1. Consider the following statements regarding a facility available to scheduled commercial banks in India:
- It is sanctioned against government securities.
- Its rate is generally around 100 basis points higher than the repo rate.
- RBI revises it to strengthen the value of rupee, when necessary.
Which of the following best describes the above facility?
[A] Reverse Repo Rate
[B] Marginal Standing Facility
[C] Statutory Liquidity Ratio
[D] Cash Reserve Ratio
Show Answer
Correct Answer: B [Marginal Standing Facility]
Notes:
Marginal Standing Facility (MSF) permits scheduled commercial banks to borrow overnight funds from RBI against government securities, typically at a rate 100 basis points above the repo rate. It is employed by RBI as a monetary tool, including measures to strengthen the rupee. The other options do not fulfill all listed criteria.
2. Consider the following wetlands:
- Ansupa Lake
- Hygam Wetland Conservation Reserve
- Tampara Lake
- Kanjirankulam Bird Sanctuary
Which of the above are Ramsar sites located in Odisha as of 2025?
[A] Only 1 and 3
[B] Only 1 and 2
[C] Only 2 and 4
[D] Only 2 and 3
Show Answer
Correct Answer: A [Only 1 and 3]
Notes:
Ansupa Lake and Tampara Lake are Ramsar sites situated in Odisha. Hygam Wetland Conservation Reserve is in Jammu & Kashmir, while Kanjirankulam Bird Sanctuary is in Tamil Nadu. As of 2025, Odisha has Ramsar sites at Ansupa and Tampara lakes, adding to the nationwide total of 91 designated Ramsar sites.
3. Consider the following statements:
- Drugs under schedule K are exempted from requiring a doctor’s prescription.
- Paracetamol, benzoyl peroxide, clotrimazole are schedule K drugs.
Which of the statements given above is/are correct?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: A [Only 1]
Notes:- The Union Health Ministry has suggested amendments to the Drugs Rules, 1945, to bring 16 medicines under Schedule K for providing exemptions from requiring a doctor’s prescription so that they can be sold over-the-counter by retail sellers under a valid license.
- Those 16 medicines include Povidone Iodine, an antiseptic and disinfectant agent; Chlorohexidine mouthwash for gingivitis, Clotrimazole an antifungal cream; Dextromethorphan Hydrobromide lozenges for cough; analgesic ointment Diclofenac; Benzoyl peroxide which is an antibacterial for acne; Diphenhydramine capsules, an antihistaminic and antiallergic drug; Paracetamol; some nasal decongestants and laxatives.
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