61 questions asked across 18 exam years, newest first
Which of the following statements about 'Chit Fund' in India is/are correct? 1. It is a kind of savings scheme. 2. There are no Acts regulating the activities relating to Chit Funds in India. Select the correct answer using the code given below:
Answer: A
Directions : The following eight (8) items consist of two statements, Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the code given below : Code : (a) Both the statements are individually true and Statement II is the correct explanation of Statement I (b) Both the statements are individually true but Statement II is not the correct explanation of Statement I (c) Statement I is true but Statement II is false (d) Statement I is false but Statement II is true Statement I : Insolation is greatest when the sun is directly overhead and the sun’s rays are vertical.
Statement I : Indian economy has experienced slower growth rate during the years 2010–11 and 2011–12. Statement II : Indian economy has experienced weakening industrial growth during the period.
Answer: A