1. Which of the following statements is/are correct about Wholesale Price Index(WPI)?
1.Current base year of WPI is 2020-21.
2.WPI captures the average movement of wholesale prices of goods and services.
Select the correct answer using the code given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

Explanation:
Statement 1 is incorrect: The new series of Wholesale Price Index(WPI) with base 2011-12 is effective from April 2017.

Statement 2 is incorrect: WPI captures the average movement of wholesale prices of goods and is primarily used as a GDP deflator. WPI(2011-12) reckons only basic prices and does not include taxes, rebate/trade discounts, transport and other charges.

Source:
https://eaindustry.nic.in/
https://www.thehindu.com/business/july-wpi-inflation-slows-slightly-to-112/article35947436.ece#:~:text=Inflation%20in%20wholesale%20prices%20slowed,as%20fuel%20and%20power%20moderating.&text=The%20Food%20Index%20saw%204.46,compared%20with%206.66%25%20in%20June.

2. Which of the following statements is/are correct about Natural Rubber?
1. Polyisoprene is an elastomer from which natural rubber is made.
2. Natural rubber consists of solids suspended in a milky fluid, called latex.
Select the correct answer using the code given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

Explanation:
The main chemical constituents of rubber are elastomers, or “elastic polymers,” large chainlike molecules that can be stretched to great lengths and yet recover their original shape.
Statement 1 is correct: The first common elastomer was polyisoprene, from which natural rubber is made.
Statement 2 is correct: Formed in a living organism, natural rubber consists of solids suspended in a milky fluid, called latex, that circulates in the inner portions of the bark of many tropical and subtropical trees and shrubs.
Source:
https://www.britannica.com/science/rubber-chemical-compound
https://www.thehindu.com/business/allow-duty-free-import-of-natural-rubber-atma/article35948487.ece#:~:text=The%20Automotive%20Tyre%20Manufacturers%20Association,industry%20to%20support%20domestic%20manufacturing.

3. West Bank, a region of conflict, is situated in:
(a) Middle East Region
(b) Scandinavian region
(c) Caucasus Region
(d) Siberian Region

Explanation: Option (a) is correct
The West Bank is a chunk of land located - as the name suggests - on the west bank of the River Jordan and bounded by Israel to the north, west and south. To its east lies Jordan.
The West Bank has been occupied by Israel since the 1967 Middle East war, but decades of difficult on-off talks between Israel and the Palestinians - both of whom assert rights there - have left its final status unresolved.

Source:
https://www.bbc.com/news/world-middle-east-52756427
https://www.thehindu.com/news/international/4-palestinians-killed-in-west-bank-clashes/article35946531.ece

4. Consider the following statements about The Employees’ State Insurance Corporation:
1. The first scheme under it was inaugurated by Indira Gandhi.
2. It is a statutory body.
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

Explanation:
Statement 2 is correct: The promulgation of Employees' State Insurance Act, 1948(ESI Act), by the Parliament was the first major legislation on social Security for workers in independent India. It was a time when the industry was still in a nascent stage and the country was heavily dependent on an assortment of imported goods from the developed or fast developing countries.

Statement 1 is incorrect: The scheme was inaugurated in Kanpur on 24th February 1952 (ESIC Day) by then Prime Minister Pandit Jawahar Lal Nehru.

Source:
https://www.esic.in/en/web/esic/history
https://www.thehindu.com/news/national/esic-notifies-relief-scheme-for-covid-hit/article35945660.ece

5. Which of the following statements is/are correct about Administrative Tribunals in India?
1. Provisions related to this were present in the original constitution as adopted on 26th November 1949.
2.The appeals against the orders of an Administrative Tribunal shall lie directly before the Supreme Court of India.
Select the correct statement using the code given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

Explanation:
Statement 1 is incorrect: The enactment of Administrative Tribunals Act in 1985 opened a new chapter in the sphere of administering justice to the aggrieved government servants. Administrative Tribunals Act owes its origin to Article 323-A of the Constitution which empowers Central Government to set-up by an Act of Parliament, Administrative Tribunals for adjudication of disputes and complaints with respect to recruitment and conditions of service of persons appointed to the public service and posts in connection with the affairs of the Union and the States. In pursuance of the provisions contained in the Administrative Tribunals Act, 1985, the Administrative Tribunals set-up under it exercise original jurisdiction in respect of service matters of employees covered by it.
Statement 2 is incorrect: As a result of the judgement dated 18 March 1997 of the Supreme Court, the appeals against the orders of an Administrative Tribunal shall lie before the Division Bench of the concerned High Court.

Source:
https://knowindia.gov.in/profile/the-union/administrative-tribunals.php
https://www.thehindu.com/todays-paper/tp-national/sc-raises-query-on-tribunal-reforms-bill/article35949537.ece