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Q1. Which of the following countries is not a part of the G-20 group?
- The G-20 group comprises 19 countries which includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA and the African Union and the European Union). The group accounts for more than 85% of global GDP, two-thirds of the world population and around 75% of international trade.
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Q2. The Anoop Baranwal Case, 2023 pertains to which of the following constitutional bodies?
- The Chief Election Commissioner and other Election Commissioners (Appointment, Conditions of Service and Term of Office) Act, 2023 was passed to replace the Election Commission (Conditions of Service of Election Commissioners and Transaction of Business) Act, 1991. This was done to bypass the Supreme Court guidelines in the Anoop Baranwal Case, 2023. In the Anoop Baranwal Case, 2023, the SC ruled that a panel of the Prime Minister, LoP, and CJI would select CEC and ECs until Parliament passed a law.
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Q3. Consider the following statements about Payments Banks.
i) They can accept deposits only up to Rs 1 lakh per customer.
ii) They are not allowed to offer loans or credit cards.
iii) They were established under the recommendations of the Nachiket Mor committee.
Which of the above statements is/are correct?
- Payments Banks were established under the recommendations of the Nachiket Mor committee. They can accept deposits only up to Rs 2 lakh per customer. And they are not allowed to offer loans or credit cards.
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Q4. Enforcement Directorate is a specialized financial investigation agency under which of the following ministries?
- The Enforcement Directorate is a specialized investigation agency for financial frauds under the Department of Revenue, Ministry of Finance, Government of India. It enforces economic laws and tackles economic crimes like money laundering and foreign exchange violations.
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Q5. Consider the following statements regarding Appellate tribunals.
i) They are mentioned under Articles 323A & 323B of the constitution.
ii) They were not part of the original constitution and were added by the 42nd Amendment, 1976.
Which of the above statements is/are correct?
- Appellate tribunals are mentioned under Articles 323A & 323B of the constitution. Centre and state can establish them based on the provisions mentioned in these articles. They were not part of the original constitution and were added by the 42nd Amendment, 1976.