XAT 2013 - GK

Reliance Industries, IOC, TATA steel, and TATA motors featured in the fortune 500 list in 2012. Therefore, option A is the right answer.

The monetary policy is framed by the Reserve Bank of India. The fiscal policy is framed by the ministry of Finance. Therefore, option A is the right answer. 

CPI and WPI are price indices used to keep track of inflation.

CPI is the abbreviation of Consumer Price index. It calculates the average price paid by the consumer to the shopkeepers.
WPI is the abbreviation of Wholesale price index. It calculates the price paid by the manufactures and wholesalers in the market.

Therefore, option C is the right answer.

Davos is a town in Switzerland where the annual congregation of the world economic forum takes place. Therefore, option D is the right answer. 

The UN set 8 development goals in 2000 to be accomplished by 2015. These goals are known as the millennium goals. 

The goals are as follows:
1. Eradicate extreme poverty and hunger.
2. Achieve universal primary education.
3. Promote gender equality
4. Reduce child mortality
5. Improve maternal health
6. Combat HIV and Malaria
7. Ensure environmental sustainability
8. Develop global partnerships for development

Only option E captures these points. Therefore, option E is the right answer. 
Millennium development goals were replaced by sustainable development goals in 2015.

When a country is unable to pay its debts, it is said to have been hit by the sovereign debt crisis. In Europe, Greece filed for bankruptcy. Spain, Iceland, and Portugal are also affected by the sovereign debt crisis. Together, these countries are known by the acronym PIGS. Therefore, option D is the right answer. 

The top oil producing countries in the world are the United States, Saudi Arabia, Russia, China and Canada. Option B contains 4 of the 5 top oil producing countries in the world. Therefore, option B is the right answer. 

The 2012 slide in Indian rupee was caused due to a huge trade deficit, low growth and high inflation, low capital inflows and increasing current account deficit. High employment rate was not one of the reasons for the slide of rupee in 2012. Therefore, option E is the right answer.

IMF and World bank are known as the Bretton woods twins. The decision to form both the institutes arose out of the conference held at Bretton woods on July 1944.Therefore, option A is the right answer.

The Earth Summit, also known as the United Nations conference on environment and development, is held every year. The Earth Summit in 2012 was held in Rio De Janeiro. All the given statements are true. Therefore, option D is the right answer.

France (74.8%), Sweden (38.1%), Korea (30.4%), and Ukraine (46.2%) meet more than 25% of their energy demands using nuclear power. 
The US meets only 19% of its energy needs using nuclear power. India meets less than 3% of its energy needs using nuclear power. 
England meets 18.1% of its energy needs using nuclear power. Therefore, option B is the right answer. 

The options given give the countries and their respective stock exchanges or indices. 
Shenzhen stock exchange is located in China. 
Both BSE and NSE are located in India. 
SGX stands for Singapore Exchange Limited.
DAX is the index of the top 30 German companies. 
All the exchanges are correctly matched in option A. 

NASDAQ is a stock exchange in the US. FTSE is the index of the 100 countries listed in the London Stock Exchange. Therefore, we can eliminate options B, C, D, and E. Therefore, option A is the right answer.

Ramon Magsaysay award is awarded by the Philippine Government to acknowledge outstanding persons across various fields. Harish Hande was awarded Magsaysay award in 2011. He founded SELCO, a solar energy company, in 1995. The company has made solar lights and low smoke cookers accessible to the poor. Therefore, option E is the right answer. 

GAAR stands for General anti-avoidance rule. The rule was established under chapter X-A of Income tax act, 1961. The rule was enacted to curtail tax avoidance. Therefore, option E is the right answer.

Dr. Manmohan Singh was the chairman of the planning commission in 2013. Usually, the prime minister served as the chairman of the planning commission. The planning commission was replaced with NITI Aayog in 2015. Therefore, option C is the right answer. 

Palme d'Or is awarded in the Cannes film festival for films. It is considered the highest prize awarded in the festival.
Grammy award is awarded to acknowledge notable contributions in music. 
Cannes lions award is awarded for advertisements. 
Emmy awards is awarded for television works. 
Booker prize is awarded for literature. 

Only option E correctly matches the awards with the fields. Therefore, option E is the right answer.

Kindle is the e-book reader released by Amazon. 
Angry birds is a product of Rovio.
Wii is the video game console released by Nintendo.
Nook is the e-book reader released by Barnes and Noble. 
Castle Ville is an online game released by Zynga. 
Adsense is a product of Google. 

All the products and the companies are correctly matched only in option B and hence, option B is the right answer. 

Excise duty is an indirect form of taxation levied on goods and services by the central government. Excise duty on certain items such as alcohol is collected by the state government. All the given statements are true regarding Excise duty. Therefore, option D is the right answer. 

GST has subsumed excise duty in most of the places where excise duty was levied. 

Among the given items, India exports gems and jewellery the most. Gems and Jewellery contribute the highest to India's exports. Therefore, option D is the right answer. 

Hydrochloric acid, secreted by the lining of stomach, helps in killing the microbes by providing an acidic medium. Therefore, option C is the right answer. 

Sushil Kumar is from Haryana.
Mary Kom is from Assam. 
Saina Nehwal is from Andhra Pradesh.
Vijay Kumar is from Mhow, Madhya Pradesh.
Yogeshwar Dutt is from Haryana.

Only option A correctly matches the players to the place they belong. Therefore, option A is the right answer.

Tunisia, Egypt, Libya, Algeria, Morocco, and Sudan underwent political turmoil between 2011 and 2013. Therefore, option A is the right answer. 

Mr. Rajat Gupta, the former chief of Mckinsey, is one of the founders of ISB. Therefore, option E is the right answer. 

China was the largest producer of cars followed by the US, Japan, Germany, and Korea in that order. Therefore, option E is the right answer. 

According to the Economic Survey of India 2011-12, the share of manufacturing sector in the country's GDP lied between 14-16%. Therefore, option D is the right answer. 

Amartya Sen was awarded Nobel prize for welfare economics. 
Joseph Stiglitz was awarded Nobel prize in economics in 2001 for the analyses of markets with asymmetric information. 
Oliver Williamson was awarded the Nobel prize in 2009. 
Therefore, option A is the right answer.

In July 2012, violence broke out in the Manesar plant of Maruti Suzuki. The incident left a senior HR official dead. Therefore, option C is the right answer. 

One unit of carbon permit is used to refer to one metric tonne of carbon dioxide emission. Therefore, option C is the right answer.