Under which Article of the Indian Constitution, the ‘Summoning of the Parliament’ has been specified?

Article 84

Article 85

Article 86

Article 87

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In the context of the Income Tax Appellate Tribunal (ITAT), consider the following statements: 1. ITAT is a quasi-judicial institution which specializes in dealing with appeals under the Direct Taxes Acts. 2. The orders passed by the ITAT are final and cannot be appealed in High Courts under any circumstances. Which of the above statements is/are correct?
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Which of the following statement(s) is/are correct about the National Anti- Profiteering Authority (NAA)? 1. NAA is a permanent statutory body established under section 171 of the Central Goods and Services Tax Act, 2017. 2. It is an institutional mechanism under which aims to check the unfair profit-making activities by the trading community. Select the correct answer using the codes given below:
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With reference to the Drugs Prices Control Order (DPCO), consider the following statements: 1. It is an order issued under the Essential Commodities Act (ECA), 1955 that seeks to regulate the prices of pharmaceutical drugs. 2. The DPCO specifies the list of drugs that come under the price ceiling and the formula for calculating the ceiling price. Which of the above statements is/are correct?
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With reference to the Drugs Prices Control Order (DPCO), consider the following statements: 1. It is an order issued under the Essential Commodities Act (ECA), 1955 that seeks to regulate the prices of pharmaceutical drugs. 2. The DPCO specifies the list of drugs that come under the price ceiling and the formula for calculating the ceiling price. Which of the above statements is/are correct?
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With reference to the Operation Twist conducted by the Reserve Bank of India(RBI) recently, consider the following statements: 1. Under Operation Twist the RBI conducted simultaneous purchase and sale of government securities under Open Market Operations (OMO). 2. The tool essentially aims at changing the shape of the yield curve through simultaneous buying and selling of long- and short-term government bonds Which of the above statements is/are correct?
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Which of the following statement(s) is/are correct about the GSP (Generalized System of Preference) which was in news recently? 1. It is a trade preference framework of the European Union(EU) under which EU provides preferential duty-free entry to a large variety -of products. 2. Recently, India was granted designation as a beneficiary developing nation under the GSP (Generalized System of Preference). Select the correct answer using the codes given below:
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Which of the following statements is/are correct about the Chit funds? 1. Chit funds are essentially saving institutions and have regular members who make periodical subscriptions to the fund. 2. Chit fund business is regulated under the Central Chit Funds Act, 1982 which was recently amended by the Chit Funds (Amendment) Bill, 2019 and the rules framed under this Act by the various state governments for this purpose. Select the correct answer using the codes given below:
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Which of the following statements is/are correct about the Indian Strategic Petroleum Reserves Limited (ISPRL)? 1. It is an Indian company responsible for maintaining the country's strategic petroleum reserves. 2. ISPRL is a wholly owned subsidiary of the Oil Industry Development Board (OIDB), which functions under the administrative control of the Ministry of Petroleum and Natural Gas. 3. Currently, Mumbai Strategic Petroleum Storage is the only Strategic Petroleum Reserve of India under ISPRL. Select the correct answer using the codes given below:
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With reference to the proposals for changes in the Deposit Insurance and Credit Guarantee Corporation (DICGC) in the Budget 2020-21 which of the following statements is/are correct? 1. It has been proposed to hike the bank deposit insurance in scheduled commercial banks to Rs 5 lakh per depositor from the current Rs 1 lakh.Deposits of foreign governments and 2. Deposits of Central/State Governments will also be covered under the scheme 3. Only Primary Cooperative Societies will also be covered under DICGC Select the correct answer using the codes given below:
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Which of the following statement(s) is/are correct about the Code on Wages, 2019? 1. Under the code the central government will make all kind of wage-related decisions and fixes the minimum wages for all kind of employments. 2. The Code prohibits gender discrimination in matters related to wages and recruitment of employees for the same work or work of similar nature. 3. Under the code the central and state governments will constitute advisory boards which will advise the respective governments on various. Select the correct answer using the codes given below:
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