Which one of the following explains the practice of βVattakirutal’ as mentioned in Sangam poems?Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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With reference to ancient South India, Korkai, Poompuhar and Muchiri were well known asΒ Β Β [2023]
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Puhar, also called Kaveripoompattinam, served as the chief port of the Cholas. Korkai was the principal harbor for the Pandyas, while the Chera kingdom relied on key ports such as Tondi and Muchiri for trade and commerce.
Puhar, also called Kaveripoompattinam, served as the chief port of the Cholas. Korkai was the principal harbor for the Pandyas, while the Chera kingdom relied on key ports such as Tondi and Muchiri for trade and commerce.
See lessWith reference to ancient India, consider the following statements:Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β [2023] 1. The concept of Stupa is Buddhist ...Read more
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Let's review the statements: The concept of Stupa is Buddhist in origin β This statement is incorrect. The tradition of building funerary mounds existed before Buddhism, though stupas became closely associated with Buddhist architecture and practices. Stupa was, generally, a repository of relics β TRead more
Let’s review the statements:
Corrected Answer:
Only two statements are correct.
See lessWhich of the following is a key component of a neural network?
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The key components of a neural network encompass various elements that contribute to its functionality. Hereβs a breakdown of the options provided: Neurons and Synapses: Neurons are indeed the fundamental units of a neural network, analogous to biological neurons, and synapses represent the connectiRead more
The key components of a neural network encompass various elements that contribute to its functionality. Hereβs a breakdown of the options provided:
Neurons and Synapses: Neurons are indeed the fundamental units of a neural network, analogous to biological neurons, and synapses represent the connections between them, usually weighted to signify their importance.
Layers and Nodes: Neural networks are structured in layers, including input, hidden, and output layers. Each layer consists of nodes (or neurons), which process inputs and pass outputs to subsequent layers.
Recurrent Units and Dropout: Recurrent units are specific to recurrent neural networks (RNNs), which are designed for sequential data. Dropout is a regularization technique used to prevent overfitting by randomly dropping units during training.
Given that all these elements play significant roles in different types of neural networks, the correct answer is: All of the above.
See lessHomo sapiens first emerged during which period?
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Homo sapiens first appeared in the late Paleolithic period, around 300,000 years ago, characterized by advanced tool-making and early forms of symbolic communication.
Homo sapiens first appeared in the late Paleolithic period, around 300,000 years ago, characterized by advanced tool-making and early forms of symbolic communication.
See lessThe Neolithic Revolution is characterized by which of the following transitions?
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The correct answer is: From hunting-gathering to settled agriculture. Explanation: The Neolithic Revolution marks a significant transformation in human history when societies shifted from a nomadic, hunting-gathering lifestyle to one of settled agriculture and domestication of animals. This transitiRead more
The correct answer is: From hunting-gathering to settled agriculture.
The Neolithic Revolution marks a significant transformation in human history when societies shifted from a nomadic, hunting-gathering lifestyle to one of settled agriculture and domestication of animals. This transition occurred around 10,000 BCE in different parts of the world.
Thus, the Neolithic Revolution is best characterized by the transition from hunting-gathering to settled agriculture.
See lessThe economy of the Mesolithic period was primarily based on which of the following?
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The correct answer is: Hunting and gathering. Explanation: The Mesolithic period (Middle Stone Age) is characterized by a transitional phase between the Paleolithic (Old Stone Age) and Neolithic (New Stone Age). During this period, human societies primarily relied on hunting, gathering, and fishingRead more
The correct answer is: Hunting and gathering.
The Mesolithic period (Middle Stone Age) is characterized by a transitional phase between the Paleolithic (Old Stone Age) and Neolithic (New Stone Age). During this period, human societies primarily relied on hunting, gathering, and fishing as their main economic activities. However, they also began experimenting with early forms of domestication and primitive agriculture.
Thus, the economy of the Mesolithic period was primarily based on hunting and gathering.
See lessWhich of the following tools were commonly used during the Paleolithic period?
