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Sample questions from ANNUAL CA program IWT in news

Sample questions from ANNUAL CA program

Sample questions from ANNUAL CA program

What is drafting ? Drafting is a strategy where a runner closely follows another athlete running in front of her, thus reducing wind resistance and energy expenditure. a technique used to reduce drag by positioning oneself behind another athlete, is most prominently used in cycling, running, swimming, and speedskating

1. Aurangzeb’s Tomb • Location: Khuldabad (Aurangabad), Maharashtra. • Simple and stark design; located near the tomb of Sufi saint Zainuddin Shirazi. • Maintained by Archaeological Survey of India (ASI). 2. Historical Context • Aurangzeb (Alamgir) ruled for 49 years, expanded Mughal Empire to its greatest territorial extent. • Died in 1707; spent last 27 years of life in Deccan campaigns. • His reign saw capture of key forts from Marathas but also long guerrilla resistance by Marathas led by Shivaji Maharaj and later Sambhaji Maharaj, Rajaram, and Maharani Tarabai. 3. Key Maratha-Mughal Events • 1660: Shaista Khan (Aurangzeb’s governor) lost Pune to Shivaji in a surprise attack. • 1665: Treaty of Purandar — Raja Jai Singh (Mughal general) compelled Shivaji to cede 23 forts. • 1664: Shivaji’s attack on Surat weakened Mughal prestige. • 1674: Shivaji crowned at Raigad as “Chhatrapati”. • Sambhaji Maharaj captured by Mughals in 1689; executed. • Post-Sambhaji, Rajaram ruled from Jinji (Gingee) Fort, Tamil Nadu, continuing resistance. 4. Aurangzeb’s Deccan Policy • Focused heavily on subduing the Marathas, consuming large resources. • Frequent guerrilla tactics by Marathas bled Mughal treasury. • Aurangzeb personally led Deccan campaigns for decades. 5. Cultural References • Gujarati-born Aurangzeb invaded Maharashtra but was unable to fully subdue it. • In popular culture, depicted in Marathi and Hindi films (e.g., Chhava).

Reserve Bank of India (RBI) – Key Facts • Established: 1 April 1935, under the Reserve Bank of India Act, 1934. • Original Headquarters: Kolkata (moved to Mumbai in 1937). • Headquarters: Mumbai, Maharashtra. • Ownership: Fully owned by the Government of India since nationalisation on 1 January 1949. • Current Governor: Sanjay Malhotra – 26th Governor (since 11 December 2024). • Parent Ministry: Ministry of Finance, Government of India. • Currency Issuer: Sole authority to issue Indian currency notes, except ₹1 notes and coins (issued by Ministry of Finance). • Emblem: Lion Capital of Ashoka with a palm tree and tiger. • Primary Functions: 1. Formulation and regulation of monetary policy. 2. Regulation and supervision of banks and NBFCs. 3. Issuance and management of currency. 4. Regulation of foreign exchange under FEMA, 1999. 5. Maintaining financial stability. 6. Developmental role for rural and cooperative banks. • Official Language: Hindi and English. • First Governor: Sir Osborne Smith (1935–1937). • First Indian Governor: C. D. Deshmukh (1943–1949).