Q:

Which one of the following events is not correctly matched with the year in which it happened?

A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985 B) Conclusion of the Uruguay Round of GATT—1994
C) Inauguration of the World Trade Organization—1995 D) Establishment of the first wholly electronic stock exchange (Nasdaq)—1971
 
Answer & Explanation Answer: A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985

Explanation:

•SWIFT was founded in the 1970s, based on the ambitious and innovative vision of creating a global financial messaging service, and a common language for international financial messaging.

•The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties".

•The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement.

•Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world's first electronic stock market.

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Exam Prep: Bank Exams

0 703
Q:

Which of the following statements about the Ordinance-making power of the Governor is/are correct?1. It is a discretionary power.2. The Governor himself is not competent to withdraw the Ordinance at any time.Select the correct answer using the code given below.

A) 1 only B) 2 only
C) Both 1 and 2 D) Neither 1 nor 2
 
Answer & Explanation Answer: D) Neither 1 nor 2

Explanation:

The State Executive has temporary law-making power in emergent situations under the Constitution of India. And the Governor is the head of the State Executive. So, the ordinance making power confers on him by the Constitution itself. But this is not a discretionary power. The ordinance making power of the Governor is co-extensive with the legislative power of the State Legislature to make laws. He can promulgate ordinances only on the subjects on which the State Legislature has power to make laws under the Constitution.

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1 1612
Q:

Which one among the following States of India has the largest number of seats in its Legislative Assembly?

A) West Bengal B) Bihar
C) Madhya Pradesh D) Tamil Nadu
 
Answer & Explanation Answer: A) West Bengal

Explanation:
West Bengal: 295
Bihar: 243
Madhya Pradesh: 231
Tamil Nadu: 235
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1 1080
Q:

Which one of the following statements about Buddhist Stupas in India is not correct?

A) Ashoka played an important role in popularizing the Stupa cult. B) They were repositories of relics of Buddha and other monks.
C) They were located in rural areas. D) They were located close to trade routes.
 
Answer & Explanation Answer: C) They were located in rural areas.

Explanation:

A stupa is a mound-like or hemispherical structure containing relics that is used as a place of meditation.Buddhist sources claim that during the 3rd century BCE, the Mauryan Emperor Ashoka the Great ordered these eight stupas to be opened, further distributed the relics of the Buddha into 84,000 portions, and had stupas built over them all over the expanding Buddhist world.They were located on trade routes in order to propagate Buddhism.However, there were no evidence of them being located in rural areas.

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2 2310
Q:

Which Buddhist text contains an account of the Mauiyan Emperor Ashoka?

A) Vinaya Pitaka B) Sutta Pitaka
C) Abhidhamma Pitaka D) Mahavamsa
 
Answer & Explanation Answer: D) Mahavamsa

Explanation:

The contents of the Mahavamsa can be broadly divided into four categories:

The Buddha's Visits to Ceylon: This material recounts three legendary visits by the Buddha to the island of Ceylon.

Chronicles of Kings of Ceylon: This material consists of genealogies and lineages of kings of Ceylon, sometimes with stories about their succession or notable incidents in their reigns

History of the Buddhist Sangha: This section of the Mahavamsa deals with the mission sent by Emperor Ashoka to Ceylon, the transplantation of the bodhi tree, and the founding of the Mahavihara. It includes the names of prominent monks and nuns in the early Sri Lankan sangha. It also includes accounts of the early Buddhist councils and the first recording of the Pali canon in writing.

Chronicles of Ceylon: This material begins with the immigration of King Vijaya from India with his retinue and continues until the reign of King Mahasena, recounting wars, succession disputes, building of stupas and reliquaries, and other notable incidents.

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2 1215
Q:

The idea of ‘Farr-i Izadi’, on which the Mughal kingship was based, was first developed by which one of the following Sufi saints?

A) Shihabuddin Suhrawardi B) Nizamuddin Auliya
C) Ibn al-Arabi D) Bayazid Bistami
 
Answer & Explanation Answer: A) Shihabuddin Suhrawardi

Explanation:

Abul Fazl placed Mughal kingship as the highest station in the hierarchy of objects receiving light emanating from God (farr-i izadi). Abul Fazl was inspired by a famous Iranian Sufi, Shihabuddin Suhrawardi who first developed this idea. According to this idea, there was a hierarchy in which the Divine Light was transmitted to the king who then became the source of spiritual guidance for his subjects.

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2 4293
Q:

Name the platform used for ritual purposes by the kings of the Vijayanaggira Empire.

A) Mahanavami Dibba B) Lotus Mahal
C) Hazara Rama D) Virupaksha
 
Answer & Explanation Answer: A) Mahanavami Dibba

Explanation:

Dasara Dibba or the Mahanavami Dibba is a beautiful stone platform located within the Royal Enclosure of Hampi. It was built during the Vijayanagara period by King Krishnadevaraya to commemorate his victory over Udaygiri. It was here where the King of Vijayanagar used to celebrate the festival of Dasara (Dussehra)

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1 1128
Q:

Who among the following was the founder of Phoenix Settlement?

A) Mahatma Gandhi B) B. R. Ambedkar
C) Rabindranath Tagore D) Swami Vivekananda
 
Answer & Explanation Answer: A) Mahatma Gandhi

Explanation:

The Phoenix Settlement, established by Gandhiji near Durban in 1904, was formally reopened on February 27, 2000, at a ceremony attended by the President of South Africa, the Zulu King Goodwill Zwelithini and many other leaders.The settlement -the first Ashram of Gandhiji -had been damaged in 1985 riots when some African squatters occupied much of the settlement and named it Bambayi. Though the Indian community was deeply distressed, it refrained from seeking the forcible eviction of the squatters. The Phoenix Settlement Trust, with financial assistance from the Government of India, recently restored Gandhiji's house and established aclinic, an HIV/Aids Centre and other facilities to serve all the people in the area, African and Indian

 

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2 1007