Thursday, August 29, 2013

INDIAN POLITY MCQs 2 FOR UPSC & SPSC

Hi Friends,
I have uploaded the PDF file at the below mentioned link.
This PDF file contains 100 mcqs that are important from exam perspective.
Kindly download it from the below mentioned link.


http://getmyfile.org/file/0s976o

Tuesday, August 27, 2013

THE NSEL CRISIS



                                          THE NSEL CRISIS:




1 ) What is a spot exchange?

It is an electronic version of the age-old mandi, where buyers and sellers meet to exchange goods and money


2) How many spot exchanges are there in India?

NSEL; NCDEX Spot floated by the NSE group; and R-Next, floated by Reliance Capital, are the three main spot exchanges


What is the role of FMC ?

  • Forwards Market Commission is the one which keeps an eye on the trading market and speculating market . 
  • Now according to the provisons of the FCRA act the spot contacts have to be settled within 11 days(including the delivery and the cash settlement)

3) What  led to the NSEL crisis?

National Spot Exchange had several contracts where settlement was done beyond eleven days. In fact, some worked to a T+25 and T+35 day settlement cycle. (in short paisa bana rahe the !!)
  • The Forward Market Commission also found that there was short selling in some of these contracts where an individual sold the contract without actually owning the underlying commodity.
  • Settlement beyond 11 days and short trades were both not permitted by regulators on spot market transactions. 
  • So the regulator sent a notice to NSEL few weeks ago, asking it to immediately bring down the settlement period in its contracts and move all of its existing contracts to ‘trade-for-trade’, meaning every trade has to be settled the same day and couldn’t be netted out. 
  • The exchange immediately complied. 
  • But as the news triggered panic among traders and many of them wanted to close out their positions immediately, the exchange had to defer settlements.
  • Result -->> Payment Crisis ->> Rs 5600 crore

(this willl help you understand more properly )




4) What happens to the underlying commodity?


  • The commodity is required to be delivered physically. 
  • But the exchange facilitated use of electronic warehouse receipts, enabling investors to avail of the arbitrage, without taking physical possession of goods



5) Did NSEL try to stop this round tripping?


Not really. In fact, it made it easier in some contracts.


For example, the contract specifications said, “Storage charges are waived off for those members and their constituents who sell jeera on JEERUNJH25 out of the delivery receivable against the purchase position of JEERAUNJH2 contracts”


6) What did the government do?


On July 12, it asked NSEL to stop this and to wind up


7) BUT WHAT HAPPENED DUE TO THIS ?

  • Government, noticing what was happening and thinking that mere speculation might harm the economy asked NSEL to stop launching new contracts. 
  • Moreover, respecting to the directions NSEL agreed to suspend any furture contract and hence asked its members to settle all contacts within 11 days and to deal in trade to trade basis.. 
  • In this case people who were earning by mere speculating ..lost their interest in spot trading(trade to trade basis).. 
  • Well now the traders failed to honour the contract and demand settlement.
  • So there was a payment crisis.

8) Why the sudden suspension?


  • The directive was to close the contracts and settle these on July 31. 
  • But NSEL cited “grave emergency” and market “disequilibrium”, deferring the settlement by another 15 days. 
  • Later, it said it wanted another 5 months for this



9) Why is NSEL not settling?


  • There is fear the underlying stock is insufficient to cover the liabilities. 
  • While the exchange claimed it had stock worth Rs.6,200 crore, an independent analysis shows there may be shortfalls. 
  • Business Standard visits to godowns didn’t show satisfactory results



10) Who are affected?


  • All those who have exposure to the exchange---brokers, high net worth investors and companies, too. 
  • Since many of these are also exposed to other market segments such as stocks and the banking system, there could be ripple effects.
  • Big guns from stock markets have put their money in the NSEL .
  • Hence there's a speculation that the crisis in NSEL might just spread to stock market.


11 ) Why did the stock of MCX fall? Do traders on this exchange too run a risk?
  • There is no direct connection between MCX and NSEL, except that both share a promoter — Financial Technologies. 
  • However, as MCX too operates in commodities trading, this event could lead to tighter regulatory scrutiny of the latter.


