- Chief Economist, IMF
- Deputy Governor, RBI
- Chief Economic Advisor
- Professor of Economics
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Statement : There have been quite a few incidents of highway robbery on the super expressway between cities A and B during recent months. Courses of Action : I. The local administration should immediately set up police tickets along the expressway to prevent robbery. II. The local administration should immediately close down the expressway till the robbers are apprehended. III. More and more people should be given training on how to tackle with the robbers.?
Answer: Option 1 Clearly, incidents of robbery can be practically averted only by tightening security arrangements and increasing vigilance by police. So, I follows. Neither II nor III follows as...
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Statement : Duty free technology parks where foreign firms can manufacture electronic hardware components are proposed to be established at various places in the country. Courses of Action : I. Government should immediately implement the proposal to augment the foreign currency reserve by exporting the products. II. Government should not implement the proposal as it will hinder indigenous production of hardware components.?
Answer: Option 1 The step discussed in the statement would surely give a boost to hardware industry and help our country to stand apart in this field. Thus, only I...
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Statement : Large number of people have become critically ill after consuming spurious liquor from a local shop. Courses of Action : I. The Government should immediately close down all the shops selling liquor till the stocks are tested for presence of toxicity. II. The owner of the liquor shop should be asked to leave the town and open a shop elsewhere. III. The owner of the liquor shop should immediately be arrested and tried for criminal negligence.?
Answer: Option 4 Clearly, the owner of the shop should be punished for selling spurious liquor. Further, attempts should be made to unearth other such unscrupulous liquor sellers by conducting...
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Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statement : No budgetary provision for the purpose of appointing additional faculty would be made in the context of institute's changed financial priorities. Assumptions : I. Appointment of faculty requires funds. II. There are areas other than appointment of faculty which require more financial attention.?
Answer: Option 5 The phrase 'budgetary provision for the purpose of appointing additional faculty' makes I implicit. Also, since no budgetary provision was provided for appointment of faculty in view...
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Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer : I. The Reserve bank of India has recently put restrictions on few small banks in the country. II. The small banks in the private and co-operative sector in India are not in a position to withstand the competitions of the bigger in the public sector.?
Answer: Option 2 The inability of the small banks to compete with the bigger ones shall not ensure security and good services to the customers, which is an essential concomitant...
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Position which came in to existence because of holding assets less than liabilities is considered as?
Answer: Option 4 Position which came in to existence because of holding assets less than liabilities is considered as net short in currency. An investor who is net short has...
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Position which came in to existence because of holding assets more than liabilities is considered as?
Answer: Option 1 Position which came in to existence because of holding assets more than liabilities is considered as net long in currency. Net long refers to a condition in...
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Statement : A large number of people visiting India from country X have been tested positive for carrying viruses of a killer disease. Courses of Action : I. The government of India should immediately put a complete ban on people coming to India from country X including those Indians who are settled in country X. II. The government of India should immediately set up detection centres at all its airports and seaports to identify and quarantine those who are tested positive.?
Answer: Option 2 Clearly, the non-infected persons should not be debarred from visiting India. So, only course II follows.
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Statement : There has been an unprecedented increase in use of malpractices by the students during various examinations held in the country this year. Courses of Action : I. All the concerned authorities conducting these examinations should immediately take effective measures to curb this menace. II. All those students who are detected to have used unfair means should be debarred from appearing in any of these examinations for the next three years. III. Using unfair means should immediately be made cognizable offence by passing necessary legislations.?
Answer: Option 2 Use of malpractices does away with the basic essence of examinations and hence it ought to be checked. So, I follows. Also, the fear of harsh punishments...
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Who among the following has been appointed the new Coach of the Indian Cricket team by the BCCI recently ?
Answer: Option 2 Anil Kumble was appointed the new Coach of the Indian Cricket team by the BCCI recently.
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