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The correct answer is Stone tools. Explanation: The Paleolithic period (Old Stone Age) is characterized by the use of stone tools, as this was a time before humans discovered how to work with metals. Early humans made tools primarily from stone, and these tools were used for hunting, gathering, andRead more
The correct answer is Stone tools.
The Paleolithic period (Old Stone Age) is characterized by the use of stone tools, as this was a time before humans discovered how to work with metals. Early humans made tools primarily from stone, and these tools were used for hunting, gathering, and basic survival tasks.
The Paleolithic period is defined by the use of stone tools only.
See lessIn which one of the following regions was Dhanyakataka, which flourished as a prominent Buddhist centre under the Mahasanghikas, located?Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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Dhanyakataka was a significant ancient city that emerged as a prominent Buddhist center, particularly under the Mahasanghikas, an early Buddhist sect. This city is primarily associated with the region of Andhra. Historical Context Location and Significance: Dhanyakataka is believed to have been locaRead more
Dhanyakataka was a significant ancient city that emerged as a prominent Buddhist center, particularly under the Mahasanghikas, an early Buddhist sect. This city is primarily associated with the region of Andhra.
Historical Context
The correct answer to the question “In which one of the following regions was Dhanyakataka, which flourished as a prominent Buddhist center under the Mahasanghikas, located?” is Andhra. The cityβs historical and cultural significance, combined with its role as a center of Buddhist learning and practice, highlights its importance in the broader context of Indian history and the spread of Buddhism.
See lessConsider the following statements:Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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Let's analyze the statements: Statement I: The Supreme Court of India has held in some judgments that reservation policies made under Article 16(4) would be limited by Article 335 to maintain the efficiency of administration. This is correct. The Supreme Court, in various rulings (such as the IndraRead more
Let’s analyze the statements:
Statement I:
The Supreme Court of India has held in some judgments that reservation policies made under Article 16(4) would be limited by Article 335 to maintain the efficiency of administration.
This is correct. The Supreme Court, in various rulings (such as the Indra Sawhney case), has emphasized that while Article 16(4) provides for reservations in public employment, it must be balanced with Article 335, which states that the claims of Scheduled Castes and Scheduled Tribes must be consistent with maintaining the efficiency of administration.
Statement II:
Article 335 defines the term “efficiency of administration.”
This is incorrect. Article 335 does not define “efficiency of administration.” It only mentions that the claims of Scheduled Castes and Scheduled Tribes should be taken into consideration, consistent with the maintenance of efficiency of administration. However, it does not provide a definition of “efficiency.”
Correct answer:
Statement-I is correct but Statement-II is incorrect
With reference to ‘Scheduled Areas’ in India, consider the following statements:Β Β Β Β Β Β Β Β Β Β [2023]1. Within a State, the notification of an area as Scheduled Area takes place through an Order of the President.Read more
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Statement 1 is accurate since, under Schedule V (Article 244) of the Indian Constitution, the President is empowered to declare specific regions as Scheduled Areas. Paragraph VI of the Fifth Schedule explicitly states that the term "Scheduled Areas" refers to those areas that the President may declaRead more
Statement 1 is accurate since, under Schedule V (Article 244) of the Indian Constitution, the President is empowered to declare specific regions as Scheduled Areas. Paragraph VI of the Fifth Schedule explicitly states that the term “Scheduled Areas” refers to those areas that the President may declare through an official order.
Statement 2 is also correct. In April 2018, the Union Cabinet approved the declaration of certain areas in Rajasthan as Scheduled Areas under the Fifth Schedule. This included three entire districtsβBanswara, Dungarpur, Pratapgarhβalong with nine complete tehsils, one block, and 46 full gram panchayats across multiple districts like Udaipur, Rajsamand, Chittorgarh, Pali, and Sirohi. It is important to note that while a block can consist of a cluster of villages, individual villages from within a block can be grouped together to form the smallest administrative unit within the Scheduled Areas framework.
Statement 3 is incorrect. According to the Constitution, the Governor of a state with Scheduled Areas is responsible for submitting annual reports to the President regarding the management and governance of those areas. Additionally, the President may require such a report at any time. Furthermore, the Union Government holds the authority to issue directions to state governments regarding the administration of these areas.
Therefore, the correct answer is Only two.
