09 August 2022: Daily Current Affairs & GK for HAS/HPAS & Allied Services
1. Consider the following statements in the context of
National Company Law Tribunal (NCLT)
1. It is a
quasi-judicial body which is established under Companies Act 2013
2. Only judicial
members are part of it.
3. Members of NCLT
has fixed tenure of three years or until the age of 65.
Select the correct
answer using the code given below:
a) 1 only
b) 2 and 3 only
c) 3 only
d) 1 and 3 only
Answer: (A)
Explanation:
Statement 1 is correct: National Company
Law Tribunal (NCLT) is a quasi-judicial authority incorporated for dealing with
corporate disputes that are of civil nature arising under the Companies Act. It
was set up by government under section 408 of the Companies Act, 2013 on June
2016.
Statement 2 is
not correct. The NCLT bench is chaired by a Judicial member and it
has both judicial and technical members to adjudicate disputes.
Statement 3 is
not correct: Tenure of Members: Members has tenure of 5 years or
until the age of 65.
2. Consider the
following statements
1. Debt recovery
Tribunal (DBT) deals with insolvency cases of companies and Limited Liability
Partnership (LLPs)
2. National Company
Law Tribunal (NCLT) deals with insolvency cases of individual and partnership
firms
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
Answer: (D)
Explanation:
Insolvency and
Bankruptcy Code (IBC), 2016 provides for
Adjudicating
authorities (AAs): These are specialized tribunals tasked with ensuring that
the insolvency resolution, liquidation, and bankruptcy process is being
performed as per the IBC and its related rules and regulations
There are two
adjucating authorities under IBC:
Statement 1 is
not correct: National Company Law Tribunal (NCLT) : for insolvency cases of
companies and Limited Liability Partnership (LLPs)
Statement 2 is
not correct: Debt recovery Tribunal (DBT): for insolvency cases of individual
and partnership firms.
3. Consider the
following statements, with respect to solar energy in India
1. India is net
importer of photovoltaic modules and photovoltaic cells.
2. Only India-based
manufacturers are allowed to bid for state/ central government grids projects:
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
Answer: (C)
Explanation:
Statement 1 is
correct: Despite imposing heavy import duty on photovoltaic modules
(40%) and 25% duty on photovoltaic cells. currently India is net importer of
photovoltaic modules and photovoltaic cells which accounts more than 70%.
Statement 2 is
correct: In order to protect
domestic manufacturers from competing imports and promote domestic production
of photovoltaic modules and photovoltaic cells , Government allowing only
India-based manufacturers to bid for state/ central government grids projects.
4. Which organisation/ministry conducts Industrial Outlook
Survey (IOS)?
a) Reserve Bank of
India (RBI)
b) Ministry of
Commerce
c) Ministry of
Statistics and Programme Implementation
d) Ministry of
Corporate Affair
Answer: (A)
Explanation:
Industrial
Outlook Survey (IOS) is conducted by Reserve Bank of India (RBI) on quarterly
basis.
The survey
assesses business sentiment for the first quarter and expectations for the
ensuing quarter period, based on qualitative responses on a set of indicators
pertaining to demand conditions, financial conditions, employment conditions
and the price situation.
The survey provides useful insight into the
performance of the manufacturing sector.
5. New START (Strategic Arms Reduction Treaty) is between
which two nations:
a) Russia-Ukrain
b) China-Japan
c) Russia-USA
d) Israel-Palestine
Answer: (C)
Explanation: New START (Strategic Arms Reduction Treaty)
is a nuclear arms reduction treaty between the United States and the Russian
Federation.
6. Which of the following statements is/are correct
regarding the provisions of the Medical Termination of Pregnancy Act (MTPA) in
force in India currently?
1. The 2021
amendment to the 1971 MTPA increased the upper gestation limit from 16 to 20
weeks for special categories of women, including survivors of rape, victims of
incest and other vulnerable women (differently abled women, minors, among
others).
2. It requires the
opinion of one Registered Medical Practitioner (RMP) for termination of
pregnancy up to 20 weeks of gestation.
