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DAILY PRACTICE

Q.1

In the context of "Inter-State Council (ISC)", consider the following statements:

1.President of India establishes an Inter-State Council every fifth year to enquire into the disputes arising between states.

2.ISC can function only within the duties specified under the Article 263 of the Indian constitution.

Select the correct statement(s) using the codes given below:

1 only.

2 only.

Both 1 and 2.

Neither 1 nor 2.

Answer: d


Explanation:

Statement 1 is incorrect: According to Article 263, President of India can establish an Inter-Sate Council at any time when he thinks necessary in public interest. President of India is not bound to establish the Inter-State Council every fifth year.

Statement 2 is incorrect: President of India is also empowered to define the duties of an Inter-State Council constitutes under the Article 263.

Article 263 defines some of the duties of Inter-State Council as follows:

•Enquiring into and advising upon disputes which may arise between states.

•Investigating and discussing subjects having common interest of state and Centre.

•Giving recommendation on any subject which will lead to better co-ordination of policy and action.

Inter-State Council is an advisory body and its recommendation are non-binding in nature.

Q.2

With reference to "Finance Commission (FC)", consider the following statements:

1.2011 population data is taken into account by the 14th Finance Commission for the horizontal devolution of tax revenue.

2.Constitution of India specifies the qualification of members of the finance commission.

Select the correct statement(s) using the codes given below:

1 only.

2 only.

Both 1 and 2.

Neither 1 nor 2.

Answer: a


Explanation:

Statement 1 is correct: 14th Finance Commission took into account the following parameters for the horizontal tax devolution (means devolution among the states):

•Fiscal capacity (50%)

•1971 population (17.5%)

•2011 population (10%)

•Area of the state (15%)

•Forest cover (7.5%)

Fiscal discipline has been eliminated from parameters for the horizontal tax revenue devolution.

14th finance commission recommended 42% devolution (of tax revenue) to the states.

Statement 2 is incorrect: Article 280 specifies to constitute a finance commission by the president of India every fifth year or at such an earlier as he thinks necessary.

•Finance commission is a quasi-judicial, advisory body.

•Constitution of India empowers the parliament of India to specify the qualification of finance commission chairperson and members.

Functions of finance commission includes:

To make recommendation of following matters

•Distribution of the net proceeds of taxes to be shared between Centre and states and horizontal devolution of tax revenue between states.

•To determine the principles that should govern the grant-in-aid to the states by the Centre.

•To assess the measures needed to augment the consolidated fund of the state.

•Any other matter referred to it by the president of India.

Note: Grant in aid to the states by the Centre flow out Consolidated fund of India.

Q.3

With reference to "North-Eastern Rural Livelihood Project (NERLP)", consider the following statements:

1.NERLP is being implemented in the entire North-Eastern India, funded by the Asian Development Bank.

2.NERLP is primarily focused on improving the livelihood of women and disadvantaged population.

Select the correct statement(s) using the codes given below:

1 only.

2 only.

Both 1 and 2.

Neither 1 nor 2.

Answer: b


Explanation:

Statement 1 is incorrect: North Eastern Rural Livelihood Project is being implemented in Mizoram, Nagaland, Sikkim and Tripura by the Ministry of Development of North eastern Region.

•NERLP is funded by the World Bank.

Statement 2 is correct: NERLP is focused on improving the livelihood of rural population especially of women, unemployed youths and the most disadvantaged.

The objectives of NERLP includes:

•Creating a sustainable Community institutions such as Self-Help Groups (SHGs) and Community Development Groups.

•Capacity building of the institutions, bottom up planning etc.

•Skill development, resource management, financial linkages, improving agriculture, natural resource management by the community etc.

Q.4

In the Context of "UN Security Council (UNSC)", consider the following statements:

1.UNSC can issue a binding resolution to the UN member states.

2.Non-permanent members of UNSC are elected for a three year term period.

Select the incorrect statement(s) using the codes given below:

1 only.

2 only.

Both 1 and 2.

Neither 1 nor 2.

Answer: b


Explanation:

Statement 1 is correct: United Nation Security Council is a principle organ of United Nation (UN). It was established post the 2nd world war to serve the following objectives:

•Maintaining the peace in the world by establishing peacekeeping operations and authorizing military actions.

•Enforcing the international sanctions.

•Issuing binding resolution to member nations of UN.

