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Question 1 of 7
1. Question
Consider the following statements,
1. He was a crusader for social justice and popularly known as Babuji, he dedicated his life for the betterment of the poor and downtrodden.
2. He was a freedom fighter and Dalit Icon, he worked tirelessly for the “underprivileged and deprived section of the society.
3. In 1946, he became the youngest ministerin Jawaharlal Nehru’s interim government, the first cabinet of India as a Labour Minister and also a member of the Constituent Assembly of India.
Guess the personality?
Correct
(c) Jagjivan Ram
He was a crusader for social justice. Popularly known as Babuji, he dedicated his life for the betterment of the poor and downtrodden.
He was a freedom fighter and Dalit Icon, he worked tirelessly for the “underprivileged and deprived section of the society. He was instrumental in the foundation of the All India Depressed Classes League in 1935, an organisation dedicated to attaining equality for untouchables.
He was elected to Bihar Legislative Assembly in 1937, after which he organised the rural labour movement.
In 1946, he became the youngest ministerin Jawaharlal Nehru’s interim government, the first cabinet of India as a Labour Minister and also a member of the Constituent Assembly of India, where he ensured that social justice was enshrined in the Constitution. He was the Defence Minister of India during the Indo-Pak war of 1971, which resulted in the creation of Bangladesh.
During his two tenures as Union Agriculture Minister his contribution to the Green Revolution in Indiaand modernising Indian agriculture, especially during 1974 drought is remembered.
At his death, he was the last surviving minister of the Interim Government and the last surviving original member of the first cabinet of independent India.
Incorrect
(c) Jagjivan Ram
He was a crusader for social justice. Popularly known as Babuji, he dedicated his life for the betterment of the poor and downtrodden.
He was a freedom fighter and Dalit Icon, he worked tirelessly for the “underprivileged and deprived section of the society. He was instrumental in the foundation of the All India Depressed Classes League in 1935, an organisation dedicated to attaining equality for untouchables.
He was elected to Bihar Legislative Assembly in 1937, after which he organised the rural labour movement.
In 1946, he became the youngest ministerin Jawaharlal Nehru’s interim government, the first cabinet of India as a Labour Minister and also a member of the Constituent Assembly of India, where he ensured that social justice was enshrined in the Constitution. He was the Defence Minister of India during the Indo-Pak war of 1971, which resulted in the creation of Bangladesh.
During his two tenures as Union Agriculture Minister his contribution to the Green Revolution in Indiaand modernising Indian agriculture, especially during 1974 drought is remembered.
At his death, he was the last surviving minister of the Interim Government and the last surviving original member of the first cabinet of independent India.
Question 2 of 7
2. Question
Consider the following statements,
1. He was a crusader for social justice and popularly known as Babuji, he dedicated his life for the betterment of the poor and downtrodden.
2. He was a freedom fighter and Dalit Icon, he worked tirelessly for the “underprivileged and deprived section of the society.
3. In 1946, he became the youngest ministerin Jawaharlal Nehru’s interim government, the first cabinet of India as a Labour Minister and also a member of the Constituent Assembly of India.
Guess the personality?
Correct
(c) Jagjivan Ram
He was a crusader for social justice. Popularly known as Babuji, he dedicated his life for the betterment of the poor and downtrodden.
He was a freedom fighter and Dalit Icon, he worked tirelessly for the “underprivileged and deprived section of the society. He was instrumental in the foundation of the All India Depressed Classes League in 1935, an organisation dedicated to attaining equality for untouchables.
He was elected to Bihar Legislative Assembly in 1937, after which he organised the rural labour movement.
In 1946, he became the youngest ministerin Jawaharlal Nehru’s interim government, the first cabinet of India as a Labour Minister and also a member of the Constituent Assembly of India, where he ensured that social justice was enshrined in the Constitution. He was the Defence Minister of India during the Indo-Pak war of 1971, which resulted in the creation of Bangladesh.
During his two tenures as Union Agriculture Minister his contribution to the Green Revolution in Indiaand modernising Indian agriculture, especially during 1974 drought is remembered.
At his death, he was the last surviving minister of the Interim Government and the last surviving original member of the first cabinet of independent India.
Incorrect
(c) Jagjivan Ram
He was a crusader for social justice. Popularly known as Babuji, he dedicated his life for the betterment of the poor and downtrodden.
