1. Consider following statements about, the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund):
1. President of India is the ex-officio Chairman of the PM CARES Fund.
2. PM CARES Fund has got exemption under the Foreign Contribution Regulation Act.
3. Contributions to the PM CARES Fund will be considered as part of Corporate Social Responsibility (CSR) of companies.
Which of the statements is/are correct?
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1 and 3 only
Explanation: Option (c) is correct
‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund)’ has been set up as a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic, and to provide relief to the affected, a public charitable trust.
Objectives of PM CARES Fund:
• To undertake and support relief or assistance of any kind relating to a public health emergency or any other kind of emergency, calamity or distress, either man-made or natural, including the creation or upgradation of healthcare or pharmaceutical facilities, other necessary infrastructure, funding relevant research or any other type of support.
• To render financial assistance, provide grants of payments of money or take such other steps as may be deemed necessary by the Board of Trustees to the affected population.
• To undertake any other activity, which is not inconsistent with the above Objects
Prime Minister is the ex-officio Chairman of the PM CARES Fund and Minister of Defence, Minister of Home Affairs and Minister of Finance, Government of India are ex-officio Trustees of the Fund.
PM CARES Fund has also got exemption under the FCRA and a separate account for receiving foreign donations has been opened. This enables PM CARES Fund to accept donations and contributions from individuals and organizations based in foreign countries. This is consistent with respect to Prime Minister’s National Relief Fund (PMNRF). PMNRF has also received foreign contributions as a public trust since 2011.
Statement 1 is incorrect:
Prime Minister is the ex-officio Chairman of the PM CARES Fund.
Statement 2 is correct:
PM CARES Fund has also got exemption under the FCRA and a separate account for receiving foreign donations has been opened. This enables PM CARES Fund to accept donations and contributions from individuals and organizations based in foreign countries.
Statement 3 is correct:
The Ministry of Corporate Affairs has clarified that contributions by companies towards the PM-CARES Fund will count towards mandatory Corporate Social Responsibility (CSR) expenditure.
Under the Companies Act, 2013, companies with a minimum net worth of Rs 500 crore or turnover of Rs 1,000 crore, or net profit of Rs 5 crore are required to spend at least 2% of their average profit for the previous three years on CSR activities every year.
Source: https://www.thehindu.com/news/national/pm-cares-not-govt-fund-functions-with-transparency-delhi-high-court-told/article36625938.ece
https://www.thehindu.com/news/national/pm-modi-announces-emergency-relief-fund-to-fight-coronavirus/article31192739.ece
https://www.pmindia.gov.in/en/about-pm-cares-fund/
https://www.thehindubusinessline.com/economy/policy/contributions-to-pm-cares-fund-will-be-considered-as-csr-centre/article31684769.ece

2. The term ‘Pegasus' sometimes mentioned in the news recently is related to :
(a) Exo-planets
(b) Spyware
(c) Crypto-currency
(d) Mini satellites
Explanation: Option (b) is correct
Pegasus is spyware developed by the Israeli cyberarms firm NSO Group that can be covertly installed on mobile phones. Pegasus can take multiple routes to reach a target’s phone. Its earliest avatars used spear phishing, a hit-or-miss method in which a malicious link is embedded in a message customised to entice the target to click. However, it has now evolved to include “zero-click” attacks, where the target need not take any action for the phone to be infected.
Source: https://www.thehindu.com/news/national/congress-demands-sc-monitored-probe-into-pegasus/article36634668.ece
https://www.thehindu.com/news/national/explained-pegasus-and-the-laws-on-surveillance-in-india/article35516430.ece

3. Consider the following countries:
1. Australia
2. Canada
3. Peru
4. India
5. Mexico
6. USA
Which of the above are members of The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)?
(a) 1, 2, 3 and 5
(b) 3, 4, 5 and 6
(c) 1, 3, 4 and 5
(d) 2, 3, 4 and 6
Explanation: Option (a) is correct
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement (FTA) between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam. The CPTPP was signed by the 11 countries in March ,2018 in Santiago, Chile.
Recently China and Taiwan both has applied to join an 11-nation Asia-Pacific free trade group, which has increased tensions between the two due to perceived violation of one-China policy.
Source https://www.thehindu.com/news/international/china-sends-fighter-jets-towards-taiwan/article36639205.ece
https://www.thehindu.com/news/international/china-applies-to-join-asia-pacific-free-pact-abandoned-by-donald-trump/article36510214.ece
https://www.thehindu.com/news/international/taiwan-asks-to-join-trade-group-says-china-might-interfere/article36625841.ece

4. Consider following statements about, the Competition Commission of India (CCI)?
1. It is a statutory body.
2. to ensure freedom of trade in the markets of India in one of the objectives of the commission.
Which of the statements is/are correct?
(a) 1 only
(b) 2 only
(c) both 1 and 2
(d) neither 1 nor 2
Explanation: Option (c) is correct
The Competition Commission of India (CCI) was established in March 2009 by Government of India under the Competition Act, 2002 for the administration, implementation, and enforcement of the Act.
Major objectives of CCI:
    Eliminate practices having adverse effect on competition
    Promote and sustain competition
    Protect the interests of consumers
    Ensure freedom of trade in the markets of India
      Establish a robust competitive environment through:-
•    Proactive engagement with all stakeholders, including consumers, industry, government and international jurisdictions.
•    Being a knowledge intensive organization with high competence level.
•    Professionalism, transparency, resolve and wisdom in enforcement.
Statement 1 is correct:
The CCI is a statutory body under the Competition Act, 2002.
Statement 2 is correct:
to ensure freedom of trade in the markets of India in one of the objectives of the commission.

Source: https://www.thehindu.com/business/Industry/google-moves-delhi-hc-against-cci-after-confidential-report-leak/article36626270.ece
http://www.cci.gov.in/vision-and-mission


5. The Climate Change Performance Index (CCPI) is released by-
(a) United Nations Environment Programme (UNEP)
(b) Intergovernmental Panel on Climate Change (IPCC)
(c) World Economic Forum (WEF)
(d) Germanwatch

Explanation: Option (d) is correct
Published annually since 2005, the Climate Change Performance Index (CCPI) tracks countries’ efforts to combat climate change. As an independent monitoring tool it aims to enhance transparency in international climate politics and enables comparison of climate protection efforts and progress made by individual countries.
Germanwatch, the NewClimate Institute and the Climate Action Network publish the index annually.
India ranked 10th in Climate Change Performance Index (CCPI) 2021. India, for the second time in a row, continued to remain in the top 10. Last year, India had been ranked at the ninth position.
Source https://www.thehindu.com/opinion/op-ed/a-climate-change-narrative-that-india-can-steer/article36639504.ece
https://germanwatch.org/en/CCPI