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Q1. Consider the following statements regarding the Gold Monetisation Scheme.
i) The scheme enables individuals and institutions to deposit idle gold with authorized entities and earn a return on such deposits.
ii) One of the objectives of the scheme is to reduce dependence on imports by mobilizing domestically held gold.
iii) Gold deposited under the scheme is necessarily returned to the depositor in the identical physical form in which it was deposited.
iv) The scheme seeks to bring idle household and institutional gold into the formal financial system.
Which of the statements given above are correct?
- Statement 1 is correct: The scheme encourages productive use of idle gold by allowing depositors to earn returns. Statement 2 is correct: A key objective is to reduce reliance on imported gold by increasing the availability of domestically mobilized gold. Statement 3 is incorrect: Deposited gold is generally refined and monetized. The depositor is not entitled to receive the very same ornaments or bars originally deposited. Statement 4 is correct: The scheme aims to integrate idle gold into the financial system so that it can support economic activity.
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Q2. With reference to the Kasampatti Sacred Grove, consider the following statements:
i) Sacred groves are traditionally protected by local communities through customary beliefs and practices and they often serve as refuges for native plant and animal species.
ii) Kasampatti sacred grove is located in the state of Tamil Nadu with primary purpose of commercial timber production under scientific forestry.
Which of the statements given above are correct?
- Statement 1 is correct: Sacred groves are conserved through long-standing cultural and religious traditions rather than formal protection alone. These groves often preserve biodiversity, including species that may have declined elsewhere. Statement 2 is incorrect: Kasampatti Sacred Grove is located in Tamil Nadu but Conservation—not commercial timber extraction—is the defining feature of sacred groves.
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Q3. AI Kosha is a secured AI datasets platform aimed to accelerate AI innovation and research in India. It will be a centralized repository which will enable AI research and innovation in India. Which of the following ministries has launched this platform?
- AI Kosha is a secured AI datasets platform aimed to accelerate AI innovation and research in India, which is launched by the Ministry of Electronics & Information Technology. It will be a centralized repository which will enable AI research and innovation in India.
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Q4. With reference to the Cali Fund, consider the following statements:
i) The Cali Fund was established under the framework of the Convention on Biological Diversity.
ii) It is intended to facilitate fair and equitable sharing of benefits arising from the use of digital sequence information related to genetic resources.
iii) Resources mobilized through the Fund are intended to support biodiversity conservation and sustainable use.
iv) The Fund is administered by the International Monetary Fund.
Which of the statements given above are correct?
- Statement 1 is correct: The Cali Fund emerged from decisions taken under the Convention on Biological Diversity. Statement 2 is correct: It is linked to benefit-sharing from the use of Digital Sequence Information (DSI) on genetic resources. Statement 3 is correct: The resources are meant to support biodiversity conservation and equitable benefit-sharing, especially for countries rich in biodiversity. Statement 4 is incorrect: The Fund is not administered by the IMF.
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Q5. With reference to Form 17C under the Conduct of Election Rules, 1961, consider the following statements:
i) Form 17C records the account of votes polled at a polling station.
ii) It contains details such as the total number of electors who voted and the votes recorded in the electronic voting machine (EVM) at that polling station.
iii) A copy of Form 17C is made available to the polling agents present after the close of polling.
iv) Form 17C is used by the Returning Officer to notify the final result of the election.
Which of the statements given above are correct?
- Statement 1 is correct: Form 17C serves as the official record of votes polled at an individual polling station. Statement 2 is correct: It includes key polling data, including votes recorded by the control unit of the EVM. Statement 3 is correct: Copies are provided to polling agents present, enhancing transparency in the electoral process. Statement 4 is incorrect: Declaration of election results is carried out through other statutory procedures and forms; Form 17C is only a polling station-level record.