Ans: C

Exp:

During Kumaragupta’s reign, the Gupta Empire faced a significant external threat from the Hunas, a Central Asian nomadic group. The Hunas had crossed the Hindu Kush Mountains and entered India, posing a threat to the empire. Although the first Huna attack during his reign was pushed back by Prince Skandagupta, successive waves of the Huna invasion eventually weakened the Gupta Empire. These invasions were one of the key factors that accelerated the disintegration of the Gupta empire.

Ans: C

Exp:

Statement 1 is incorrect: The great Sanskrit poet and playwright Kalidasa was the most notable navratna in the court of Chandragupta II. His literary works, which include famous compositions like “Abhigyan Shakuntalam” and “Meghaduta,” have had a profound and lasting influence on classical Indian literature.

Statement 2 is correct: Chandragupta II is credited with maintaining nine luminaries (navaratna) in his court. The nine Ratnas in his court were: Amarsimha, Dhanvantri, Harisena, Kalidas, Kahapanaka, Sanku, Varahamihira, Vararuchi, and Vetalbhatta.

Statement 3 is incorrect: Harisena was a Sanskrit poet and a court official in the court of the Gupta emperor, Samudragupta. Samudragupta’s achievements are recorded in a long inscription (prashasti), written in pure Sanskrit by his court poet Harisena. The inscription is engraved on a pillar in Allahabad. It enumerates the people and the regions conquered by Samudragupta

Ans : C

Exp 

Statement 1 is correct:  The General Insurance Corporation (GIC) was incorporated on 22 November 1972 under the Companies Act, 1956, as a statutory body. Through this act, the government nationalised 107 (55 Indian insurance companies and 52 foreign insurance companies) private sector companies.

After the operations of merger and consolidation, GIC was reorganised with four subsidiary companies:

• • National Insurance Company Limited

• New India Assurance Company Limited

• Oriental Insurance Company Limited
• United India Insurance Company

In November 2000, GIC became the reassurance company and is now known as GIC Re.

With effect from March 21, 2003, the four subsidiaries were delinked from GIC by the Ministry of Finance, and the company rebranded itself as ‘GIC Re’ to denote its new identity.

Statement 2 is correct: At present, GIC has withdrawn its holding from the above-mentioned four companies, and they are now fully owned by the Government of India.

Ans : D

Exp 

Agriculture Insurance Company of India Limited

• It is a public sector insurance company dedicated to the agricultural sector to serve the needs of farmers and to insure their crops for a sustainable agriculture regime.
• Agriculture Insurance Company of India Limited (AlCIL) began its business in 2003, and it looks after the National Agriculture Insurance Scheme of 1999.
• Since 2016, AICIL has also begun to supervise the Pradhan Mantri Fasal Bima Yojana (PMFBY).

Option D is incorrect: Major parts of the shares of AICIL are owned by 

• General Insurance Corporation of India – 35 %

• National Bank for Agriculture And Rural Development (NABARD) – 30 %
• National Insurance Company Limited – 8.75 %
• The New India Assurance Company Limited – 8.75 %
• The Oriental Insurance Company Limited – 8.75 %
• United India Insurance Company Limited – 8.75 %

Ans : C

Exp 

The Real Estate (Regulation and Development) Act (RERA) is an act passed by Parliament in 2016 .It seeks to protect home-buyers as well as help boost investments in the real estate sector by bringing efficiency and transparency in the sale/purchase of real estate.

• The act mandates that all real estate projects, both residential and commercial, need to be registered with the respective state’s Real Estate Regulatory Authority (RERA).  Hence, statement 1 is correct.

• The Act provides for state governments to establish regulatory authority with the following mandate. Hence, statement 2 is incorrect.

• • Protection of the interests of promoters, buyers and real estate agents

• Development of sustainable and affordable housing.  Hence, statement 3 is correct.

• Render advice to the government and ensure compliance with its regulations and the Act.
• Establishment of Real Estate Appellate Tribunal – Decisions of RERAs can be appealed in these tribunals.