11
Q:

The Central Excise Day (CED) is celebrated on which date in India ?

 

A) February 24 B) February 22
C) February 21 D) February 27

Answer:   A) February 24



Explanation:

The Central Excise Day (CED) is celebrated every year on February 23 in India to commemorate the enactment of the Central Excise and Salt Act, 1944. The Central Excise officers all over the country celebrate this day by organizing seminars, workshops, trade interactions and cultural events etc.

 

Subject: General Awareness
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk
Q:

The members of NAFTA are

 

 

A) USA, Canada and Mexico B) USA, Canada and India
C) USA, Canada and Japan D) USA, UK and India
 
Answer & Explanation Answer: A) USA, Canada and Mexico

Explanation:

The North American Free Trade Agreement (NAFTA) is an agreement signed by Canada, Mexico, and the United States and entered into force on 1 January 1994 in order to establish a trilateral trade bloc in North America.

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Q:

Who among the following is the Chairman of the Fourteenth Finance Commission?

A) C. Rangarajan   B) Vijay Kelkar
C) Y. V. Reddy D) Rakesh Mohan
 
Answer & Explanation Answer: C) Y. V. Reddy

Explanation:

The 14th Finance Commission was constituted in January 2014. Commissions chairman was former RBI governor Y V Reddy and its members were Sushma Nath, M. Govinda Rao, Abhijit Sen, Sudipto Mundle.

 

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0 837
Q:

Which of the following is/ are credit rating agency/agencies in India?

 

A) CRISIL B) CARE
C) ICRA D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Some of the Top Credit Rating Agencies in India are:

1.Credit Rating Information Services of India Limited (CRISIL)

2.ICRA Limited

3.Credit Analysis &Research limited (CARE)

4.Brickwork Ratings (BWR)

5.India Rating and Research Pvt. Ltd.

6.Small and Medium Enterprises Rating Agency of India (SMERA)

 

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1 14016
Q:

In India, the term ‘hot money’ is used to refer to 

 

A) Currency + Reserves with the RBI B) Net G D R
C) Net Foreign Direct Investment D) Foreign Portfolio Investment
 
Answer & Explanation Answer: D) Foreign Portfolio Investment

Explanation:

In fact, FPI is often referred to as “hot money” because of its tendency to flee at the first signs of trouble in an economy. These massive portfolio flows can exacerbate economic problems during periods of uncertainty.

 

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4 25014
Q:

Which one of the following statements is correct with respect to the composition of national income in India?

A) The share of manufacturing sector has declined B) The share of services sector has increased sharply.
C) The share of agriculture has remained static. D) The share of services sector has declined.
 
Answer & Explanation Answer: B) The share of services sector has increased sharply.

Explanation:

The growth scenario in India shows that the services sector has become the most dominant in the later part of its growth process. The share of services sector in GDP increased from 28.5 per cent in 1950-51 to 39.6 per cent in 1990-91 and then to 52.6 per cent in 2014-15 while the share of primary sector declined from 56.4 per cent in 1950-51 to 33.4 per cent in 1990-91 and then to only 19.0 per cent in 2014-15.

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0 756
Q:

Which one of the following is notan Air Defence Missile system?

 

A) Akash B) Trishul
C) Tatra D) Astra
 
Answer & Explanation Answer: C) Tatra

Explanation:

Tatra not an Air Defence Missile System. It is a Czech manufacturer producing vehicles in Koprivnice. It is owned by the Tatra Trucks company, based in Ostrava, and is the third oldest company in the world producing cars with an unbroken history.

 

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0 17958
Q:

Which one of the following statements is correct?

A) The rank of Second Lieutenant has been abolished. B) The Chief of Army Staff carries the rank of Field Marshal.
C) All officers posted to Andaman and Nicobar Islands wear the ranks of the Indian Navy. D) The rank of Major General is higher than the rank of Lieutenant General.
 
Answer & Explanation Answer: A) The rank of Second Lieutenant has been abolished.

Explanation:

The rank of 2nd Lieutenant/Act. Sub Lieutenant/Pilot Officer were removed because the salary of the officers holding these ranks were less compared to senior Non-Commissioned Officers i.e Subedar Major in army, Master Warrant Officer in air force and Master Chief Petty Officer -1st Class in navy.

Rest of the statements are incorrect.In modern armies, lieutenant general normally ranks immediately below general and above major general; it is equivalent to the navy rank of vice admiral, and in air forces with a separate rank structure, it is equivalent to air marshal.

 

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0 855
Q:

Which one of the following is not one of the Commands of the Indian Army?

A) South Western Command B) North Eastern Command
C) Central Command D) Army Training Command (ARTRAC)
 
Answer & Explanation Answer: B) North Eastern Command

Explanation:

The Indian Army is divided into six operational commands and one training command each headed by a Limited General. They are South Western, Northern, Central, Army Training Command, Eastern, Western and Southern Commands.

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