Q1. Consider the following statements regarding the One Rank One Pension scheme, often seen in the news:

  1. Armed forces personnel are not covered under the scheme.
  2. Implementation of the scheme is based on the recommendations of Koshiyari committee.

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. Armed forces personnel who had retired till 30th june’2014 are covered under the scheme.

Statement 2 is correct. Implementation of the scheme is based on the recommendations of Koshiyari committee.               

https://theprint.in/india/5-years-of-one-rank-one-pension-scheme-a-momentous-occasion-says-pm-modi/539034/

Q2. With reference to the Participatory notes (P-Notes), consider the following statements:

  1. P-Notes are financial instruments required by investors or hedge fundsto invest in Indian securities without having to register with the Securities and Exchange Board of India(SEBI).            
  2. Indian regulators are generally not in support of participatory notes because of the fear of hedge funds.

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. P-Notes are financial instruments required by investors or hedge funds to invest in Indian securities without having to register with the Securities and Exchange Board of India (SEBI). Indian regulators are generally not in support of participatory notes because they fear that hedge funds acting through participatory notes will cause economic volatility in India's exchanges.

https://www.investopedia.com/terms/p/participatorynotes.asp

Q3. Consider the following statements regarding the Arbitration Council of India, often seen in the news:

  1. The Arbitration Act empowers the central government to establish the Arbitration Council of India as an independent government body.  
  2. One of its functions is to make policies for the establishment, operation and maintenance of uniform professional standards for all alternate dispute redressal matters.               

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 Arbitration Act empowers the central government to establish the Arbitration Council of India as an independent government body.  One of its functions is to make policies for the establishment, operation and maintenance of uniform professional standards for all alternate dispute redressal matters.

https://blog.ipleaders.in/critical-analysis-arbitration-council-india/

Q4. With reference to the new 'Public Sector Enterprise Policy’, consider the following statements:

  1.  As per the policy, atomic energy, space, defence, telecom, coal, other minerals and financial services will be classified as strategic sectors.
  2. In strategic sectors, the presence of existing companies at the holding level will be retained completely under private sector.

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 government has released a new 'Public Sector Enterprise Policy', under which atomic energy, space, defence, trans and telecom, power, petro, coal, other minerals, banking, insurance and financial services will be classified as strategic sectors.

Statement 2 is incorrect. In strategic sectors, the minimum presence of existing companies at the holding level will be retained under government control.

https://www.cnbctv18.com/economy/govt-releases-new-public-sector-enterprise-policy-says-the-ongoing-strategic-divestment-of-cpses-wont-be-affected-by-it-8216331.htm

Q5. Consider the following statements:

  1. AIM iCREST is an Incubator capabilities enhancement program, for an ecosystem focused on creating high performing startups.
  2. It has been launched by ministry of commerce and industry.

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. AIM iCREST is an Incubator capabilities enhancement program for an ecosystem focused on creating high performing startups.

Statement 2 is incorrect. It has been launched as a part of NITI Aayog’s Atal Innovation Mission.

https://www.timesnownews.com/business-economy/economy/article/startup-booster-niti-aayog-bill-melinda-gates-foundation-launch-aim-icrest-incubator-program/629777

Q6. With reference to the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), consider the following statements:

  1. BIMSTEC has been formed to establish a platform for intra-regional cooperation between BRICS and ASEAN members.  
  2. The first ever military exercise of the BIMSTECmember nations was hosted by India.

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. BIMSTEC has been formed to establish a platform for intra-regional cooperation between SAARC and ASEAN members.  

Statement 2 is correct. The first ever military exercise of BIMSTEC member nations, barring Nepal, was hosted by India in 2018.

https://bimstec.org/?page_id=189

https://m.economictimes.com/news/defence/first-ever-bimstec-military-exercise-begins-near-pune/articleshow/65757101.cms

Q7. With reference to Census conducted in India, consider the following statements:

  1. It is conducted under the Ministry of Housing and Urban Affairs, after every decade.
  2. No census is conducted in the north-east India, as the exercise of conducting National Register of Citizens (NRC) is undertaken.

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. Census is conducted by the Office of the Registrar General & Census Commissioner of India, under the Ministry of Home Affairs after every decade.

Statement 2 is incorrect. Census is conducted in the state of Assam, although the exercise of conducting National Register of Citizens (NRC) is undertaken.

http://censusindia.gov.in/Census_And_You/about_census.aspx

Q8. Consider the following statements regarding the recently approved zonal master plan for the Bhagirathi eco-sensitive zone:

  1. The plan would pave way for faster execution of the Chaardhaam Project, while giving a boost to conservation and ecology of the area. 
  2. It would be developed in the state of Uttarakhand.

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. The plan would pave way for faster execution of the Chaardhaam Project, while giving a boost to conservation and ecology of the area. 

Statement 2 is correct.  It stretches from Gaumukh to Uttarkashi covering an area of 4179.59 sqkm, in the state of Uttarakhand.

https://www.hindustantimes.com/india-news/bhagirathi-eco-sensitive-zone-gets-green-nod/story-WLHZU0KqfjnshkZnsh82ZL.html

 

Ques  Ans:

1-(b)

2-(c)

3-(c)

4-(a)

5-(a)

6-(b)

7-(d)

8-(c)