General awareness / studies questions and answers - Nov 19, 2014
1. Consider the following statements and identify the right ones.i. RBI functions as clearing house for commercial banks.
ii. RBI grants license for setting up banking operations.
a. i only
b. ii only
c. both
d. none
View Answer / Hide AnswerANSWER: c. both
According to the RBI Act of 1934, the RBI is empowered with controlling and regulating the banking system in India. It directs their credit policies and advices them.
a. Irrigation
b. Drinking water
c. Roads
d. Postal connectivity
View Answer / Hide AnswerANSWER: d. Postal connectivity
It was launched in the year 2005. It has six components viz, irrigation,drinking water, electrification, roads, housing and rural telephony.
a. Himachal Pradesh
b. Madhya Pradesh
c. Arunachal Pradesh
d. Uttar Pradesh
View Answer / Hide AnswerANSWER: a. Himachal Pradesh
It is a folk drama of Himachal region. It deals with a little bit of philosophy .It talks about the questions of life and death etc.
i. L Subramaniam --------------------- A. Violin
ii. Ravi Shankar --------------------- B. Sitar
iii. T V Gopalakrishnan -------------- C. Mridangam
iv. Ustad Zakir Hussain -------------- D. Tabla
a. 1 A 2B 3C 4D
b. 1 A 2D 3B 4C
c. 1 A 2D 3C 4B
d. 1 D 2B 3C 4D
View Answer / Hide AnswerANSWER: a. 1 A 2B 3C 4D
Ustad Zakir Hussain is known internationally for his techniques in playing tabla. He has also set up a band called Zakir Hussain and the Rhythm Experience.
a. Annie Besant
b. Mahadev Govind Ranade
c. Dayananda Saraswati
d. Gokhale
View Answer / Hide AnswerANSWER: b. Mahadev Govind Ranade
It was started in 1867 in Maharashtra. Keshabchandra Sen was an inspiring figure behind this.
i. Budget.
ii. Federation.
iii. Cabinet.
a. Only (ii).
b. Only (iii).
c. (i) and (ii).
d. (ii) and (iii).
View Answer / Hide AnswerANSWER: c. (i) and (ii).
The words which are not used in the constitution are Budget and Federation. Cabinet was not used in the original constitution but in 44th Constitutional Amendment Act it was mentioned. Since then it is a part of Indian Constitution.
a. Estimated receipts and expenditure of the financial year.
b. Estimates of revenue and capital receipts.
c. Ways and means to raise the revenue.
d. None of these.
View Answer / Hide AnswerANSWER: d. None of these.
Annual Financial Statement is the annual budget of the union government. It contains the estimated receipts and expenditure, estimates of revenue and capital receipts and also ways and means to raise the revenue.
a. One.
b. Two.
c. Three.
d. Four.
View Answer / Hide AnswerANSWER: b. Two.
The Government of India has two budgets. one is Railway Budget and other one is General Budget. Railway budget is exclusively for Railway department and General Budget is for all the other departments.
i. Budget can be introduced only after the recommendation of the President.
ii. Budget can be introduced in any of the houses of the Parliament.
a. Only (i).
b. Only (ii).
c. Both (i) and (ii).
d. Neither (i) nor (ii).
View Answer / Hide AnswerANSWER: a. Only (i).
The Budget will be introduced only after the recommendation of the President of India and it can be introduced only in the Lok Sabha because it is a money bill.
i. Expenditure ‘Charged’ upon the Consolidated Fund of India.
ii. Expenditure ‘Made’ form the Consolidated Fund of India.
a. Only (i).
b. Only (ii).
c. Both (i) and (ii).
d. Neither (i) nor (ii).
View Answer / Hide AnswerANSWER: a. Only (i).
There are two types of expenditure one is charged upon and other one is made from the CFI. The expenditures charged upon the CFI is not voted where as expenditure made from the CFI are voted.
