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.

What is the full form of NBFC:a) Non -Banking Finance Companies b) Non -Banking Financial Corporation c) National Banking Financial Corporation d) None of these

Answer»

Full form of NBFC is  Non -Banking Finance Companies

2.

WX ltd. is in the process of innovating a new pen drive especially for teachers which will have a built-in antivirus and which can be worn like a watch so it minimises the problem of losing the pen drive. Which of the given statements aptly describes the situation? a. This is trend spotting b. This is product identification c. This is problem solving d. This is problem solving by introducing an innovative product.

Answer»

b. This is product identification

3.

The main design feature of pregelled disposable electrodes which helps to reduce the possibility of artefacts, drift and baseline wandering is _____________(a) low absorbency buffer layer with isotonic electrolyte(b) high absorbency buffer layer with isotonic electrolyte(c) high absorbency buffer layer without  isotonic electrolyte(d) low absorbency buffer layer without isotonic electrolyte

Answer» Right option is (b) high absorbency buffer layer with isotonic electrolyte

The explanation is: The main design feature of pregelled disposable electrode that helps in reducing the possibility of artefacts, drift and baseline wandering is the provision of high absorbency buffer layers with isotonic electrolyte. This layer absorbs the effects of movement of the electrode in relationship to the skin and attempts to maintain the polarization associated with the half-cell potential constant.
4.

M/S. Ramlal & Sons started manufacturing oximeters which has a great demand in this time of Covid 19’for domestic use and otherwise also it is an equipment in demand by the medical professionals. While fixing the selling price for the same Ramlal wants to adopt a method where he can just cover the cost and earn a nominal amount of profit. His sons advised him to fix the price initially at a higher rate and then reduce the price when the demand has reduced. According to them this method would help them earn a good profit. He hired an agent, Satish, who advised him to initially keep the prices low to attract the market and then he can slowly and gradually increase the price. In the given context answer the following questions; a. Identify and explain the method that Ramlal is planning to adopt. b. Explain the method of pricing suggested by Ramlal’s sons and his agent respectively?

Answer»

a. Cost plus pricing 

The most common technique is cost-plus pricing, where the manufacturer charges a price to cover the cost of producing a product plus a reasonable profit. Cost-plus pricing is typically based on a manufacturing estimate. Estimates of the costs associated with manufacturing tasks are made for many reasons. In principle, estimates are made of the resources required (For example, materials, labour and equipment), the cost of those resources and the time for which they will be used. From these factors, an estimate of the costs of carrying out a manufacturing process is made. 

b. Price skimming, penetration pricing 

Skimming is usually employed to reimburse the cost of investment of the original research into the product commonly used in electronic markets when a new range, such as smartphones, are firstly dispatched into the market at a high price. This can be attributed to their need for the product outweighing their need for economics, a greater understanding of the product's value, or simply having a higher disposable income. This strategy is employed only for a limited duration to recover most of the investment made to build the product. 

Penetration pricing is a pricing strategy where the price of a product is initially set at a price lower than the eventual market price to attract new customers. The strategy works on the expectations that customers will switch to the new brand because of the lower price. Penetration pricing is most commonly associated with a marketing objective of increasing market share or sales volume, rather than to make profit in the short term. The price will be raised later once this market share is gained.

5.

Explain any six characteristics of company

Answer»

Characteristics of a Company: 

(1) Voluntary association: A single person cannot constitute a company. At least two persons, voluntarily, must join hands to form a private company, while a minimum of seven persons are required for a public company. 

(2) Artificial person: A company is created by law. Though it has no body, no conscience still it exists as a person, having a distinct personality of its own. 

(3) Separate legal entity: A company has an independent status, different from its members. 

(4) Common seal: Being an artificial person, a company cannot sign the documents. Hence, it uses a common seal on which its name is engraved. 

(5) Limited liability: The liability of the shareholders of a company is normally limited to the number of shares held or guarantee given by them. 

(6) Transferability of shares: No shareholder is forever wedded to the company. Subject to certain conditions, the shares are freely transferable. The private companies do impose some restrictions on the transfer of shares. 

(7) Diffusion of ownership and management: In this form of organisation, entrepreneur should clearly understand there exists separation of ownership from management. 

(8) Number of members: In case of a private company: – Minimum members required are: Two Maximum members: Fifty (excluding employees) And for a public company:– Minimum requirement is : Seven Maximum number : No Limit 

(9) Limitation of action:

 The scope of this artificial person is determined by: 

(a) The Indian Companies Act 

(b) Memorandum of Association 

(c) Articles of Association 

(10) Winding up: The mode of incorporation and termination (winding up) is both as per the Companies Act only. It's born out of law and can be liquidated only by law

6.

