Explore topic-wise InterviewSolutions in Current Affairs.

Correct answer is (a) infinite

Correct answer is (c) ferromagnetic

Correct answer is  (a) 50,000 Ω

Because Young’s modulus of steel is highest and is more elastic 

Correct answer is (d) -10 μC

(a) 1.8 x 10¹¹ C/kg

Correct answer is (a) 3 x 10⁹

(a) conservative

The change in focal length of the eye/lens is done by Ciliary Muscles. 

Correct answer is (a) (n-1)t 

The magnification produced by a plane mirror is +1.

A properly doped p-n junction diode which works inthe breakdown region without damging itself is called a zener diode. It is represented by.

Zener diode as a voltage regulator

A Zener diode can be used as voltage regulator or voltage stabliger to provide a constant voltage from a source voltage may fluetuate over a wide range.

When the input voltage increase, resistance of the zener diode decreases and hence the current through the diode increases to high value. As a result of this, large voltage drop occurs the dropping resistance R₂. Hence the output voltage across R₁ is maintained to the desired value. when the input voltage decreases, current through the diode also decreases. So now small voltage drop takes plane across the resistance R₂ and the output voltage across R₂ is maintained at the desired constant value.

Thus we get a constant voltage inspite of the fluetuating input voltage.

Hence zener diode acts as a voltage regulator.

Concave Mirror is used in Solar Cooker. 

Prism is used for spectrum.

Electric- Supply in house is 50 Hz, 220 V. 

Direct Current is found from Dynamo. 

The S.I. Unit of electric current is Ampere. 

Power of convex lens of 20 cm focal length is + 5D. 

Side mirror of a Motorcar is Convex mirror. 

Answer is b. i and ii,

Correct option is: (a) 7/25

(a) National income is the net factor income earned by normal residents of a country in the form of wages, rent, interest, and profit in one year. This is the sum of domestic factor income and net factor income.

(b)

• When depreciation is included in the national income of a country it is known as gross national income. Conversely when depreciation is deducted. It is known as net national income. In fact,
• National income + depreciation = Gross national income
• National income – depreciation = Net national income
• Gross is a broader concept as compared to ‘Net’.

Merits: 

From Shareholders Point of View:

• The equity shareholders are the owners of the company. 
• It is suitable for those who want to take risk for higher return. 
• The value of equity shares goes up in the stock market with the increase in profits of the concern. 
• Equity shares can be easily sold in the stock market.
• The liability is limited to the nominal value of shares. 
• Equity shareholders have a say in the management of a company as they are conferred voting rights.

From Management Point of View: 

• A company can raise capital by issuing equity shares without creating any charge on its fixed assets. 
• The capital raised by issuing equity shares is not required to be paid back during the lifetime of the company. It will be paid back only when the company is winding up. 
• There is no binding on the company to pay dividend on equity shares. The company may declare dividend only if there is enough profits. 
• If a company raises more capital by issuing equity shares, it leads to greater confidence among the creditors. 

Elasticity of demand has Five types.

(d) All of these 

Elasticity of demand for necessities is zero.

Differentiate between E-business and E-Commerce.

E-commerce deals only with distribution of goods and services whereas e business is a wider term. e-business not only include e-commerce, but also include other electronically conducted business functions like production, accounting, finance, personal, administration etc.

Merits: 

1. Ease of formation and closure: Like sole proprietorship, the partnership business can be formed easily without any legal formalities. 

2. More funds: In a partnership, the capital is contributed by a number of partners. This makes it possible to raise larger amount of funds as compared to a sole proprietor and undertake additional operations when needed. 

3. Sharing risks: The risks involved in running a partnership firm are shared by all the partners. This reduces the anxiety, burden and stress on individual partners. 

4. Secrecy: A partnership firm is not legally required to publish its accounts and submit its reports. Hence it is able to maintain confidentiality of information relating to its operations.

Demerits: 

1. Limited capital: Since the total number of partners cannot exceed 20, the capital to be raised is always limited. It may not be possible to start a very large business in partnership form.

2. Lack of continuity of business: A partnership firm concerns to an end in the event of death, lunacy or retirement of any partner. Even otherwise, it can discontinue its business at the partners. At any time, they may take a decision to end their relationship. 

3. Lack of public confidence: There is no governmental supervision over the affairs of the business of a partnership and publishing accounts is also not necessary. Hence, public may not have full confidence in them. 

4. Unlimited liability: The liability of each partner is not limited to the amount invested but his private property is also liable to pay the business obligations.

Two example of products for which E-business is not suitable:

(i) Heavy Machinery 

(ii) Gold Jewellery

Two method of payment under online transactions are:

(i) Debit Card, 

(ii) Mobile Payment

1. Formation: Statutory corporations are set up under an Act of Parliament or state legislature. The objectives, powers, duties of these corporations are described in the act. 

