Explore topic-wise InterviewSolutions in Current Affairs.

Factor affecting the creation of saving in country.

• Interest rates: Higher interest rates will encourage people to save more.

• Availability of appropriate savings schemes: With more options to save money people will be attracted to save more

• Advertising of/knowledge about what is available at financial institutions

• Confidence/trust in financial institutions

• Size of real disposable income: Disposable income is the income left after paying taxes. Thus more money left in pockets will encourage people to save more.

Banker’s Bank and Supervisor : The Central Bank acts as a banker and supervisor to commercial banks in various respects :

(a) It provides financial assistance to banks by discounting their bills and through loans and advances against approved securities . 

(b) It holds a part of cash reserve of commercial bank in two ways : Part of Cash Balance with themselves (SLR) and another part with the central bank as deposit (CRR). 

(c) The Central Bank regulates commercial bank by giving them Licensce, Branch Expansion, Liquidity of Assets, Management and Winding up of Bank. 

(d) The Central Bank exercise the periodic inspection of commercial banks.

Preference shares can be of various types which are as follows:

(i) Cumulative Preference Shares : If there are no profits in one year and the arrears of dividends are to be carried forward and paid out of the profits of subsequent years, the preference share is said to be cumulative. It is noted that the company should pay dividend out of profits only.

(ii) Non-Cumulative Preference Shares : If unpaid dividend lapses, the share is said to be non-cumulative preference share. It means when a preference shareholder receives dividend only in case of profit and is not entitled any right to recover the arrears of dividend, then the type of preference shares held by the shareholder is known as non-cumulative preference shares.

(iii) Redeemable Preference Shares : When shares are repaid after some specified time in accordance with the terms of issue they are called redeemable preference shares.

(iv) Non-Redeemable Preference Shares : These are the preference shares, which do not carry with them the arrangement regarding redemption. No company limited by shares shall issue irredeemable preference shares or preference shares redeemable after the expiry of 20 years from the date of issue.

(v) Participating Preference Shares : When a preference shareholder enjoys the right to participate in the surplus profit (in addition to the fixed rate of dividend) that is left after the payment of dividend to the equity shareholders, the type of shares held by the shareholder is known as participating preference shares.

(vi) Non-Participating Preference Shares : When a preference shareholder receives only a fixed rate of dividend every year and do not enjoy the additional participation in the surplus profit, then the type of shares held by the shareholder is known as non-participating preference shares.

(vii) Convertible Preference Shares : These shares give the right to the holder to get them converted into equity shares at their option according to the terms and conditions of their issue.

(viii) Non-Convertible Preference Shares : When the holder of a preference share has not been conferred the right to get his holding converted into equity share, it is called non-convertible preference shares. Preference shares are non-convertible unless otherwise stated.

(a) Capital – Capital in nationalized bankers, banking companies incorporated side. 

(b) Reserve and surplus – Statutory Reserve, capital Reserve, share premium, Revenue and other Reserve balance of profit.

(c) Depositors – Demand depositors, saving deposits, Term Deposits, Deposits of branches in India and outside India. 

(d) Borrowing – Borrowing in India, Borrowing outside India, secured borrowing included above. 

(e) Other liabilities and provisions – Bills payables, inter-office, adjustment , interest accrued, other provisions. 

(f) Cash and balances with the Reserve Bank of India.

(g) balances with banks and money at call and short notice. 

(h) Investments. 

(i) Advances.

Preference share is one which carries the following two rights-

(i) They have a right to receive dividend at a fixed rate before any dividend is paid on the equity shares.

(ii) On the winding up of the company, they have right to return the capital before the capital returned on equity shares.

However, not withstanding the above two conditions, a holder of the preference share may have a right to share fully or to a limited extent in the surplus of the company as specified in the Memorandum or Articles of the Company.

Preference shares can be of various types which are as follows:

(i) Cumulative Preference Shares : If there are no profits in one year and the arrears of dividends are to be carried forward and paid out of the profits of subsequent years, the preference share is said to be cumulative. It is noted that the company should pay dividend out of profits only.

(ii) Non-Cumulative Preference Shares : If unpaid dividend lapses, the share is said to be non-cumulative preference share. It means when a preference shareholder receives dividend only in case of profit and is not entitled any right to recover the arrears of dividend, then the type of preference shares held by the shareholder is known as non-cumulative preference shares.

(iii) Redeemable Preference Shares : When shares are repaid after some specified time in accordance with the terms of issue they are called redeemable preference shares.

(iv) Non-Redeemable Preference Shares : These are the preference shares, which do not carry with them the arrangement regarding redemption. No company limited by shares shall issue irredeemable preference shares or preference shares redeemable after the expiry of 20 years from the date of issue.

(v) Participating Preference Shares : When a preference shareholder enjoys the right to participate in the surplus profit (in addition to the fixed rate of dividend) that is left after the payment of dividend to the equity shareholders, the type of shares held by the shareholder is known as participating preference shares.

(vi) Non-Participating Preference Shares : When a preference shareholder receives only a fixed rate of dividend every year and do not enjoy the additional participation in the surplus profit, then the type of shares held by the shareholder is known as non-participating preference shares.

