General Tests: Mock Test - 10 - CUET Commerce MCQ

Statement Analysis:
Statement 1
Incorrect
The withdrawal of consent did not make the CBI defunct in a state — it retained the power to investigate cases that had been registered before consent was withdrawn.  Also, a case registered anywhere else in the country, which involved individuals stationed in these states, allowed the CBI’s jurisdiction to extend to these states

Statement 2
Correct
The National Investigation Agency (NIA), which is governed by The NIA Act, 2008, has jurisdiction across the country. But the CBI is governed by The Delhi Special Police Establishment (DSPE) Act, 1946, and must mandatorily obtain the consent of the state government concerned before beginning to investigate a crime in a state

Context – Central Government told the Supreme Court that states do not have any “absolute” power to keep the Central Bureau of Investigation (CBI) from investigating crimes inside the State.

Statement Analysis:
Statement 1
Incorrect
Build Back Better World or B3W is an initiative undertaken by G7 countries

Statement 2
Correct
The B3W efforts are in line with the standards and principles of the Blue Dot Network (BDN), relating to the environment and climate, labor and social safeguards, financing, construction, anticorruption, and other areas.

Statement 3
Correct
Led by the United States, the G7 countries will work to address the $40 trillion worth of infrastructure needed by developing countries by 2035. The initiative aims to catalyze funding for quality infrastructure from the private sector and will encourage private-sector investments that support “climate, health and health security, digital technology, and gender equity and equality”

Context – US President Biden Announced the Build Back Better Framework

Statement Analysis:
Statement 1
Correct
Tokenization refers to replacement of card details with an alternative code called a ‘token’, which is unique for a combination of card, token requestor (the entity that accepts a request from the customer for tokenization of a card and passes it on to the card network to issue a token) and the device

Statement 2
Incorrect
With effect from January 1, 2022, no entity in the card transaction/payment chain, other than the card issuers and/or card networks, shall store the actual card data.

Statement 3
Correct
The guidelines extend the tokenization guidelines to every device that connects with the internet, including mobile phones, tablets, laptops, desktops, wrist watches, bands, Internet of Things devices as well as payment aggregators.

Context – RBI recently announced new guidelines for card tokenization.

Statement Analysis:
Statement 1
Correct
The Scheme enables the registered potters to get a direct loan from the banks under Pradhan Mantri Shishu Mudra Yojana. Under this Scheme, KVIC is acting as a facilitator for financial aid to potters through RBL bank and also providing training to the artisans, opting for this scheme

Statement 2
Incorrect
Khadi and Village Industries Commission (KVIC) launched the scheme called SPIN (Strengthening the Potential of India).

Context – The scheme was launched by KVIC

Ministry of Information and Broadcasting has constituted a ten member Committee headed by Shri Ashok Kumar Tandon, renowned Journalist and Member, PrasarBharati. The committee was tasked to take a look at the existing guidelines of Journalists Welfare Scheme of the Ministry of Information and Broadcasting.

Statement Analysis:
Statement 1
Correct
ONDC is envisaged as a neutral platform that will set protocols for cataloguing, vendor match, and price discovery in open source on the lines of the Unified Payments Interface (UPI). It will enable buyers and sellers to be digitally visible and transact through an open network no matter what platform/application they use

Statement 2
Incorrect
The Department for Promotion of Industry and Internal Trade (DPIIT) in the Ministry of Commerce and Industry is building an Open Network for Digital Commerce (ONDC).

Context- Quality Council of India set up team of experts to execute proposed ONDC project

Statement Analysis:
Statement 1
Correct
Dugongs, also known as Sea Cows, are the only herbivorous marine mammals and the only member of the family Dugongidae, making it one of the four surviving species in the Order Sirenia (other is Trichechidae, or the manatee family). It is  classified as Vulnerable by IUCN

Statement 2
Correct
Dugongs are protected in India and occur in Gulf of Mannar, Palk Bay, Gulf of Kutch and Andaman and Nicobar islands.

