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Question 1 of 6
1. Question
2 points
With reference to ‘White Label ATMs (WLAs)’, consider the following statements:
Automated Teller Machines (ATMs) set up, owned and operated by non-banks are called WLAs.
The facility of Cash Deposit is not available at WLAs.
Which of the statements given above is/are correct?
Correct
Option (a) is correct
Explanation:
Statement 1 is Correct: Automated Teller Machines (ATMs) set up, owned and operated by non-bank entities are called “White Label ATMs” (WLAs).
Non-bank entities incorporated in India under the Companies Act 1956 are allowed to operate WLAs.
Non-bank entities are permitted to set up WLAs in India, after obtaining authorisation from RBI under the Payment and Settlement Systems (PSS) Act 2007.
Such non-bank entities should have a minimum net worth of Rs 100 crore.
Statement 2 is not Correct: Availability of Services at white label ATM:
Dispensing cash as per your requirement
Depositing cash
Checking your account information
Making regular bill payments
Generating a mini or short statement
Requesting for a new cheque book
Incorrect
Option (a) is correct
Explanation:
Statement 1 is Correct: Automated Teller Machines (ATMs) set up, owned and operated by non-bank entities are called “White Label ATMs” (WLAs).
Non-bank entities incorporated in India under the Companies Act 1956 are allowed to operate WLAs.
Non-bank entities are permitted to set up WLAs in India, after obtaining authorisation from RBI under the Payment and Settlement Systems (PSS) Act 2007.
Such non-bank entities should have a minimum net worth of Rs 100 crore.
Statement 2 is not Correct: Availability of Services at white label ATM:
Dispensing cash as per your requirement
Depositing cash
Checking your account information
Making regular bill payments
Generating a mini or short statement
Requesting for a new cheque book
Question 2 of 6
2. Question
2 points
Consider the following statements regarding ‘International Seabed Authority(ISA)’:
The ISA came into existence upon the entry into force of the 1982 United Nations Convention on the Law of the Sea (UNCLOS).
The European Union is a member of the ISA.
Which of the statements given above is/are correct?
Correct
Option (c) is correct
Explanation:
The International Seabed Authority’s member nations agreed on a two-year roadmap for the adoption of deep sea mining regulations, despite conservationists’ calls for a moratorium on mineral extraction.
ISA was established in 1994 to regulate mining and related activities in the international seabed beyond national jurisdiction.
Statement 1 is Correct: The ISA came into existence upon the entry into force of the 1982 United Nations Convention on the Law of the Sea.
The supreme authority of the ISA is the assembly, in which all ISA members are represented.
The assembly sets general policies, establishes budgets, and elects a 36-member council, which serves as the ISA’s executive authority.
Headquarters: Kingston, Jamaica.
Statement 2 is Correct: Till May 2023, ISA has 168 Member States and the European Union as its member.
Incorrect
Option (c) is correct
Explanation:
The International Seabed Authority’s member nations agreed on a two-year roadmap for the adoption of deep sea mining regulations, despite conservationists’ calls for a moratorium on mineral extraction.
ISA was established in 1994 to regulate mining and related activities in the international seabed beyond national jurisdiction.
Statement 1 is Correct: The ISA came into existence upon the entry into force of the 1982 United Nations Convention on the Law of the Sea.
The supreme authority of the ISA is the assembly, in which all ISA members are represented.
The assembly sets general policies, establishes budgets, and elects a 36-member council, which serves as the ISA’s executive authority.
Headquarters: Kingston, Jamaica.
Statement 2 is Correct: Till May 2023, ISA has 168 Member States and the European Union as its member.
Question 3 of 6
3. Question
2 points
With reference to ‘Biological Diversity (Amendment) Bill, 2021’,consider the following statements:
It seeks to exempt registered AYUSH medical practitioners from intimating biodiversity boards before accessing biological resources.
The bill excludes Indian entities accessing raw materials derived from cultivated medicinal plants from payment of access and benefit- sharing.
The term codified traditional knowledge has not been defined.
Which of the statements given above is/are correct?
Correct
Option (c) is correct
Explanation:
The Lok Sabha has passed the Biological Diversity (Amendment) Bill, 2021, which aims to amend the Biological Diversity Act of 2002.
The legislation seeks to promote ease of doing business in the biodiversity sector and decriminalises all offences under the conservation law.
Statement 1 is Correct:It seeks to exempt registered AYUSH medical practitioners from intimating biodiversity boards before accessing biological resources.
Statement 2 is Correct: The bill excludes Indian entities accessing raw materials derived from cultivated medicinal plants from payment of access and benefit- sharing.
Statement 3 is Correct: The term codified traditional knowledge has not been defined.
Under it, Benefit sharing will be based on terms agreed between the user and the local management committee represented by the National Authority.
Incorrect
Option (c) is correct
Explanation:
The Lok Sabha has passed the Biological Diversity (Amendment) Bill, 2021, which aims to amend the Biological Diversity Act of 2002.
The legislation seeks to promote ease of doing business in the biodiversity sector and decriminalises all offences under the conservation law.
Statement 1 is Correct:It seeks to exempt registered AYUSH medical practitioners from intimating biodiversity boards before accessing biological resources.
Statement 2 is Correct: The bill excludes Indian entities accessing raw materials derived from cultivated medicinal plants from payment of access and benefit- sharing.
Statement 3 is Correct: The term codified traditional knowledge has not been defined.
Under it, Benefit sharing will be based on terms agreed between the user and the local management committee represented by the National Authority.
Question 4 of 6
4. Question
2 points
Consider the following statements regarding ‘Gig Economy’:
Statement-I: A gig economy is a labour market that relies on independent contractors and freelancers rather than full-time permanent employees.
