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.

List the elements involved in a typical communication.

Answer»

Elements involved in a typical communication are source, target, message and media

2.

In a typical satellite communication system, which of the following can be up-link and down-link frequencies respectively?1. 40 GHz and 60 GHz2. 4 GHz and 6 GHz3. 60 GHz and 40 GHz4. 6 GHz and 4 GHz

Answer» Correct Answer - Option 4 : 6 GHz and 4 GHz

The three band of satellite frequencies used are 

Sr. NoUp-link frequenciesDown-link frequencies

1.

6 GHz4 GHz
2.14 GHz11 GHz
3.30 GHz24 GHz

 

In general, up-link frequency is greater than down-link frequency.

3.

What is Valuation Debit?

Answer»

An amount equivalent to the securities not delivered by member valued at the valuation price (the closing price on the day previous to the day of valuation).

4.

Who is called Writer of the option contract?

Answer»

Seller of the Option Contract

5.

Use of abbreviations in a communication leads to misinterpretation of messages is an example of ______ barriers.

Answer»

Use of abbreviations in a communication leads to misinterpretation of messages is an example of Language barriers.

6.

Discuss any 3 elements required in a typical communication.

Answer»

1) source 

2) target 

3) message 

4) media

7.

What is Pay-in Day?

Answer»

Pay-in day is the day when the securities sold are delivered to the exchange by the sellers.

8.

Vacationing helps in _________individuals.

Answer»

Vacationing helps in de-stressing individuals.

9.

An __________ is a person who establishes a business or a venture that generates some value to the customer and proves to be profitable for him.

Answer»

An Entrepreneur is a person who establishes a business or a venture that generates some value to the customer and proves to be profitable for him.

10.

Which type of communication has an advantage of meticulous presentation? A) Written communication B) Verbal communication C) Facial expression D) None of these

Answer»

Correct option; A) Written communication

11.

Define European Option.

Answer»

An option can be exercised at the expiry of the contract period known as European option contract.

12.

What do you mean by European option contract?

Answer»

An option can be exercised at the expiry of the contract period.

13.

Name the software that serves as an interface between the user and the computer.

Answer»

Operating system

14.

__________ serves as an interface between the user and computer.

Answer»

Operating System serves as an interface between the user and computer.

15.

Define Basis?

Answer»

Basis is defined as the futures price minus the spot price.

16.

What Far Month indicates in Derivatives Contract?

Answer»

It’s Three Months Contract.

17.

What is an Annual Report?

Answer»

An annual report is a formal financial statement issued yearly by a corporate.

18.

Which contract price is generally not available in public domain?

Answer»

Forward Contract

19.

_____is a practice where an individual is supposed to focus his/her mind on a particular object, thought or activity to achieve a calm mental state reducing stress.

Answer»

Meditation is a practice where an individual is supposed to focus his/her mind on a particular object, thought or activity to achieve a calm mental state reducing stress.

20.

What Current ratio measure?

Answer»

The current ratio measures the ability of the firm to meet its current liabilities from the current assets.

21.

Name two household devices that use embedded computer systems

Answer»

Microwave, washing machine, fridge.

22.

Define liquidity.

Answer»

Liquidity refers to the ability of a firm to meet its financial obligations in the short-term which is less than a year.

23.

What is Short position in future and Option Contract?

Answer»

short position (sell position)

24.

It is a practice where an individual is supposed to focus his/her mind on a particular object, thought or activity to achieve a calm mental state reducing stress. Name the practice. a. Communication b. Stress management c. Meditation d. Recreation

Answer»

Correct answer is c. Meditation 

25.

What is an embedded device?

Answer»

A special purpose computing system, that is enclosed by the object/functions as a component in a larger product, and may or may not be able to connect to the Internet , .

e.g. printer.

26.

Define Initial Margin for Future contract.

Answer»

The amount that must be deposited in the margin account at the time a futures contract is first entered into is known as initial margin.

27.

What do you understand by ‘Cumulative Preference Share?’

Answer»

A type of preference shares on which dividend accumulates if remained unpaid. All arrears of preference dividend have to be paid out before paying dividend on equity shares.