See lessConsider the following statements: OnceΒ the Central Government notifies an area as a ‘Community Reserve’Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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Statement 1: "The Chief Wildlife Warden of the State becomes the governing authority of such forest." This is incorrect. As per Section 36D of the Wildlife (Protection) Amendment Act 2002, a Community Reserve management committee is formed by the State Government, and this committee, not the Chief WRead more
Conclusion:
Thus, the correct answer is Only three.
See lessWith reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements:Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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Here is the analysis of the three statements: Statement 1: "When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill." This statement is incorrect because, as per the text, a Finance Bill is a Money Bill, and the Rajya Sabha cannot amend or reject it. The Rajya SRead more
Here is the analysis of the three statements:
Conclusion:
Thus, the correct answer is Only one.
See lessConsider the following statements:Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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Statement 1 is incorrect because, as per Article 71(2) of the Indian Constitution, the actions performed by a person in the capacity of President or Vice-President remain valid even if their election is declared void by the Supreme Court. Article 71(2) explicitly states that such acts shall not be iRead more
Statement 1 is incorrect because, as per Article 71(2) of the Indian Constitution, the actions performed by a person in the capacity of President or Vice-President remain valid even if their election is declared void by the Supreme Court. Article 71(2) explicitly states that such acts shall not be invalidated due to the court’s declaration. It reads: “If the election of a person as President or Vice-President is declared void by the Supreme Court, acts done by him in the exercise and performance of the powers and duties of the office of President or Vice-President, as the case may be, on or before the date of the decision of the Supreme Court shall not be invalidated by reason of that declaration.”
Statement 2 is also incorrect. The Constitution of India does not have any provision allowing for the postponement of the Presidential election due to the dissolution of some Legislative Assemblies. The election must be held within the prescribed time, regardless of such dissolutions.
Statement 3 is incorrect because Article 111 of the Constitution, which outlines the process of granting or withholding assent to bills, does not impose a specific time limit for the President to act on a bill. Article 111 states: “When a Bill has been passed by the Houses of Parliament, it shall be presented to the President, and the President shall declare either that he assents to the Bill, or that he withholds assent therefrom.” There is no mention of a time frame within which the President is required to make this decision. The President may, however, return a non-Money Bill for reconsideration by Parliament, but even here, the Constitution does not set a specific deadline for the Presidentβs assent.
See lessWhich of the following fields is AlphaFold2 related?
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AlphaFold2, an AI system developed by DeepMind, has significantly impacted the field of protein structure prediction. It can predict the 3D structure of nearly every known protein, a scientific achievement that helps in understanding biological processes. The tool has revolutionized biology, as evidRead more
AlphaFold2, an AI system developed by DeepMind, has significantly impacted the field of protein structure prediction. It can predict the 3D structure of nearly every known protein, a scientific achievement that helps in understanding biological processes. The tool has revolutionized biology, as evidenced by its recognition through awards like the Nobel Prize.
Therefore, answer is Protein Structure Prediction
See lessConsider the following organizations/ bodies in India:Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β [2023]1. TheΒ National Commission ...Read more
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The correct answer is Only one. Explanation: Out of the given organizations/bodies, only the National Commission for Backward Classes is a constitutional body. It was given constitutional status by the 102nd Constitutional Amendment Act, 2018, under Article 338B. The National Human Rights CommissionRead more
The correct answer is Only one.
Explanation: Out of the given organizations/bodies, only the National Commission for Backward Classes is a constitutional body. It was given constitutional status by the 102nd Constitutional Amendment Act, 2018, under Article 338B.
Thus, only one of the listed bodies is a constitutional body.
See lessIn India, which one of the following Constitutional Amendments was widely believed to be enacted to overcome the judicial interpretations of the Fundamental Rights?Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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The Supreme Court has agreed to review a Public Interest Litigation (PIL) challenging the modifications made to the right to freedom of speech and expression through the First Amendment to the Indian Constitution in 1951. The petitioner claims that this amendment undermines the basic structure doctrRead more
The Supreme Court has agreed to review a Public Interest Litigation (PIL) challenging the modifications made to the right to freedom of speech and expression through the First Amendment to the Indian Constitution in 1951. The petitioner claims that this amendment undermines the basic structure doctrine. In the first year of the Constitution’s implementation, certain judicial decisions, such as the Shankari Prasad case, created challenges, particularly regarding the fundamental rights chapter. To address these issues, Parliament enacted the First Constitutional Amendment, introducing Articles 19(2), 31A, and 31B.
