General awareness / studies questions and answers - Dec 08, 2014
1. Who is considered as the last great Hindu Emperor of India?a. Pulakeshin
b. Ashoka
c. Harshavardhana
d. Vishnuvardhana
View Answer / Hide AnswerANSWER: c. Harshavardhana
He made Kanauj as his seat of power. During his reign, administration became more feudal and decentralised.
2. Who authored Harshacharita?a. Harshavardhana
b. Ravikirti
c. Banabhatta
d. Pulakeshin
View Answer / Hide AnswerANSWER: c. Banabhatta
Banabhatta was the court poet of Harshavardhana. This work contains the conquests and other achievements of the king Harshavardhana.
3. The tax on net income of the companies is calleda. Personal income tax
b. Corporation tax
c. Interest tax
d. Wealth tax
View Answer / Hide AnswerANSWER: b. Corporation tax
For all Indian companies, the tax rate is same, but it differs between a Indian company and Foreign company.
4. The Census Commissioner office functions under the a. Home Ministry
b. Defence Ministry
c. Finance Ministry
d. Ministry for Social Empowerment
View Answer / Hide AnswerANSWER: a. Home Ministry
Census is conducted once in 10 years and is conducted under the Census Act of 1948. It is conducted by the Registrar General and Census Commissioner of India.
5. Who propounded the theory that unemployment is caused by lack of effective demand?a. Malthus
b. Keynes
c. Amartya Sen
d. Adam Smith
View Answer / Hide AnswerANSWER: b. Keynes
In the 1930s, keynes propounded the theory that unemployment is caused because of lack of effective demand and the problem can be addressed by increasing the effective demand.
6. When was the National Planning Committee set up?a. 1950
b. 1938
c. 1947
d. 1935
View Answer / Hide AnswerANSWER: b. 1938
The Indian National Congress set up the National Planning Committee. It underlined that the state should have control on all the key industries.
7. What was the main objective of the 5th five year plan?a. Self-reliance and poverty eradication
b. Self-reliant and self-sustained economy
c. Self reliance and growth with stability
d. Employment generation
View Answer / Hide AnswerANSWER: a. Self-reliance and poverty eradication
The 5th five year plan covered the period 1974 to 1979. It was modelled by the Planning Commission of India. Growth rate of 4.8 was achieved .
8. Which of the following reform was proposed in the Washington Summit of 2008?a. Strenthening tranparency
b. Enhancing sound regulation
c. Promote integrity in financial markets
d. All the above
View Answer / Hide AnswerANSWER: d. All the above
The meeting was on the global financial crisis. It proposed 5 reforms, other 2 being reinforcing international cooperation and reforming international financing institutions.