1) Which of the following statements is/are correct about Finance Commission?
1. The Chairman of the Finance Commission is selected among people who have had the experience of public affairs.
2. For selecting members, having special knowledge of economics is the only criteria.
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Only 1
Explanation:
Members are selected based on following criteria:
1. Are, or have been, or are qualified, as judges of High Court, or
2. Have knowledge of Government finances or accounts, or
3. Have had experience in administration and financial expertise; or
4. Have special knowledge of economics
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2) In which of the following situations, a member of finance commission is disqualified from being a member of the Commission?
1. He is mentally unsound
2. He is an undischarged insolvent
3. He has been convicted of an immoral offense
4. His financial and other interests are such that it hinders smooth functioning of the Commission.
a. 1,2
b. 1,3
c. 1,3,4
d. All the above
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Answer
Explanation
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ANSWER: All the above
Explanation:
Following are the members of 14th finance commission:
Abhijit Sen, Member, Planning Commission; Sushama Nath, Former Union Finance Secretary; M Govinda Rao, former Director of National Institute of Public Finance and Policy; Sudipto Mundle, former Acting Chairman, National Statistical Commission.
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3) Match the following finance commissions with their chairman
1. Twelfth Commission --------------------------- i. Y. B. Chavan
2. First Commission ------------------------------ ii.Dr. Y. V Reddy
3. Thirteenth Commission ---------------------- iii. C. Rangarajan
4. Eighth Commission-----------------------------iv. Dr. Vijay L. Kelkar
5. Fourteenth Commission ---------------------- v. K. C. Neogy
a. 1- ii, 2- v, 3-i, 4- iii ,5-iv
b. 1- iv, 2- ii, 3-i, 4- v ,5-iii
c. 1- iv, 2- ii, 3-i, 4- v ,5-iii
d. 1- iii, 2- v, 3-iv, 4- i ,5-ii
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4) Which of the following are major recommendations of 14th Finance Commission?
1. Fiscal deficit to be reduced to 3% of the GDP by 2017–18.
2. A target of 62% of GDP for the combined debt of center and states.
3. Initiatives to reduce the number of Central Sponsored Schemes(CSS).
a. 1,2
b. 2,3
c. 1,3
d. All
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Answer
Explanation
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ANSWER: All
Explanation:
14th Finance Commission has recommended an increase in the share of states in the centre's tax revenue from the current 32 per cent to 42 per cent. This is indeed the single largest increase ever recommended by a Finance Commission.
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5) Which of the following religion celebrates Das Lakshana?
a. Christianity
b. Buddhism
c. Jainism
d. Islam
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Answer
Explanation
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ANSWER: Jainism
Explanation:
Das Lakshana is another name for Paryushana is an important Jain festival celebrated in the month of August or September. Normally Svetambaras refer to it as Paryushana, while Digambaras refer it as Das Lakshana. Paryushana means "abiding, coming together". The duration of Paryusana is for eight days for Swetambar jains and ten days for jains belonging to the Digambara sect.
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6) Which of the following statements is/are correct about Acharya Kundkund
1. Acharya Kundkund is the most revered Svetambara Jain monk, who lived in around 1st century B.C.
2. He authored Samayasara, Jain text
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Only 2
Explanation:
Acharya Kundkund is the most revered Digambara Jain monk. He authored many Jain texts such as: Samayasara, Niyamasara, Panchastikayasara, Pravachansara, Atthapahuda and Barasanuvekkha.
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7) Which of the following statements is/are correct about the Fiscal Responsibility and Budget Management Act, 2003 (FRBMA)?
1. The Act provided that the Central Government shall not borrow from the Reserve Bank of India(RBI) except under exceptional circumstances where there is temporary shortage of cash in particular financial year..
2. The main purpose was to eliminate revenue deficit of the country & building revenue surplus thereafter and bring down the fiscal deficit to a manageable 3% of the GDP by March 2008.
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Both
Explanation:
The main objective of the act is to institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget.
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8) Which of the following statements is/are correct about Mohiniyattam?
1. It is performed as solo recitals by women.
2. The dance follows the classical text of Hastha Lakshanadeepika
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Both
Explanation:
Renowned mohiniyattam dancer Kalamandalam Satyabhama passed away. Her book 'History, Techniques and Performance of Mohiniyattam' is considered as a reference book on mohiniyattam.
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9) Which of the following countries are part of Sahel eco-climatic zone?
1. Algeria
2. Eritrea
3. Libya
4. Cameroon
5. Burkina Faso
a. 1,2,3,4
b. 1,2,5
c. 1,3,4,5
d. All
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Answer
Explanation
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ANSWER: 1,2,5
Explanation:
The Sahel covers parts of (from west to east) northern Senegal, Southern Mauritania, Central Mali, Northern Burkina Faso, Extreme south of Algeria, Niger, extreme north of Nigeria, Central Chad, Central and Southern Sudan, and Northern Eritrea.
The Sahel is the eco-climatic and bio-geographic zone of transition in Africa between the Sahara Desert to the north and the Sudanese Savanna to the south. Having a semi-arid climate, it stretches across the south-central latitudes of Northern Africa between the Atlantic Ocean and the Red Sea.
