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Q1. Consider the following statements:
i. The Contingent Risk Buffer is a specific reserve maintained by the RBI to deal with unexpected losses arising from monetary policy operations, exchange rate fluctuations, and other financial risks.
ii. It forms part of the RBI’s economic capital and helps in maintaining the overall stability of the central bank’s balance sheet.
iii. Any surplus amount in the Contingent Risk Buffer is automatically transferred to the Government of India every year as dividend.
Which of the above statements is/are correct?
- Statements i and ii are correct. The CRB acts as a financial safety net for the RBI against unforeseen risks. Statement iii is incorrect because the transfer of surplus to the government is not automatic. It is decided by the RBI Board based on the recommendations of the Economic Capital Framework and is not done every year from the CRB specifically.
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Q2. Consider the following statements about Shaheed Veer Gundadhur:
i. Veer Gundadhur was a tribal leader from the Bastar region in present-day Chhattisgarh who led the famous Bastar Rebellion in 1910 against British colonial forest laws.
ii. He mobilized local tribal communities to resist the restriction on their traditional forest rights and excessive exploitation by colonial authorities.
iii. After the rebellion, the British suppressed the rebellion and later made some administrative changes rather than granting autonomy.
Which of the statements given above is/are correct?
- All the statements are correct. Veer Gundadhur (also known as Gunda Dhur) is remembered as a brave tribal freedom fighter who united different tribal groups during the 1910 uprising. The British did not grant independence. They suppressed the rebellion and later made some administrative changes, but colonial control continued.
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Q3. Recently, a specie was found washed ashore at Girgaon Chowpatty before the onset of the monsoon. This organism was found floating on the sea surface, which is composed of multiple zooids working together as one unit. It has a small, disc shaped body with tentacles and its zooid performs specific functions like feeding, digestion, and movement. Which specie is being discussed above?
- Porpita porpita was recently found washed ashore at Mumbai's Girgaon Chowpatty before the onset of the monsoon. This organism was found floating on the sea surface, which is composed of multiple zooids working together as one unit. It has a small, disc shaped body with tentacles and its zooid performs specific functions like feeding, digestion, and movement.
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Q4. Consider the following statements regarding Viksit Bharat 2047:
i. Viksit Bharat 2047 is a long-term vision document of the Government of India aimed at transforming India into a developed nation by the year 2047, coinciding with 100 years of Independence.
ii. The vision focuses on four major pillars — economic development, social progress, environmental sustainability, and good governance.
iii. It is a legally binding document that mandates all states and union territories to achieve specific targets set by the Central Government every five years.
Which of the statements given above is/are correct?
- Statements i and ii are correct. Viksit Bharat @2047 is India’s ambitious national vision for becoming a developed country. It covers economic growth, social inclusion, sustainability, and governance reforms. Statement iii is incorrect because it is a guiding vision document and not a legally enforceable mandate with fixed five-year targets imposed on states.
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Q5. Panchayat Advancement Index, launched by Ministry of Panchayati Raj, is alinged with Localization of Sustainable Development Goals. Which of the following is not one of the nine Localization of Sustainable Development Goals?
- Panchayat Advancement Index, launched by Ministry of Panchayati Raj, is alinged with Localization of Sustainable Development Goals. There are nine Localization of Sustainable Development Goals. It includes- Poverty-Free and Enhanced Livelihoods, Healthy Panchayat, Child-Friendly Panchayat, Clean and Green Panchayat, Socially Just and Socially Secured Panchayat, Panchayat with Good Governance Women Friendly Panchayat, Panchayat with Self-Sufficient Infrastructure and Water-Sufficient Panchayat.