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Test: CLAT Mock Test - 10 - CLAT MCQ


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Test: CLAT Mock Test - 10 - Question 1

Directions: Kindly read the passage carefully and answer the questions given beside.

Today, while social conservative critics at times bemoan this state of affairs, suggesting that dependence on the state breeds social isolation and loneliness, studies show that the elderly themselves appear to benefit. Not only do the elderly in Sweden and the other Nordic countries report higher degrees of happiness, but they are also more satisfied with their social networks. This research furthermore points to what is the essence of the Swedish theory of love, namely that social relations are voluntary, not ascribed – based not on duty but on free choice.

An appropriate example is the logic underpinning the Swedish tax code. In 1971, joint taxation was eliminated in favour of strict individual taxation. The idea was that at a time when women began to flock to the labour market, joint taxation presented an obstacle in the form of a negative incentive. If a woman began to earn money, her income would be added to that of the husband, and in an era of progressive taxation that meant the woman’s income effectively would be subject to a higher tax. Add to this that before the 1970s there was no universal, tax-financed childcare yet in Sweden, meaning that such care – without which it would be impossible for both husband and wife to work – had to be paid for privately, a costly proposition.

The introduction of strict individual taxation – there was no option to select joint taxation – and, over time, universal daycare, created the conditions for women to enter the workforce en masse. This in turn gave them the economic independence without which talk of gender equality would only amount to rhetoric. These reforms, to which can be added the world’s first law criminalising the spanking of children, even at home, and the legalising of gender-neutral marriage, meant that the family became more and more of a voluntary society, rather than the old-fashioned traditional family characterised by patriarchal power relations. To be sure, these reforms, which one perceptive writer has referred to as a ‘bloodless revolution’, created opposition. One group called the Family Campaign collected some 60,000 signatures from irate housewives and religious conservatives to protest the new tax law. But, generally, support far exceeded opposition and the days of the Swedish housewife were indeed numbered.

Q. What was the primary reason behind eliminating joint taxation in Sweden in 1971?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 1

The passage explains that joint taxation was eliminated in Sweden in 1971 to remove a negative incentive for women entering the labor market. Under joint taxation, if a woman began to earn money, her income would be added to that of her husband, resulting in higher taxes on her income. Eliminating joint taxation aimed to encourage women to work without facing this tax penalty.

Test: CLAT Mock Test - 10 - Question 2

Directions: Kindly read the passage carefully and answer the questions given beside.

Today, while social conservative critics at times bemoan this state of affairs, suggesting that dependence on the state breeds social isolation and loneliness, studies show that the elderly themselves appear to benefit. Not only do the elderly in Sweden and the other Nordic countries report higher degrees of happiness, but they are also more satisfied with their social networks. This research furthermore points to what is the essence of the Swedish theory of love, namely that social relations are voluntary, not ascribed – based not on duty but on free choice.

An appropriate example is the logic underpinning the Swedish tax code. In 1971, joint taxation was eliminated in favour of strict individual taxation. The idea was that at a time when women began to flock to the labour market, joint taxation presented an obstacle in the form of a negative incentive. If a woman began to earn money, her income would be added to that of the husband, and in an era of progressive taxation that meant the woman’s income effectively would be subject to a higher tax. Add to this that before the 1970s there was no universal, tax-financed childcare yet in Sweden, meaning that such care – without which it would be impossible for both husband and wife to work – had to be paid for privately, a costly proposition.

The introduction of strict individual taxation – there was no option to select joint taxation – and, over time, universal daycare, created the conditions for women to enter the workforce en masse. This in turn gave them the economic independence without which talk of gender equality would only amount to rhetoric. These reforms, to which can be added the world’s first law criminalising the spanking of children, even at home, and the legalising of gender-neutral marriage, meant that the family became more and more of a voluntary society, rather than the old-fashioned traditional family characterised by patriarchal power relations. To be sure, these reforms, which one perceptive writer has referred to as a ‘bloodless revolution’, created opposition. One group called the Family Campaign collected some 60,000 signatures from irate housewives and religious conservatives to protest the new tax law. But, generally, support far exceeded opposition and the days of the Swedish housewife were indeed numbered.

