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

  1. As of now, voters who reside abroad can only cast their votes in their respective constituencies.
  2. The Electronically Transmitted Postal Ballot System (ETPBS) is currently only available to service voters.

 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 C is correct.

Both statements are correct. The Election Commission (EC) has approached the government to allow non-resident Indians (NRIs) to vote through postal ballots, a move that could be approved through a modification of the Conduct of Election Rules 1961 and would not require parliament’s nod. As of now, voters who reside abroad can only cast their votes in their respective constituencies. The Electronically Transmitted Postal Ballot System (ETPBS) is currently only available to service voters.          

https://thewire.in/government/election-commission-nri-postal-ballot-proposal

Q2. Consider the following statements:

  1. The Sarkaria Commission recommended that once a state makes an application under the Interstate River Water Disputes Act, the Centre must appoint a tribunal within a year.
  2. The Interstate River Water Disputes Act enables an aggrieved state to request the Centre to refer a dispute to a tribunal in case of inter-state rivers. 

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 Sarkaria Commission recommended that once a state makes an application under the Interstate River Water Disputes Act, the Centre must appoint a tribunal within a year.  The Interstate River Water Disputes Act enables an aggrieved state to request the Centre to refer a dispute to a tribunal in case of inter-state rivers. 

https://www.downtoearth.org.in/news/water/the-great-indian-river-question-three-bills-threatening-federalism-72913

Q3. Cauvery-Vellaru-Vaigai-Gundar Link scheme, often seen in news, is being undertaken for the benefit of people of which one of the following states of India?          

(a) Telangana

(b) Kerala

(c) Karnataka     

(d) Tamil Nadu

Option D is correct. Cauvery-Vellaru-Vaigai-Gundar Link scheme, often seen in news, is being undertaken for the benefit of people of Tamil Nadu.

https://www.newindianexpress.com/states/tamil-nadu/2021/feb/19/cm-palaniswami-to-lay-foundation-stone-for-cauvery-vaigai-gundar-link-scheme-on-sunday-2266254.html

Q4. Consider the following statements:

  1. A depression is a normal part of the business cyclethat generally occurs whenGDP contracts for at least two quarters
  2. A recession, on the other hand, is an extreme fall in economic activity that lasts for years, rather than just several quarters. 

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. A recession is a normal part of the business cycle that generally occurs when GDP contracts for at least two quarters.  A depression, on the other hand, is an extreme fall in economic activity that lasts for years, rather than just several quarters. 

https://www.investopedia.com/terms/d/depression.asp#:~:text=Depression%20vs.&text=A%20recession%20is%20a%20normal,rather%20than%20just%20several%20quarters.

Q5. With reference to the flexible inflation targeting (FIT) framework, consider the following statements:

  1. The flexible inflation targeting (FIT) framework was enacted recently after the COVID pandemic, as the monetary policy architecture for India.
  2. The current numerical framework for defining price stability, is an inflation target of 4%, with a +/-2% tolerance band.

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 flexible inflation targeting (FIT) framework was enacted in 2016 as the monetary policy architecture for India.   

Statement 2 is correct. The current numerical framework for defining price stability, is an inflation target of 4%, with a +/-2% tolerance band.

https://economictimes.indiatimes.com/news/economy/indicators/indias-inflation-target-band-appropriate-for-next-5-years-rbi-report/articleshow/81225715.cms?from=mdr

Q6. INS Utkrosh, commissioned recently in Indian Navy, is/ has been

(a) The first naval station in Andaman and Nicobar islands            

 (b) Procured from Israel for India            

 (c) Developed indigenously for completing the triad       

 (d) None of the above.

Option A is correct. INS Utkrosh, commissioned recently in Indian Navy, is the first naval station in Andaman and Nicobar islands.

http://www.bharat-rakshak.com/NAVY/Aviation/Stations/72-INS-Utkrosh.html

Q7. With reference to the Asia Economic Dialogue (AED), consider the following statements:

  1. First edition of the Asia Economic Dialogue will be held that would focus on global trade dynamics in a post-Covid-19 era.
  2. Ministry of External Affairs is responsible for its conduct in 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. Fifth edition of the Asia Economic Dialogue will be held this year in India that would focus on global trade dynamics in a post-Covid-19 era.

Statement 2 is correct. Ministry of External Affairs is responsible for its conduct in India.

https://timesofindia.indiatimes.com/city/pune/post-pandemic-biz-on-agenda-of-asia-economic-dialogue/articleshow/81160487.cms

Q8. Which one of the following is an objective launching the Vivad Se Vishwas Scheme, sometimes seen in the news?

(a) For settling tax disputes between individuals and the income tax department

 (b) For settling the problems of NPAs

 (c) For providing job opportunities in rural areas without discrimination

 (d) None of the above

Option A is correct. This is a direct tax scheme announced in Budget 2020, for settling tax disputes between individuals and the income tax department. Earlier, the scheme offered complete waiver on interest and penalty to the taxpayers with a full and final settlement of the dispute if the scheme was availed by March 31, 2020. An individual opting for settlement after March 31, 2020, was required to pay an additional 10 percent penalty on the disputed tax amount.

https://economictimes.indiatimes.com/wealth/tax/last-date-for-filing-declaration-under-vivad-se-vishwas-scheme-further-extended-to-feb-28-2021/articleshow/80643741.cms?from=mdr            

Ques  Ans:

1-(c)

2-(c)

3-(d)

4-(d)

5-(b)

6-(a)

7-(b)

8-(a)