Explore topic-wise InterviewSolutions in Current Affairs.

This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.

1.

What are histones?

Answer»

Histones are positively charges proteins found in association with DNA in eukaryotic cell.

2.

What is cocoon ?

Answer»

The capsule like structure is known as cocoon (pattukaaya).

3.

Over use of chemical fertilizers harmfully affect the environment and human survival. Make discussion . points to reduce the use of chemical fertilizers.

Answer»

Organic farming and use of bio fertilizers.

4.

Microbes can be used to decrease the use of chemical fertilizers and pesticides? Explain how this is accomplished.

Answer»

By switch to organic farming using bio fertilizers like bacteria, fungi, and cyanobacteria.

Eg: Rhizobium, Glomus, Anabaena, Nostoc etc.

5.

Which one of the following microbe produce Statins(a) Bacillus thuringiensis(b) Saccharomyces cerevisiae (c) Trichoderma polysporum (d) Monascus purpureus

Answer»

(d) Monascus purpureus

6.

Microbes can be used to decrease the use of chemical fertilisers and pesticides. Explain how this can be accomplished.

Answer»

Chemical fertilizers are used to increase availability of minerals while pesticides are economically harmfull and toxic to human being, cattles. This disturbs biological environment. Microbes used as fertilizers (bio fertilizes) and pesticide (bio pesticide) are not harmful to ecology and humans. Organic farming uses them and provides increased production.

7.

Give the name of the microbes from which cyclosporine A and statins are obtained. How cyclosporine A and status are useful to man?

Answer»

Cyclosporin A is produced by the fungus Trichoderma polysporum Statins are produced by a yeast, Monascus purpureus. 

Uses – Cyclosporin A is used as an immuno suppressive agent during organ transplantation. Statins are used for lowering the levels of blood cholesterols, as it acts as a competitive inhibitor of the enzyme involved in cholesterol synthesis.

8.

Find out the name of the microbes from which Cyclosporin A (an immuno-suppressive drug) and Statins (blood cholesterol lowering agents) are obtained.

Answer»
  • Cyclosporin A from Trichoderma polysporum 
  • Statins from yeast Monascus purpureus.
9.

Caterpillars feed bv leaves. A) Grass B) Leaves C) Cocoon D) Mulberry leaves

Answer»

The correct answer is D) Mulberry leaves.

10.

Which are the nucleosomal ‘core’ histones?

Answer»

Two molecules each of histone proteins, viz. H2 A. H2 B, H3 and H4 are the nucleosomal ‘core’ histones.

11.

Fill in the blanks1. ……………….. goat is famous for wool. 2. ……………….. is the goat variety which give luxurious wool in India. 3. ……………….. animal shed their hair every year which has similar properties to wool. 4. Camels are reared in ……………….. states. 5. Camels are reared for ……………….. .6. Yaks are found in ……………….. of India. 7. ……………….. breed of rabbit’s fur is used to make colourful coats. 8. The first step in the processing of fibres into wool is ……………….. . 9. Shearing is generally done during ……………….. season. 10. ……………….. is used for scouring of wool. 11. We get colourful woolen clothes by the process of ……………….. . 12. The process of wrapping the fleece between the two surfaces to make the fibres into a fluffy roll is called ……………….. . 13. ……………….. village is famous for quality woolen carpets in Kurnool district. 14. Cocoons are also known as ……………….. . 15. In four stages of silk moth ……………….. stage is important for obtaining silk.

Answer»

1. Angora 

2. Kashmere 

3. Camel 

4. Rajasthan, Haryana and Gujarath 

5. milk, meat and wool 

6. Ladhak 

7. Angora 

8. shearing 

9. Spring 

10. detergent 

11. dyeing 

12. Carding 

13. Parla 

14. Pattukaayalu 

15. Larva

12.

Do you think microbes can also be used as source of energy? If yes, How?

