Consider the following statements regarding Biodiversity heritage sites

1.Biodiversity heritage sites are unique and fragile ecosystems that can be marine ecosystems, coastal and inland waters, or terrestrial areas.

2.Under Biological Diversity Act, 2002 the State Government in consultation with local bodies may notify areas of biodiversity importance as Biodiversity Heritage Sites.

Which of the statement(s) given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer: (c) Both 1 and 2

Explanation:

In NEWS: Four more biodiversity heritage sites for Karnataka

About Biodiversity Heritage Sites:

Source: https://www.thehindu.com/news/cities/Mangalore/four-more-biodiversity-heritage-sites-for-karnataka/article33049144.ece


Consider the following statements regarding Non-bank financial companies

1.It is a company registered under the Companies Act, 1956.

2.They cannot issue cheques drawn on itself.

3.Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is available to depositors of NBFC

Which of the statement(s) given above is/are correct?

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1,2 and 3

Answer: (a) 1 and 2 only

Explanation:

In NEWS: NBFCs with high systemic risks need more regulation: RBI DG

About Non-bank financial companies (NBFCs):

Limitations of the NBFCs:

Source: https://www.thehindu.com/business/Economy/nbfcs-with-high-systemic-risks-need-more-regulation-rbi-dg/article33043492.ece


Consider the following statements regarding Exoplanet

1.It is a planet outside the Solar System

2.They are very easy to see directly with telescopes

3.The closest exoplanet to the sun is named Proxima Centauri b

Which of the statement(s) given above is/are correct?

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1,2 and 3

Answer: (c) 1 and 3 only

Explanation:

In NEWS: Scientists find new exoplanet-star pair having resemblance to Sun-Earth system

About Exoplanet

Source: https://www.hindustantimes.com/world-news/scientists-find-new-exoplanet-star-pair-having-resemblance-to-sun-earth-system/story-TzB5jbgHBGwpSxKblN7PlL.html


Advisory Committee on Administrative and Budgetary Questions’ is a subsidiary organ of the:

1.World Bank

2.World Economic Forum

3.NITI Aayog

4.United Nation

Answer: (d) United Nation

Explanation:

In NEWS: Indian diplomat Vidisha Maitra elected to U.N. Advisory Committee on Administrative and Budgetary Questions

About Advisory Committee on Administrative and Budgetary Questions

Source: https://www.thehindu.com/news/national/indian-diplomat-elected-to-un-advisory-committee-on-administrative-and-budgetary-questions/article33047693.ece


With reference to the Finance Commission of India, Which of the following statement is incorrect?

1.Finance Commission is a constitutional body under Article 280 created every five years to recommend the transfer of financial resources from the Centre to the States.

2.The Commission also decides the principles on which grants-in-aid will be given to the States.

3.The President of India appoints the Finance Commissioner

4.Recently, the Fourteenth Commission has been constituted

Answer: d) Recently, the Fourteenth Commission has been constituted

Explanation:

In NEWS: 15th Finance Commission submits its report to President

Source: https://www.thehindu.com/business/15th-finance-commission-submits-its-report-to-president/article33057464.ece


Consider the following statements regarding Income Tax Appellate Tribunal

1.It is an important statutory body in the field of direct taxes and its orders are accepted as final, on findings of fact.

2.ITAT was the first Tribunal to be created in the country.

Which of the statement(s) given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer: (c) Both 1 and 2

Explanation:

In NEWS: Modi to inaugurate office-cum-residential complex of I-T Appellate Tribunal

Source: https://www.business-standard.com/article/current-affairs/modi-to-inaugurate-office-cum-residential-complex-of-i-t-appellate-tribunal-120110901728_1.html


Consider the following statements regarding Indian Mobile Congress

1.It is a prestigious event jointly organized by the Department of Telecommunications and Cellular Operators Association of India.

2.The theme of this event is “Inclusive Innovation – Smart I Secure I Sustainable”.

3.IMC is considered the largest Digital Technology Forum in Asia for bringing together the industry, Government, academia, and other ecosystem players to discuss the latest industry technology trends around major themes such as SG, Artificial Intelligence (Al), Internet of things (loT) etc.

Which of the statement(s) given above is/are incorrect?

  1. 1 and 3 only
  2. 2 and 3 only
  3. 1 and 2 only
  4. 1, 2 and 3

Answer: (d) 1, 2 and 3

Explanation:

In NEWS: Shri Sanjay Dhotre announces the fourth edition of India Mobile Congress 2020 through a video message

Source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1671440


With reference to Anti-satellite Missile (A-SAT), consider the following statements

1.It is a fast-moving Indian orbiting target satellite in Low Earth Orbit (LEO) was neutralized with pinpoint accuracy.

‘2.Mission Shakti’ was country’s first ever Anti-Satellite (ASAT) Missile Test.

3.The successful conduct of Mission Shakti made India the second nation in the world with the capability to defend its assets in outer space.

Which of the given above statement(s) is/are correct?

  1. 1, 2 and 3
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1 and 2 only

Answer: (d) 1 and 2 only

Explanation:

In NEWS: Raksha Mantri Shri Rajnath Singh Unveils A-Sat Missile Model in DRDO Bhawan

Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1671442


With reference to the Bureau of Energy Efficiency (BEE), consider the following statements

1.BEE is a constitutional body under the Ministry of Power

2.BEE assists in developing policies and strategies with the primary objective of reducing the energy intensity of the Indian economy.

Select the incorrect answer using the code given below:

Answer: (a) 1 only

Explanation:

In News: Ministry of Power mandates all DISCOMs to comply Energy Conservation (EC) Act , 2001

Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1671473


In the context of India, which of the following factors is/are contributor/ contributors to reducing the risk of a currency crisis?

1.The foreign currency earnings of India’s IT sector

2.Increasing the government expenditure

3.Remittances from Indians abroad

Select the correct answer using the code given below.

Answer: (b) 1 and 3 only

Explanation: