Q1. Consider the following statements about the Co-origination model:
1) It was introduced by RBI last year to be established between the banks and non-banking financial companies.
2) Under this model, all scheduled commercial banks may engage with non-banking financial companies to co-originate loans for the creation of priority sector assets.
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: a

Q2. Consider the following statements about Defence Research and Development Organisation (DRDO):
1) DRDO was formed in 1950s by the amalgamation of already existing Technical Development Establishments.
2) The appointment for the post of chairman is done by the President of India.
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: a

Q3. Consider the following statements about the Financial Action Task Force (FATF):
1)  It was established by G-7 countries after recognising the threat posed to the banking system and to financial institutions in 1980s.
2) The cases of terror funding and drug trafficking are outside its mandate.
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: a

Q4. The Magnetospheric Multiscale Mission (MMS), recently seen in the news, is a
a) mission planned to Mars by NASA to collect information about possibility of existence of life.
 b) Solar Terrestrial Probes mission to study the phenomenon of magnetic reconnection.
c) mission targeted to research about  magnetic field around exoplanets.
d) None of the above.
ANS: b

Q5. Miyako Island, recently seen in the news, is located in
a) Phillipines
b) Indonesia
c) Japan
d) Oman
ANS: c

Mains Question:
Q.  The Unlawful Activities (Prevention) Amendment Act infringes more upon personal liberty than securing national security. Critically analyse.

 

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