1. Which of the following statements is/are correct about the Schengen state?
  2. Holders of Schengen visas do not need separate visas for short term visits of specified duration to any Schengen state.
  3. A Schengen state must be a part of the European Union.

 

Select the correct answer using the code given below:

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

Explanation:

Statement 1 is correct: Holders of Schengen visas (text on the visa reads “valid for Schengen states” in the language of the issuing country) may spend up to 90 days in a given 180 days period in the Schengen area, provided their visa is valid at the time. The same applies to holders of most national residence permits and national category D visas issued by individual Schengen states for long‑term visits of more than three months. A separate visa may well be needed for travel to other EU states which are not Schengen states.

 

Statement 2 is incorrect: Germany, Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland have all acceded to the Schengen Agreement and are thus Schengen states.

 

Recently, Switzerland, a Schengen state, though not a EU member, allows Covishield for “Green Pass”.

 

Source: https://www.thehindu.com/news/national/nine-european-countries-authorise-covishield/article35079416.ece

https://www.auswaertiges-amt.de/en/aamt/zugastimaa/buergerservice/faq/17-schengenstaaten/606722

 

  1. Which of the following statements is/are correct related to the financial sector of India?
  2. A loan or advance gets classified as a non performing asset (NPA) if interest payment remains overdue for a period of more than 1 year.
  3. The Financial Stability Report is published by the Reserve bank of India.

 

Select the correct answer using the code given below:

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

Explanation:

Statement 1 is incorrect: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days.

 

Statement 2 is correct: The gross non-performing asset ratio (GNPA) of India’s scheduled commercial banks (SCBs) may climb by the end of the current fiscal year to as much as 11.2% under a severe stress scenario, from 7.48% in March 2021, the Reserve Bank of India (RBI) said in its Financial Stability Report on Thursday.

 

Source:

https://economictimes.indiatimes.com/definition/non-performing-assets

https://www.thehindu.com/business/gnpa-ratio-may-rise-up-to-112-in-fy22/article35087383.ece

 

  1. Which of the following are among the responsibilities of the Central Drugs Standard Control Organisation(CDSCO)?
  2. Approval of Drugs
  3. Laying down the standards for Drugs
  4. Control over the quality of imported Drugs in the country

 

Select the correct answer using the code given below:

(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

 

Explanation: Option (d) is correct

A Subject Expert Committee that advises the Drugs Controller General of India has asked Dr. Reddy’s Laboratories to submit data from Phase III clinical trial of Sputnik Light being carried out in Russia for grant of Marketing Authorisation (MA) of the single dose vaccine against COVID-19.

 

Under the Drugs and Cosmetics Act, The Central Drugs Standard Control Organisation(CDSCO) is responsible for approval of Drugs, Conduct of Clinical Trials, laying down the standards for Drugs, control over the quality of imported Drugs in the country and coordination of the activities of State Drug Control Organizations by providing expert advice with a view of bring about the uniformity in the enforcement of the Drugs and Cosmetics Act.

Further CDSCO along with state regulators, is jointly responsible for grant of licenses of certain specialized categories of critical Drugs such as blood and blood products, I. V. Fluids, Vaccine and Sera.

 

Source: https://cdsco.gov.in/opencms/opencms/en/Home/

https://www.thehindu.com/news/national/dcgi-seeks-russian-sputnik-light-trial-data/article35085858.ece

 

  1. Consider the following statements related to the Indira Gandhi National Centre for the Arts:
  2. It is an Autonomous Trust set up by the Government of India under the Ministry of Culture.
  3. Bridging the gap in intellectual understanding between modern sciences and arts and culture is among its many aims.

 

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

 

Explanation:

Statement 1 is correct: The Indira Gandhi National Centre for the Arts (IGNCA) is an Autonomous Trust set up by the Government of India under the Ministry of Culture. IGNCA is visualised as a centre that encompasses the study and experience of all the arts-each form within its own integrity, yet within a dimension of mutual interdependence, interrelated with nature, social structure and cosmology.

 

Statement 2 is correct: To foster dialogue between arts and current ideas in philosophy, science and technology, with a view toward bridging the gap in intellectual understanding between modern sciences and arts and culture is among its many aims.

 

Source:

https://indianculture.gov.in/MoCorganization/indira-gandhi-national-centre-arts

 

http://ignca.gov.in/en/

https://www.thehindu.com/news/national/ignca-shifts-to-janpath-hotel-to-make-way-for-new-secretariat-buildings/article35078186.ece