Q1. Consider the following statements:

  1. Electoral bondsare interest-free bearer instruments used to donate money anonymously to political parties. 
  2. The electoral bond scheme allows individuals and domestic companies to present the bonds to political parties of their choice, which have to redeem them within 15 days.

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. Electoral bonds are interest-free bearer instruments used to donate money anonymously to political parties. The electoral bond scheme allows individuals and domestic companies to present these bonds — issued in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh, and Rs 1 crore — to political parties of their choice, which have to redeem them within 15 days.             

https://indianexpress.com/article/what-is/what-are-electoral-bonds-5673669/

Q2. The terms like, ‘Ripple’, ‘ Stellar’,  ‘Cardano’, ‘ Ethereum’ , often seen in news, are

(a) Crypto currencies     

(b) Exoplanets

(c) Mini satellites

(d) Black holes

Option A is correct. The terms like, ‘Ripple’, ‘ Stellar’,  ‘Cardano’, ‘ Ethereum’ , often seen in news, are Crypto currencies.        

https://www.investopedia.com/tech/most-important-cryptocurrencies-other-than-bitcoin/

Q3. With reference to the tiger translocation project, consider the following statements:

  1. India’s first inter-state translocation project was conducted in 2018 from Madhya Pradesh to Karnataka.
  2. The Satkosia Tiger Reserve was selected for tiger translocation.

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. India’s first inter-state translocation project was conducted in 2018 from Madhya Pradesh to Odisha.                          

Statement 2 is correct. The tiger relocation project was initiated in 2018 wherein two big cats, a male (Mahavir) from Kanha Tiger Reserve and a female (Sundari) from Bandhavgarh from Madhya Pradesh were relocated to Satkosia Tiger Reserve in Odisha, to shore up the tiger population in the state.

https://indianexpress.com/article/explained/explained-why-the-first-inter-state-tiger-relocation-project-failed-7243200/

Q4. When RBI increases the Repo Rate, which of the following is likely to happen?

  1. It will reduce the money supply in the economy and thus helps in arresting inflation.
  2. GDP growth increases drastically.
  3. Banks may increase their lending rates.

 Select the correct answer using the codes given below:

 (a) 1 only           

(b) 2 and 3 only

(c) 3 only                     

(d) 1 and 3 only

Option D is correct. In the event of inflation, central banks increase repo rate as this acts as a disincentive for banks to borrow from the central bank. This ultimately reduces the money supply in the economy and thus helps in arresting inflation. Banks may increase their lending rates as well.

https://economictimes.indiatimes.com/definition/Repo-rate

Q5. In economics, the monetary base refers to

(a) The total amount of a currency that is either in general circulation in the hands of the public or in the form of commercial bank deposits held in the central bank's reserves.    

(b) All the currency and other liquid instruments in a country's economy on the date measured.

(c) All the currency in a country’s economy measured on an annual basis.

(d) None of the above.

Option A is correct. In economics, the monetary base refers to the total amount of a currency that is either in general circulation in the hands of the public or in the form of commercial bank deposits held in the central bank's reserves.               

https://www.investopedia.com/terms/m/monetarybase.asp#:~:text=The%20monetary%20base%20(or%20M0,in%20the%20central%20bank's%20reserves.

Q6. Consider the following statements regarding the Extra-judicial killings in India:

  1. The law relating to the right of private defense is not mentioned in the Constitution of India.
  2. The state of Maharashtra accounts for highest number of encounter cases, as per the annual reports of National Human Rights Commission (NHRC).

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 law relating to the right of private defense is not mentioned in the Constitution of India. Rather SECTIONS 96 TO 106 OF IPC deals with such laws.

Statement 2 is incorrect. Uttar Pradesh accounts for highest number of encounter cases, as per the annual reports of National Human Rights Commission (NHRC).

https://thelogicalindian.com/story-feed/awareness/nhrc-registered-1782-fake-encounter-cases-between-2000-2017-up-alone-accounted-for-44-55/?infinitescroll=1

https://www.livelaw.in/columns/law-relating-to-encounter-killings-by-the-police-151457

Q7. Consider the following statements regarding the differences between the National parks and wildlife sanctuaries in India:

  1. Wildlife sanctuariesare established to protect particular species of animals, whereas national parks preserve the landscape and any historically or culturally significant monuments in addition to protecting the flora and fauna.
  2. National parks are given a greater degree of protection, than the wildlife sanctuaries.

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. Wildlife sanctuaries are established to protect particular species of animals, whereas national parks preserve the landscape and any historically or culturally significant monuments in addition to protecting the flora and fauna.

Statement 2 is correct. National parks are given a greater degree of protection, with human activity greatly restricted. 

https://www.evisaindia.org/national-parks-wildlife-sanctuaries-india/

Q8. With reference to the issue of snakebites globally, consider the following statements:

  1. The snakebite is recognized as a neglected tropical disease by the government of India.
  2. In India, only North-Eastern region has witnessed a rise in deaths due to snakebites since last two decades.

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. The World Health Organization (WHO) recognises snakebite as a top-priority neglected tropical disease (NTD). India recorded a staggering 1.2 million snakebite deaths in the 20-year period from 2000 to 2019 with an average of 58,000 deaths caused by snakebite annually.

Statement 2 is incorrect. Around 70% of these deaths occurred in limited, low altitude, rural areas of eight States — Bihar, Jharkhand, Madhya Pradesh, Odisha, Uttar Pradesh, Andhra Pradesh (including Telangana), Rajasthan and Gujarat.

https://www.thehindu.com/news/national/india-recorded-12-million-snakebite-deaths-in-the-past-two-decades/article32043389.ece

Ques  Ans:

1-(c)

2-(a)

3-(b)

4-(d)

5-(a)

6-(a)

7-(c)

8-(d)