1. By an agreement between the Centre and the Reserve Bank of India, which of the following statements are correct?1. The Reserve Bank is committed to bringing inflation below 4 per cent by January 2016.
2. The consumer inflation target has been set at 6 per cent, with a band of plus or minus 2 percentage points, for the financial year 2016-17.
a) Only 1
b) Only 2
c) Both
d) None
View Answer / Hide AnswerANSWER: d) None
The Reserve Bank is committed to bringing inflation below 6 per cent by January 2016. The consumer inflation target has been set at 4 per cent, with a band of plus or minus 2 percentage points, for the financial year 2016-17.
1. Technical advisory committee has internal as well as external members.
2. Recommendation of TAC is binding on RBI governor.
a) Only 1
b) Only 2
c) Both
d) None
View Answer / Hide AnswerANSWER: a) Only 1
All monetary policy decisions are taken by the RBI governor. A technical advisory committee (TAC) advises the governor, but what it recommends is not binding on him.
a) P J Nayak Committee
b) Gopalkrishnana Committee
c) Urjit Patel Committee
d) Nachiket Mor Committee
View Answer / Hide AnswerANSWER: c) Urjit Patel Committee
An RBI committee led by deputy governor Urjit Patel had recommended the creation of a five-member MPC. This MPC was to have no government representation as the separation of monetary and fiscal policies is an accepted principle in any properly administered economy.
1. Kazakhstan
2. Iran
3. Rwanda
4. Syria
5. Bhutan
a) 2,3,4,5
b) 1,3,5
c) 1,2,3
d) 2,4,5
e) All
View Answer / Hide AnswerANSWER: d) 2,4,5
Kazakhstan became 162th member of World Trade Organization (WTO).Iran,Syria and Bhutan have observer status in WTO.
1. Sagar is proposed port which will replace Haldia port
2. Government is planning to develop undersea tunnels between Kakdwip and Sagar Island.
a) Only 1
b) Only 2
c) Both
d) None
View Answer / Hide AnswerANSWER: c) Both
When operational, the new port with deep draft (depth) is expected to diminish the role of Kolkata port, India’s only riverine port, which has been hit by depth restrictions and higher logistics costs for exporters and importers.
1. East coast has more number of natural ports than west coast.
2. Tamil Nadu has highest number of major ports.
3. Kandla, an artificial port was constructed in the 1950s as replacement of port of Karachi.
a) 1,2
b) 2,3
c) 1,3
d) All
View Answer / Hide AnswerANSWER: a) 1,2
Kandla is a natural port.
1. Western ghats
2. Red soil
3. Moderating effect of Lakshadweep sea
4. Direct sunlight
a) 1,2,3
b) 2,3,4
c) 1,3,4
d) All the above
View Answer / Hide AnswerANSWER: a) 1,2,3
Coffee needs to be protected from direct sunlight, especially when plant is young. Hill slopes are ideal places for coffee plantation as they avoid direct sunlight.
1. The Sargasso Sea is a region in the middle of the North Arctic Ocean
2. It is the only sea on Earth which has no coastline.
a) Only 1
b) Only 2
c) Both
d) None
View Answer / Hide AnswerANSWER: b) Only 2
The Sargasso Sea is a region in the gyre in the middle of the North Atlantic Ocean. It is the only sea on Earth which has no coastline. It is bounded on the west by the Gulf Stream; on the north, by the North Atlantic Current; on the east, by the Canary Current; and on the south, by the North Atlantic Equatorial Current. This system of ocean currents forms the North Atlantic Gyre.
1. Blood banking
2. Space program
3. Electric power transmission
a) 1 and 2
b) 1 and 3
c) 2 and 3
d) all
View Answer / Hide AnswerANSWER: d) all
Underground cables heating problem can be solved by Cryogenic technology.
Certain rare blood groups are stored at low temperatures, such as -165°C.
1. GOI will print one rupee note with signature of RBI governor
2. It was discontinued in 1990.
a) Only 1
b) Only 2
c) Both
d) None
View Answer / Hide AnswerANSWER: b) Only 2
One rupee note carries bilingual signature of the finance Secretary.
1. It is compulsory for a person to have Aadhaar card to get benefits from this scheme.
2. Consumers who do not wish to avail the LPG subsidy for LPG cylinders can simply choose to opt out of subsidy.
a) Only 1
b) Only 2
c) Both
d) None
View Answer / Hide AnswerANSWER: b) Only 2
If person do not possess Aadhaar number, they will have to link their bank account directly with their 17 digit LPG Id.
