Q1. Consider the following statements:

  1. Veer Savarkar had been a member of a secret society, Mitra Mela, which was formed with the goal to overthrow the British through violent methods.
  2. Recently, the 150th birth anniversary of Veer Savarkar was celebrated.

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. Veer Savarkar had been a member of a secret society, Mitra Mela, which was formed with the goal to overthrow the British through violent methods.

Statement 2 is incorrect. On May 28, 2021, 138th birth anniversary of Veer Savarkar will be celebrated.

https://scroll.in/article/808709/the-hollow-myth-of-veer-savarkar

Q2. With reference to the Aadhaar, consider the following statements:

  1. The Unique Identification Authority of India (UIDAI) has been created, with the mandate of providing Aadhaar to the Indian citizens only.
  2. The key characteristics of Aadhaar Number are permanency, uniqueness and global.

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. The Unique Identification Authority of India (UIDAI) has been created, with the mandate of providing Aadhaar to all Indian residents.           

Statement 2 is correct. The key characteristics of Aadhaar Number are permanency, uniqueness and global.        

https://www.uidai.gov.in/images/FrontPageUpdates/aadhaar_authentication_api_2_0.pdf

Q3. With reference to the money bill, consider the following statements:

  1. A Bill is deemed to be a Money Bill if it contains only provisions dealing with any of the following matters, namely the imposition, abolition, remission, alteration or regulation of any tax.
  2. The receipt of money on account of the Consolidated Fund of India or the public account of India cannot be treated as a money bill.

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. A Bill is deemed to be a Money Bill if it contains only provisions dealing with any of the following matters, namely the imposition, abolition, remission, alteration or regulation of any tax.            

Statement 2 is incorrect. The receipt of money on account of the Consolidated Fund of India or the public account of India is also treated as a money bill.                                      

http://164.100.47.194/loksabha/writereaddata/Abstract/money_bills.pdf

Q4. With reference to the Insolvency and Bankruptcy Code, 2016, consider the following statements:

  1. IBC was enacted to effectively deal with insolvency and bankruptcy of corporate persons, partnership firms and individuals, in a time bound manner. 
  2. Section 32A of IBC provides that Corporate Debtor shall not be prosecuted for an offence committed prior to commencement of Corporate Insolvency Resolution Process (CIRP) once Resolution Plan has been approved by Adjudicating Authority.

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. IBC was enacted to effectively deal with insolvency and bankruptcy of corporate persons, partnership firms and individuals, in a time bound manner. Section 32A of IBC provides that Corporate Debtor shall not be prosecuted for an offence committed prior to commencement of Corporate Insolvency Resolution Process (CIRP) once Resolution Plan has been approved by Adjudicating Authority.

https://www.mondaq.com/india/insolvencybankruptcy/961136/section-32a-of-the-ibc

Q5. Recently, the second edition of the India Innovation Index-2020 has been released. It is released by

(a) Ministry of Education              

(b) Department for Promotion of Industry and Internal Trade

(c) Department of Science and Technology

(d) NITI Aayog

Option D is correct. Recently, the second edition of the India Innovation Index-2020 has been released. It is released by NITI Aayog.

http://www.newsonair.com/News?title=NITI-Aayog-releases-2nd-edition-of-India-Innovation-Index-2020&id=408304

Q6. Recently, a Gujarat government has proposed to rename it as ‘Kamalam’, which resembles a lotus flower. Kamalam is a variety of

(a) Fruits             

(b) Fishes

(c) Birds

(d) Sweets

Option A is correct. Recently, a Gujarat government has proposed to rename it as ‘Kamalam’, which resembles a lotus flower. Kamalam is a dragon fruit.

 https://indianexpress.com/article/trending/trending-in-india/dragon-fruit-new-name-kamalam-replace-dragon-7156996/

Q7. Consider the following statements:

  1. The secured overnight financing rate (SOFR) is a measure of the cost of borrowing cash on an overnight basis in the India Treasury repo markets.
  2. It has replaced the London interbank offered rate (LIBOR).

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. The secured overnight financing rate is a measure of the cost of borrowing cash on an overnight basis in the US Treasury repo markets.             

Statement 2 is correct. It has replaced the London interbank offered rate (LIBOR).                            

https://www.investopedia.com/secured-overnight-financing-rate-sofr-4683954

Q8. Consider the following statements:

  1. Angiogenesis is the growth of blood vessels from the existing vasculature.
  2. It occurs throughout life in both health and disease.

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. Angiogenesis is the growth of blood vessels from the existing vasculature. It occurs throughout life in both health and disease.         

https://www.ncbi.nlm.nih.gov/books/NBK53238/

Ques  Ans:

1-(a)

2-(b)

3-(a)

4-(c)

5-(d)

6-(a)

7-(b)

8-(c)