1.    Consider the following statements regarding ‘National Council for Applied and Economic Research (NCAER)’:

1.    It is India’s oldest and largest independent, non-profit, economic policy research institute.

2.    It releases the State Investment Potential Index (N-SIPI).
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: NCAER was established in 1956. It is India’s oldest and largest independent, non-profit, economic policy research institute.
It is one of a handful of think tanks globally that combine rigorous analysis and policy outreach with deep data collection capabilities, especially for household surveys.
Statement 2 is correct: It launched the N-SIPI series in 2016 and the second N-SIPI was released in 2017.
Source: https://www.thehindu.com/news/national/ncaer-head-predicts-10-growth/article36419620.ece

2.    Consider the following statements regarding the Vice-President of India:

1.    The post of Vice-President of India is modelled on the lines of Irish Vice-President.

2.    Both elected and nominated members of both the Houses of Parliament take part in election of the Vice President.
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 incorrect: The post of Vice-President of India is modelled on the lines of American Vice-President.
There is no direct election for the Vice-President of India however; he/she is indirectly elected by an Electoral College.
Statement 2 is correct: In Electoral College for Vice President, both elected and nominated members of both the Houses of Parliament take part.
Source: https://www.thehindu.com/news/national/tamil-nadu/vice-president-pays-homage-to-subramania-bharati/article36422711.ece

3.    With reference to the National Intelligence Grid (NATGRID), consider the following statements:

1.    It is a database that links crime information, including First Information Reports, across 14,000 police stations in India.

2.    It collects and collates a host of information from government databases like tax and bank account details.

3.    It is headed by the secretary to the Ministry of Home Affairs.
Which of the statements given above is/are correct?
(a)    1 and 2 only

(b)    2 only

(c)    1 and 3 only

(d)    3 only

Explanation
NATGRID is an intelligence sharing network that collates data from the standalone databases of the various agencies and ministries of the Indian government.
Statement 2 is correct: It is a counter terrorism measure that collects and collates a host of information from government databases including tax and bank account details, credit/debit card transactions, visa and immigration records and itineraries of rail and air travel.
Statement 1 is incorrect: It will also have access to the Crime and Criminal Tracking Network and Systems, a database that links crime information, including First Information Reports, across 14,000 police stations in India.
Statement 3 is incorrect: NATGRID is headed by an Indian Police Service (IPS) officer.
Source: https://www.thehindu.com/news/national/national-intelligence-grid-to-finally-see-light-of-day/article36414741.ece

4.    Consider the following statements regarding the National Company Law Tribunal (NCLT):

1.    It is a quasi-judicial body in India that adjudicates issues relating to companies in India.

2.    It was formed based on the recommendations of the P K Mohanty Committee.
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: The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to companies in India.
It was established on 1st June, 2016 (Companies Act, 2013).
Statement 2 is incorrect: It was formed based on the recommendations of the Justice Eradi Committee.
It deals with matters mainly related to companies’ law and the insolvency law.
Term of members: Appointments will be for five years from the date of assumption of charge or till attaining the age of 65 or until further orders.
Source: https://www.thehindu.com/news/national/nclat-gets-third-acting-chairperson-in-a-row/article36431088.ece

5.    With reference to the Income Tax Appellate Tribunal (ITAT), consider the following statements:

1.    It was the first Tribunal to be created in India.

2.    It functions under the Ministry of Finance.
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
The Income Tax Appellate Tribunal (ITAT) deals with income tax matters.
It is statutory body in the field of direct taxes and its orders are accepted as final, on findings of fact.
Statement 1 is correct: ITAT was the first Tribunal to be created on 25th January, 1941 and is also known as ‘Mother Tribunal’.
Statement 2 is incorrect: With a view to ensuring highest degree of independence of the ITAT, it functions under the Department of Legal Affairs in the Ministry of Law and Justice and is kept away from any kind of control by the Ministry of Finance.
Source: https://www.thehindu.com/news/national/centre-appoints-31-members-to-nclt-itat/article36419887.ece