Q. What drove the implementation of strict individual taxation in Sweden?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 2

The passage highlights that the implementation of strict individual taxation in Sweden was intended to eliminate the disincentive for women to join the workforce. Joint taxation posed a barrier because it resulted in higher taxes on a woman's income when combined with her husband's earnings. The goal of the tax reform was to establish an environment conducive to women achieving financial autonomy, as indicated in option D.

Therefore, option D is the accurate response.

Test: CLAT Mock Test - 10 - Question 3

Directions: Kindly read the passage carefully and answer the questions given beside.

Today, while social conservative critics at times bemoan this state of affairs, suggesting that dependence on the state breeds social isolation and loneliness, studies show that the elderly themselves appear to benefit. Not only do the elderly in Sweden and the other Nordic countries report higher degrees of happiness, but they are also more satisfied with their social networks. This research furthermore points to what is the essence of the Swedish theory of love, namely that social relations are voluntary, not ascribed – based not on duty but on free choice.

An appropriate example is the logic underpinning the Swedish tax code. In 1971, joint taxation was eliminated in favour of strict individual taxation. The idea was that at a time when women began to flock to the labour market, joint taxation presented an obstacle in the form of a negative incentive. If a woman began to earn money, her income would be added to that of the husband, and in an era of progressive taxation that meant the woman’s income effectively would be subject to a higher tax. Add to this that before the 1970s there was no universal, tax-financed childcare yet in Sweden, meaning that such care – without which it would be impossible for both husband and wife to work – had to be paid for privately, a costly proposition.

The introduction of strict individual taxation – there was no option to select joint taxation – and, over time, universal daycare, created the conditions for women to enter the workforce en masse. This in turn gave them the economic independence without which talk of gender equality would only amount to rhetoric. These reforms, to which can be added the world’s first law criminalising the spanking of children, even at home, and the legalising of gender-neutral marriage, meant that the family became more and more of a voluntary society, rather than the old-fashioned traditional family characterised by patriarchal power relations. To be sure, these reforms, which one perceptive writer has referred to as a ‘bloodless revolution’, created opposition. One group called the Family Campaign collected some 60,000 signatures from irate housewives and religious conservatives to protest the new tax law. But, generally, support far exceeded opposition and the days of the Swedish housewife were indeed numbered.

Q. Which of the following statements contradicts the notion that the Swedish tax code played a role in promoting women's economic independence?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 3

The passage presents the Swedish tax code as a means to empower women economically by eliminating hindrances. Nevertheless, option A counters this assertion by proposing that the implementation of strict individual taxation placed additional financial pressures on families. This undermines the notion that the tax code directly contributed to women's financial independence.

Thus, option A stands as the accurate response.

Test: CLAT Mock Test - 10 - Question 4

Directions: Kindly read the passage carefully and answer the questions given beside.

Today, while social conservative critics at times bemoan this state of affairs, suggesting that dependence on the state breeds social isolation and loneliness, studies show that the elderly themselves appear to benefit. Not only do the elderly in Sweden and the other Nordic countries report higher degrees of happiness, but they are also more satisfied with their social networks. This research furthermore points to what is the essence of the Swedish theory of love, namely that social relations are voluntary, not ascribed – based not on duty but on free choice.

An appropriate example is the logic underpinning the Swedish tax code. In 1971, joint taxation was eliminated in favour of strict individual taxation. The idea was that at a time when women began to flock to the labour market, joint taxation presented an obstacle in the form of a negative incentive. If a woman began to earn money, her income would be added to that of the husband, and in an era of progressive taxation that meant the woman’s income effectively would be subject to a higher tax. Add to this that before the 1970s there was no universal, tax-financed childcare yet in Sweden, meaning that such care – without which it would be impossible for both husband and wife to work – had to be paid for privately, a costly proposition.

