1. The proposed Karaikal-Jaffna Ferry Service is a component of:

(a) Ministry of Ports, Shipping and Waterways

(b) Sagarmala Prgramme

(c) Both (a) and (b)

(d) Bharatmala Programme

Explanation: Option (c) is correct

The proposed Karaikal-Jaffna Ferry Service, a component of the Sagarmala Programme of the Ministry of Ports, Shipping and Waterways for the promotion of coastal shipping, has been given a thrust by the Indian and Sri Lankan governments.

Source: https://www.thehindu.com/news/cities/puducherry/karaikal-jaffna-ferry-service-expected-to-boost-tourism/article35180746.ece

 

 

  1. With reference to the Gini Coefficient, consider the following statements:

 

  1. An increasing trend of Gini Coefficient indicates that income inequality is increasing in an economy.

 

  1. Under this index, zero indicates the perfect inequality and one indicates the perfect equality.

 

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:

 

In economics, it (sometimes expressed as a Gini ratio or a normalized Gini index) is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation’s residents and is the most commonly used measure of income inequality.

 

Statement 1 is correct: An increasing trend of Gini Coefficient indicates that income inequality is increasing independent of absolute incomes of the population.

 

Statement 2 is not correct: Its value varies anywhere from zero to 1; zero indicating perfect equality and one indicating the perfect inequality.

 

Source:https://www.thehindubusinessline.com/opinion/lag-in-gauging-inequality/article35198843.ece

 

  1. What do you understand by Bond Yield?

 

(a) Bond yield is the commission a third party gets in between.

(b) Bond yield is the money an investor invests in bond.

 

(c) Bond yield is the return an investor realizes on a bond.

(d) None of the above

 

Explanation: Option (c) is correct

Bond yield is the return an investor realizes on a bond. The bond yield can be defined in different ways. Setting the bond yield equal to its coupon rate is the simplest definition. The current yield is a function of the bond's price and its coupon or interest payment, which will be more accurate than the coupon yield if the price of the bond is different than its face value.  

 

Source: https://www.thehindu.com/business/indian-bond-yields-spike-as-crude-surges/article35180466.ece

 

https://www.investopedia.com/terms/b/bond-yield.asp

 

 

  1. Consider the following statements regarding the Governor:

 

  1. The Governor of a State shall be appointed by the President.

 

  1. A person to be eligible for appointment as Governor should be citizen of India and has completed age of 35 years.

 

  1. The executive power of the State shall be vested in the Governor.

 

Which of the statements given above is/are correct?

 

(a) 1 and 2 only

 

(b) 1 and 3 only

 

(c) 2 and 3 only

 

(d) 1, 2 and 3

 

Explanation:

Constitutional role of Governor:

  • There shall be a Governor for each state (Articles 153 of the Constitution of India).
  • The executive power of the State shall be vested in the Governor and shall be exercised by him either directly or through officers subordinate to him in accordance with the Constitution of India (Article 154).
  • The Governor of a State shall be appointed by the President by warrant under his hand and seal (Article 155).
  • A person to be eligible for appointment as Governor should be citizen of India and has completed age of 35 years (Article 157).
  • The Governor shall not be a member of the Legislature or Parliament; shall not hold any office of profit, shall be entitled to emoluments and allowances. (Article 158).
  • Every Governor and every person discharging the function of the Governor shall make a subscribe an oath or Affirmation (Article 159).
  • The President may make such a provision as he thinks fit for the discharge of the functions of the Governor of a State in any contingency not provided for in Chapter II of the Constitution. (Article 160).
  • The Governor shall have the power to grant pardons, reprieves, etc. (Article 161).
  • There shall be Council of Ministers with the Chief Minister at the head to aid and advise the Governor in the exercise of his functions except in so far as he is by or under the Constitution required to exercise his functions or any of them in his discretion. (Article 163).
  • The Governor appoints Chief Minister and other Ministers. (Article 164).
  • The Governor appoints the Advocate General for the State. (Article 165).

 

Source: https://www.thehindu.com/news/national/union-minister-thaawarchand-gehlot-appointed-as-governor-of-karnataka/article35163036.ece

 

https://rajbhavan-maharashtra.gov.in/en/constitutional-roles-in-brief/

 

 

  1. Consider the following statements with reference to the Delimitation Commission of India:
  2. It is a permanent statutory body which is appointed by the President of India and works in tandem with the Election Commission of India.

 

  1. The orders of Delimitation Commission have the force of law and cannot be called in question before any court.

 

  1. The first delimitation exercise was carried out by the President with the help of the Election Commission in 1950-51.

Which of the statements given above is/are correct?

(a) 1 and 2 only

(b) 2 and 3 only

 

(c) 1 and 3 only

 

(d) 1, 2 and 3

Explanation:

Statement 1 is not correct:First part of the statement is not correct as under Article 82, the Parliament enacts a Delimitation Act after every Census and hence it is not a permanent body however the second part is correct, because the Delimitation Commission is appointed by the President of India and works in collaboration with the Election Commission of India.

Statement 2 is correct: The Delimitation Commission in India is a high power body whose orders have the force of law and cannot be called in question before any court.

Statement 3 is correct: The first delimitation exercise was carried out by the President with the help of the Election Commission in 1950-51. The Delimitation Commission Act was enacted in 1952.

Source: https://www.thehindu.com/news/national/other-states/kashmir-parties-express-unease-over-delimitation-exercise/article35179080.ece

https://thewire.in/politics/heres-why-kashmir-is-anxious-over-the-delimitation-exercise