Daily Questions Challenge for IAS PRE (CSAT) Exam (31 August 2015)

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

1. Which one is not a Maharatna

(a) ONGC
(b) NTPC
(c) SAIL
(d) HP

2. Consider the following statements.

1) Actual contributed equity plus retained earnings is called Tier I capital.
2) NBFC (Non Banking Financial Companies) are largely referred to as shadow banking.
3) Rate at which banks lend to the best customers is called SLR.

Which of the above statements is / are true.

(a) 1, 2 & 3
(b) 1 & 2
(c) 1 & 3
(d) 2 & 3

3. Consider the following statements about NABARD.

1) NABARD mission is to promote sustainable & equitable prosperity in rural India.
2) It was established in 1982.
3) It is the Nodal agency for MGNREGA.

Which of the above statements is / are true

(a) 1 & 2
(b) 2 & 3
(c) All of the above
(d) 1 & 3

4. Consider the following statements.

1) The office of the DGFT (Director General of Foreign Trade) is responsible for formulating & execution of exim policy.
2) The Directorate General of Foreign Trade (DGFT) is the agency of the Ministry of Finance.

Which of the above statements is / are true.

(a) Both 1 & 2
(b) 1 only
(c) 2 only
(d) Neither 1 nor 2

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:: CSAT (Paper -2) ::

Once a thief named Kalu had planned to loot the king's treasury. At midnight he went to the palace and began to drill a hole in the side wall of the treasury. The king, who was awake in his bedroom just above the treasury, came out to investigate thewhirring sound. Hewas dressed in simple nightgown and the thief could not recognize him.He asked Kalu who he was andwhat he was doing. The latter said, "Sir, I am a thief and intend to loot this treasury. I presume that you are also a thief and have come with the same intention. No matter, let us both go inside and we shall share the loot equally." Both entered the treasury and divided all the money and jewels equally between them. Inside a locker they found three big diamond pieces. As the thief was puzzled as to how divide the three pieces into two portions, the king suggested, "We have taken away everthing else. Let us leave one diamond piece for the poor king and share the rest equally." Kalu agreed and when he took his leave, the king asked for his name and address. As Kalu had taken a vow of telling only the truth, he gave the correct information.

The king took away his share of the loot and hid it in his room.Next morning he asked his Prime Minister to inspect the treasury as he had heard some strange sounds during the previous night. The Prime Minister saw to his horror that all the valueables were missing and only a single diamond was left, perhaps inadvertently, by the thief. He put the diamond in his own pocket as its loss could be ascribed to the thief and nobody would suspect the Prime Minister.

The Prime Minister went back to the king. The king particularly enquired, "Do you mean the thief has completely denuded the treasury of its valuales and not a single item has been left?" The Prime Minister confirmed it.

The king asked the chief of police to bring in Kalu. When Kalu came he was unable to recognize the king as his accomplice of the previous night.

The king asked him, "Are you the thief who has stolen everything from my treasury leaving nothing back?" Kalu confirmed it but said, "Sir, I did leave one diamond back in the locker as advised by an accomplice of mine and it should still be there."

The Prime Minister interrupted saying, "Your Majesty, this thief is lying. There is nothing left in the locker".

The king asked the police chief to search the pockets of the Prime Minister, from where the missing diamond was recovered. The king told his courtiers, "Here is a Prime Minister who is a liar and a thief who isa truthful gentleman."

1. The king came out in the middle of the night in order to

(a) help Kalu to break into the palace treasury
(b) share the loot equally between Kalu and himself
(c) find out the source of and reason for the sound he had heard
(d) catch the thief who had come to steal his valuables

2. Kalu could not recognize the king because

(a) the king was wearing clothes like those of an ordinary person.
(b) the king was dressed in a simple nightgown
(c) Kalu had never seen the king before
(d) Kalu had not seen the king descending from his bed room.

3. Kalu revealed to the king his real intention because

(a) he thought that the king was also a thief
(b) he thought that it was the only way to muster his help
(c) he felt that revealing the truth would ensure safe robbery
(d) Kalu had taken an oath of telling only the truth

4. What was the agreement between the king and Kalu about the stolen valuables?

(a) They had not come to any conclusive agreement before breaking into treasury.
(b) They decided to divide the booty between themselves in equal proportion.
(c) They decided in advance that except for diamond, the other loot would be shared equally.
(d) They decided that the money would be taken by Kalu and jewellery the king.

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