Consider the following statements:
1. In the first Lok Sabha, the single largest party in the opposition was the Swatantra Party.
2. In the Lok Sabha, a “Leader of the Opposition” was recognized for the first time in 1969.
3. In the Lok Sabha, if a party does not have a minimum of 75 members, its leader cannot be recognized as the Leader of the Opposition.
Which of the statements given above is/are correct?
The question asks us to identify the correct statements regarding the Leader of the Opposition and the composition of the Lok Sabha. We need to evaluate each statement individually based on historical facts and parliamentary rules.
B) 2 only
Which of the following leaf modifications occur(s) in desert areas to inhibit water loss?
1. Hard and waxy leaves
2. Tiny leaves
3. Thorns instead of leaves
Select the correct answer using the code given below:
The question asks about leaf modifications in desert plants to reduce water loss. We need to evaluate each given modification (hard and waxy leaves, tiny leaves, thorns instead of leaves) for its effectiveness in inhibiting transpiration in arid environments.
All three modifications are effective strategies employed by desert plants to conserve water in arid conditions.
D) 1, 2 and 3. All the listed modifications – hard and waxy leaves, tiny leaves, and thorns instead of leaves – are adaptations found in desert plants to minimize water loss through transpiration.
As per the NSSO 70th Round “Situation Assessment Survey of Agricultural Households”, consider the following statements:
1. Rajasthan has the highest percentage share of agricultural households among its rural households.
2. Out of the total agricultural households in the country, a little over 60 percent belong to OBCs.
3. In Kerala, a little over 60 percent of agricultural households are reported to have received maximum income from sources other than agricultural activities.
Which of the statements given above is/are correct?
The question asks to identify the correct statements based on the NSSO 70th Round "Situation Assessment Survey of Agricultural Households". We need to evaluate each statement against the findings of this survey.
C) 1 and 3 only — Statements 1 and 3 are correct based on the NSSO 70th Round "Situation Assessment Survey of Agricultural Households" findings.
How is the National Green Tribunal (NGT) different from the Central Pollution Control Board (CPCB)?
1. The NGT has been established by an Act whereas the CPCB has been created by an executive order of the Government.
2. The NGT provides environmental justice and helps reduce the burden of litigation in the higher courts whereas the CPCB promotes cleanliness of streams and wells, and aims to improve the quality of air in the country.
Which of the statements given above is/are correct?
The question asks to differentiate between the National Green Tribunal (NGT) and the Central Pollution Control Board (CPCB) based on their establishment and functions. We need to evaluate each statement for its accuracy.
Correct Option: B) 2 only
Consider the following statements:
1. The Parliament of India can place a particular law in the Ninth Schedule of the Constitutions of India.
2. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it.
Which of the statements given above is/are correct?
The question asks to evaluate two statements regarding the Ninth Schedule of the Indian Constitution. We need to determine if the Parliament has the power to place laws in the Ninth Schedule and if laws placed there are immune from judicial review.
A) 1 only. Statement 1 is correct as Parliament can add laws to the Ninth Schedule through constitutional amendments. Statement 2 is incorrect because the Supreme Court has established that laws placed in the Ninth Schedule after April 24, 1973, are subject to judicial review on the grounds of violating the basic structure of the Constitution.
The question asks for the best description of "Merchant Discount Rate" (MDR). This term is commonly associated with digital payment transactions. We need to identify the option that accurately defines the fee charged to merchants for processing card payments.
C) The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit cards.
This option accurately defines the Merchant Discount Rate (MDR). MDR is the percentage of the transaction value that a merchant pays to their acquiring bank for processing debit or credit card payments made by customers. This fee covers the costs associated with payment processing, infrastructure, and other services provided by the bank.
What is/are the consequence/consequences of a country becoming a member of the ‘Nuclear Suppliers Groups’?
1. It will have access to the latest and most efficient nuclear technologies.
2. It automatically becomes a member of “The Treaty on the Non-Proliferation of Nuclear Weapons (NPT)”.
Which of the statements given above is/are correct?
The question asks about the consequences of a country becoming a member of the Nuclear Suppliers Group (NSG). We need to evaluate each statement based on the objectives and functions of the NSG and its relationship with the Treaty on the Non-Proliferation of Nuclear Weapons (NPT).
A) 1 only. Statement 1 is correct because NSG membership facilitates access to advanced nuclear technologies for peaceful applications, subject to international safeguards. Statement 2 is incorrect because NSG membership does not automatically lead to NPT membership; they are separate international frameworks.
With reference to India’s decision to levy an equalization tax of 6% on online advertisement services offered by non-resident entities, which of the following statements is/are correct?
1. It is introduced as a part of the Income Tax Act.
2. Non-resident entities that offer advertisement services in India can claim a tax credit in their home country under the “Double Taxation Avoidance Agreements”.
Select the correct answer using the code given below:
The question asks about the Equalisation Levy of 6% on online advertisement services by non-resident entities in India. We need to evaluate two statements regarding its implementation and implications for Double Taxation Avoidance Agreements (DTAAs).
The Equalisation Levy was introduced in India through the Finance Act, 2016, and is governed by Chapter VIII of the Finance Act, 2016. It is a separate levy and is not part of the Income Tax Act, 1961. This distinction is crucial as it allows the government to levy this tax without necessarily amending existing DTAAs, which typically cover income taxes.
Double Taxation Avoidance Agreements (DTAAs) are typically designed to prevent double taxation of income taxes. Since the Equalisation Levy is not an income tax but a separate levy (often referred to as a "digital tax" or "Google tax"), it generally does not fall under the purview of DTAAs. Therefore, non-resident entities usually cannot claim a tax credit for the Equalisation Levy in their home country under existing DTAAs, unless specific provisions are made or the DTAA is amended to include such levies. Most DTAAs do not cover this specific type of levy.
Both statements are incorrect. The Equalisation Levy is not part of the Income Tax Act, and it generally does not qualify for tax credit under DTAAs because it is not an income tax.
Consider the following statements:
1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt-to-GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Government.
2. The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Governments.
3. As per the Constitution of India, it is mandatory for a State to take the Central Government’s consent for raising any loan if the former owes any outstanding liabilities to the latter.
Which of the statements given above is/are correct?
The question asks to identify the correct statements regarding fiscal responsibility, debt-to-GDP ratios, and constitutional provisions related to state borrowing in India. We need to evaluate each statement based on current economic policies and constitutional articles.
C) 1 and 3 only. Statement 1 accurately reflects the FRBM Review Committee's recommendations, and Statement 3 correctly describes a constitutional provision regarding state borrowing.
Consider the following statements:
1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years.
2. The government does not impose any customs duty on all the imported edible oils as a special case.
Which of the statements given above is/are correct?
This question tests knowledge about India's edible oil sector, specifically regarding import dependency and government policy on customs duties. We need to evaluate each statement based on recent trends and government regulations.
Correct Option: A) 1 only