1.    Which of the following statements is/are correct regarding the World Bank Group?

1.    International Development Association (IDA) is the largest global development institution focused exclusively on the private sector in developing countries.

2.    Multilateral Investment Guarantee Agency (MIGA) insures lenders and investors against political risk such as war.

3.    The World Bank Group has more than 190 member countries.
Select the correct answer using the code given below:
(a)    1 and 2 only

(b)    2 only

(c)    1 and 3 only

(d)    1,2 and 3

Explanation
Statement 3 is incorrect: With 189 member countries, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
With the founding of the International Finance Corporation (IFC) in 1956, the institution became able to lend to private companies and financial institutions in developing countries.
Statement 2 is correct: Multilateral Investment Guarantee Agency (MIGA) founded in 1988 insures lenders and investors against political risk such as war.
Statement 1 is incorrect: International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries.
Source: https://www.thehindu.com/todays-paper/tp-international/climate-change-could-cause-216-mn-to-migrate-world-bank/article36444304.ece

2.    With reference to the provisions related to Child Labour in India, consider the following statements:

1.    Article 23 of the Indian Constitution states that a child under 14 years cannot be employed to perform any hazardous work.

2.    India is yet to ratify the International Labour Organization Conventions Nos. 138 and 182.
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: According to Article 23 of the Indian Constitution any type of forced labour is prohibited.
Article 24 states that a child under 14 years cannot be employed to perform any hazardous work.
Article 39 states that “the health and strength of workers, men and women, and the tender age of children are not abused”.
In the same manner, Child Labour Act (Prohibition and Regulation) 1986 prohibits children under the age of 14 years to be working in hazardous industries and processes.
Statement 2 is incorrect: Further, with the ratification International Labour Organization Conventions Nos. 138 and 182 in 2017, the Indian government have demonstrated its commitment to the elimination of child labour including those engaged in hazardous occupations.
Source: https://www.thehindu.com/news/national/govt-curbs-funding-for-10-climate-change-child-labour-ngos/article36437596.ece


3.    Consider the following statements regarding the United Nations (UN) Human Rights Council:

1.    The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) serves as the Secretariat of the Human Rights Council.

2.    The members of the Council serve for a period of three years.
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 Human Rights Council is an inter-governmental body within the United Nations system responsible for strengthening the promotion and protection of human rights around the world.
The Council was created by the United Nations General Assembly in 2006. It replaced the former United Nations Commission on Human Rights.
Statement 1 is incorrect: The Office of the High Commissioner for Human Rights (OHCHR) serves as the Secretariat of the Human Rights Council. OHCHR is headquartered in Geneva, Switzerland.
Statement 2 is correct: Members of the Council serve for a period of three years and are not eligible for immediate re-election after serving two consecutive terms.
Source: https://www.thehindu.com/todays-paper/tp-international/hrc-chief-calls-for-close-attention-on-sri-lanka/article36444293.ece


4.    In the context of the Indian Economy, consider the following statements regarding Inflation:

1.    Wholesale Price Index measures the changes in the prices of goods sold and traded in bulk by wholesale businesses to other businesses.

2.    Wholesale Price Index is released by the National Statistical Office (NSO).

3.    Consumer Price Index measures price changes from the perspective of a retail buyer.
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: Wholesale Price Index: It measures the changes in the prices of goods sold and traded in bulk by wholesale businesses to other businesses.
Statement 2 is incorrect: Wholesale Price Index is published by the Office of Economic Adviser, Ministry of Commerce and Industry.
It is the most widely used inflation indicator in India.
The base year of All-India WPI has been revised from 2004-05 to 2011-12 in 2017.
Statement 3 is correct: Consumer Price Index: It measures price changes from the perspective of a retail buyer. It is released by the National Statistical Office (NSO).
Source: https://www.thehindu.com/business/Economy/retail-inflation-dips-to-53-in-august/article36433683.ece

5.    The concept of Integrated Judiciary in Indian constitution was borrowed from which of the following constitutions/acts?

(a)    USA constitution

(b)    British constitution

(c)    Government of India Act, 1935

(d)    Government of India Act, 1919
Explanation
The Indian Constitution has established an integrated judicial system with the Supreme Court at the top and the high courts below it. (Unlike the American Constitution)
Under a high court (and below the state level), there is a hierarchy of subordinate courts, that is, district courts and other lower Courts.
Option c is correct: This single system of courts, adopted from the Government of India Act of 1935, enforces both Central laws as well as the state laws.
The Supreme Court of India was inaugurated on January 28, 1950. It succeeded the Federal Court of India, established under the Government of India Act of 1935.
Source: https://www.thehindu.com/business/nclt-cant-allow-tweaks-in-a-successful-resolution-plan-sc/article36441244.ece