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Q.1. Which Five Year Plan has laid emphasis on “Faster, Sustainable and Inclusive Growth”?
(a) Eleventh Five Year Plan
(b) Twelfth Five War Plan
(c) Tenth Five Year Plan
(d) Ninth Five Year Plan
Correct Answer: B
Explanation- The objective of the 12th Five Year Plan was to achieve ‘faster, sustainable and inclusive growth. Salient features of the 12th Five Year Plan: It aimed at achieving ‘inclusive growth’ through poverty reduction, promoting equality and regional balance, empowering people, etc. Hence Option B is correct.
Q.2. “Special Drawing Rights” (SDRs) is available at_______?
(a) IBRD/World Bank
(b) IMF
(c) International Development Association
(d) OECD
Correct Answer: B
Explanation- Special drawing rights (SDRs) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). SDRs are units of account for the IMF and not a currency per se. They represent a claim to currency held by IMF member countries for which they may be exchanged. Hence Option B is correct.
Q.3. Which of the following is complete set of SAARC Members?
(a) Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka
(b) Afghanistan, Bangladesh, Bhutan, Indian, Maldives, Nepal, Pakistan, Myanmar
(c) Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan, Sri Lanka, Myanmar
(d) None of the above
Correct Answer: A
Explanation- Founded during a summit in 1985, SAARC’s initial members include Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Due to rapid expansion within the region, Afghanistan received full-member status and countries are considered observers. Hence Option A is correct.
Q.4. Given below are two statements; one labelled as Assertion (A) and the other labelled as Reason (R):
Assertion (A): The President is a part of Parliament.
Reason (R): A Bill passed by the two Houses of Parliament cannot become law without the assent of the President.
In the context of the above statements which one of the following is correct?
(a) Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation of ‘A’
(b) Both ‘A’ and ‘R’ are true but ‘R’ is not a correct explanation of ‘A’
(c) `A’ is true but `R’ is false.
(d) ‘A’ is false but ‘R’ is true.
Correct Answer: A
Explanation- Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation of ‘A’ Hence Option A is correct.
Q.5. Consider the following statements:
(1) India has attained self-sufficiency in almost all consumer goods.
(2) For capital goods India still depends on imports.
Select the correct answer using the code given below:
Codes:
(a) 1 is true but 2 is false.
(b) 2 is true but 1 is false.
(c) Both 1 and 2 are true.
(d) Both 1 and 2 are false.
Correct Answer: C
Explanation- India has attained self-sufficiency in almost all consumer goods. For capital goods, India still depends on imports. Both of these statements are true. Hence Option C is correct.
Q.6. The first `Deendayal Handicraft Sankul’ trade facilitation centre is located at_______?
(a) Prayagraj
(c) Kanpur
(b) Agra
(d) Varanasi
Correct Answer: D
Explanation- The First ‘Deendayal Handicraft Sankul’ trade facilitation centre is located at ” Varanasi”. Hence Option D is correct.
Q.7. Consider the following terms and arrange them in Chronological order:
(I) Law
(II) Bill
(III) Proposal
(IV) Act
Select the correct answer from the codes given below:
(a) II, III, I, IV
(b) IV, II, III, I
(c) III, II, IV, I
(d) II, III, I, IV
Correct Answer: C
Explanation-
(III) Proposal
(II) Bill
(IV) Act
(I) Law
Hence Option C is correct.
Q.8. ‘Gilt edged’ market means_________?
(a) market of guns.
(b) market of government securities.
(c) bullion market.
(d) market of pure metals.
Correct Answer: B
Explanation– Gilt-edged market – is the market for government securities or securities guaranteed by the government including treasury bills and bonds. Hence Option B is correct.
Q.9. Consider the following statements:
Assertion (A): Tank is one of the main source of irrigation in Peninsular India.
Reason (R): In Peninsular India most of the rivers are seasonal.
Give the correct answer using the codes given below:
(a) (A) and (R) both are correct and (R) is the correct explanation of (A).
(b) (A) and (R) both are correct and (R) is not the correct explanation of (A).
(c) (A) is correct and (R) is false.
(d) (A) is false and (R) is correct.
Correct Answer: A
Explanation- (A) and (R) both are correct and (R) is the correct explanation of (A). Hence Option A is correct.
Q.10. While validating “Aadhar” the Supreme Court of India makes it essential for which of the following?
(a) Bank – account
(b) Credit -card
(c) Passport
(d) Filing income tax return
Correct Answer: D
Explanation- The SC ruled that Aadhaar is mandatory only for filing income tax returns and for the allotment of PAN. It won’t be essential for opening bank accounts or getting SIM cards from telecom operators. Hence Option D is correct.