28.

Write the difference between Initial Margin and Mark to Market Margin?

Answer»

Initial margin: The amount that must be deposited in the margin account at the time a futures contract is first entered into is known as initial margin.

Marking-to-market: In the futures market, at the end of each trading day, the margin account is adjusted to reflect the investor‘s gain or loss depending upon the futures closing price. This is called marking-to-market.

29.

State whether the following statements are true or false:a. An All-in-One computer contains a separate tower that contains the system unit b. An ICT system is made up of people, computer hardware, computer software and the ability to collect data and communicate results c. Data conveys meaning to users and information is a collection of unprocessed items such as number. d. A headset is a type of input device.e. A hybrid computer can be used as a tablet or a laptopf. A washing machine is an example of an embedded device g. A digital camera is an example of a dedicated deviceh. RAM is also known as secondary memoryi. The CPU fetches program or application’s instructions from non-volatile memory j. A storage device can be categorised as an input and an output device 

Answer»

a. An All-in-One computer contains a separate tower that contains the system unit 

False.

b. An ICT system is made up of people, computer hardware, computer software and the ability to collect data and communicate results 

True.

c. Data conveys meaning to users and information is a collection of unprocessed items such as number.  

False.

d. A headset is a type of input device. 

True.

e. A hybrid computer can be used as a tablet or a laptop 

True.

f. A washing machine is an example of an embedded device 

True.

g. A digital camera is an example of a dedicated device 

True.

h. RAM is also known as secondary memory 

True

i. The CPU fetches program or application’s instructions from non-volatile memory 

True.

j. A storage device can be categorised as an input and an output device 

True.

30.

Software that serves as an interface between user and computer is termed as: a. Operating system b. Android c. Windows d. DOS

Answer»

Correct answer is a. Operating system 

31.

What is a keyboard used for?

Answer»

To input, data (text, characters) and other commands, into a computer.

32.

Write the difference between Forward and Future?

Answer»

Distinction between Futures and Forwards:

FuturesForwards
Trade on an organized exchangeOTC in nature
Standardized contract termsCustomised contract terms
More liquidLess liquid
Requires margin paymentsNo margin payment
33.

Write the full form of ISIN (a) International Securities Index Number (b) International Stock Index Number (c) Indian Stock Index Number (d) Indian Securities Index Number

Answer»

Correct option: (a) International Securities Identification Number

34.

Define Derivatives?

Answer»

The term Derivative stands for a contract whose price is derived from or is dependent upon an underlying asset.

35.

List three factors to consider when buying a storage device

Answer»

Capacity, Robustness, Cost per GB.

36.

What is a 3-D printer?

Answer»

A printer that uses a process called additive manufacturing, to create an object,one layer at a time.

37.

Explain SWAP?

Answer»

Swaps are private agreements between two parties to exchange cash flows in the future according to a prearranged formula. They can be regarded as portfolios of forward contracts. 

The two commonly used swaps are:

Interest rate swaps:

Currency swaps:

38.

Explain Taxation of Derivative Transaction in Securities?

Answer»

Prior to Financial Year 2005–06, transaction in derivatives were considered as speculative transactions for the purpose of determination of tax liability under the Income tax Act. This is in view of section 43(5) of the Income-tax Act which defined speculative transaction as a transaction in which a contract for purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips.

Finance Act, 2005 has amended section 43(5) so as to exclude transactions in derivatives carried out in a ―recognized stock exchange‖ for this purpose. This implies that income or loss on derivative transactions which are carried out in a ―recognized stock exchange‖ is not taxed as speculative income or loss. Thus, loss on derivative transactions can be set off against any other income during the year. In case the same cannot be set off, it can be carried forward to subsequent assessment year and set off against any other income of the subsequent year. Such losses can be carried forward for a period of 8 assessment years.

39.

How is a depository similar to a bank?

