Q1.  The ‘World Social Protection Report’, is published by which one of the following institutions?

(a) World Economic Forum         

(b) United nations Development Programme

(c) World Bank                 

(d) International Labour Organization

Option D is correct. This ILO flagship report provides a global overview of recent trends in social protection systems, including social protection floors. Based on new data, it offers a broad range of global, regional and country data on social protection coverage, benefits and public expenditures on social protection.

https://sustainabledevelopment.un.org/index.php?page=view&type=400&nr=2533&menu=35#:~:text=This%20ILO%20flagship%20report%20provides,public%20expenditures%20on%20social%20protection.

Q2. Which of the following provisions were added by the first amendment to the constitution of India, done in 1951?

  1. States were empowered to make special provisions for the advancement of socially and economically backward classes.
  2. Saving of laws providing for acquisition of estates.
  3. Added twelfth schedule to the Constitution of India.

 Select the correct answer using the codes given below:

 (a) 1 only

(b) 2 and 3 only

 (c) 1 and 2 only

(d) 1, 2 and 3

Option C is correct.

The first amendment of the Constitution in 1951 was to empower the state to undertake affirmative action for the advancement of any socially and economically backward classes or categories of Scheduled Castes and Scheduled Tribes by restricting the application of fundamental rights. It also provided for saving of laws providing for acquisition of estates. It added ninth schedule to the Constitution of India.         

https://www.deccanherald.com/national/north-and-central/indian-constitution-first-amendment-and-the-last-779574.html
Q3. Which of the following statements is/are correct?

  1. Many plant and animal species have life histories characterized by death after first reproduction, which is called semelparity.
  2.  While all annual plants are semelparous, not all perennial plants are iteroparous.

 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. Many plant and animal species have life histories characterized by death after first reproduction, which is called semelparity. Its alternative (living to reproduce repeatedly) is called iteroparity. In plants, the terms monocarpy and polycarpy are sometimes used instead of semelparity and iteroparity. While all annual plants are semelparous, not all perennial plants are iteroparous.

https://www.nature.com/scitable/knowledge/library/semelparity-and-iteroparity-13260334/

Q4. Consider the following statements:

  1. DDT becomes concentrated in the tissues of organisms representing four successive trophic levels in a food chain.
  2. The hazard of DDT to non-target animals is particularly acute for those species living at the bottom of food chains.                  

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. DDT becomes concentrated in the tissues of organisms representing four successive trophic levels in a food chain.

Statement 2 is incorrect. The hazard of DDT to nontarget animals is particularly acute for those species living at the top of food chains.      

https://www.biology-pages.info/D/DDTandTrophicLevels.html

Q5. With reference to the Commission for Agricultural Costs & Prices (CACP), consider the following statements:

  1. It is mandated to recommend minimum support prices (MSPs) to incentivize the cultivators to adopt modern technology, and raise productivity and overall grain production in line with the emerging demand patterns in the country.
  2. Currently, the Commission comprises a Chairman, one official member and ten non-official Members.

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. CACP is mandated to recommend minimum support prices (MSPs) to incentivize the cultivators to adopt modern technology, and raise productivity and overall grain production in line with the emerging demand patterns in the country.                                                    

Statement 2 is incorrect. Currently, the Commission comprises a Chairman, Member Secretary, one Member (Official) and two Members (Non-Official).                  

https://cacp.dacnet.nic.in/content.aspx?pid=32

Q6. With reference to the Additional Tier-1 (AT-1) bonds, consider the following statements:

  1. These bonds carry a maturity date.
  2. If the RBI feels that a bank is tottering on the brink and needs a rescue, it can ask the bank to cancel its outstanding AT-1 bonds without consulting its investors.                

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. AT-1, short for Additional Tier-1 bonds, are a type of unsecured, perpetual bonds that banks issue to shore up their core capital base to meet the Basel-III norms. These bonds are perpetual and carry no maturity date.

Statement 2 is correct. If the RBI feels that a bank is tottering on the brink and needs a rescue, it can ask the bank to cancel its outstanding AT-1 bonds without consulting its investors.                                       

https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about-at-1-bonds/article31024984.ece

Q7. The Chiang Mai Initiative, launched recently by the ASEAN+3 Finance Ministers and Central Bank Governors, for which one of the following objectives?

(a) To have Free Trade agreements among themselves

 (b) For foreign currency exchange in times of emergency

 (c) To provide emergency funding to the poor countries.

 (d) To improve the global position of their central banks

Option B is correct. In the 22nd ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting made a significant decision. The Chiang Mai Initiative (CMI), a mechanism for foreign currency exchange in times of emergency created under ASEAN+3, had previously been regarded as a pool of foreign exchange reserves accessible by the countries concerned as a U.S. dollar loan.

https://thediplomat.com/2019/05/reforming-the-chiang-mai-initiative/

Q8. With reference to the Central Zoo Authority, often seen in the news, consider the following statements:

  1. The CZA is a statutory body chaired by the Environment Minister.
  2. Apart from the chairman, it consists of 10 members and a member-secretary and most of them are officials in the Environment Ministry.

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 CZA is a statutory body chaired by the Environment Minister and tasked with regulating zoos across the country.

Statement 2 is correct. Apart from the chairman, it consists of 10 members and a member-secretary. Almost all of them are officials in the Environment Ministry and non-government experts are those who are wildlife conservationists or retired forest officers.

https://www.thehindu.com/news/national/ministry-reconstitutes-central-zoo-authority/article31964930.ece 

Ques   Ans:

1-(d)

2-(c)

3-(c)

4-(a)

5-(a)

6-(b)

7-(b)

8-(c)