21) Which of the following explains the meaning of Prime Lending Rate (PLR) in India?
A) It is the rate at which the Reserve Bank of India borrows funds from all the other commercial banks in the country.
B) It is the interest rate at which banks lend to its most credit worthy customers.
C) It is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers.
D) It is the rate at which the Reserve Bank of India lends money to all the commercial banks in the country in the event of scarcity of funds.
View Answer
B) It is the interest rate at which banks lend to its most credit worthy customers.
Explanation:Prime Lending Rate (PLR) is the benchmark interest rate at which commercial banks lend to their most creditworthy (prime) customers; other lending rates are derived from it.
22) Who was the Finance Minister in 1991 when economic liberalisation began life in India?
A) VP Singh
B) PV Narsimha Rao
C) Manmohan Singh
D) Pranab Mukherjee
View Answer
C) Manmohan Singh
Explanation:Dr Manmohan Singh served as Finance Minister (1991–1996) under PM P.V. Narasimha Rao and architected India’s landmark economic liberalisation reforms of 1991.
23) Name the veto power that the President of India does NOT have, but the American President has and can exercise.
A) Pocket veto: Power to neither ratify nor reject nor return the bill but keep it pending for an indefinite period
B) Suspensive veto: Power to return a bill for reconsideration of the Parliament
C) Qualified veto: Where legislature can override the president with a higher majority
D) Absolute veto: Power to withhold his approval to any bill passed by the Parliament
View Answer
C) Qualified veto: Where legislature can override the president with a higher majority
Explanation:In the USA, Congress can override a Presidential veto with a two-thirds (supermajority) vote — this is the Qualified Veto. In India, Parliament needs only a simple majority to re-pass a bill, so the Indian President does NOT possess a Qualified Veto in the American sense.
24) Which of the following facts is NOT correct about the Governor of State in India?
A) The Governor holds the office for a period of 5 years.
B) The Governor is appointed by the President of India and not by direct or indirect voting.
C) Eligibility criteria for the Governor is that he/she should be minimum 25 years of age and a member of either the Lok Sabha or the Rajya Sabha.
D) The Governor is a nominal executive while the Chief Minister is the real executive.
View Answer
C) Eligibility criteria for the Governor is that he/she should be minimum 25 years of age and a member of either the Lok Sabha or the Rajya Sabha.
Explanation:Option C is incorrect: The correct eligibility for a Governor is a minimum age of 35 years (not 25), and the person must NOT be a sitting member of Parliament or any State Legislature.
25) On 17th August 1947, the ________ was declared as the boundary between India and Pakistan, following the partition of India.
A) McMahon Line
B) Durand Line
C) Radcliffe Line
D) Line of Control (LOC)
View Answer
C) Radcliffe Line
Explanation:The Radcliffe Line, drawn by Sir Cyril Radcliffe (Chairman of the Boundary Commission), was announced on 17 August 1947 as the partition boundary between India and Pakistan.
26) Who is known as the ‘Napoleon of India’ because of his great military conquests?
A) Skandagupta
B) Samudragupta
C) Chandragupta II
D) Kumaragupta I
View Answer
B) Samudragupta
Explanation:Samudragupta of the Gupta Empire (c.335–375 CE) is called the ‘Napoleon of India’ by historian V.A. Smith due to his sweeping military campaigns across the subcontinent.
27) Name the Sufi saint to whom a famous shrine situated in Ajmer, Rajasthan is dedicated.
A) Sayyed Peer Haji Ali Shah Bukhari
B) Nizamuddin Auliya
C) Hazrat Khwaja Moinuddin Chishti
D) Alauddin Sabir Kaliyari
View Answer
C) Hazrat Khwaja Moinuddin Chishti
Explanation:The Dargah of Hazrat Khwaja Moinuddin Chishti (founder of the Chishti Sufi Order in India) is situated in Ajmer, Rajasthan, and is one of the most revered shrines in the world.
28) ‘Hemis Festival’ is an annual two-day fiesta and marks the birth anniversary of Guru Padmasambhava. In which of the following places is this festival held?
A) Ladakh
B) Odisha
C) Karnataka
D) Tamil Nadu
View Answer
A) Ladakh
Explanation:Hemis Festival is celebrated at Hemis Monastery in Ladakh to commemorate the birth anniversary of Guru Padmasambhava (Guru Rinpoche).
29) Human Development Index (HDI) is a composite statistic (index) that measures key dimensions of human development. Which of the below dimensions is NOT a part of HDI?
A) A long and healthy life
B) Contribution to the society and environment
C) Being knowledgeable
D) A decent standard of living
View Answer
B) Contribution to the society and environment
Explanation:HDI’s three dimensions are: (1) Long and healthy life, (2) Knowledge (being knowledgeable), and (3) Decent standard of living. “Contribution to society and environment” is NOT a dimension of HDI.
30) Name the ‘Rocket Man’ who heads the Indian Space Research Organisation (ISRO), and had addressed the nation after the successful launch of Chandrayaan-2.
A) AS Kiran Kumar
B) Dr VR Lalithambika
C) RituKaridhal Srivastava
D) Kailasavadivoo Sivan
View Answer
D) Kailasavadivoo Sivan
Explanation:Dr K. Sivan (Kailasavadivoo Sivan), popularly called ‘Rocket Man of India’, was ISRO Chairman during the Chandrayaan-2 mission (July 2019).
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