XAT 2013 Question Paper

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.