Expected Ques of LLB
Consider the following statements:
1. The Minimum Wage Act 1948 is implemented by the Department of Revenue of all the State Governments
2. The Minimum Wages are Fixed by the Central Government
Which among the above statements is / are correct?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 & 2 is correct
(D)Neither 1 nor 2 are correct
2.Consider the following statements:
1. The subject of Education is in Concurrent List
2. Many states demand that education should be placed in the State List
Which among the above statements is / are correct?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 & 2 are correct
(D)Neither 1 nor 2 is correct
3. Which among the following countries has the largest reserves of Natural Gas in the world?
(A)Australia
(B)United States
(C)Russia
(D)China
4.Which among the following country is world’s largest Offshore Oil and Gas producer?
(A)USA
(B)UK
(C)Norway
(D)China
5.A two-week long joint counter-insurgency exercise named “Nomadic Elephant” was conducted in Belgaum in December 2010 between India and which among the following armed forces?
(A)Malaysia
(B)Sri Lanka
(C)Mongolia
(D)Myanmar
6.Which among the following is not a Major agri-export of India?
(A)Marine Products
(B)Cashew
(C)Pulses
(D)Cereals
7.At which of the following levels , Central Cooperative Banks are established in India?
(A)District Level
(B)State Level
(C)Inter-state level
(D)India Level
8.A Bank opened in Special Economic Zones in India comes under which among the following ?
(A)International Banking
(B)Domestic Banking
(C)Offshore Banking
(D)National banking
9.Which among the following is correct about an Equity Fund?
(A)It gives fixed returns
(B)It invests primarily in shares
(C)It invest in both debt and shares
(D)It assures growth in value
10.A company declares Rs.2/- dividend on the equity share of face value of Rs.5/-. The share is quoted in the market at Rs. 80/-. Which among the following is the correct Dividend Yield?
(A)6%
(B)8%
(C)2.5%
(D)4%
11.Which among the following is not a correct statement?
(A)PACS provide loans to its members at village level
(B)In India, Maximum Cooperative societies are in agriculture sector
(C)Banks are allowed to give loan against their own shares.
(D)Taccavi Loans are given at the time of the difficulties and crises
12.Consider the following
1.Provisions regarding Statutory Liquidity Ratio (SLR)
2. Provisions regarding Cash Reserve Ratio (CRR)
Which among the following represents the act / acts in which the above have been enshrined respectively?
(A)RBI Act , Banking Regulation Act
(B)Banking Regulation Act , RBI Act
(C)Both in RBI Act
(D)Both in Banking Regulation Act
13.In which among the following countries 78% of all the country’s electricity is produced by Nuclear Power that is more than in any other nation?
(A)Italy
(B)Germany
(C)France
(D)Denmark
14.In which country is located Newcastle Port, the world’s largest coal export port?
(A)Canada
(B)Australia
(C)Mexico
(D)USA
