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DAILY QUIZ- NOV 17

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1.      In Modern India, which of the following movement was referred to as “the Great Tumult”?

a)     Chuar uprising          

b)     Halba rebellion         

c)      Chakma rebellion

d)     Munda rebellion

 

Answer: D

Explanation:

Munda Rebellion:

·         It was the tribal movement led by Munda against the oppressions of the British Raj.

·         The movement was referred to as 'Ulgulan' or the 'Great Tumult' and aimed to establish Munda raj.

·         Munda used traditional symbols and language to rouse people and urged them to destroy the dikus.

·         Dikus was the name given to the outsiders like the British, moneylenders and traders and it was believed that the dikus were responsible for all the miseries.

·         Birsa and his rebellions started to attack the symbols of the outsiders like police stations and churches and raided the property of moneylenders and zamindars.

·         Birsa Munda was arrested by the British in March 1900 while he was sleeping with his tribal guerilla army at Jamkopai forest in Chakradharpur (Jharkhand).

 

2.      In modern India, the term “ Dikus “ denoted as------------------

a)     British

b)     Moneylenders

c)      Traders

d)     All the above

 

Answer: D

Explanation:

·         Dikus was the name given to the outsiders like the British, moneylenders and traders.

 

3.      Recently, the term “Gaslighting” was seen in news. The Gaslighting was referred as ------------------.

a)     Weather forecast

b)     Fluorescence Microscope

c)      Physiological Issue

d)     Study of Exoplanets

 

Answer: C

Explanation:

Gaslighting and it’s Working

Gaslighting is a type of psychological abuse. One person or a group manipulates another, making them question or doubt their own mental health.

The workings of the phenomenon:

·         Gaslighting is a phenomenon wherein techniques of manipulation are used to control people in politics and interpersonal relationships.

·         Stern explained that in order for such abuse to exist the mutual participation between the gaslighter (perpetrator) and the gaslightee (victim) is imperative.

 

4.      Sant Kumara Gurupara composed Kashi Kalambagam. It is a collection of ------------.

a)     Astrological ideas

b)     Grammar Poems

c)      Poems about Kings

d)     Poems about God

 

Answer: B

Explanation:

Sant Kumara Gurupara:

·         He was from Thoothukudi district and had negotiated with the princely state of Kashi to get a place for the consecration of Kedarghat and Vishvesvaralingam in Varanasi.

·         He also composed Kashi Kalambagam, a collection of grammar poems on Kashi.

 

5.      Consider the following statements about Vostro Accounts:

1)     It is an account that a domestic bank holds for a foreign bank in the domestic bank’s currency.

2)     They enable banks to keep funds in foreign currency without any exchange rate risk.

Which of the above statements is/are correct?

a)     1 only

b)     2 only

c)      Both 1 and 2

d)     Neither 1 nor 2

 

Answer: C

Explanation:

Vostro and Nostro Account:

·         A Nostro Account is said to be a record of deposits held by a bank with a foreign bank in the currency of the country holding the funds.

·         A Vostro Account is one that is managed by a correspondent bank on another bank’s behalf.

Advantages of Vostro and Nostro Accounts:

·         They help in executing large foreign exchange transactions without having any physical presence in other countries.

·         They enable banks to keep funds in foreign currency without any exchange rate risk.

·         It is easy to operate since it is a mere transfer of funds from one account to another in the same bank.