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

  1. Human cases of H5 viruses are rare but have occasionally been found in people who are exposed to sick or dead birds.
  2. The first cases of human infection with avian influenza A (H5N8) have been laboratory confirmed in India recently.

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 A is correct.

Statement 1 is correct. Human cases of H5 viruses are rare but have occasionally been found in people who are exposed to sick or dead birds.

Statement 2 is incorrect. The first cases of human infection with avian influenza A (H5N8) have been laboratory confirmed in Russia recently.

https://bnonews.com/index.php/2021/02/russia-first-human-cases-of-h5n8-bird-flu/

Q2. Consider the following statements regarding the Inter- creditor agreement, often seen in news:

  1. Indian banks and financial institutions entered into an inter-creditor agreement to expedite the resolution of banks' non-performing assets (NPAs).
  2. This is within the framework of Insolvency and Bankruptcy Code (IBC).                             

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. Indian banks and financial institutions entered into an inter-creditor agreement to expedite the resolution of banks' non-performing assets (NPAs). This is within the framework of IBC that the entire process has been worked out and it will help in faster resolution.              

https://www.business-standard.com/article/news-ians/banks-sign-inter-creditor-agreement-on-resolving-npas-goyal-118072301457_1.html

Q3. Consider the following statements:

  1. 4G LTE data technology helps cellular network providers to offer high speed data for every 4G supported device. 
  2. The disadvantage with 4G LTE is that when we travel to remote places, we will not be able to make calls.                  

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. 4G LTE data technology helps cellular network providers to offer high speed data for every 4G supported device. The disadvantage with 4G LTE is that when we travel to remote places, we will not be able to make calls.

https://www.cashify.in/4g-vs-volte-why-should-you-upgrade

Q4. With reference to the Maternity Benefit (Amendment) Act 2017, consider the following statements:

  1. The act extends certain benefits to adoptive mothers as well and provides that every woman who adopts a child shall be entitled to 12 weeks of maternity leave, from the date of adoption.
  2. Every establishment with more than 50 employees has to provide for crèche facilities for working mothers and such mothers will be permitted to make four visits during working hours to look after the child in the crèche.

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 Government of India has passed a landmark bill increasing mandatory paid leave from 12 weeks to 26 weeks for women employees working in companies with more than 10 staff.

Statement 2 is correct. Every establishment with more than 50 employees has to provide for crèche facilities for working mothers and such mothers will be permitted to make four visits during working hours to look after the child in the crèche.                                                                   

https://www.world-psi.org/en/india-maternity-benefit-amendment-act-effective-1-april#:~:text=The%20Government%20of%20India%20has,with%20more%20than%2010%20staff.&text=Maternity%20leave%20for%20children%20beyond,continue%20to%20be%2012%20weeks.

Q5. With reference to the United Nations Convention to Combat Desertification (UNCCD), consider the following statements:

  1. Recently, the Conference of the Parties (COP) to the UNCCD was hosted by India for the fourth time.
  2. UNCCD focuses on achieving Land Degradation Neutrality globally, which is in line with SDG-9.

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.

Statement 1 is incorrect. Recently, the 14th Conference of the Parties (COP) to the UNCCD was hosted by India for the first time.

Statement 2 is incorrect. It focuses on achieving Land Degradation Neutrality (LDN) globally, in line with target 15.3 of the SDGs.

https://www.thegef.org/events/gef-unccd-cop14

Q6. A term Liquidity coverage ratio (LCR), sometimes seen in the news, refers to

(a) An amount of liquid assets, which the commercial banks are required to keep with RBI.

 (b) How much liquidity can be contributed by a particular bank in the Economy.

(c) The proportion of highly liquid assets held by financial institutions, to ensure their ongoing ability to meet short-term obligations.

(d) None of the above.

Option C is correct. The liquidity coverage ratio (LCR) refers to the proportion of highly liquid assets held by financial institutions, to ensure their ongoing ability to meet short-term obligations

https://www.investopedia.com/terms/l/liquidity-coverage-ratio.asp

Q7. With reference to the Lithium metal, consider the following statements:

  1. It is heavy and so hard that it cannot be cut with a knife and so high in density.
  2. Lithium was one among the three primordial elements, apart from Hydrogen and Helium produced in the Big Bang Nucleosysthesis.

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. It is light and so soft that it can be cut with a kitchen knife and so low in density that it floats on water.

Statement 2 is correct. Lithium was one among the three primordial elements, apart from Hydrogen and Helium produced in the Big Bang Nucleosysthesis.

https://www.livescience.com/28579-lithium.html

Q8. Which of the following statements is/are correct?

  1. A country’s GDP is a measure of consumer spending and government spending as well as its net exports.
  2. The factors of productionin an economy only include the wages, the rent and the return on capital in the form of interest.

 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. A country’s GDP is a measure of consumer spending, business investment and government spending as well as its net exports. The factors of production in an economy includes the wages paid to labor, the rent earned by land, the return on capital in the form of interest, as well as an entrepreneur’s profits.

https://www.investopedia.com/articles/investing/051415/how-calculate-gdp-country.asp

Ques   Ans:

1-(a)

2-(c)

3-(c)

4-(b)

5-(d)

6-(c)

7-(b)

8-(d)