Professional Documents
Culture Documents
Ans 1. Activity ratios are primarily measures of returns. Activity ratios are financial analysis tools used to gauge the
ability of a business to convert various assets, liability and capital accounts into cash or sales. The faster a business is able
to convert its assets into cash or sales, the more efficient it runs.
Ans 2 Consignment stock is an asset that belongs to the consignor and hence, shown on the asset side of the balance sheet
of the consignor, prepared at the end of a period.
The consignment stock shall be recorded at invoice value reduced by stock reserve.
Ans 4. Joint venture account is credited and personal account of others co-venturer account is debited in case of sale made
by other co-venturers. Balance in the joint venture accounts represents profit or loss and later that amount of profit or loss
will be transferred to the personal accounts of co-venturers
Ans 5. Technically speaking, in bookkeeping terms, the branch account r nominal ledger account. At the period's end,
the branch tallies up its figures and arrives at ending balances, which are then transferred to the appropriate head office or
head department accounts.
Ans 15. Sales returns' will reduce the income generated from sales (as some of the customers sent the goods back) so go
on the debit side. Purchases are an expense which would go on the debit side of the trial balance. 'Purchases returns' will
reduce the expense so go on the credit side.
Ans 16. Ledger is the principal book of accounts where similar transactions relating to a particular person or property or
expenses are recorded. It is a set of accounts. It contains all accounts of business enterprises whether real, nominal or
personal.
Ans 18. Consistency - In order to achieve comparability of the financial statements of an enterprise through time, the
accounting policies are followed consistently from one period to another; a change in an accounting policy is made only
in certain exceptional circumstances.
An enterprise should change its accounting policy in any of the following circumstances only:
1. To bring the books of accounts in accordance with the issued Accounting Standards.
2. To comply with the provision of law.
3 .When under changed circumstances it is felt that new method will reflect more true and fair picture in financial
statements
Ans 21. In 1944, the International Labour Conference met in Philadelphia, USA, and adopted the Declaration of
Philadelphia. This redefined the aims and purpose of the ILO by adopting the following principles:
• Labour is not a commodity.
• Freedom of expression and of association are essential to sustained progress.
• Poverty anywhere constitutes a danger to prosperity everywhere.
• All human beings, irrespective of race, creed, or sex, have the right to pursue both their material wellbeing and their
spiritual development in conditions of freedom and dignity, of economic security, and of equal opportunity.
Ans 22. Some of the important objectives of the Labour laws are as follows:
• To improve Industrial Relation i.e. employee-employer relations.
• Minimise the Industrial Disputes.
• Protect workers from exploitation.
• Help workers in getting fair wages.
• Minimise the labour unrest & reduce conflicts and strikes etc.
• Ensure job security for workers.
• Promote healthy environment conditions in workplace.
• Provide compensation to workers in case of accidents.
Ans 23. The PMJJBY is available to people in the age group of 18 to 50 years having a bank account who give their
consent to join / enable auto-debit. Aadhar would be the primary KYC for the bank account. The life cover of Rs. 2 lakhs
shall be for the one-year period stretching from 1st June to 31st May and will be renewable. Risk coverage under this
scheme is for Rs. 2 Lakh in case of death of the insured, due to any reason. The premium is Rs. 330 per annum which is to
be auto-debited in one instalment from the subscriber’s bank account as per the option given by him on or before 31st
May of each annual coverage period under the scheme. The scheme is being offered by Life Insurance Corporation and all
other life insurers who are
Ans 25. The Factory act of 1881 was passed during Lord Rippon’s time on the recommendation of Bombay Factory
Commission in 1875
Ans 26. The State Governments carry out the administration of the Act through:
(i) Inspecting Staff
(ii) Certifying Surgeons
(iii) Welfare Officers
(iv) Safety Officers
Ans 27. The minimum wages act was enacted with the main objective of eliminating the exploitation made under
bargaining method. The minimum wages are fixed with Notification and Committee method under the act.
Ans 31. The main defect of the Act was that no provision was has been made to render the proceedings unstatutable under
the Act while restraint had been imposed on the right of strike and lock-out in the public utility services.
Ans 32. According to Section 6 of the Act, the appropriate Government may as occasion arises, by notification in the
Official Gazette constitute a Court of Inquiry into any matter appearing to be connected with or relevant to an industrial
dispute. A Court may consist of one independent person or of such number of independent persons as the appropriate
Government may think fit and where a Court consists of two or more members, one of them shall be appointed as the
Chairman. It is the duty of such a Court to inquire into matters referred to it and submit its report to the appropriate
Government ordinarily within a period of six months from the commencement of the inquiry. The period within which the
report is to be submitted is not mandatory and the report may be submitted even beyond the period of six months without
affecting the legality of the inquiry.