Local Area Banks were established on:a) 24.08.1996 b) 24.09.1995 c) 24.07.1992 d) None of these

Answer»

Local Area Banks were established on 24.08.1996

7.

Nonika Ltd. manufactures two types of calculators, Basic Model and Scientific Calculators. The total fixed cost of entire operations is Rs. 1,40,000.Basic Calculator (Per pcs)Scientific Calculator (per pcs)Selling price per box (in Rs.)370575Variable cost per box(in Rs.)120175Sales Mix %7030The weighted average contribution will be ......... a. Rs. 650 b. Rs. 455 c. Rs. 195 d. Rs. 560

Answer»

Answer is a. Rs. 650

8.

Local Area Banks were registered as public limited companies under which act:a) Companies Act, 1956 b) SEBI Act, 1885 c) Limited Liability Partnership Act d) None of these 

Answer»

Local Area Banks were registered as public limited companies under which act Companies Act, 1956

9.

HDFC erdo is which type of company?

Answer»

HDFC erdo is General Insurance Company .

10.

Why is creativity important and explain the creative process?

Answer»

Creativity is important to entrepreneurs because it is the first stage in the process of innovation, providing the stimulus for opportunity discovery and new venture creation. 

The process of creativity involves five steps:

1. Idea germination, 

2. Preparation, 

3. Incubation, 

4. Illumination and, 

5. Verification. 

1. Idea germination: This is the seeding stage of a new idea. It is the stage where the entrepreneur recognises that an opportunity exists. The idea germination takes place according to interest, curiosity of the entrepreneur according to which opportunity is explored and exploited to its best potential. Creative ideas germinate besides the interest, the need of a specific problem or area of study. 

2. Preparation: On the basis of the idea, interest and curiosity the need is judged by the entrepreneur and he starts looking for the answer to implement the idea. If the idea is to launch a new product or service then market research is conducted. That happens because the seed of curiosity has taken the form of an idea, the entrepreneurs foresee the future of the product. 

3. Incubation: This is the subconscious assimilation of information. This is the transition period. The entrepreneur starts thinking about the idea and implementation in his sub-conscious mind. 

4. Illumination: In this period of illumination the idea re-surfaces in a realistic way and entrepreneur comes out with a viable plan to give practical shape by collecting raw-material, arranging funds, policy making for implementation of idea. 

5. Verification: Also called the validation or testing stage. This is where the idea is verified to prove that it has value. This is the most difficult phase of creativity as obstacles begin to appear. This is the developing stage in which knowledge is developed into application.

11.

Two statements are given below as Assertion (A) and Reasoning (R). Read the statement and choose the most appropriate option.Assertion (A) : Power sharing is good.Reasoning (R) :  It helps to reduce the possibility of conflicts between social groups.(a) Both Assertion (A) and Reasoning (R) are true and Reasoning (R) is the correct explanation of Assertion (A).(b) Both Assertion (A) and Reasoning (R) are true but Reasoning (R) is not the correct explanation of Assertion (A).(c) Assertion (A) is true but Reasoning (R) is false.(d) Assertion (A) is false but Reasoning (R) is true.

Answer»

Answer is : (a) Both Assertion (A) and Reasoning (R) are true and Reasoning (R) is the correct explanation of Assertion (A).

12.

Assertion (A): A company which is suffering huge losses can be shut down only by following the procedures laid down in Companies Act. Reason (R): A company can be born as well as liquidated only by law. a. A is true but R is false. b. Both A and R are true, but R is not the correct explanation of Ac. A is true and R is the correct explanation of Ad. Both A and R are false.

Answer»

c. A is true and R is the correct explanation of A

13.

Which of the following statements correctly explains the concept of creative efforts? 1. Develop and improve an existing or new product or service. 2. Compete with an existing product or service 3. Find a new process or resource for manufacturing a product. a. Both 1,3 b. All 1, 2, 3 c. Both 2,3 d. Only 1

Answer»

Answer is a. Both 1,3

14.

Defeat in the Battle of Talikota saw the downfall of which empire (a) Ahmednagar (b) Vijaynagar (c) Chola (d) Rashtrakuta

Answer»

(b) Vijaynagar

15.

Profit of the last three years were Rs. 6,000; Rs. 13,000 and 8,000 respectively. Good will at two years purchase of the average net profit will be:(a) Rs. 81,000(b) Rs. 27,000(c) Rs. 9,000(d) Rs. 18,000 

Answer»

Good will at two years purchase of the average net profit will be Rs. 18,000 

16.

