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Legal Current Affairs Test - 4


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10 Questions MCQ Test Current Affairs & General Knowledge | Legal Current Affairs Test - 4

Legal Current Affairs Test - 4 for CLAT 2022 is part of Current Affairs & General Knowledge preparation. The Legal Current Affairs Test - 4 questions and answers have been prepared according to the CLAT exam syllabus.The Legal Current Affairs Test - 4 MCQs are made for CLAT 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Legal Current Affairs Test - 4 below.
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Legal Current Affairs Test - 4 - Question 1

Expand the term NBFC.

Detailed Solution for Legal Current Affairs Test - 4 - Question 1

A Non – Banking Financial Corporation is a company incorporated under the Companies Act 2013 or 1956. According to section 45-I (c) of the RBI Act, a Non – Banking Company carrying on the business of a financial institution will be an NBFC.
Hence, option C is correct.

Legal Current Affairs Test - 4 - Question 2

What do you mean by MSME?

Detailed Solution for Legal Current Affairs Test - 4 - Question 2

MSME stands for Micro, Small, and Medium Enterprises.
Hence, option D is correct.

Legal Current Affairs Test - 4 - Question 3

Who is presently the union minister of MSME ministry?

Detailed Solution for Legal Current Affairs Test - 4 - Question 3

Nitin Jairam Gadkari is an Indian politician and businessman from Maharashtra who is the current Minister for Road Transport & Highways, Minister of Shipping and the Minister of Micro, Small and Medium Enterprises in the Government of India.
Hence, option A is correct.

Legal Current Affairs Test - 4 - Question 4

When is MSME day celebrated?

Detailed Solution for Legal Current Affairs Test - 4 - Question 4

The United Nations on 6th April 2017 has adopted a resolution as per which 27th June to be observed every year as the day of Micro, Small and Medium E nterprises (MSME). The day was first observed in 2017, this year marks the 4th MSME Day.
Hence, option A is correct.

Legal Current Affairs Test - 4 - Question 5

When did globalization begin in India?

Detailed Solution for Legal Current Affairs Test - 4 - Question 5

The wake of globalization was first felt in the 1990s in India when the then finance minister, Dr Manmohan Singh initiated the economic liberalization plan. Since then, India has gradually become one of the economic giants in the world.
Hence, option B is correct.

Legal Current Affairs Test - 4 - Question 6

As per 2011 census, what is the percentage of Muslims in India?

Detailed Solution for Legal Current Affairs Test - 4 - Question 6

Islam is the second largest religion in India, with 14.2% of the country's population or roughly 172 million people identifying as adherents of Islam (2011 census). It makes India the country with the largest Muslim population outside Muslim-majority countries.
Hence, option A is correct.

Legal Current Affairs Test - 4 - Question 7

Who was the finance minister during the LPG reforms?

Detailed Solution for Legal Current Affairs Test - 4 - Question 7

In response to the above-mentioned crisis, the Finance ministry led by, the finance minister Manmohan Singh, initiated the economic liberalisation of 1991 with the support of the then Prime minister Narasimha Rao.
Hence, option C is correct.

Legal Current Affairs Test - 4 - Question 8

Who is said to be the founder of Islam?

Detailed Solution for Legal Current Affairs Test - 4 - Question 8

The rise of Islam is intrinsically linked with the Prophet Muhammad, believed by Muslims to be the last in a long line of prophets that includes Moses and Jesus.
Hence, option D is correct.

Legal Current Affairs Test - 4 - Question 9

Who introduced the LPG model of development along with the finance minister?

Detailed Solution for Legal Current Affairs Test - 4 - Question 9

The LPG model of development introduced by Prime Minister P. V. Narasimha Rao and his then-Finance Minister Dr. Manmohan Singh. The government of India introduced the LPG model.
Hence, option B is correct.

Legal Current Affairs Test - 4 - Question 10

Who is the current MD at the IMF?

Detailed Solution for Legal Current Affairs Test - 4 - Question 10

The current Managing Director (MD) and Chairwoman of the IMF is Bulgarian economist Kristalina Georgieva, who has held the post since October 1, 2019.
Hence, option B is correct.

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