He was a freedom fighter and Dalit Icon, he worked tirelessly for the “underprivileged and deprived section of the society. He was instrumental in the foundation of the All India Depressed Classes League in 1935, an organisation dedicated to attaining equality for untouchables.
He was elected to Bihar Legislative Assembly in 1937, after which he organised the rural labour movement.
In 1946, he became the youngest ministerin Jawaharlal Nehru’s interim government, the first cabinet of India as a Labour Minister and also a member of the Constituent Assembly of India, where he ensured that social justice was enshrined in the Constitution. He was the Defence Minister of India during the Indo-Pak war of 1971, which resulted in the creation of Bangladesh.
During his two tenures as Union Agriculture Minister his contribution to the Green Revolution in Indiaand modernising Indian agriculture, especially during 1974 drought is remembered.
At his death, he was the last surviving minister of the Interim Government and the last surviving original member of the first cabinet of independent India.
Question 3 of 7
3. Question
Consider the following statements,
1. He was a crusader for social justice and popularly known as Babuji, he dedicated his life for the betterment of the poor and downtrodden.
2. He was a freedom fighter and Dalit Icon, he worked tirelessly for the “underprivileged and deprived section of the society.
3. In 1946, he became the youngest ministerin Jawaharlal Nehru’s interim government, the first cabinet of India as a Labour Minister and also a member of the Constituent Assembly of India.
Guess the personality?
Correct
(c) Jagjivan Ram
He was a crusader for social justice. Popularly known as Babuji, he dedicated his life for the betterment of the poor and downtrodden.
He was a freedom fighter and Dalit Icon, he worked tirelessly for the “underprivileged and deprived section of the society. He was instrumental in the foundation of the All India Depressed Classes League in 1935, an organisation dedicated to attaining equality for untouchables.
He was elected to Bihar Legislative Assembly in 1937, after which he organised the rural labour movement.
In 1946, he became the youngest ministerin Jawaharlal Nehru’s interim government, the first cabinet of India as a Labour Minister and also a member of the Constituent Assembly of India, where he ensured that social justice was enshrined in the Constitution. He was the Defence Minister of India during the Indo-Pak war of 1971, which resulted in the creation of Bangladesh.
During his two tenures as Union Agriculture Minister his contribution to the Green Revolution in Indiaand modernising Indian agriculture, especially during 1974 drought is remembered.
At his death, he was the last surviving minister of the Interim Government and the last surviving original member of the first cabinet of independent India.
Incorrect
(c) Jagjivan Ram
He was a crusader for social justice. Popularly known as Babuji, he dedicated his life for the betterment of the poor and downtrodden.
He was a freedom fighter and Dalit Icon, he worked tirelessly for the “underprivileged and deprived section of the society. He was instrumental in the foundation of the All India Depressed Classes League in 1935, an organisation dedicated to attaining equality for untouchables.
He was elected to Bihar Legislative Assembly in 1937, after which he organised the rural labour movement.
In 1946, he became the youngest ministerin Jawaharlal Nehru’s interim government, the first cabinet of India as a Labour Minister and also a member of the Constituent Assembly of India, where he ensured that social justice was enshrined in the Constitution. He was the Defence Minister of India during the Indo-Pak war of 1971, which resulted in the creation of Bangladesh.
During his two tenures as Union Agriculture Minister his contribution to the Green Revolution in Indiaand modernising Indian agriculture, especially during 1974 drought is remembered.
At his death, he was the last surviving minister of the Interim Government and the last surviving original member of the first cabinet of independent India.
Question 4 of 7
4. Question
Consider the following statements:
1. No Proclamation of Emergency can be made by the President of India unless the Union Ministers of Cabinet rank, headed by die Prime Minister, recommended to him, in writing, mat’ such a Proclamation should be issued.
2. The President of India must issue a Proclamation of Revocation of Emergency any time that the Lok Sabha passes a resolution disapproving the proclamation or its continuance.
Which of the statements given above is / are correct?
Correct
(c) Both 1 and 2 are correct
Under Article 352, the President can declare a national emergency when the security of India or a part of it is threatened by war or external aggression or armed rebellion. It may be noted that the president can declare a national emergency even before the actual occurrence of war or external aggression or armed rebellion, if he is satisfied that there is an imminent danger.
