(b) Only 1st and 3rd Statements are correct
Intergenerational equity is the idea of fairness or justice between generations. It can be applied to economic, psychological, and sociological contexts, and can refer to fairness in interactions and treatment between children, youth, adults, and seniors. It can also refer to the principle that the current generation should responsibly use and conserve natural resources for the benefit of future generations.
Intergenerational equity is about ensuring that the actions of the current generation do not impose undue burdens on future generations. Intergenerational equity focuses on fairness between different generations, not within the same generation.(2nd statement is incorrect)
Borrowing to finance current expenditure can lead to intergenerational inequity as it places the burden of repayment on future generations.

(c) All three statements are correct
FRBM stands for Fiscal Responsibility and Budget Management Act, 2003, which was enacted by the Parliament of India to improve financial discipline and public fund management.
The FRBM Act aims to reduce India’s fiscal deficit to 3% of GDP. The Act mandates the elimination of the revenue deficit by March 31, 2009 (Initially). Revenue Deficit Target – revenue deficit should be reduced to 0.8% of GDP by March 31, 2023.
The FRBM Act includes provisions for an “escape clause” that allows deviation from fiscal targets under certain conditions.
The Fiscal Responsibility and Budget Management (FRBM) Act of 2003 requires the Indian government to achieve a fiscal deficit of less than 4.5% of GDP by 2025–2026. The government’s 2024–2025 budget deficit is set at 5.1%, which is lower than the revised 5.8% for 2023–2024

(c) All three statements are correct
The foundation of India’s relationship with Bangladesh was laid in the 1971 Bangladesh Liberation War. India provided critical military and material support to assist Bangladesh in its fight for independence from Pakistan.
Bangladesh is India’s biggest trade partner in South Asia and India is the second biggest trade partner of Bangladesh in Asia.
In 2022, both nations concluded a joint feasibility study on a Comprehensive Economic Partnership Agreement (CEPA). The CEPA gains additional significance as Bangladesh is set to lose its Least Developed Country (LDC) status after 2026, thereby losing its duty-free and quota-free market access in India.
In 2018, Russia, Bangladesh and India signed a memorandum on cooperation in the implementation of the Rooppur Nuclear power plant project, Bangladesh’s first nuclear power reactor.
The Land Boundary Agreement (LBA) between India and Bangladesh was indeed signed in 2015, resolving long-standing border disputes and facilitating the exchange of enclaves.
The Ganges Water Sharing Treaty was signed in 1996 to share the waters of the Ganges River between the two countries.
The Maitree Express is a passenger train service that runs between Kolkata in India and Dhaka in Bangladesh, enhancing connectivity and people-to-people ties.

(a) 1, 2 and 3 only
India and Bangladesh are engaged in regional cooperation through multilateral forums such as SAARC (South Asian Association for Regional Cooperation), BIMSTEC (Bay of Bengal Multi-Sectoral Technical and Economic Cooperation) and Indian Ocean Rim Association (IORA).

(b) AlphaFold
AlphaFold, developed by DeepMind, is a groundbreaking innovation in biotechnology that uses artificial intelligence to predict protein structures with remarkable accuracy. This advancement has significant implications for drug discovery and understanding biological processes