Q1. The Debenture Redemption Reserve (DRR) is
a)  a provision stating that any Indian corporation that issues debentures must create a debenture redemption service, to protect investors from defaulters.
b) a reserve that has to be maintained by banks for carrying out daily activities.
c) to be funded by the Venture Capitalists.
d) None of the above.
ANS: a

Q2. Consider the following statements about the Corporate Tax in India:
1) At present, the corporate tax rate stands at 30% for all companies, which is one of the highest corporate tax rates in the world.
2) All the business corporates, including small startups have to pay a surcharge of 15% on their tax payments.
Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Ans: a

Q3. Consider the following statements:
1) The first Vedanta Society was  established in 1894 in New  York by Swami Vivekananda.
2) Swami Vivekananda believed in merger of the best practices of the east and west culture and also wrote a book ‘The East And the West’.
Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
ANS: c

Q4.Mangdechhu Hydroelectric power plant, recently seen in the news, is located in
a) India
b) Nepal
c) Bhutan
d) Myanmar
ANS: c

Q5.Consider the following statements about the term ‘Darknet’:
1) It refers to encrypted online content that is not indexed by conventional search engines.
2) It is used by government agencies to ensure secure access of their sites.
Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
ANS: a

Mains Question:
Q. Discuss some of the teachings of Swami Vivekananda that may be imbibed in our political structure   to ensure that ‘Secular’ character of Indian Polity is maintained.

 

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