1. The practice of kurki was banned by the Punjab government. Kurki refers to
a. Stubble Burning
b. A Prescription Drug
c. Attachment of farmers’ land by banks in the event of non-payment of lon
d. None of the above
Answer Option: C
1. Kurki is attachment of farmers’ land by banks or arhtiyas/sahukars/traders (commission agents and private money lenders) in the event of non-payment of loan or debt.
2. Consider the following statements regarding Market Intervention Scheme (MIS)
1) The Market Intervention Scheme (MIS) is the price support announced by the Government of India at the beginning of the sowing season for horticultural commodities and other agricultural commodities which are perishable in nature
2) It provides remunerative prices to the farmers in case of glut in production and fall in prices.
Which of the above statements is/are correct
Answer Option: B
1. The Market Intervention Scheme (MIS) is an ad-hoc scheme under which are included horticultural commodities and other agricultural commodities which are perishable in nature and which are not covered under the minimum price support scheme. In order to protect the growers of these horticultural/agricultural commodities from making distress sale in the event of bumper crop during the peak arrival period when prices fall to very low level, Government implements M.I.S. for a particular commodity on the request of a State Government concerned
3. Consider the following statements regarding Advisory Board for Banking Frauds (ABBF):
1) Advisory Board for Banking Frauds (ABBF) is been constituted by the RBI to examine bank fraud of over ₹50 crore and recommend action.
2) It would function as the first level of examination of all large fraud cases before references are made to the investigative agencies.
3) It would also give inputs for policy formulation related to the fraud to the RBI.
Answer Option: (2, 3)
1. The Central Vigilance Commission (CVC) has constituted an ‘Advisory Board for Banking Frauds (ABBF)’ to examine bank fraud of over ₹50 crore and recommend following action: o The board’s jurisdiction would be confined to those cases involving the level of officers of General Manager and above in the Public Sector Banks in respect of an allegation of fraud in a borrowal account. o It would function as the first level of examination of all large fraud cases before recommendations or references are made to the investigative agencies by the respective public sector banks (PSBs). o Lenders would refer all large fraud cases above ₹50 crore to the board and on receipt of its recommendation or advice, the bank concerned would take further action in such matter. o The Central Bureau of Investigation may also refer any case or matter to the board where it has any issue or difficulty or in technical matters with the PSB concerned. o It would also periodically carry out frauds analysis in the financial system and give inputs for policy formulation related to the fraud to the RBI.
4. Which of the following are the possible implications when a country adopts negative rate policy:
1) Increases borrowing costs.
2) Help weaken a country’s currency rate by making it a less attractive investment than that of other currencies.
3) Boosts Inflation
Answer Option: Both(2, 3)
1. Under a negative rate policy, financial institutions are required to pay interest for parking excess reserves with the central bank. That way, central banks penalise financial institutions for holding on to cash in hope of prompting them to boost lending. What are the pros of negative rates: o Lowers borrowing costs. o Help weaken a country’s currency rate by making it a less attractive investment than that of other currencies. o A weaker currency gives a country’s export a competitive advantage and boosts inflation by pushing up import costs.
5. Which of the following are the members of BASIC countries:
3) South Africa
Answer Option: (1, 3, 5)
1. The BASIC countries (also Basic countries or BASIC) are a bloc of four large newly industrialized countries – Brazil, South Africa, India and China – formed by an agreement on 28 November 2009. o BASIC countries broadly have common position on reducing greenhouse gas emissions and raising the massive funds that are needed to fight climate change.
6. Consider the following statements:
1) Flue-gas desulfurization technology is used to reduce air pollution from coal power plants.
2) The largest source of SO2 in the atmosphere is through vehicular pollution
Which of the above statements is/are correct:
Answer Option: 1)
1. According to an analysis of a National Aeronautics and Space Administration (NASA) data released by environmental NGO Greenpeace, India has more than 15% of all anthropogenic sulphur dioxide (SO2) hotspots in the world detected by the OMI (Ozone Monitoring Instrument) satellite. o The major SO2 emission hotspots in India are Singrauli in Madhya Pradesh, Neyveli and Chennai in Tamil Nadu, Talcher and Jharsuguda in Odisha, Korba in Chhattisgarh, Kutch in Gujarat, Ramagundam in Telangana and Chandrapur and Koradi in Maharashtra. o The vast majority of plants in India lack flue-gas desulfurization technology to reduce their air pollution, according to the analysis. o As per country-wise world rankings, India was found at the top position in emitting SO2 as it has the maximum hotspots. o The report said SO2 emissions are a significant contributor to air pollution. The largest source of SO2 in the atmosphere is the burning of fossil fuels in power plants and other industrial facilities.
7. “Web- Wonder Women” Campaign recently seen in news is related to
a. Recognising the achievements made by women led start-ups
b. Acknowledge the efforts of women doctors serving in rural areas.
c. Making women as brand ambassadors for schemes related to women
d. Celebrating women who have impacted society through social media.
Answer Option: D
1. The Campaign has been launched by the Ministry of Women and Child Development, Government of India in association with the NGO Breakthrough and Twitter India. o Through the campaign, the Ministry aims to recognize the fortitude of Indian women stalwarts from across the globe who have used the power of social media to run positive & niche campaigns to steer a change in society. o The Campaign is aimed at encouraging, recognizing and acknowledging the efforts of these meritorious Women.
8. “Colistin”, recently seen in news is a
b. Dragon tree species
Answer Option C
1. Manufacture, sale and distribution of colistin and its formulations for food-producing animals, poultry, aqua farming and animal feed supplements have been prohibited in an order issued by Ministry of Health and Family Welfare. o Colistin is a valuable, last-resort antibiotic that saves human lives in critical care units. o Indiscriminate use of colistin has led to rise of anti-microbial resistance in the country
9. An Agricultural produce market committee (APMC) is established by the
a. Farmer Produce Organizations (FPOs
b. Authorized Local area Vendors (ALAVs)
c. State Government
d. Local Government
Answer Option: C
1. Agricultural Produce Market Committee (APMC) is a statutory market committee constituted by a State Government in respect of trade in certain notified agricultural or horticultural or livestock products, under the Agricultural Produce Market Committee Act issued by that state government.
10.The Ministry of Home Affairs (MHA) can designate individuals as “terrorists” under which of the following provisions
a. National Security Act, 1980
b. Prevention of Terrorism Act, 2002
c. The Unlawful Activities (Prevention) Amendment Act, 2019
d. Only organisations can be designated as terrorist and not individuals
Answer Option: C
1. The Ministry of Home Affairs (MHA) can designate individuals as “terrorists” under the amended anti-terror law that was passed by the Parliament in 2019. The Unlawful Activities Prevention Act (UAPA), enacted in 1967, was first amended in 2004, 2008 and 2013. The UAPA as amended in August 2019 gave the MHA the power to designate individuals as terrorists. Initially in 1967, the Act concerned itself with banning “unlawful” associations alone and had no mention of terrorism. “Unlawful activity” was defined as activities including speeches, writings etc that supported secessionist claims or questioned India’s sovereignty.