Accounts Quiz

11. To whom does the CAG submit reports on Union accounts? (MPPSC State Service Prelims 2021)
[A] Chief Justice of India
[B] Prime Minister
[C] President
[D] Vice President

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12. Who founded the kingdom of Karush in present-day Baghelkhand according to Puranic accounts?
[A] Yadu
[B] Dadanaka
[C] Kush
[D] Karush

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13. Which institution has launched the ‘Scheme for Facilitating Accelerated Payout of Inoperative Accounts and Unclaimed Deposits’?
[A] Securities and Exchange Board of India (SEBI)
[B] Ministry of Finance
[C] Insurance Regulatory and Development Authority (IRDAI)
[D] Reserve Bank of India (RBI)

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14. Consider the following statements regarding India’s energy mix:

  1. Coal accounts for over half of India’s installed electricity generation capacity.
  2. India’s renewable energy (including large hydro) now makes up around 45% of installed capacity.
  3. India is the world’s largest producer of crude oil due to recent discoveries.

Which of the above statements is/are correct?

[A] Only 1 and 2
[B] Only 1 and 3
[C] Only 2
[D] Only 2 and 3

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15. With reference to the tourism sector in India, consider the following statements:

  1. The tourism sector accounts for a significant share of India's employment.
  2. India is among the top five countries globally in international tourist arrivals.
  3. The PRASAD scheme focuses on infrastructure development at pilgrimage sites.

Select the correct answer using the codes given below:

[A] Only 1 and 3
[B] Only 1
[C] Only 2 and 3
[D] 1, 2 and 3

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16. Consider the following statements regarding India's IT & ITES industry:

  1. It accounts for over half of India's services exports.
  2. Most of India's IT industry is concentrated in a few major cities.
  3. The government's Startup India initiative has no relevance to the IT industry.

Which of the above statements is/are correct?

[A] 2 only
[B] 1 and 2 only
[C] 1 and 3 only
[D] 2 and 3 only

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17. Which of the following measures were part of the New Economic Policy (1991)?

  1. Deregulation of industrial licensing, ending the “License Raj”.
  2. Reduction of import tariffs and liberalization of trade policy.
  3. Encouragement of Foreign Direct Investment (FDI) in key sectors.
  4. Conversion of the rupee to a freely floating currency in both current and capital accounts.

Select the correct option from the codes given below:

[A] 1, 2 & 4 only
[B] 2 & 3 only
[C] 1, 3 & 4 only
[D] 1, 2 & 3 only

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18. Consider the following statements regarding India's industrial sector:

  1. Industry contributes about 25–30% of India's GDP, with manufacturing alone around 16–17%.
  2. Despite initiatives like Make in India, manufacturing's share of GDP has remained largely stagnant for decades.
  3. Construction accounts for nearly 8% of GDP and is a major source of employment.
  4. Since 1991, the share of public sector enterprises in industries like telecom and aviation has increased significantly.

Which of the above statements is / are correct?

[A] Only 2 and 4
[B] All the four
[C] Only 1, 2 and 3
[D] Only 1, 3 and 4

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19. Consider the following statements about Herodotus:

  1. He is often referred to as the “Father of History” and “Father of Geography”.
  2. He described the annual flooding of the Nile River in his works.
  3. He believed that the Earth is spherical with a tilted axis.
  4. His “Histories” contain detailed ethnographic and geographical accounts.

Which of the above statements is / are correct?

[A] Only 1, 2 and 4
[B] Only 2 and 3
[C] Only 1 and 3
[D] All are correct

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20. Consider the following statements:

  1. The Kalachuris were a prominent early medieval dynasty, with their capital at Mahishmati, believed to be located near present-day Mandhata Island.
  2. The Kalachuris ruled primarily over the region of Maharashtra and are credited with shaping its early medieval history.
  3. The legendary Haihaya ruler is associated with the foundation of Mahishmati, as mentioned in traditional accounts.
  4. The Kalachuris played a significant role in the cultural and architectural development of central India.

Which of the above statements is / are correct?

[A] Only 1, 3 and 4
[B] Only 1 and 2
[C] 1, 3 and 4
[D] All are correct

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