Question
Which schedule to the Constitution of India defines and specifies allocation of powers and functions between Union and States
Correct
Solution(b)
The Seventh Schedule to the Constitution of India defines and specifies allocation of powers and functions between Union & States. It contains three lists; i.e. 1) Union List, 2) State List and 3) Concurrent List. Originally there was 97 subjects in union list but now it is 100 subjects in union list. And in state list there was 66 subjects but now it is 61 subjects. And in concurrent list there was 47 subjects but now it is 52 subjects in concurrent list.
Incorrect
Solution(b)
The Seventh Schedule to the Constitution of India defines and specifies allocation of powers and functions between Union & States. It contains three lists; i.e. 1) Union List, 2) State List and 3) Concurrent List. Originally there was 97 subjects in union list but now it is 100 subjects in union list. And in state list there was 66 subjects but now it is 61 subjects. And in concurrent list there was 47 subjects but now it is 52 subjects in concurrent list.
Question 3 of 10
3. Question
2 points
Consider the following statements regarding ‘Election Commission of India’
1)The Chief Election Commissioner and other Election Commissioners can be removed from their office in a manner similar to the removal of a judge of the Supreme Court of India
2)The Chief Election Commissioner and other Election Commissioners are barred from holding any office under the Government of India upon retirement.
Choose the correct statements
Correct
Solution(d)
Statement Analysis:
Statement 1
The Chief Election Commissioner of India can be removed from their office in a manner similar to the removal of a judge of the Supreme Court of India which requires a resolution passed by the Parliament of India a two-thirds majority in both the Lok Sabha and the Rajya Sabha on the grounds of proved misbehaviour or incapacity. Other Election Commissioners can be removed by the President of India on the recommendation of the Chief Election Commissioner.
Statement 2
The law is silent with regard to the further appointment of the CEC and ECs to any post or office under the government after their retirement. There is also nothing in the Conditions of Service Act to prohibit a CEC or EC from joining any political party after retirement.
Incorrect
Solution(d)
Statement Analysis:
Statement 1
The Chief Election Commissioner of India can be removed from their office in a manner similar to the removal of a judge of the Supreme Court of India which requires a resolution passed by the Parliament of India a two-thirds majority in both the Lok Sabha and the Rajya Sabha on the grounds of proved misbehaviour or incapacity. Other Election Commissioners can be removed by the President of India on the recommendation of the Chief Election Commissioner.
Statement 2
The law is silent with regard to the further appointment of the CEC and ECs to any post or office under the government after their retirement. There is also nothing in the Conditions of Service Act to prohibit a CEC or EC from joining any political party after retirement.
Question 4 of 10
4. Question
2 points
Consider the following statements
1)Genetic changes can be introduced in the cells that produce eggs or sperms of a prospective parent.
2)A person’s genome can be edited before birth at the early embryonic stage.
3)Organs from a genetically modified pig can be transplanted into a human.
Choose the correct statements
Correct
Solution(d)
Statement Analysis:
1)CRISPR genome editing tool can be used for accomplishing genetic changes.
2)A person’s genome can be edited before birth at the early embryonic stage.
3)Recently, a heart from a genetically modified pig was transplanted into a human in USA.
Incorrect
Solution(d)
Statement Analysis:
1)CRISPR genome editing tool can be used for accomplishing genetic changes.
2)A person’s genome can be edited before birth at the early embryonic stage.
3)Recently, a heart from a genetically modified pig was transplanted into a human in USA.
Question 5 of 10
5. Question
2 points
Consider the following statements regarding ‘World Trade Organization’
1)WTO is an Inter-governmental Organization and a specialized agency of United nations.
2)It was established as a result of Marrakesh Agreement.
Choose the correct statements
Correct
Solution(b)
Statement Analysis:
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade between nations. Although the WTO is not a UN specialized agency, it has maintained strong relations with the UN and its agencies since its establishment.
2)WTO officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948.
Incorrect
Solution(b)
Statement Analysis:
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade between nations. Although the WTO is not a UN specialized agency, it has maintained strong relations with the UN and its agencies since its establishment.
2)WTO officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948.
Question 6 of 10
6. Question
2 points
Question
Consider the following statements about startups
1) A minicorn is a company with a valuation of more than $ 1 million.
2) A unicorn is a company with a valuation of more than $ 1 billion.
3) A decacorn is a company with a valuation of more than $ 1 trillion.
Which of the above statements is/are correct?
Correct
Correct Answer: A
Minicorn startups are companies with valuations of more than $ 1 million and they are still on the rise to become a unicorn business. Every entrepreneur has dreams that they will grow “massively” together with their business. And one of them has the luckiest way to make their dreams come true.
Startups have growth potential and the possibility of joining a unicorn club called Soonicorn. Soonicorn company is primarily funded and financed by an Angel Investor or a venture capitalist. Based on future forecasts about the industry market and firm valuations so they come up with a valuation for the business. And of course, it always exceeds the real value of the startups. In similar cases, larger organizations acquire startups, and this leads to valuing them above their actual net worth. This is a favorable condition to help startups join these Soonicorn clubs earlier and get closer to a $ 1 billion asset valuation.
Unicorns are public startups that are valued by venture capital one billion dollars or more. This term was created by Aileen Lee, the founder of Cowboy Ventures, and it appeared in 2013. It’s worth noting that you’ll be able to see a large number of those names look like they’re missing from the list books such as Facebook and Amazon, … These corporations are currently priced at a terrible number and significantly different from this position.