Answer»

The microbes present in activated sludge are digested an aerobically to generate an inflammable bio gas or gobar gas which is used as source of energy.

13.

What are the most important resources for living things?

Answer»

1. The soil and water are the most important resources for living things. 

2. There is no life without these resources.

14.

Histones are the proteins found associated with eucaryotic DNA. Name the two Amino acids which is found in greater quantity in Histones.

Answer»

Lysines and Arginines

15.

Three water samples namely river water, untreated sewage water and secondary effluent discharged from a sewage treatment plant were subjected to BOD test. The samples were labelled A, B and C; but the laboratory attendant did not note which was which. The BOD values of the three samples A, B and C were recorded as 20mg/L, 8mg/L and 400mg/ L, respectively. Which sample of the water is most polluted? Can you assign the correct label to each assuming the river water is relatively clean?

Answer»

B least BOD, so its river water A discharged from sewage treatment plant C highest BOD, untreated sewage water.

16.

Microbes can be used to decrease the use of chemical fertilizers and pesticides. Explain how this can be accomplished?

Answer»

By the use of biofertilizers and biological pest control method. The use of chemical fertilizers and pesticides can be reduced. 

The fertility of the soil depends not only on its chemical composition but also on the presence of useful microbes in it, which enrich the nutrient quality of the soil. The main source of biofertilizers are bacteria, fungi and cyanobacteria.

17.

Find out the name of the microbes from which cyclosporine A and Statins are obtained.

Answer»

1. Cyclosporin A -Trichoderma Polysporum (a fungus)

2. Statins – Monascus Purpureus (a yeast)

18.

These are called silk worms. A) Silk moths B) Caterpillars C) Imagoes D) Pupas

Answer»

The correct answer is B) Caterpillars.

Option B

Caterpillars are called silk worms.
19.

Fill in the blanks1. Silk worms prefer to eat ……………….. . 2. The larvae are kept in specialized cane structures called ……………….. . 3. The process of killing larvae inside cocoon by putting them in steam is known as ……………….. . 4. The process of extracting threads from cocoon is called ……………….. . 5. The scientific name of silkworm is ……………….. . 6. W.H.O refers to ……………….. . 7. Animal fibres are dissolved in ……………….. . 8. ……………….. chemical is present in toilet cleaners, disinfectants and cloth whiteness. 9. ……………….. are kept in the clothes to protect them from insects. 10. ……………….. protein is present ip wool fibres. 11. ……………….. protein is present in silk fibres. 12. Rearing of silk worms for getting silk is known as ……………….. . 13. Masks made of ……………….. avoid skin allergies and itching caused by longtime usage. 14. WHO recommends a ……………….. layered cotton fabric mask to protect ourselves from ……………….. . 15. We buy woolen clothes specially for ……………….. .

Answer»

1. Mulberry leaves 

2. Chandrikalu 

3. stiffling 

4. Reeling 

5. Bombyx mori 

6. World Health Organization 

7. Chlorine bleach 

8. Sodium hypochlorite 

9. ball of phenopthalene 

10. Keratin 

11. Fibroin 

12. Sericulture 

13. natural fabric 

14. three, COVID -19 

15. winter

20.

Three water samples namely river water, untreated sewage water, and secondary effluent discharged from a sewage treatment plant were subjected to BOD test. The samples were labeled A. B. and C, but the laboratory attendant did not which was which. The BOD values of the three samples A, B, and c were recorded as 20 mg/L. 8 mg/L and 400 mg/L respectively. Which sample of the water is most polluted? Can you assign the correct label to each assuming the river water is relatively clean?

Answer»

1. Sample A - Secondary effluent 

2. Sample B – River Water 

3. Sample C – Untreated Sewage water.

21.

Three water samples namely river water, untreated sewage water, and secondary effluent discharged from a sewage treatment plant were subjected to BOD test. The samples were labelled A, B, and C, but the Laboratory attendant did not note which was which. The BOD values of the three samples A, B, and C were recorded as 20 mg/L, 8 mg/L, and 400 mg/L, respectively. Which sample of the water is most polluted? Why?

