1. With respect to Ancient Monuments and Archaeological Sites and Remains Act, consider the following statements

  1. The Archaeological Survey of India functions under the provisions of this act.
  2. It provides for the regulation of archaeological excavations and for protection of sculptures, carvings
  3. It does not permit construction works in ‘prohibited areas’ for public purposes.

Which of the above statements are correct?

Answer: (a) 1 and 2 only

Explanation:

In News: Tunnel vision that is endangering India’s history

About Ancient Monuments and Archaeological Sites and Remains Act

Source: TH

2. Consider the following statements regarding Lion Capital of Ashoka

  1. It is built in 250 BC to commemorate the first sermon of Gautama Buddha
  2. It was part of Asoka’s plan to spread Buddha’s teachings.
  3. On January 26, 1950, the Lion Capital of Asoka at Sarnath officially became the national emblem of India.

Which of the above statements are correct?

Answer: (d) 1,2 and 3

Explanation:

In News: The outrage over the new ‘National Emblem’

Four Asiatic lions are part of the national emblem with three lions being visible to the naked eye and the fourth one always hidden from general view. They are taken from the Sarnath Lion Capital of the Mauryan emperor Asoka.

What is the history behind the national emblem?

Source: TH

3. Consider the following statements regarding wormhole

  1. It can act as a bridge or a shortcut between two points in curved spacetime which are well separated in practical terms to the inhabitants of the universe.
  2. The existence of wormholes has been predicted by Ludwig Flamm, in 1916

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: (c) Both 1 and 2

Explanation:

In NEWS:

Source: TH

4. Consider the following statements regarding GST Council

  1. It was set up by the President as per Article 279A (1) of the Constitution of India
  2. The members of the Council include the Union Finance Minister and the Union Minister of State (Finance)

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: (c) Both 1 and 2

Explanation:

In NEWS: All States agreed to GST changes on food items: Finance Minister

What is the GST Council?

Why was the GST Council set up?

Source: TH

5. Consider the following statements regarding Digital Communications Commission

  1. It is the apex body for telecom policy formulation.
  2. It consists of a Chairman, four full time members and four part time members

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: (c) Both 1 and 2

Explanation:

In NEWS: CAG flags lack of spectrum price review for captive users

About Digital Communications Commission

The DCC is responsible for:

Source: TH

6. Consider the following statements regarding Participatory notes (P-notes)

  1. They are issued by registered Foreign Portfolio Investors              
  2. They are issued for the overseas investors who want to invest in the stock markets in India, without being registered under SEBI

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: (c) Both 1 and 2

Explanation:

In NEWS: Investment via P-notes drops to ₹80,092 cr.

Investment in the Indian capital markets through participatory notes (P-notes) slid to ₹80,092 crore till June end, the lowest level in 20 months, on aggressive rate increases by the U.S. Federal Reserve.

About participatory notes

Who is a Foreign Portfolio Investor (FPI)?

Source: TH

7)A constitutional form of government is a.

                  a.Government of legislature

                  b.Popular government

                  c.Multi party government

                  d.Limited government

Answer: D

Explanation:

In the news:Chile marks a notch in global constitutionalism

The power of government are limited by the fundamental right in the Constitution,hence constitutional form of government is known as limited government.Hence option 4 is correct

8)Considered the following statement regarding Minimum support price

1. The government does not procure all farm produce at MSPs. Actual procurement (at MSP) varies with crop and geography

2.the government largely bases its decision on the recommendations of the Commission for Agricultural Costs and Prices (CACP) for MSP.

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

Answer:C

Explanation: In the news : SKM fumes over MSP panel, not to send its representatives

The MSPs are announced by the Union government and as such, it is the government’s decision. But the government largely bases its decision on the recommendations of the Commission for Agricultural Costs and Prices (CACP).Hence option 2 is correct

The government does not procure all farm produce at MSPs. Actual procurement (at MSP) varies with crop and geography. Also, MSPs have no statutory backing — a farmer cannot demand MSP as a matter of right.Hence Option 1 is correct.

9) Nagorno-karabakh is recently seen in news, situated between

  A.Russia and Ukraine

  B.Russia and Georgia

  C. Armenia and Azerbaijan

  D. Armenia and Turkey

Answer: C

Explanation:

In the news :Putin says progress in Ukraine grain talks

The Nagorno-Karabakh conflict has recently spiked into a major issue in the Caucasus region, with possible ramifications for the larger international community .Hence Option C is the correct answer.

image 4

10. The national motto of India, ‘Satyameva Jayate’ inscribed below the Emblem of India is taken from

Answer: (c) Mundaka Upanishad

Explanation: