Common University Entrance Test (UG)
Question : The International Labour Organization (ILO) is a specialized agency of the:
Option 1: World Trade Organization (WTO)
Option 2: United Nations (UN)
Option 3: World Bank
Option 4: International Monetary Fund (IMF)
Correct Answer: United Nations (UN)
Solution : The correct answer is (b) United Nations (UN) The International Labour Organization (ILO) is a specialized agency of the United Nations (UN). It was established in 1919 and became the first specialized agency of the UN in 1946.
The ILO is dedicated to promoting social justice and internationally recognized labor rights. Its mission is to improve labor standards, protect workers' rights, promote decent work opportunities, and enhance social protection. The organization sets labor standards through the adoption of international labor conventions and recommendations, provides technical assistance to member states, conducts research, and engages in advocacy and policy dialogue on labor-related issues.
Question : Case Study 76
DEF Enterprises is a startup planning to trade its shares on a stock exchange. The company's management is considering the importance of opening a demat account.
Question :
What is the primary benefit of opening a demat account for trading securities?
Option 1: Higher dividend payouts
Option 2: Reduced risk of fraud
Option 3: Access to insider information
Option 4: Lower income tax rates
Correct Answer: Reduced risk of fraud
Solution : The correct answer is (b) Reduced risk of fraud
The primary benefit of opening a demat account for trading securities is the reduced risk of fraud. A demat account holds your securities in an electronic or dematerialized form, eliminating the need for physical share certificates. This reduces the risk of theft, loss, forgery, or other fraudulent activities associated with paper-based securities. Additionally, dematerialization ensures that ownership and transactions related to securities are securely and accurately recorded, minimizing the risk of fraud and providing a more secure and efficient way to hold and trade securities.
Read the following passage to answer the question that follows the passage
In a materialist society of today in which lure of power, pelf and property dominates everything, non-violence seems a redundant term. Since the economic interests of one person clash with those of another, this exploitation in a way leads to the possibility of violence, either in the form of physical force or threat of it.
Modern technological developments have placed at the disposal of the mankind almost unlimited means of exploitation of the material wealth of the world. In the search for attaining this material wealth, sometimes one has to resort to violence to serve one’s ends, which directly or indirectly leads to the ruin of society. This tragic march towards ruination can be halted if we pursue the principles of non-violence as a guiding force.
Emphasizing the importance of non-violence, Mahatma Gandhi said, “Peace will never come until the Great Power courageously disarms them. It seems to me that recent events must force that belief on the Great Powers. I have an implicit faith-a faith that today burns brighter than ever. After half a century’s experience of unbroken practice of nonviolence-that mankind can only be saved through non-violence which is the central teaching of the Bible as I have understood the Bible.” All the scholarly saintly beings like Christ, Buddha, Mahavir, Nanak, Zoroaster, etc. preached the practice of nonviolence and emphasised the need for a moral code of conduct that gives due status to non-violence. Non-violence is no other than a philosophy of life-a modus operandi which has received due recognition in East and is being recognised in the West also. It is also apparent from the fact that 2nd October, the Gandhi Jayanti has been declared to be observed as International Nonviolence Day every year from 2007.
Non-violence has been interpreted differently by various people. In general, the term implies non-injury to others. The concept is largely based on the fundamental good qualities of a man. It completely negates the use of threat, physical force and violence in any situation or with anyone. One must avoid inflicting pain on others to win one’s goals however true and justifiable it may be.
A situation, however, difficult or adverse it may be, it is to be tackled in cool and calm manner avoiding violence in thought and action, the philosophy of non-violence calls for courage, strength and self-sacrifice on the part of the person practising it. It also demands a great deal of fortitude. It was therefore, that Mahatma Gandhi said that non-violence is not the weapon of the coward, but of the brave and courageous.
The philosophy of non-violence is based on love and regard for every creature, and for all living beings. Doing any kind of harm or injury to any living being is negation of the nonviolence. Application of force-physical or mental-finds no place in the philosophy of non-violence. True non-violence even rules out defensive measures based on violence against a violent onslaught.
What does the expression modus operandi mean in the given context?
Option 1: Philosophical standard
Option 2: An operative manner
Option 3: How to operate
Option 4: An unstated rule
Option 5: A dominating concept
Correct Answer: An operative manner
Solution : Refer to “Non-violence is no other than a philosophy of life-a modus operandi which has received due recognition in East and is being recognised in the West also”. Here, the idiom denotes a manner which is in operation. Hence, “An operative manner” is the best answer.
Question : Assertion: Stock exchanges provide a platform for buyers and sellers to trade securities.
Reason: Stock exchanges facilitate the issuance of new securities to the public.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Solution : The correct answer is (b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
The assertion is true. Stock exchanges do provide a platform or marketplace where buyers and sellers can come together to trade existing securities.
