1. With reference to the revised definition of ‘small companies’ by the Ministry of Corporate Affairs, consider the following:
- Paid-up capital should not exceed Rs 2 crore.
- Turnover should not exceed Rs 40 crore.
Which of the above statements is/are correct?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: B [Only 2]
Notes:
The Ministry of Corporate Affairs revised the ‘small companies’ definition in 2023, increasing the paid-up capital threshold to not exceeding Rs 4 crore (so Statement 1 is incorrect), and turnover to not exceeding Rs 40 crore (Statement 2 is correct). Thus, only Statement 2 is correct as per the latest notified thresholds.
2. Consider the following observances:
- World Mental Health Day
- World Environment Day
- World Water Day
- International Women’s Day
Starting from January, which of the following is correct order of the above?
[A] 1 2 3 4
[B] 3 2 4 1
[C] 3 2 1 4
[D] 4 3 2 1
Show Answer
Correct Answer: D [4 3 2 1]
Notes:- International Women’s Day (March 8th): International Women’s Day celebrates the social, economic, cultural, and political achievements of women around the world. It also calls attention to gender inequality and advocates for women’s rights, gender equity, and women’s empowerment.
- World Water Day (March 22nd): World Water Day highlights the importance of freshwater resources and advocates for the sustainable management of water. It addresses issues like water scarcity, water quality, and equitable access to clean water for all.
- World Environment Day (June 5th): World Environment Day focuses on environmental protection and sustainability. It is a platform for raising awareness about pressing environmental issues, such as climate change, deforestation, and pollution, and encourages people to take action to protect the planet.
- World Mental Health Day (October 10th): World Mental Health Day is observed globally to raise awareness about mental health issues and reduce the stigma associated with mental illness. It promotes mental well-being and encourages individuals and communities to seek help and support for mental health concerns.
3. Consider the following statements about Patrice Lumumba:
- He was the first Prime Minister of Congo after liberation from Britain in 1960.
- He belonged to the Nandi group, an ethnic African tribe.
Which of the statements given above is/are correct?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: D [Neither 1 nor 2]
Notes:- Koitalel Arap Samoei was a spiritual leader in Kenya. He was killed in 1905 when the country was under Britain’s colonial rule. He belonged to the Nandi group, an East African ethnic tribe based in Kenya.
- Patrice Lumumba was the hero of the Congo’s freedom movement who went on to become its first Prime Minister after liberation from Belgium in 1960.
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