12) What is the  way  forward  for NSEL ?
  • The Government is said to be readying new regulations to govern spot exchanges to plug these loopholes. 
  • Until then NSEL will not be allowed to launch any new contract. 
  • The structure of the now suspended contracts could change based on the new regulation. 
  • Meanwhile, SEBI has sought details from various brokers on their exposure to contracts on NSEL.

****------------*************----------************---------------********

Many are of the view that SEBI is required to take a leadership now...so that such things dont happen and reiterate !!!!....as v know structure and powers of FMC is very weak....der is need to tinker over this !...things dont happen quick ..in India ...that is the problem !...v hv many Bills pending !



INDIAN NATIONAL MOVEMENT MCQs(Previous Years Questions of UPSC General studies)




                           INDIAN NATIONAL MOVEMENT MCQs
1. Which Indian nationalist leader looked upon a war between Germany and Britain as a godsent opportunity which would enable Indians to exploit the situation to their advantage? [1999]
(a) C. Rajagopalachari
(b) M.A. Jinnah
(c) Subhash Chandra Bose
(d) Jawaharlal Nehru
ANS:(c) SC Bose and the socialists argued that the war was an imperialist one since both sides are fighting for gaining or defending colonial territories. Therefore the question of supporting either of the two sides did not arise. Instead advantage should be taken of the situation to wrest freedom by immediately starting a civil disobedience movement.

2. Which one of the following leaders of the Congress was totally in favour of Cabinet Mission Plan? [1999]
(a) Mahatma Gandhi
(b) Jawaharlal Nehru
(c) Sardar Pate I
(d) MaulanaAbul Kalam Azad
ANS: (c) Cabinet mission plan came into being in may 1946

3. Which one of the following Indian leaders was dismissed by the British from the Indian Civil Service? [1999]
(a) Satyendranath Tagore
(b) Surendranath Banerji
(c) R.C. Dutt
(d) Subhash Chandra Bose
ANS: (b) Surendranath Banerji cleared the competitive examination in 1869, but was barred owing to a dispute over his exact age. After clearing the matter in the courts, Banerjee cleared the exam again in 1871 and was posted as assistant magistrate in Svlhet. However, Banerjee was dismissed soon from his job owing to racial discrimination. Satye'ndranath Tagore in 1863 became the first Indian to qualify the ICS.

4. The term "imperial preference" was applied to the: [1999]
(a) special privileges on British imports in India
(b) racial discrimination by the Britishers
(c) subordination of Indian interest to that of the British
(d) preference given to British political agents over Indian Princes
ANS: (a) Imperial Preference (later Commonwealth Preference) was a proposed system of reciprocally-levelled tariffs or free trade agreements between different Dominions and Colonies within the British Commonwealth of Nations. The purpose of such practices was to promote the mutual prosperity, and thus unity, of allied imperial nations. So best answer is a.

5. Assertion (A): Lord Linlithgow described the August Movement of 1942 as the most serious rebellion since Sepoy Mutiny.
Reason (R): There was massive upsurge of the peasantry in certain areas. [1999]
(a) Both A and R are true and R is the correct explanation of A
(b) Both A and R are true but R is not a correct explanation of A
(c) A is true but R is true
(d) A is false but R is true
ANS:(a) This movement placed the demand for independence on the immediate agenda of national movement. After Quit india, there could be no return. In this struggle, common people displayed unparalleled heroism. That's why Lord linlithgow (1936-44) described the quit India movement as the most serious revolt after sepoy mutiny.

6. The first venture of Gandhi in all-India politics was the: [1999]
(a) Non-Cooperation Movement
(b) Rowlatt Satyagraha
(c) Champaran Movement
(d) Dandi March
ANS: (b) Rowlatt satyagraha was the first venture of Gandhi on all India level. Satyagraha was to be launched on April 6,1919. But after the Jallianwala bagh massacre, Gandhi ji was overwhelmed by the total atmosphere of violence and withdrew the movement on April 18, 1919.

7. The Congress policy of pray and petition ultimately came to an end under the guidance of: [1999]
(a) Aurobindo Ghosh
(b) BalGangadhar Tilak
(c) Lala Lajpat Rai
(d) Mahatma Gandhi
ANS: (b) Bal Gangadhar Tilak described the method of three P's - Prayer, petition and protest as political mendicancy. He propagated militancy and not mendicancy.

