English Quiz


English Quiz

Directions: (1 - ): Read the following passage carefully and answers the questions given below it. Certain words are given in bold to help you locate them while answering some of the questions.

The law is both a body of information and a system within which that information is used to resolve conflicts and preserve order within society.  To understand the law, one must both know the information that forms the basis of the law, and also appreciate how that information supports particular social interests such as public health or individual freedom.  Pharmacy law is a body of information about drugs, drug distribution, and drug therapy.  The information is used by legislatures, administrative agencies, and courts of law, to assure that all parties to whom responsibilities have been assigned by society meet those responsibilities.


When things have not gone well in drug therapy, the legal authorities are likely to ask who was in a position of responsibility prior to the problem having developed, and then to ask that the responsible person (or persons) account for actions taken.  A requirement that this explanation of actions be provided is known as accountability. If the responsible person or persons providing the accounting fail to furnish an acceptable explanation for the conduct, then liability will be imposed.  Liability is legal recognition that an acceptable accounting was not provided by a party who was in a position of responsibility when a problem occurred. The law defines a set of responsibilities for pharmacists and for others who are formally involved with medication use.   

Pharmacy law protects patients from harm that might occur if medications were used in ways that unreasonably increase the risk of their causing harm.  Some pharmacy laws relate to all drugs and the hazards of using them for therapeutic reasons.  Other laws relate to a subset of drugs that have the potential for abuse, and these laws seek to restrict inappropriate use while not interfering with legitimate use. In studying pharmacy law, the primary goal is to address the question: “How far should government go to protect people who use medications from the consequences of their own choices in drug therapy?” This is both an empirical question and a normative question, because it asks both what the rules are and what the rules ought to be. To fully appreciate pharmacy laws, it is important to understand what is required and why, as well as understand that pharmacy law is dynamic and can be changed to protect the public in ways that extend beyond the status quo.
Pharmacy is regulated at the federal and state levels.  Federal rules primarily relate to the drug product, while state rules primarily relate to the people who practice pharmacy and the practice sites within which they perform their professional duties.  As a general rule, pharmacists are required to comply with the most restrictive law, if both state and federal law address a specific issue and if they conflict on that issue.  For example, if under federal law a particular drug is not restricted to prescription-only sale, but under state law there is such a restriction, pharmacists may not sell the drug without a prescription, because state law would be stricter. Administrative agencies such as the board of pharmacy, at the state level, and the Food and Drug Administration (FDA) or the Drug Enforcement Administration (DEA), at the federal level, make rules for pharmacists and they enforce their own rules as well as rules made by the state and federal legislatures. 

1. When both federal and state laws are available on the same issue, why are pharmacists required to comply with the more restrictive law among the two?
(1) Stricter law would definitely be better than less strict law
(2) The Government wants to put restrictions on pharmacists anyhow.
(3) It leaves no room for mistake
(4) It ensures that room for mistake is minimal
(5) More than one of  the above

2. It can be inferred that a course on pharmacy laws should include all except a chapter on:  
(1) composition of drugs
(2)  marketing channel for drugs
(3) responsibilities of druggists
(4)  state & federal laws.
(5) None of these

3. The author has given an example of prescription-only medicine to highlight how pharmacists are bound to comply with the restrictive federal or state laws. Another example for illustrating the same fact can be –
(1) Federal law prohibits pharmacists to sell sleep inducing drugs to teenagers but state law allows sale of limited quantity of drugs
(2) Federal law makes it mandatory for pharmacists to wear their license all the times ;state law makes it mandatory for pharmacists to have in possession of their license all the times
(3) Federal law restricts use of a helper by pharmacists; state law allows use of a certified helper by  pharmacists
(4) State law demands batch number of drugs to be mentioned in bill by pharmacist while federal law demands batch number to be mentioned only in books of pharmacist
(5) None of these

4. What can be the purpose of the author for writing this passage?  
(1) To highlight the importance of pharmacy laws
(2) To explain the necessity of pharmacy laws
(3) To  explain the concept of pharmacy laws
(4) To  describe the enforcement procedure of pharmacy laws
(5) To highlight the importance of laws

