1) Which of the following is true about the Bharat ke Veer fund?
1. It was set up to aid the families of CAPF martyrs by the Ministry of Defence
2. All contributions to the fund are exempt from tax
A. 1 only
B. 2 only
D. None of the above
- ‘Bharat Ke Veer’ is a home ministry fund which aids families of paramilitary personnel who died fighting extremists, have been exempted from the income tax. The fund is registered trust for providing a platform to all citizens to contribute and provide assistance to the families of martyred paramilitary personnel set up in 2017.
2) Which of the following statements is/are true?
1. Critical Information Infrastructure is defined as per Section 69 of the IT Act
2. Election Commission of India is the first Constitutional authority to have its own cyber security regulations
A. Only 1
B. Only 2
C. Both 1 and 2
D. None of the above
- Election Commission (EC) has initiated an unprecedented drive to protect its voter registration database and office networks from unauthorised influence and access during the Lok Sabha polls in 2019. A chief information security officer in Delhi and a cyber security nodal officer in each state; regulations on cyber security exclusively for the Commission; third-party security audit of all poll-related applications and websites; workshops to train officers in cyber hygiene; and a proposal to recognise elections as ‘critical information’ under the IT Act, 2000.
Launched in March, the EC’s “Cyber Security Regulations” (CSR) is a guide for its officers’ online behaviour. These regulations are meant to prevent “unauthorised access, disclosure, duplication, modification, diversion, destruction, loss misuse or theft of protection information. EC is probably the first Constitutional authority in the country to have its own cyber security regulations. Its provisions are enforceable under the Information Technology Act, 2000.
Perhaps the most critical step to EC’s cyber security preparedness is getting its election infrastructure recognised as “critical information infrastructure” (CII). Section 70 of the IT Act 2000 defines CII as “the computer resource, incapacitation or destruction of which, shall have debilitating impact on national security, economy, public health or safety.”
3) Consider the following statements with respect to Optical Tweezers :
i. They are used to grab particles, atoms and other living cells with their laser beam fingers but not viruses.
ii. They can be used in corrective eye surgery.
Which of the above statements is/are correct?
A. Only I
B. Only ii
- An investment that is considered socially responsible because of the nature of the business the company conducts.
Common themes for socially responsible investments include avoiding investment in companies that produce or sell addictive substances (like alcohol, gambling and tobacco) and seeking out companies engaged in social justice, environmental sustainability and alternative energy/clean technology efforts.
Socially responsible investments can be made in individual companies or through a socially conscious mutual fund or exchange-traded fund (ETF).
4) What does one mean by Socially Responsible Investment?
A. Any investment strategy which seeks to consider both financial return and social/environmental good to bring about a positive change. B. An investment strategy that seeks to correct the inequality of world trade and increase investment in Least Developed Countries.
C. An investment strategy that pushes companies to invest a part of their profit for CSR purposes over and above the government regulations.
D. An investment strategy that regulates the entry of MNCs in developed countries so as to encourage indigenous manufacturing.
5) Which of the following is/are correct about Repo rate?
i. Repo rate is the rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds. ii. In the event of inflation, central banks decrease repo rate
iii. Repo and reverse repo rates form a part of the liquidity adjustment facility
A. i and ii only
B. ii and iii only
C. i and iii only
D. All of the above
In the event of inflation, central banks increase repo rate as this acts as a disincentive for banks to borrow from the central bank. This ultimately reduces the money supply in the economy and thus helps in arresting inflation.