Ans: D

Exp:

Recently, Sri Lanka and India signed the contract for building Hybrid Renewable Energy Systems in Delft(Neduntheevu), Nainativu and Analaitivu islands off Jaffna peninsula in the island’s north.

Statement 1 is correct: The island of Nainativu, also known as Nagadeepa island is located in the Palk Strait, the stretch of sea that separates Sri Lanka from southern India. 

• It’s close to the famous island of Delft (also known as Neduntheevu). 
• It is nestled off the coast of Jaffna Peninsula in Sri Lanka’s Northern Province

Statement 2 is correct: The island holds religious significance for Hindus and Buddhists. 

• • It has the famous Hindu shrine i.e the Nagapooshani Amman Temple and 
  • ‘Nagadeeda Vihare’ which is believed to have been visited by Buddha after enlightenment to settle a dispute between two “Naga’ ‘ kings. 
• The stupa is said to contain the throne which began the stand-off, a Buddha statue, museum and sacred Bo tree.

Ans: B

Exp:

Statement 1 is incorrect:  It can impose penalties on organisations for the violations of the Prevention of Money Laundering Act (PMLA).

• Recently,FIU-IND has imposed a monetary penalty of Rs 5.49 crore on Paytm Payments Bank Ltd with reference to the violations of its obligations under the PMLA (Prevention of Money Laundering Act.
• The FIU action follows RBI’s January 31 directive barring Paytm Payments Bank from accepting fresh deposits or credits in the accounts of its customers from February 29. The date was later extended to March 15.

Statement 2 is correct: It  was set up in 2004 as the nodal agency for receiving, analysing and disseminating information relating to suspect financial transactions.

Ans: c

Exp: 

The Bilateral Maritime Exercise named ‘Samudra Laksamana’ is conducted between the navies of India and Malaysia.

• Exercise Samudra Laksamana is being conducted  off the Visakhapatnam coast.
•  Indian Naval Ship Kiltan and Royal Malaysian Ship KD Lekir are participating in the 3rd edition of this exercise .
• The exercise aims to strengthen bonds and enhance interoperability between the Indian and Royal Malaysian Navy.
• Other Maritime Exercises of India: 
• IBSAMAR: It is a maritime exercise held by India, South Africa, and Brazil.
• SIMBEX: India and Singapore.

SLINEX: India and Sri Lanka.

Ans: D

Exp:

Statement 1 is incorrect: Gross Domestic Product (GDP) consists of demand-side components like private final consumption expenditure (proxy for household consumption), government final consumption expenditure, gross fixed capital formation (proxy for infrastructure creation), imports, exports etc. 

• Gross Value Added (GVA) consists of supply-side sectoral economic activity like agriculture, mining, manufacturing, construction, financial, real estate and professional services and other such activities.

Statement 2 is incorrect: Gross Domestic Product (GDP) measures the monetary measure of all the final goods and services bought by the final user and  produced in a country in a given period.

• Calculation of GDP: GDP = private consumption + gross investment + government investment + government spending + (exports-imports)
• The GVA also calculates the same national income from the supply side by adding up all the value added across different sectors.

Ans: C

Exp:

 The United Nations Environment Assembly (UNEA) at its Sixth Session held in Nairobi, Kenya from 26 February – 1 March 2024, adopted on 1st March the resolution on sustainable lifestyles submitted by India. The resolution on promoting sustainable lifestyles was adopted by all participating Member States.

Statement 1 is correct: Mission LiFE (Lifestyle for Environment) is a global initiative by India. It was envisioned at the World Leaders’ Summit in Glasgow at COP26 and launched on 20 October 2022.

Statement 2 is incorrect: NITI Aayog curated and incubated Mission LiFE in the first year, and it will subsequently be implemented by the Ministry of Environment, Forest and Climate Change (MoEFCC). 

• The mission is a 5-year programme.

Statement 2 is correct: Mission LiFE includes  the spirit of the P3 model, i.e., Pro Planet People, as it is premised on the basic principles of ‘Lifestyle of the planet, for the planet and by the planet’.

•  First is by nudging individuals to practise simple yet effective environment-friendly actions in their daily lives (demand); 
• second is by enabling industries and markets to respond swiftly to the changing demand (supply) and; 
• Third is to influence government and industrial policy to support both sustainable consumption and production (policy).