5. What is the relationship between paragraph 1 and paragraph 2? 
(1) A problem is given in the first paragraph and the solution is given in the second one.
(2) A term is introduced in the first paragraph and is explained in the second one with examples.
(3) A definition is given in the first paragraph and some more terms are introduced in the second one.
(4) A concept is introduced in the first paragraph and is elaborated in the second one.
(5) None of these

6. Which one of the following is not true according to the passage? 
(1) Pharmacy laws are dynamic laws and can be changed for protection of patients from harm.
(2) Law not only punishes but also provides a review opportunity for those held accountable.
(3) Pharmacists are bound by three tier system of regulation – federal, state and administrative agencies.
(4) Pharmacy laws are mainly the list of restrictions on drug distribution.
(5) Pharmacy laws are formed at multiple levels

7. What does the author want to signify through the statement - ‘This is both an empirical question and a normative question’?
(1) The question is based on both experience and logic. 
(2) The question is based on experience and norms as well.
(3) Every pharmacy law is based on this question.
(4) This is the basic question of pharmacy law.
(5) Questions is irrelevant to the field of pharmacy

8. What can be considered as an example of ‘drug abuse’?
(1) A sprinter taking dosage of a prohibited drug to increase his chances in a race
(2) A person taking regular dosage of a drug to increase his intelligent quotient
(3) A doctor legally injecting a life taking drug in the vein of a patient suffering from incurable cancer
(4) A young divorcee taking sleep inducing pills after consulting her family doctor
(5) None of these


ANSWERS
1. 2
2. 1
3. 5
4. 3
5. 4
6. 2
7. 1
8. 1

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Day To Day Current Affairs - 30th October 2014


Day To Day Current Affairs - 30th October 2014

1. Malala won 2014 World’s Children prize

  I.      Malala Yousafzai won the 2014 World’s Children Prize on 29 October 2014 after a global vote involving millions of children.
II.      She received the prize at a ceremony in Mariestad near Stockholm. 
III.       She received 50000 US dollar as award.


2. SunEdison signed MoU with Rajasthan Government to set up 5000MW solar projects.

  I.      SunEdison Inc. on 28 October 2014 signed a Memorandum of Understanding (MoU) with the Rajasthan Government to establish 5000 MW capacity of solar power in Rajasthan in next five years.
II.      The MoU comes at an opportune time following the Rajasthan's Government new Solar Policy which aspires to create 25 GW of solar capacity in the state in the next few years.
III.      SunEdison intends to establish 5 GW of capacity in the form of multiple mega solar photovoltaic (PV) projects, with the expected capacity of each mega solar project at 500 megawatts (MW).

3. WhatsApp founders own nearly $9b in Facebook stock.

  I.      WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly $9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month.
II.      The breakdown of the big winners in Facebook Inc.’s $22 billion acquisition emerged Wednesday in a regulatory filing.
III.      Koum, a Ukraine immigrant who was once living on welfare, reaped the biggest jackpot with 76.4 million Facebook shares now worth $5.8 billion. That makes him Facebook’s fourth largest stockholder behind company CEO Mark Zuckerberg and two mutual funds, Fidelity Management and Vanguard.

4. Prez Mukherjee to award best performers among CPSEs on Nov 5

  I.      President Pranab Mukherjee will present the prestigious SCOPE Meritorious Awards to central public sector enterprises (CPSEs) on November 5.
II.      The Winners of Gold Trophy of the SCOPE Meritorious Awards in specialized fields (2012-13) are SAIL, BPCL, IOCL, HAL, BEL, PFC and NSKFDC," SCOPE said.
III.      CPSEs, which would be awarded, have been selected for performing well in various fields like corporate governance, corporate social responsibility, environment and sustainable development, human resource development, technology development & innovation, best managed bank, financial institution or insurance company and best managed PSE.

