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UPSC & State PSC
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25 Jan 2021 12:59 PM
25 Jan 2021 12:59 PM
Which of the following statements is/are correct about the Mineral Laws (Amendment) Ordinance 2020 which was approved by the Union Cabinet recently? 1. It was promulgated to amend the Coal Mines (Special Provisions) Act, 2015, as well as the Mines and Minerals (Development and Regulation) Act, 1957. 2. The ordinance allows only public sector undertakings(PSUs) to bid and develop coal blocks in India. 3. The ordinance puts an end to captive coal block auctions in future. Select the correct answer using the codes given below:
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The agricultural subsidies, in the WTO terminology have in general been identified by ‘boxes’ which have been given the colours of the traffic lights—green, amber and red With reference to this identify which of the following statements is/are correct? 1. The agricultural subsidies which cause minimal or no distortions to trade are put under the green box. 2. All subsidies which are supposed to distort production and trade fall into the blue box . 3. The ‘Amber box’ subsidies are tied to programmes that limit the level of production. Select the correct answer using the codes given below:
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Which of the following statement(s) is/are correct about the Angel Tax which was in news recently? 1. Angel Tax is levied on the companies which avail exemptions and various tax incentives. 2. The tax was introduced in the 2012 Union Budget by then finance minister Pranab Mukherjee to arrest laundering of funds. Select the correct answer using the codes given below:
Attempt NowWhich 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:
Attempt NowWhich of the following statements is/are correct about the Dispute Settlement Mechanism of the World Trade Organization(WTO)? 1. Settling disputes is the responsibility of the Dispute Settlement Body (the General Council in another guise), which consists of all WTO members. 2. Under the WTO rules of Dispute Settlement rulings could only be adopted by consensus, meaning that a single objection could block the ruling. 3. The WTO dispute Settlement mechanism is based on the provisions which exists under the General Agreement on Tariffs and Trade(GATT). Select the correct answer using the codes given below:
Attempt NowWhich of the following statement(s) is/are correct about the inter-creditor Agreement (ICA) which was in news recently?
Attempt NowWhich of the following statement(s) is/are correct about the Global Innovation Index (GII), 2019 which was released recently?
Attempt NowThe Open Acreage Licensing Policy (OALP) which sometimes appears in the media is related to which of the following sector?
Attempt NowWhich of the following are among the key provisions of the Recycling of Ships Bill, 2019 which was recently introduced in the in Lok Sabha? 1. Under the Bill, ship recycling facilities are required to be authorized and ships shall be recycled only in such authorized ship recycling facilities. 2. It restricts and prohibits the use or installation of hazardous material, which applies irrespective of whether a ship is meant for recycling or not. 3. The provisions of the bill on hazardous material are also applicable to the warships and non- commercial ships operated by Government. Select the correct answer using the codes given below:
Attempt NowWatson’s Hotel or Esplanade Mansion, which is India’s oldest surviving cast Iron Building is located in which of the following cities?
Attempt NowRecently, a government-appointed task force submitted its report on the new Direct Tax Code, which seeks to replace the existing Income Tax Act, the task was headed by which of the following dignitary?
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