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Consider the following statements: ...Read more
Consider the following statements: [2023]
Statement-I : Carbon markets are likely to be one of the most widespread tools in the fight against climate change.
Statement-II : Carbon markets transfer resources from the private sector to the State.
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 organizations/ bodies in India: [2023]1. The National Commission ...Read more
Consider the following organizations/ bodies in India: [2023]
1. The National Commission for Backward Classes
2. The National Human Rights Commission
3. The National Law Commissions
4. The National Consumer Disputes Redressal Commission
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 lessWhich one of the following is a part of the Congo Basin?
Which one of the following is a part of the Congo Basin?
Read lessThe Congo Basin is a large, tropical rainforest region in central Africa that spans across several countries. The main countries that make up the Congo Basin are: Democratic Republic of the Congo (DRC) - It holds the largest portion of the Congo Basin and is home to a significant part of the rainforRead more
The Congo Basin is a large, tropical rainforest region in central Africa that spans across several countries. The main countries that make up the Congo Basin are:
These countries collectively make up the Congo Basin region, which is the second-largest tropical rainforest in the world, after the Amazon. It is known for its rich biodiversity, complex ecosystems, and significant role in regulating the Earth’s climate. So, Cameroon is the correct answer.
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 lessThe Llanos (pronounced YAH-nos) are vast tropical grasslands located in northern South America, primarily in Venezuela and Colombia, between the Andes Mountains to the west and the Guiana Highlands to the east. These plains form part of the Orinoco River basin and are characterized by their flat terRead more
The Llanos (pronounced YAH-nos) are vast tropical grasslands located in northern South America, primarily in Venezuela and Colombia, between the Andes Mountains to the west and the Guiana Highlands to the east. These plains form part of the Orinoco River basin and are characterized by their flat terrain and unique ecological features.
The Llanos play a crucial role in maintaining the ecological balance of the Orinoco River basin. Seasonal flooding supports the life cycle of many aquatic and terrestrial species, making it a key habitat for wildlife.
The Llanos are tropical grasslands rich in biodiversity and cultural history, serving as a vital ecological region and a significant economic area for Venezuela and Colombia.
See lessWith reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements: ...Read more
With reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements: [2023]
1. When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill.
2. When the Lok Sabha transmits Money Bill to the Rajya Sabha, it cannot amend or reject the Bill, it can only make recommendations.
3. In the case of disagreement between the Lok Sabha and the Rajya Sabha, there is no joint sitting for Money Bill, but a joint sitting becomes necessary for Finance Bill.
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 lessLet's evaluate each pair: Kamaraj Port : First major port in India registered as a company This is correct. Kamaraj Port, formerly known as Ennore Port, was the first major port in India to be registered as a company under the Companies Act, 1956. Mundra Port : Largest privately owned port in IndiaRead more
Let’s evaluate each pair:
Based on the evaluation, two of the pairs are correctly matched. The correct answer is: Only two pairs
See lessIn which one of the following regions was Dhanyakataka, which flourished as a prominent Buddhist centre under the Mahasanghikas, located? ...Read more
In which one of the following regions was Dhanyakataka, which flourished as a prominent Buddhist centre under the Mahasanghikas, located? [2023]
Read lessDhanyakataka 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 city’s 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: ...Read more
Consider the following statements: [2023]
1. If the election of the President of India is declared void by the Supreme Court of India, all acts done by him/her in the performance of duties of his/her office of President before the date of decision become invalid.2. Election for the post of the President of India can be postponed on the ground that some Legislative Assemblies have been dissolved and elections are yet to take placed
3. When a Bill is presented to the President of India, the Constitution prescribes time limits within which he/she has to declare his/her assent.
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 President’s assent.
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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 €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%—potentially 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.
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