Statement 2 is incorrect: UNSC has 5 permanent and 10 non-permanent members. The non-permanent members are elected by the General Assembly for a 2 year term period.

Only the permanent members have the authority to exercise veto against any decision of UNSC.

Q.5

Transfer Pricing is related to

Foreign currency exchange.

International Trade Statistics.

Tax Avoidance.

None of the above.

Answer: c


Explanation:

Transfer pricing refers to price of goods or other supplies within the firm itself.

It has been used (by the multi-national firms) in the past to avoid taxation in a particular country by booking profits in other nations through the higher transfer pricing.

Thus transfer pricing is related to tax avoidance. To counter such practices General Anti-Avoidance Rules (GAAR) and Arm's Length Principle has been used by the Indian tax authorities.

Q.6

With reference to "Global Conference on Cyber Space (GCCS)", consider the following statements:

1.GCCS 2017 was organized by the Department of Science and Technology (DST).

2.Digital Inclusion was on agenda under GCCS 2017.

Select the incorrect statement(s) using the codes given below:

1 only.

2 only.

Both 1 and 2.

Neither 1 nor 2.

Answer: a


Explanation:

Statement 1 is incorrect: Global Conference on Cyber Security was first held in London (2011). 2017 GCCS was organized in India by the Ministry of Electronics and IT.

It involves the participation of Government institutions, private sector and civil society (including cyber experts).

Statement 2 is correct: GCCS 2017 held under the theme of Cyber4All: A Secure and Inclusive Cyberspace for Sustainable Development.

The agenda GCCS 2017 included the following:

•Cyber for Inclusive Growth.

•Cyber for Digital Inclusion.

•Cyber for Security.

•Cyber for Diplomacy.

Q.7

Which of the following reports are published by the World Bank?

1.Global Financial Development.

2.World Development Indicators.

3.Global Financial Stability.

Select the correct answer using the codes given below:

1 and 2 only.

2 only.

1 and 3 only.

1, 2 and 3.

Answer: a


Explanation:

Important reports published by the World Bank are:

•World Development Report.

•Global Financial Development Report.

•Global Economic Prospects.

•Ease of doing business.

Global Financial Stability report and World Economic Outlook are published by IMF.

Q.8

Consider the following pairs of Geographical Indications and their locations:

1.Pochampally Ikat: Andhra Pradesh

2.Banganapalle Mangoes: West Bengal

3.Chakshesang Shawl: Nagaland

Which of the above pair(s) are correctly matched?

1 only.

1 and 3 only.

3 only.

1, 2 and 3.

Answer: c


Explanation:

Recent Geographical Indications and their locations are as follows:

•Pochampally Ikat: Telagana

•Banganapalle mangoes: Andhra Pradesh

•Chakshesang Shawl: nagaland

•Tulapanji rice: West bengal

•Gobindobhog rice: West Bengal

•Stone Sculpture: Mamallapuram

•Etikopakka toys: Andhra pradesh

•Rasgulla: West Bengal

Q.9

SAMPRITI is a

Joint Military exercise of India and Bangladesh.

Joint Naval exercise of India and Vietnam.

Mobile application giving information on buffer stock of food grains.

None of the above.

Answer: a


Explanation:

SAMPRITI is a joint military exercise of India and Bangladesh. 2017 SAMPRITI exercise was held in Mizoram.

It focuses on enhancing interoperability and cooperation between India and Bangladesh army, counter insurgency and counter terrorism exercises were conducted under SAMPRITI (2017) in semi-mountainous terrain.

Q.10

With reference to "Nirbhay Missile", consider the following statements:

1.Nirbhay is a supersonic cruise missile.

2.It can fire upto 2500km range.

Select the correct statement(s) using the codes given below:

1 only.

2 only.

Both 1 and 2.

Neither 1 nor 2.

Answer: d


Explanation:

Statement 1 is incorrect: Nirbhay is a subsonic cruise missile developed by the Defense Research and Development Organization(DRDO). Subsonic refers to the speed less than the speed of sound i.e. less than 1 mach. It is a long range and all-weathe missile.

Statement 2 is incorrect:

•Nirbhay missile has an operational range of 1000-1500km.

•It can carry both conventional and Nuclear warheads.

•It uses both solid fuel and a turbojet engine.

•Indian Regional Navigation Satellite System (IRNSS) is the guidance system for Nirbhay missile.

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