3. Now a pregnancy
may be terminated up to 20 weeks- by a married or unmarried woman- in the case
of failure of contraceptive method or device.
Select the correct
option answer using the code given below:
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 3 only
Answer: (B)
Explanation:
The new Medical
Termination of Pregnancy (Amendment) Act 2021 amended the 1971 MTPA. It expands
the access to safe and legal abortion services on therapeutic, eugenic,
humanitarian and social grounds to ensure universal access to comprehensive
care.
7. Which of the following is NOT a major measure of macroeconomic
variable?
a) Gross Domestic
Product
b) Consumer Price
Index
c) Bank Rate
d) Unemployment rate
Answer: (C)
Explanation:
Macroeconomic variables are major indicators of overall economic health. It
focuses on the aggregate changes in the economy such as unemployment, growth
rate, gross domestic product (GDP), Balance of Payments and inflation.
8. Which of the following statements is/ are correct
regarding tribals in India?
1. As per the 2011
Census, tribals account for more than 10% of Indian population.
2. Scheduled Tribes
(STs) are tribes declared as such in the 5th schedule of the Indian
Constitution.
3. Particularly
Vulnerable Tribal Groups (PVTG) is a category of tribals who are the most
backward among the tribals.
Select the correct
option answer using the code given below:
a) 1 and 2 only
b) 2 and 3 only
c) 1 , 2 and 3
d) 3 only
Answer: (D)
Explanation: Tribals
account for around 8.6% of Indian population.
Article 342 of
the Constitution says that: The Scheduled Tribes (STs) are the tribes or tribal
communities which have been declared as such by the President through a public
notification.
The Dhebar
Commission (1973) created a separate category “Primitive Tribal Groups (PTGs)”
which was renamed in 2006 as “Particularly Vulnerable Tribal Groups (PVTGs)”.
PVTGs have some
basic characteristics - they are mostly homogenous, with a small population,
relatively physically isolated, absence of written language, relatively simple
technology and a slower rate of change etc.
9. Which of the following statements is/are correct
regarding Chola art and architecture?
1. Cholas built
upon, and improved, the Pallava architectural style.
2. Chola temples
were constructed mostly with stones on which various sculptures were carved by
hand.
3. The Shiva temple
of Thanjavur, built by Raja raja, is one of the finest examples of South Indian
architecture.
Select the correct
option 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
Answer: (C)
Explanation:
The Cholas of
Tanjore, also known as the Imperial Cholas, ruled over most of South India for
about four centuries i.e., 875 -1175 AD.
Cholas continued
with the temple building tradition of the Pallavas but shifted to using bricks
instead of stones. They also contributed a lot to the Dravidian style Temple
designs, which reached its perfection under the Cholas.
Stone and metal sculptures abound in Chola temples.
They depict Chola period socio-religious ideas. The Nataraja sculpture is
famous not only for its beauty, but also for its spiritual significance. The
Cholas used sculptures to decorate the walls, pillars, and roofs.
10. Which of the following statements is/ are correct
regarding Competition Commission of India (CCI) ?
1. CCI is an
executive body set up by a cabinet resolution of 2002.
2. It consists of 1
chairperson and maximum 3 members appointed by the central government.
3. CCI aims to
eliminate practices having adverse effects on competition, protect the
interests of consumers and ensure freedom of trade in the markets of India.
Select the correct
option answer using the code given below:
a) 1 and 2 only
b) 2 only
c) 1 and 3 only
d) 3 only
Answer: (D)
Explanation:
Competition
Commission of India (CCI) is a statutory body of the Government of India
responsible for enforcing the Competition Act, 2002.
The Commission
consists of one Chairperson and six Members who are appointed by the Central
Government.
Eligibility for
membership: he should be a person of ability, integrity and standing and who,
has been, or is qualified to be a judge of a High Court, or, has special
knowledge of, and professional experience of not less than 15 years in
international trade, economics, business, commerce, law, finance, accountancy,
management, industry, public affairs, administration or in any other matter
which, in the opinion of the Central Government, may be useful to the
Commission.
