Questions

Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

 


To avoid the various foolish opinions to which mankind are prone, no superhuman brain is required. A few simple rules will keep you free, not from all errors, but from silly errors. If the matter is one that can be settled by observation, make the observation yourself. Aristotle could have avoided the mistake of thinking that women have fewer teeth than men, by the simple device of asking Mrs. Aristotle to keep her mouth open while he counted. Thinking that you know when in fact you do not is a bad mistake, to which we are all prone. I believe myself that hedgehogs eat black beetles, because I have been told that they do; but if I were writing a book on the habits of hedgehogs, I should not commit myself until I had seen one enjoying this diet. Aristotle, however, was less cautious. Ancient and medieval writers knew all about unicorns and salamanders; not one of them thought it necessary to avoid dogmatic statements about them because he had never seen one of them.

 

The author implies that

 

A) he has never seen hedgehogs eating beetles B) hedgehogs eat only black beetles
C) they do not eat black beetles D) he is writing a book on hedgehogs
 
Answer & Explanation Answer: A) he has never seen hedgehogs eating beetles

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Q:

Read the passage carefully and select the best answer to each question out of the given four alternatives.

 

The conclusion of World Trade Organization’s 11th biennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss as status quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators to reach even one substantive outcome suggests that WTO’s efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of trade through consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in India’s best interest.

 

Perhaps the biggest threat to WTO’s efficacy today is the attitude of the US. The world’s largest economy appears to have lost faith in the organisation and has begun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half of all cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of trade obstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock at WTO.

 

India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers to beneficiaries will be in sync with what developed countries do. But it’s important for India to enhance its efforts to reinvigorate WTO. In this context, India’s plan to organise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of a diverse set of nations. Therefore, India should be at the forefront of moves to fortify it.

 

Which of the following nation is keen to fortify its interest on WTO platform?

 

A) USA B) Japan
C) Russia D) India
 
Answer & Explanation Answer: D) India

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Q:

Which among the following is the slogan of Allahabad Bank?

A) A tradition of trust B) World wise
C) Honour your trust D) Invest with confidence
 
Answer & Explanation Answer: A) A tradition of trust

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Q:

Invisible export means export of ___________

A) services B) prohibited goods
C) restricted goods D) goods as per OGL list
 
Answer & Explanation Answer: A) services

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Q:

When an account is declared as Inoperative & Dormant Accounts?

A) Only after 2 years from the date of the lasttransaction B) Only after 3 years from the date of the lasttransaction
C) Only after 1 years from the date of the lasttransaction D) Only after 10 years from the date of thelast transaction
 
Answer & Explanation Answer: A) Only after 2 years from the date of the lasttransaction

Explanation:

Schedule bank’s account can be treated as inoperative account only after 2 years from the date of the last credit entry of interest on Fixed Deposit account as per RBI guidelines.

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Q:

Which is the first Indian State to go wholly organic ?

A) Meghalaya B) Sikkim
C) Manipur D) Assam
 
Answer & Explanation Answer: B) Sikkim

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Q:

Which type of foreign investment is considered as unsafe?

A) Foreign Direct Investment (FDI) B) Portfolio investment
C) NRI deposits D) External commercial borrowing
 
Answer & Explanation Answer: B) Portfolio investment

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Q:

Which country has the most coal reserves?

A) Russia B) India
C) China D) USA
 
Answer & Explanation Answer: D) USA

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