5. Austerity drive: No first class air travel for bureaucrats

  I.      Unveiling an austerity drive to trim fiscal deficit, the government has banned first class air travel for bureaucrats, meetings in five-star hotels and purchase of cars while freezing new appointments.
II.      The measures that are aimed at cutting non-plan spending by 10 per cent includes a ban on filling of vacant posts to reduce fiscal deficit to a 7-year low of 4.1 per cent of GDP.
III.      The previous UPA government had also clamped similar measures in 2012 and 2013 to cut down on fiscal deficit. Creation of new positions as well as car purchases are mostly banned and video conferencing should be used wherever possible.

IV.      The deficit which had touched a high of 5.7 per cent in 2011-12, was brought down to 4.8 per cent in 2012-13 and further to 4.5 per cent in 2013-14 by way of austerity measures. 


6.  Black money: I-T probe to be completed by March 2015

I. Attorney General Mukul Rohatgi on Wednesday submitted to the court in a sealed envelope, a list of 627 names of persons with foreign accounts along with a status report regarding the investigation conducted against them.
II. Mr. Rohatgi said India also has to sign the Foreign Account Tax Compliance Act with the U.S. government by December 31, 2014. The law would enable the U.S. government to supply data on Indians in the U.S. and vice versa.
III. “If India fails to keep the confidentiality clause, the U.S. will back out of such a treaty. Without the treaty, the U.S. will slap a 30 per cent withholding tax on all remittances from the U.S, including exports,” he said.
IV. Mr. Rohatgi said more than half the people in the list of 627 were Indian nationals while the rest were NRIs. He said most of them had accounts with the HSBC Bank, Geneva.

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Day To Day Current Affairs - 29th October 2014


Day To Day Current Affairs - 29th October 2014

1.    Surya Prakash appointed as Chairman of Prasar Bharti Board
i. Surya Prakash appointed as the Chairman of Prasar Bharti Board for a term of three years. 
ii. He succeeded Mrinal Pande whose term ended on April 2014.
iii. He was appointed on the recommendation of a three-member committee headed by Vice President M Hamid Ansari and comprising of Press Council of India Chairman Markandey Katju and Information and Broadcasting Secretary Bimal Julka.
iv. At present, he is a Distinguished Fellow at the Vivekananda International Foundation in New Delhi and Director of India Foundation in New Delhi.

2.    All foreign bank accounts will be assessed by March 2015: AG
i. With the Centre submitting a list of 627 account holders in foreign banks to Supreme Court in the blackmoney case, Attorney General Mukul Rohatgi on Wednesday said that the deadline for investigation under the Income Tax Act into these accounts is 31st March 2015.
ii. He said that the court directed that the sealed envelope with the names be given to the Special Investigation Team (SIT) and also allowed the Centre to put its "problems regarding treaties with foreign nations" before the SIT. 
iii. "After that we shall request them to submit the report in the court by November 30," the AG said on Wednesday. 
iv. "There are about 627-628 accounts along with a status report which we have submitted in the Supreme Court today in a sealed cover. Last date for investigation and assessment into all these accounts is March 31, 2015. 

3.    India ranks 142 in latest "Ease of Doing Business" report: WB
i. India ranked 142 among the 189 countries surveyed for the latest World Bank's "Ease of Doing Business" report released on Wednesday, a drop by two places from the last year's ranking, as Singapore topped the list.
ii. The fall in India's ranking from the last year's 140 is mainly because other nations performed much better, Bank officials said. In the 2014 report, India had 52.78 points and this year it scored 53.97 points. 
iii. The latest ranking, however, does not take into account a slew of measures taken by the Modi Government to make India a business friendly destination. 
iv. Singapore with 88.27 points occupies the top position in the ease of doing business followed by New Zealand, Hong Kong, Denmark and South Korea respectively. 
vAmong other major countries, the US has been ranked seventh, Britain (eight), China (90), Sri Lanka (99), Nepal (108), Maldives (116), Bhutan (125), and Pakistan (128). 