8. Match List I with List II and select the correct answer using the codes given below the lists: [1999]
                  List I                  List II
A. Shyamji Krishna Varma 1. Bande Mataram
B. Madame Bhikaji Cama 2. Indian Sociologist
C. Annie Besant 3. The Talwar
D. Aurobindo Gosh 4. Commonwealth
Codes:
(a) A-2; B-3; C-4; D-1
(b) A-3; B-2; C-1; D-4
(c) A-2; B-3; C-1; D-4
(d) A-3; B-2; C-4;D-1
ANS: (a) Here the best possible answer is a. As M.B. Cama also wrote Bande Matram. Talvar was written by Virendranath Chatropadhyay.

9. "In this instance we could not play off the Mohammdans against the Hindus."
To which one of the following events did this remark of Aitchison relate? [2000]
(a) Revolt of 1857
(b) Champaran Satyagraha (1917)
(c) Khilafat and Non-Cooperation Movement (1919-22)
(d) August Movement of 1942
ANS: (c)

10. Which one of the following is not a feature of the Government of India Act of 1935? [2000]
(a) Diarchy at the Centre as well as in the provinces
(b) a bicameral legislature
(c) provincial autonomy
(d) an All-India Federatior
ANS: (a) In the Act of 193 5 provincial autonomy replaced diarchy. The GIA, 1919 provided for diarchy at the Centre as well as in the provinces

11. The Indian National Army (I.N.A.) came into existence in 1943 in: [2000]
(a) Japan
(b) then Burma
(c) Singapore
(d) then Malaya
ANS: (c) During the second phase of INA came into existence in July 1943 under the leadership of S.C. Bose. The idea of INA was first conceived in Sept 1942 by Mohan Singh in Malaya.

12. As an alternative to the partition oflndia, Gandhiji suggested to Mountbatten that he: [2000]
(a) postponed granting of independence
(b) invited Jinnah to form the government
(c) invited Nehru and Jinnah to form the government together
(d) invite the army to take over for some time
ANS: (b) Mountbatten plan came into existence on June 3, 1947. Gandhi ji suggested that he should invite Jinnah to form the government rather than partition of India.

13. The native state of Tripura became involved in the Freedom movement early in the 20th century because: [2000]
(a) the kings of Tripura were always anti-British
(b) the Bengal revolutionaries took shelter in Tripura
(c) the tribes of the state were fiercely freedom loving
(d) there were already some groups fighting against the kingship and its protector, the British
ANS: (d)

14. After returning from South Africa, Gandhiji launched his first successful Satyagraha in: [2000]
(a) Chauri-Chaura
(b) Dandi
(c) Champaran
(d) Bardoli
ANS: (c) Gandhiji returned from South Africa in 1915 and in 1917 he launched his first successful Satyagraha in Champaran in Bihar against the indigo planters at the request of Raj kumar shukla.

15. Match List I with List II and select the correct answer using the codes given below the lists: [2000]
List I List II
A. Chittagong Armoury Raid
1. Kalpana Dutt
B. Abhinav Bharat 2. Guru RamSingh
C. Anushilan Samiti 3. Vikram Damodar Savarkar
D. Kuka Movement 4. Aurobindo Ghosh
Codes:
(a) A-1; B-3; C-4;D-2
(b) A-1; B-3; C-3;D-4
(c) A-3; B-1; C-2; D-4
(d) A-3; B- 1; C - 4; D-2
ANS: (a) Chittagong Armoury Raid-April 1930; Abhinav Bharat - 1904; Anushi Ian Samiti - (1902, Calcutta)


Directions: The following items consist of two statements, one labelled as 'Assertion A' and the other labelled as 'Reason R', You are to examine these two statement carefully and decide if the Assertion' A' and the Reason' R' are individually true and if so, whether the Reason is a correct explanation of the Assertion. Select your answers to these items using the codes given below and mark your answer sheet accordingly.
Codes:
(a) Both A and R are true and R is the correct explanation of A
(b) Both A and R are true but R is not a correct explanation of A
(c) A is true but R is false
(d) A is false but R is true
16. Assertion (A): Lord Linlithgo described the August Movement of 1942 as the most serious revolt after the Sepoy mutiny.
Reason (R): Peasants joined the movement in large number in some place [2000]

ANS: (a) This movement placed the demand for independence on the immediate agenda of national movement. After Quit India, there could be no return. In this struggle, common people displayed unparalleled heroism. That's why Lord linlithgow (1936-44) described the quit India movement as the most serious revolt after sepoy mutiny.

