What is the present Marginal Standing Facility ?

What is the new reverse repo rate?

New rate of repo?

Which of the following is true about the India-USA agreement on developing gas resources ?

(A)           Both the nations will cooperate in exploiting gas hydrates in Krishna, Godavari and Mahanadi basins and deep sea of Andaman.

(B)           USA will help in establishment of an IIT exclusively for research and training in the areas of gas technology.

(C)            India will send its experts to find out more gas reserves in various parts of USA particularly in deep sea of Alaska as they have special training in the same.

Passage-7

There is more than a modicum of truth in the assertion that "a working knowledge of ancient history is necessary to the intelligent interpretation of current events". But the sage who uttered these words of wisdom might well have added something on the benefits of studying particularly the famous battles of history for the lessons they contain for those of us who lead or aspire to leadership. Such a study will reveal certain qualities and attributes which enabled the winners to win—and certain deficiemcies which caused the losers to lose and the student will see that the same pattern recurs consistently, again and again, throughout the centuries.

 With reference to the above passage, the following assumptions have been made:

1. A study of the famous battles it history would help us understand the modern warfare.

2. Studying the history is essential fin anyone who aspires to be a leader.

Which of these assumptions is/are valid?

Passage-6

The greatest blessing that technological progress has in store for mankind is not, of course, an accumulation of material possessions. The amount of these that can be effectively enjoyed by one individual in one lifetime is not great. But there is not the same narrow limit to the possibilities of the enjoyment of leisure. The gift of leisure may be abused by people who have had no experience of making use of it. Yet the creative use of leisure by a minority in societies has been the mainspring of all human progress beyond the primitive level.

With reference to the above passage, the following assumptions have been made :

1. People always see the leisure time as a gift and use it for acquiring more material possessions.

2. Use of leisure by some people to produce new and original things has been the chief source of human progress.

Which of these assumptions is/are valid?