Context – Tamil Nadu government announced India’s first conservation reserve for Dugongs in Palk Bay

Statement Analysis:
Statement 1
Correct
The India Plastics Pact is a collaboration between WWF India and CII—anchored at the CII-ITC Centre of Excellence for Sustainable Development (CESD), and supported by WRAP, a global NGO based in the UK

Statement 2
Correct
The Pact aims to transform the current linear plastics system into a circular plastics economy

Context – India Plastic Pact was in news

It is an agricultural festival, observed to welcome the new rice of the season. It is observed on the fifth day of the lunar fortnight of the month of Bhadrapada or Bhaadra (August–September), the day after the Ganesh Chaturthi festival. It is celebrated in Western Odisha and adjoining areas of Simdega in Jharkhand.
Context – The festival was in news

Statement Analysis:
Statement 1
Incorrect
Shoonya Campaign is lauched by Niti Aayog in collaboration with Rocky Mountain Institute (RMI).

Statement 2
Incorrect
It aims to accelerate the adoption of electric vehicles (EVs) in the urban deliveries segment and create consumer awareness about the benefits of zero-pollution delivery. 

Context – NITI Aayog  launched ‘Shoonya’ Campaign.

Statement Analysis:
Statement 1
Correct
Li-Fi technology can send data at up to 1GB per second, which is a hundred times faster than Wi-Fi technology available today.

Statement 2
Correct
Li-Fi has the advantage of being useful in electromagnetic sensitive areas such as in aircraft cabins, hospitals and nuclear power plants without causing electromagnetic interference unlike Wi-Fi.

Context – India’s highest altitude institute in Ladakh gets LiFi network for faster internet

Statement Analysis:
Statement 1
Incorrect
Hypersonic speeds are those that exceed five times the speed of sound, that is, anything that can move at speeds of Mach 5 or above, which means at least at 1.6 km per second.

Statement 2
Correct
Hypersonic missile packs the manoeuvrability of much slower subsonic cruise missiles and the hypersonic speed greater than or equal to ICBMs, making it harder to track and defend against

Context – China reportedly tested a nuclear-capable hypersonic glide vehicle that circled the globe before speeding towards its target

Statement Analysis:
Statement 1
Correct
It will lead to a gradual shift from Power Purchase Agreement (PPA) based contract to market-based models. It also provides competitive price signals to reduce the cost of power

Statement 2
Incorrect
Union Minister of Power & New and Renewable Energy launched the Green Day Ahead Market

Context – Green Day Ahead Market was launched.

Statement Analysis:
Statement 1
Correct
Parks will be developed in a Public Private Partnership (PPP) based Master Developer (MD) model on Design-Build-Finance-Operate-Transfer (DBFOT) format. MD model is a model where private sector entity is responsible from first conception and planning, all the way through to the implementation of major projects

Statement 2
Correct
It is only available to those manufacturing companies who are not availing Textile PLI scheme benefits and will be available till the funds provided for the scheme are not exhausted.Provision of INR 300 Crore per park is being provided for incentivizing manufacturing units to setup early on first come first serve basis

Statement 3
Incorrect
State governments having ready availability of contiguous and dispute free land parcel of 1000+ acres will be eligible for application under the Scheme.

Statement 4
Correct
It comes under the Ministry of Textiles.

Statement Analysis:
Statement 1
Correct
“30 by 30” plan to give 30% of land and oceans protected status by 2030 through “area-based conservation measures” like protected national parks. — a measure supported by a broad coalition of nations, as well as a goal to halve the use of chemicals in agriculture and stop creating plastic waste

Statement 2
Correct
It will be done through “area-based conservation measures” like protected national parks

Statement 3
Correct
Kunming Declaration which calls for urgent and integrated action to reflect biodiversity considerations in all sectors of the global economy was adopted at the COP 15 in China

Context – 15th meeting of the Conference of the Parties (COP) to the United Nations Convention on Biological Diversity (CBD) was held virtually in Kunming, China

Statement Analysis:
Statement 1
Correct
The Gupta style was influenced by Kushana, Mathura, and Gandhara and borrowed the common features of T-shaped doorways, decorated door jambs, sculpted panels with high-relief figures, and laurel-wreath and acanthus motifs

Statement 2
Correct
The temples were constructed using sandstone, granite, and brick.

Statement 3
Incorrect
Gupta temples were dedicated to a large number of Hindu gods rather than a single deity.

