The Supreme Court of India upheld the decision to implement the quota for other backward glasses (OBCs) in higher educational institutions. The court, however, excluded the 'creamy layer' from being a beneficiary. The reason is:

• Creamy layer is not an OBC; it is a forward caste

• Creamy layer is politically powerful

• It can compete with others on equal footing

• It can compete with others on equal footing

Hegde fund is a fund

• used for absorbing inflation

• used for cushioning health risks

• applied to minimize the risk of financial market transactions

• applied to minimize the risk of financial market transactions

What does strong Rupee as against the dollar mean to India ?

• There is a Balance of Payments surplus

• Indian economy is globally respected

• It is a sign of economic buoyancy

• It is a sign of economic buoyancy

Name the latest State which declared independence in 2008

• Serbia

• Kosovo

• Kurdistan

• Kurdistan

Name the Finance Minister who presented the highest number of
Budgets in the parliament so far

• P. Chidambaram

• Morarji Desai

• Manmohan Singh

• Manmohan Singh

Who is the Chairman of 13th Finance Commission constituted in 2007?

• Vijay Kelkar

• C. Rangarajan

• Ashok Lahiri

• Ashok Lahiri

Indo-U.S. nuclear deal was opposed in Parliament mainly because

• all Indian nuclear reactors would fall under American supervision

• Nuclear energy sector will be dominated by American corporations

• Nuclear relations between India and the U.S.A will be governed by the Hyde Act

• Nuclear relations between India and the U.S.A will be governed by the Hyde Act

The Indian industrialist who bought Tippu Sultan's sword in an auction in London was

• Vijay Mallya

• Anil Ambani

• Amar Singh

• Amar Singh

The contentious Baglihar dam is built on the river

• Indus

• Jheelum

• Chenab

• Chenab

Which country has its richest man as the head of the Government ?

• The USA

• Italy

• Saudi Arabia

• Saudi Arabia