Bank PO Questions & Answers for IBPS Examinations

Bank PO Questions & Answers

Which major port of India does not possess a natural harbour?

May 1st, 2011 | Comment

Chennai Port does not posses a natural harbor because it has neither a rugged sea cost nor any river makes a mouth here.

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What is Hydrogen Corpus Fund?

March 5th, 2011 | Comment

The Ministry of Petroleum & Natural Gas, Government of India has set up a Hydrogen Corpus Fund on the use of hydrogen as an auto fuel. The Indian Oil Industry has to work synergistically and in close coordination with reputed technological institutions to make headway in this frontier area. With this object in mind, the Ministry has set up a Hydrogen Corpus Fund of Rs. 100 crore with contribution from Oil PSUs/OIDB as follows

OIDB - Rs. 40 crore
ONGC, IOC, GAIL - Rs. 16 crore each
HPCL, BPCL - - Rs. 6 crore each.

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Which refinery was set up as per the provisions of "Assam Acord"?

March 5th, 2011 | Comment

Numaligarh Refinery was set-up as a grass-root refinery at Numaligarh in the District of Golaghat (Assam) in fulfillment of the commitment made by Government of India in the historic “Assam Accord”, signed on 15th August, 1985 for providing the required thrust towards industrial and economic development of Assam. It started operation in 2000.

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What was the basic difference between the Economic Policy of Gandhi and Nehru?

March 5th, 2011 | Comment

The policy of the Congress Government led by Nehru was based upon the fact that there must be industrial development at all costs. Nehru wanted a country with Modern Large Scale Industries, a Large Army, a Strong Navy and Air Force and a socialist development in the country with "touch' of capitalism.
Gandhi, who was in favor of autonomous villages where Panchayats should perform the legislative, executive and Judicial functions, did not find any place in the government. The objection of Gandhi of developing large cities was rejected but Panchayati Raj with ‘modifications’ was accepted later.
A basic difference between Gandhi & Nehru's economic philosophies was that Gandhi wanted village as an independent unit, while Nehru wanted it a subordinate unit to a higher organization. Gandhi wanted a cottage based economy, Nehru dreamt of major Industries in India.

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What is FDI limit in Agriculture ?

January 8th, 2011 | Comment

In India 100% FDI is permissible via automatic route in following sub sectors of Agriculture and Animal Husbandry:

Sub sectors:

Floriculture, Horticulture, Development of Seeds, Animal Husbandry, Pisciculture, Aquaculture and Cultivation of Vegetables & Mushrooms under controlled conditions and services related to agro and allied sectors.

Apart from the above FDI is not allowed in any other agricultural sector/activity.

Companies dealing with Transgenic Seeds:

For companies dealing with development of transgenic seeds/vegetables, the following conditions apply:

When dealing with genetically modified seeds or planting material the company shall comply with safety requirements in accordance with laws enacted under the Environment (Protection) Act on the genetically modified organisms.
Any import of genetically modified materials if required shall be subject to the conditions laid down vide Notifications issued under Foreign Trade (Development and Regulation) Act, 1992.
The company shall comply with any other Law, Regulation or Policy governing genetically modified material in force from time to time.
Undertaking of business activities involving the use of genetically engineered cells and material shall be subject to the receipt of approvals from Genetic Engineering Approval Committee (GEAC) and Review Committee on Genetic Manipulation (RCGM).
Import of materials shall be in accordance with National Seeds Policy.

Meaning of Under controlled conditions

Floriculture, Horticulture, Cultivation of vegetables and Mushrooms

Cultivation under controlled conditions' for the categories of Floriculture, Horticulture, Cultivation of vegetables and Mushrooms is the practice of cultivation wherein rainfall, temperature, solar radiation, air humidity and culture medium are controlled artificially. Control in these parameters may be effected through protected cultivation under green houses, net houses, poly houses or any other improved infrastructure facilities where microclimatic conditions are regulated anthropogenically.
Development of Seeds

Development of seeds will be considered to be 'under controlled conditions' when seed farms/laboratories use tissue culture or any other micro-propagation techniques for development and multiplication of seeds/planting material. Seed development in the case of anthuriums, orchids and other ornamental crops in green houses/net houses/poly houses is also be included in this category.
Animal Husbandry

In case of Animal Husbandry, scope of the term 'under controlled conditions' includes –

Rearing of animals under intensive farming systems with stall-feeding. Intensive farming system will require climate systems (ventilation, temperature/humidity management), health care and nutrition, herd registering/pedigree recording, use of machinery, waste management systems.
Poultry:

Poultry breeding farms and hatcheries where microclimate is controlled through advanced technologies like incubators, ventilation systems etc.
Pisciculture & Aquaculture:

In the case of pisciculture and aquaculture, 'under controlled conditions' includes –
Aquariums
Hatcheries where eggs are artificially fertilized and fry are hatched and incubated in an enclosed environment with artificial climate control.