Issues in the first year of the Constitution:
β’ Some courts interpreted Article 19(1)(a), which guarantees the right to freedom of speech and expression, as so broad that individuals were not held accountable even if they advocated violent crimes, including murder. In contrast, other countries with written constitutions allow restrictions on free speech to prevent misuse.
β’ Article 19(1)(g), which confers the right to practice any profession or business, is subject to reasonable limitations in the “interests of the general public.” While these terms are broad enough to support state-led nationalization schemes, it was considered necessary to add clarity through a modification to Article 19(6).
β’ Article 31 also presented unforeseen challenges. Despite clauses (4) and (6) of Article 31, agrarian reform laws passed by state legislatures over the previous three years had faced legal delays, prevented their timely execution and affected large populations.
The First Constitutional Amendment sought primarily to modify Article 19 to address the above concerns, as well as to ensure the constitutional validity of land reform laws, particularly zamindari abolition laws, in various states. Additionally, a few minor changes were proposed to other articles to prevent potentialΒ futureΒ issues.
Which one of the following statements best reflects the Chief purpose of the ‘Constitution’ of a country?Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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The correct answer is It defines and limits the powers of government. Explanation: The primary purpose of a constitution is to establish the fundamental framework for governance in a country. It defines the structure of the government, delineates the powers and functions of different institutions, aRead more
The correct answer is It defines and limits the powers of government.
Explanation: The primary purpose of a constitution is to establish the fundamental framework for governance in a country. It defines the structure of the government, delineates the powers and functions of different institutions, and places limits on governmental power to protect individual rights and maintain the rule of law. While it may also outline the objectives for making laws, create political offices, and aim to secure social justice, its chief purpose is to define and limit the powers of government to prevent abuse and ensure the protection of citizens’ rights.
See lessConsider the following statements:Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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The correct answer is Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I. Explanation: Statement-I is correct because prisons in India are managed by State Governments, and each state has its own rules and regulations for the administration of pRead more
The correct answer is Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
Explanation:
In essence, what does ‘Due Process of Law’ mean?Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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The concepts of "due process of law" and "natural justice" are often linked in legal discussions, though they emphasize slightly different aspects of fairness. Both are integral to ensuring justice but focus on distinct legal protections. Due process of law is a fundamental legal principle that guarRead more
The concepts of “due process of law” and “natural justice” are often linked in legal discussions, though they emphasize slightly different aspects of fairness. Both are integral to ensuring justice but focus on distinct legal protections. Due process of law is a fundamental legal principle that guarantees individuals the right to fair treatment by the legal system. It ensures that no one can be deprived of life, liberty, or property without proper legal procedures. This includes the right to be informed of any allegations and the opportunity to defend oneself in a fair and unbiased setting. Due process is a cornerstone of legal systems worldwide, often enshrined in constitutions to safeguard individual rights. Natural justice, on the other hand, specifically governs the fairness of administrative and judicial proceedings. It revolves around two key principles: the rule against bias and the right to a fair hearing.
In essence, due process of law provides a comprehensive legal framework that includes natural justice as a critical component. While due process focuses on broader legal protections, natural justice zeroes in on ensuring fairness and impartiality in specific proceedings. Together, they are vital to upholding justice and protecting individual rights within legal systems worldwide. The correct answer is: The principle of natural justice.
See lessConsider the following infrastructure sectors:Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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The correct answer is Only three. The UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focuses on the following sectors for its investments: Affordable housing: Yes, it is a focus area. Mass rapid transport: No, it is not mentioned as a focus area. Health care: Yes, itRead more
The correct answer is Only three. The UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focuses on the following sectors for its investments:
Therefore, only three of the mentioned sectors are focused on by the S3i initiative.