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10) Which of the following is apex bank for rural credit?
a. RBI
b. RRB
c. NABARD
d. NAFED
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Answer
Explanation
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ANSWER: NABARD
Explanation:
NABARD serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas
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11) Which of the following statements is/are correct about International Fund for Agricultural Development(IFAD)?
1.It is a member of the United Nations Development Group.
2. It's headquarter is in Mexico city.
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Only 1
Explanation:
International Fund for Agricultural Development(IFAD) is a specialized agency of the United Nations dedicated to eradicating rural poverty in developing countries. It was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference. Its headquarters is in Rome,Italy.
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12) Ngultrum is currency of
a. Sudan
b. Burkina Faso
c. Bhutan
d. Mangolia
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Answer
Explanation
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ANSWER: Bhutan
Explanation:
The ngultrum is the currency of Bhutan since 1974. It is subdivided into 100 chhertum (called chetrums on coins until 1979).In 1974, the ngultrum was introduced, replacing the rupee at par. The ngultrum is equal in value to the Indian rupee.The ngultrum does not exchange independently with other nations currencies but is interchangeable with the Indian rupee.
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13) Tai chi is
a. Singapore Prime minister
b. City in Tibet
c. Chinese martial art
d. South Korean conglomerate
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Answer
Explanation
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ANSWER: Chinese martial art
Explanation:
Tai chi is a Chinese martial art practiced for both its defense training and its health benefits.
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14) Which of the following statements are correct about Dengue?
1. It is also called as breakbone fever
2. Dengue is transmitted by several species of mosquito within the genus Aedes, principally A. aegypti.
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Both
Explanation:
Dengue is a mosquito-borne tropical disease caused by the dengue virus. Symptoms include fever, headache, muscle and joint pains, and a characteristic skin rash that is similar to measles. In a small proportion of cases, the disease develops into the life-threatening dengue hemorrhagic fever, resulting in bleeding, low levels of blood platelets and blood plasma leakage, or into dengue shock syndrome, where dangerously low blood pressure occurs.
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15) The river Penna flows through
1. Maharashtra
2. Karnataka
3. Andhra Pradesh
4. Telangana
5. Kerla
a. 1,2,3
b. 2,3
c. 2,3,4
d. Only 5
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Answer
Explanation
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ANSWER: 2,3
Explanation:
The Penna is a river of southern India. The Penna rises on the hill of Nandi Hills in Chikballapur District of Karnataka state, and runs north and east through the state of Andhra Pradesh to empty into the Bay of Bengal.
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16) The Buckingham Canal runs through
a. Kochi to Thiruvananthapuram
b. Kolkata to Bhuvaneshwar
c. Kozikode to Coimbtur
d. Kakinada to Chennai
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Answer
Explanation
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ANSWER: Kakinada to Chennai
Explanation:
The Buckingham Canal is a 796 kilometres long fresh water navigation canal, running parallel to the Coromandel Coast of South India from Kakinada in East Godavari district in Andhra Pradesh to Villupuram District in Tamil Nadu. The canal connects most of the natural backwaters along the coast to the port of Chennai (Madras). It was constructed during the British Rule, and was an important waterway during the late nineteenth and the twentieth century.
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17) Which of the following statements is/are correct about AUSINDEX?
1. It is a joint air exercises between India and Australia
2. It will be conducted off the west coast of India
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: None
Explanation:
India and Australia will begin their first bilateral naval exercise that will focus on anti-submarine warfare as the two countries look at deepening defence cooperation especially in the Indian Ocean. AUSINDEX-15 is being conducted off the east coast of India from September 11-19.
The AUSINDEX would be a biennial event intended to strengthen maritime cooperation between the nations and further the ability to undertake regional joint and/or combined operations such as humanitarian assistance and disaster relief.
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18) Which of the following states have chosen Indian roller as their state bird?
1. Andhra Pradesh
2. Bihar
3. Odisha
4. Karnataka
5. Telangana
a. 1,2,3
b. 2,3
c. 2,3,4
d. Only 5
e. All
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Answer
Explanation
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ANSWER: All
Explanation:
The Indian roller (Coracias benghalensis), is a member of the roller family of birds. They are found widely across tropical Asia stretching from Iraq eastward across the Indian Subcontinent to Indochina and are best known for the aerobatic displays of the male during the breeding season. They are very commonly seen perched along roadside trees and wires and are commonly seen in open grassland and scrub forest habitats. It is no migratory, but undertakes some seasonal movements. The largest populations of the species are within India, and Several states in India have chosen it as their state bird.
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19) Which of the following is/are wrongly matched?
1. Bleaching agent: Calcium peroxide
2. Reducing agent:Sodium borohydride
3. Dehydrating agent: Concentrated sulfuric acid
a. Only 1
b. 1 and 3
c. 1 and 2
d. None
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Answer
Explanation
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ANSWER: None
Explanation:
No explanation is available for this question!
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20) Which of the following statements is/are correct about NGEF?
1. NGEF (New Government Electrical Factory) of Karnataka in India was an ISO 9001 certified company with German collaborators and known for technology.
2. The New Government Electric Factory (NGEF) Hubli unit will be revived and the state government will provide budgetary allocation to the unit.
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Both
Explanation:
Karnataka government is liquidating the NGEF unit in Bangalore
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