Read the following extract carefully and answer the questions that follow: A rural city? Read this excerpt on Madras from the Imperial Gazetteer, 1908: ... the better European residencies are built in the midst of compounds which almost attain the dignity of parks, and rice-fields frequently wind in and out between these in almost rural fashion. Even in the most thickly peopled native quarters such as Black Town and Triplicane, there is little of the crowding found in many other towns. Explain the condition of black towiis

Answer» The black towns were thickly populated, with Jess hygienic living conditions and with no planning The "Black" arcas come to he symbolised not only chaos and anarchy, but also filth and disease
17.

She ______ in Spain for over three years. A) has been B) be staying C) is living D) travels

Answer»

Correct option is A) has been

18.

Generally the interest on capital is considered as:(a) An application of Profit(b) An asset(c) An expense(d) None of these 

Answer»

Generally the interest on capital is considered as An application of Profit

19.

I went to the gym and ______ volleyball. A) will play B) played C) have played D) were playing

Answer»

Correct option is B) played

20.

X and Y share profits in the ratio of 2 : 3. In future they decide to share profit in equal ratio. Which partner will sacrifice in which ratio?(a) X (Sacrifices) 1/10(b) Y (Sacrifices) 1/5(c) Y (Sacrifices) 1/10(d) None of these 

Answer»

(c) Y (Sacrifices) 1/10

21.

Read the following extract carefully and answer the questions that follow: The Ain on land revenue collection Let him (the amil-guzar) not make it a practice of taking only in cash but also in kind. The latter is effected in several ways, First, kankut in the Hindi language kan signifies grain, and kut, estimates. If any doubts arise, the crops should be cut and estimated in three lots, the good, the middling and the inferior, and the hesitation should be removed. Often, too, the land taken by appraisement, gives a sufficiently accurate return. Secondly, batai, also called bhaoli, the crops are reaped and stacked and divided by agreement in the presence of the parties. But in this case several intelligent inspectors are required, otherwise, the evil minded and false are given to deception. Thirdly, khet-batai, when they divide the fields after they are sown. Fourthly, lang batai, after cutting the grain, they form it in heaps and divide it among themselves, and ceash takes his share home and turns it to profit. Explain the kankut system of land revenue.

Answer» In the Kankut system, in the Hindi language kan signifies grain and kut estimates. If any doubts arise the crops should be cut and estimated in three lots : the good, the middling and the inferior, and the hesitation should be removed. Often, too, the land taken by appraisement, gives a sufficiently accurate return
22.

A, B and C are partner sharing profit and losses in the ratio of 10: 6: 4. They decided to share future profit equally. The sacrificing gaining ratio of A, B and C is(a) 3 : 2 : 1(b) 2 : 2 : 1(c) 5: 2 : 2(d) None of these 

Answer»

The sacrificing gaining ratio of A, B and C is 3 : 2 : 1

23.

For the firm, interest on drawing is a: (a) Expenses (b) Income(c) Loss(d) None of these 

Answer»

For the firm, interest on drawing is a Income

24.

Flactuating Capital is credited.(a) Interest on Capital(b) Profit of the year(c) Remuneration of Partner(d) All of these

Answer»

(d) All of these

25.

The relation of a partner will the firm is(a) As a manager(b) As an owner and an agent(c) As a servant(d) As a director  

Answer»

The relation of a partner will the firm is As an owner and an agent

26.

When we write something on the disk, which one of the following can not happen?(a) successful completion(b) partial failure(c) total failure(d) none of the mentioned

Answer» Correct answer is (d) none of the mentioned

Easiest explanation - None.
27.

Each connection arriving at multi threaded servers via network is generally ____________(a) is directly put into the blocking queue(b) is wrapped as a task and passed on to a thread pool(c) is kept in a normal queue and then sent to the blocking queue from where it is dequeued(d) none of the mentioned

Answer» Correct answer is (b) is wrapped as a task and passed on to a thread pool

To explain I would say: None.
28.

In which OSI layer encryption and decryption happens?(a) Application(b) Presentation(c) Transport(d) Data Link

Answer» Correct option is (b) Presentation

Explanation: None.
29.

What are the important steps followed when recovery from failure happens?(a) Post repairing integration with main system should happen smoothly and gracefully(b) Upon link failure both parties at end must not be notified(c) Fault recovery system must me adjusted(d) Failures are logged systematically

Answer» Correct choice is (a) Post repairing integration with main system should happen smoothly and gracefully

To explain: None.
30.

What will happen during the recovery from a failure?(a) each pair of physical block is examined(b) specified pair of physical block is examined(c) first pair of physical block is examined(d) none of the mentioned

Answer» The correct choice is (a) each pair of physical block is examined

Explanation: None.
31.

