General awareness / studies questions and answers - Oct 07, 2014
1. Which of the following is not a secondary market reform?a. Modernisation of trading infrastructure.
b. Shortening of the settlement cycle.
c. Dematerialisation.
d. Introduction of DIP guidelines.
View Answer / Hide AnswerANSWER: d. Introduction of DIP guidelines.
Introduction of the DIP guidelines is a primary market reform, whereas the first three are the secondary market reforms. These reforms were carried out in 1991.
2. Arrange the following in the decreasing order of risk.A. Warrants.
B. Forwards.
C. Futures.
D. Options.
a. A, B, C, D.
b. B, A, D, C.
c. D, C, B, A.
d. C, D, A, B.
View Answer / Hide AnswerANSWER: c. D, C, B, A.
Futures and Options are the formal market derivatives which have lesser risks associated with it. Options are less risky than the Futures. Among the given four, Forwards are most risky followed by Warrants, Futures and Options.
3. Which of the following is NOT a bird sanctuary?a. Nal Sarovar.
b. Ranganthitoo.
c. Point Calimere.
d. Radhanagari.
View Answer / Hide AnswerANSWER: d. Radhanagari.
Nal Sarovar Bird Sanctuary is in Gujarat, Ranganthitoo Bird Sanctuary is in Karnataka, Point Calimere Bird Sanctuary is in Tamil Nadu. Radhanagari is not a Bird Sanctuary it is a Wildlife Sanctuary in Maharashtra.
4. Santhal Dance is a dance form of which state?a. West Bengal.
b. Gujarat.
c. Assam.
d. Sikkim.
View Answer / Hide AnswerANSWER: a. West Bengal.
Santhal dance is performed by the Santhal tribes of West Bengal. They are the devotees of Thakurji. Men wear dhoti and turban and also make colourful painting on their body.
5. The Newspaper Started by Bal Gangadhar Tilak wasi. Harijan.
ii. Maratha.
iii. Induprakash.
a. only (i).
b. only (ii).
c. only (iii).
d. (i) and (ii).
View Answer / Hide AnswerANSWER: b. only (ii).
Harijan was the newspaper started by Mahatma Gandhiji and with this he started working for the upliftment of the Harijans. Induprakash was started by Aurobindo Ghosh. Tilak started Maratha.
6. If RBI want to issue currency then,a. It has to take Parliament Approval.
b. It has to take World Bank Approval.
c. Both (a) and (b).
d. Keep minimum reserve of 200crore.
View Answer / Hide AnswerANSWER: d. Keep minimum reserve of 200crore.
The Reserve Bank of India is the sole authority to issue currency in India. If RBI wants to issue currency it is not necessary to take approval of the Parliament or World Bank. It issues the currency on the basis of Minimum Reserve of 200crores.
7. Which of the following Banks are Nationalised Banks?i. Vijaya Bank.
ii. UCO Bank.
iii. Corporation Bank.
iv. Dena Bank.
a. (i),(ii),(iii).
b. (i),(iii),(iv).
c. (ii),(iii),(iv).
d. All of these.
View Answer / Hide AnswerANSWER: d. All of these.
All the given Banks are nationalised Banks. UCO and Dena Bank were nationalised in the year 1969 and Vijaya Bank and Corporation Bank were nationalised in the year 1980.
8. At present which of the following sectors are contributing more for GDP?i. Primary Sector.
ii. Secondary Sector.
iii. Tertiary Sector.
a. only (i).
b. only (ii).
c. only (iii).
d. All three contribute equally.
View Answer / Hide AnswerANSWER: c. only (iii).
Primary Sector is nothing but the Agriculture, even though the dependency on agriculture is almost 50% but still the contribution for GDP is only 14%. The Secondary sector that is industries contribute 21%. The Service sector contributes 65%.
9. Which of the following is true?i. The highest waterfall in India is Jog Falls.
ii. The only Active Volcano in India is in Himalayas.
a. only (i).
b. only (ii).
c. both (i) and (ii).
d. neither (i) nor (ii).
View Answer / Hide AnswerANSWER: a. only (i).
In India, the Highest Waterfall is Jog Falls which is in Karnataka(253m). The only active volcano in India is at Barren Island in Andaman and Nicobar Island and not in the Himalayas.
10. Which of the following is NOT the Folk art of Karnataka?a. Dollu Kunhita.
b. Bhoota Aradhane.
c. Gorava Kunitha.
d. None of these
View Answer / Hide AnswerANSWER: d. None of thesee
Folk Arts mentioned are practised in Karnataka. Apart from this they also have Puja Kunitha, Suggi Kunitha, Somana Kunitha, Pata Kunitha etc.