Daily Prelims MCQs 1 / 5 Q. Consider the following statements regarding Article 101 of the Indian Constitution: A person cannot simultaneously be member of both Houses of Parliament. Seat becomes vacant if member is absent for sixty days without permission. Questions of disqualification are decided by Supreme Court directly. Which of the statements given above is/are correct? (a) 1 only (b) 1 and 2 only (c) 2 and 3 only (d) 1, 2 and 3 2 / 5 Q. Consider the following statements regarding AT-1 Bonds: These bonds have no maturity and are treated as perpetual instruments. Investors can demand repayment of principal through put option anytime. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 3 / 5 Q. Consider the following statements regarding Forex Reserves: Foreign Currency Assets form largest component of India’s forex reserves. Forex reserves are held and managed by Ministry of Finance directly. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 4 / 5 Q. Variable Repo Rate (VRR) is primarily used by RBI to: (a) Fix long-term lending rates in banking sector (b) Inject short-term liquidity through auction mechanism (c) Control inflation through fiscal policy measures (d) Manage foreign exchange reserves directly 5 / 5 Q. Premium petrol differs from normal petrol mainly due to: (a) Higher sulphur content improving combustion (b) Lower volatility reducing evaporation losses (c) Higher octane rating reducing engine knocking (d) Absence of additives preventing carbon formation Your score isThe average score is 56% 0% Restart quiz
