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Question 1 of 5
1. Question
With reference to Shanghai Cooperation Organization (SCO), consider the following statements:
1. It is an intergovernmental political, economic, and security alliance founded in 2001.
2. The Secretariat is the highest decision-making body of the SCO.
3. India and Pakistan are also members of the SCO.
How many of the statements is/are correct?
Correct
(b) Only two are correct
Shanghai Cooperation Organization is an intergovernmental political, economic, and security alliance founded in 2001 by Kazakhstan, China, Kyrgyzstan, Russia, Uzbekistan, and Tajikistan. The first summit was held in Shanghai, China, in 2001. (Statement 1 is correct)
The Shanghai Spirit is the core value of the SCO. It is about mutual trust, mutual benefit, equality, consultation, respect for cultural diversity, and the pursuit of common development among the SCO members.
The official working language of the SCO Secretariat is Russian and Chinese.
Members: China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan, Iran, and Uzbekistan (Statement 3 is correct)
Observers: Afghanistan, Belarus, and Mongolia
Dialogue Partners: Armenia, Azerbaijan, Cambodia, Sri Lanka, Turkey, Egypt, Nepal, Qatar, and Saudi Arabia
The Council of Heads of State: This is the highest decision-making body of the SCO and comprises the heads of state of all member countries. It meets annually to set the overall strategic direction for the organization. (Statement 2 is incorrect)
The Secretariat: It is the administrative arm of the SCO, responsible for coordinating and implementing the decisions of the organization. Based in Beijing, it is the main permanent executive body.
The Secretariat is headed by the Secretary-General and he is nominated by the Council of Ministers of Foreign Affairs and approved by the Heads of State Council.
Incorrect
(b) Only two are correct
Shanghai Cooperation Organization is an intergovernmental political, economic, and security alliance founded in 2001 by Kazakhstan, China, Kyrgyzstan, Russia, Uzbekistan, and Tajikistan. The first summit was held in Shanghai, China, in 2001. (Statement 1 is correct)
The Shanghai Spirit is the core value of the SCO. It is about mutual trust, mutual benefit, equality, consultation, respect for cultural diversity, and the pursuit of common development among the SCO members.
The official working language of the SCO Secretariat is Russian and Chinese.
Members: China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan, Iran, and Uzbekistan (Statement 3 is correct)
Observers: Afghanistan, Belarus, and Mongolia
Dialogue Partners: Armenia, Azerbaijan, Cambodia, Sri Lanka, Turkey, Egypt, Nepal, Qatar, and Saudi Arabia
The Council of Heads of State: This is the highest decision-making body of the SCO and comprises the heads of state of all member countries. It meets annually to set the overall strategic direction for the organization. (Statement 2 is incorrect)
The Secretariat: It is the administrative arm of the SCO, responsible for coordinating and implementing the decisions of the organization. Based in Beijing, it is the main permanent executive body.
The Secretariat is headed by the Secretary-General and he is nominated by the Council of Ministers of Foreign Affairs and approved by the Heads of State Council.
Question 2 of 5
2. Question
With reference to Satellite Applet tribunal (SAT), consider the following statements:
1. It is formed as a statutory and autonomous body under Securities and Exchange Board of India (SEBI) Act, 1992.
2. SAT hears appeals against orders issued by the Insurance Regulatory and Development Authority of India (IRDAI) in relation to cases filed before it.
3. Also hears appeals against orders issued by the Pension Fund Regulatory and Development Authority (PFRDA) in relation to cases filed before it.
How many of the statements is/are correct?
Correct
(c) All three statements are correct
It is formed as a statutory and autonomous body as per the provisions of the Securities and Exchange Board of India (SEBI) Act, 1992.
It was mainly established to hear appeals against orders passed by the SEBI or by an adjudicating officer under the SEBI Act.
The SAT hears appeals against the following orders:
1. Orders issued by the Insurance Regulatory and Development Authority of India (IRDAI) in relation to cases filed before it.
2. Orders issued by the Pension Fund Regulatory and Development Authority (PFRDA) in relation to cases filed before it.
3. Hear the orders passed by SEBI.
Composition: SAT consists of one Presiding Officer and such number of Judicial and Technical members as the Central Government may determine.
The person so appointed as the presiding Officer should meet the following requirements:
The retired or sitting judge of the Supreme Court
Chief Justice of the High Court
Judge of the High Court, who has completed at least seven years of service as a judge in a high court.
Judicial Member: Judge of the High Court for at least five years of service
Technical Member: Secretary or an Additional Secretary in the Ministry or Department of the Central Government or any equivalent post in the Central Government or a State Government; or
Person of proven ability, integrity, and standing, having special knowledge and professional experience of not less than 15 years in the financial sector, including the securities market, pension funds, commodity derivatives, or insurance.
The Presiding Officer and Judicial Members shall be appointed by the Central Government in consultation with the Chief Justice of India or its nominee.
Tenure: The tenure for the Presiding Officer and other members will be five years from the date of appointment, and they shall be eligible for re-appointment for another term of maximum five years.
However, no presiding officer or member shall hold office after he/she has attained the age of 70.
SAT has the same powers as vested in a civil court under the code of civil procedure while trying a suit.
Incorrect
(c) All three statements are correct
It is formed as a statutory and autonomous body as per the provisions of the Securities and Exchange Board of India (SEBI) Act, 1992.
It was mainly established to hear appeals against orders passed by the SEBI or by an adjudicating officer under the SEBI Act.
The SAT hears appeals against the following orders:
1. Orders issued by the Insurance Regulatory and Development Authority of India (IRDAI) in relation to cases filed before it.