A proclamation of national emergency may be applicable to the entire country or only a part of it. The 42nd Amendment Act of 1976 enabled the president to limit the operation of a National Emergency to a specified part of India.
A proclamation of emergency may be revoked by the President at any time by a subsequent proclamation. Such a proclamation does not require parliamentary approval. Further, the President must revoke a proclamation if the Lok Sabha passes a resolution disapproving its continuation. Again, this safeguard was introduced by the 44th Amendment Act of 1978. Before the amendment, a proclamation could be revoked by the president on his own and the Lok Sabha had no control in this regard.
The 44th Amendment Act of 1978 also provided that, where one-tenth of the total number of members of the Lok Sabha give a written notice to the Speaker (or to the president if the House is not in session), a special sitting of the House should be held within 14 days for the purpose of considering a resolution disapproving the continuation of the proclamation.
Incorrect
(c) Both 1 and 2 are correct
Under Article 352, the President can declare a national emergency when the security of India or a part of it is threatened by war or external aggression or armed rebellion. It may be noted that the president can declare a national emergency even before the actual occurrence of war or external aggression or armed rebellion, if he is satisfied that there is an imminent danger.
A proclamation of national emergency may be applicable to the entire country or only a part of it. The 42nd Amendment Act of 1976 enabled the president to limit the operation of a National Emergency to a specified part of India.
A proclamation of emergency may be revoked by the President at any time by a subsequent proclamation. Such a proclamation does not require parliamentary approval. Further, the President must revoke a proclamation if the Lok Sabha passes a resolution disapproving its continuation. Again, this safeguard was introduced by the 44th Amendment Act of 1978. Before the amendment, a proclamation could be revoked by the president on his own and the Lok Sabha had no control in this regard.
The 44th Amendment Act of 1978 also provided that, where one-tenth of the total number of members of the Lok Sabha give a written notice to the Speaker (or to the president if the House is not in session), a special sitting of the House should be held within 14 days for the purpose of considering a resolution disapproving the continuation of the proclamation.
Question 5 of 7
5. Question
With reference to the Liberalised Remittance Scheme, consider the following statements:
1. All resident individuals are allowed to freely remit up to USD 2, 50,000 per financial year.
2. Remittance for trading in foreign exchange abroad is prohibited.
3. Minors are not included in this scheme.
4. The Scheme is not available to corporates.
How many of the above statements are correct?
Correct
(b) Only two
Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 2, 50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both. (Statement 1 is correct and statement 3 incorrect)
The resident individuals can avail of foreign exchange facility for the purposes mentioned in Para 1 of Schedule III of FEM (CAT) Amendment Rules 2015, dated May 26, 2015, within the limit of USD 2,50,000 only.
The Scheme was introduced on February 4, 2004, with a limit of USD 25,000. The LRS limit has been revised in stages consistent with prevailing macro and micro economic conditions. If the remitter is a minor, the LRS declaration form must be countersigned by the minor’s natural guardian.
The Scheme is not available to corporates, partnership firms, HUF, Trusts, etc. (Statement 4 is correct)
The following are exempt from the scheme’s remittance facility:
(i) Remittance for any purpose specifically prohibited under Schedule-I (like the purchase of lottery tickets/sweep stakes, proscribed magazines, etc.) or any item restricted under Schedule II of Foreign Exchange Management (Current Account Transactions) Rules, 2000.
(ii) Remittance from India for margins or margin calls to overseas exchanges / overseas counterparty.
(iii) Remittances for the purchase of FCCBs issued by Indian companies in the overseas secondary market.
(iv) Remittance for trading in foreign exchange abroad. (Statement 2 incorrect)
(v) Capital account remittances, directly or indirectly, to countries identified by the Financial Action Task Force (FATF) as “non-cooperative countries and territories”, from time to time.
(vi) Remittances directly or indirectly to those individuals and entities identified as posing a significant risk of committing acts of terrorism as advised separately by the Reserve Bank to the banks.
(vii) Gifting by a resident to another resident, in foreign currency, for the credit of the latter’s foreign currency account held abroad under LRS.
Incorrect
(b) Only two
Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 2, 50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both. (Statement 1 is correct and statement 3 incorrect)
The resident individuals can avail of foreign exchange facility for the purposes mentioned in Para 1 of Schedule III of FEM (CAT) Amendment Rules 2015, dated May 26, 2015, within the limit of USD 2,50,000 only.