Statement-II: In 2020, ASSOCHAM projected that India’s gig economy would rise at a compound annual growth rate of 17% to $455 billion by 2023.
Which one of the following is correct in respect of the above statements?
Correct
Option (b) is correct
Explanation:
Recently, Rajasthan Platform Based Gig Workers (Registration and Welfare) Bill, 2023 was passed by Rajasthan Assembly.
Statement 1 is Correct: A gig economy is a labour market that relies on independent contractors and freelancers rather than full-time permanent employees.
Statement 2 is Correct: In 2020, ASSOCHAM projected that India’s gig economy would rise at a compound annual growth rate of 17% to $455 billion by 2023.
According to a report by Nasscom, the gig economy is expected to contribute around 1.25% to India’s GDP by 2025, with the potential to create 90 million jobs.
Benefits of Gig Economy:
Gig economy can provide more flexibility, autonomy, income opportunities, skill development, and inclusion.
It can enable access to a large and diverse pool of talent, lower fixed costs, higher scalability, and better customer satisfaction.
It can offer more choice, convenience, quality, and affordability.
Incorrect
Option (b) is correct
Explanation:
Recently, Rajasthan Platform Based Gig Workers (Registration and Welfare) Bill, 2023 was passed by Rajasthan Assembly.
Statement 1 is Correct: A gig economy is a labour market that relies on independent contractors and freelancers rather than full-time permanent employees.
Statement 2 is Correct: In 2020, ASSOCHAM projected that India’s gig economy would rise at a compound annual growth rate of 17% to $455 billion by 2023.
According to a report by Nasscom, the gig economy is expected to contribute around 1.25% to India’s GDP by 2025, with the potential to create 90 million jobs.
Benefits of Gig Economy:
Gig economy can provide more flexibility, autonomy, income opportunities, skill development, and inclusion.
It can enable access to a large and diverse pool of talent, lower fixed costs, higher scalability, and better customer satisfaction.
It can offer more choice, convenience, quality, and affordability.
Question 5 of 6
5. Question
2 points
Which of the following statements is/are correct regarding ‘Fragile X or Martin-Bell syndrome’?
Fragile X Syndrome is responsible for intellectual disability and autism.
It follows an Y-linked pattern of inheritance.
Select the correct answer using the code given below:
Correct
Option (a) is correct
Explanation:
Each year on July 22nd, National Fragile X Awareness Day celebrates those impacted by Fragile X syndrome.
Statement 1 is Correct:Fragile X Syndrome is a genetic disorder that is responsible for intellectual disability and autism.
Statement 2 is not Correct:Fragile X Syndrome follows an X-linked pattern of inheritance. This means that the mutated gene responsible for the condition is located on the X chromosome.
Males have only one X chromosome (XY), so if their X chromosome carries the mutated gene, they will have the syndrome.
Females, on the other hand, have two X chromosomes (XX). If one X chromosome is affected, the presence of a normal X chromosome may reduce the severity of the symptoms.
Incorrect
Option (a) is correct
Explanation:
Each year on July 22nd, National Fragile X Awareness Day celebrates those impacted by Fragile X syndrome.
Statement 1 is Correct:Fragile X Syndrome is a genetic disorder that is responsible for intellectual disability and autism.
Statement 2 is not Correct:Fragile X Syndrome follows an X-linked pattern of inheritance. This means that the mutated gene responsible for the condition is located on the X chromosome.
Males have only one X chromosome (XY), so if their X chromosome carries the mutated gene, they will have the syndrome.
Females, on the other hand, have two X chromosomes (XX). If one X chromosome is affected, the presence of a normal X chromosome may reduce the severity of the symptoms.
Question 6 of 6
6. Question
2 points
Consider the following Pairs:
WildLife Sanctuary
State
1. Mhadei Wildlife Sanctuary
Karnataka
2. Bhadra Wildlife Sanctuary
Telangana
3. Senchal Wildlife Sanctuary
Haryana
Which of the above given pairs are correctly matched?
Correct
Option (d) is correct
Explanation:
Mhadei Wildlife Sanctuary:
The Bombay High Court directed the Goa government to notify the Mhadei Wildlife Sanctuary as a tiger reserve under the Wildlife Protection Act.
It is Located in North Goa District, near Valpoi.
Bhadra Wildlife Sanctuary:
It is situated along the Western Ghats in Karnataka’s Chikmagalur and Shimoga districts.
It is surrounded by the great expanse of the Baba Budanagiri range.
Senchal Wildlife Sanctuary:
Senchal Wildlife Sanctuary is located at Outskirt of Darjeeling,West Bengal.
It provides habitat for barking deer, wild boar, Himalayan black bear, Indian leopard, jungle cat, rhesus monkey, Assam macaque, Himalayan flying squirrel.
Incorrect
Option (d) is correct
Explanation:
Mhadei Wildlife Sanctuary:
The Bombay High Court directed the Goa government to notify the Mhadei Wildlife Sanctuary as a tiger reserve under the Wildlife Protection Act.
It is Located in North Goa District, near Valpoi.
Bhadra Wildlife Sanctuary:
It is situated along the Western Ghats in Karnataka’s Chikmagalur and Shimoga districts.
It is surrounded by the great expanse of the Baba Budanagiri range.
Senchal Wildlife Sanctuary:
Senchal Wildlife Sanctuary is located at Outskirt of Darjeeling,West Bengal.
It provides habitat for barking deer, wild boar, Himalayan black bear, Indian leopard, jungle cat, rhesus monkey, Assam macaque, Himalayan flying squirrel.
Comprehensive coverage with a concise format Integration of PYQ within the booklet Designed as per recent trends of Prelims questions हिंदी में भी उपलब्ध
Quick Revise Now ! UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format Integration of PYQ within the booklet Designed as per recent trends of Prelims questions हिंदी में भी उपलब्ध
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