1) Which of the following statements is/are correct?
1. The theme for annual WEF meeting at Davos in 2019 is ‘Globalization 4.0: Shaping a New Architecture in the Age of Internet of Things’ 2. The idea that business should behave responsibly to everyone affected by its activities has guided Davos since its inception
3. In terms of altitude, Davos is the highest city in Europe.
a. 1 and 2 only
b. 1 and 3 only
c. 2 and 3 only
d. All of the above
• The theme for 2019 is Globalization 4.0: Shaping a New Architecture in the Age of the Fourth Industrial Revolution
• At 1,560 metres it’s the highest city in Europe. The dry Alpine air established Davos as a setting for sanatoriums in the nineteenth century, offering some respite to TB sufferers before the age of antibiotics.
• The World Economic Forum first came to Davos in 1971. Back then, it was known as European Management Symposium.
• Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, pioneered multi-stakeholder theory: the idea that business should behave responsibly to everyone affected by its activities. This has guided Davos ever since, as it expanded to include leaders from every sphere of society, from social entrepreneurs to civil society activists.
• Davos was first chosen as a location so that participants would feel relaxed enough to speak frankly, in an atmosphere of mutual respect and cooperation. This became known as the “Davos Spirit,” and is still the hallmark of all Forum gatherings.
2) Which of the following statements is/are correct?
1. India has pipped Japan to become the largest steel producer in the world based on data on first eleven months of 2018.
2. India’s apparent steel use per capita for finished steel products stood at 66.2 kilogram (kg), way below the world average of 212.3 kg in 2017.
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
• India has surged past Japan to become the second largest steel producer in the world. According to World Steel Association, India produced 96.92 million tonnes of crude steel during the first eleven months of 2018 compared to 92. 39 million tonnes during the same period of 2017, representing a growth of 4.9 per cent
• China maintained its position at the top with 857 million tonnes of steel production.
• India’s apparent steel use per capita for finished steel products stood at 66.2 kilogram (kg), way below the world average of 212.3 kg in 2017, which suggests that India has a huge unrealised potential for steel demand growth
3) Which of the following statements is/are correct about GCF?
1. It was set up by the 194 countries who are parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, as part of the Convention’s financial mechanism.
2. GCF seeks to promote a paradigm shift to low-emission and climate-resilient development.
3. To avail GCF funding, the accredited agency in India is SIDBI.
a. 1 and 2 only
b. 2 and 3 only
c. 1 and 3 only
d. All of the above
• The Green Climate Fund (GCF) is a new global fund created to support the efforts of developing countries to respond to the challenge of climate change. GCF helps developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change. • It was set up by the 194 countries who are parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, as part of the Convention’s financial mechanism. • GCF launched its initial resource mobilization in 2014, and rapidly gathered pledges worth USD 10.3 billion. • GCF aims to catalyze a flow of climate finance to invest in low-emission and climate-resilient development, driving a paradigm shift in the global response to climate change. • The Fund’s investments can be in the form of grants, loans, equity or guarantees. • Mytrah Mobility, the electric vehicle (EV) solutions firm based in Gurugram, will be implementing the largest of its kind funding programme for electric buses and allied infrastructure in India. The UN-backed Green Climate Fund (GCF) will be channelising funds worth $1 billion through the company. • Mytrah estimates the funding will enable financing of 5,000 buses. It will have the potential to reduce 12 million tonnes of greenhouse gas emissions, avoid use of 1.5 billion litres of diesel and create over 20,000 skilled green jobs. • The company bagged the GCF funding through a three-stage bidding process. Mytrah will be availing the funding through Small Industries Development Bank of India, the accredited agency from India. • It has an independent secretariat based in South Korea.
4) Supreme Court of India has very extensive jurisdiction and vast powers. Which of the following are not the part of Original jurisdiction of the Supreme Court of India?
1. Matters referred to the Finance Commission
2. Recovery of damages by a State against the Centre
3. Dispute involving a question of law or fact on which the existence of a legal right depends
4. Commercial disputes between the Centre and the States
a. 1, 2 and 3 only
b. 2, 3 and 4 only
c. 1, 2 and 4 only
d. All of the above fall under Original jurisdiction of the Supreme Court
- The Supreme Court has original, appellate and advisory jurisdiction. Its exclusive original jurisdiction extends to any dispute between the Government of India and one or more States or between the Government of India and any State or States on one side and one or more States on the other or between two or more States, if and insofar as the dispute involves any question (whether of law or of fact) on which the existence or extent of a legal right depends.
- In addition, Article 32 of the Constitution gives an extensive original jurisdiction to the Supreme Court in regard to enforcement of Fundamental Rights. It is empowered to issue directions, orders or writs, including writs in the nature of habeas corpus, mandamus, prohibition, quo warranto and certiorari to enforce them. The Supreme Court has been conferred with power to direct transfer of any civil or criminal case from one State High Court to another State High Court or from a Court subordinate to another State High Court.
- The Supreme Court, if satisfied that cases involving the same or substantially the same questions of law are pending before it and one or more High Courts or before two or more High Courts and that such questions are substantial questions of general importance, may withdraw a case or cases pending before the High Court or High Courts and dispose of all such cases itself. Under the Arbitration and Conciliation Act, 1996, International Commercial Arbitration can also be initiated in the Supreme Court.
5) Consider the following statements are correct in context of Judges of Supreme Court:
a. The Constitution has fixed the tenure of a judge of Supreme Court
b. A Judge of Supreme Court can be removed from office on the grounds of violation of Constitution, proved misbehaviour or incapacity.
c. The Parliament, with the approval of the President, makes rules for regulating generally the practice and procedure of the Court
d. The Chief Justice of India can request a retired judge of a high court to act as a judge of Supreme Court for a temporary period
• The Constitution has not fixed the tenure of a judge of Supreme Court. However, the Constitution makes 3 provisions
• He holds office until he attains the age of 65 years
• He resigns his office by writing to the president
• He can be removed from his office by the President on the recommendation of the Parliament.
• The President of India can be removed from his office on the grounds of violation of Constitution. A Judge of Supreme Court can be removed on the grounds of proved misbehaviour or incapacity.
• The Supreme Court, with the approval of the President, makes rules for regulating generally the practice and procedure of the Court.
6) Which of the following Parliamentary Committees existed in pre-independent India?
a. Public Accounts Committee
b. Estimates Committee
c. Both a and b
d. Parliamentary Committees came into being only after India became independence
• Public Accounts Committee was set up in 1921 under the provisions of the Government of India Act 1919. At present, it consists of 22 members (15 from Lok Sabha and 7 from Rajya Sabha)
• The creation of Estimates Committee was inspired by the standing financial committee set up in 1921. The first Estimates Committee in the post-independence era was constituted in 1950 on the recommendations of John Mithai, the then finance minister. Till 1956 it had 25 members which were then increased to 30, all elected from the Lok Sabha.