UPSC PRELIMSGeneral Studies 12024

UPSC PRELIMS - General Studies 1 (2024)

Download and solve UPSC PRELIMS General Studies 1 question paper for 2024. Free English medium medium difficulty paper with model answers and explanations on Plainscan.

Question Paper

Question 1

singleGeneral
2 Marks
Consider the following statements: Statement-I: The atmosphere is heated more by incoming solar radiation than by terrestrial radiation. Statement-II: Carbon dioxide and other greenhouse gases in the atmosphere are good absorbers of long wave radiation. Which one of the following is correct?
A.Both Statement-I and II are correct and Statement-II explains Statement-I
B.Both Statement-I and II are correct, but Statement-II does NOT explain Statement-I
C.Statement-I is correct, but Statement-II is incorrect
D.Statement-I is incorrect, but Statement-II is correct
Correct Answer: D(Statement-I is incorrect, but Statement-II is correct)
Explanation:Statement-I is incorrect — the atmosphere is heated MORE by terrestrial (long-wave) radiation. Statement-II is correct — CO₂ and GHGs absorb long-wave radiation.

Question 2

singleGeneral
2 Marks
Consider the following statements: Statement-I: Thickness of the troposphere at the equator is much greater as compared to poles. Statement-II: At the equator, heat is transported to great heights by strong convectional currents. Which one of the following is correct?
A.Both Statement-I and II are correct and Statement-II explains Statement-I
B.Both Statement-I and II are correct, but Statement-II does NOT explain Statement-I
C.Statement-I is correct, but Statement-II is incorrect
D.Statement-I is incorrect, but Statement-II is correct
Correct Answer: A(Both Statement-I and II are correct and Statement-II explains Statement-I)
Explanation:Both are correct. Strong convectional currents at the equator push the tropopause higher, explaining greater troposphere thickness.

Question 3

singleGeneral
2 Marks
Consider the following: 1. Pyroclastic debris 2. Ash and dust 3. Nitrogen compounds 4. Sulphur compounds How many of the above are products of volcanic eruptions?
A.Only one
B.Only two
C.Only three
D.All four
Correct Answer: D(All four)
Explanation:All four — pyroclastic debris, ash/dust, nitrogen compounds, and sulphur compounds (SO₂) are all volcanic eruption products.

Question 4

singleGeneral
2 Marks
Which of the following is/are correct inference/inferences from isothermal maps in the month of January? 1. The isotherms deviate to the north over the ocean and to the south over the continent. 2. The presence of cold ocean currents, Gulf Stream and North Atlantic Drift make the North Atlantic Ocean colder and the isotherms bend towards the north.
A.1 only
B.2 only
C.Both 1 and 2
D.Neither 1 nor 2
Correct Answer: A(1 only)
Explanation:In January (Northern Hemisphere winter), isotherms bend northward over oceans (warmer) and southward over continents (colder). Statement 2 is incorrect — Gulf Stream and North Atlantic Drift are WARM currents.

Question 5

singleGeneral
2 Marks
Which of the following countries are well known as the two largest cocoa producers in the world?
A.Algeria and Morocco
B.Botswana and Namibia
C.Côte d'Ivoire and Ghana
D.Madagascar and Mozambique
Correct Answer: C(Côte d'Ivoire and Ghana)
Explanation:Côte d'Ivoire (Ivory Coast) and Ghana together account for over 60% of global cocoa production.

Question 6

singleGeneral
2 Marks
With reference to the Himalayan rivers joining the Ganga downstream of Prayagraj from West to East, which one of the following sequences is correct?
A.Ghaghara – Gomati – Gandak – Kosi
B.Gomati – Ghaghara – Gandak – Kosi
C.Ghaghara – Gomati – Kosi – Gandak
D.Gomati – Ghaghara – Kosi – Gandak
Correct Answer: B(Gomati – Ghaghara – Gandak – Kosi)
Explanation:From west to east downstream of Prayagraj: Gomati, Ghaghara, Gandak, Kosi.