2. Governmental control: This type of organisation is wholly owned by the state. The government has the ultimate financial responsibility (i.e. liable for all profit or loss). 

3. Management: The day-to-day administration is look after by Board of Directors nominated by the government. 

4. Financial autonomy: This type of enterprise is usually independently financed. It obtains funds by borrowings from the government or from the public and other sources. They need not to depend on budget allocation.

The warehouse was initially viewed as a static unit for keeping and storing goods in a scientific and systematic manner so as to maintain their original quality, value and usefulness.

1. Private Warehouses: These are operated, owned or leased by a company handling their own goods, such as retail chain stores or multi-brand, multi-product companies. As a general rule, an efficient warehouse is planned around a material handling system in order to encourage maximum efficiency of product movement.

2. Public Warehouses: It can be used for storage of goods by traders, manufacturers or any member of the public after the payment of a storage fee or charges. The government regulates the operation of these warehouses by issuing licences for them to private parties.

3. Bonded Warehouses: These are licensed by the government to accept imported goods prior to payment of tax and customs duty. These are goods which are imported from other countries. Importers are not permitted to remove goods from the docks or the airport till customs duty is paid.

4. Government Warehouses: These warehouses are fully owned and managed by the government. The government manages them through organisations set up in the public sector.

1. Principle of utmost good faith: According to this principle, the insurance contract must be signed by both parties (i.e. insurer and insured) in an absolute good faith or belief or trust. The person getting insured must willingly disclose and surrender to the insurer his complete true information regarding the subject matter of insurance.

Example: If any person has taken a life insurance policy by hiding the fact that he is a cancer patient and later on if he dies because of cancer then Insurance Company can refuse to pay the compensation as the fact was hidden by the insured.

2. Principle of insurable interest: As per this principle, the insured must have insurable interest in the subject matter of insurance. It means insured should gain by the existence or safety and lose by the destruction of the subject matter of insurance.

Example: If a person has taken the loan against the security of a factory premises then the lender can take fire insurance policy of that factory without being the owner of the factory because he has financial interest in the factory premises.

3. Principle of indemnity: According to the principle of indemnity, an insurance contract is signed only for getting protection against unpredicted financial losses arising due to future uncertainties. Insurance contract is not made for making profit else its sole purpose is to give compensation in case of any damage or loss. 

Example: A person insured a car for 5 lakhs against damage or an accident case. Due to accident he suffered a loss of 3 lakhs. then the insurance company will compensate him 3 lakhs not only the policy amount i.e., 5 lakhs as the purpose behind it is to compensate not to make profit. 

4. Principle of contribution: According to this principle, the insured can claim the compensation only to the extent of actual loss either from all insurers in a proportion or from any one insurer.

Example: A person gets his house insured against fire for 50,000 with insurer A and for 25,000 with insurer B. A loss of 37,500 occurred. Then A is liable to pay 25,000 and B is liable to pay 12,500.

5. Principle of subrogation: According to the principle of subrogation, when the insured is compensated for the losses due to damage to his insured property, then the ownership right of such property shifts to the insurer. 

Example: If a person receives Rs. 1 lakh for his or her damaged stock, then the ownership of the stock will be transferred to the insurance company and the person will hold no control over the stock.

6. Principle of mitigation of loss: According to the Principle of mitigation of loss, insured must always try his level best to minimize the loss of his insured property, in case of uncertain events like a fire outbreak or blast, etc. The insured must not neglect and behave irresponsibly during such events just because the property is insured.

Example: If a person has insured his house against fire, then, in case of fire, he or she should take all possible measures to minimise the damage to the property exactly in the manner he or she would have done in absence of the insurance,

7. Principle of Causa Proxima: Principle of Causa Proxrna (a Latin phrase), or in simple English words, the Principle of Proximate (i.e. Nearest) Cause, means when a loss is caused by more than one causes, the proximate or the nearest cause should be taken into consideration to decide the liability of the insurer.

Example: If an individual suffers a loss in A fire accent, then this should already he a part of the contract in order for this person to claim the insurance amount.

Correct option is 

1 b. Nominal a/c

2 a. Book value

3 a. Assets which physically exist but not shown in the Balance sheet

4 a. R,K,S

6 types of market segmentation: demographic, geographic, psychographic, behavioural, needs-based and transactional.

An offer made to the world at large is known as a general offer. Such offers can be accepted by anyone but the contract is not entered into with the whole world. It is made only with person who comes forward & performs the condition of the proposal.

a. Both A and R are correct and R is the correct explanation of A.

Answer: Global

Correct option is a. Both A and R are correct and R is the correct explanation of A