The Scheme was introduced on February 4, 2004, with a limit of USD 25,000. The LRS limit has been revised in stages consistent with prevailing macro and micro economic conditions. If the remitter is a minor, the LRS declaration form must be countersigned by the minor’s natural guardian.
The Scheme is not available to corporates, partnership firms, HUF, Trusts, etc. (Statement 4 is correct)
The following are exempt from the scheme’s remittance facility:
(i) Remittance for any purpose specifically prohibited under Schedule-I (like the purchase of lottery tickets/sweep stakes, proscribed magazines, etc.) or any item restricted under Schedule II of Foreign Exchange Management (Current Account Transactions) Rules, 2000.
(ii) Remittance from India for margins or margin calls to overseas exchanges / overseas counterparty.
(iii) Remittances for the purchase of FCCBs issued by Indian companies in the overseas secondary market.
(iv) Remittance for trading in foreign exchange abroad. (Statement 2 incorrect)
(v) Capital account remittances, directly or indirectly, to countries identified by the Financial Action Task Force (FATF) as “non-cooperative countries and territories”, from time to time.
(vi) Remittances directly or indirectly to those individuals and entities identified as posing a significant risk of committing acts of terrorism as advised separately by the Reserve Bank to the banks.
(vii) Gifting by a resident to another resident, in foreign currency, for the credit of the latter’s foreign currency account held abroad under LRS.
Question 6 of 7
6. Question
Rhino Bond, First wildlife bond issued by?
Correct
(a) World Bank
The World Bank (International Bank for Reconstruction and Development, IBRD) has issued the Wildlife Conservation Bond (WCB) to support of South Africa’s efforts to conserve endangered species of Black Rhino. Wildlife Conservation Bond (WCB) is also known as “Rhino Bond”. It is a five-year $150 million Sustainable Development Bond. It includes a potential performance payment from the Global Environment Facility (GEF).
The bond will contribute to protecting and increasing black rhino populations in two protected areas in South Africa namely the Addo Elephant National Park (AENP) and the Great Fish River Nature Reserve (GFRNR).
Incorrect
(a) World Bank
The World Bank (International Bank for Reconstruction and Development, IBRD) has issued the Wildlife Conservation Bond (WCB) to support of South Africa’s efforts to conserve endangered species of Black Rhino. Wildlife Conservation Bond (WCB) is also known as “Rhino Bond”. It is a five-year $150 million Sustainable Development Bond. It includes a potential performance payment from the Global Environment Facility (GEF).
The bond will contribute to protecting and increasing black rhino populations in two protected areas in South Africa namely the Addo Elephant National Park (AENP) and the Great Fish River Nature Reserve (GFRNR).
Question 7 of 7
7. Question
Consider the following statements:
1. Fort William College, also known as the College of Fort William, was established in 1800 by Lord Hastings, the then-Governor-General of British India.
2. The college was established to educate European administrators and to teach the vernacular languages of India to the civil and military officials of the East India Company.
3. Today, Fort William is the property of the Indian Army and houses the headquarters of the Eastern Command.
How many of the above statements is/are correct?
Correct
(b) Only two
Fort William College was established in 1800 by Lord Richard Wellesley, the Governor-General of British India at the time. The college was an academy of oriental studies and a center of learning located within the Fort William complex in Calcutta. (Statement 1 is incorrect)
The college’s primary mission was to educate British officials in Indian languages and culture to improve administration. The college library housed a collection of old manuscripts and historical books from across South Asia. (Statement 2 is correct)
Today, Fort William is the property of the Indian Army and houses the headquarters of the Eastern Command. (Statement 3 is correct)
Incorrect
(b) Only two
Fort William College was established in 1800 by Lord Richard Wellesley, the Governor-General of British India at the time. The college was an academy of oriental studies and a center of learning located within the Fort William complex in Calcutta. (Statement 1 is incorrect)
The college’s primary mission was to educate British officials in Indian languages and culture to improve administration. The college library housed a collection of old manuscripts and historical books from across South Asia. (Statement 2 is correct)
Today, Fort William is the property of the Indian Army and houses the headquarters of the Eastern Command. (Statement 3 is correct)
