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Generan Knowiedpe for XAT
Economic Inequality leads to: (a) Class conflicts (b) Esploitation (c) Moral degradation (d) Slow capital accumulation
Public Distribution System (PDS) is operated under the responsibility of the: 1. Central Government 2. State Government Choone the correct anwer from the codes given belowes (a) (c) only Both 1 and 2 (d) Neither 1 nor 2 (b) 2 only 112
Solution: c. both the central and state governments shared the responsibility of regulating the PDS. While the central government is responsible for procurement, storage, transportation, and bulk allocation of food grains, state governments hold the responsibility for distributing the same to the consumers through the established network of Fair Price Shops (FPSs). State governments are also responsible for operational responsibilities including allocation and identification of families below poverty line, issue of ration cards, supervision and monitoring the functioning of FPS
Which among the following is the oldest Public Sector Bank in India? (a) Punjab National Bank (b) (c) (d) Imperial Bank of India Allahabad Bank Central Bank of India k13
Solution: c. Allahabad Bank began operations in 1865.
Which of the following Public Sector Undertakings (PSUs) has most recently been accorded the Maharatna Status? (a) Coal India Limited (CIL) (b Bhat Heavy Electrical Limited (BHEL) (c) Oil India Limited (OIL) (d) Gas Authority of India Limited (GAIL) 114
Solution: b. BHEL was accorded the Maharatna status on 4th February 2013
Which among the following may not lead to Inflation? (a) Deficit financing of Government spending (b) High Indirect Taxes (c) Drop in currency rates (d) Drop in public expenditure 116
Consider the following statement After 1991, Reserve bank of India has become more independent in framing monetary and fiscal policy. 2. Private sector banks (PSBs) are now dominating the commercial banking system Which of the statements given above are correct? (a) c) 1 only Both 1 and 2 (d) Neither 1 nor 2 (b) 2 only 119
Solution: d. After 1991, Reserve bank of India has become more independent in framing monetary policy, as fiscal policy is prerogative of the Government of the day. Public Sector Banks dominate 75% of deposits and 71% of advances in the banking industry. Public Sector Banks dominate commercial banking in India.
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