Wednesday, April 16, 2014

MCQ07

1 India is following a system of „flat money‟, while issuing currency. What is „flat money‟?

(a) The currency is backed by Government Guarantee
(b) The currency is backed by triangle assets reserves
(c) The currency is backed by gold reserves
(d) The currency is backed by budgetary support



2. Which of the following was declared the first among the States and Union Territories in the country to achieve the milestone of cent per cent coverage of al villages under financial inclusion in 2011?

(a) Andaman & Nicobar Islands
(b) Puducherry
(c) Daman and Diu
(d) Dadra and Nagar Haveli

3. International Seabed Authority is an organisation headquartered in which capital?

(a) Kingston (b) Bridgetown
(c) Port of Spain (d) Suva

4. Which of the following statements are correct?

(1) The fundamental feature of Nagara style of temples are cruciform ground plan and curvilinear tower
(2) The chief feature of a Chola temple is the vimana or storey which was later eclipsed by richly ornamented Gopuram or gateway

(a) 1 only (b) 2 only
(c) 1 and 2 (d) Neither 1 nor 2

5. Which of the following statements regarding the rainfall in India are correct?

1. Over 80% of annual rainfall is received in the four rainy months of June to September.
2. The average rainfall in India is 125cm
3. During cold weather season, northwestern India gets about 25 cm of rainfall
4. The Southeastern Peninsula also gets about 25 cm of rainfall from retreating south-west monsoon.
Select the correct answer from the codes given below:
Codes:
(a) 1, 2 and 3 (b) 1, 3 and 4
(c) 1, 2, and 4 (d) 1, 2, 3 and 4

5. Which of the following are the main reasons for the origin of the South-west monsoon in India?

1. Deflection of the trade winds
2. Heating of the Arabian Sea and the Bay of Bengal
3. Development of low pressure in north-west India
4. Arrival of cyclonic stream from the Pacific Ocean.
Select the correct answer from the codes given below;
Codes;
(a) 1 and 3 (b) 2 and 3
(c) 1, 2 and 3 (d) 1, 3 and 5

6. The Agriculture Ministry is setting up a company called AGRINDIA to:

(a) Improve accessibility and affordability of agricultural credit
(b) Provide high-yield varieties of seeds to farmers
(c) Increase the coverage of crop insurance schemes
(d) Protect patents obtained by R&D institutions in agriculture

7. What does the „Free Market‟ in newspapers mean?

1. It is a market where pricing is driven by the laws of supply and demand
2. In free market things are available without restraints of the government
3. In such markets goods are free from extraneous influence such as tariff or quotas
(a) 1 Only (b) 2 Only
(c) 3 Only (d) 1, 2 and 3

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