1.WhichofthefollowingstatesinIndiadoNOThavealegislativecouncil?

1.TamilNadu
2.Telangana
3.Rajasthan
4.AndhraPradesh
Selectthecorrectanswerusingthecodegivenbelow:
a)1and3Only
b)1and3only
c)3and4Only
d)1,2,3and4
Incorrect
Solution:b.
Asoftoday,sevenstateshaveLegislativeCouncils.TheseareJammuandKashmir,Bihar,
UttarPradesh,Maharashtra,Karnataka,AndhraPradeshandTelangana.
http://indianexpress.com/article/explained/thecouncilprizeinstateswhatitentails
whereitsavailableandhow/#sthash.03Zn0Tau.dpuf

2.2.Question

2points

Considerthefollowingstatements:
1.ThefirststepinthecreationofabolitionofaLegislativeCouncilispassageofaresolution
bytheLegislativeAssemblytothateffectbyasimplemajority
2.MembersofLegislativeCouncilscannotvoteintheelectionsofthePresident,Vice
PresidentaswellasRajyaSabhamembers
Whichofthestatementsaboveis/arecorrect?
a)1only
b)2Only
c)Both1and2
d)Neither1nor2
Incorrect
Solution:b.

ThefirststepinthecreationofabolitionofaLegislativeCouncilispassageofaresolutionby
theLegislativeAssemblytothateffectbyaspecialmajority.
http://indianexpress.com/article/explained/thecouncilprizeinstateswhatitentails
whereitsavailableandhow/#sthash.03Zn0Tau.dpuf

3.3.Question

2points

AnchorBanksrecentlyseeninthenews,are
a)Governmentsupportedentitieswhichwillbuystressedassetsfrombanksatafair
price(discount)
b)Privateorpublicentitieswhichwillbuystressedassetsfrombanksatafairprice
(discount)
c)PublicSectorBanks(PSBs)whichwilldrivetheconsolidationprocessamongthe
stateownedbanks
d)ScheduledCommercialBankswhichwilldrivetheconsolidationprocessamong
stateownedbanks
Incorrect
Solution:c.
http://www.thehindu.com/business/Industry/sixormoreanchorbankslikelytolead
consolidation/article8324282.ece

4.4.Question

2points

Thecashlesswalletquitepopularwithecommercecompaniesisanexampleof
a)Closedwallets
b)Semiclosedwallets
c)Semiopenwallets
d)Openwallets
Incorrect
Solution:a.
OPENWALLETS:Theonesthatallowyoutobuygoodsandservices,withdrawcashat
ATMsorbanksandtransferfundstheseservicescanonlybejointlylaunchedwithabank.

Apartfromtheusualmerchantpayments,italsoallowsyoutosendmoneytoanymobile
numberbankaccount.MPesabyVodafoneisanexample.
SEMIOPENWALLETS:Youcantwithdrawcashorgetitback.Inthisscenario,acustomer
hastospendwhatheloads.AirtelMoneyisasemiopenwallet,whichallowsyoutotransact
withmerchantshavingcontractwithAirtel.
CLOSEDWALLETS:Quitepopularwithecommercecompanies,whereacertainamountof
moneyislockedwiththemerchantincaseofacancellationorreturnoftheorder,orgift
cards.
SEMICLOSEDWALLETS:Thesedonotpermitcashwithdrawalsorredemption,butallow
youtobuygoodsandservicesfromlistedmerchantsandperformfinancialservicesatlisted
locations.Paytmisanexample.
http://www.thehindu.com/todayspaper/tpbusiness/techsavvyindiansshopwith
cashlesswallets/article8321922.ece