17. Assertion (A): The basic weakness of the early nationalist movement lay in its narrow social base
Reason (R): If fought for the narrow interests of the social groups which joined it. [2000]
ANS: (c) R is incorrect as early nationalists fought for the rights of common people.

18. While delivering the presidential address, the Congress President who advocated the introduction of Roman script for Hindi language was: [2000]
(a) Mahatma Gandhi
(b) Jawaharlal Nehru
(c) Abul KalamAzad
(d) Subhash Chandra Bose
ANS: (d) In 1938. Haripura session by S.C. Bose

19. At the time of partition of India, which one of the following provinces of British India came forward with a plan for a united and independent existence? [2000]
(a) Punjab
(b) Assam
(c) Bengal
(d) Bihar
ANS: (a)

20. The Balkan Plan for fragmentation of India was the brain child of: [2000]
(a) W. Churchil
(b) M.A. Jinnah
(c) Lord Mountbatten
(d) V.P Menon
ANS: (c) Balkan Plan (1947) was the brain child of Mountbatten. This plan envisaged the transfer of power to separate provinces with Punjab and Bengal given the option to vote for partition of their provinces. The various units thus formed will have the choice to join India or Pakistan or remaining separate.

21. Consider the following statements about the Indian National Congress:
1. Saroj ini Naidu was the first woman to be the President of the Congress
2. C.R. Das was in prison when he functioned as the President of the Congress
3. The first Britisher to become the President of the Congress was Alan Octavian Hume
4. Alfred Webb was the President of the Congress in 1894. Which of these statements are correct? [2000]
(a) 1 and 3
(b) 2 and 4
(c) 2, 3 and 4
(d) 1, 2, 3 and4
ANS: (b) Sarojini Naidu was the second woman to be the President of the Congress (1925, Kanpur) first being the Annie Beasant (1917, Calcutta). A.O. Hume was the founder of INC in 1885. Alfred Webb was the President of the Congress in 1894 at Madras. CR Das acted as the President in 1921 in Ahmedabad session.

22. The Hunter Commission was appointed after the: [2001]
(a) Black-hole incident
(b) Jalianwalla Bagh massacre
(c) Uprising of 1857
(d) Partition of Bengal
ANS: (b) Hunter Commission/committee was appointed after the Jallianwala Bagh massacre (13 April 1919). Another Hunter commission (1882-83) emphsised on primary and secondary education.

23. Who among the following leaders proposed to adopt Complete Independence as the goal of the Congress in the Ahmedabad session of 1920? [2001]
(a) Abdul Kalam Azad
(b) Hasrat Mohani
(c) Jawahar Lai Nehru.
(d) Mohandas Karamachand Gandhi
ANS: (b)

24. Who among the following organized the famous Chittagong armoury raid? [2001]
(a) Laxmi Sehgal
(b) Surya Sen
(c) Batukeshwar Datta
(d) J.M. Sengupta
ANS: (b) The raid was conductcd in April 1930 by Surya Sen and involved 65 activists under the banner of Indian Republican army - Chittagong Branch. Surya Sen was arrested in Feb 1933 and hanged in Jan 1934.

25. A London branch of the All India Muslim League was published in 1908 under the presidency of: [2001]
(a) Aga Khan
(b) Ameer Ali
(c) Liaquat Ali Khan
(d) M.A. Jinnah
ANS: (b) Syed Ameer Ali established a branch of the League in London in 1908. supporting the same objectives.

26. Who among the following was the President of the All India States' Peoples' Conference in 1939? [2001]
(a) Jaya Prakash Narayan
(b) Sheikh Abdullah
(c) Jawahar Lai Nehru
(d) Sardar Vallabhbhai Patel
ANS: (c) The All India Stales Peoples' Conference was a political organization'in India during the British Raj. The first session of the organisation was held in Bombay in December 1927, Nehru was its president from 1935-1947.


