quantity of war material.
  5. Production of Socially Useful Goods: Through industrialization, the production of essential goods like cloth, cycles, goods, paper, oil etc. has become possible.
(b) Indian Economy is an unbalanced economy because the bulk of working population and. capital of the country is engaged in agriculture. There is uncertainty in agriculture. Industrialisation will make the economy a balanced one and it will reduce the dependence on agriculture.
3.

The role of large scale industries is very important for the economic development of India. The major share of fixed capital investment in industries has been invested in big Industries. A large portion of the total industrial production is received from these industries.(а) Classified the large scale industries.(b) State the importance of large scale industries in the Industrialisation of a country.

Answer»

(а) 

  1. Basic Industries: Basic industries are those industries which provide necessary inputs to agriculture and industries. The examples are steel, Iron, Good Chemical Fertilizers Aluminium and Electricity.
  2. Capital Goods Industries. Capital Goods Industries are those industries which produce machinery and instruments for agriculture and industries. These include machines, mechanical instruments, tractors truck etc.
  3. Intermediate Goods Industries. Intermediate goods industries are those industries which produce those goods which are used for the production of other goods. Examples of there are tyres, mobile oil etc.
  4. Consumer Goods Industries. Consumer goods industries are those industries which produce consumer goods. These include sugar, cloth, paper industries etc.
(b) 
  1. Production of Capitalistic and Basic goods: For the industrialization of a country, capital goods like machines, instruments and basic goods like steel, Iron, chemicals are of great importance. The production of these capital and basic goods is possible only by large scale industries. ,
  2. Economic Infrastructure: Economic infrastructure like means of transport, electricity, communication facilities etc. are very much required for industrialization. Only big industries can produce mean of transport like railways engines and wagons, trucks, motors, planes, etc.
  3. Research and High Technique: For the industrialization of any country, research and high techniques are of very much important. A lot al money are able researches are required for this purpose. Only large scale industries can arrange required money for research and able researcher.
  4. Increase in Productivity: Because of large investment in big industries, per unit capital is more. Per unit productivity increases a lot. because of it.
4.

Explain briefly any four characteristics of Business.

Answer»

1. An economic activity: Business is considered to be an economic activity because it is undertaken with the object of earning money or livelihood and not because of love, affection, sympathy or any other sentimental reason.

3. Profit earning: One of the main purpose of business is to earn income by way of profit. No business can survive for long without earning profit. That is why businessmen make all possible efforts to maximize profits, by increasing the volume of sales or reducing costs. 

4. Sale or exchange of goods and services: Directly or indirectly, business involves transfer or exchange of goods and services for value. If goods are produced not for the purpose of sale but say for internal consumption, it cannot be called a business activity. 

5.

Name any two commodity Boards established by Government of India.

Answer»

1. Coffee Board. 

2. Rubber Board.

6.

“Cottage industries are those industries which are completely or partially run by the members of a family either as a whole-time business or as a part time business.” Mostly these type of industries are run by the artisans in their homes. Machines are rarely used. Usually these industries fulfil the local requirements. These industries are run by the members of the family. Workers on labour basis are rarely used. They need very less capital. Since these industries are mainly situated in villages, so these are known as “village or rural industries.”(a) State the difference between cottage and small industries.(b) What are the problems of cottage industries?

Answer»

(a) 

  1. Cottage industries are normally set up in villages and they are spread throughout the country, whereas small scale industries are mostly set up in cities.
  2. In cottage industries, only family members work whereas in small scale industries, work is done through hired workers.
  3. Cottage industries normally fulfil the local needs where as small-scale industries produce goods for cities and semi-urban areas. So their production market is very large.
  4. In cottage industries, production is done with the help of simple tools and very less capital is required. Whereas small-scale industries are run with power and more working capital is also required.
  5. In cottage industries, traditional goods like khadi mats and shoes etc. are produced whereas in small scale industries modem goods like Radio, Television, Electrical and Electronics goods etc. are produced.
(b) 
  1. Problem of Raw Material and Power: These industries do not get raw material in sufficient quantity and whatever material they get it is of poor quality and for it they have to play high prices.
  2. Problem of Finance: In India credit is not available to these industries in sufficient quantity. They have to depend on moneylenders for finance who charge very high rate of interest.
  3. Old Method of Production: In there industries mostly old methods of production are used. Old tools like oil press for oil expelling or handlooms for weaving clothes are used. As a result of it the number of production decreases and poor qualities of products are manufactured. Their demand in the market goes down.
  4. Problem of Marketing: The entrepreneurs of the industries face many problems in selling their products at fair price and quantity because the outward look of the product produced by these industries is not good.
7.

Name any two Commodity Boards established by the Government of India.

Answer»

1. Coffee Board. 

2. Rubber Board.

8.

Who are the parties to a Lease Contract?

Answer»

Lessor and Lessee.

9.

