Novemebr 14th
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Question 1 of 5
1. Question
With reference to Domestic Systemically Important Banks (D-SIBs) in India, consider the following statements:
1.The Reserve Bank of India (RBI) and Ministry of Finance identify D-SIBs based solely on their asset size.
2.State Bank of India (SBI), HDFC Bank, ICICI Bank and Punjab National Bank are designated as D-SIBs.
3.D-SIBs are required to maintain additional Common Equity Tier 1 (CET1) capital, which is over and above the capital conservation buffer.
How many of the statements given above are correct?Correct
Solution
Statement 1 is incorrect—> The RBI, not the Ministry of Finance, identifies D-SIBs based on a combination of criteria such as asset size, interconnectedness, and substitutability, not solely on asset size. Statement 2 is incorrect—> As of now, only SBI, HDFC Bank, and ICICI Bank are designated as D-SIBs by the RBI. Punjab National Bank (PNB) is not on the list. Statement 3 is correct—>D-SIBs are required to maintain additional Common Equity Tier 1 (CET1) capital, which is over and above the capital conservation buffer (CCB) to enhance their resilience against financial stress. Incorrect
Solution
Statement 1 is incorrect—> The RBI, not the Ministry of Finance, identifies D-SIBs based on a combination of criteria such as asset size, interconnectedness, and substitutability, not solely on asset size. Statement 2 is incorrect—> As of now, only SBI, HDFC Bank, and ICICI Bank are designated as D-SIBs by the RBI. Punjab National Bank (PNB) is not on the list. Statement 3 is correct—>D-SIBs are required to maintain additional Common Equity Tier 1 (CET1) capital, which is over and above the capital conservation buffer (CCB) to enhance their resilience against financial stress. -
Question 2 of 5
2. Question
With reference to generic medicines in India, consider the following statements:
1.Generic drugs are required to have the same active ingredients, strength, dosage form, and route of administration as their brand-name counterparts.
2.The Patents Act, 1970, allows for the issuance of compulsory licenses, enabling the production of generic versions of patented drugs under specific conditions.
3.The Central Drugs Standard Control Organisation (CDSCO) is responsible for regulating the prices of generic medicines in India.
How many of the statements given above are correct?Correct
Solution
Statement 1 is correct—>Generic drugs must have the same active ingredients, strength, dosage form, and route of administration as their brand-name counterparts to ensure therapeutic equivalence. Statement 2 is correct—>The Patents Act, 1970, includes provisions for compulsory licensing, allowing the production of generic versions of patented drugs under specific conditions to improve access to essential medicines. Statement 3 is incorrect—>The National Pharmaceutical Pricing Authority (NPPA), not the CDSCO, is responsible for regulating the prices of medicines in India, including generics. Incorrect
Solution
Statement 1 is correct—>Generic drugs must have the same active ingredients, strength, dosage form, and route of administration as their brand-name counterparts to ensure therapeutic equivalence. Statement 2 is correct—>The Patents Act, 1970, includes provisions for compulsory licensing, allowing the production of generic versions of patented drugs under specific conditions to improve access to essential medicines. Statement 3 is incorrect—>The National Pharmaceutical Pricing Authority (NPPA), not the CDSCO, is responsible for regulating the prices of medicines in India, including generics. -
Question 3 of 5
3. Question
With reference to the International Energy Agency (IEA), consider the following statements:
1.The IEA was established in response to the 1973 oil crisis to ensure energy security among its member countries.
2.Recently, India became a member of the IEA.
3.The IEA monitors global energy markets and provides policy recommendations to ensure a stable and secure energy supply.
4.To become a full member of the IEA, a country must be a member of the Organisation for Economic Co-operation and Development (OECD).
How many of the statements given above are correct?Correct
Solution
Statement 1 is correct—>The IEA was established in response to the 1973 oil crisis to ensure energy security among its member countries. Statement 2 is incorrect—> India became an association country in 2017. Statement 3 is correct—>The IEA monitors global energy markets and provides policy recommendations to ensure a stable and secure energy supply. Statement 4 is correct—>To become a full member of the IEA, a country must be a member of the Organisation for Economic Co-operation and Development (OECD). Incorrect
Solution
Statement 1 is correct—>The IEA was established in response to the 1973 oil crisis to ensure energy security among its member countries. Statement 2 is incorrect—> India became an association country in 2017. Statement 3 is correct—>The IEA monitors global energy markets and provides policy recommendations to ensure a stable and secure energy supply. Statement 4 is correct—>To become a full member of the IEA, a country must be a member of the Organisation for Economic Co-operation and Development (OECD). -
Question 4 of 5
4. Question
With reference to the Ahom Kingdom, consider the following statements:
1. It was an ethnic group that first settled in Assam’s Brahmaputra valley.
2. In 1838, the kingdom was formally annexed by the British Empire.
3. Lachit Borphukan defeated the Mughal forces, led by Raja Ramsingh-I, in the ‘Battle of Saraighat.
How many of the statements given above are correct?Correct
Solution
Statement 1 is correct—>The Ahoms are an ethnic group that originally resided in Assam’s Brahmaputra valley. Statement 3 is correct—>The Treaty of Yandabo, signed in 1826, marked the commencement of British control in Assam, opening the province up to adjacent districts and the rest of the subcontinent. In 1838, the British Empire formally annexed the territory. Statement 3 is correct—>Lachit Borphukan defeated the Mughal forces, led by Raja Ramsingh-I, in the ‘Battle of Saraighat. Incorrect
Solution
Statement 1 is correct—>The Ahoms are an ethnic group that originally resided in Assam’s Brahmaputra valley. Statement 3 is correct—>The Treaty of Yandabo, signed in 1826, marked the commencement of British control in Assam, opening the province up to adjacent districts and the rest of the subcontinent. In 1838, the British Empire formally annexed the territory. Statement 3 is correct—>Lachit Borphukan defeated the Mughal forces, led by Raja Ramsingh-I, in the ‘Battle of Saraighat. -
Question 5 of 5
5. Question
Which organization publishes the “State of the Global Climate” report?
Correct
Solution
The World Meteorological Organization (WMO) publishes the “State of the Global Climate” report. Incorrect
Solution
The World Meteorological Organization (WMO) publishes the “State of the Global Climate” report.