The introduction of strict individual taxation – there was no option to select joint taxation – and, over time, universal daycare, created the conditions for women to enter the workforce en masse. This in turn gave them the economic independence without which talk of gender equality would only amount to rhetoric. These reforms, to which can be added the world’s first law criminalising the spanking of children, even at home, and the legalising of gender-neutral marriage, meant that the family became more and more of a voluntary society, rather than the old-fashioned traditional family characterised by patriarchal power relations. To be sure, these reforms, which one perceptive writer has referred to as a ‘bloodless revolution’, created opposition. One group called the Family Campaign collected some 60,000 signatures from irate housewives and religious conservatives to protest the new tax law. But, generally, support far exceeded opposition and the days of the Swedish housewife were indeed numbered.

Q. According to the passage, what fundamental idea characterizes the Swedish theory of love?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 4

According to the passage, the Swedish theory of love emphasizes that social relations are voluntary, not ascribed. This means that love and relationships in Sweden are based on free choice rather than duty or obligation, as stated in option c.

Hence, option C is the correct answer.

Test: CLAT Mock Test - 10 - Question 5

Directions: Kindly read the passage carefully and answer the questions given beside.

Today, while social conservative critics at times bemoan this state of affairs, suggesting that dependence on the state breeds social isolation and loneliness, studies show that the elderly themselves appear to benefit. Not only do the elderly in Sweden and the other Nordic countries report higher degrees of happiness, but they are also more satisfied with their social networks. This research furthermore points to what is the essence of the Swedish theory of love, namely that social relations are voluntary, not ascribed – based not on duty but on free choice.

An appropriate example is the logic underpinning the Swedish tax code. In 1971, joint taxation was eliminated in favour of strict individual taxation. The idea was that at a time when women began to flock to the labour market, joint taxation presented an obstacle in the form of a negative incentive. If a woman began to earn money, her income would be added to that of the husband, and in an era of progressive taxation that meant the woman’s income effectively would be subject to a higher tax. Add to this that before the 1970s there was no universal, tax-financed childcare yet in Sweden, meaning that such care – without which it would be impossible for both husband and wife to work – had to be paid for privately, a costly proposition.

The introduction of strict individual taxation – there was no option to select joint taxation – and, over time, universal daycare, created the conditions for women to enter the workforce en masse. This in turn gave them the economic independence without which talk of gender equality would only amount to rhetoric. These reforms, to which can be added the world’s first law criminalising the spanking of children, even at home, and the legalising of gender-neutral marriage, meant that the family became more and more of a voluntary society, rather than the old-fashioned traditional family characterised by patriarchal power relations. To be sure, these reforms, which one perceptive writer has referred to as a ‘bloodless revolution’, created opposition. One group called the Family Campaign collected some 60,000 signatures from irate housewives and religious conservatives to protest the new tax law. But, generally, support far exceeded opposition and the days of the Swedish housewife were indeed numbered.

Q. How did the introduction of strict individual taxation and universal daycare impact women in Sweden?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 5

The passage describes that the introduction of strict individual taxation and universal daycare had a significant positive impact on women in Sweden. These reforms allowed women to enter the workforce in large numbers, as they no longer faced the burden of higher taxes on their incomes, and they had access to affordable childcare. As a result, women gained economic independence, which was essential for achieving gender equality. These reforms transformed the traditional family structure characterized by patriarchal power relations into a more voluntary society, where women had greater autonomy and opportunities for work.

Test: CLAT Mock Test - 10 - Question 6

Directions: Kindly read the passage carefully and answer the questions given beside.

Supporting women in tech has been my ongoing aim as a woman tech founder. Thus, I am excited to see an increase in women’s participation in the workforce. According to a study conducted by 451 Research in 2022, women comprise 34% of the Indian IT workforce. Further, India has achieved a 50:50 gender balance in STEM (Science, technology, engineering, and mathematics) education.