The reason is true but not the correct explanation of the assertion. While stock exchanges do facilitate the trading of existing securities, they are not primarily platforms for the issuance of new securities to the public. The primary platform for the issuance of new securities is the primary market, where initial public offerings (IPOs) or additional offerings are conducted. Stock exchanges facilitate the trading of these already-issued securities in the secondary market.
Question : There are few words missing in the passage given below. The options given contain an answer that will fit in those given blanks. Pick up the correct word to be used to make the sentence coherent and grammatically correct.
The Global maize production across the world is worth billions of dollars annually and is a major contributing factor to global food security because it’s a 1) ______________ food for billions of people. Majority of the maize production depends on natural rainfall, making it 2) ______________ to variable rainfall patterns.
This limitation is likely to get intense in the future as it is anticipated that the climate change is going to lower rainfall in many regions of the world. This could decrease 3) ______________ by 10% by the time global temperature has risen by 4º C. Another challenge of droughts are also likely to become more 4) ______________ and severe. The increase in temperatures are also predicted for many parts of the world which will have direct effects on the productivity and growth of maize. High temprature will also lead to more 5) ______________, which means that plants lose more water.
Choose the correct word to be used in blank 2.
Option 1: vulnerable
Option 2: nefarious
Option 3: condemn
Option 4: tacit
Correct Answer: vulnerable
Solution : The correct answer is vulnerable.
Majority of the maize production depends on natural rainfall, making it vulnerable to variable rainfall patterns.
Explanation:
Only the word "vulnerable" will do to fill in the blank and make the sentence comprehensible. It denotes being at risk of attack or harm, either physically or psychologically.
Meaning of the rest of the words
Nefarious: wicked or criminal, usually used to describe an action or activity.
Condemn-express complete disapproval of; censure:
Tacit- understood or implied without being stated.
Question : When is the dividend received considered an operating activity?
Option 1: In the case of non-finance company
Option 2: In case of finance company
Option 3: Both 1 and 2
Option 4: None of the above
Correct Answer: In the case of non-finance company
Solution : Answer = In the case of a non-finance company
The dividend received by the finance company is treated as operating activities in the case of a non-finance company and will be treated as an Inflow of Investing activities. Dividend received is considered an operating activity for non-finance companies because it is part of their regular business operations, representing income generated from investments in other companies. Hence, the correct option is 1.
Question : When a country's currency is undervalued, it means that:
Option 1: Its value increases relative to other currencies
Option 2: Its value decreases relative to other currencies
Option 3: Its value remains the same as other currencies
Option 4: Its value cannot be determined accurately
Correct Answer: Its value decreases relative to other currencies
Solution : The correct answer is b) Its value decreases relative to other currencies
When a country's currency is undervalued, it means that its value is lower compared to other currencies. In other words, it takes more units of the undervalued currency to exchange for a unit of another currency. This can happen due to various factors, such as market forces, government policies, or economic imbalances. An undervalued currency can make a country's exports more competitive in the international market, as they become relatively cheaper for foreign buyers. However, it also makes imports more expensive, which can impact domestic consumers and businesses.
Question : Which of the following is a characteristic of a traditional market?
Option 1: Online transactions
Option 2: Barter system
Option 3: Stock trading
Option 4: Electronic payment systems
Correct Answer: Barter system
Solution : A characteristic of a traditional market is the barter system, where goods and services are exchanged directly without the use of money.
Question : It is the process of classification of products into different groups. Which function of management is highlighted in the given statement?
Option 1: Standardization
Option 2: Grading
Option 3: Product designing
Option 4: Development
Correct Answer: Grading
Solution : Grading is the process of classification of production to different groups on the basis of some of its important characteristic such as quality,size, etc.
Hence, option B is correct.
Complete the following paragraph:
Variety of eras came and gone but no one was so powerful to change the influence of our real culture. The culture of younger generations is still connected to older generations through umbilical cord. Our ethnic culture always teaches us to behave well, respect elders, care helpless people and always help the needy and poor people. It is our religious culture that we should keep fast, do worship, offer Gange Jal, do Surya Namaskar, touch feet of elder in family, do yoga and meditation on daily basis, give food and water to the hungry and disabled people. Bhava”._____________________________________________________________
Option 1:
There is great culture of our nation that we should always welcome our guests like a God very happily, that’s why India is famous for a common saying like “Atithi Devo
Option 2:
India is a country with a rich culture
Option 3: Unity is diversity
Option 4:
Diversity is unity
Option 5:
Indian culture is diverse
Correct Answer:
Solution : In accordance with the didactic tone of the author, only “There is great culture of our nation that we should always welcome our guests like a God very happily, that’s why India is famous for a common saying like “Atithi Devo” is correct
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