Context – The Archaeological Survey of India (ASI) has found remains of an ancient temple dating back to the Gupta Period, 5th Century CE in Uttar Pradesh.

Statement Analysis:
Statement 1
Correct
The objective of this scheme is to provide assistance for the international component of freight, to mitigate disadvantage of higher freight costs faced by the Indian exporters of agriculture products

Statement 2
Incorrect
Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme was launched in 2019 by the Department of Commerce under the Ministry of Commerce and Industry.

Statement 3
Incorrect
Recently, the Department has notified ‘Revised Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme’ for exports effected on or after 01.04.2021 up to 31.03.2022. The existing scheme will remain in operation for exports effected up to 31.03.2021. Following major changes have been made in the revised scheme: 

• Dairy products, which were not covered under the earlier scheme, will be eligible for assistance under the revised scheme. 
  (i) Rates of assistance have been increased, by 50% for exports by sea and by 100% for exports by air

Context – The provisions of the scheme were revised

Statement Analysis:
Statement 1
Correct
The United Nations Human Rights Council (UNHRC) is an inter-governmental organization whose mission is to promote and protect human rights around the world. The Council has 47 members elected for staggered three-year terms on a regional group basis.

Statement 2
Incorrect
The seats are distributed along the following lines:
13 for the African Group 
13 for the Asia-Pacific Group 
6 for the Eastern European Group 
8 for the Latin American and Caribbean Group 7 for the Western European and Others Group. So, Asia-Pacific states are the joint largest grouping within UNHRC.

Context – India was re-elected to the United Nations Human Rights Council (UNHRC) for the 2022-24 term.

Statement Analysis:
Statement 1
Correct
Retail investors will be allowed to open retail direct gilt accounts (RDG) directly with RBI under Retail Direct Scheme

Statement 2
Correct
A dedicated online portal will provide registered users access to primary issuance of government securities and to Negotiated Dealing System-Order Matching system (NDS-OM)

Statement 3
Correct
Investments available to the user under this scheme are-

1. Government of India Treasury Bills. 
2. Government of India dated securities. 
3. Sovereign Gold Bonds (SGB). 
4. State Development Loans (SDLs)

Context- RBI Retail Direct Scheme was launched

Statement Analysis:
Statement 1
Incorrect
The scheme will have a special focus on Northeast region and the Andaman and Nicobar Islands. But, there’s no focus on region surrounding tropical evergreen forests per se.

Statement 2
Correct
The Government of India will give a price assurance to the oil palm farmers for the FFBs. This will be known as the Viability Price (VP). This VP shall be the annual average CPO price of the last 5 years adjusted with the wholesale price index to be multiplied by 14.3 %.  This will be fixed yearly for the oil palm year from 1st November to 31st October

Statement 3
Incorrect
The scheme comes under the Ministry of Agriculture and Family Welfare

Context- NMEO – OP was launched recently

Statement Analysis:
Statement 1
Correct
The main purpose is to encourage MSMEs as they are vital to the economy in terms of creating jobs, fostering innovations and reviving the economy

Statement 2
Incorrect
The fund has been set up jointly by Exim Bank and SIDBI (Small Industries Development Bank of India) which will invest in the fund by way of equity and equity-like products in export-oriented units, in both manufacturing and services sectors

Statement 3
Incorrect
It has a corpus of Rs 250 crore with a green shoe option of Rs 250 crore

Context – The Ministry of Finance has launched ‘Ubharte Sitaare’ Alternative Investment Fund to facilitate debt and equity funding to export-oriented MSMEs (Micro Small and medium Enterprises

Statement Analysis:
Statement 1
Incorrect
It is a short-lived pollutant that is the second-largest contributor to warming the planet behind carbon dioxide (CO₂).

Statement 2
Correct
Primary sources of Black Carbon include emissions from diesel engines, cook stoves, wood burning and forest fires.

Context- A research was conducted on black carbon and its impacts on health

Statement Analysis:
Statement 1
Incorrect
GSI is one of the oldest of such organisations in the world and the second oldest survey in India after Survey of India (founded in 1767), for conducting geological surveys and studies of India.