27. With reference to the period of extremist nationalist movement in India with its spirit of Swadeshi, which one of the following statements in not correct? [2002]
(a) Liakat Hussain led the Muslim peasants of Barisal in their agitations
(b) In 1889, the scheme of national education was formulated by Satish Chandra Mukherjee
(c) The Bengal National College was founded in 1906 with j Aurobindo as the Principal
(d) Tagore preached the cult of Atmasakti, the main plank I of which was social and economic regeneration of the villages
ANS: (a)

28. With reference to the Indian freedom struggle, which one of the following statements is not correct? [2002]
(a) Hakim Ajmal Khan was one of the leaders to start a nationalist and militant Ahrar movement
(b) When the Indian National Congress was formed, Sayyid Ahmad Khan opposed it
(c) The All-India Muslim League which was formed in 1906 vehemently opposed the partition of Bengal and separate electorates
(d) Maulana Barkataullah and Maulana Obeidullah Sindhi were among those who formed a Provisional Government oflndia in Kabul.
ANS: (c) The All-India Muslim League founded at Dacca (now Dhaka, Bangladesh), in the Bengal Presidency, in 1906. It supported the partition of Bengal to provide ma jority to the Muslims after partition.

29. The real intention of the British to include the princely states in the Federal Union proposed by the India Act of 1935 was to: [2002]
(a) exercise more and direct political and administrative
(b) involve the princes actively in the administration of the colony
(c) finally effect the complete political and administrative take-over of all the princely states by the British
(d) use the princes to counter-balance the anti-imperialist doctrines of the nationalist leaders
ANS: (d)

30. The President of Indian National Congress at the time of partition of India was: [2002]
(a) C. Rajagopalachari
(b) J. B. Kripalani
(c) Jawaharlal Nehru
(d) Maulana Abul Kalam Azad
ANS: (b) Acharya JB Kriplani was the Indian National Congress President (Nov 1946- Dec 1947). In 1946, INC session was held at Merrut.

31. With reference to colonial period of Indian history, match List I (Person) with List II (Event) and select the correct answer using the codes given below the lists: [2002]
List I (Person) List II (Events)
A. Macdonald 1. Doctrine of Lapse
B. R Linlithgo 2. Communal Award
C. Dalhousie 3. August Offer
D. Chelmsford 4. Dyarchy
Codes:
(a) A-3; B-2; C-1; D-4
(b) A -3; B - 2; C -4; D -1
(c) A-2; B-3; C-1; D-4
(d) A - 2: B-3; C-4; D -1
ANS: (c) The communal award was announced by British PM, Ramsay McDonald in august 1932. August offer -1940; Under Doctrine of lapse, Dalhousie annexed Satara. Jaitpur, Sambalpur. Udaipur, Jhansi, Nagpur and Awadh. Governemnt of india Act 1919, introduced diarchy during the viceroyality of Chelmsford.

32. During the Indian freedom struggle, the Khudai Khidmatgars, also known as Red Shirts called for: [2002]
(a) the Union of Pakhtun tribal areas in north-west with the Afghanistan
(b) the adoption of terrorist tactics and methods for terrorising and finally ousting the colonial rulers
(c) the adoption of communist revolution ideology for political and social reform
(d) the Pathan regional nationalist unity and a struggle against colonialism.
ANS:(d) Khudai Khidmatgars were organized by Khan Abdul Gaffar khan (Frontier Gandhi). Khudai Khidmalgar literally translates as the servants of God, represented a non-violent freedom struggle against the British Empire by the Pashtuns (also known as Pathans. Pakhtuns or Afghans) of the North-West Frontier Province.


33. Assertion (A): The effect of labour participation in the Indian nationalist upsurge of the early 1930s was weak.
Reason (R): The abour leaders considered the ideology of Indian National Congress as bourgeois and reactionary. [2002]
(a) Both A and R are true and R is the correct explanation of A
(b) Both A and R are true but R is not a correct explanation of A
(c) A is true but R is false
(d) A is false but R is true
ANS: (a) The labour leaders were influenced by communist ideology and they considered INC as bourgeoisie and reactionary. That's why their participation in the Indian nationalist upsurge was weak.

