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1. Consider the following statements about Hatti
community:
1. The
Hatti community were lived in the basin of the Giri and Tons rivers.
2. Both
Giri and Tons rivers were the tributaries of the Sutlej.
3. The
Hattis are governed by a traditional council called ‘khumbli’.
Which of the above statements is/are correct?
a) 1 and 2
only
b) 2 and 3
only
c) 1 and 3
only
d) 1, 2 and
3
Answer: C
Explanation:
Hatti community:
·
The
Hattis are a close-knit community who take their name
from their traditional occupation of selling home-grown crops, vegetables,
meat, and wool at small-town markets known as ‘haats’.
·
Hatti
men traditionally don a distinctive white headgear on ceremonial
occasions.
·
The
Hatti homeland straddles the Himachal-Uttarakhand border in
the basin of the Giri and Tons rivers, both tributaries of
the Yamuna.
·
The
Tons marks the border between the two states.
·
The Hattis
are governed by a traditional council called ‘khumbli’ which, like the ‘khaps’
of Haryana, decide community matters.
2. Consider
the following statements about Himalayan Gray Langur:
1. It is endemic to the Jammu and Kashmir and
Himachal regions of western Himalayas
2. It is considered an endangered species
globally
Which of the above statements is/are correct?
a) 1 only
b) 2 only
c)
Both 1
and 2
d) Neither
1 nor 2
Answer: C
Explanation:
Himalayan
Gray Langur:
·
The
Himalayan Gray Langur or the Chamba Sacred Langur (Semnopithecus ajax) is a
colobine, meaning leaf-eating monkey.
·
It is
considered an endangered species globally as its population is estimated to be
less than 1,500 mature individuals in 15-20 groups.
·
They
inhabit areas between 2,200-4,000 metres above mean sea level in the
subtropical, tropical moist temperate, alpine, coniferous and broadleaved
forests and scrublands.
·
It is
endemic to the Jammu and Kashmir and Himachal regions of western Himalayas,
where the ecosystem is vulnerable and susceptible to the impact of
anthropogenic pressures.
·
It is
also reported from Pakistan and Nepal.
3. Consider the following statements about National
Financial Reporting Authority:
1)
NFRA
was constituted by the
Government of India under the
Companies Act, 2013.
2) It can
undertake investigation related to the Public Interest Entities.
3) Its
account is monitored by Ministry of Corporate Affair.
Which of the above statements is/are correct?
a)
1 and 2
only
b) 2 and 3
only
c) 1 and 3
only
d) 1, 2 and
3
Answer: A
Explanation:
·
Constitution: NFRA was constituted in 2018 by
the Government of India under section 132 (1) of the Companies Act,
2013. It is an audit regulator.
·
Background: The decision to constitute the NFRA
was taken after the role of auditors and the Institute of Chartered Accountants of India came
under the scanner for alleged lapses in various corporate scams including that
at the Punjab National Bank.
·
Functions
and Duties:
Recommends accounting and auditing policies and
standards
Monitor and enforce compliance
Oversee the quality of service of the professions
Protect
the public interest.
·
Powers:
It can undertake
investigation related to the class of companies and bodies corporate
called Public Interest Entities:
·
Its account is monitored
by the Comptroller and Auditor-General of India.
4. Consider the following statements about Methane:
1)
It
is inflammable, and is used as a
fuel.
2)
The
Global Methane Pledge was launched under United Nation Sustainable Development.
Which of the above
statements is/are correct?
a)
1 only
b)
2 only
c)
Both 1
and 2
d) Neither 1
nor 2
Answer: D
Explanation:
Methane:
·
The
Global Methane Pledge was launched under UNEP.
·
Methane
is the simplest hydrocarbon, consisting of one carbon atom and four hydrogen
atoms (CH4). It is flammable, and is used as a fuel
·
According
to the UN, 25 per cent of the warming that the world is
experiencing today is because of methane, a greenhouse gas, which
is also a component of natural gas. Because it is a greenhouse gas, its
presence in the atmosphere increases Earth’s temperature.
·
The Global
Methane Pledge agreement between the US and the EU sets a goal of
reducing worldwide methane emissions by at least 30% by 2030,
based on 2020 levels.
·
If
implemented globally, this would minimise global warming by 0.2 degrees Celsius
by the 2040s, compared to projected temperature rises.
·
The
planet is presently around 1.2 degrees Celsius hotter than it was before the
Industrial Revolution.
5. Consider the following statements about Interest-Free
Banking:
1)
Musharaka
Systems refers to a joint investment by the bank and the client.
2)
In Ijarah
system, the ownership of the
asset is transferred to the client.
Which of the above
statements is/are incorrect?
a) 1 only
b)
2 only
c) Both 1
and 2
d) Neither
1 nor 2
Answer: B
Explanation:
Interest-free
banking:
·
Interest
free banking, a narrow concept within Islamic banking system, denotes a number
of banking operations which avoid interest.
How can
an interest-free banking system work?
·
Ijarah - In this system, a bank purchases
the asset on behalf of the client and allows its usage for a fixed rental rate.
·
After
a mutually agreed time, the ownership of the asset is transferred to the
client.
·
Murabaha - It means a sale on mutually agreed
profits.
·
In
this financing technique, an asset is purchased by the bank at a market price
and sold to the customer at a mutually-decided marked-up cost.
·
The
client is allowed to repay in instalments.
·
Musharaka - It refers to a joint investment by
the bank and the client.
·
The
bank and the client both contribute to the funding of an investment of purchase
and agree to share the profit or loss in agreed-upon proportions.