4.    India has 2nd largest proportion of highly paid expats: Survey
iIndia is home to the second largest proportion of high-earning expatriates in the world after China and ahead of countries such as Switzerland, Russia and Hong Kong - according to the seventh Expat Explorer survey by HSBC Expat.
ii. The Expat Explorer survey, conducted by YouGov, shared views of nearly 9,300 expats from around the world on the quality of life, financial well being and the ease of raising a family abroad.
iii. The survey also revealed that expats in India also report greater savings on everyday expenses and have substantial disposable income when compared to their home countries. Expats in India spend less on utilities (43%), groceries (42%), clothing (42%), healthcare (41%), housing (40%) and household goods (40%).

5.    ING Vysya Bank CEO Shailendra Bhandari resigned
i. Managing Director (MD) and Chief Executive Officer (CEO) of ING Vysya Bank Shailendra Bhandari on 28 October 2014 resigned from his post after taking charge of the Bangalore-based private lender. 

ii. 
He will continue to be in the office till 31 January 2015. However, Bhandari's term was schedule to end in August 2015. He took charge of ING Vysya Bank in August 2009. 
iii. The appointment of Uday Sareen as MD & CEO of ING Vysya Bank is now subjected to approval of Reserve Bank of India.


6.    India offers USD 300mn credit line to Vietnam for trade
i. Targeting an annual bilateral commerce of USD 15 billion by 2020, India on Tuesday offered a USD 300 million credit line to Vietnam for trade diversification.
ii. India has already extended a USD 100 million Line of Credit (LoC) last month to the South East Asian nation for defence procurement to help it modernise its armed forces. 
iii. During a meeting of Prime Minister Narendra Modi and his Vietnamese counterpart Nguyen Tan Dung where they noted that enhancing economic cooperation should be pursued as a strategic objective, a USD 300 million LoC was offered by India to strengthen commercial ties, official sources said. 
iv. The Vienamese Prime Minister welcomed Indian companies to invest in Vietnam and affirmed his country's commitment to create favourable conditions for Indian investments. 

7.    Amitabh Bachchan summoned by US court for instigating violence during 1984 riots
iBollywood legend Amitabh Bachchan was recently in news as he was summoned by a US Federal Court in Los Angeles on 28 October 2014 for allegedly instigating violence against the Sikh community during the November 1984 riots.
ii. Amitabh Bachchan  was accused of raising the slogan Khooon Ka Badla Khoon (blood for blood) on 31 October  1984 after then Prime Minister Indira Gandhi was shot dead by her two Sikh bodyguards.
iii. The complaint against Amitabh Bachchan was filed by New York-based Sikh for Justice (SFJ) and two alleged victims Babu Singh Dukhiya and Mohender Singh of the anti-Sikh riots.

1984 anti-Sikhs riots
The November 1984 anti-Sikhs riots were a series of persecutions directed against Sikhs in India by anti-Sikh mobs in response to the assassination of Indira Gandhi by her Sikh bodyguards.

8.    Zambian President Michael Sata dies in London
i. Zambian President Michael Sata has died in London, where he had been receiving treatment for an undisclosed illness, three private Zambian media outlets said. Reuters news agency also reported that a government source had confirmed the death. 
ii. Sata's health has been a subject of debate since June this year when he disappeared from the public for almost three months with speculation that he had gone to Israel for specialized treatment while the government said he had gone on a working holiday. 

9.    Bangladesh Jamaat-e-Islami Chief sentenced to death for war crimes
i. In Bangladesh, the International Crimes Tribunal today sentenced the Jamaat -e-Islami Chief Motiur Rahman Nizami to death penalty for crimes against humanity during 1971 Bangladesh Liberation War. 
ii. Nizami was the leader of the Students' Wing of the Jamaat -e-Islami during the Liberation War, and headed the infamous Al-Badr militia.
iii. He was arrested in June, 2010, on charges of war crimes, and had been lodged in the Kashimpur jail during the investigations. The verdict has come almost 4 months after it was postponed in June, 2014 after Nizami fell ill on the verdict day.

