Q1. Consider the following statements:

  1. The contribution of the rural manufacturing segment to India’s economy is growing and in 2011-12, the rural manufacturing segment contributed much more than that by urban manufacturing.
  2. The share of non-farm income in rural India is much higher than that of farm income.

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 contribution of the rural manufacturing segment to India’s economy is growing and in 2011-12, the rural manufacturing segment contributed much more than that by urban manufacturing.  The share of non-farm income in rural India is much higher than that of farm income.

https://www.epw.in/journal/2020/42/special-articles/technical-change-indias-rural-organised.html

Q2. With reference to the National Anti-profiteering Authority of India, which of the following statement is incorrect

(a)  It was established under section 171 of the Central Goods and Services Tax Act, 2017.

(b)  It was set up to monitor and to oversee whether the reduction or benefit of input tax credit is reaching the recipient by way of appropriate reduction in prices.         

(c) It comprises of a five-member committee, consisting of a Chairman, who is equivalent to a rank of secretary in the government.    

(d) None of the above.  

Option D is correct. All the given statements are correct.

The National Anti-profiteering Authority (NAA) was established under section 171 of the Central Goods and Services Tax Act, 2017. The NAA was set up to monitor and to oversee whether the reduction or benefit of input tax credit is reaching the recipient by way of appropriate reduction in prices. The National Anti-profiteering Authority comprises of a five-member committee, consisting of, a Chairman (equivalent to a rank of secretary in the government), four technical members (present/former commissioners of State tax or central tax departments). 

https://cleartax.in/s/national-anti-profiteering-authority

Q3. With reference to the cultural contributions of saint Kabir Das in ancient India, consider the following statements:

  1. He was a proponent of the Sufi movement.
  2. Bijak, Sakhi Granth and Anurag Sagar are some of the literary works written by him.
  3. The major part of his work was collected in the Guru Granth Sahib, by the fifth sikh guru, Guru Arjan Dev.

Which of the Statements given above is/are correct?

(a) 1 only           

 (b) 2 and 3 only

 (c) 3 only

 (d) 1, 2 and 3

Option B is correct.

Not only his poetry but his work in terms of reforming India is also remembered very fondly. His poems have had a massive impact on the Bhakti Movement. Some of his famous works are titled Kabir Granthawali, Anurag Sagar, Bijak, Sakhi Granth, etc. His couplets are known as 'Kabir Ke Dohe.'3. The major part of his work was collected in the Guru Granth Sahib, by the fifth sikh guru, Guru Arjan Dev.

https://www.timesnownews.com/the-buzz/article/kabir-das-jayanti-2021-history-quotes-and-wishes/775176

Q4. Consider the following statements:

  1. GSLV-MkIII is meant to carry payloads up to four to five tons and that was not possible with conventional propellants used by ISRO’s main launch vehicle, called PSLV.
  2. The GSLV-MkIII is partially a home grown launch vehicle.

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. GSLV-MkIII is meant to carry payloads up to four to five tons and that was not possible with conventional propellants used by ISRO’s main launch vehicle, called PSLV.

Statement 2 is incorrect. The GSLV-MkIII is entirely a home grown launch vehicle.

https://indianexpress.com/article/explained/tech-denied-isro-built-cryo-engine-on-its-own-4690709/

Q5. With reference to the concept of Assets Under Management (AUM), consider the following statements:

  1. It is the total market valueof the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.
  2. Overall, AUM is only one aspect used in evaluating a company or investment. 

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. AUM is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.

Statement 2 is correct. Overall, AUM is only one aspect used in evaluating a company or investment. 

https://www.investopedia.com/terms/a/aum.asp#:~:text=Assets%20under%20management%20(AUM)%20is,and%20cash%20in%20their%20calculations

Ques  Ans:

1-(c)

2-(d)

3-(b)

4-(a)

5-(c)