1️⃣ With reference to banking regulations and deposit insurance, consider the following statements: 🏦🔍
- The Deposit Insurance and Credit Guarantee Corporation (DICGC) was established in 1961.
- The DICGC insures deposits in all types of banks, including regional rural banks.
- The insurance coverage per depositor per bank is ₹1 lakh.
- The DICGC is a subsidiary of the Reserve Bank of India (RBI).
How many of the above statements are correct?
[A] Only one
[B] Only two
[C] Only three
[D] All four
✅ Correct Answer: B [Only two]
📝 Notes:
- The Deposit Insurance and Credit Guarantee Corporation (DICGC) was established in 1961: ✅ Correct. It was set up to provide deposit insurance to depositors in Indian banks.
- The DICGC insures deposits in all types of banks, including regional rural banks: ✅ Correct. It covers commercial banks, cooperative banks, and regional rural banks.
- The insurance coverage per depositor per bank is ₹1 lakh: ❌ Incorrect. The current insurance coverage is ₹5 lakh per depositor per bank.
- The DICGC is a subsidiary of the Reserve Bank of India (RBI): ❌ Incorrect. The DICGC operates under the RBI but is not a direct subsidiary.
2️⃣ With reference to local governance in India, consider the following statements: 🏛️📜
- The 74th Amendment to the Constitution of India was enacted in 1992 to enhance local self-governance.
- Gram Sabha is the smallest unit of local governance and consists of all adult members of a village.
- Panchayati Raj is a three-tier system comprising Gram Panchayat, Block Panchayat, and Zila Panchayat.
How many of the above statements are correct?
[A] Only one
[B] Only two
[C] All three
[D] None
✅ Correct Answer: B [Only two]
📝 Notes:
- The 74th Amendment to the Constitution of India was enacted in 1992 to enhance local self-governance: ❌ Incorrect. The 73rd Amendment (1992) was enacted to provide constitutional status to Panchayati Raj institutions.
- Gram Sabha is the smallest unit of local governance and consists of all adult members of a village: ✅ Correct. It plays a crucial role in decision-making at the village level.
- Panchayati Raj is a three-tier system comprising Gram Panchayat, Block Panchayat, and Zila Panchayat: ✅ Correct. This system strengthens rural self-governance.
3️⃣ With reference to horizontal tax devolution, how many of the following criteria, besides population, area, and income distance, did the Fifteenth Finance Commission consider? 💰📊
- Demographic performance
- Forest and ecology
- Governance reforms
- Stable government
- Tax and fiscal efforts
Select the correct answer:
[A] Only two
[B] Only three
[C] Only four
[D] All five
✅ Correct Answer: B [Only three]
📝 Notes:
- Demographic performance: ✅ Correct. The 15th Finance Commission assigned 12.5% weight to demographic performance based on 2011 data.
- Forest and ecology: ✅ Correct. A 10% weight was given for environmental conservation, based on the proportion of dense forest in each state.
- Governance reforms: ❌ Incorrect. This criterion was not considered.
- Stable government: ❌ Incorrect. Stability was not an explicit criterion.
- Tax and fiscal efforts: ✅ Correct. A 2.5% weight was assigned based on tax revenue relative to state GDP (2016-19).
4️⃣ Consider the following countries: 🌍🗺️
- Burkina Faso
- Guinea
- Chad
- Sudan
Which of the following is the correct order of the above countries from west to east?
[A] 1 2 3 4
[B] 4 3 2 1
[C] 3 1 4 2
[D] 2 1 3 4
✅ Correct Answer: D [2 1 3 4]
📝 Notes:
- The correct order from west to east is Guinea → Burkina Faso → Chad → Sudan.
- Guinea: Located in West Africa.
- Burkina Faso: Slightly east of Guinea in West Africa.
- Chad: Considered a Central African country, located further east.
- Sudan: Further east than Chad, in Northeast Africa.
5️⃣ With reference to pollution issues concerning the Ganges during the Maha Kumbh, consider the following statements: 🌊🚰
- Biochemical Oxygen Demand (BOD) is a measure of the amount of oxygen that microorganisms will consume while decomposing organic matter in water.
- Faecal coliform bacteria are primarily used as an indicator of water quality and safety for human contact.
How many of the above statements are correct?
[A] Only one
[B] Only two
[C] Both 1 and 2
[D] Neither 1 nor 2
✅ Correct Answer: C [Both 1 and 2]
📝 Notes:
- Biochemical Oxygen Demand (BOD) is a measure of the amount of oxygen that microorganisms will consume while decomposing organic matter in water: ✅ Correct. High BOD levels indicate severe pollution and reduced oxygen availability for aquatic life.
- Faecal coliform bacteria are primarily used as an indicator of water quality and safety for human contact: ✅ Correct. Their presence indicates potential health risks, including waterborne diseases like cholera.
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