However, the same study reports only 51% of women are recruited for entry-level positions. The numbers drop to 25% of women in management positions, and only 1% hold C-suite positions. There is a significant gender gap in employment and leadership opportunities, wages, and workplace perception, among other things.

The current situation requires immediate change that can only be achieved through reordering internal departments, and corporate policies and revamping the business ecosystem. However, the aim to enhance the participation of women in the tech industry will remain incomplete without adequately representing women in policymaking. Though the government has introduced many initiatives (like The Startup India Program) targeting up-skilling and reskilling, education, and finance management for women, exposing them to international markets and trade is necessary.

More initiatives to neutralise the prevailing gender inequality in industries like IT and BFSI are required to create an impartial and prejudice-free work environment. To continue its economic growth, India requires two things –first, stronger entrepreneurial contributions, and second, equal opportunities for men and women to compete for and win projects based on abilities and merit.

Underrepresentation of women in tech roles not only widens the gender gap but also limits the scope of companies to sustain themselves in a competitive market. Going by McKinsey and Company’s ‘Why Diversity Matters’ report, businesses prioritising gender diversity achieve superior financial returns than those failing to promote gender equality. Companies must widen their talent pools in a competitive market dominated by skill gaps through a better gender equality approach.

Unfortunately, engineering and core STEM jobs are still seen as male-dominated professions keeping women away from the numerous opportunities in artificial intelligence, data analytics, and robotics. Adding insult to injury, the prevalence of bias in the tech industry worsens the situation. Whether conscious or unconscious, such biases often lead to subtle discrimination with damaging consequences for women employees and businesses. Owing to this, deserving women candidates are excluded from projects, promotions, and leadership opportunities.

Q. Which of the following statements most accurately summarizes the central theme of the passage?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 6

The passage examines the growth of women's involvement in the workforce and STEM education while also underlining the gender disparity present in employment and leadership roles. It underscores the necessity for change and the implementation of diverse initiatives to advance gender equality within the technology sector. Option A effectively encapsulates the primary message by highlighting both the increased participation and the persistent gender inequality.

Therefore, option A is the accurate choice.

Test: CLAT Mock Test - 10 - Question 7

Directions: Kindly read the passage carefully and answer the questions given beside.

Supporting women in tech has been my ongoing aim as a woman tech founder. Thus, I am excited to see an increase in women’s participation in the workforce. According to a study conducted by 451 Research in 2022, women comprise 34% of the Indian IT workforce. Further, India has achieved a 50:50 gender balance in STEM (Science, technology, engineering, and mathematics) education.

However, the same study reports only 51% of women are recruited for entry-level positions. The numbers drop to 25% of women in management positions, and only 1% hold C-suite positions. There is a significant gender gap in employment and leadership opportunities, wages, and workplace perception, among other things.

The current situation requires immediate change that can only be achieved through reordering internal departments, and corporate policies and revamping the business ecosystem. However, the aim to enhance the participation of women in the tech industry will remain incomplete without adequately representing women in policymaking. Though the government has introduced many initiatives (like The Startup India Program) targeting up-skilling and reskilling, education, and finance management for women, exposing them to international markets and trade is necessary.

More initiatives to neutralise the prevailing gender inequality in industries like IT and BFSI are required to create an impartial and prejudice-free work environment. To continue its economic growth, India requires two things –first, stronger entrepreneurial contributions, and second, equal opportunities for men and women to compete for and win projects based on abilities and merit.

Underrepresentation of women in tech roles not only widens the gender gap but also limits the scope of companies to sustain themselves in a competitive market. Going by McKinsey and Company’s ‘Why Diversity Matters’ report, businesses prioritising gender diversity achieve superior financial returns than those failing to promote gender equality. Companies must widen their talent pools in a competitive market dominated by skill gaps through a better gender equality approach.

Unfortunately, engineering and core STEM jobs are still seen as male-dominated professions keeping women away from the numerous opportunities in artificial intelligence, data analytics, and robotics. Adding insult to injury, the prevalence of bias in the tech industry worsens the situation. Whether conscious or unconscious, such biases often lead to subtle discrimination with damaging consequences for women employees and businesses. Owing to this, deserving women candidates are excluded from projects, promotions, and leadership opportunities.

