Quiz 485: Current General Awareness Questions for All Examinations January 26, 2011 1. The ancient Indian text Panchasiddhantika deals with the 5 principles of which among the following?Vedic RitualsPhilosophyAstronomyMedicine2. The name of Professor Guru Dutt Sondhi is known behind the foundation of which among the following?Olympic Association of IndiaAsian Games FederationIndian Premier LeagueIndian Badminton League3. Zero tax rate would produce zero revenue and a 100% tax rate would also generate zero revenue, because there would be no incentive to work. This principle is also known as which among the following?Beveridge curveHubbert curveLaffer curveEngel curve4. Which among the following kinds of Chemical reactions cause the rocks turn red or yellowish?HydrationOxidationCarbonationExfoliation5. Consider the following statements regarding the Capital Inflows: Current Account flows are permanent while Capital Account Flows are reversible Current Account flows arise out of transactions in services while Capital account inflows arise out of transactions in goods. The Government needs to keep a close eye on the Capital Account flows because they may get reversed. Which among the above statements is/ are correct?Only 1 & 3Only 2 & 3Only 1All 1, 2 & 36. Consider the following statements: An Indian Depository Receipt (IDR) declares ownership of shares of a Foreign Company An Indian Depository Receipt is essentially traded in Indian Rupees. An IDR can be converted into Underlying shares with approval of RBI Which among the above statements is / are correct?Only 1 & 2Only 2 & 3Only 1 & 3All 1, 2 & 37. When the Central Bank feels that the asset prices in the country are near a bubble situation, it will most probably take the following steps?Inject liquidity in the system by conducting Open Market OperationsExtract liquidity from the system by buying out rupeesInform the Government to tone down the market borrowingsAll of above measures will be taken8. In the Budget session, which among the following is known as ‘guillotine’?General discussion on the BudgetThe speaker puts all the outstanding demands to voteThe opposition expresses desire to bring a cut motionThe demand for grants are cut by Re. 19. Consider the following statements: Companies use the Sweat Equity for retaining best employees The sweat equity issued during a year should not exceed 15% of the total paid-up capital of the company or a value of Rs 5 crore, whichever is higher. To issue sweat equity above this level, the approval from the Central Government is required Which among the above statements is / are correct?1 & 21 2 & 32 & 31 & 310. In ancient India, the area around which among the following modern areas was known as “Golden Chersonese” ?Kashmir, Hindukush, AfghanistanMalaysia, Thailand, Singapore, BurmaAustralia, New ZealandIran, Iraq and Persian GulfSubmit Test « Previous Next »