34. The last opportunity to avoid the partition of India was lost with the rejection of: [2002]
(a) Cripps Mission
(b) Rajagopalachari Formula
(c) Cabinet Mission
(d) Wavell Plan
ANS: (c) Cabinet Mission (1946) was the last opportunity to avoid the partition of India with the formation of interim Government. But Muslim league rejected the plan even though they won 73 out of 78 seats in the Interim government. They did not attend the first meeting of constituent assembly on Dec 9, 1946.

35. The members of the Constituent Assembly which drafted the Constitution of India were: [2002]
(a) nominated by the British Parliament
(b) nominated by the Governor General
(c) elected by the Legislative Assemblies of various province
(d) elected by the Indian National Congress and Muslim League
ANS: (c) The members of the Constituent Assembly which drafted the Constitution of India were to be elected by provincial assemblies by proportional representation.


36. Who headed the Interim Cabinet formed in the year 1946? [2003]
(a) Rajendra Prasad
(b) Jawaharlal Nehru
(c) Sardar Vallabhbhai Patel
(d) Rajagopalachari
ANS: (b) Interim government was formed on Sept 2,1946 as per Cabinet mission proposal. It was headed by Jawahar Lai Nehru.

37. The leader of the Bardoli Satyagraha (1928) was: [2003]
(a) Sardar Vallabhbhai Patel
(b) Mahatma Gandhi
(c) Vithalbhai J. Patel
(d) Mahadev Desai
ANS: (a) The Bardoli Satyagraha of 1928, in the state of Gujarat was led by Vallabhbhai Patel. The women of Bardoli gave him the title of Sardar.

38. Assertion (A): In 1916, Maulana Mohammad Ali and Abul Kalam Azad resigned from the Legislative Council.
Reason (R): The Rowlatt Act was passed by the Government in spite of being opposed by all Indian members of the Legislative Council. [2003]
(a) Both A and R are true and R is the correct explanation of A
(b) Both A and R are true but R is not a correct explanation of A
(c) A is true but R is false
(d) A is false but R is true
ANS: (d) Rowlatt act was passed in March 1919. The act authorized the government to imprison any person without trial and conviction in a court of law. Maulana Mohd Ali and Abul Kalam Azad resigned from the legislative council in 1919 during khilafat movement (not in 1916).


39. With reference to Indian freedom struggle, which one of the following statements is NOT correct? [2003]
(a) The Rowlatt Act aroused a wave of popular indignation and led to the Jallianwala Bagh massacre
(b) Subhas Chandra Bose formed the Forward Bloc
(c) Bhagat Singh was one of the founders of Hindustan Republican Socialist Association
(d) In 1931, the Congress Session at Karachi opposed Gandhi-lrwin Pact
ANS: (d) In 1931, the Congress Session at Karachi endorsed (not opposed) Gandhi-Irwin Pact. It was presided by Vallabh Bhai Patel.

40. An important aspect of the Cripps Mission of 1942 was: [2003]
(a) that all Indian States should join the Indian Union as a condition to consider any degree of autonomy for India
(b) the creation of an Indian Union with Dominion status very soon after the Second World War
(c) the active participation and cooperation of the Indian people, communities and political parties in the British war efforts as a condition for granting independence with full sovereign status to India after war
(d) the framing of a constitution for the entire Indian Union, with no separate constitution for any province, and a Union Constitution to be accepted by all provinces
ANS: (b) Statement d is incorrect as any province not willing to join the Union could have a separate constitution and form a separate Union. Cripps mission provides for an Indian Union with a dominion status after the Second World War; which would be free to decide its relations with the Commonwealth and free to participate in the United Nations and other International bodies.

41. When Congress leaders condemned the Montagu- Chelmsford Report, many moderates left the party to form the: [2003]
(a) Swarajya Party
(b) Indian Freedom Party
(c) Independence Federation of India
(d) Indian Liberal Federation
ANS: (d) When Congress leaders condemned the Montagu- Chelmsford Report (July 1918), many moderates led by Surendra Nath Banerjea left the party to form Indian liberal federation in 1919.