Ans 33. In Randhir Singh vs. Union of India, the Supreme Court has held that although the principle of ’equal pay for
equal work’ is not expressly declared by our Constitution to be a fundamental right, it is certainly a constitutional goal
under Articles 14, 16 and 39 (c) of the Constitution. This right can, therefore, be enforced in cases of unequal pay scales
based on irrational classification. This decision has been followed in a number of cases by the Supreme Court.
Ans 37. Nursing breaks. -- Every woman delivered of a child who returns to duty after such delivery shall, in addition to
the interval for rest allowed to her, be allowed in the course Page 7 of her daily work two breaks of the prescribed
duration for nursing the child until the child attains the age of fifteen months.
Ans 39. The UAN is a 12-digit number allotted to employee who is contributing to EPF will be generated for each of the
PF member by EPFO. For example, 111222333444. *The UAN will act as an umbrella for the multiple Member Ids
allotted to an individual by different establishments and also remains same through the lifetime of an employee. *It does
not change with the change in jobs. The idea is to link multiple Member Identification Numbers (Member Id) allotted to a
single member under single Universal Account Number. This will help the member to view details of all the Member
Identification Numbers (Member Id) linked to it.
Ans 42. Article 51: Promotion of International Peace and Security. The State shall endeavour to-
A. promote international peace and security
B. maintain just and honourable relations between nations
C. foster respect for international law and treaty obligations in the dealings of organised people with one another
D. encourage settlement of international disputes by arbitration
Ans 43. The National Population Register (NPR) is a Register of usual residents of the country. It is being prepared at the
local (Village/sub-Town), sub-District, District, State and National level under provisions of the Citizenship Act 1955 and
the Citizenship (Registration of Citizens and issue of National Identity Cards) Rules, 2003. It is mandatory for every usual
resident of India to register in the NPR. A usual resident is defined for the purposes of NPR as a person who has resided
in a local area for the past 6 months or more or a person who intends to reside in that area for the next 6 months or more.
Section 14A in the Citizenship Act, 1955. (1) The Central Government may compulsorily register every citizen of India
and issue national identity card to him. (2) The Central Government may maintain a National Register of Indian Citizens
and for that purpose establish a National Registration Authority. It provides the legal basis for NPR preparation but does
not link it with Census and NRC.
Ans 44. Article 257 of the Indian Constitution provides control of the Union over states in certain cases. Article 258 deals
with the power of the Union to confer power on states in certain cases.
Ans 45. The modern concept of parliamentary government emerged in the Kingdom of Great Britain between 1707–1800
AD.
Ans 46. Though the state election commissioner is appointed by the Governor, he can be removed only by the President
(and not by the governor). Thus, the correct answer is (C). They can be removed on the same ground as the members of
UPSC. Other than this, he/she can also be removed on other grounds like Misbehavior, for which matter should be
referred to the Supreme Court. If stands guilty, the President should remove the person as the advice tendered is binding
in nature.
Ans 47. * In September 2015, the Development Monitoring and Evaluation Office (DMEO) was created by a merger of
the former Program Evaluation Office (PEO) and the Independent Evaluation Office (IEO).
* Under NITI Aayog, it is an attached office to fulfill the monitoring and evaluation (M&E) mandate of the organization
and to build the M&E ecosystem in India.
* The objectives of DMEO is to enable data-driven policy making; to enable a culture of deep learning from regular self-
evaluation in all the tiers of the government.
Ans 48. * The Reserve Bank of India was established on 1 April 1935 in accordance with the provisions of the Reserve
Bank of India Act, 1934.
* India's central bank, Reserve Bank of India (RBI), controls the issue and supply of the Indian rupee. It is the regulator of
the entire Banking in India.
* It serves as the leader of the banking system and the money market. It regulates money supply and credit in the country.
Ans 49. The Planning Commission was constituted by an expert group under the chairmanship of Suresh Tendulkar. The
committee was constituted to review methodology for poverty estimation. The committee submitted its report in 2009
Ans 50. The World Bank Group consists of five member institutions: International Bank for Reconstruction and
Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC),
Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes
(ICSID). The inventory also comprises data from the Global Environment Facility (GEF).
