Answer: B
Explanation
● The Financial Services Institutions Bureau has been constituted effective from July 01, 2022, as an autonomous body of Government of India.
● It replaced the Banks Board Bureau (BBB).
● FSIB’s mandate is recommending persons for appointment as whole-time directors and non-executive chairpersons on the Board of Public Sector Banks (PSBs), Public Sector Financial Institutions (FIs) and Public Sector Insurance Companies (PSIs) and recommend measures to improve Corporate Governance in these Institutions. Hence, statement 1 is correct.
● FSIB is headed by a chairman, a central government nominee. Hence, statement 2 is incorrect.
● Other functions of the Bureau are :-
○ To advise the Government on matters relating to appointments, transfer or extension of term of office and termination of services of the said directors;
○ To advise the Government on the desired management structure at the Board level for PSBs, FIs and PSIs;
○ To build a databank containing data related to the performance of PSBs, FIs and PSIs;
○ To advise the Government on formulation and enforcement of a code of conduct and ethics for whole-time directors in PSBs, FIs and PSIs; Hence, statement 3 is correct.
○ To advise the Government on evolving suitable training and development programmes for management personnel in PSBs, FIs and PSIs
Explanation
● The Financial Services Institutions Bureau has been constituted effective from July 01, 2022, as an autonomous body of Government of India.
● It replaced the Banks Board Bureau (BBB).
● FSIB’s mandate is recommending persons for appointment as whole-time directors and non-executive chairpersons on the Board of Public Sector Banks (PSBs), Public Sector Financial Institutions (FIs) and Public Sector Insurance Companies (PSIs) and recommend measures to improve Corporate Governance in these Institutions. Hence, statement 1 is correct.
● FSIB is headed by a chairman, a central government nominee. Hence, statement 2 is incorrect.
● Other functions of the Bureau are :-
○ To advise the Government on matters relating to appointments, transfer or extension of term of office and termination of services of the said directors;
○ To advise the Government on the desired management structure at the Board level for PSBs, FIs and PSIs;
○ To build a databank containing data related to the performance of PSBs, FIs and PSIs;
○ To advise the Government on formulation and enforcement of a code of conduct and ethics for whole-time directors in PSBs, FIs and PSIs; Hence, statement 3 is correct.
○ To advise the Government on evolving suitable training and development programmes for management personnel in PSBs, FIs and PSIs
Answer: B
Explanation
MY Bharat
● Mera Yuva Bharat (MY Bharat) is an autonomous body set up by the Ministry of Youth Affairs & Sports to provide an overarching institutional mechanism powered by technology for youth development and youth-led development. Hence, answer is option B.
● Launched in 2023, the initiative aims to empower Indian youth through social mobility, educational equity, and practical skills.
● It is a 'Phygital Platform' (physical + digital) comprising physical activity along with an opportunity to connect digitally.
● Youth across the country can register on the MY Bharat portal (https://www.mybharat.gov.in/) and sign up for various opportunities and events available on the portal.
Explanation
MY Bharat
● Mera Yuva Bharat (MY Bharat) is an autonomous body set up by the Ministry of Youth Affairs & Sports to provide an overarching institutional mechanism powered by technology for youth development and youth-led development. Hence, answer is option B.
● Launched in 2023, the initiative aims to empower Indian youth through social mobility, educational equity, and practical skills.
● It is a 'Phygital Platform' (physical + digital) comprising physical activity along with an opportunity to connect digitally.
● Youth across the country can register on the MY Bharat portal (https://www.mybharat.gov.in/) and sign up for various opportunities and events available on the portal.
2. With reference to the State Disaster Response Fund (SDRF), consider the following statements.
1) SDRF is a statutory fund.
2) SDRF is entirely contributed from the states’ exchequer.
3) It shall be used for providing immediate relief to the victims as well as for disaster mitigation measures.
1) SDRF is a statutory fund.
2) SDRF is entirely contributed from the states’ exchequer.
3) It shall be used for providing immediate relief to the victims as well as for disaster mitigation measures.
How many of the above statement(s) is/are correct?
Anonymous Quiz
22%
A. Only one
60%
B. Only two
18%
C. All three
0%
D. None
Answer: A
Explanation:
● State Disaster Response Fund (SDRF) is a statutory fund constituted under the Disaster Management Act 2005 is the primary fund available with the State Government for responses to notified disasters. Hence, statement 1 is correct.