Market information means

Answer»

Knowledge of related markets.

10.

State any two features of Itinerant Retailers.

Answer»

1. They are small traders operating with limited resources. 

2. They normally deal in consumer products of daily use such as fruits and vegetables etc.

11.

What is the meaning of Cottage Industries?

Answer»

Cottage industries are those industries which are organised by individual using family labour indigenous technology, etc.

12.

State any two reasons for International Business. 

Answer»

1. To earn higher profit. 

2. To improve business vision.

13.

State any two types of itinerant retailers commonly seen in our country.

Answer»

1. Hawkers and Peddlers. 

2. Market readers.

14.

“What _____ you to do?” “She (the doctor) told me to stay in bed for a few days.” A) will she tell B) did she tell C) is she going to tell D) does she tell

Answer»

Correct option is B) did she tell

15.

The doctor recommended that she _______ in bed for a few days. A) will stay B) stay C) would stay D) to stay

Answer»

Correct option is B) stay

16.

आईपीएल 2019 की विजेता टीम कौन सी है?a.   मुंबई इंडियंसb.   दिल्ली कैपिटल्सc.   हैदराबादd.   राजस्थान रॉयल्स

Answer»

सही विकल्प है a. मुंबई इंडियंस

17.

The bank manager suggested that I ______ again the following year. A) should apply B) applied C) to apply D) would apply

Answer»

Correct option is A) should apply

18.

_______ is still uncertain. A) Why did they lose the match B) He is really guilty C) When will they come D) Who first reported the fire

Answer»

Correct option is D) Who first reported the fire

19.

IPL 2020 के 13वें संस्करण का विजेता कौन बना है?a.   दिल्ली कैपिटल्सb.   राजस्थानc.   मुंबई इंडियनd.   रॉयल चैलेंजर्स बैंगलोर

Answer»

सही विकल्प है c. मुंबई इंडियन

20.

The accused pretended that he _______ the lawyer’s question. A) didn’t understand B) hasn’t understood C) doesn’t understand D) wouldn’t understand

Answer»

Correct option is A) didn’t understand

21.

I have taken out a life insurance to protect my wife and children ____ something should happen to me. A) unless B) otherwise C) in case D) provided

Answer»

Correct option is C) in case

22.

Choose the best alternative to replace the underlined words.She pretended that she couldn’t swim. A) turned out B) made out C) turned up D) made up

Answer»

Correct option is B) made out

23.

The structure in which there is a separation of ownership and management is called (a) Sole proprietorship (b) Partnership (c) Company (d) All business

Answer»

The structure in which there is a separation of ownership and management is called Company

24.

There will be even greater unemployment ____ the government radically alters its policies. A) provided B) unless C) as if D) in case

Answer»

Correct option is B) unless

25.

Choose the best alternative to replace the underlined words.His project has failed to be completed . A) fallen through B) fallen behind C) fallen back D) fallen off

Answer»

Correct option is A) fallen through

26.

Write the name of the form of business organisation found only in India.

Answer»

Hindu Undivided Family

27.

…… is the oldest and popular form of business organisation.

Answer»

Sole proprietorship

28.

Choose the best alternative to replace the underlined words.The meeting ended in disorder. A) broke out B) broke down C) broke up D) broke off

Answer»

Correct option is D) broke off

29.

Name the type of Co. which must have a minimum paid-up capital of 5 lacs.

Answer»

Public Company

30.

How the term pollution derived?

Answer»

The term pollution is derived from Latin word pollution.

31.

What time did you ______ last night? It must have been quite late because when I phoned you at 11:30 your mother said you were still out. A) get away B) get in C) get by D) get down

Answer»

Correct option is B) get in

32.

Choose the best alternative to replace the underlined words.You are never too late to start a new sport. A) set up B) take in C) call up D) take up

Answer»

Correct option is D) take up

33.

The capital of a company is divided into a number of parts each one of which is called ………… (a) Dividend (b) Profit (c) Interest (d) Share

Answer»

The capital of a company is divided into a number of parts each one of which is called Share

34.

I think we’ll have to get ______ more drink for the party. A) off B) over C) on D) in

Answer»

Correct option is D) in

35.

Choose the best alternative to replace the underlined words.My father was raised in a small village. A) called up B) brought up C) taken off D) come out

Answer»

Correct option is B) brought up

36.

What are the types of competition ? Explain it.

Answer»

Competition plays an important role in social life. Competition performs a number of useful functions in society. 

The major types are:

(a) Social Competition: People always compete to get into higher status and position, Competition of this kind is mostly observed in ‘open’ societies. Wherever individual ability, merit, talents and capacities are recognized. 

(b) Economic Competition: The most important and at the same time the most vigorous forms of Competition is the economic Competition. It is witnessed in the processes of production, distribution and consumption of goods

(c) Political Competition: In the modern world Competition for political power is always present. Political parties are always engage in Competition to secure power. Such a Competition becomes apparent especially during elections. 

