Questions

Q:

Time period of Annual Plans was ___________.

A) 1990-1992 B) 1987-1990
C) 1992-1994 D) No option is correct
 
Answer & Explanation Answer: A) 1990-1992

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Q:

In economics secondary effects refer to the

A)  best alternative that must be forgone as the result of a choice. B) immediate and visible intended consequences of a change.
C) impact of the scarcity of resources on the scarcity of the goods that are produced with those resources. D) unintended consequences of a change that are not immediately identifiable but are felt only with time.
 
Answer & Explanation Answer: B) immediate and visible intended consequences of a change.

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Q:

According to the Election Commission of India, in order to be recognized as a ‘National Party’, a political party must be treated as a recognized political party in how many States?

 

A) At least two States B) At least three States
C) At least four States D) At least five States
 
Answer & Explanation Answer: C) At least four States

Explanation:

Trinamool Congress became the 7th political party to be recognized as a National Party in September 2016.

Conditions for Recognition as a National Party

1. Secure at least 6% of the valid vote in an Assembly or a Lok Sabha General Election in any four or more states and won at least 4 seats in a Lok Sabha General Election from any State or States.

2. Win at least 2% of the total Lok Sabha seats in a Lok Sabha General Election and these seats have to be won from at least 3 states.

3. The party is recognized as a State Party in at least four states.

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Q:

On 26 July 2017, the Parliament passed the Collection of Statistics (Amendment) Bill, 2017. This Bill extends jurisdiction of the act to which state?

A) Manipur B) Assam  
C) Jammu and Kashmir D) Nagaland
 
Answer & Explanation Answer: C) Jammu and Kashmir

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Q:

Which of the following Cryptocurrency Dealers launched India’s first mobile ‘Bitcoin trading' app for transacting in virtual currencies?

A) EtherDelta Exchange B) BitFin Exchange
C) Venus Exchange D) Pluto Exchange
 
Answer & Explanation Answer: D) Pluto Exchange

Explanation:

Pluto Exchange, a Dubai-based Cryptocurrency Dealer has launched the India’s first mobile ‘Bitcoin trading app’ fortransacting in virtual currencies. Users of Pluto Exchange’s app will be able to buy, sell, store and spend bitcoins via mobile number using four-digit Personal Identification Number (PIN).

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Q:

In December 2017, SEBI tightened rating agency norms. The net worth requirement for rating agencies has now been increased from Rs 5 crore to ______.

A) Rs 10 crore   B) Rs 15 crore
C) Rs 20 crore D) Rs 25 crore
 
Answer & Explanation Answer: D) Rs 25 crore

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Q:

Which of the following is called 'The queen of Arabian sea'?

A) Mumbai B) Thiruvananthapuram
C) Kochi D) Surat
 
Answer & Explanation Answer: C) Kochi

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Q:

A person is disqualified for being chosen as, and for being, a Member of either House of the Parliament if the person

1. holds any office of profit under the Government of India or the Government of any State other than an office declared by the Parliament by law not to disqualify its holder

2. is an undischarged insolvent

3. is so disqualified under the Tenth Schedule of the Constitution of India

4. is of unsound mind and stands so declared by a competent Court

Select the correct answer using the code given below.

A) 1, 2 and 4 only B) 1, 2, 3 and 4
C) 3 and 4 only D) 1, 2 and 3 only
 
Answer & Explanation Answer: B) 1, 2, 3 and 4

Explanation:

Disqualification of MP's and MLA's on the ground of holding office of profit is a controversial topic of nation-wide debate. It began with the disqualification of Samajwadi Party MP Jaya Bachchan from Rajya Sabha on March 17, 2006 with retrospective effect from July 14, 2004.There are separate provisions of disqualification for the Members of Parliament and MLAs. Our constitution clearly mentions that the Parliament has the power to make a law in respect to the issue of qualification and disqualification of the membership in case:

(i) He holds any office of profit under the Government of India or of any state, other than an office declared by a law of Parliament not to disqualify its holder.

(ii) He is of unsound mind and stand so declared by a competent court.

(iii) He is an undischarged insolvent.

(iv) He is not a citizen of India or has voluntarily acquired the citizenship of a foreign state, or is under any acknowledgement or allegiance or adherence to a foreign state, and

(v) It is he so disqualified by or under any law of Parliament. It applies to the case of 'defection' as prescribed in tenth schedule.

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