Decacorn is a startup company with a current valuation of over $ 10 billion. According to CBInsights, there are currently a total of 18 decacorns in the world, with 10 from the United States, fighting more than 50% of the total. But Toutiao (Bytedance), a Chinese digital/artificial intelligence media company is being valued at the top of the list with currently valued at $ 75 billion.
A tech, financial, or fintech companies worth more than $ 100 billion is called Hectocorn. Or there is another name for the company, this corporation is “Super Unicorn”. It is not uncommon that one of our familiar names such as Apple, Google, Microsoft, Facebook, Oracle and Cisco are examples of Heactacorn.
Incorrect
Correct Answer: A
Minicorn startups are companies with valuations of more than $ 1 million and they are still on the rise to become a unicorn business. Every entrepreneur has dreams that they will grow “massively” together with their business. And one of them has the luckiest way to make their dreams come true.
Startups have growth potential and the possibility of joining a unicorn club called Soonicorn. Soonicorn company is primarily funded and financed by an Angel Investor or a venture capitalist. Based on future forecasts about the industry market and firm valuations so they come up with a valuation for the business. And of course, it always exceeds the real value of the startups. In similar cases, larger organizations acquire startups, and this leads to valuing them above their actual net worth. This is a favorable condition to help startups join these Soonicorn clubs earlier and get closer to a $ 1 billion asset valuation.
Unicorns are public startups that are valued by venture capital one billion dollars or more. This term was created by Aileen Lee, the founder of Cowboy Ventures, and it appeared in 2013. It’s worth noting that you’ll be able to see a large number of those names look like they’re missing from the list books such as Facebook and Amazon, … These corporations are currently priced at a terrible number and significantly different from this position.
Decacorn is a startup company with a current valuation of over $ 10 billion. According to CBInsights, there are currently a total of 18 decacorns in the world, with 10 from the United States, fighting more than 50% of the total. But Toutiao (Bytedance), a Chinese digital/artificial intelligence media company is being valued at the top of the list with currently valued at $ 75 billion.
A tech, financial, or fintech companies worth more than $ 100 billion is called Hectocorn. Or there is another name for the company, this corporation is “Super Unicorn”. It is not uncommon that one of our familiar names such as Apple, Google, Microsoft, Facebook, Oracle and Cisco are examples of Heactacorn.
Question 7 of 10
7. Question
2 points
With reference to International Cooperation Scheme, consider the following statements:
1. The scheme can be availed both by Central or State Government Organizations.
2. It is being implemented by Ministry of Commerce and Industry.
Which of the statements given above is/are correct?
Correct
Correct Answer: A
Notes:
Statement 1 is correct: The scheme can be availed by (a)Central or State Government Organisations (b)Enterprise of Industry Associations and (c)registered societies or Trusts and Organisations which are associated with promoting and developing MSME.
Statement 2 is incorrect: it is being implemented by Ministry of Micro, Small and Medium Enterprises (MSME).
Incorrect
Correct Answer: A
Notes:
Statement 1 is correct: The scheme can be availed by (a)Central or State Government Organisations (b)Enterprise of Industry Associations and (c)registered societies or Trusts and Organisations which are associated with promoting and developing MSME.
Statement 2 is incorrect: it is being implemented by Ministry of Micro, Small and Medium Enterprises (MSME).
Question 8 of 10
8. Question
2 points
With reference to Self-Reliant India Fund (SRF), consider the following statements:
1. It is a Category-II Alternative Investment Fund registered with SEBI.
2. The fund is aimed at providing growth capital to the deserving and eligible units of the MSME sector.
Which of the statements given above is/are correct?
Correct
Correct Answer: C
Notes:
Both statements are correct.
It is a Category-II Alternative Investment Fund registered with SEBI with Mother Fund / Daughter Fund structure.
The fund is aimed at providing growth capital to the deserving and eligible units of the MSME sector. The total size of the fund is Rs. 50,000 Crore where Rs.10,000 Crore will come from the Government of India and Rs.40,000 Crore through Private Equity / Venture Capital funds.
Incorrect
Correct Answer: C
Notes:
Both statements are correct.
It is a Category-II Alternative Investment Fund registered with SEBI with Mother Fund / Daughter Fund structure.
The fund is aimed at providing growth capital to the deserving and eligible units of the MSME sector. The total size of the fund is Rs. 50,000 Crore where Rs.10,000 Crore will come from the Government of India and Rs.40,000 Crore through Private Equity / Venture Capital funds.
Question 9 of 10
9. Question
2 points
With reference to Missile Technology Control Regime (MTCR), consider the following statements:
1. It imposes legally binding obligations on its members.
2. India is formally included as member of the regime.
3. It was formed by G7 industrialized countries.
Which of the statements given above is/are correct?
Correct
Correct Answer: B
Notes:
Statement 1 is incorrect: The MTCR is not a treaty and does not impose any legally binding obligations on Partners (members). Rather, it is an informal political understanding among states that seek to limit the proliferation of missiles and missile technology.
Statement 2 and 3 are correct
Incorrect
Correct Answer: B
Notes:
Statement 1 is incorrect: The MTCR is not a treaty and does not impose any legally binding obligations on Partners (members). Rather, it is an informal political understanding among states that seek to limit the proliferation of missiles and missile technology.
Statement 2 and 3 are correct
Question 10 of 10
10. Question
2 points
Desulfovibrio vulgaris sometimes seen in news is a?
Correct
Correct Answer: A
Notes:
It is a type of bacteria which was first used in 1980s to clean a marble monument at the Cave Hill Cemetery in Louisville, USA.
Incorrect
Correct Answer: A
Notes:
It is a type of bacteria which was first used in 1980s to clean a marble monument at the Cave Hill Cemetery in Louisville, USA.
