General Awareness

(d) Michal Foucoult

Weber (bureaucracy), Fayol (administrative principles), Mayo (Hawthorne studies, human relations) and Taylor (scientific management) are all management thinkers. Michel Foucault was a French philosopher and social theorist.

(a) Security Market Line

The Security Market Line, which shows the required return of a security against its beta under CAPM, is a corporate finance concept used in cost of capital and valuation. The other terms belong to development, industrial relations and labour law.

(b) Circuit Breaker

A circuit breaker is a stock exchange mechanism that temporarily halts trading when prices move beyond a set limit. Capital adequacy ratio belongs to banking, open market to monetary policy, push and pull strategies to marketing, and cashless transaction to payments.

(c) Earnings Ratio

Lapse, surrender, bonus and sum assured are all life insurance terms (policy lapse, surrender value, bonus on policy, and the amount payable). Earnings ratio is a stock market/financial analysis measure.

(d) Actuary

Non-interest income, Basel II, letter of credit and margin lending are banking terms. An actuary is a professional who assesses risk and calculates premiums, working mainly in insurance and pensions.

(b) Depict fair picture of transaction

The main function of accounting is to record, classify and summarise financial transactions so that financial statements present a true and fair view of the business. Maximising profit or wealth are management goals, not the function of accounting.

(a) 2% tax for all employees

The Income Tax Act, 2058 does not impose a flat 2% tax on all employees; employment income is taxed at slab rates (with a 1% social security tax on the first slab). The corporate rate, concessions on certain income and exemptions for old age allowance are provided for in the Act.

(e) Identifying the need of customers and sell product

Marketing is about identifying and satisfying customer needs profitably, not merely selling, advertising or introducing products.

(d) Jagadish Ghimire

Amar Neupane (Seto Dharti), Jhamak Ghimire (Jeevan Kaanda Ki Phool) and Rajan Mukarung (Damini Bhir) are Madan Puraskar winners. Jagadish Ghimire, a poet, is the odd one out.

(d) ICAO

The International Civil Aviation Organization is a UN agency for aviation standards. WTO, UNCTAD, the Export Promotion and Trading Center and the International Road Transport Union all deal with trade or trade-related transport.

(b) Chhetri

In the 2011 census Chhetri was the largest caste group in Nepal (about 16.6% of the population), ahead of Brahmin (Hill), Magar and Tharu.

(e) Sri Lankan Rupee

Measured by exchange rate against the US dollar, the Sri Lankan Rupee has the lowest value among the options (it takes the most LKR to buy one dollar), compared with the Nepalese and Pakistani Rupee, Taka and Baht.

(a) Asian Development Bank

The ADB is a multilateral development financing institution that lends to governments and projects. It does not accept deposits or serve the public as a commercial bank, unlike the others listed.

(c) British Pound

The Pound Sterling has the highest value per unit among these currencies, at well above one US dollar, whereas the Swiss Franc, Australian, Canadian and Singapore dollars are lower in comparison.

(e) Protect the rights of the investors

The Securities Board of Nepal (SEBON), established under the Securities Act, 2063, regulates the securities market mainly to protect investors' interests and keep the market fair and transparent.

(c) The Institute of Chartered Accountants of Nepal

ICAN, formed under the Nepal Chartered Accountants Act, 2053, regulates the accounting profession by licensing, registering and disciplining auditors and accountants.

(e) Province no. 6

Province no. 6 (now Karnali Province) has the smallest population in Nepal, about 1.57 million in the 2011 census.

(b) 753

Nepal has 753 local levels: 6 metropolitan cities, 11 sub-metropolitan cities, 276 municipalities and 460 rural municipalities.

(c) Elected by Province parliament

The Chief Minister is the leader of the parliamentary party with a majority in the Provincial Assembly and is appointed by the Governor on that basis. Of the options, this one reflects it.

(e) All of above

The preamble of the Pokhara University Act envisages a university that serves the region, mobilises private-sector participation, and promotes management and technical education to produce skilled human resources.

(a) Bill Gates

Business @ the Speed of Thought (1999) was written by Bill Gates, co-founder of Microsoft, about using digital information systems to run a business.

(b) Tokyo

The Olympic Games scheduled for 2020 were awarded to Tokyo, Japan. They were postponed because of COVID-19 and held in 2021.

(c) Nawalparasi

Nawalparasi was divided into two districts under the 2015 federal structure: Nawalpur (Gandaki Province) and Parasi (Lumbini Province).

(e) Kirat literature of ancient religion and customs

The Mundhum is the oral and written scripture of the Kirat people (Rai and Limbu), containing their myths, rituals, religion and customs.

(b) Sikhandi

Sikhandi (Shikhandi), the child of King Drupada, is the transgender character in the Mahabharata and helped bring about Bhishma's fall in the war.

(a) FNCCI

The Federation of Nepalese Chambers of Commerce and Industry is the umbrella organisation of the Nepali private sector, covering trade and industry associations nationwide.

(d) 23 April, 2004

Nepal became the 147th member of the WTO on 23 April 2004, the first least developed country to join through the full working-party accession process.

(c) Authoritarian nationalism

Fascism is a far-right, authoritarian and ultranationalist ideology marked by dictatorial power, suppression of opposition and a strong state.

(a) Bi cameral

The Federal Parliament has two houses: the House of Representatives (275 members) and the National Assembly (59 members).

(d) Automatic Teller Machine

An ATM is an electronic machine that lets bank customers withdraw cash and perform other banking transactions without a teller.