1. Recently in news, Omnicorn is a:
(a) Covid Strain
(b) MSME Classification Criteria
(c) When a company crosses 1 Billion mark valuation
(d) None of the above
Explanation: Option (a) is correct
The World Health Organization declared the recently-discovered B.1.1.529 strain of COVID-19, first detected in southern Africa, to be a variant of concern and renamed it Omicron.
Source: https://www.thehindu.com/sci-tech/health/who-declares-b11529-covid-19-variant-of-concern-renamed-omicron/article37710387.ece

2. Consider the following statements with regard to the Central Bureau of Investigation (CBI):
1. The CBI traces its origin to the Special Police Establishment (SPE) Act.
2. The director of CBI has a fixed tenure of two 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: Option (a) is correct
Statement 1 is correct: The Central Bureau of Investigation traces its origin to the Special Police Establishment (SPE) which was set up in 1941 by the Government of India. The functions of the SPE then were to investigate cases of bribery and corruption in transactions with the War & Supply Deptt. Of India during World War II. Superintendence of the S.P.E. was vested with the War Department. Even after the end of the War, the need for a Central Government agency to investigate cases of bribery and corruption by Central Government employees was felt. The Delhi Special Police Establishment Act was therefore brought into force in 1946. This Act transferred the superintendence of the SPE to the Home Department and its functions were enlarged to cover all departments of the Govt. of India. The jurisdiction of the SPE extended to all the Union Territories and could be extended also to the States with the consent of the State Government concerned.
 Statement 2 is incorrect: On November 14, the Centre moved an ordinance that allowed the tenure of the Central Bureau of Investigation director to be extended by up to five years.     
Source:  https://cbi.gov.in/About-Us/History
https://www.thehindu.com/news/national/cbi-gets-sanction-to-prosecute-retired-allahabad-high-court-judge-in-corruption-case/article37699642.ece

3. Consider the following statements with respect to the Chief Minister (CM):
1. The CM is appointed by the President.
2. A leader of the party that has got the majority share of votes in the assembly elections, is appointed as the Chief Minister of the state.
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: Option (b) is correct
Article 164 of the Constitution envisages that the Chief Minister shall be appointed by the governor.

•    A leader of the party that has got the majority share of votes in the assembly elections, is appointed as the Chief Minister of the state.
•    The Governor is the nominal executive authority, but real executive authority rests with the Chief Minister.
•    However, the discretionary powers enjoyed by the governor reduces to some extent the power, authority, influence, prestige and role of the Chief Minister in the state administration.
Source: https://www.thehindu.com/news/national/tamil-nadu/chief-minister-rolls-out-data-centre-policy/article37712168.ece#:~:text=The%20Tamil%20Nadu%20Government%20has,requirement%20with%20renewable%20energy%20sources.&text=The%20policy%2C%20released%20by%20Chief%

 
4. The Multidimensional Poverty Index (MPI).has been released by?
(a) Ministry of Rural Development
(b) Ministry of Health and Family Welfare
(c) Ministry of Women and Child Development
(d) NITI Aayog
Explanation: Option (d) is correct
With over 50% of the population in the State identified as “multidimensionally poor”, Bihar has the maximum percentage of population living in poverty among all the States and the Union Territories, according to Government think-tank NITI Aayog’s Multidimensional Poverty Index (MPI).
Source: https://www.thehindu.com/news/national/bihar-has-most-poor-people-in-india-niti-aayog/article37698673.ece

5. With reference to the Sovereign Gold Bond (SGB), consider the following statements:
1. The tenor of the bond will be for a period of eight years.
2.  SGB are isued by the Rbi on behalf of the government.
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 SGB w ill be denominated in multiples of gram (s) of gold with a basic unit of 1 gram. The tenor of the bond will be for a period of eight years with an exit option after the 5th year to be exercised on the next interest payment dates. Sovereign gold bonds are issued by the RBI on behalf of the government. They are government securities denominated in grams of gold. They are substitutes for holding physical gold.
Source: https://www.thehindu.com/business/markets/gold-bond-issue-priced-at-4791-per-gram/article37711087.ece