See lessConsider the following:Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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The correct answer is Only three. For horizontal tax devolution, the Fifteenth Finance Commission used the following criteria in addition to population, area, and income distance: Demographic performance: Yes, this was used as a criterion. Forest and ecology: Yes, this was used as a criterion. GoverRead more
The correct answer is Only three. For horizontal tax devolution, the Fifteenth Finance Commission used the following criteria in addition to population, area, and income distance:
Thus, three of the given criteria (Demographic performance, Forest and ecology, Tax and fiscal efforts) were used.
See lessConsider the investments in the following assets:Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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Let's examine each asset: Brand recognition: This is considered an intangible asset. It represents the value associated with a brand's reputation and customer awareness, but it has no physical presence. Inventory: This is not considered an intangible asset. Inventory refers to the goods a company hoRead more
Let’s examine each asset:
Thus, three of the four are intangible investments. The correct answer is Only three.
See lessConsider the following statements:Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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Let's break down the statements: The Government of India provides Minimum Support Price for niger (Guizotia abyssinica) seeds: This is correct. Niger seeds are one of the crops for which the Government of India declares a Minimum Support Price (MSP) to support farmers. Niger is cultivated as a KhariRead more
Let’s break down the statements:
Thus, all three statements are correct. Therefore, the correct answer is All three.
See lessWhich one of the following best describes the concept of ‘Small Farmer Large Field?Β Β Β Β Β Β Β Β [2023]
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The concept of 'Small Farmer Large Field' involves small and marginal farmers coming together to coordinate their farming practices, often synchronizing key operations like sowing, irrigation, and harvesting to achieve economies of scale. While they retain individual ownership of their land, this coRead more
The concept of ‘Small Farmer Large Field’ involves small and marginal farmers coming together to coordinate their farming practices, often synchronizing key operations like sowing, irrigation, and harvesting to achieve economies of scale. While they retain individual ownership of their land, this collective approach helps them gain the benefits typically associated with larger-scale farming, such as improved efficiency, better access to resources, and reduced costs. The correct answer is Many marginal farmers in an area organize themselves into groups and synchronize and harmonize selected agricultural operations.
See lessThe capital markets typically include financial markets where long-term debt (bonds) or equity-backed securities (stocks) are bought and sold. Let's analyze the given options: Government Bond Market: This is part of the capital market as it deals with long-term securities (bonds). Call Money Market:Read more
The capital markets typically include financial markets where long-term debt (bonds) or equity-backed securities (stocks) are bought and sold. Let’s analyze the given options:
Therefore, only two of the above markets, the Government Bond Market and the Stock Market, are included in capital markets. The correct answer is Only two.
See lessWhich one of the following activities of the Reserve Bank of India is considered to be part of ‘sterilization?Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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Sterilization refers to actions taken by the central bank (in this case, the Reserve Bank of India) to manage the impact of foreign capital flows on the domestic money supply. Open Market Operations (OMOs) are one such tool where the central bank buys or sells government securities in the open markeRead more
Sterilization refers to actions taken by the central bank (in this case, the Reserve Bank of India) to manage the impact of foreign capital flows on the domestic money supply. Open Market Operations (OMOs) are one such tool where the central bank buys or sells government securities in the open market to influence liquidity and control inflation or currency appreciation/depreciation. This process helps in managing the domestic monetary base without affecting other macroeconomic variables. Therefore, the correct answer is Conducting ‘Open Market Operations’.
See lessConsider the following statements:Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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Statement 1 is accurate: Carbon markets, once considered ineffective, have finally emerged as one of the most prominent mechanisms in the battle against climate change. By the end of 2021, over 21% of global emissions were subject to some form of carbon pricing, an increase from 15% in 2020. More anRead more
Statement 1 is accurate: Carbon markets, once considered ineffective, have finally emerged as one of the most prominent mechanisms in the battle against climate change. By the end of 2021, over 21% of global emissions were subject to some form of carbon pricing, an increase from 15% in 2020. More and more businesses are required to compensate regulators for the privilege of emitting a ton of carbon dioxide. Investor interest is also rising, as trading volumes in these markets surged by 164% last year, reaching β¬760 billion ($897 billion).