Q. According to the passage, what is a necessary condition for India to sustain its economic growth?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 7

The passage mentions that for India to continue its economic growth, two things are required: stronger entrepreneurial contributions and equal opportunities for men and women to compete for and win projects based on abilities and merit. Option B reflects one of these requirements.

Hence, option B is the correct answer.

Test: CLAT Mock Test - 10 - Question 8

Directions: Kindly read the passage carefully and answer the questions given beside.

Supporting women in tech has been my ongoing aim as a woman tech founder. Thus, I am excited to see an increase in women’s participation in the workforce. According to a study conducted by 451 Research in 2022, women comprise 34% of the Indian IT workforce. Further, India has achieved a 50:50 gender balance in STEM (Science, technology, engineering, and mathematics) education.

However, the same study reports only 51% of women are recruited for entry-level positions. The numbers drop to 25% of women in management positions, and only 1% hold C-suite positions. There is a significant gender gap in employment and leadership opportunities, wages, and workplace perception, among other things.

The current situation requires immediate change that can only be achieved through reordering internal departments, and corporate policies and revamping the business ecosystem. However, the aim to enhance the participation of women in the tech industry will remain incomplete without adequately representing women in policymaking. Though the government has introduced many initiatives (like The Startup India Program) targeting up-skilling and reskilling, education, and finance management for women, exposing them to international markets and trade is necessary.

More initiatives to neutralise the prevailing gender inequality in industries like IT and BFSI are required to create an impartial and prejudice-free work environment. To continue its economic growth, India requires two things –first, stronger entrepreneurial contributions, and second, equal opportunities for men and women to compete for and win projects based on abilities and merit.

Underrepresentation of women in tech roles not only widens the gender gap but also limits the scope of companies to sustain themselves in a competitive market. Going by McKinsey and Company’s ‘Why Diversity Matters’ report, businesses prioritising gender diversity achieve superior financial returns than those failing to promote gender equality. Companies must widen their talent pools in a competitive market dominated by skill gaps through a better gender equality approach.

Unfortunately, engineering and core STEM jobs are still seen as male-dominated professions keeping women away from the numerous opportunities in artificial intelligence, data analytics, and robotics. Adding insult to injury, the prevalence of bias in the tech industry worsens the situation. Whether conscious or unconscious, such biases often lead to subtle discrimination with damaging consequences for women employees and businesses. Owing to this, deserving women candidates are excluded from projects, promotions, and leadership opportunities.

Q. What inference can be drawn from the information provided in the passage?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 8

The passage cites McKinsey and Company's report, which indicates that companies emphasizing gender diversity attain better financial outcomes. This implies a favorable connection between gender diversity and long-term prosperity in a competitive market, thus supporting option B as the accurate inference from the passage.

Therefore, option B is the appropriate choice.

Test: CLAT Mock Test - 10 - Question 9

Directions: Kindly read the passage carefully and answer the questions given beside.

Supporting women in tech has been my ongoing aim as a woman tech founder. Thus, I am excited to see an increase in women’s participation in the workforce. According to a study conducted by 451 Research in 2022, women comprise 34% of the Indian IT workforce. Further, India has achieved a 50:50 gender balance in STEM (Science, technology, engineering, and mathematics) education.

However, the same study reports only 51% of women are recruited for entry-level positions. The numbers drop to 25% of women in management positions, and only 1% hold C-suite positions. There is a significant gender gap in employment and leadership opportunities, wages, and workplace perception, among other things.

The current situation requires immediate change that can only be achieved through reordering internal departments, and corporate policies and revamping the business ecosystem. However, the aim to enhance the participation of women in the tech industry will remain incomplete without adequately representing women in policymaking. Though the government has introduced many initiatives (like The Startup India Program) targeting up-skilling and reskilling, education, and finance management for women, exposing them to international markets and trade is necessary.

