Q. What is the significance of a contingency fund in disaster management?
A.
To reduce government debt
B.
To provide immediate financial resources for emergencies
C.
To stabilize currency value
D.
To fund long-term development projects
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Solution
A contingency fund is significant in disaster management as it provides immediate financial resources for emergencies, enabling quick response and recovery efforts.
Correct Answer:
B
— To provide immediate financial resources for emergencies
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Q. What is the significance of capital budgeting?
A.
It focuses on short-term financial planning
B.
It assesses long-term investment projects
C.
It determines tax policies
D.
It manages daily operational costs
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Solution
Capital budgeting is significant as it assesses long-term investment projects to determine their feasibility and potential returns.
Correct Answer:
B
— It assesses long-term investment projects
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Q. What is the significance of crop insurance in agriculture?
A.
To increase crop yield
B.
To protect against crop loss
C.
To reduce soil erosion
D.
To enhance irrigation efficiency
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Solution
Crop insurance is significant as it protects farmers against financial losses due to crop failure caused by adverse weather conditions or other risks.
Correct Answer:
B
— To protect against crop loss
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Q. What is the significance of crop rotation in agriculture?
A.
It increases water usage
B.
It helps in pest control
C.
It reduces soil fertility
D.
It requires more irrigation
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Solution
Crop rotation is significant as it helps in pest control and improves soil health by alternating the types of crops grown, which can reduce the buildup of pests and diseases.
Correct Answer:
B
— It helps in pest control
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Q. What is the significance of the '2+2' dialogue format introduced between India and Russia?
A.
Economic discussions
B.
Defense and foreign policy
C.
Cultural exchanges
D.
Environmental cooperation
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Solution
'2+2' dialogue format focuses on defense and foreign policy discussions between India and Russia.
Correct Answer:
B
— Defense and foreign policy
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Q. What is the significance of the 'one person, one vote' principle?
A.
It ensures equal representation
B.
It allows for multiple votes per person
C.
It promotes political parties
D.
It limits voter eligibility
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Solution
'One person, one vote' ensures equal representation in the electoral process.
Correct Answer:
A
— It ensures equal representation
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Q. What is the significance of the Indian Space Policy 2023 announced by ISRO?
A.
To privatize all space missions
B.
To enhance international collaboration
C.
To focus solely on lunar missions
D.
To eliminate satellite launches
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Solution
The Indian Space Policy 2023 aims to enhance international collaboration and promote private sector participation in space activities.
Correct Answer:
B
— To enhance international collaboration
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Q. What is the significance of the Indian Space Research Organisation's (ISRO) Mars Orbiter Mission (Mangalyaan)?
A.
It was the first mission to land on Mars
B.
It was India's first interplanetary mission
C.
It discovered water on Mars
D.
It launched a rover on Mars
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Solution
Mangalyaan, launched in 2013, was India's first interplanetary mission, successfully entering Mars' orbit.
Correct Answer:
B
— It was India's first interplanetary mission
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Q. What is the significance of the Marginal Standing Facility (MSF) in the RBI's monetary policy?
A.
It allows banks to borrow overnight funds at a higher rate
B.
It is used to control inflation directly
C.
It provides long-term loans to the government
D.
It regulates the foreign exchange market
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Solution
The Marginal Standing Facility (MSF) allows banks to borrow overnight funds from the RBI at a higher rate, providing a safety valve against liquidity shortages.
Correct Answer:
A
— It allows banks to borrow overnight funds at a higher rate
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Q. What is the significance of the National Food Security Mission (NFSM)?
A.
To promote food exports
B.
To enhance production of food grains
C.
To reduce food prices
D.
To provide loans to farmers
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Solution
The NFSM aims to increase the production of food grains through various initiatives, thereby improving food security.
Correct Answer:
B
— To enhance production of food grains
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Q. What is the significance of the Paris Agreement?
A.
It aims to eliminate nuclear weapons
B.
It seeks to combat climate change
C.
It regulates international trade
D.
It establishes a global currency
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Solution
The Paris Agreement, adopted in 2015, seeks to combat climate change by limiting global warming to well below 2 degrees Celsius.
Correct Answer:
B
— It seeks to combat climate change
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Q. What is the significance of the Planning Commission in India?
A.
To formulate Five-Year Plans
B.
To regulate banks
C.
To control inflation
D.
To manage foreign trade
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Solution
The Planning Commission was established to formulate Five-Year Plans aimed at economic development and resource allocation.
Correct Answer:
A
— To formulate Five-Year Plans
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Q. What is the significance of the Pradhan Mantri Jan Dhan Yojana in promoting inclusive growth?
A.
It increases tax revenue
B.
It provides direct cash transfers
C.
It aims to provide banking access to all
D.
It focuses on industrial development
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Solution
The Pradhan Mantri Jan Dhan Yojana aims to provide banking access to all, which is essential for financial inclusion and inclusive growth.
Correct Answer:
C
— It aims to provide banking access to all
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Q. What is the significance of the PSLV-C49 mission launched by ISRO in 2020?