2. Orders issued by the Pension Fund Regulatory and Development Authority (PFRDA) in relation to cases filed before it.
3. Hear the orders passed by SEBI.
Composition: SAT consists of one Presiding Officer and such number of Judicial and Technical members as the Central Government may determine.
The person so appointed as the presiding Officer should meet the following requirements:
The retired or sitting judge of the Supreme Court
Chief Justice of the High Court
Judge of the High Court, who has completed at least seven years of service as a judge in a high court.
Judicial Member: Judge of the High Court for at least five years of service
Technical Member: Secretary or an Additional Secretary in the Ministry or Department of the Central Government or any equivalent post in the Central Government or a State Government; or
Person of proven ability, integrity, and standing, having special knowledge and professional experience of not less than 15 years in the financial sector, including the securities market, pension funds, commodity derivatives, or insurance.
The Presiding Officer and Judicial Members shall be appointed by the Central Government in consultation with the Chief Justice of India or its nominee.
Tenure: The tenure for the Presiding Officer and other members will be five years from the date of appointment, and they shall be eligible for re-appointment for another term of maximum five years.
However, no presiding officer or member shall hold office after he/she has attained the age of 70.
SAT has the same powers as vested in a civil court under the code of civil procedure while trying a suit.
Question 3 of 5
3. Question
Consider the following statements with reference to Nuclear technology in India,
1. Department of Atomic Energy (DAE) is a public sector undertaking responsible for the design, construction, operation, and maintenance of nuclear power plants in India.
2. Nuclear Power Corporation of India Limited (NPCIL) is the nodal agency for the formulation and implementation of policies and programs for nuclear power development in India.
3. Bhabha Atomic Research Centre (BARC) is the premier research and development institution for nuclear science and technology in India.
How many of the above statements is/are correct?
Correct
(a) Only one is correct
India’s nuclear technology is developed and managed by several organizations, including:
Department of Atomic Energy (DAE): The DAE is the nodal agency for the formulation and implementation of policies and programs for nuclear power development in India. (Statement 1 is incorrect)
Nuclear Power Corporation of India Limited (NPCIL): NPCIL is a public sector undertaking responsible for the design, construction, operation, and maintenance of nuclear power plants in India. (Statement 2 is incorrect)
Bhabha Atomic Research Centre (BARC): BARC is the premier research and development institution for nuclear science and technology in India. (Statement 3 is correct)
Incorrect
(a) Only one is correct
India’s nuclear technology is developed and managed by several organizations, including:
Department of Atomic Energy (DAE): The DAE is the nodal agency for the formulation and implementation of policies and programs for nuclear power development in India. (Statement 1 is incorrect)
Nuclear Power Corporation of India Limited (NPCIL): NPCIL is a public sector undertaking responsible for the design, construction, operation, and maintenance of nuclear power plants in India. (Statement 2 is incorrect)
Bhabha Atomic Research Centre (BARC): BARC is the premier research and development institution for nuclear science and technology in India. (Statement 3 is correct)
Question 4 of 5
4. Question
Consider the following statements
1. European Union has passed the world’s first comprehensive regulation for artificial intelligence, the AI Act.
2. In India, Currently there is no specific laws in India with regard to regulating AI.
Select the incorrect answer from the below options?
Correct
(d) None of the above statements are correct
European Union (EU) lawmakers have passed the world’s first comprehensive regulation for artificial intelligence, called the AI Act. The rules, however, won’t take effect until 2025 at the earliest, leaving room for a lot of technological evolution until then. (Statement 1 is correct)
The law sets a global benchmark for countries seeking to harness the potential benefits of the technology, while trying to protect against its possible risks, like automating jobs, spreading misinformation online and endangering national security.
India does not have any specific laws that regulate artificial intelligence (AI). The Information Technology Act of 2000 and its rules and regulations do set out obligations related to AI. (Statement 2 is correct)
Incorrect
(d) None of the above statements are correct
European Union (EU) lawmakers have passed the world’s first comprehensive regulation for artificial intelligence, called the AI Act. The rules, however, won’t take effect until 2025 at the earliest, leaving room for a lot of technological evolution until then. (Statement 1 is correct)
The law sets a global benchmark for countries seeking to harness the potential benefits of the technology, while trying to protect against its possible risks, like automating jobs, spreading misinformation online and endangering national security.
India does not have any specific laws that regulate artificial intelligence (AI). The Information Technology Act of 2000 and its rules and regulations do set out obligations related to AI. (Statement 2 is correct)
Question 5 of 5
5. Question
Consider the following statements:
1. The CPI-based inflation data is compiled by the Department for Promotion of Industry and Internal Trade (or DPIIT).
2. The Wholesale price index (WPI) takes into account the change in prices of services.
3. The Consumer price index (CPI) takes into account the change in prices of manufacturing goods.
How many of the statements given above are incorrect?
Correct
(c) All three are incorrect
The CPI-based inflation data is compiled by the Ministry of Statistics and Programme Implementation (or MoSPI) and the WPI-based inflation data is put together by the Department for Promotion of Industry and Internal Trade (or DPIIT). (Statement 1 is Incorrect)
The Wholesale price index (WPI) takes into account the change in prices of manufacturing goods. The Consumer price index (CPI) takes into account the change in prices of services. (Statements 2 and 3 are incorrect)
Incorrect
(c) All three are incorrect
The CPI-based inflation data is compiled by the Ministry of Statistics and Programme Implementation (or MoSPI) and the WPI-based inflation data is put together by the Department for Promotion of Industry and Internal Trade (or DPIIT). (Statement 1 is Incorrect)
The Wholesale price index (WPI) takes into account the change in prices of manufacturing goods. The Consumer price index (CPI) takes into account the change in prices of services. (Statements 2 and 3 are incorrect)