Answer»

The sample C is more polluted. So the bottle labelled C was untreated sewage water, because it has the highest BOD 400 mg/L.

BOD is a measure of organic matter present in water. The greater the BOD of waste water, more is its polluting potential.

22.

Food for silk worms. A) Mulberry leaves B) Mango leaves C) Coconut leavesD) Jasmine leaves

Answer»

The correct answer is A) Mulberry leaves.

23.

The number of scrutineers to be appointed by the Chairman of a general meeting is (a) 3 (b) 2 (c) 1 (d) 4

Answer»

The number of scrutineers to be appointed by the Chairman of a general meeting is 2.

24.

A special notice is required for (a) Removal of a member (b) Removal of the Company Secretary (c) Removal of a nominee director (d) None of the above

Answer»

(d) None of the above

25.

The majority required in a shareholders meeting to approve a scheme of arrangement is simple majority of shareholders holding at least (a) 3/4lh in value of the shares (b) 2/3rd in value of the shares (c) 9/10th in value of the shares

Answer»

(a) 3/4lh in value of the shares 

26.

The minimum number of directors of the audit committee in the case of a listed company with 12 directors shall be (a) 2 Directors (b) 3 Directors (c) 4 Directors (d) 5 Directors

Answer»

(b) 3 Directors

27.

A director appointed by the Board to hold the office until the conclusion of next annual general meeting is known as (a) Additional director (b) Alternate director (c) Nominee director (d) Director retiring by rotation

Answer»

(a) Additional director 

28.

Statutory auditor of a company in which the Central Government holds 49% and a government company holds 19% of the paid-up share capital of the company, shall be appointed by the (a) Central Government (b) Members of the company in the AGM by passing ordinary resolution (c) Members of the company in the AGM by passing a special resolution (d) By the Comptroller and Auditor General of India.

Answer»

(d) By the Comptroller and Auditor General of India.

29.

Global Ltd. has the paid-up equity capital structure – Central Government: 38%; State Government: 10%; Subsidiary of a Government Company: 17.50%; and retail shareholders remaining shares. Which of the following classes of companies would it belong to – (a) Government company (b) Non-government company (c) Deemed public company (d) Deemed private company

Answer»

(a) Government company

30.

Non-executive directors of a public company may get remuneration on quarterly basis if such basis of payment is approved by/under (a) Articles of association of the company (b) General meeting of the company (c) Central Government (d) Schedule XIII of the Companies Act, 1956.

Answer»

(c) Central Government

31.

A company in which 50.25% of shares are held by one State Government while the rest of the shares are held by private sector companies and by retail shareholders i. e., members of public, is a (a) Government company (b) Public company (c) Corporation (d) Private sector company

Answer»

(b) Public company

32.

An Indian public company holds 80% of the paid-up share capital of a company incorporated at a place outside India. Is the annual statement of the latter company required to be attached to the annual statement of the former company pursuant to Section 212 (a) No, as it is foreign company. (b) No. as the format of the annual accounting statement is not as per Schedule VI of the Companies Act, 1956. (c) Yes

Answer»

Correct Answer is: (c) Yes

33.

On incorporation of a company, the Registrar of Companies in addition to the Certificate of Incorporation, issues a unique identification number called – (a) Unique corporate number (b) Corporate identification number (c) Company identification number (d) Unique identification number

Answer»

Correct Answer is: (a) Unique corporate number

34.

Explain the formation process of limited companies.

Answer»

Paper process Under section 9 of the Companies Act 2006, those forming a company must send the following documents, together with the registration fee, to the Registrar of Companies. Most incorporations submitted by paper take around 5 working days to be accepted. For detailed information see the Companies House guide.