(d) Cultural competition: Some sociologists have also spoken of cultural competition. It may take place between two or more cultural groups. Human history provides various example of such a Competition.

(e) Racial competition: Competition may also take place between racial groups such as the Blacks and the Whites, Aryans and Dravidians etc.

37.

Name the following in reference to a joint-stock company 1. The smallest unit into which the capital of the company is divided. 2. The Act that governs the joint-stock companies in India. 3. The sum total of the money contributed by the members of a joint-stock company. 4. The official signature of a joint-stock company. 5. The elected representatives of the members who manage the day to day affairs of the joint-stock company

Answer»

1. Share 

2. Companies Act 1956 

3. Share capital 

4. Common seal 

5. Directors

38.

Let’s ______ the subject of nuclear war. It’s beginning to make me feel very depressed. A) get off B) get over C) get through D) get out

Answer»

Correct option is A) get off

39.

Choose the best alternative to replace the underlined words.Let’s postpone the meeting till Friday. A) put off B) call off C) hold off D) carry out

Answer»

Correct option is A) put off

40.

Choose the best alternative to replace the underlined words.His father often criticizes him. A) takes him off B) runs him down C) puts him off D) lets him down

Answer»

Correct option is B) runs him down

41.

Explain the role of family and school in the process of socialization.

Answer»

The family: Family is the first agency of socialization of the child. Physical nearness, close relationship, passiveness of the child, authority of parents over the child etc., all have greater influence in moulding the personality of the child. 

In family, parental influence, particularly of the mother, is very great. From the parents the child learns language. It is taught number of civic virtues. The child gets his first lessons in cooperation, tolerance self-sacrifice, love and affection, etc., in the family.

The earliest and the closet ties of an individual are with his parents and siblings. There have authority over the child. Possessiveness of the child and its emotional attachment with parents and siblings make socialization an easy and smooth process. Cultural heritage is passed from one generation to the other in family.

The School School is also an agent of socialization. Teachers in school play a decisive role in molding child’s personality. Since the family in itself is not fully equipped to prepare the child for adult roles, school has an important role to play. In the school the child gets his education which moulds his ideas and attitudes, school transmits not only required knowledge but also important values such as cooperation, discipline, patriotism, friendship etc. it helps further development of intellectual, emotional and social development. It is a formal agency that socializes the child.

42.

Compare the status of a minor in a Joint Hindu Family Business with that in a partnership.

Answer»

The basis of membership in the HUF business is birth in the family. Hence, minors can also be members of the business. His liability is limited. In a partnership firm, a minor can be admitted to the benefits of a partnership firm with the mutual consent of all other partners. In such cases, his liability will be limited to the extent of the capital contributed by him.

43.

Let’s ______ to work now. A) get on B) get down C) get off D) get up

Answer»

Correct option is A) get on

44.

Copper acts as oxidizing agent. Why?

Answer»

Copper acts as oxidizing agent because it oxidizes hydrogen gas to water.

45.

The role of family and school in the process of socialization

Answer»

The family: Family is the first agency of socialization of the child. Physical nearness, close relationship, passiveness of the child, authority of parents over the child etc., all have greater influence in moulding the personality of the child.  

In family, parental influence, particularly of the mother, is very great. From the parents the child learns language. It is taught number of civic virtues. The child gets his first lessons in cooperation, tolerance self-sacrifice, love and affection, etc., in the family. 

The earliest and the closet ties of an individual are with his parents and siblings. There have authority over the child. Possessiveness of the child and its emotional attachment with parents and siblings make socialization an easy and smooth process. Cultural heritage is passed from one generation to the other in family. 

The School School is also an agent of socialization. Teachers in school play a decisive role in molding child’s personality. Since the family in itself is not fully equipped to prepare the child for adult roles, school has an important role to play. In the school the child gets his education which moulds his ideas and attitudes, school transmits not only required knowledge but also important values such as cooperation, discipline, patriotism, friendship etc. it helps further development of intellectual, emotional and social development. It is a formal agency that socializes the child.

46.

The Head of the joint Hindu family business is called(a) Proprietor (b) Director (c) Karta (d) Manager

Answer»

The Head of the joint Hindu family business is called Karta.

47.

This town reminds me _____ the place where I was born. A) about B) of C) for D) from

Answer»

Correct option is B) of

48.

I must ______. I’ll call you again at the same time tomorrow. A) break off B) ring off C) answer back D) hang about

Answer»

Correct option is B) ring off

49.

how do you know that Akbar held are religion on equal footing

Answer»

Emperor Akbar even went great lengths to bring all the religions together. He held discussions with the scholars from all religions such as Hinduism, Islam and Christianity because his sole agenda was to establish religious unity in the nation.

50.

He ________ me of someone I knew at school. A) memories B) refers C) regards D) remembers E) reminds

Answer»

Correct option is E) reminds