Which one of the following was the latest inclusion in the Intangible Cultural Heritage List of UNESCO ?
UPSC IAS
12. Consider the following statements : 1. India is a member of the Int
Consider the following statements :
- 1. India is a member of the International Grains Council.
- 2. A country needs to be a member of the International Grains Council for exporting or importing rice and wheat.
Which of the statements given above is/are correct ?
Statement 2 is incorrect. Membership in the International Grains Council is not a mandatory requirement for a country to export or import rice and wheat. Countries engage in international trade of these commodities based on bilateral agreements, WTO regulations, and other trade arrangements, irrespective of IGC membership.
13. Consider the following statements : 1. There are no parables in Upa
Consider the following statements :
- 1. There are no parables in Upanishads.
- 2. Upanishads were composed earlier than the Puranas.
Which of the statements given above is/are correct ?
Statement 2 is correct. The Upanishads are considered part of the later Vedic literature and generally predate the Puranas, which are part of the post-Vedic Smriti literature compiled much later, around the 4th to 16th centuries CE.
14. With reference to revenue collection by Cornwallis, consider the follo
With reference to revenue collection by Cornwallis, consider the following statements :
- 1. Under the Ryotwari Settlement of revenue collection, the peasants were exempted from revenue payment in case of bad harvests or natural calamities.
- 2. Under the Permanent Settlement in Bengal, if the Zamindar failed to pay his revenues to the state, on or before the fixed date, he would be removed from his Zamindari.
Which of the statements given above is/are correct ?
Statement 2 is correct. The Permanent Settlement introduced by Cornwallis in Bengal included a strict ‘Sunset Clause’. If the Zamindar failed to pay the fixed revenue by the specified date (sunset of the last day of payment), his Zamindari rights were forfeited, and the estate was auctioned off.
15. Who of the following rulers of medieval India gave permission to the P
Who of the following rulers of medieval India gave permission to the Portuguese to build a fort at Bhatkal ?
16. Consider the following information : Archaeological Site State
Consider the following information :
Archaeological Site | State | Description | |
---|---|---|---|
1. | Chandraketugarh | Odisha | Trading Port town |
2. | Inamgaon | Maharashtra | Chalcolithic site |
3. | Mangadu | Kerala | Megalithic site |
4. | Salihundam | Andhra Pradesh | Rock-cut cave shrines |
In which of the above rows is the given information correctly matched ?
2. Inamgaon is a major archaeological site located in Maharashtra. It is a significant and well-studied Chalcolithic period site, known for its evidence of early farming villages in the Deccan region. This row is correctly matched.
3. Mangadu is a place in Kerala, and archaeological findings including megalithic burials have been reported from sites in or near Mangadu in Kerala. While perhaps not as famous as some other megalithic sites, the description as a “Megalithic site” in Kerala is considered correct in this context.
4. Salihundam is an important Buddhist archaeological site in Andhra Pradesh. It features structural remains of stupas, chaityas, viharas, and monastic complexes, as well as sculptures and inscriptions. It is not primarily known for “Rock-cut cave shrines” in the way sites like Ajanta or Ellora are. While there might be minor rock-cut elements, this description is generally inaccurate for Salihundam.
17. With reference to ancient India, Gautama Buddha was generally known by
With reference to ancient India, Gautama Buddha was generally known by which of the following epithets ?
- 1. Nayaputta
- 2. Shakyamuni
- 3. Tathagata
Select the correct answer using the code given below :
2. Shakyamuni means “Sage of the Shakyas”. Gautama Buddha was born into the Shakya clan and is frequently referred to by this title, particularly in Mahayana Buddhism. This is a correct epithet.
3. Tathagata is a term used by Gautama Buddha when referring to himself. Its meaning is debated but broadly translates to “one who has thus come” or “one who has thus gone,” signifying one who has attained ultimate truth. It is one of the principal epithets of Buddha. This is a correct epithet.
18. Consider the following statements in respect of the digital rupee :
Consider the following statements in respect of the digital rupee :
- 1. It is a sovereign currency issued by the Reserve Bank of India (RBI) in alignment with its monetary policy.
- 2. It appears as a liability on the RBI’s balance sheet.
- 3. It is insured against inflation by its very design.
- 4. It is freely convertible against commercial bank money and cash.
Which of the statements given above are correct ?
Statement 2 is correct. Similar to physical currency, CBDC represents a direct liability of the central bank (RBI) to the holder. It is essentially a claim on the central bank.
Statement 3 is incorrect. The design of the digital rupee does not inherently provide insurance against inflation. Like physical currency, its purchasing power would be subject to macroeconomic factors and inflationary pressures managed by the RBI through monetary policy. Its value is pegged 1:1 with the physical rupee.
Statement 4 is correct. As a digital equivalent of physical currency, the digital rupee is intended to be freely convertible with other forms of money, such as commercial bank deposits (commercial bank money) and physical cash.
19. Consider the following statements : Statement-I : Syndicated lending s
Consider the following statements :
Statement-I :
Syndicated lending spreads the risk of borrower default across multiple lenders.
Statement-II :
The syndicated loan can be a fixed amount/lump sum of funds, but cannot be a credit line.
Which one of the following is correct in respect of the above statements ?
Statement-II is incorrect. Syndicated loans can be structured in various forms. While term loans (fixed amount/lump sum) are common, syndicated facilities can also be structured as revolving credit facilities, which function like a credit line allowing the borrower to draw, repay, and redraw funds up to a specified limit over a period. Therefore, a syndicated loan *can* be a credit line.
20. Consider the following statements : Statement-I : If the United States
Consider the following statements :
Statement-I :
If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment.
Statement-II :
The USA Government debt is not backed by any hard assets, but only by the faith of the Government.
Which one of the following is correct in respect of the above statements ?
Statement-II is correct. US Government debt is backed by the “full faith and credit” of the US government, which essentially means its ability to tax, borrow, and manage its economy, as well as its reputation and willingness to pay. It is not typically backed by specific physical assets like land or gold reserves.
While both statements are correct, Statement-II (the nature of the backing) does not explain Statement-I (the consequence of default). Default simply means failure to pay, regardless of what backs the debt. The type of backing might influence the severity of the default or the potential for recovery, but it doesn’t explain the fundamental event of non-payment.