Articles of association The articles of association (often referred to as just ‘articles’) is the document which sets out the rules for the running of the company’s internal affairs. The company’s articles delivered to the Registrar must be signed by each subscriber in front of a witness who must attest the signature. In the event that articles are not registered for the new company, model (default) articles will be registered. These model articles can be chosen to be adopted in the IN01 form. This new procedure was introduced by the Companies Act 2006, Section 20.

This contains the intended situation of the Registered Office, (this will be either in England and Wales, Northern Ireland, Scotland or Wales), the details of the consenting Secretary and Director(s), details of the subscribers and, in the case of a company limited by shares, details of the share capital. The form also includes the Statement of Compliance that the requirements of the Companies Act have been complied with. Memorandum of association

This contains the names and signatures of the subscribers that wish to form the company and, in the case of a company limited by shares, a commitment by the subscribers to take at least one share each. A draft template is available on the Companies House website. It sets out constitution of a company and the foundation on which the structure of a company is based. In other words, memorandum of association is considered the charter or constitution of the company because it lays down the objectives of the company precisely and clearly, defines scope of its relation with the investor and outside world.Electronic process The electronic process can be accessed using compatible software that works with the Companies House eFiling service and an account with Companies House. Company formation agents have direct finks into Companies House, to look up the company name, and submit the company. Different agents have differences in their processes caused by their website and software implementation. Companies House have a fist of company formation agents that have passed integration testing.

Electronic process The electronic process can be accessed using compatible software that works with the Companies House eFiling service and an account with Companies House. Company formation agents have direct finks into Companies House, to look up the company name, and submit the company. Different agents have differences in their processes caused by their website and software implementation. Companies House have a fist of company formation agents that have passed integration testing.

35.

List and explain the type of companies.

Answer»

The types of companies are: 

1. Sole Proprietorship – A sole proprietorship, also known as a trader firm or proprietorship, is a business form that is owned and run by one individual. A sole proprietor may use a trade name or business name other than his or her name. Registration not required – In summary, biggest advantage is quick formation and low compliances. However, the biggest disadvantage is unlimited liability.

2. Partnership – The relation between persons who have agreed to share the profits of a business carries on by all or any of the acting for all. Registration the partnership firm is compulsory and the liability is joint and unlimited. Active partners take part in dayto-day operations of the business, in addition to investing in it. Active partners are entitled to a share of the enterprise’s profits. Sleeping partners invest in the business and are entitled to a share of its profits, but do not participate in day-to-day operations.

3. HUF (Hindu Undivided Family) – businesses owned by a joint family belonging to Hindu religion. Even though Jain and Sikh families are not governed by the Hindu law, they can still form a HUF.

4. Cooperative Societies – Meaning

5. Dormant company – A company which has been created for a future project or for holding assets including intellectual property of the company

6. Small company – A company other than a public company whose paid up share capital is not more than 50 lakh and turnover does not exceed crore is a small company.

7. Public sector undertaking (PSU) – Alternatively known as Public Sector Enterprise (PSE). It may be public limited company listed on stock exchanges with major ownership by a state government or a central government of India or it may be unlisted entity with major ownership by a state government or a central government of India. Some of these entities are formed as business entities through special legislation, where these entities are governed by the statutes of these legislation and may or may not be governed by company laws like a typical business entity.

8. One-person company – It is a type of private company which can have only one director and member.

9. Unlimited Company – A company, similar to its limited company (Ltd, or Pvt Ltd) counterpart, but where the liability of the members or shareholders is not limited.

36.

As per the provisions of the Companies Act, 1956, the form of proxy must be deposited with the company at least (a) 24 Hours before the time of AGM (b) 36 Hours before the time of AGM (c) 48 Hours before the time of AGM (d) 72 Hours before the time of AGM

Answer»

(c) 48 Hours before the time of AGM

37.

