Q:

Hindustan Aeronautics Limited handed over the  first  two  indigenously designed  and manufactured  light  combat  aircrafts  to  the Indian Air Force in 2016. What is the name of these new combat aircrafts?

A) Marut B) Garud
C) Tejas D) Pushpak
 
Answer & Explanation Answer: C) Tejas

Explanation:

Tejas is an Indiansingle-seat, single-jet engine,multirole light fighter designed by the Aeronautical Development Agency(ADA) and Hindustan Aeronautics Limited(HAL) for the Indian    Air    Force and Indian Navy.   It   came   from   the   Light Combat Aircraft (LCA) programme, which   began   in   the   1980s   to replace India's ageing MiG-21 fighters.  In  2003,  the  LCA  was officially named "Tejas.

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Q:

Which  of  the  following  statements  about Bitcoin is/are correct?

1.It is a decentralized virtual currency.

2.It    is    generated    through    complex computer software systems.

3.The  Reserve  Bank  of  India  recognized it as a legal tender in January 2016.

Select  the  correct  answer  using  the  code given below.

A) 1 only B) 1 and 2 only
C) 2 and 3 only D) 1, 2 and 3
 
Answer & Explanation Answer: B) 1 and 2 only

Explanation:

Bitcoin is the world's first cryptocurrency,    a    form    of electronic   cash.It   is   the    first decentralized digital  currency:  the system   was   designed   to   work without   acentral   bankor   single administrator.Bitcoins    are    sent from  user  to  user  on  the peer-to-peer bitcoin network directly, without the need for intermediaries.  These  transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a block chain. Bitcoin was invented by an unknown person or group of people   using   the   name Satoshi Nakamoto. Bitcoins are not recognised  as  a  legal  tender  by Reserve Bank of India. 

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Q:

Which  of  the  following  statements  about the  Trans-Pacific  Partnership  (TPP)  is  /are correct?

1.The  TPP  was  signed  by  12  Pacific  Rim nations in the year 2015.

2.The TPP is likely to be a game-changer in  global  trade  as  member  countries account  for  about  40  percent  of  global GDP.

3.India is a founder member of TPP.

Select  the  correct  answer  using  the  code given below.

A) 1, 2 and 3 B) 1 and 2 only
C) 2 and 3 only D) 1 only
 
Answer & Explanation Answer: B) 1 and 2 only

Explanation:

3  is  incorrect,  as  India  is  not  a member of TPP

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Q:

The 7.6% growth rate registered by Indian economy during the year 2015-16 is based on 

A) Gross   National   Product   at   market prices B) Gross Value Added at constant prices
C) Gross   Domestic   Product   at   market prices D) Gross  Domestic  Product  at  constant prices
 
Answer & Explanation Answer: D) Gross  Domestic  Product  at  constant prices

Explanation:

The Central Statistics Office (CSO), Ministry of Statistics and Programme   Implementation,   has released  the  provisional  estimates of national income for the financial year 2015-16 and quarterly estimates    of    Gross    Domestic Product    (GDP)    for    the    fourth quarter  (January-March)  of  2015-16,   both   at   constant   (2011-12) and current prices.

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Q:

TRIPS Agreement pertains to 

A) international tariff regime B) intellectual property protection
C) international practices on trade facilitation D) international taxation of property
 
Answer & Explanation Answer: B) intellectual property protection

Explanation:

The Agreement   on   Trade-Related Aspects   of   Intellectual   Property Rights(TRIPS)   is   an international legal   agreement between   all   the member    nations    of    the World Trade  Organization(WTO).  It  sets down  minimum  standards  for  the regulation by national governments of    many    forms    of intellectual property(IP) as applied to nationals  of  other  WTO  member nations.TRIPS  was  negotiated  at the  end  of  the  Uruguay  Round  of the General  Agreement  on  Tariffs and  Trade  (GATT)  in  1994  and  is administered by the WTO

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Q:

Which   one   of   the   following   is   not   a component  of  Revenue  Receipts  of  the Union Government?

A) Corporate tax receipts B) Dividends and profits
C) Disinvestment receipts D) Interest receipts
 
Answer & Explanation Answer: C) Disinvestment receipts

Explanation:

Revenue    receipts    are    regular source of Government of India, but Disinvestment   receipts   are   not regular    source    of    Income    of Government  and  all  other  given are regular

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Q:

Which  of  the  following  are  the  powers  of the Supreme Court of India?

1.Original    jurisdiction    in    a    dispute between  the  Government  of  India  and one or more States.

2.The  power  to  hear  appeals  from  the High Courts

3.Passing  decrees  and  orders  for  doing justice in any matter before it

4.Render advice to the President of India in matters of law

Select  the  correct  answer  using  the  code given below.

A) 1, 2, 3 and 4 B) 1, 2 and 3 only
C) 1 and 2 only D) 3 and 4 only
 
Answer & Explanation Answer: A) 1, 2, 3 and 4

Explanation:
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Q:

Which     of     the     following     statements regarding   Indian   federal   system   is/are correct?

1.All States have equal representation in the Rajya Sabha.

2.Consent  of  a  State  is  not  required  for altering its boundaries.

3.There is no dual citizenship in India.

Select  the  correct  answer  using  the  code given below.

A) 1, 2 and 3 B) 2 and 3 only
C) 1 and 3 only D) 2 only
 
Answer & Explanation Answer: B) 2 and 3 only

Explanation:

Besides  some  federal  features,the Constitution of India also has some unitary  features  as  well.  All  States have  no  equal  representation  in the  Rajya  Sabha,because  in  India the states are given representation in the Rajya Sabha on the basis of population.  Hence,  the  number  of representatives  varies  from  state to    state, for    instance,    Uttar Pradesh  has  31  members  whereas Tripura  has  only  1  member.This principle    is    considered    as    a safeguard    for    smaller    states.States  in  India  also  have  no  right to territorial integrity. The Parliament  can  change  the  area,boundaries  or  name  of  any  state by unilateral action, So the consent of   a   State   is   not   required   for altering  its  boundaries,Moreover,despite dual Polity,the Constitution  of  India  adopted  the system  of Single citizenship.There is  only  Indian  citizenship  and  no separate state citizenship.

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