Consider the following Statements regarding India’s forests

As of 2019, about 21.67% of the country’s geographical area is identified as a forest

Forests of the Northeast and central India regions are the most vulnerable areas to forest fires

Forests in Assam, Mizoram and Tripura have been identified as ‘extremely prone’ to forest fire.

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: (d) 1,2 and 3 

Explanation:

In NEWS: Explained: Why forest fires break out in the spring, and why they have been so frequent this year

Forest cover in India

How prone to fire are India’s forests?

Why are forest fires difficult to control?

Source: https://indianexpress.com/article/explained/why-forest-fires-break-out-in-the-spring-and-why-they-have-been-so-frequent-this-year-7259057/


Consider the following Statements regarding Fixed-term employment

  1. It is a contract in which a company or an enterprise hires an employee for a specific period of time.
  2. It is introduced in the Code on Industrial Relations 2020
  3. It will be entitled to all statutory benefits like a permanent worker.

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: (d) 1,2 and 3 

Explanation:

In NEWS: Labour Bureau inks agreement with BECIL for conducting all-India surveys

About Fixed-term employment

Source: https://economictimes.indiatimes.com/news/economy/indicators/labour-bureau-inks-agreement-with-becil-for-conducting-all-india-surveys/articleshow/81586788.cms


Consider the following Statements regarding Primary forest

  1. These forests are found only in tropical region
  2. These forests are composed of native species and the ecological processes are relatively intact with no major human activity.
  3. Share of world’s  primary forests are found in Brazil, Canada and the Russian Federation 

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: (b) 2 and 3 only

Explanation:

In NEWS: Rainforest destruction went up by 12% in 2020, says report

About India’s primary forests

About Primary forest

Source: https://www.hindustantimes.com/environment/rainforest-destruction-went-up-by-12-in-2020-says-report-101617170691972.html


Consider the following Statements regarding Global Forest Watch

It is a dynamic online forest monitoring and alert system that empowers people everywhere to better manage forests.

It is released by World Resources Institute

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 lost 14% tree cover amid Covid, rainforest destruction up 12% in 2020

About Global Forest Watch

Source: https://www.business-standard.com/article/current-affairs/india-lost-14-tree-cover-amid-covid-rainforest-destruction-up-12-in-2020-121040200371_1.html


With reference to Corporate Insolvency Resolution Process, Consider the following Statements

It is initiated under the provisions of the Insolvency and Bankruptcy Code, 2016

The maximum time within which CIRP has to be mandatorily completed including any extension period is 1 year

The minimum amount of default for initiating CIRP is Rs. 1 lakh

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: Now, a pre-packaged insolvency process for MSMEs

About Corporate Insolvency Resolution Process

Source: https://www.thehindubusinessline.com/companies/msme/now-in-india-a-pre-packaged-insolvency-process-for-msmes/article34242211.ece


Which of the following statements is correct relating to the Pre-Pack Insolvency Resolution Process?

  1. It is an agreement for the resolution of the debt of a distressed company through a public bidding process instead of between secured creditors and investors 
  2. It needs to be completed within 6 months from the commencement date.
  3. It is an insolvency regime that involves only formal processes.
  4. It is a viable alternative to the current corporate insolvency process

Answer: (d) It is a viable alternative to the current corporate insolvency process

Explanation:

In NEWS: Now, a pre-packaged insolvency process for MSMEs

About Pre-Pack Insolvency Resolution Process

Source: https://www.thehindubusinessline.com/companies/msme/now-in-india-a-pre-packaged-insolvency-process-for-msmes/article34242211.ece


Consider the following Statements with respect to rubber plantation in India

The Rubber Act 1947 stipulates that registration of rubber plantations was mandatory and the Board was able to maintain an elaborate database.

The growing temperature for the rubber plant is from 10 to 15°C.

The rubber plantation requires a hot and humid climate with heavy and well-distributed rainfall of 200 cm to 300 cm

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: Rubber Board to conduct census on natural rubber plantations, prepare database

About rubber plantation in India

Climatic condition for Rubber Farming:

Source: https://www.thehindubusinessline.com/news/rubber-board-to-conduct-census-on-natural-rubber-plantations-prepare-database/article34212911.ece


.Consider the following Statements with respect to Sankalp se Siddhi

  1. It is an initiative of Tribal Cooperative Marketing Development Federation Ltd
  2. It is a Village and Digital Connect Drive.

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: SANKALP SE SIDDH – TRIFED’S VILLAGE AND DIGITAL CONNECT DRIVE LAUNCHED

About Sankalp se Siddhi

Source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1709433


Consider the following Statements with respect to E-Courts Project

  1. It is a mission mode project undertaken by the Department of Justice
  2. It is being implemented in by the High Courts as well as the District/Subordinate Courts of 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: e-Committee Supreme Court of India calls for comments suggestions and inputs on the draft vision document for its 3rd phase of eCourts project

About E-Courts Project

Objectives of the Project

Source: https://pib.gov.in/PressReleasPage.aspx?PRID=1709477


The term ‘West Texas Intermediate’, sometimes found in news, refers to a grade of 

  1. Crude oil
  2. Bullion
  3. Rare earth elements
  4. Uranium

Answer: (a) Crude oil

Explanation:

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