10.  South Africa tops ICC ODI rankings; India slips to 3rd position
i. South Africa has moved to the top of latest ICC ODI rankings with 115 rating points thanks to its clean sweep against New Zealand.
ii. This is the first time in five years that South Africa has surged to the top of the ODI team table. It was the number-one team in ODI format for the last time in September 2009.
iii. Australia has climbed to second position with 114 points while India has slipped to third position with 113 points in the ranking. Among the batsmen Virat Kohli goes down to number three after AB Deviiliers and Hashim Amla. India’s skipper Dhoni is at number six while Shikhar Dhawan slips to number nine.

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Bank Exam - Current Affairs Quiz


Current Affairs Quiz

Ques. : 1 What is the expanded form of CACP? It is a statutory body that advises the govt on the pricing policy for major farm produce? 
1) Commission for Agricultural Crops and Prices
2) Commission for Agricultural Crops and Production
3) Commission for Agricultural Costs and Production
4) Commission for Agricultural Costs and Prices
5) None of these


Ques. : 2 The sports ministry approved the name of who among the following for the highest sports award in the country, Rajiv Gandhi Khel Ratna Award, for 2014? 
1) Vikas Gowda
2) Mithali Raj
3) Parupalli Kashyap
4) Deepika Kumari
5) None of these

Ques. : 3 The Reserve Bank of India (RBI) issued draft guidelines for the implementation of Bharat Bill Payment System (BPPS). The BPPS system is based on a report submitted by the GIRO (Govt Internal Revenue Order) Advisory Group set up under the chairmanship of 
1) Umesh Bellur
2) Shashi Kant Sharma
3) CB Bhave
4) UK Sinha
5) None of these

Ques. : 4 IDBI Bank has revealed that the bank is looking to raise Rs 5,000 cr by paring down the govt of India stake in it from 76.5 per cent to 58 per cent or 51 per cent. Who among the following is the chairman and managing director (CMD) of IDBI bank? 
1) VR Iyer
2) MS Raghavan
3) TM Bhasin
4) JP Dua
5) None of these

Ques. : 5 A consortium of banks which has lent money to the beleaguered Kingfisher Airlines, has declared the airline a wilful defaulter. The country's top loan defaulter owes a staggering _________to banks. 
1) Rs 5,000 cr
2) Rs 6,000 cr
3) Rs 7,000 cr
4) Rs 9,000 cr
5) None of these

Ques. : 6 The govt has proposed to set up a Telecom Finance Corporation (TFC) to boost the telecom sector. Which of the following is NOT correct in this regard? 
1) The TFC will be set in the 12th Five Year Plan period (2012-17).
2) It will be registered as a non-banking and non-deposit infrastructure finance company.
3) The time frame to set up proposed TFC is up to Mar 31, 2017.
4) The main sources of funds for TFC shall be through issue of taxable and tax-free bonds.
5) None of these

Ques. : 7 Insurance sale and services through a common service centre (CSC) was launched by TS Vijayan, chairman of IRDA recently. The CSCs were set-up under __________ scheme. 
1) MGNREGA
2) Digital India
3) National e-Governance
4) Bharat Nirman
5) None of these

Ques. : 8 The Competition Commission of India (CCI) has imposed a combined penalty of more than Rs 2,500 cr on 14 companies related to which of the following sectors for unfair business practices recently? 
1) Textiles
2) E-commerce
3) Automobiles
4) Steel
5) None of these

Ques. : 9 The Govt finalised Governors for some states recently. Which of the following pairs is NOT correct in this regard? 
1) Rajasthan – Kalyan Singh
2) Karnataka – Vajubhai Vala
3) Goa – Mridula Sinha
4) Maharashtra – C Vidyasagar Rao
5) None of these

Ques. : 10 Sheila Dikshit resigned as Governor of which of the following states recently? 
1) Maharashtra
2) Karnataka
3) Tamil Nadu
4) Kerala
5) None of these




ANSWERS
1. 4) Commission for Agricultural Costs and Prices
2. 5) None of these
3. 1) Umesh Bellur
4. 2) MS Raghavan
5. 3) Rs 7,000 cr
6. 5) None of these
7. 3) National e-Governance
8. 3) Automobiles
9. 5) None of these
10. 4) Kerala

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