Q1. Consider the following statements:

  1. Hilsa fish, also known as the ‘Queen of Fishes’ is found abundantly in the Arabian Sea.
  2. It lays it’s eggs in large rivers despite being a sea fish and their young ones are caught while swimming back to the sea.

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. Hilsa fish, also known as the ‘Queen of Fish’ is found abundantly in the waters along the Bay of Bengal.

Statement 2 is correct. It lays its eggs in large rivers despite being a sea fish and their young are caught while swimming back to the sea.

https://food.ndtv.com/ingredient/hilsa-701170

Q2. With reference to the Non-Banking Financial Companies (NBFCs), consider the following statements:

  1. When a company’s financial assets constitute less than 50 per cent of the total assets and income from financial assets constitute less than 50 per cent of the gross income, it can be registered as NBFC by RBI. 
  2. NBFCs cannot accept demand deposits.

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. When a company’s financial assets constitute more than 50 per cent of the total assets and income from financial assets constitute more than 50 per cent of the gross income, it can be registered as NBFC by RBI. This test is popularly known as 50-50 test and is applied to determine whether or not a company is into financial business.

Statement 2 is correct. NBFC cannot accept demand deposits.

https://howtoexportimport.com/Meaning-of-Non-Banking-Financial-Company-NBFC--9303.aspx

Q3. With reference to the UNESCO’s World Heritage Site, consider the following statements:

  1. Kaziranga National Park is the first and only “Mixed World Heritage Site” on UNESCO World Heritage List, from India.
  2. The primary impetusfor the adoption of the World Heritage Convention was the construction of the Sardar Sarovar Dam

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 D is correct.

Both statements are incorrect. Khangchendzonga National Park is the first and only “Mixed World Heritage Site” on UNESCO World Heritage List, from India. The primary impetus for the adoption of the World Heritage Convention was the construction of the Aswan High Dam.

https://pib.gov.in/newsite/PrintRelease.aspx?relid=147212

https://www.britannica.com/topic/World-Heritage-site

Q4. With reference to the actions taken by RBI to manage liquidity in the Indian economy, consider the following statements:

  1. It has recently adopted a new liquidity management framework, in which there would be no fixed daily liquidity injection operations, but the central bank would act whenever the banking system requires money.
  2. Instruments of liquidity management include repo rate auctions, reverse repo rate auctions, open market operations and forex swaps among others.

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.

Statement 1 is correct.  It has recently adopted a new liquidity management framework, in which there would be no fixed daily liquidity injection operations, but the central bank would act whenever the banking system requires money.

Statement 2 is correct. Instruments of liquidity management includes  repo rate auctions, reverse repo rate  auctions, open market operations, forex swaps among others.

https://www.business-standard.com/article/finance/monetary-policy-review-rbi-adopts-a-new-liquidity-management-framework-120020601929_1.html

Q5. Consider the following statements:

  1. Amyotrophic Lateral Sclerosis (ALS) is a rare and debilitating neurodegenerative disorder that affects the voluntary movement of the muscles and can even lead to paralysis or death.
  2. It happens due to certain body changes that could be triggered by factors like exposure to UV radiations and poisonous gases.

 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. Amyotrophic Lateral Sclerosis (ALS) is a rare and debilitating neurodegenerative disorder that affects the voluntary movement of the muscles and can even lead to paralysis or death.

Statement 2 is incorrect. It happens due to changes in body that could be triggered by factors like smoking and exposure to toxins, metals or pesticides.

https://www.ksgindia.com/study-material/news-for-aspirants/22801-headway-in-potential-treatment-of-als.html

Q6. Who is considered as a declared foreigner in India?

(a) A non-citizen as per the Citizenship Act, 1955.

(b) An illegal migrant from three neighbouring countries

(c) A citizen without valid documents.

(d)  A person marked by any of the Foreigners’ Tribunals. 

Option D is correct. Siddeque Ali is unlikely to be the last ‘declared foreigner’ in any of Assam’s six detention centres. A declared foreigner, or DF, is a person marked by any of the 100 Foreigners’ Tribunals (FTs) in Assam for allegedly failing to prove their citizenship after the State police’s Border wing marks him or her as an illegal immigrant.

https://www.thehindu.com/news/national/other-states/last-eligible-foreigner-freed-from-detention/article31808572.ece

Q7. The Nature Index, which highlights the institutions and countries that dominated high quality research in the natural sciences, is released by the

(a) World Economic Forum

(b) Lancet 

(c) Nature Research 

(d) Transparency International

Option C is correct. The Nature Index, which highlights the institutions and countries that dominated high quality research in the natural sciences, is released by the Nature Research.

 https://www.natureindex.com/annual-tables/2020

Q8. Consider the following statements:

  1. The Gaur is found in three disjunct regions, which includes south-western India, central India and north-eastern India.
  2. Indian Gaur is listed as ‘Endangered’ in the IUCN red list.

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 Gaur is found in three disjunct regions, south-western India, central India and north-eastern India (including Nepal, Bhutan and Bangladesh). Within these regions the distribution is highly fragmented and includes a number of small non-viable isolated populations.

Statement 2 is incorrect. Indian Gaur is listed as ‘Vulnerable’ in the IUCN red list.

https://www.thehindu.com/news/national/tamil-nadu/first-estimation-exercise-of-indian-gaur-in-nilgiris-in-recent-years/article31806928.ece

Ques  Ans:

1-(b)

2-(b)

3-(d)

4-(c)

5-(a)

6-(d)

7-(c)

8-(a)