State whether following statement is true or false.Ratio Analysis is useful for inter-firm comparison.OptionsTrueFalse

Answer»

True

Explanation: Ratio analysis helps an organisation to compare the results of the business with other firms, industries and also helps in appraising the progress and growth of the organisation over the years. It facilitates comparison and helps in determining whether the business is doing better than other firms and if it is not, what are the improvement areas and the reasons for them.

38.

Which type of financial analysis will be used for inter-firm and intra-firm comparison?

Answer»
  • External Analysis
  • Internal Analysis
  • Horizontal Analysis
  • Vertical Analysis.
39.

State two important pars of profit and loss statements.

Answer»

Total revenue and total expenses are two important parts of profit and loss statements.

40.

The most commonly tools used for financial analysis are :(a) Ratio analysis(b) Horizontal analysis(c) Vertical analysis(d) All of these

Answer»

(d) All of these

41.

What is changes in the stock?

Answer»

Changes in the stock means difference of opening and closing stock.
Changes in stock = Opening stock – Closing stock

42.

In which form comparison of common size statements can be done?

Answer»

In common size statements, comparison can be done in vertical form.

43.

State whether the following statement are True or False.Partners must share profits and losses equally.OptionsTrueFalse

Answer»

False.

Explanation: It is not mandatory for the partners to share profits and losses equally amongst themselves. They can share the benefits in any ratio as decided. The profits or losses will be distributed equally only when they agree or when the partnership deed is silent in this respect. Hence, the given statement is false.

44.

Select the most appropriate alternative from those given below and rewrite the statement.Maximum ___________ persons are required to form a partnership having Banking business.OptionsTwoSevenTenTwenty

Answer»

Maximum ten persons are required to form a partnership having Banking business.

Explanation: According to the Companies Act, 1956, a maximum of ten persons can form a partnership having Banking business.

45.

What is the other name of horizontal analysis?

Answer»

Other name of horizontal analysis is time series analysis.

46.

In which form comparison can be done in comparative statements?

Answer»

In comparative statements, comparison can be done in horizontal form.

47.

Write the components which form Computerized Accounting System.

Answer»

Hardware, Software, and company Personnel are the components that form Computerized Recounting System.

48.

State whether the following statements are true or false with reason:In the computerized accounting system, closing balances are carried forward to the next period, automatically.

Answer»

This statement is True. 

Just like a manual accounting system, closing balances are not to be carried forward for the next period, in a computerized accounting system. As per the program it is automatically carried forward.

49.

Explain Common Size Statements.

Answer»

This method is used to know the change of trend in the data of different accouns shown in balance sheet and in income statements in proportion of assets and in proportation of total sales of a business unit.

In this method, the following points are included :

  • Comparison of balance sheet and income statement are done for two years or more than two years.
  • Net sales is taken as base for income statement and total of balance sheet is taken as base for balance sheet. It is considered as 100%.
  • In income statement, precentage found for revenue, expenses and taxes for both previous and current year.
  • Difference of both year percentage is used for analysis and interpretation.
  • In balance sheet, precentage of both year (previous and current) for each liabilities and for each assets are found out.
  • This statement is also known as 100 percentage statement.
  • This analysis is done in the vertical form. Thus, it is known as vertical analysis of financial statements.
  • By following formulas missing data are found out.

Common Size Statement of Profit and Loss Statement :

  • Proportion of Revenue/expenses to Sales = \(\frac{ Amount \,of\, revenue/expenses}{  Amount \,of\, total\, sales \,in\, rupees } × 100\)
  • Revenue/expenses amount in rupees =  \(\frac{Total \,amount \,of\, sales × Percentage \,of \,revenue/expenses}{ 100}\)
50.

State whether the following statements are true or false with reason:Computerized Accounting is better than manual accounting.

Answer»

This statement is True.

Due to computerized Accounting, firms or businesses can save time, expenses and get the best output within no time which is not possible in manual accounting therefore computerized accounting is better than manual accounting.