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Standard X
History
The Great Depression
The Social Se...
Question

The Social Security Act of 1935 was important in that it _________.

A
offered direct relief to eligible unemployed and disabled individuals.
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B
reformed the existing federal unemployment insurance system.
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C
created a new agency to monitor investment in the securities industry.
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D
provided relief for businesses in financial trouble as a result of the Depression.
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E
succeeded in relieving the problems of the banking system.
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Solution

The correct option is A offered direct relief to eligible unemployed and disabled individuals.
They are offered direct relief to eligible unemployed and disabled individuals.

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Q.

Developed countries have made adequate provisions for social security of senior citizens. State insurers (as well as private ones) offer Medicare and pension benefits to people who can no longer earn. In India, with the collapse of the joint family system, the traditional shelter of the elderly has disappeared. And a state faced with a financial crunch is not in a position to provide social security. So it is advisable that the working population give serious thought to building a financial base for itself.
Which one of the following, if it were to happen, weakens the conclusion drawn in the above passage the most?


Q. _______ are made in order to voice a grievance and to secure a relief
Q. Given below is a statement of legal principle followed by a factual situation. Apply the principle to the facts given below and select the most appropriate answer.
Legal Principle: Contract is an agreement freely entered into between the parties. But when consent to an agreement is obtained to undue influence, the contract is voidable at the option of the party whose consent was so obtained.
Factual Situation: The pragya had been worked for a business man Anurag since the age of 18, working for a range of Anurag's businesses. In 2000, (aged 21) Pragya purchased a flat. In 2005, Mr. Anurag's business was facing financial difficulties, and he asked Pragya to offe up her flat as financial security against an overdraft facility for the business. In July of that year, the banks solicitors wrote to Pragya, advising that she should take Independent legal advice before putting her property up as a security for the debt. The bank also notified Pragya that the guarantee was unlimited in both time and financial amount. Having discussed the arrangement with Anurag, Pragya was unaware of the extent of the borrowing, but was assured that her mortgage would not be called upon, and that his own properties which were also used as security would be looked at first. A charge was executed over the Pragya's property in August 2005. In 2009, Mr.s Anurag's business went into liquidation and the bank formally demanded Rs.60,24,912 from Pragya. Pragya raised the defence of undue influence - stating that Mr. Anurag had induced her to enter into the agreement, and the bank had full knowledge/ notice of this undue influence which should set aside the banks right to enforce the debt recovery against Pragya. Bank is contending that there is no undue influence.
Whether the consent to offer the flat as financial security obtained through undue influence?
Q. That portion of total deposit which a commerical bank has to keep with itself in the form of eligible securities is called _________.
Q. The house kept with the bank as mortgage acts as a security for the loan is a/an to the bank.
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