Statement 2 is also accurate. Carbon markets play a crucial role in mobilizing financial resources and minimizing costs, thereby providing countries and corporations the flexibility to transition to low-carbon economies. It is projected that carbon credit trading could lower the expense of fulfilling Nationally Determined Contributions (NDCs) by over 50%βpotentially saving as much as $250 billion by 2030. In the long run, however, carbon markets may become obsolete as countries achieve net-zero emissions, reducing the necessity for emission trading.
Therefore, the correct answer is Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
See lessConsider the following statements:Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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In the recent post-pandemic period, central banks worldwide have raised interest rates to combat inflation, which surged due to heightened fiscal spending during COVID-19 and supply chain issues stemming from the Russia-Ukraine conflict. Therefore, Statement 1 is accurate. The central banks' decisioRead more
In the recent post-pandemic period, central banks worldwide have raised interest rates to combat inflation, which surged due to heightened fiscal spending during COVID-19 and supply chain issues stemming from the Russia-Ukraine conflict. Therefore, Statement 1 is accurate.
The central banks’ decision to increase interest rates aims to raise borrowing costs, leading to a reduction in money supply and, consequently, a decrease in inflation rates. Thus, Statement 2 is also valid.
The rise in interest rates in advanced economies, particularly in the U.S., has negatively impacted the Indian economy, resulting in increased net Foreign Portfolio Investment (FPI) outflows, significant depreciation of the Rupee, declines in foreign exchange reserves, and rising yield rates. This negative impact on the Indian economy is commonly referred to as “Taper Tantrums.” Consequently, this question was posed within this context.
Therefore, the correct answer is Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
See lessConsider the following statements: Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β ...Read more
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Infrastructure Investment Trusts (InVITs) gather funds from investors, which are subsequently directed into infrastructure projects. As pooled investment vehicles, they function similarly to mutual funds. However, while mutual funds predominantly invest in stocks and bonds, InVITs focus on infrastruRead more
Infrastructure Investment Trusts (InVITs) gather funds from investors, which are subsequently directed into infrastructure projects. As pooled investment vehicles, they function similarly to mutual funds. However, while mutual funds predominantly invest in stocks and bonds, InVITs focus on infrastructure-related ventures. The returns generated by InVITs are distributed to investors through four primary methods: interest on capital, dividends, rental income, and repayment of capital. Previously, interest, dividends, and rental income earned by unit holders were taxable, but repayment of capital was exempt from tax. However, the Finance Act of 2023 introduced a provision to tax certain portions of capital repayment in specific cases, making Statement 1 incorrect. Additionally, the Finance Act of 2021 amended the SARFAESI Act of 2002 to recognize pooled investment vehicles, including REITs and InVITs, as borrowers under the Act, making Statement 2 correct.
Therefore, the correct answer is Statement-I is incorrect but Statement-II is correct.
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Introduction to International Polar Bear Day What is International Polar Bear Day? International Polar Bear Day is an annual event dedicated to celebrating one of the most iconic and majestic creatures of the Arcticβthe polar bear. This day serves as ...
Introduction Amazon has once again revolutionized the smart home experience with its latest lineup of Amazon Echo devices. From sleek smart alarm clocks to immersive entertainment hubs, these new releases offer innovative features, powerful sound, and seamless connectivity. Let’s explore ...
Introduction The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, outlines the government’s vision for economic growth, inclusivity, and global positioning. The budget sets a roadmap for Viksit Bharat, with key focus areas being agriculture, ...
Introduction The Economic Survey 2024-25, published by the Ministry of Finance, presents an intricate dissection of Indiaβs economic trajectory over the past fiscal year, offering a meticulous analysis of macroeconomic trends, sectoral advancements, and strategic policy orientations necessary for fostering ...
Vattakirutal was a ritual in which a defeated king would take his own life through self-imposed starvation, often alongside his close companions. Sangam literature records an instance of a Chera king engaging in this solemn practice.
Vattakirutal was a ritual in which a defeated king would take his own life through self-imposed starvation, often alongside his close companions. Sangam literature records an instance of a Chera king engaging in this solemn practice.
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