UPSC PRELIMINARY MOCK TEST 122

 

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UPSC PRELIMINARY MOCK TEST 122

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Question 1
The recent PNB scam can be regarded as a case of
A
Operational Risk
B
Credit Risk
C
Market Risk
D
Foreign Exchange Risk
HRM Questions answers

Question 1 Explanation: 

"Meanwhile, the RBI broke its silence on the fraud and blamed internal control failures for PNB's woes in a statement terming the incident as a 'case of operational risk' due to 'delinquent behaviour' by one or more employees."

  • Generally, operational risk is defined as any risk, which is not categorised as market or credit risk, or the risk of loss arising from various types of human or technical error. The most important type of operational risk involves breakdowns in internal controls and corporate governance (as is being recognised in the PNB scam). Such breakdowns can lead to financial loss through error, fraud, or failure to perform in a timely manner or cause the interest of the bank to be compromised.
  • Credit risk or default risk involves inability or unwillingness of a customer or counter-party to meet commitments in relation to lending, trading, hedging, settlement and other financial transactions.
  • Traditionally, credit risk management was the primary challenge for banks. With progressive deregulation, market risk arising from adverse changes in market variables, such as interest rate, foreign exchange rate, equity price and commodity price has become relatively more important.
  • Forex risk is the risk that a bank may suffer losses as a result of adverse exchange rate movements.

https://m.rbi.org.in//scripts/NotificationUser.aspx?Id=85&Mode=0

http://www.thehindu.com/news/national/how-did-system-allow-pnb-fraud-asks-cvc/article22778169.ece ; "

Question 2
Diwan-i-Khas in Red Fort is a
A
Hall of Private Audiences
B
A garden
C
Palace of Colour
D
Pearl Mosque
Home science Questions answers

Question 2 Explanation: 

ASI carries out restoration of Mughal era parts of Red Fort. Flooring of red sandstone and jaali work was done as part of the renovations. Paintings and marble surfaces of Diwanikhas and Zafar Mahal were treated scientifically and Moti Masjid, Sawan and Bhadon pavilions and Hira Mahal were treated with clay.

In the future, cleaning of Rang Mahal, Khaas Mahal and Mumtaz Mahal has been proposed.

The Diwan-i-Khas or Hall of Private Audiences, was a chamber in the Red Fort of Delhi built in 1571 as a location for receptions. It was the location where the Mughal Emperor Akbar received courtiers and state guests. It was also known as the Shah Mahal.

Source "

Question 3
Consider the following statements with respect to "Gupta Empire Administration":
  1. The King was the highest authority and possessed wide powers to enable the smooth functioning of the empire.
  2. Salaries in the Gupta period were paid in form of land grants
  3. Decentralization is totally absent
Which of the following codes below given is/are correct?
A
1 and 2 only
B
2 and 3 only
C
1 and 3 only
D
1, 2 and 3
English grammar Questions answers

Question 3 Explanation: 
The administrative system during the Gupta dynasty reign was similar to that of the Mauryan Empire. The King was that highest authority and possessed wide powers to enable the smooth functioning of the empire. At the time of the Gupta rule, there was political harmony in ancient India. During the Gupta period, the empire was classified into separate administrative divisions like Rajya, Rashtra, Desha, Mandala, etc. Thus importance was given to decentralization of power. The administrative division helped the rulers to systematically control their territories. Salaries in the Gupta period were paid in form of land grants in lieu of cash. By virtue of such land grants, it gave the beneficiary hereditary rights over the land. However, the King had the power to take away the land. The government levied land taxes and excise duties were collected from the subjects. The lands given to the Brahmins had no chargeable tax on them.
Question 4
Which of the following Indian cities are a part of UNESCO's Creative Cities Network?

1. Jaipur
2. Mysore
3. Varanasi
4. Chennai

Select the correct answer using the code given below.

A
1 and 3 only
B
1, 3 and 4 only
C
2, 3 and 4 only
D
1, 2, 3 and 4
Arab culture Questions answers

Question 4 Explanation: 

Chennai has been included in the UNESCO Creative Cities Network for its rich musical tradition. Including Chennai, a total of 64 cities from 44 countries have joined the UNESCO Creative Cities Network. Jaipur and Varanasi are the other Indian cities that feature on the list. "

Question 5
The advent of Purandaradasa, in the year 1484, marked a very important landmark in the development of
A
Carnatic music
B
Hindustani music
C
Tamil literature
D
Kannada literature
Library science Questions answers

Question 5 Explanation: 

http://ccrtindia.gov.in/carnaticclassicalmusic.php

The advent of Purandaradasa, in the year 1484, marked a very important landmark in the development of Carnatic music. He effected such a thorough systematisation and refinement in the art, that, up to the present day, it has remained the same. He has been justly termed as "Carnatic Sangeeta Pitamaha". He was not merely a composer but a Lakshanakara of the highest calibre. The system of South Indian Music, as we have it now, is entirely his gift to posterity. He introduced the Malavagowla scale as the basic scale for music instruction. He also framed graded exercises, forming part of the series of lessons to beginners of music. This system prevails even today in the teaching of music. The Svaravalis, Janta varisas, the Suladi Sapta tala alankaras and gitams, composed by Purandaradasa, form the basis for mastery in the art. Among the compositional types, he has to his credit numerous lakshya gitams and lakshna gitams, tana varnams, tillanas, suladis, ugabhogas, vritta namas and kirtanas. His kirtanas are popularly referred to as Dasara Padas or Devarnamas.

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There are 5 questions to complete.

 

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