Question 7

singleGeneral
2 Marks
Consider the following statements: Statement-I: Rainfall is one of the reasons for weathering of rocks. Statement-II: Rain water contains carbon dioxide in solution. Statement-III: Rain water contains atmospheric oxygen. Which one of the following is correct?
A.Both Statement-II and III are correct and both explain Statement-I
B.Both Statement-II and III are correct, but only one explains Statement-I
C.Only one of Statements II and III is correct and that explains Statement-I
D.Neither Statement-II nor Statement-III is correct
Correct Answer: B(Both Statement-II and III are correct, but only one explains Statement-I)
Explanation:Both II and III are correct — rainwater dissolves CO₂ (carbonic acid) and atmospheric oxygen, both contributing to weathering. But primarily CO₂ (chemical weathering) explains Statement-I.

Question 8

singleGeneral
2 Marks
Consider the following countries: 1. Finland 2. Germany 3. Norway 4. Russia How many of the above countries have a border with the North Sea?
A.Only one
B.Only two
C.Only three
D.All four
Correct Answer: B(Only two)
Explanation:Only Germany and Norway border the North Sea. Finland borders the Baltic Sea; Russia does not border the North Sea.

Question 9

singleGeneral
2 Marks
Consider the following information: In how many of the below rows is the given information correctly matched?
Question Image
A.Only one
B.Only two
C.All three
D.none
Correct Answer: B(Only two)
Explanation:Dhuandhar falls are on the Narmada (Malwa plateau) ✓; Hundru falls are on the Subarnarekha in Chota Nagpur ✓; Gersoppa (Jog Falls) is on the Sharavathi river, NOT Netravati ✗.

Question 10

singleGeneral
2 Marks
Consider the following information: In how many of the below rows is the given information correctly matched?
Question Image
A.Only one
B.Only two
C.Only three
D.All four
Correct Answer: B(Only two)
Explanation:Vosges (Central Asia) is a Block/Horst mountain ✗; Alps (Europe) are Fold mountains ✗; Appalachians are Fold mountains ✓; Andes are Fold mountains ✓. So only 2 are correct (rows 3 and 4).

Question 11

singleGeneral
2 Marks
Consider the following airports: 1. Donyi Polo Airport 2. Kushinagar International Airport 3. Vijayawada International Airport In the recent past, which of the above have been constructed as Greenfield projects?
A.1 and 2 only
B.2 and 3 only
C.1 and 3 only
D.1, 2 and 3
Correct Answer: D(1, 2 and 3)
Explanation:All three — Donyi Polo (Itanagar), Kushinagar International, and Vijayawada International — are Greenfield airport projects.

Question 12

singleGeneral
2 Marks
With reference to 'water vapour', which of the following statements is/are correct? 1. It is a gas, the amount of which decreases with altitude. 2. Its percentage is maximum at the poles.
A.1 only
B.2 only
C.Both 1 and 2
D.Neither 1 nor 2
Correct Answer: A(1 only)
Explanation:Statement 1 is correct — water vapour decreases with altitude. Statement 2 is incorrect — water vapour is maximum near the equator (warm, humid), not the poles.

Question 13

singleGeneral
2 Marks
Consider the following description: 1. Annual and daily range of temperatures is low. 2. Precipitation occurs throughout the year. 3. Precipitation varies between 50 cm – 250 cm. What is this type of climate?
A.Equatorial climate
B.China type climate
C.Humid subtropical climate
D.Marine West coast climate
Correct Answer: D(Marine West coast climate)
Explanation:Marine West Coast climate (Cfb) has low temperature ranges, year-round precipitation, and rainfall between 50–250 cm due to westerly winds and ocean influence.

Question 14

singleGeneral
2 Marks
With reference to 'Coriolis force', which of the following statements is/are correct? 1. It increases with increase in wind velocity. 2. It is maximum at the poles and is absent at the equator.
A.1 only
B.2 only
C.Both 1 and 2
D.Neither 1 nor 2
Correct Answer: C(Both 1 and 2)
Explanation:Both are correct. Coriolis force = 2ΩV sinφ — it increases with wind velocity (V) and is maximum at poles (sinφ=1) and zero at equator (sinφ=0).

Question 15

singleGeneral
2 Marks
On June 21 every year, which of the following latitude(s) experience(s) a sunlight of more than 12 hours? 1. Equator 2. Tropic of Cancer 3. