Q1. Consider the following statements with respect to Kaleshwaram Lift Irrigation Project and choose the incorrect option:
- It is in Andhra Pradesh.
- It is being built at the confluence of the Pranhita and Godavari rivers.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q2: Consider the following statements about Foreign Direct Investment (FDI) and choose the correct options:
- India was the largest recipient of Foreign Direct Investment (FDI) in 2019.
- Equity capital, Reinvested earnings and Intra-company loans are the components of FDI.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 and 2
Q3:
Consider the following statements about Taiwan and choose the incorrect options:
- Taiwan became the newest state to join the United Nations General Assembly.
- Luzon strait separates Taiwan from mainland China.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q4: Consider the following statements and choose the correct options:
- The central government has the mandate to control production, supply and
distribution of agricultural products.
- The state government has no authority to overrule the legislation passed by the
Centre.
- Agriculture forms the part of the concurrent list of the Indian Constitution.
- 1 only
- 2 only
- 1 and 2 only
- 1, 2 and 3
Answers
Q1. Consider the following statements with respect to Kaleshwaram Lift Irrigation Project and choose the incorrect option:
- It is in Andhra Pradesh.
- It is being built at the confluence of the Pranhita and Godavari rivers.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Answer: a
Explanation:
Kaleshwaram Lift Irrigation Project is being constructed in Telangana.
It is being built at the confluence of Pranhita and Godavari Rivers.
Q2: Consider the following statements about Foreign Direct Investment (FDI) and choose the correct options:
- India was the largest recipient of Foreign Direct Investment (FDI) in 2019.
- Equity capital, Reinvested earnings and Intra-company loans are the components of FDI.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 and 2
Answer : b
Explanation
According to the World Investment Report 2020 by the UNCTAD, India was the 9th largest recipient of FDI in 2019.
FDI has three components, viz., equity capital, reinvested earnings and intracompany loans.
Equity capital is the foreign direct investor’s purchase of shares of an enterprise in a country other than its own.
Reinvested earnings comprise the direct investors’ share (in proportion to direct equity participation) of earnings not distributed as dividends by affiliates, or earnings not remitted to the direct investor. Such retained profits by affiliates are reinvested.
Intra-company loans or intra-company debt transactions refer to short- or long-term borrowing and lending of funds between direct investors (or enterprises) and affiliate enterprises.
Q3:
Consider the following statements about Taiwan and choose the incorrect options:
- Taiwan became the newest state to join the United Nations General Assembly.
- Luzon strait separates Taiwan from mainland China.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Answer : c
Explanation
Taiwan – the Republic of China (ROC), home to twenty-three million people, is an island off the southern coast of China that has been governed independently from mainland China since 1949.
Taiwan is the most populous state that is not a member of the United Nations and the largest economy outside the UN.
The Taiwan Strait, also known as the Formosa Strait, is a 180-kilometer wide strait separating Taiwan and mainland China. The strait is currently part of the South China Sea and connects to the East China Sea to the north.
The Luzon Strait is the strait between Taiwan and Luzon island of the Philippines. The strait thereby connects the Philippine Sea to the South China Sea.
Q4: Consider the following statements and choose the correct options:
- The central government has the mandate to control production, supply and
distribution of agricultural products.
- The state government has no authority to overrule the legislation passed by the
Centre.
- Agriculture forms the part of the concurrent list of the Indian Constitution.
- 1 only
- 2 only
- 1 and 2 only
- 1, 2 and 3
Answer : a
Explanation
Recently, the three Farm Acts were passed by the Central government under Entry 33 of the concurrent list. Entry 33 of the Concurrent List mentions trade and commerce, production, supply and distribution of domestic and imported products of an industry; foodstuffs, including oilseeds and oils; cattle fodder; raw cotton and jute.
States have no authority to overrule the legislations passed by the Centre except under Article 254(2).
Article 254(2) enables a State government to pass a law, on any subject in the Concurrent List, that may contradict a Central law, provided it gets the President’s assent. However, the Parliament is not barred from enacting at any time any law with respect to the same matter including a law adding to, amending, varying or repealing the law so made by the Legislature of the State.
Article 257(1) also states that the executive power of every State shall be so exercised as not to impede or prejudice the exercise of the executive power of the Centre. Agriculture is a state subject, i.e. it forms a part of the state list of Indian Constitution, which essentially means that states are supposed to address all the issues related to agriculture.
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