1. Consider the following statements about the Repo Rate, a tool of Monetary Policy Committee:
1)  It is the rate at which the central bank lends money to commercial banks in the event of any shortfall of funds.
2) During the event of inflation, central banks decreases the repo rate.
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

Q2. In context of the National Water Development agency (NWDA), consider the following statements:
1) It was established as a Society under the Ministry of Water Resources and is fully funded by the Central Government.
2) Its main function is to carry out detailed surveys and investigations of possible reservoir sites and inter-connecting links across the country.
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. ‘Heracles Inexpectatus’ recently seen in the news is  
a) the smallest lizard
b) a species of big cat
c) the world’s largest Parrot
d) a flower endemic to western ghats
ANS: C

Q4. With reference to the Coastal Zone Management Authority (CZMA), consider the following statements:
1) It was created by Ministry of Environment to monitor and implement the provisions of the CRZ Notification, under Environment Protection Act, 1986.
2) It is a single authority created only at national level being headquartered at New Delhi.
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

Q5. National Electronic Fund Transfer (NEFT), is a payment system
a) which allows individuals to electronically transfer funds from any bank branch to any individual having an account with the same bank branch only.
b) in which money transfer from bank branches have no maximum limit.
c) which is the fastest possible money transfer system through the banking channel.
d) None of the above is correct.
ANS: B

Mains Question
Q. Over 70 years of Indian independence, the pace of development in Jammu and Kashmir has not been at par with the rest of India. What are the impediments to development in Jammu and Kashmir?

 

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