Q1. Consider the following statements about the Finance Commission of India:
1) The President is required to constitute a Finance Commission at an interval of five years or earlier.
2) After the establishment of 17th Lok Sabha recently, a new Finance Commission has been appointed.
Select the correct answer using the codes given below:
a)  1only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
ANS: A

Q2. With reference to the Non-Banking Financial Companies (NBFCs), consider the following statements:
1) NBFC cannot accept demand deposits.
2) It should have a minimum net owned fund of Rs. 200 lakh to get registered with RBI.
Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
ANS: C

Q3. In context of Himalayan ranges of India, consider the following statements:
1) Great Himalayas are also known as inner Himalayas or Himadri.
2) Zaskar,  Ladakh,  Kailas, and Karakoram are the main ranges of the Middle Himalayas.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
ANS: A

Q4. Which of the following is not correct in respect of local government in India?
a) According to the constitution, it is not an independent tier in the federal system.
b) 30% of the seats are reserved for women in the local bodies.
C) Elections to the local bodies are to be determined by a Commission.
d) None of the above.
ANS: B

Q5. Within Biological Communities, some species are important in determining the ability of a large number of other species to persist in the community. Such species are called
a) Keystone species
b) allopatric species
c) Threatened species
d) Sympatric species
ANS: A

Mains Question:
Q. Although India has not been impacted directly by the USA-China trade war, but due to existing domestic bottlenecks it has not been able to reap the significant benefits as an alternative to China. Elucidate?

 

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