Statement 2
Correct
The Geological Survey of India (GSI) is a scientific agency of India. It was founded in 1851, is a Government of India organization under the Ministry of Mines

Statement 3
Incorrect
Geological Survey of India (GSI) declares geo heritage sites/ national geological monuments for protection and maintenance. GSI or the respective State governments take necessary measures to protect these sites.

Context- Twelve locations in Northeast are included in 32 approved geo-tourism or geo-heritage sites in the country

All the applications given above are possible through quantum computing.
Context- Ministry of Electronics and Information Technology (MeitY) recently launched QSim – Quantum Computer Simulator Toolkit.

Statement Analysis:
Statement 1
Incorrect
KVIC is a statutory body established under the Khadi and Village Industries Commission Act, 1956. KVIC is charged with the planning, promotion, organisation and implementation of programmes for the development of Khadi and other village industries in the rural areas in coordination with other agencies engaged in rural development wherever necessary

Statement 2
Incorrect
It functions under the Ministry of Micro, Small and Medium Enterprises.

Statement 3
Correct
Project BOLD was launched by Khadi and Village Industries Commission (KVIC) & BSF in Jaisalmer to Prevent Desertification and Support Rural Economy. The objective of this project is to create bamboo-based green patches in arid and semi-arid land zones, To reduce desertification and provide livelihood and multi-disciplinary rural industry support.

Context: Recently Project BOLD was launched by KVIC & BSF.

Statement Analysis:
Statement 1
Incorrect
Flow of warm, salty water in the upper layers of the ocean northwards from the Gulf of Mexico .This is made up of the “Gulf Stream” to the south and the “North Atlantic Current” further north

Statement 2
Incorrect
Cooling of water in the high latitudes of the Atlantic, which makes the water denser. This denser water then sinks and returns southwards towards tropics and then to the South Atlantic as a bottom current.

Context- It is very likely that AMOC will decline over the 21st century, according to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change.

Statement Analysis:
Statement 1
Correct
A conjugate vaccine is a type of subunit vaccine which combines a weak antigen with a strong antigen as a carrier so that the immune system has a stronger response to the weak antigen.

Statement 2
Incorrect
The method of vaccine delivery is intramuscular that is in vivo. Ex vivo is not possible in conjugate vaccines.

Context- Recently, the Chief Minister of Andhra Pradesh has launched Pneumococcal Conjugate Vaccine (PCV) immunisation drive for infants.

‘Right to be forgotten’ is an intrinsic part of Article 21. In 2017, the Right to Privacy was declared a fundamental right (under Article 21) by the Supreme Court in its landmark verdict (Puttuswamy case).
Context- A celebrity has approached Delhi High Court seeking removal of his videos, photographs and articles from the internet citing ‘Right to be forgotten’

Statement Analysis:
Statement 1
Incorrect
The scheme will have a special focus on Northeast region and the Andaman and Nicobar Islands. But, there’s no focus on region surrounding tropical evergreen forests per se.

Statement 2
Correct
The Government of India will give a price assurance to the oil palm farmers for the FFBs. This will be known as the Viability Price (VP). This VP shall be the annual average CPO price of the last 5 years adjusted with the wholesale price index to be multiplied by 14.3 %.  This will be fixed yearly for the oil palm year from 1st November to 31st October

Statement 3
Incorrect
The scheme comes under the Ministry of Agriculture and Family Welfare

Context- NMEO – OP was launched recently

Statement Analysis:
Statement 1
Incorrect
In India, preventive detention is for a maximum period of three months, a limit which can be changed by the Parliament. According to Preventive Detention Act 1950, it can be extended beyond three months up to a total of twelve months, only on the favourable recommendation of an advisory board, made up of High Court judges or persons eligible to be appointed High Court judges

Statement 2
Incorrect
India is one of the few countries in the world whose Constitution allows for preventive detention during peacetime without safeguards that elsewhere are understood to be basic requirements for protecting fundamental human rights.

Statement 3
Incorrect
India’s National Security Act of 1980 empowers the Central Government and State Governments to detain a person to prevent him/her from acting in any manner prejudicial to the security of India, the relations of India with foreign countries, the maintenance of public order, or the maintenance of supplies and services essential to the community it is necessary so to do

Context – There was a Telangana High Court judgement on Preventive Detention