(vii) Convertible Preference Shares : These shares give the right to the holder to get them converted into equity shares at their option according to the terms and conditions of their issue.

(viii) Non-Convertible Preference Shares : When the holder of a preference share has not been conferred the right to get his holding converted into equity share, it is called non-convertible preference shares. Preference shares are non-convertible unless otherwise stated.

All Indian Banks are allowed to open current accounts. First of 

(a) We approach any bank with the requisite documents and on successfully furnishing all details in the application form, the bankers will verify all documents and on being satisfied, they will open your current account.

(b) Current Account most banks have minimum quarterly average balance criteria of Rs. – 5,000 to 10,000.

(c) The following documents are required for opening a current account in India.

(i) PAN Card

(ii) Partnership Deed 

(iii) Certificate of Incorporation 

(iv) A cheque for opening the bank Account 

(v) Address proof 

(vi) ID Proof

(d) The account holder would also be required to complete with all KYC norms. 

(e) All banks provide the facility of Debit card, mobile banking and interest banking for current account user.

Guests holding confirm reservation do not check in on the expected date of arrival and also did not cancel the accommodation as per the rules and procedures as declared as No show. These guests are usually charged one day room rent as retention charges. Hotel is also liable to prove that room confirmed could not be sold.

The banks play an important role in the creation of new capital in a country and thus help the growth process.

• Bank arrange for the sale of shares and debentures. 
• There are banks known as industrial banks, which assists the formation of new companies. 
• They give long term loans to manufactures. 
• The banking system can creat money. 
• Bank money can be increased quickly.
• The banking system facilitates internal and international trade. A large part of Trade is done as credit, bank provide reference and guarantees as behalf of customers on the basis of which sellers can supply goods on credit. 
• This is particularly important in international trade. 

In sports the term training is often used by the players, coaches and scientists but there are some disagreement among the coaches and scientists regarding the exact meaning of this term , because the experts those who belongs to sports medicine are in the opinion that sports training is simply a doing of physical exercise, where as some other experts understood the meaning of the word in the form of interval training , strength training, technical training and tactical training.

Sport training is a process of preparation for a sport performance, put simply. 

It consists of four parts:   

(i) Conditioning training (strength training, endurance training, flexibility training) 

(ii) Training of technique (Technical preparation) 

(iii) Training of tactics (Tactical preparation) 

(iv) Psychological training (Mental preparation)

(a) They have been set up at the village level. 

(b) They are mainly given loans for productive work.

Ease is the difference between the measurements of the body of the wearer and the measurements of the garment.

A t-shirt is a casual shirt with or without a collar and made of knit fabric.

Correct option: d) Informational appeal

Banker’s Bank and collection of data

(a) Transfer of purchasing power from one country to another country.

(b) Role in facilitating international in trade and capital movement issuing currency.

Correct option: b) tradeshows, events, face to face interaction, popularity, good amount of money

Yohji Yamamoto designer has Y’s label.

(a) SBI was Ranked 73 largest Bank in the world 

(b) National award for excellence in CSR and sustainability.

A. Charley had a day-dream that allowed him to escape his problems.

d. Issey Miyake

Pleats Please is a prêt label of Issey Miyake designer.

Correct option: b) Covert advertising

1. c. a subway station

2. b. in the writer’s imagination

3. b. corridor

4. d. All of the above

Correct option: d) Co-operative advertising

Correct option: d) Top management

1. D) a pleasant wish that makes one forget the present

2. D) Human tendencies to escape from the harsh realities of the present time

3.B) 1 and 2

 4. B) the narrator is not at all satisfied with his life.

5. c) because her servants refused to help an American enemy soldier.

6. c) because he was an American Soldier

7. B) by seeing no signal of flashlight.

(a) i. TV news anchor

(b) ii Open Magazine

(c) i. Director

(d) iii. Radia tapes

(e) People are at home in front of their TV, watching Arnab.

(f) Because the magazines' publishers insisted this was good publicity.

(g) Section of middle class which is comfortable watching news on television in English.

(h) Middle class is 'xenophobic' in its nationalism.

(i) Increased visibility lend their work greater value.

(j) Times Now

(k) (i) illusions (para3) 

(ii) scions (para3)

Correct Answer is : (a) Russia

Democratic Vs Totalitarian: 

1. Democratic planning implies planning within democracy. 

2. People are associated at every step in the formulation and implementation of the plan. 

3. A democratic plan is characterized by the widest possible consultations with the various state governments and private enterprises at the stage of preparation.

4. The plan prepared by the Planning Commission is not accepted as such. 

5. It can be accepted, rejected or modified by the Parliament of the country. 

6. Under totalitarian planning, there is central control and direction of all economic activities in accordance with a single plan. 

7. Consumption, production, exchange, and distribution are all controlled by the state. In authoritarian planning, the planning authority is the supreme body. 

8. It decides about the targets, schemes, allocations, methods and procedures of implementation of the plan.

Income tax,wealth tax,corporation tax,gift tax

Government uses budgetary policy to allocate resources. This is done by imposing higher rate of taxation on goods whose production is to be discouraged and subsidies provided on goods whose production is to be promoted.