In distributed systems, link and site failure is detected by ___________(a) polling(b) handshaking(c) token passing(d) none of the mentioned

Answer» The correct option is (b) handshaking

Easy explanation - None.
32.

The server maintains a/an ________ that specifies local file systems that it exports for mounting, along with names of machines that are permitted to mount them.(a) export list(b) import list(c) sending list(d) receiving list

Answer» The correct answer is (a) export list

Easy explanation - None.
33.

Which one of the following hides the location where in the network the file is stored?(a) transparent distributed file system(b) hidden distributed file system(c) escaped distribution file system(d) spy distributed file system

Answer» The correct answer is (a) transparent distributed file system

The best I can explain: None.
34.

_______ is not possible in distributed file system.(a) File replication(b) Migration(c) Client interface(d) Remote access

Answer» Correct choice is (b) Migration

Easiest explanation - None.
35.

Processes on the remote systems are identified by ___________(a) host ID(b) host name and identifier(c) identifier(d) process ID

Answer» Correct choice is (b) host name and identifier

Explanation: None.
36.

Which is not a major component of a file system?(a) Directory service(b) Authorization service(c) Shadow service(d) System service

Answer» The correct option is (c) Shadow service

The explanation is: None.
37.

What are the different ways file accesses take place?(a) sequential access(b) direct access(c) indexed sequential access(d) all of the mentioned

Answer» The correct choice is (d) all of the mentioned

Explanation: None.
38.

Multithreading on a multi – CPU machine ___________(a) decreases concurrency(b) increases concurrency(c) doesn’t affect the concurrency(d) can increase or decrease the concurrency

Answer» Right choice is (b) increases concurrency

The best I can explain: None.
39.

Resource sharing helps ___________(a) share the memory and resources of the process to which the threads belong(b) an application have several different threads of activity all within the same address space(c) reduce the address space that a process could potentially use(d) all of the mentioned

Answer» Correct answer is (d) all of the mentioned

The explanation: None.
40.

In RAID level 4, one block read, accesses __________(a) only one disk(b) all disks simultaneously(c) all disks sequentially(d) none of the mentioned

Answer» The correct option is (a) only one disk

To explain: Other requests are allowed to be processed by other disks.
41.

The series of accesses between the open and close operations is a _____________(a) transaction(b) procedure(c) program(d) file session

Answer» Correct choice is (d) file session

Easy explanation - None.
42.

Multithreading an interactive program will increase responsiveness to the user by ___________(a) continuing to run even if a part of it is blocked(b) waiting for one part to finish before the other begins(c) asking the user to decide the order of multithreading(d) none of the mentioned

Answer» The correct choice is (a) continuing to run even if a part of it is blocked

Explanation: None.
43.

A heavy weight process ___________(a) has multiple threads of execution(b) has a single thread of execution(c) can have multiple or a single thread for execution(d) none of the mentioned

Answer» The correct option is (b) has a single thread of execution

Explanation: None.
44.

What is the mounting of file system?(a) crating of a filesystem(b) deleting a filesystem(c) attaching portion of the file system into a directory structure(d) removing the portion of the file system into a directory structure

Answer» The correct choice is (c) attaching portion of the file system into a directory structure

Best explanation: None.
45.

What are routing strategies which is not used in distributed systems?(a) Fixed routing(b) Token routing(c) Virtual circuit(d) Dynamic routing

Answer» Right answer is (c) Virtual circuit

For explanation: None.
46.

How is are collisions avoided in network?(a) Carrier sense with multiple access (CSMA); collision detection (CD)(b) Carrier sense multiple access with collision avoidance(c) Message slots(d) All of the mentioned

Answer» Correct answer is (d) All of the mentioned

The best explanation: None.
47.

The _______ maintains pending and blocked bit vectors in the context of each process.(a) CPU(b) Memory(c) Process(d) Kernel

Answer» The correct option is (d) Kernel

The explanation: None.
48.

When a cycle exists, the reference count maybe non zero, even when it is no longer possible to refer to a directory or file, due to _______(a) the possibility of one hidden reference(b) the possibility of two hidden references(c) the possibility of self referencing(d) none of the mentioned

Answer» Right choice is (c) the possibility of self referencing

To explain: None.
49.

What is the main problem with access control lists?(a) their maintenance(b) their length(c) their permissions(d) all of the mentioned

Answer» The correct choice is (b) their length

The best I can explain: None.
50.

Which routing technique is used in a distributed system?(a) fixed routing(b) virtual routing(c) dynamic routing(d) all of the mentioned

Answer» The correct choice is (d) all of the mentioned

The best explanation: None.