More initiatives to neutralise the prevailing gender inequality in industries like IT and BFSI are required to create an impartial and prejudice-free work environment. To continue its economic growth, India requires two things –first, stronger entrepreneurial contributions, and second, equal opportunities for men and women to compete for and win projects based on abilities and merit.

Underrepresentation of women in tech roles not only widens the gender gap but also limits the scope of companies to sustain themselves in a competitive market. Going by McKinsey and Company’s ‘Why Diversity Matters’ report, businesses prioritising gender diversity achieve superior financial returns than those failing to promote gender equality. Companies must widen their talent pools in a competitive market dominated by skill gaps through a better gender equality approach.

Unfortunately, engineering and core STEM jobs are still seen as male-dominated professions keeping women away from the numerous opportunities in artificial intelligence, data analytics, and robotics. Adding insult to injury, the prevalence of bias in the tech industry worsens the situation. Whether conscious or unconscious, such biases often lead to subtle discrimination with damaging consequences for women employees and businesses. Owing to this, deserving women candidates are excluded from projects, promotions, and leadership opportunities.

Q. What is the meaning of the word "prevalence" as used in the passage?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 9

The correct answer is B) A situation that is common or widespread. In the passage, "prevalence" is used to describe the common presence or widespread occurrence of bias in the tech industry.

Test: CLAT Mock Test - 10 - Question 10

Directions: Kindly read the passage carefully and answer the questions given beside.

Supporting women in tech has been my ongoing aim as a woman tech founder. Thus, I am excited to see an increase in women’s participation in the workforce. According to a study conducted by 451 Research in 2022, women comprise 34% of the Indian IT workforce. Further, India has achieved a 50:50 gender balance in STEM (Science, technology, engineering, and mathematics) education.

However, the same study reports only 51% of women are recruited for entry-level positions. The numbers drop to 25% of women in management positions, and only 1% hold C-suite positions. There is a significant gender gap in employment and leadership opportunities, wages, and workplace perception, among other things.

The current situation requires immediate change that can only be achieved through reordering internal departments, and corporate policies and revamping the business ecosystem. However, the aim to enhance the participation of women in the tech industry will remain incomplete without adequately representing women in policymaking. Though the government has introduced many initiatives (like The Startup India Program) targeting up-skilling and reskilling, education, and finance management for women, exposing them to international markets and trade is necessary.

More initiatives to neutralise the prevailing gender inequality in industries like IT and BFSI are required to create an impartial and prejudice-free work environment. To continue its economic growth, India requires two things –first, stronger entrepreneurial contributions, and second, equal opportunities for men and women to compete for and win projects based on abilities and merit.

Underrepresentation of women in tech roles not only widens the gender gap but also limits the scope of companies to sustain themselves in a competitive market. Going by McKinsey and Company’s ‘Why Diversity Matters’ report, businesses prioritising gender diversity achieve superior financial returns than those failing to promote gender equality. Companies must widen their talent pools in a competitive market dominated by skill gaps through a better gender equality approach.

Unfortunately, engineering and core STEM jobs are still seen as male-dominated professions keeping women away from the numerous opportunities in artificial intelligence, data analytics, and robotics. Adding insult to injury, the prevalence of bias in the tech industry worsens the situation. Whether conscious or unconscious, such biases often lead to subtle discrimination with damaging consequences for women employees and businesses. Owing to this, deserving women candidates are excluded from projects, promotions, and leadership opportunities.

Q. Which of the following cannot be inferred from the passage?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 10

The correct answer is C) The government has successfully eliminated all gender inequalities in the tech industry. This information is not explicitly mentioned in the passage, and there is no indication of complete elimination of gender inequalities.

Test: CLAT Mock Test - 10 - Question 11

What improvement has been made to the Citizen’s Corner portal?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 11

The Citizen’s Corner portal now provides a comprehensive resource for tax rules and compliance.

