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Q:

The  Most  Favoured  Nation  (MFN)  Clause under   WTO   regimeis   based   on   the principle of 

A) non-discrimination between nations B) discrimination between nations
C) differential  treatment  between  locals and foreigners D) uniform tariff across commodities
 
Answer & Explanation Answer: A) non-discrimination between nations

Explanation:

In   Most-favoured-nation countries cannot normally discriminate between their trading partners.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which  one  of  the  following  indices  is  now used  by  the  Reserve  Bank  of  India  to measure the rate of inflation in India?

A) NASDAQ Index B) BSE Index
C) Consumer Price Index D) Wholesale Price Index
 
Answer & Explanation Answer: C) Consumer Price Index

Explanation:

The  Wholesale  Price  Index  (WPI) was  main  index  for  measurement of  inflation  in  India  till  April  2014 when  RBI  adopted  new  Consumer Price   Index   (CPI)   as   the   key measure of inflation.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

2 684
Q:

Which   one   of   the   following   intellectual property rights is protected without making any registration?

A) Copyright B) Patent
C) Industrial design D) Trademark
 
Answer & Explanation Answer: C) Industrial design

Explanation:

Registration  for  Industrial  design  is not made.  For instance,  if Coca Cola is  making  bottle  for  soft  drink  then Pepsi  can  also  make  same  designed bottles for its own soft drinks.

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Filed Under: General Awareness
Exam Prep: Bank Exams

0 469
Q:

Which   one   of   the   following   statements relating  to  protection  against arrest  and detention  of  individuals  under  Article  22  is not correct?

A) No  person  who  is  arrested  shall  be detained   in   custody   without   being informed   of   the   grounds   for   such arrest. B) No  person  shall  be  denied  the  right  to consult,  and  be  defended  by,  a  legal practitioner of his/her choice.
C) Every   person   who   is   arrested   and detained  in  custody  shall  be  produced before  the  nearest  magistrate  within  a period of one week of suc D) The  right  to  protection  against  is  not available to a person in jail pursuant to a judicial order.
 
Answer & Explanation Answer: C) Every   person   who   is   arrested   and detained  in  custody  shall  be  produced before  the  nearest  magistrate  within  a period of one week of suc

Explanation:

Every  person  who  is  arrested  and detained    in    custody    shall    be produced    before    the    nearest magistrate   within   a   period   of twenty-four  hours  of  such  arrest excluding  the  time  necessary  for the   journey   from   the   place   of arrest    to    the    court    of    the magistrate   and   no   such   person shall    be    detained    in    custody beyond the said period without the authority of a magistrate.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which one of the following statements regarding freedom to manage religious affairs as per the Constitution of India is notcorrect?

 

A) Every religious denomination shall have the right to manage its own affairs in matters of religion except some minor communities. B) Every religion or any section thereof shall have the right to own and acquire movable and Immovable property.
C) Every religious community has the right to establish and maintain institutions for religious and charitable purpose. D) Every community has the right to manage its own affairs in matters of religion.
 
Answer & Explanation Answer: A) Every religious denomination shall have the right to manage its own affairs in matters of religion except some minor communities.

Explanation:

All  are  correct  except  A,  as  every religious denomination including minor communities shall have right to manage its own affairs.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which  of  the  following  statements  is/are correct  regarding  Right to  Education  in India?

1.Free  and  compulsory  education  should be provided to all children of the age of six to fourteen years.

2.The  imperative  of  the  provision  of  the Right  to  Education  Act,  2009  is  that schools  must  have  qualified  teachers and basic infrastructure.

3.There   should   be   quality   education without   any   discrimination   on   the ground of economic, social and cultural background.

Select  the  correct  answer  using  the  code given below.

A) 1, 2 and 3 B) 1 and 2 only
C) 1 and 3 only D) 3 only
 
Answer & Explanation Answer: A) 1, 2 and 3

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which     of     the     following     statements regarding  Article  21  of  the  Constitution  of India is/are correct?

1.Article  21  is  violated  when  the  under-trial   prisoners   are   detained   under judicial    custody    for    an    indefinite period.

2.Right  to life is  one  of  the basic  human rights  and  not  even  the  State  has  the authority to violate that right.

3.Under Article 21, the right of a woman to  make  reproductive  choices  is  not  a dimension of personal liberty.

Select  the  correct  answer  using the  code given below.

A) 1, 2 and 3 B) 1 and 2 only
C) 1 and 3 only D) 2 only
 
Answer & Explanation Answer: B) 1 and 2 only

Explanation:
All are correct except 3, as women always have the right to make reproductive choices.
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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which  of  the  following  statements  relating to  the  powers  of  the  President  of  India is/are correct?

1.The executive power of the Union shall be vested in the President.

2.The executive power shall be exercised by the  President only  through  officers subordinate to him.

3.The  supreme  command  of  the  defence forces of  the  Union  shall  be  vested  in the President.

Select  the  correct  answer  using  the  code given below.

A) 1, 2 and 3 B) 1 and 2 only
C) 1 and 3 only D) 3 only
 
Answer & Explanation Answer: D) 3 only

Explanation:

The  Presidentof  India  is  the  head of   the   executive   of   the   Union Government    and    all    executive powers are exercised by him or her either   directly   or   through   the subordinate  officers.  President  can appoint  the  important  officers  in Central  Government  including  the Attorney-General   for   India.   The supreme   commander   of   all   the defence  services  is  the  President and  in  this  capacity,  he  appoints the  chief  of  the  Army,  the  Naval and the Air Force.

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Filed Under: Indian Politics
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