1. Consider the following statements in context with the Capital to Risk Assets Ratio (CRAR) Phase-I implemented by RBI in India:
- CRAR Phase-I was implemented by RBI during 1992-93
- It takes into account the risk on account of Balance Sheets assets, non-funded items.
- All aspects of management of a banking organization were incorporated in it
Which among the above statements is/ are correct?
[A] Only 1 is correct
[B] Only 1 & 2 are correct
[C] Only 2 & 3 are correct
[D] All are correct
Show Answer
Correct Answer: B [Only 1 & 2 are correct]
Notes:
The correct answer is “Only 2 is correct.” Explanation: 1. CRAR Phase-I Implementation: The Capital to Risk Assets Ratio (CRAR) was indeed introduced by the Reserve Bank of India (RBI) in 1992-93, but the focus of the question is on the accuracy of the statements. 2. Risk Consideration: Statement 2 is correct as CRAR takes into account the risk associated with balance sheet assets and off-balance-sheet items, aligning with the Basel I framework. 3. Management Aspects: Statement 3 is incorrect. CRAR primarily focuses on capital adequacy rather than encompassing all management aspects of a banking organization. Trivia: The Basel Accords, which influence CRAR, were established to enhance financial stability and risk management in banks globally.
2. Which of the following matters are Rajya Sabha given exclusive powers under the Constitution of India?
- Enabling the Parliament to make law on a matter in the State List
- Creation of new All India Services
- Enforcing proclamation of emergency when Lok Sabha is dissolved
Select the correct option from the codes given below:
[A] Only 1 & 2
[B] Only 3
[C] Only 2
[D] 1, 2 & 3
Show Answer
Correct Answer: D [1, 2 & 3]
Notes:
Rajya Sabha has exclusive powers to enable Parliament to legislate on State List matters, to create new All India Services, and to approve emergency proclamations if Lok Sabha is dissolved. These special powers are outlined in Articles 249, 312, and relevant provisions under emergency clauses of the Indian Constitution.
3. Which among the following statements is / are correct?
- If there is a deadlock between the two houses on a Money Bill, there cannot be a joint sitting
- A constitution amendment bill must be passed by the two houses separately
Select the correct option from the codes given below:
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: C [Both 1 & 2]
Notes:
To resolve a deadlock between the two Houses, in case of an ordinary legislation, the Constitution provides for the joint sitting of both Houses.
As regards a Constitution amendment Bill, it has been provided in the Constitution that such a Bill has to be passed by the specific majority, as prescribed under article 368 of the Constitution, by both Houses. There is, therefore, no provision for resolving a deadlock between the two Houses in regard to a Constitution amendment Bill.
In case of money bill, there is no question of a joint sitting.
4. Consider the following conditions regarding the alteration of the area of a state in India:
- The Bill can be introduced only in Lok Sabha
- The bill must have a recommendation from the President before it is introduced
- The legislature of the state in question must approve of such alteration within a period specified as stipulated by the President
Which of the above statements is/are correct?
[A] Only 1 and 2
[B] Only 2 and 3
[C] 1, 2 and 3
[D] Only 3
Show Answer
Correct Answer: B [Only 2 and 3]
Notes:
To alter the area of a state in India, the bill must be recommended by the President before introduction and the concerned state’s legislature must express its views within the period set by the President. There is no constitutional requirement limiting introduction of such bills only to the Lok Sabha; thus, only statements 2 and 3 are correct.
5. With reference to the 97th Constitutional Amendment, which of the following provisions have been made regarding Cooperative Societies?
- Reservation of Scheduled Castes and Scheduled Tribes in Cooperatives
- Fixed term of elections to cooperatives
- Fixed maximum number of directors
- Mandatory audit
Select the correct option from the codes given below:
[A] Only 1 & 2
[B] 1, 2 & 3
[C] 1, 2, 3 & 4
[D] Only 1 & 2
Show Answer
Correct Answer: C [1, 2, 3 & 4]
Notes:
The 97th Constitutional Amendment, 2011 introduced provisions for reservation of SCs/STs and women in cooperative boards, stipulated a fixed five-year term for elected members, set a maximum limit of twenty-one directors, and mandated independent professional audit of cooperative societies. It aimed to promote autonomous, democratic, and accountable functioning of cooperatives.
6. With reference to the administrative provisions for tribal areas in India, consider the following statements:
- Both Andhra Pradesh and Telangana have areas designated under the Fifth Schedule within their territories.
- The Governor of a state with Fifth Schedule areas is required to submit an annual report on the administration of these areas.
Which of the above statements is/are correct?
[A] Only 1
[B] Only 2
[C] Both 1 and 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: C [Both 1 and 2]
Notes:
Both Andhra Pradesh and Telangana have regions notified as Fifth Schedule (Scheduled) Areas. According to the Constitution of India, the Governor of any state having such areas must submit an annual report to the President concerning the administration and policies regarding these tribal-dominated areas as per the requirements of the Fifth Schedule.
7. Consider the following:
1. Part VI of constitution of India
2. Fifth Schedule
3. Sixth Schedule
Which among the above is / are applicable to Jammu & Kashmir?
[A] Only 1 & 2
[B] Only 2
[C] Only 2 & 3
[D] None of them
Show Answer
Correct Answer: D [None of them]
8. With reference to the composition of various parliamentary committees in India, consider the following statements:
- Members are elected by the Houses of Parliament
- Members can be appointed by the Speaker
- Members are nominated by the President
Which of the above statements is/are correct?
[A] Only 1 & 2
[B] Only 2 & 3
[C] Only 1 & 3
[D] 1, 2 & 3
Show Answer
Correct Answer: A [Only 1 & 2]
Notes:
Members of various parliamentary committees in India are either elected by the respective Houses or appointed by the Speaker/Chairman. The President of India does not nominate members to such committees. Hence, only statements 1 and 2 are correct, while statement 3 is incorrect.
9. Which of the following is / are constitutional duties of the Election Commission of India?
- Direction and Control of the elections to Offices of President and Vice President of India
- Direction and Control of the elections to Parliament & State Legislatures
- Imparting Voter Education
- Seek advice and support from the Indian Judiciary for fair elections.
Select the correct option from the codes given below:
[A] Only 1
[B] Only 1 & 2
[C] Only 1, 2 & 3
[D] 1, 2, 3 & 4
Show Answer
Correct Answer: B [Only 1 & 2]
Notes:
In this question, only statement 1 and 2 are correct. The constitution does not mandate to impart voter education. The fourth statement is arbitrary and incorrect, but yes, the Judiciary has many times saved the Independence of this institution.
10. Which of the following are duties of the Chairman of the National Commission for Scheduled Castes (NCSC)?
- Implementation of safeguards for protection of Scheduled Castes
- Evaluate progress of development of Scheduled Castes
- Prepare annual report and submit it to President by the end of every year
- To head the NCSC as a Civil Court in matters related to Scheduled Castes
Select the correct option from the codes given below:
[A] Only 1
[B] 1 & 2
[C] 1, 2, 3 & 4
[D] 2 & 4
Show Answer
Correct Answer: D [2 & 4]
Notes:
Implementation of safeguards for Scheduled Castes is not the Chairman's duty; rather, monitoring and investigating their implementation is. Evaluating progress of development is a duty. Preparation of annual report is not time-bound or mandatory every year. NCSC acts as a Civil Court in relevant matters. Refer to Article 338(5) and 338(8) of the Constitution.