Test: CLAT Mock Test - 10 - Question 12

What does the CBIC’s digital archive showcase?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 12

The digital archive highlights the history of indirect taxes in India.

Test: CLAT Mock Test - 10 - Question 13

Where is SLINEX 2024 taking place?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 13

SLINEX 2024 is being conducted off the coast of Visakhapatnam.

Test: CLAT Mock Test - 10 - Question 14

When was the first SLINEX exercise conducted?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 14

SLINEX began in 2005 as a bilateral naval exercise.

Test: CLAT Mock Test - 10 - Question 15

What are the two phases of SLINEX 2024?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 15

 SLINEX 2024 consists of the Harbour Phase and the Sea Phase.

Test: CLAT Mock Test - 10 - Question 16

What activities are planned during the Harbour Phase?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 16

The Harbour Phase involves professional and social activities to enhance mutual understanding.

Test: CLAT Mock Test - 10 - Question 17

Which Indian naval vessel is participating in SLINEX 2024?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 17

India is represented by the patrol vessel INS Sumitra.

Test: CLAT Mock Test - 10 - Question 18

From January 1, what is the new collateral-free loan limit announced by the RBI for farmers?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 18

The RBI raised the collateral-free loan limit to ₹2 lakh.

Test: CLAT Mock Test - 10 - Question 19

What percentage of farmers is expected to benefit from the increased loan limit?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 19

Over 86% of farmers will benefit from the increased collateral-free loan limit.

Test: CLAT Mock Test - 10 - Question 20

Why has the RBI increased the collateral-free loan limit?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 20

The increase aims to support small and marginal farmers facing escalating farming costs.

Test: CLAT Mock Test - 10 - Question 21

How much interest is charged under the Modified Interest Subvention Scheme for loans up to ₹3 lakh?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 21

Loans up to ₹3 lakh under the scheme are offered at a reduced interest rate of 4%.

Test: CLAT Mock Test - 10 - Question 22

Which banking product helps farmers access credit for their agricultural needs?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 22

Kisan Credit Card (KCC) loans provide farmers with essential credit for agricultural activities.

Test: CLAT Mock Test - 10 - Question 23

What is the most-favored-nation (MFN) clause in a tax agreement designed to ensure?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 23

The MFN clause ensures equal tax treatment among all countries that are part of the agreement.

Test: CLAT Mock Test - 10 - Question 24

When did India and Switzerland first establish their tax agreement?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 24

India and Switzerland signed their first tax agreement in 1994.

Test: CLAT Mock Test - 10 - Question 25

From January 1, 2025, what will be the new tax rate on dividends for Indian companies in Switzerland?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 25

 The tax rate on dividends for Indian companies in Switzerland will increase to 10%.

Test: CLAT Mock Test - 10 - Question 26

What was the reason for Switzerland removing the MFN clause from its tax agreement with India?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 26

The Indian Supreme Court ruled that the MFN clause does not automatically apply to countries joining the OECD after a treaty, leading Switzerland to remove the provision.

Test: CLAT Mock Test - 10 - Question 27

What was the Supreme Court's ruling regarding the MFN clause in 2023 related to?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 27

The Supreme Court ruling on the MFN clause was made in relation to the Nestle case.

Test: CLAT Mock Test - 10 - Question 28

What does the 14th Amendment to the U.S. Constitution guarantee?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 28

The 14th Amendment guarantees automatic citizenship to anyone born on U.S. soil, regardless of their parents' citizenship.

Test: CLAT Mock Test - 10 - Question 29

What is one of the main reasons critics oppose birthright citizenship?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 29

 Critics argue that birthright citizenship is exploited through "birth tourism," where non-citizens travel to the U.S. to give birth.

Test: CLAT Mock Test - 10 - Question 30

Approximately how many Indian Americans born in the U.S. could be affected by ending birthright citizenship?

Detailed Solution for Test: CLAT Mock Test - 10 - Question 30

About 1.6 million Indian Americans born in the U.S. might lose citizenship if birthright citizenship is revoked.

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