1. Which of the following statements is/are correct about Net Zero emission?
1. It means countries agreeing to this target will not produce any greenhouse gas emission.
2. India has not yet agreed to a net zero emission target.
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: Put simply, net zero refers to the balance between the amount of greenhouse gas produced and the amount removed from the atmosphere. We reach net zero when the amount we add is no more than the amount taken away.

Statement 2 is correct:India has not entirely ruled out the possibility of agreeing to a “net zero” climate target, though it will not budge on demanding that developed nations make good their commitments, such as providing an annual $100 billion to developing countries for mitigating the impacts of climate change, facilitating technology transfer and putting in place a tangible market-based mechanism to activate the moribund carbon credit markets.

Source:
https://www.thehindu.com/news/morning-digest-october-23-2021/article37131218.ece#:~:text=India%20hasn't%20entirely%20ruled,climate%20change%2C%20facilitating%20technology%20transfer
https://www.nationalgrid.com/stories/energy-explained/what-is-net-zero

2. Which of the following statements best explains the meaning of “General Consent” to CBI?
(a) Constitution has given a general consent to CBI to investigate all central government employees.
(b) CBI needs consent of the union cabinet to start investigation in any case concerning a union minister.
(c) CBI needs consent of the state government in whose territorial jurisdiction, the CBI has to conduct an investigation.
(d) CBI needs consent of the Supreme Court to investigate any of its employees.

Explanation:Option (c) is correct
Unlike the National Investigation Agency (NIA), which is governed by its own NIA Act and has jurisdiction across the country, the CBI is governed by the Delhi Special Police Establishment Act that makes consent of a state government mandatory for conducting investigation in that state.
There are two kinds of consent: case-specific and general. Given that the CBI has jurisdiction only over central government departments and employees, it can investigate a case involving state government employees or a violent crime in a given state only after that state government gives its consent.
“General consent” is normally given to help the CBI seamlessly conduct its investigation into cases of corruption against central government employees in the concerned state.

Source:
https://www.thehindu.com/news/national/west-bengals-power-to-withhold-consent-to-cbi-is-not-absolute-centre-to-sc/article37121312.ece
https://indianexpress.com/article/india/cbi-investigation-consent-andhra-pradesh-west-bengal-5452619/

3. Which of the following actions will signal the central bank’s ‘accommodative’ policy stance?
1.Increasing of repo rate
2.Decreasing SLR
3.Buying securities from the open market

Select the correct answer using the code given below:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

Explanation:
Accommodative monetary policy is when central banks expand the money supply to boost the economy.

Statement 1 is incorrect: Increasing the repo rate will contract the money supply by making loans more costly.
Statement 2 and 3 is correct: Decreasing SLR and buying securities from the open market will lead to expansion of money supply in the economy.

Source:
https://www.thehindu.com/business/energy-transition-poses-inflation-risks/article37131153.ece
https://www.investopedia.com/terms/a/accomodativemonetarypolicy.asp#:~:text=Accommodative%20monetary%20policy%20is%20when,borrow%20and%20encourage%20more%20spending.

4. “Uighur”, an ethnic group in news, belongs to which of the following countries?
(a) Afghanistan
(b) Iraq
(c) Iran
(d) China

Explanation:Option (d) is correct
Forty-three countries have called on China to “ensure full respect for the rule of law” for the Muslim Uighur community in Xinjiang, in a statement read at the United Nations that sparked outrage from Beijing.
The declaration, signed by the United States as well as several European and Asian member states and others, accused China of a litany of human rights violations against the Uighurs, including torture, forced sterilisation and forced disappearances.
Source:
https://www.thehindu.com/news/international/43-countries-call-on-china-at-un-to-respect-uighur-rights/article37130917.ece

5. Which of the following are examples of non-tariff barriers?
1. Quotas
2. Embargoes
3. Levies
Select the correct answer using the code given below:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

Explanation: Option (d) is correct
A nontariff barrier is a way to restrict trade using trade barriers in a form other than a tariff. Nontariff barriers include quotas, embargoes, sanctions, and levies. As part of their political or economic strategy, some countries frequently use nontariff barriers to restrict the amount of trade they conduct with other countries.

Source:
https://www.thehindu.com/business/Industry/india-will-act-against-unfair-trade-practices/article37129702.ece#:~:text=Photo%20Credit%3A%20PTI-,Non%2Dtariff%20barriers%20must%20go%3A%20Goyal,unjust%20treatment%20in%20trade%20matters.
https://www.investopedia.com/terms/n/nontariff-barrier.asp