General awareness/studies Q & A - Oct 17, 2014

General awareness / studies questions and answers - Oct 17, 2014


1. Arrange the following States/Union Territories in increasing order of their area.

A. Andaman and Nicobar.
B. Sikkim.
C. Goa.
D. Lakshadweep.

a. A, B, C, D.
b. B, A, D, C.
c. D, A, B, C.
d. D, C, B, A.

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ANSWER: d. D, C, B, A.

Among the given Lakshadweep has least area, which covers only 32 sq.km, followed by Goa, which covers about 3702 sq. km, then comes Sikkim with 7096 sq.km and finally Andaman and Nicobar which covers 8248 sq.km.




2. The authority to revoke the Financial Emergency is with.

a. President.
b. Parliament.
c. President and Parliament.
d. Prime Minister and Finance Minister.

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ANSWER: a. President.

The Financial Emergency will be proclaimed according to the Article 360 of Indian Constitution. It will be proclaimed by the President if he thinks that country is facing financial problems and it will be revoked only by President and Parliament has no role to play.




3. If a country’s International Reserves is not sufficient to meet the current and capital account deficit then it is called.

a. Revenue Deficit.
b. Balance of Payment crisis.
c. Financial meltdown.
d. None of these.

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ANSWER: b. Balance of Payment crisis.

International Reserves are the reserve amount that is kept by any country to have the international trade once this amount drops to zero or if it is not enough to meet the deficits then it is called as Balance of Payment Crisis. If this situation arises then the country has to take loan from the IMF.




4. The only country to have natural habitat for both Lion and Tiger is

a. Kenya.
b. South Africa.
c. India.
d. Australia.

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ANSWER: c. India.

The only country to have natural habitat for both Lion and Tiger is India. The Natural habitat of Indian Lions is Gir forest of Gujarat and Natural habitat of Tigers is Sunderbans of West Bengal.




5. Which of the following is true about Salary and Allowances of Prime MInister

i. The Salary and Allowance of the Prime Minister is determined by the President.
ii. The Salary and Allowance of the Prime Minister is more than other members of parliament.

a. Only (i).
b. Only (ii).
c. Both (i) and (ii).
d. Neither (i) nor (ii).

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ANSWER: d. Neither (i) nor (ii).

The Salary and Allowance of the Prime Minister and Member of Parliaments are determined by the Parliament from time to time. The Salary and Allowance of the Prime Minister is same as that of Member of Parliament in addition PM will also get few more facilities.




6. Which of the following is true about Call Money Market

i. It is one of the capital market instruments.
ii. It is the rate at which long-term interbank loans are given.
iii. The rate in India is determined by MIBOR.

a. Only (i).
b. Only (ii).
c. Only (iii).
d. (i) and (ii).

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ANSWER: c. Only (iii).

Call Money Market is a rate at which the short-term interbank loans are given. It is a money market instrument, the rate at which the transaction take place is determined by the Mumbai Inter Bank Offer Rate (MIBOR) in India. In London it is determined by LIBOR.




7. The type of vegetation found in India with rainfall more than 200 cm per year.

a. Tropical Evergreen Forests.
b. Tropical Moist Deciduous Forests.
c. Tropical Dry Deciduous Forests.
d. None of these.

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ANSWER: a. Tropical Evergreen Forests.

The type of vegetation found in places where there is more than 200 cm of rainfall is Tropical Evergreen Forests. In India is found in Western part of Western Ghats, North-Eastern States, Andaman and Nicobar etc.,




8. The highest Decision-Making authority in Indian Politico-administrative system is

a. Parliament.
b. President.
c. Lok Sabha.
d. Cabinet Ministers.

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ANSWER: d. Cabinet Ministers.

The highest decision making body is the cabinet ministers, they discuss each and every issue and take decisions which are accepted by majority of members in the cabinet, Prime Minister being head of Cabinet sometimes influence the decisions.




9. Which of the following is true about stock exchanges in India

i. India has two stock exchanges.
ii. Bombay Stock Exchange is the oldest in India.
iii. National Stock Exchange has more market cap than Bombay Stock Exchange.

a. (i) and (ii).
b. (ii) and (iii).
c. (i) and (iii).
d. All of these.

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ANSWER: a. (i) and (ii).

In India we have two stock exchanges BSE and NSE, before 1991 we had many regional stock exchanges. BSE is the oldest it was set up in the year 1875. The Market cap of BSE is more than NSE.




10. The total number of Biosphere Reserves in India is

a. 12.
b. 14.
c. 18.
d. 22.

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ANSWER: c. 18.

Indian government has setup 18 biosphere reserves in the country to protect the flora and fauna of the country. 9 out of 18 biosphere reserves have been included in the world network of Biosphere reserves.


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