1. THE INTERNATIONAL DATELINE PASSES THROUGH WHICH STRAIT

Answer: BERING STRAIT

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MCQ-> Read the given passage carefully and select the best answer to each question out of the four given alternatives.The Divine Comedy is a narrative poem describing Dante's imaginary journey. Midway on his journey through life Dante realizes he has taken the wrong path. The Roman poet Virgil searches for the lost Dante at the request of Beatrice; he finds Dante in the woods on the evening of Good Friday in the year 1300 and serves as a guide as Dante begins his religious pilgrimage to find God. To reach his goal, Dante passes through Hell, Purgatory and Paradise. The Divine Comedy was not titled as such by Dante; his title for the work was simply Commedia or Comedy. Dante’s use of the word "comedy" is medieval by definition. To Dante and his contemporaries, the term "comedy" meant a tale with a happy ending, not a funny story as the word has since come to mean. Dante and Virgil enter the wide gates of Hell and descend through the nine circles of Hell. In each circle they see sinners being punished for their sins on earth; Dante sees the torture as Divine justice. Dante first travels through circles of hell and then through 3 rings before entering the 8th circle. Then there are 9 bowge before Dante reached the 9th circle. After 9th circle Dante has to travel 4 more regions. On Easter Sunday, Dante emerges from Hell. Through his travels, he has found his way to God and is able, once more, to look upon the stars.To reach god, Dante has to pass through which of the following?
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MCQ-> Read the passage carefully and choose the best answer to each question out of the four alternatives. International trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic, social and political importance has been on the rise in recent centuries. Industrialization, advances in tecnology, transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is, in principle, not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries.Which of the following is one of the factors of production ?
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MCQ-> Read the following passage carefully and answer the questions given at the end. The second issue I want to address is one that comes up frequently - that Indian banks should aim to become global. Most people who put forward this view have not thought through the costs and benefits analytically; they only see this as an aspiration consistent with India’s growing international profile. In its 1998 report, the Narasimham (II) Committee envisaged a three tier structure for the Indian banking sector: 3 or 4 large banks having an international presence on the top, 8-10 mid-sized banks, with a network of branches throughout the country and engaged in universal banking, in the middle, and local banks and regional rural banks operating in smaller regions forming the bottom layer. However, the Indian banking system has not consolidated in the manner envisioned by the Narasimham Committee. The current structure is that India has 81 scheduled commercial banks of which 26 are public sector banks, 21 are private sector banks and 34 are foreign banks. Even a quick review would reveal that there is no segmentation in the banking structure along the lines of Narasimham II.A natural sequel to this issue of the envisaged structure of the Indian banking system is the Reserve Bank’s position on bank consolidation. Our view on bank consolidation is that the process should be market-driven, based on profitability considerations and brought about through a process of mergers & amalgamations (M&As;). The initiative for this has to come from the boards of the banks concerned which have to make a decision based on a judgment of the synergies involved in the business models and the compatibility of the business cultures. The Reserve Bank’s role in the reorganisation of the banking system will normally be only that of a facilitator.lt should be noted though that bank consolidation through mergers is not always a totally benign option. On the positive side are a higher exposure threshold, international acceptance and recognition, improved risk management and improvement in financials due to economies of scale and scope. This can be achieved both through organic and inorganic growth. On the negative side, experience shows that consolidation would fail if there are no synergies in the business models and there is no compatibility in the business cultures and technology platforms of the merging banks.Having given that broad brush position on bank consolidation let me address two specific questions: (i) can Indian banks aspire to global size?; and (ii) should Indian banks aspire to global size? On the first question, as per the current global league tables based on the size of assets, our largest bank, the State Bank of India (SBI), together with its subsidiaries, comes in at No.74 followed by ICICI Bank at No. I45 and Bank of Baroda at 188. It is, therefore, unlikely that any of our banks will jump into the top ten of the global league even after reasonable consolidation.Then comes the next question of whether Indian banks should become global. Opinion on this is divided. Those who argue that we must go global contend that the issue is not so much the size of our banks in global rankings but of Indian banks having a strong enough, global presence. The main argument is that the increasing global size and influence of Indian corporates warrant a corresponding increase in the global footprint of Indian banks. The opposing view is that Indian banks should look inwards rather than outwards, focus their efforts on financial deepening at home rather than aspiring to global size.It is possible to take a middle path and argue that looking outwards towards increased global presence and looking inwards towards deeper financial penetration are not mutually exclusive; it should be possible to aim for both. With the onset of the global financial crisis, there has definitely been a pause to the rapid expansion overseas of our banks. Nevertheless, notwithstanding the risks involved, it will be opportune for some of our larger banks to be looking out for opportunities for consolidation both organically and inorganically. They should look out more actively in regions which hold out a promise of attractive acquisitions.The surmise, therefore, is that Indian banks should increase their global footprint opportunistically even if they do not get to the top of the league table.Identify the correct statement from the following:
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MCQ->Read the sentences and choose the option that best arranges them in a logical order.a. Generally, it is unusual for a new problem in international relations to be considered without at the same time some international organization being developed to deal with it. b. International society has, in spite of the diversity of culture and political systems, been progressively drawn closer together and become more unified. c. Despite the fears and concerns of some governments that international organizations are increasing too fast and that they are a burden on their exchequers, they are still proliferating at a considerable rate. d. People and their governments now look far beyond national frontiers and feel a common responsibility for the major problems of the world and for lesser problems that may subsist within smaller groups of states. e. More recently in the 1990s the problems of international trade, which was growing increasingly complex, led to the development of the WTO. f. For instance, concern with the instability of commodities markets led to the establishment in the 1980s of the Common Fund for Commodities and the competition for the newly discovered wealth of the international seabed area resulted in the creation of the ISA under the Law of the Sea Convention of 1982, based on the concept of the ‘the common heritage of mankind’....
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