Ans 51. The Human Development Index (HDI) was created to emphasise that people and their capabilities should be the
ultimate criteria for assessing the development of a country, not economic growth alone. The HDI can also be used to
question national policy choices, asking how two countries with the same level of GNI per capita can end up with
different human development outcomes.
It was developed by Indian economist Amartya Sen and then utilised by Pakistani economist Mahbub ul Haq. it was was
further used to measure a country's development by the United Nations Development Programme (UNDP)'s Human
Development Report Office.
Ans 52. No worker employed in any industry who has been in continuous service for not less than one year under an
employer shall be retrenched by that employer until the worker has been given one month's notice in writing indicating
the reasons for retrenchment and the period of notice has expired, or the worker has been paid in lieu of such notice,
wages for the period of the notice.
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Ans 73. Explanation: Quit India Movement
Also known as the India August Movement or August Kranti.
It was officially launched by the Indian National Congress (INC) led by Mahatma Gandhi on
9 August 1942.
The movement gave the slogans ‘Quit India’ or ‘Bharat Chodo’. Gandhi gave the slogan to
the people – ‘Do or die’.
In line with the Congress ideology, it was supposed to be a peaceful non-violent movement
aimed at urging the British to grant India independence.
The Quit India Resolution was passed by the Congress Working Committee on 8 August
1942 in Bombay. Gandhi was named the movement’s leader.
The resolution stated the provisions of the movement as:
1. An immediate end to British rule over India.
2. Declaration of the commitment of free India to defend itself against all kinds of
imperialism and fascism.
3. Formation of a provisional government of India after British withdrawal.
4. Sanctioning a civil disobedience movement against British rule.
Gandhi’s instructions to various sections of the public:
1. Government servants: do not resign your job but proclaim loyalty to the INC.
2. Soldiers: be with the army but refrain from firing on compatriots.
3. Peasants: pay the agreed-upon rent if the landlords/Zamindars are anti-government; if
they are pro-government, do not pay the rent.
4. Students: can leave studies if they are confident enough.
5. Princes: support the people and accept the sovereignty of them.
6. People of the princely states: support the ruler only if he is anti-government; declare
themselves as part of the Indian nation.
Ans 74. Explanation: Individual Satyagraha was the resultant of August offer.
It was started with the mass Civil Disobedience Movement but M.K Gandhi on Individual
Satyagraha.
This was movement for not only to seek independence but also to affirm the right of Speech.
The Congress once again asked Gandhi to take command towards the end of 1940 and that
was lead to a mass struggle with broad strategic perspective.
Aims of individual Satyagraha
To show that nationalist patience was not due to weakness
To express people’s feeling that they were not interested in the war and that they made no
distinction between Nazism and the double autocracy that ruled India.
On 17th October, 1940 Acharya Vinoba Bhave was chosen by Gandhi to be the first
Individual Satyagrahi against the British rule. The second individual Satyagrahi was Jawahar
Lal Nehru. (Statement 1 is incorrect)
Individual Satyagraha was also known as Delhi Chalo Satyagraha, as a Satyagrahi who was
not arrested was to move into a new location and starts a move towards Delhi. (Statement 2 is
correct)
Ans 75. Explanation:
Quit India Movement is also known as the India August Movement or August Kranti. It was
officially launched by the Indian National Congress (INC) led by Mahatma Gandhi on 9
August 1942.
The activities during the Quit India movement included that of organizing the disruption of
communications by blowing up bridges, cutting telegraph and telephone wires and derailing
trains. (Statement 1 is correct).
There were also a few attacks on government and police officials and police informers.
(Statement 2 is correct)
For dissemination of news they came up with underground Radio. Congress radio operated
from different locations in Bombay. Ram Manohar Lohia, regularly broadcasted on his radio.
Statement 3 is correct.
Parallel governments were propped up in various locations - Ballia under Chittu Pande, in
Tamluk , in satara etc. They mostly helped in releasing arrested local leaders, set up
arbitration courts, conducted Gandhian marriages etc. Statement 4 is correct
ANS.82. Explanation:
The recommendations of the Nehru Report were not acceptable to Jinnah. He proposed certain
amendments in the Nehru Report at the All Parties Conference held at Calcutta in 1928 but his
demands were not accepted. Jinnah in 1929 gave fourteen points which were to become the basis of
all future propaganda of the Muslim League.
The demands included:
Federal Constitution with residual powers to provinces.
Provincial autonomy.
No constitutional amendment by the Centre without the concurrence of the states constituting
the Indian federation.
