Consider the following statements regarding Acquisition and Cross-Servicing Agreement

  1. It is aimed at greater maritime cooperation and can upgrade India-Japan naval exercises as both countries are expected to share maritime facilities for mutual benefit.
  2. It will remain in force for 10 years

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: India and Japan Sign Military Logistics Agreement for All to See

About Acquisition and Cross-Servicing Agreement

Source: https://thediplomat.com/2020/09/india-and-japan-sign-military-logistics-agreement-for-all-to-see/


Consider the following statements regarding the Project 17A

  1. It is a follow-on of the Project 17 Shivalik-class frigate for the Indian Navy.
  2. INS Nilgiri is the first ship of Project17A.

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: Keel laid for the third stealth frigate of Project 17A

Source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1653068


Consider the following statements regarding Global Economic Freedom Index 2020

  1. It has been released as a part of the Economic Freedom of the World: 2020 report
  2. It ranks countries by looking at indicators like regulation, freedom to trade internationally, size of government, property rights, government spending and taxation

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: India slips 26 places to 105 in global economic freedom index; lags in rules & freedom to trade internationally

Source: https://indianexpress.com/article/business/economy/india-slips-26-places-to-105-in-global-economic-freedom-index-lags-in-rules-freedom-to-trade-internationally/


Singapore Convention, is sometimes seen in news, it is related to

  1. Mediation
  2. Forest Fire
  3. Water Management
  4. Disaster Management

Answer: (a) Mediation

Explanation:

In NEWS: Singapore Convention on Mediation comes into force

Source: https://www.thehindu.com/business/singapore-convention-on-mediation-comes-into-force/article32589671.ece#:~:text=Share%20Article-,’Settlement%20framework%20to%20boost%20ease%20of%20doing%20business’,are%20signatories%20to%20the%20Convention.

The word ‘Kapi ramnagarensis’ is sometimes mentioned in media in reference to

  1. fossils of a kind of ape species
  2. an early human species
  3. a cave system found in North -East India
  4. a geological period in the history of Indian subcontinent

Answer: (a) fossils of a kind of ape species

Explanation:

In NEWS: 13-million-year-old fossil ape discovered in Uttarakhand

Source: https://indianexpress.com/article/technology/science/13-million-year-old-fossil-ape-discovered-in-uttarakhand-6589508/


Consider the following statements regarding the National School of Drama

  1. It was set up by the Sangeet Natak Akademi
  2. It was registered as an autonomous organization under the Societies Registration Act of 1860, and is fully financed by the Ministry of Culture

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: President of India appoints veteran actor Paresh Rawal as new Chairman of National School of Drama Society

Veteran Actor Paresh Rawal has been appointed as Chairman of National School of Drama Society by President of India Shri Ram Nath Kovind.

About National School of Drama

Source: https://pib.gov.in/PressReleseDetail.aspx?PRID=1653678


Consider the following statements regarding Parliamentary Committees:

1.The quorum to constitute a sitting of a Committee is one-tenth of the total number of members of the Committee.

2.Presence of media is allowed in the meetings of the committees.

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: (d) Neither 1 nor 2

Explanation:

In NEWS: Parliamentary committees to get reconstituted ahead of monsoon session

About Parliamentary committees:

Source: https://www.livemint.com/news/india/parliamentary-committees-to-get-reconstituted-ahead-of-monsoon-session-11599539933445.html


Consider the following statements

  1. Line of Actual Control (LAC) is the demarcation that separates Indian-controlled territory from Chinese-controlled territory.
  2. While Line of Control (LoC) is only a concept, Line of Actual Control (LAC) has international sanctity.

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: (a) 1 only

Explanation:

In NEWS: India­China standoff casts a shadow on Nathu La border trade

About Line of Actual Control

Source: https://www.thehindu.com/news/national/india-china-standoff-casts-shadow-on-nathu-la-border-trade/article32588696.ece


Kara Sea is situated in which of the following ocean?

  1. Atlantic Ocean
  2. Arctic Ocean
  3. Indian Ocean
  4. Pacific Ocean

Answer: (b) Arctic Ocean

Explanation:

In NEWS: Scientists map transport of fresh water in seas of the Arctic Ocean

About Kara sea

Source: https://www.downtoearth.org.in/news/wildlife-biodiversity/global-eco-watch-scientists-map-transport-of-fresh-water-in-seas-of-the-arctic-ocean-73345


Consider the following statements:

  1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues.
  2. CAR is decided by each individual bank.

Which of the statements given above is/are correct?

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

Answer: (a) 1 only

Explanation:

Capital Adequacy Ratio (CAR) is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities. It is decided by central banks and bank regulators to prevent commercial banks from taking excess leverage and becoming insolvent in the process