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Question 1 of 5
1. Question
1 pointsThe SC must tender its opinion to the President under the advisory jurisdiction of Supreme Court (Article 143) on which of the following given below
1. On any question of law or fact of public importance which has arisen or which is likely to arise.
2. On any dispute arising out of any pre-constitutional treaty, agreement, covenant,
engagement, Sanad or other similar instruments.
Select the correct answer using the codes given belowCorrect
1 is incorrect while 2 is correct. Under the advisory jurisdiction of SC, the SC may tender or may refuse to tender its opinion to the President in matters belonging to any question of law or fact of public importance which has arisen or which is likely to arise. So, the first option is not correct.
But it must tender its opinion to the President in matters belonging to any dispute arising out of any pre-constitutional treaty, agreement, covenant, engagement, sanad or other similar instruments. So, second option is correct.Incorrect
1 is incorrect while 2 is correct. Under the advisory jurisdiction of SC, the SC may tender or may refuse to tender its opinion to the President in matters belonging to any question of law or fact of public importance which has arisen or which is likely to arise. So, the first option is not correct.
But it must tender its opinion to the President in matters belonging to any dispute arising out of any pre-constitutional treaty, agreement, covenant, engagement, sanad or other similar instruments. So, second option is correct. -
Question 2 of 5
2. Question
1 pointsThe bilateral exercise ‘VARUNA-2021’ is scheduled between India and which of the countries given below?
Correct
The 19th edition of the Indian and French Navy bilateral exercise ‘VARUNA-2021’ is scheduled to be conducted in the Arabian Sea from 25th to 27th April 2021.
The exercise will see high tempo-naval operations at sea, including advanced air defence and anti-submarine exercises, intense fixed and rotary wing flying operations, tactical manoeuvres, surface and anti-air weapon firings, underway replenishment and other maritime security operations.Incorrect
The 19th edition of the Indian and French Navy bilateral exercise ‘VARUNA-2021’ is scheduled to be conducted in the Arabian Sea from 25th to 27th April 2021.
The exercise will see high tempo-naval operations at sea, including advanced air defence and anti-submarine exercises, intense fixed and rotary wing flying operations, tactical manoeuvres, surface and anti-air weapon firings, underway replenishment and other maritime security operations. -
Question 3 of 5
3. Question
1 pointsConsider the following statements given below
1. The writ of Habeas Corpus can be issued against both public authorities as well as private individuals.
2. The writ of Prohibition can be issued against Judicial bodies, Legislative bodies and Administrative Authorities.
3. The writ of Certiorari cannot be issued against Administrative Authorities and Legislative bodies.
Which of the statements given above is/are not correct?Correct
Statement 1 is correct while statement 2 and 3 are incorrect.
Habeas Corpus– It is an order issued by the court to a person who has detained
another person, to produce the body of the latter before it. It can be issued against both public authorities as well as private individuals.
Prohibition – It means ‘to forbid’. It is issued by a higher court to a lower court or tribunal to prevent the latter from exceeding its jurisdiction or usurping a jurisdiction that it does not possess. It can be issued only against judicial and quasi-judicial authorities. It cannot be issued against legislative bodies and administrative authorities.
Certiorari – It means ‘to be certified’ or ‘to be informed’. It is issued by a higher court to a lower court or tribunal either to transfer a case pending with the latter to itself or to quash the order of the latter in a case. It can be issued only against judicial and quasi-judicial authorities and administrative authorities. It cannot be issued against legislative bodies and private individuals or bodies.Incorrect
Statement 1 is correct while statement 2 and 3 are incorrect.
Habeas Corpus– It is an order issued by the court to a person who has detained
another person, to produce the body of the latter before it. It can be issued against both public authorities as well as private individuals.
Prohibition – It means ‘to forbid’. It is issued by a higher court to a lower court or tribunal to prevent the latter from exceeding its jurisdiction or usurping a jurisdiction that it does not possess. It can be issued only against judicial and quasi-judicial authorities. It cannot be issued against legislative bodies and administrative authorities.
Certiorari – It means ‘to be certified’ or ‘to be informed’. It is issued by a higher court to a lower court or tribunal either to transfer a case pending with the latter to itself or to quash the order of the latter in a case. It can be issued only against judicial and quasi-judicial authorities and administrative authorities. It cannot be issued against legislative bodies and private individuals or bodies. -
Question 4 of 5
4. Question
1 pointsConsider the following statements
1. Statutory Liquidity Ratio (SLR) is the amount which Commercial banks are required to keep with RBI.
2. Cash Reserve Ratio (CRR) is the deposit which the Commercial banks are required to invest in specified liquid assets.
Which of the statements given above is/are correct?Correct
Both the statements are incorrect.
Cash Reserve Ratio (CRR): The fraction of their deposits which the commercial banks are required to keep with RBI.
Statutory Liquidity Ratio (SLR): The fraction of their total demand and time deposits which the commercial banks are required by RBI to invest in specified liquid assets.Incorrect
Both the statements are incorrect.
Cash Reserve Ratio (CRR): The fraction of their deposits which the commercial banks are required to keep with RBI.
Statutory Liquidity Ratio (SLR): The fraction of their total demand and time deposits which the commercial banks are required by RBI to invest in specified liquid assets. -
Question 5 of 5
5. Question
1 pointsM3, which is also known as “Broad Money”, consists of which of the following?
1. Currency notes and coins held by public.
2. Net demand deposit held by public.
3. Savings deposits with Post Office Savings Banks.
4. Net time deposits of Commercial Banks.
Select the correct answer using the codes given belowCorrect
The RBI publishes figures for four alternative measures of money supply, viz. M1, M2, M3 and M4. They are defined as follows:
M1 = CU + DD;
M2 = M1 + Savings deposit with Post Office savings banks;
M3 = M1 + Net time deposits of commercial banks;
M4 = M3 + Total deposits with Post Office savings organisations (excluding National Savings Certificates).
where, CU is currency (notes plus coins) held by the public and DD is net demand deposits held by commercial banks. M1 and M2 are known as narrow money. M3 and M4 are known as broad money. These gradations are in decreasing order of liquidity. M1 is most liquid and easiest for transactions whereas M4 is least liquid of all. M3 is the most commonly used measure of money supply. It is also known as aggregate monetary resources.Incorrect
The RBI publishes figures for four alternative measures of money supply, viz. M1, M2, M3 and M4. They are defined as follows:
M1 = CU + DD;
M2 = M1 + Savings deposit with Post Office savings banks;
M3 = M1 + Net time deposits of commercial banks;
M4 = M3 + Total deposits with Post Office savings organisations (excluding National Savings Certificates).
where, CU is currency (notes plus coins) held by the public and DD is net demand deposits held by commercial banks. M1 and M2 are known as narrow money. M3 and M4 are known as broad money. These gradations are in decreasing order of liquidity. M1 is most liquid and easiest for transactions whereas M4 is least liquid of all. M3 is the most commonly used measure of money supply. It is also known as aggregate monetary resources.
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