(i) Capital expenditure is the expenditure that either reduces liabilities or creates assets.

Revenue expenditure is the expenditure that neither reduces liabilities nor creates assets. 

(ii) (a) Fiscal deficit is the excess of total budget expenditure over total budget receipts excluding borrowings.

Primary deficit is Fiscal deficit less interest payments.

(b) FD numerically equals to borrowings where as PD is that part of borrowing that is actually available for spending.

(c) Zero FD is always desired as borrowings will be nil. Zero PD is not desired as it implies FD = interest payments, which means government is borrowing to pay interests only,i.e. it is caught in a debt trap.

When the liability to pay and incidence of a tax lie on the same person,it is called a direct tax.

Money can be defined as any thing that is generally accepted as a means of exchange and at the same time acts as a measure and store of value.

Government can bring in economic stability,i.e. control fluctuation in general price level,through taxes,subsidies and expenditure. When there is inflation,government can reduce its own expenditure. When there is deflation,government can reduce taxes and give subsidies to encourage spending by the people.

Allocation of resources is an important function of Govt. budget. The Govt. reallocates its resources in accordance with economic and social priorities of the country through its budget. The Govt. can encourage the private sector through tax concessions, subsides etc. to undertake production of certain goods in public interest. The Govt. undertake activities like water supply sanitation etc. in public interest.

Stock-refers those economic variables which are measurable at a particular point of time e.g., population.

Flow : refers those economic variables which are measurable over a specified period of time e.g., Birth rate, income of person.

The Govt. budget can be used to stabilise the prices in an economy. Price stability refers to the minimisation of fluctuations in prices in the economy. Appropriate taxation and public expenditure policies may be implemented for this purpose. To reduce the purchasing power of the people. Govt. may impose new taxes and raise the rate of existing taxes.The Govt. may reduce public expd. to achieve the objective of price stability.

1. B) ‘Her’ refers to the mother.

2. C) Because she was worried about her aging mother and was afraid of losing her.

3. A) Losing her mother.

4. A) The poet’s mother is old, weak and possibly ill

5. D) All of these

6. D) Dark and uncertain future of slum children from birth to death

Money has solved the problem of double coincidence of wants by serving as medium of exchange. Money helps in buying and selling of goods. Goods are exchanged for money and this money can be used for buying any other good that we need. Now a person can sell his goods to another person for money and then he can use that money to buy the goods he wants from other. So money has made the exchange of goods easy.

The Central Bank acts as a lender of the last resort for commercial banks. When commercial banks fail to meet obligations of their depositors, the central bank comes to their rescue.The central bank advances necessary credit against eligible securities subject to certain terms and conditions. This saves banks from a possible breakdown.

1. D) Something startling or unexpected

2. B) Unfortunate

3. D) Hyperbole

4. (c) 1, 2, and 3

5. B) ‘Her’ refers to the mother.

The two components of Govt. budget are 

(i) Revenue Budget : Revenue budget consists of revenue receipts of the Govt. and the expenditure met from such revenues. The revenue receipts include tax revenue and nontax revenue. 

(ii) Capital Budget : It consists of capital receipts and capital expenditure of the Govt. Capital receipts include market borrowing, foreign debts, repayment of loans and advances. Capital expenditure includes construction of buildings, bridges, repayment of loans etc.

BOP account is a statement of all economic transactions that take place between a nation and the rest of the world during a given period. 

BOP account comprises current account and capital account. 

(i) Current Account : is the account which records imports and exports of goods and services and unilateral transfers. 

(ii) Capital Account : is that account which records capital transactions such as foreign investments, loans, banking other capital and monetary movements.

(a) (iii)Facebook

(b) (i) 140 words/Characters

(c) (iv) Both (i) and (ii)

(d) (i) A social awkward or tactless act

(e) Fashion industry has 'welcomed' the Social Network.

(f) Streamed live / reviews on blogs / YouTube channels etc.

(g) Fashion faux pas made by a leading fashion magazine.

(h) From showcasing fashion style and luxury.

(i) Makes fashion collections available minutes after a fashion show has ended.

(j) A right to an opinion.

(k) (i) reportage (para 1) 

(ii) retailers (para 1)

Correct option: b) Podcasts

1. A) Name of the Institution or organization

2. D) There is no need to write salutation in a notice

3. D) None of these.

4. D) None of these.

5. B) Sir/ Madam

6. D) All of these can be .

7. A) Ability to read the content together

8. D) All of these

Fixed Exchange Rate : is the rate which is officially fixed in terms of gold or any other currency by the Govt. such rate does not vary with changes in demand and supply of foreign currency only the Govt. has the power to change it. 

Flexible Exchange Rate : is that rate which is determined by the forces of demand and supply of foreign exchange. It is free to fluctuate according to changes in demand and supply of foreign currency.

1. b. . Keeping Quiet

2. d. Silence is not death

3. d. quiet introspection and feeling of understanding

4. a. personification

5. .d. . poverty and exploitation of children

6. b. has an inherited disability

7. d. self- centred

8. c. France