Daily Questions Challenge for IAS PRE (CSAT) Exam (29 June 2015)

Write and Discuss Your Answer with Q.No in Comment Box at the Bottom of Post.

1. Consider the following liquid assets :

1. Demand deposits with the banks
2. Time deposits with the banks
3. Savings deposits with the banks
4. Currency

The correct sequence of these assets in the decreasing order of liquidity is

(a) 1-4-3-2
(b) 4-3-2-1
(c) 2-3-1-4
(d) 4-1-3-2

2. In the context of Indian economy, ‘Open Market Operations’ refers to

(a) borrowing by scheduled banks from the RBI
(b) lending by commercial banks to industry and trade
(c) purchase and sale of govern-ment securities by the RBI
(d) None of the above

3. Under the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006, who shall be the authority to initiate the process for determining the nature and extent of individual or community forest rights or both?

(a) State Forest Department
(b) District Collector / Deputy Commissioner
(c) Tahsildar / Block Development Officer / Mandal Revenue Officer
(d) Gram Sabha

4. Improper handling and storage of cereal grains and oilseeds result in the production of toxins known as aflatoxins which are not generally destroyed by normal cooking process. Aflatoxins are produced by

(a) bacteria
(b) protozoa
(c) moulds
(d) viruses

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Ghanshyam Das Birla was a great architect of India's industrial growth. He started his career in Kolkata at the beginning of 20th century. He set up many industries.He entered the field of business during the days of the First World War and established himself after the war years. First, he established a cotton mill in Sabzi Mandi, Delhi, followed by Keshoram Cotton Mills and Birla JuteMills around 1920. The Keshoram Mills were set up with the efforts of Andrew Yule. In 1919, with an investment of Rs 50 lakhs,Birla Brothers Limited was formed and thereafter amill was set up in Gwalior.

Mr.Birla realised that political freedomfromBritish rule was imperative for the industrial growth of India.In 1920, he came into contact with Gandhiji and became his disciple. In the decade of the 30's he set up sugar papermills. From1943 to 1946, with the stock exchange gaining ground, Birla Brothers ventured into the areas of cars, cotton,machinery andman-made fabrics. United Commercial Bankwas set up during this period.Prior to this, he had establishedRuby, Asiatic Insurance Co. and Inland Air Service.

After independence, the Birlas expanded their business and started production in many fields. Near Mirzapur, he, in collaboration with Caesar, an American friend, set up an aluminium plant Hindalco in record time. He bought the Century Mill from Sir Chunnilal V.Mehta, the cousin of Sir PurshottamDas Thakur. He also bought tea estates and started cement and fertiliser factories. He established a new style of management. In his birth place Pilani, and at many other places he started many educational institutions. To his credit go many temples, planetariums and hospitals. In 1983, he died while in London, but not before seeing his business flourish as one of the topmost establishments in India. During the decades of 70's and 80's, Birla Brothers was among the topmost Industrial Houses in India. Anna Saheb Karve's life was an simple and clean as that of an ancient ascetic (RishiMuni).Hewas liberal in his views and sympathetic in his attitude. He was deeply moved by the troubles and tribulations of women flok. What Anna Saheb did for the upliftment of women in the last decade of the nineteenth century was beyond the imagination of the people.He created an awakening among women through his writing in Kesari. He was a staunch supporter of widow remarriage. On March 11, 1893, he set an example for society by taking the bold step of marrying a widow. The couple dedicated their lives to social work and reform. He established an orphanage in Pune. Anna Saheb realised the importance of education for women.He spared no effort in starting theBharatiya Mahila Vidyapeeth, the first university for women. In 1921, he travelled to Europe and America and met famous people like Albert Einstein and formulated his opinions regarding work. In 1958, he was awarded the 'Bharat Ratna' in recognition of his services in educational and social reforms.

1.Ghanshyam Das Birla was better known to India As

(a) a freedom fighter against British rule
(b) an architect of temples in various cities
(c) a pioneer of India's industrial growth
(d) an architect of the textile industry in India

2.Ghanshyam Das Birla's first industrial venture Was

(a) a textile related industry
(b) a cottonmill, Gwalior
(c) KeshoramCottonMills, Delhi
(d) car manufacturing company

3.What was Andrew Yule's role in Ghanshyam Das Birla's career?

(a) He helped Ghanshyam Das Birla in setting up cotton mills in Sabzi Mandi, Delhi
(b) He invested Rs. 50 lakhs in Keshoram Cotton Mills
(c) He extended a lot of help to Ghanshyam Das Birla in his second venture
(d) He helped Ghanshyam Das Birla in the field of business before the First World War

4.What was Ghanshyam Das Birla's view about the British rule in India?

(a) The British rule was very atrocious
(b) The British rule was counter productive to India's industrial growth
(c) The British rule was not a hindrance to India's industrial growth
(d) The industrial growth of India had nothing to do with gaining freedom from the British

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