1: Consider the following statements :

1. New Development Bank has been set up by APEC.
2. The headquarters of New Development Bank is in Shanghai.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
2: Which one of the following issues the 'Global Economic Prospects' report periodically?

(a) The Asian Development Bank
(b) The European Bank for Reconstruction and Development
(c) The US Federal Reserve Bank
(d) The World Bank
3: Assertion (A):

The monsoonal rainfall decreases as one goes towards the west and north-west in the Ganga plain.

Reason (R):

The moisture-bearing monsoonal winds go higher up as one moves up in the Ganga plain.

In the context of the above two statements which one of the following is correct ?

(a) Both A and R are true, and R is the correct explanation of A

(b) Both A and R are true, but R is not a correct explanation of A

(c) A is true, but R is false

(d) A is false, but R is true
4: The President of Union of India has the same constitutional authority as the:

(a) British Monarch

(b) President of U.S.A.

(c) President of Egypt

(d) President of Russia
5: Consider the following statements

1. India's import of crude and petroleum product during the year 2001-02 accounted for about 27% of India's total imports.

2. During the year, 2001-02, India's exports had increased by 10% as compared to the previous year

Which of these statements is/are correct?

(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2