42. Consider the following statements:
Some of the main features of the Government of India Act, 1935 were the:
1. Abolition of diarchy in the Governor's provinces
2. Power of the Governors to veto legislative action and to legislate on their own
3. Abolition of the principle of communal representation.
 Which of the statements given above is/are correct?[2004]
(a) 1 only
(b) 1 and 2
(c) 2 and 3
(d) 1, 2 and 3
ANS: (b) Provincial autonomy replaced diarchy. The Governor could refuse assent to bill, promulgate ordinances, and enact governor's acts. Statement 3 is incorrect as Separate electorates based on communal representation persisted in the GIA, 1935.

43. Consider the following statements:
1. The First Session of the Indian National Congress was held in Calcutta
2. The Second Session of the Indian National Congress was held under the presidentship of Dadabhai Naoroji
3. Both Indian National Congress and Muslim League held their sessions at Lucknow in 1916 and concluded the Lucknow Pact
Which of the statements given above is/are correct?[2004]
(a) 1 and 2
(b) 2 only
(c) 2 and 3
(d) 3 only
ANS: (c) Statement I is incorrect as first session was held in 1885 at Bombay (not in Calcutta) under the Presidentship of W.C. Bonnerji. The second session was held in Calcutta. Lucknow session in 1916 was presided by A.C. Majumdaar

44. Which one of the following statements is correct? [2004]
(a) The Constituent Assembly of India was elected by the Provincial Assemblies in the year 1946
(b) Jawaharlal Nehru, M.A. Jinnah and Sardar Vallabhbhai Patel were members of the Constituent Assembly of India
(c) The First Session of the Constituent Assembly of India was held in January, 1947
(d) The Constitution of India was adopted on 26th January, 1950
The Montagu-Chelmsford Report formed the basis of:
(a) the Indian Councils Act, 1909 [2004]
(b) the Government of India Act, 1919
(c) the Government of India Act, 1935
(d) the Indian Independence Act, 1947
ANS: (b) Montagu-Chclmsford or Montford Refonns which were announced in July 1918 in line with the government policy contained in Montagu's statement (August 1917) formed the basis of Gl A, 1919
46. During the Indian Freedom Struggle, who among the following proposed that Swaraj should be defined as complete independence free from all foreign control?[2004]
(a) Mazharul Haque
(b) Maulana Hasrat Mohani
(c) Hakim Ajmal Khan
(d) Abul Kalam Azad
ANS: (b) Maulana Hasrat Mohani proposed that Swaraj should be defined as complete independence free from all foreign control in 1921 when he was presiding the session of All India Muslim League in Lucknow.

47. The name of the famous person of India who returned the Knighthood conferred on him by the British Government as a token of protest against the atrocities in Punjab in 1919 was: [2004]
(a) Tej Bahadur Sapru
(b)Ashutosh Mukherjee
(c) Rabindra Nath Tagore
(d) Syed Ahmed Khan
ANS: (c) Rabindra Nath Tagore returned the Knighthood conferred on him by the British Government as a token of protest against the Jallianwala Bagh Massacre (April 13,1919).


48. Consider the following events during India's freedom struggle:
1. Chauri-Chaura Outrage
2. Minto-Morley Reforms
3. Dandi March
4. Montagu-Chelmsford Reforms
Which one of the following is the correct chronological order of the events above? [2004]
(a) 1,3,2,4
(b) 2,4,1,3
(c) 1,4,2,3
(d) 2,3,1,4
ANS: (b) Chaura- Chari - Feb 1922; M into-Morley reforms -1909; Dandi March - 1930; Montagu-Chelmsford Reforms – 1918

49. Where were the Ghadar revolutionaries, who became active during the outbreak of the World War I based? [2005]
(a) Central America
(b) North America
(c) West America
(d) South America.
ANS: (b) Ghadr revolutionaries were based at San Francisco and branches along the US Coast and in the far East.

50. Consider the following statements:
On the eve of launch of Quit India Movement, Mahatma Gandhi:
1. Asked the government servants to resign.
2. Asked the soldiers to leave their posts.
3. Asked the Princes of the Princely states to accept the sovereignty of their own people.
Which of the statement given above is/are correct? [2005]
(a) 1 and 2
(b) 2 and 3
(c) 3 only
(d) 1, 2 and 3
ANS: (c) Gandhi Ji asked the government servants not to resign but declare your allegiance to the Congress. Soldiers were asked not to leave their posts but do not fire.