● The Central Government contributes 75% of SDRF allocation for general category States/UTs and 90% in North-East and Himalayan States. Hence, statement 2 is incorrect.
● The annual Central contribution is released in two equal installments as per the recommendation of the Finance Commission.
● SDRF shall be used only for meeting the expenditure for providing immediate relief to the victims. Hence, statement 3 is incorrect.
● The accounts of the SDRF shall be audited annually by Comptroller & Auditor General of India (CAG).
● Disasters covered under SDRF: Cyclone, Drought, Earthquake, Floods, Tsunami, Hailstorm, Landslide, Avalanche, Cloud burst, Pest attack, Frost and Cold wave.
Local Disaster
● State Government may use up to 10% of the funds available under SDRF for providing immediate relief to the victims of the natural disaster considered to be “Disaster” within the local context in the State and which is not included in the notified list of disaster of the Ministry of Home Affairs.
Explanation:
● State Disaster Response Fund (SDRF) is a statutory fund constituted under the Disaster Management Act 2005 is the primary fund available with the State Government for responses to notified disasters. Hence, statement 1 is correct.
● The Central Government contributes 75% of SDRF allocation for general category States/UTs and 90% in North-East and Himalayan States. Hence, statement 2 is incorrect.
● The annual Central contribution is released in two equal installments as per the recommendation of the Finance Commission.
● SDRF shall be used only for meeting the expenditure for providing immediate relief to the victims. Hence, statement 3 is incorrect.
● The accounts of the SDRF shall be audited annually by Comptroller & Auditor General of India (CAG).
● Disasters covered under SDRF: Cyclone, Drought, Earthquake, Floods, Tsunami, Hailstorm, Landslide, Avalanche, Cloud burst, Pest attack, Frost and Cold wave.
Local Disaster
● State Government may use up to 10% of the funds available under SDRF for providing immediate relief to the victims of the natural disaster considered to be “Disaster” within the local context in the State and which is not included in the notified list of disaster of the Ministry of Home Affairs.
3. With reference to the Petroleum and Natural Gas Regulatory Board (PNGRB), consider the following statements.
1) PGNRB is an executive body.
2) The primary objective of PNGRB is to protect the interests of consumers and entities.
3) The appeals against the decisions of the Board go before the National Company Law Tribunal.
1) PGNRB is an executive body.
2) The primary objective of PNGRB is to protect the interests of consumers and entities.
3) The appeals against the decisions of the Board go before the National Company Law Tribunal.
Which of the statements given above is/are incorrect?
Anonymous Quiz
14%
A. 1 and 2 only
43%
B. 1 and 3 only
24%
C. 2 and 3 only
19%
D. 1, 2 and 3
Answer: B
Explanation
● Petroleum and Natural Gas Regulatory Board (PNGRB) is a statutory body for the Petroleum and Natural Gas Sector constituted under the PNGRB Act, 2006. Hence, statement 1 is incorrect.
● The objective of PNGRB is to protect the interests of consumers and entities engaged in specified activities relating to petroleum, petroleum products and natural gas and to promote competitive markets. Hence, statement 2 is correct.
● The board has also been mandated to regulate the refining, processing, storage, transportation, distribution, marketing and sale of petroleum, petroleum products and natural gas excluding production of crude oil and natural gas so as to ensure uninterrupted and adequate supply of petroleum, petroleum products and natural gas in all parts of the country.
● The appeals against the decisions of the Board go before the Appellate Tribunal established under the Electricity Act, 2003. Hence, statement 3 is incorrect.
Explanation
● Petroleum and Natural Gas Regulatory Board (PNGRB) is a statutory body for the Petroleum and Natural Gas Sector constituted under the PNGRB Act, 2006. Hence, statement 1 is incorrect.
● The objective of PNGRB is to protect the interests of consumers and entities engaged in specified activities relating to petroleum, petroleum products and natural gas and to promote competitive markets. Hence, statement 2 is correct.
● The board has also been mandated to regulate the refining, processing, storage, transportation, distribution, marketing and sale of petroleum, petroleum products and natural gas excluding production of crude oil and natural gas so as to ensure uninterrupted and adequate supply of petroleum, petroleum products and natural gas in all parts of the country.
● The appeals against the decisions of the Board go before the Appellate Tribunal established under the Electricity Act, 2003. Hence, statement 3 is incorrect.
4. Consider the following factors.
Statement -I:
Pseudo melanistic tigers are found in Simlipal Tiger Reserve.
