Q1. Which of the following statements is/are correct?

  1. India will begin its two-year tenure as a non-permanent member of the United Nations Security Council from 2021, for the first time since independence.
  2. India will also preside over the council for the first time in its history.

 Select the correct answer using the codes given below:

 (a) 1 only           

(b) 2 only

 (c) Both 1 and 2       

(d) Neither 1 nor 2

Option D is correct.

Both statements are incorrect. India will begin its two-year tenure as a non-permanent member of the United Nations Security Council (UNSC) on January 1. India will sit in the 15-nation UNSC for the 2021-22 term as a non-permanent member — the eighth time that the country has had a seat on the powerful horseshoe table.

India will be UNSC President in August 2021 and will preside over the council again for a month in 2022. India has presided the council earlier also.

thehindu.com/news/national/india-set-to-begin-its-two-year-tenure-as-non-permanent-member-of-unsc/article33472336.ece

 Q2. Recently, the ‘Digital Payments Index’ was released to capture the extent of digitisation of payments across the country. It was released by

(a) Reserve Bank of India              

(b) Ministry of Finance  

(c) National Payments Corporation of India          

(d) Department for Promotion of Industry and Internal Trade

Option A is correct. Recently, the ‘Digital Payments Index’ was released to capture the extent of digitisation of payments across the country. It was released by Reserve Bank of India.

https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50901

Q3. With reference to the Armed Forces (Special Powers) Act, 1958, consider the following statements:

  1.  Section 3 of the act allows the central government to declare any state to be 'disturbed area'.
  2. Recently, the entire Nagaland was declared a “disturbed area” for six months by the central government.

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

Option C is correct.

Both statements are correct. Section 3 of the act allows the central government to declare any state to be 'disturbed area' for any period of time.  Recently, the entire Nagaland was declared a “disturbed area” for six months by the central government.                     

 https://www.indiatoday.in/india/story/entire-nagaland-declared-disturbed-area-under-afspa-says-mha-1754679-2020-12-31

Q4. Recently, the 5th National Science, Technology and Innovation Policy for public consultation was released. In this context, consider the following statements:

  1. The new policy revolves around the core principles of being decentralized, evidence-informed, bottom-up, experts-driven, and inclusive.
  2. The objective is to identify and address strengths and weaknesses of the Indian STI ecosystem to catalyse socio-economic development of the country and to make the Indian STI ecosystem globally competitive.

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

Option C is correct.

Both statements are correct. The new policy revolves around the core principles of being decentralized, evidence-informed, bottom-up, experts-driven, and inclusive. The objective is to identify and address strengths and weaknesses of the Indian STI ecosystem to catalyse socio-economic development of the country and to make the Indian STI ecosystem globally competitive.

https://dst.gov.in/draft-5th-national-science-technology-and-innovation-policy-public-consultation#:~:text=It%20aims%20to%20foster%2C%20develop,and%20policy%20research%20in%20India.&text=The%20new%20policy%2C%20STIP%2C%20revolves,experts%2Ddriven%2C%20and%20inclusive.

Q5. With reference to the RoDTEP (Remission of Duties or Taxes on Export Products) Scheme, often seen in news, consider the following statements:

  1. The RoDTEP Scheme has been introduced to replace the MerchandiseExports from India Scheme.
  2. The scheme came into existence because China filed a complaint against India at the WTO stating that export subsidies given by the Government of India gave undue benefits to Indian exporters.

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

Option A is correct.

Statement 1 is correct. The RoDTEP Scheme has been introduced to replace the Merchandise Exports from India Scheme.             

Statement 2 is incorrect. The RoDTEP Scheme came into existence because USA filed a complaint against India at the WTO stating that export subsidies like the MEIS scheme given by the Government of India (GOI) gave undue benefits to Indian exporters and was against the WTO rules.                         

https://www.mondaq.com/india/tax-authorities/986370/rodtep-scheme-vs-meis-scheme-fact-sheet

Q6. Consider the following statements:

  1. Treasury bills are long term money market instruments.
  2. It is a promissory note with a guarantee of payment at a later date.

 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

Option B is correct.

Statement 1 is incorrect. Treasury bills, also known as T-bills, are short term money market instruments.

 Statement 2 is correct. It is a promissory note with a guarantee of payment at a later date. 

https://scripbox.com/mf/treasury-bills/

Q7. Consider the following statements:

This picturesque river island is situated on the Brahmaputra River and had toppled Marajo in Brazil to clinch the top spot as world’s largest river island. Apart from lush greenery, huge variety of flora and fauna are found in this island.            

 Which one of the following islands has been referred here?

 (a) Sagar Island

(b) Chars Island

(c) New Moore Island

(d) Majuli Island

Option D is correct. Majuli is a picturesque river island is situated on the Brahmaputra River and had toppled Marajo in Brazil to clinch the top spot as world’s largest river island. Apart from lush greenery, huge variety of flora and fauna are found in this island.

https://timesofindia.indiatimes.com/travel/destinations/majulithe-worlds-largest-river-island-might-just-disappear-in-the-future/as64012861.cms

 Q8. The global Multidimensional Poverty Index (MPI), sometimes seen in the news, is released by

(a) International Monetary Fund

 (b) Oxford Poverty and Human Development Initiative along with the UN Development Programme

(c) World Bank

(d) World Economic Forum

Option B is correct. The global Multidimensional Poverty Index (MPI), sometimes seen in the news, is released by Oxford Poverty and Human Development Initiative along with the UN Development Programme.

https://ophi.org.uk/multidimensional-poverty-index/#:~:text=The%20global%20Multidimensional%20Poverty%20Index,that%20a%20person%20faces%20simultaneously.

Ques  Ans:

1-(d)

2-(a)

3-(c)

4-(c)

5-(a)

6-(b)

7-(d)

8-(b)