1.    Recently the first composite Financial Inclusion Index (FI-Index) was in the news. It is released by:

(a)    Ministry of Finance

(b)    Reserve Bank of India

(c)    Securities and Exchange Board of India

(d)    National Payments Corporation of India

Explanation: Option b is correct
Recently, the Reserve Bank of India (RBI) has unveiled the first composite Financial Inclusion Index (FI-Index).
The index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with the government and respective sectoral regulators.
It will be published annually in July every year.
Source: https://www.thehindu.com/business/rbi-unveils-financial-inclusion-index/article35965139.ece

2.    Consider the following statements:

1.    He founded the Sikh Empire by overthrowing Misls.

2.    He turned Harmandir Sahib at Amritsar into the Golden Temple by covering it with gold.
   Which of the following rulers is being described in the above statements?
(a)    Maharaja Ranjit Singh

(b)    Guru Gobind Singh

(c)    Maharaja Kharak Singh

(d)    Sardar Maha Singh
Explanation: Option a is correct
Maharaja Ranjit Singh was the founder of the Sikh Empire by overthrowing Misls. At that time, Punjab was ruled by powerful chieftains who had divided the territory into Misls.
He was given the title Lion of Punjab (Sher-e-Punjab) for his success in freeing Lahore from the Afghan invaders.
He turned Harmandir Sahib at Amritsar into the Golden Temple by covering it with gold.
Source: https://www.thehindu.com/news/international/maharaja-ranjit-singhs-statue-vandalised-in-pakistan/article35965217.ece

3.    Consider the following statements regarding ‘Hirakud Dam’:

1.    It is a multipurpose scheme conceived by Er. M. Visveswaraya.

2.    It is built across river Godaveri.

3.    It is the longest dam of India.
   Which of the statements given above are correct?
(a)    1 and 2 only

(b)    2 and 3 only

(c)    1 and 3 only

(d)    1,2 and 3
Explanation:
Statement 1 is correct: Hirakud Dam is a multipurpose scheme conceived by Er. M. Visveswaraya in 1937, after recurrence of devastating floods in Mahanadi river.
Statement 3 is correct: It is the longest dam of India.
Statement 2 is incorrect: The dam is built across river Mahanadi in Odisha.
Its first hydro power was commissioned in 1956.
Source: https://www.thehindu.com/news/national/other-states/wild-cattle-on-an-island-in-hirakud-cattle-have-grown-wild-for-60-years/article35958959.ece

4.    Consider the following statements regarding the Foreigners Tribunals:

1.    The tribunals are quasi-judicial bodies, to determine if a person staying illegally is a foreigner or not.

2.    Under the provisions of Foreigners Act 1946, only Foreigners Tribunals are empowered to declare a person as a foreigner.
   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 1 is correct: Foreigners Tribunals in Assam are quasi-judicial bodies, to determine if a person staying illegally is a “foreigner” or not.
Every individual, whose name does not figure in the final National Register of Citizens (NRC), can represent his/her case in front of the appellate authority i.e. Foreigners Tribunals (FT).
Statement 2 is correct: Under the provisions of Foreigners Act 1946 and Foreigners (Tribunals) Order 1964, only Foreigners Tribunals are empowered to declare a person as a foreigner.
The Assam Police Border Organisation, a wing of the State police tasked with detecting foreigners, readies the cases for the tribunals to decide who is a foreigner and who is not.
Source: https://www.thehindu.com/news/national/other-states/gurkhas-not-to-be-tagged-as-foreigners-orders-assam-govt/article35959260.ece

5.    Which of the following statements is/are correct regarding the Vehicle Scrapping Policy?

1.    Government commercial vehicles which are more than 20 years old and private vehicles which are over 15 years old will be scrapped.

2.    Registration fees will be waived off on the purchase of a new vehicle for people who will produce the 'Scrapping Certificate'.
   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 Vehicle Scrapping Policy was first announced in the Union Budget for 2021-22.
Statement 1 is incorrect: Old vehicles will have to pass a fitness test before re-registration and as per the policy government commercial vehicles more than 15 years old and private vehicles which are over 20 years old will be scrapped.
The Ministry has also issued rules for registration procedure for scrapping facilities, their powers, and scrapping procedure to be followed.
Statement 2 is correct: Vehicle manufacturers will also give a discount of 5% to people who will produce the 'Scrapping Certificate' and registration fees will be waived off on the purchase of a new vehicle.
Source: https://www.thehindu.com/business/scrappage-norms-will-boost-new-vehicle-demand-by-up-to-30-gadkari/article35965244.ece