Answer»

A Depository can be compared with a bank, which holds the funds for depositors. An analogy between a bank and a depository may be drawn as follows:

BANKDEPOSITORY
Holds funds in an accountHold securities in an account
Transfers funds between accounts on the instruction of the account holderTransfers securities between accounts on the instruction of the account holder.
Facilitates transfers without having to handle moneyFacilitates transfers of ownership without having to handle securities.
40.

In the context of computers, what are ‘instructions’?

Answer»

Commands, user-responses, or programs (software).

41.

Who can be a writer of an Option

Answer»

Any trader or a member who has sufficient money to pay as margin to sell an option either call or put, is called writer of an option.

42.

What type of hosting will you use to support a government website? Give its advantages.

Answer»

Types of web hosting:

Various types of web hosting services are available. We can choose the web hosting services according to our needs depends upon the storage space needed for hosting, the number of visitors expected to visit, etc.

(1) Shared Hosting :

This type of hosting sharing resources, like memory, disk space and CPU hence the name shared. Several websites share the same server. This is suitable for small websites that have less trac and it is not suitable for large websites that have large bandwidth, large storage space and have large volume of trac.

Eg:

Shared hosting is very similar to living in an Apartment(Villas) complex. All residents are in the same location and must share the available resources(Car parking area, Swimming pool, Gymnasium, playground, etc) with everyone.

(2) Dedicated Hosting :

A web server and its resources are exclusively for one website that have large volume of trac means large volume of requests by the visitors. Some Govt, departments or large organizations require uninterrupted services for that round the clock power supply is needed. It is too expensive but it is more reliable and provide good service to the public.

Eg:

It is similar to living in an Our own house. All the resources in your house are only for you. No . one else’s account resides on the computer and would not be capable, of tapping into your resources.

(3) Virtual Private Server (VPS):

A VPS is a virtual machine sold as a service by an Internet hosting Service. A VPS runs its own copy of an OS (Operating System) and customers have super level access to that OS instance, so they can install almost any s/w that runs on that OS. This type is suitable for websites that require more features than shared hosting but less features than dedicated hosting.

Eg:

It is similar to owning a Condo

43.

List four economic reasons for using computers

Answer»

Can save paper, can perform most tasks more efficiently compared to doing it manually, especially repetitive tasks, more accurate and reliable, job creation, economic growth, innovation.

44.

What are Types of Derivatives?

Answer»

Forwards: A forward contract is a customized contract between two entities, where settlement takes place on a specific date in the future at today's pre-agreed price.

Futures: A futures contract is an agreement between two parties to buy or sell an asset at a certain time in the future at a certain price. 

Options: An Option is a contract which gives the right, but not an obligation, to buy or sell the underlying at a stated date and at a stated price. Options are of two types - Calls and Puts options.

45.

Role of advertising is to— a) Creating a good public image b) Increase the sales of the product c) Encourage research d) All of the above

Answer»

Correct option: b) Increases the sale of the product

46.

Name 2 types of Options.

Answer»

There are 2 types of options. The call option and the put option.

47.

Autogamous pollination takes place in(A) Geitonogamy (B) Xenogamy (C) Cleistogamy (D) Chasmogamy

Answer»

Correct option is: (C) Cleistogamy

48.

What are the different kinds of issues in primary market?

Answer»

The classification of issues is illustrated below:

Initial Public Offering (IPO) is when an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public. This paves way for listing and trading of the issuer's securities.

A follow on public offering (Further Issue) is when an already listed company makes either a fresh issue of securities to the public or an offer for sale to the public, through an offer document.

Rights Issue is when a listed company which proposes to issue fresh securities to its existing shareholders as on a record date. The rights are normally offered in a particular ratio to the number of securities held prior to the issue. This route is best suited for companies who would like to raise capital without diluting stake of its existing shareholders.

49.

The desire for a feeling of elevated status, enhanced appearance and feeling rich are some factors of_____ variables that influence buying decision. a) Behavioristic b) Psychographic c) Demographic d) None of the above.

Answer»

Correct option: b) Psychographic

50.

Define the term ‘Green computing’

Answer»

Practices that involve reducing, electricity and environmental waste, when using computers or related technology/environmentally responsible use of computers and related technology.