Statement -II:
Geographical isolation has led to constant inbreeding among tigers.
Statement -I:
Pseudo melanistic tigers are found in Simlipal Tiger Reserve.
Statement -II:
Geographical isolation has led to constant inbreeding among tigers.
Which one of the following is correct in respect of the above statements?
Anonymous Quiz
59%
A. Both Statements are correct and Statement-II is the correct explanation for Statement-I
28%
B. Both Statements are correct and Statement-II is not the correct explanation for Statement-I
8%
C. Statement-I is correct but Statement-II is incorrect
5%
D. Statement-I is incorrect but Statement-I is correct
Answer: A
Explanation
Melanism in Royal Bengal tigers
● Melanism is a genetic condition that causes animals to have black or nearly black skin, hair, or feathers due to increased melanin production.
● In Bengal tigers, the presence of higher levels of melanin, gives tigers black and yellow interspersed stripes on their coats which are much thicker than the stripes found in normal tigers.
● Since these tigers are not entirely black, they are often described as being pseudo-melanistic (false coloured).
● Factors such as geographical isolation have led to constant inbreeding amongst genetically related tigers for over generations leading to such melanistic tendencies. Hence, statement -II is correct and correctly explains statement -I.
○ Inbreeding refers to the mating of individuals or organisms that are closely related through common ancestry.
○ Constant inbreeding amongst species leads to poorer reproductive efficiency, lower growth rates, and higher mortality rates thereby threatening the survival of species.
● Simlipal Tiger Reserve is Odisha is the world’s only tiger habitat for pseudo melanistic tigers. Hence, statement -I is correct.
Explanation
Melanism in Royal Bengal tigers
● Melanism is a genetic condition that causes animals to have black or nearly black skin, hair, or feathers due to increased melanin production.
● In Bengal tigers, the presence of higher levels of melanin, gives tigers black and yellow interspersed stripes on their coats which are much thicker than the stripes found in normal tigers.
● Since these tigers are not entirely black, they are often described as being pseudo-melanistic (false coloured).
● Factors such as geographical isolation have led to constant inbreeding amongst genetically related tigers for over generations leading to such melanistic tendencies. Hence, statement -II is correct and correctly explains statement -I.
○ Inbreeding refers to the mating of individuals or organisms that are closely related through common ancestry.
○ Constant inbreeding amongst species leads to poorer reproductive efficiency, lower growth rates, and higher mortality rates thereby threatening the survival of species.
● Simlipal Tiger Reserve is Odisha is the world’s only tiger habitat for pseudo melanistic tigers. Hence, statement -I is correct.
5. With reference to the Bengal Tiger, consider the following statements.
1) The Bengal tiger is native to the Indian subcontinent.
2) They typically hunt in groups.
3) Generally, females are larger than males.
1) The Bengal tiger is native to the Indian subcontinent.
2) They typically hunt in groups.
3) Generally, females are larger than males.
Which of the statements given above is/are correct?
Anonymous Quiz
37%
A. 1 only
38%
B. 1 and 3 only
5%
C. 2 only
20%
D. 1, 2 and 3
Answer: A
Explanation
● The Bengal tiger (Panthera tigris tigris) is a subspecies of tiger native to the Indian subcontinent. Hence, statement 1 is correct.
● It inhabits hot and humid forests, and wetlands of India, Bangladesh, Bhutan, and Nepal.
● The Bengal tiger’s coat is yellow to light orange, with stripes ranging from dark brown to black.
● Males are larger in size than females. Hence, statement 3 is incorrect.
● They are solitary hunters. Hence, statement 2 is incorrect.
● They are carnivorous in their diet, preying on ungulates such as deer and antelope, gaurs, and wild boars.
Explanation
● The Bengal tiger (Panthera tigris tigris) is a subspecies of tiger native to the Indian subcontinent. Hence, statement 1 is correct.
● It inhabits hot and humid forests, and wetlands of India, Bangladesh, Bhutan, and Nepal.
● The Bengal tiger’s coat is yellow to light orange, with stripes ranging from dark brown to black.
● Males are larger in size than females. Hence, statement 3 is incorrect.
● They are solitary hunters. Hence, statement 2 is incorrect.
● They are carnivorous in their diet, preying on ungulates such as deer and antelope, gaurs, and wild boars.
1. ‘Credit Reserve Arrangement’ is related to the provisions of lending by which of the following organisations?