All legislatures and elected bodies to have adequate representation of Muslims in every
province without reducing a majority of Muslims in a province to a minority or equality.
Adequate representation to Muslims in the services and in self-governing bodies.
One-third Muslim representation in the Central Legislature.
In any cabinet at the Centre or in the provinces, one third to be Muslims.
Separate electorates.
No bill or resolution in any legislature to be passed if three-fourths of a minority community
consider such a bill or resolution to be against their interests.
Any territorial redistribution not to affect the Muslim majority in Punjab, Bengal and NWFP.
Separation of Sindh from Bombay.
Constitutional reforms in the NWFP and Baluchistan.
Full religious freedom to all communities.
Protection of Muslim rights in religion, culture, education and language
97.Explanation Walk to means, move at a regular pace by lifting and setting down each foot in turn,
never having both feet off the ground at once. Flip means turn over with a sudden quick movement.
Plead means make an emotional appeal.
99.Explanation Rise in means move from a lower position to a higher one; come or go up. Achieve
means successfully bring about or reach (a desired objective or result) by effort, skill, or courage.
Amount to means a quantity of something, especially the total of a thing or things in number, size,
value, or extent
ANS 100. Ex: The sentence refers to the past chain of events. ‘Yesterday’ Proved the fact that we
should use the only past form “Could’.
Ans 101. Ex: Whenever the Sentence Consists “It’s time or It’s high time”, It is followed by Past
indefinite.
Ans 102. Ex: “When” reflects that the action happened in past, whereas the next sentence shows the
action was going on at the time of first action.
Ans 103. (C) There are two ways in which we are judged; one is ‘our thoughts’ whereas other
is when our actions are judged.
Ans 104. (A) To speak ‘of’ mineral means to speak about(Not speech), Speak on means
giving speech.
Ans 105. (B) ‘set out’ means to begin. So correct preposition would be set out on
Ans 108. In Ginger the part that we eat is actually the root which is also called as Rhizome of the
plant. A rhizome is a modified stem that grows horizontally underground.
Ans 109. Osmosis is a process by which molecules of a solvent tend to pass through a semipermeable
membrane from a more concentrated solution into a less concentrated one making both the sides
equal.
Ans 110. The Actinobacteria are a phylum of Gram-positive bacteria. They can be terrestrial or
aquatic. It is known to produce a wide variety of industrially and medically relevant compounds like
Antibiotics, etc.
Ans 111. Karnal bunt is a fungal disease of wheat, durum wheat, and triticale. T. indica is the fungal
pathogen causing Karnal bunt of wheat seeds. Its distribution is mainly limited to northwest India and
adjoining countries.
Ans 112. Vitamin E is called ant sterility vitamin. Vitamin E, a fat-soluble vitamin, is found naturally
in some foods, added to others, and available as a dietary supplement.
Ans 113. Calcium is required in plants in the formation of cell wall. It is a structural layer surrounding
some types of cells, just outside the cell membrane. The cell wall can be tough, flexible, and
sometimes rigid also.
Ans 115. Cells are the building blocks of human body. It is the basic structural, functional, and
biological unit of all known organisms. The study of cells is known as cell biology, cellular biology,
or cytology.
Ans 116 In humans, fertilization normally occurs in the fallopian tube. The ovary is the female gonad
that contains the eggs. The uterus is the organ that houses the developing embryo. The placenta is the
structure that nourishes the embryo.
Ans 117. The common name of Hansen’s disease is leprosy caused by Mycobacterium leprae.
Leptospirosis is a bacterial disease caused by bacteria Leptospira that affects both humans and
animals.
Diphtheria is caused by the bacterium Corynebacterium diphtheriae.
Anthrax is an acute disease caused by the bacterium Bacillus anthracis.
Ans 118. Explanation: A computer virus is a type of malicious code or program written to alter the
way a computer operates and is designed to spread from one computer to another. A virus operates by
inserting or attaching itself to a legitimate program or document that supports macros in order to
execute its code
Ans 119. Explanation: The URL contains the name of the protocol needed to access a resource, as
well as a resource path. The first part of a URL identifies what protocol to use as the primary access
medium. The second part identifies the IP address or domain name -- and possibly subdomain --
where the resource is located.
Ans 120.Explanation: When you delete a file or folder in Windows, it is placed in the Recycle Bin.
Items are temporarily stored in the Recycle Bin before they are permanently deleted by the user. It is a
good idea to empty the Recycle Bin on a regular basis because it frees up disk space for other files.