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November Quiz
Question 1/5
Q1. Which one of the following statements best explains the meaning of the 'Nostro account', often seen in the news?
A
An account a person opens in a foreign bank in order to evade tax.
B
An account that a bank holds in a foreign currency in another bank.
C
Account of one bank that other banks have on its books in its home currency.
D
None of the above.
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Question 2/5
Q2. Recently seen in the news, 'Yudh Abhyas' is an exercise between India and which one of the following countries?
A
United Kingdom
B
United States of America
C
France
D
Israel
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Question 3/5
Q3. With respect to resolution in United Nations, consider the following statements:
Statement-I:
Resolutions are the formal expression of opinion or will of UN organs.
Statement-II:
All resolutions passed in UN General Assembly are recommendatory in nature.
Which one of the following is correct in respect of the above statements?
A
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
B
Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
C
Statement-I is correct but Statement-II is incorrect
D
Statement-I is incorrect but Statement-II is correct
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Question 4/5
Q4. With reference to the National List of Essential Medicines (NLEM), consider the following statements:
The NLEM was launched for the first time in 1996 in India, along the lines of the World Health Organisation’s (WHO) Essential List of Medicines (ELM).
The National Health Authority fixes the ceiling price of all scheduled formulations appearing in the NLEM.
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
Submit
Question 5/5
Q5. Consider the following statements regarding National Anti-Profiteering Authority (NAA):
It is a statutory body constituted under the Central Goods and Services Tax (GST) Act, 2017.
Its core function is to ensure that the benefit of a reduction in GST rates on goods or services by the GST Council is passed on to the customers.
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
Submit
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