A.
It was the first mission to Mars
B.
It launched 10 satellites into orbit
C.
It was a test flight for Gaganyaan
D.
It was the first commercial launch of a foreign satellite
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Solution
PSLV-C49 successfully launched 10 satellites, including the primary satellite RISAT-2BR1, into orbit.
Correct Answer:
B
— It launched 10 satellites into orbit
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Q. What is the significance of the Quad grouping that includes India and the US?
A.
Economic cooperation
B.
Military alliance
C.
Countering China's influence
D.
Cultural exchange
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Solution
The Quad grouping, which includes India, the US, Japan, and Australia, aims to counter China's influence in the Indo-Pacific region.
Correct Answer:
C
— Countering China's influence
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Q. What is the significance of the SLR (Statutory Liquidity Ratio)?
A.
It determines the minimum cash reserves for banks
B.
It regulates the amount of gold banks must hold
C.
It ensures banks maintain a certain percentage of liquid assets
D.
It controls the interest rates on loans
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Solution
The SLR ensures that banks maintain a certain percentage of liquid assets, promoting financial stability.
Correct Answer:
C
— It ensures banks maintain a certain percentage of liquid assets
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Q. What is the supreme law of India?
A.
The Constitution of India
B.
The Indian Penal Code
C.
The Directive Principles of State Policy
D.
The Fundamental Rights
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Solution
The Constitution of India is the supreme law of the land, providing the framework for governance and the rights of citizens.
Correct Answer:
A
— The Constitution of India
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Q. What is the tenure of a Governor in India?
A.
3 years
B.
5 years
C.
6 years
D.
No fixed term
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Solution
The Governor does not have a fixed term and holds office during the pleasure of the President.
Correct Answer:
D
— No fixed term
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Q. What is the tenure of a Rajya Sabha member?
A.
4 years
B.
5 years
C.
6 years
D.
7 years
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Solution
The tenure of a Rajya Sabha member is 6 years, as per Article 83 of the Constitution.
Correct Answer:
C
— 6 years
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Q. What is the term duration for a Panchayat at the village level?
A.
2 years
B.
3 years
C.
5 years
D.
6 years
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Solution
The term duration for a Panchayat at the village level is 5 years as per the provisions of the Constitution.
Correct Answer:
C
— 5 years
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Q. What is the term duration for a Panchayat member in India?
A.
2 years
B.
3 years
C.
5 years
D.
6 years
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Solution
The term duration for a Panchayat member in India is 5 years as per Article 243E of the Constitution.
Correct Answer:
C
— 5 years
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Q. What is the term duration for elected members of the Panchayat?
A.
2 years
B.
3 years
C.
5 years
D.
6 years
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Solution
Elected members of the Panchayat serve a term of 5 years as per the provisions of the 73rd Amendment.
Correct Answer:
C
— 5 years
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Q. What is the term for the total amount of money a government owes to creditors?
A.
Budget deficit
B.
Public debt
C.
Fiscal surplus
D.
National savings
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Solution
Public debt refers to the total amount of money that a government owes to its creditors.
Correct Answer:
B
— Public debt
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Q. What is the term length for the President of India?
A.
3 years
B.
4 years
C.
5 years
D.
6 years
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Solution
The President of India is elected for a term of 5 years as per Article 56 of the Constitution.
Correct Answer:
C
— 5 years
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Q. What is the term of office for a Governor in India?
A.
5 years
B.
6 years
C.
4 years
D.
No fixed term
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Solution
The Governor of a state in India does not have a fixed term and holds office at the pleasure of the President.
Correct Answer:
D
— No fixed term
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Q. What is the term of office for a judge of the Supreme Court of India?
A.
5 years
B.
10 years
C.
Until the age of 65
D.
Until the age of 70
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Solution
A judge of the Supreme Court of India holds office until the age of 65 years.
Correct Answer:
C
— Until the age of 65
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Q. What is the term of office for a member of the Lok Sabha?
A.
4 years
B.
5 years
C.
6 years
D.
3 years
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Solution
The term of office for a member of the Lok Sabha is 5 years.
Correct Answer:
B
— 5 years
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Q. What is the term of office for a member of the Rajya Sabha?
A.
5 years
B.
6 years
C.
4 years
D.
3 years
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Solution
Members of the Rajya Sabha serve a term of 6 years, with one-third of the members retiring every two years.
Correct Answer:
B
— 6 years
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Q. What is the term used for the division of powers between the central and state governments in India?
A.
Unitary system
B.
Federalism
C.
Confederation
D.
Decentralization
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Solution
The term used for the division of powers between the central and state governments in India is Federalism.
Correct Answer:
B
— Federalism
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Q. What is the term used for the period when Parliament is not in session?
A.
Session
B.
Recess
C.
Adjournment
D.
Dissolution
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Solution
The period when Parliament is not in session is referred to as 'Recess'.
Correct Answer:
B
— Recess
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