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Q:

FERA stands for 

A) Foreign Exchange Regulation Agency B) Foreign Exchange Repulsive Agent
C) Foreign Expert Regulation Act D) Foreign Exchange Regulation Act
 
Answer & Explanation Answer: D) Foreign Exchange Regulation Act

Explanation:

FERA stands for Foreign Exchange Regulation Act.

 

  • It came into existence in 1973.
  • FERA lays emphasis on the regulation of currencies.

 

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Q:

Under Article 352 of the Constitution of India, an emergency can be declared if security of any part of India is threatened by 1.war2.external aggression3.armed rebellion4.internal disturbanceSelect the correct answer using the code given below.

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

Explanation:

The 44th Constitutional Amendment Act, replaced the phrase ‘internal disturbance’ with the ‘armed rebellion’ to avoid its misuse by the government in power.

 

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Q:

In July 2017, the Government of India has increased the investment limit per fiscal year of ‘Sovereign Gold Bonds Scheme’ to ______ for individuals.

A) 5 kg B) 4 kg
C) 6 kg D) 10 kg
 
Answer & Explanation Answer: B) 4 kg

Explanation:
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Q:

Indian Constitution has how many Schedules?

A) 4 B) 8
C) 12 D) 16
 
Answer & Explanation Answer: B) 8

Explanation:
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Q:

On 12 April 2017, Parliament passed the HIV/AIDS (Prevention and Control) Bill, 2017. This Bill provides essential support to National AIDS control programme. It aims to achieve the target of ending this Epidemic by year ______.

A) 2025 B) 2022
C) 2030 D) 2020
 
Answer & Explanation Answer: C) 2030

Explanation:
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Q:

According to the distance of planets from the Sun, which of the following order is correct?

A) Mercury, Venus, Earth, Mars B) Mercury, Earth, Mars, Venus
C) Mercury, Mars, Earth, Venus D) Mercury, Mars, Venus, Earth
 
Answer & Explanation Answer: A) Mercury, Venus, Earth, Mars

Explanation:
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Q:

If price of an article decreases from Rs 80 to Rs 60, quantity demanded increases from 600 units to 750 units. Find point elasticity of demand?

A) -1 B) 1
C) -1.25 D) 1.25
 
Answer & Explanation Answer: A) -1

Explanation:
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Q:

Economic sanctions are mainly used to

A) to help international trade run smoothly. B) punish nations that disobey international law
C) to impose tariffs on vehicles at the border D) all the above
 
Answer & Explanation Answer: B) punish nations that disobey international law

Explanation:

A sanction is a punishment imposed on another nation, or on individual natives of another nation.


Economic sanctions are characterized as the withdrawal of standard exchange and money related relations for outside and security strategy purposes. They might be extensive, denying business movement as to a whole nation,...

 

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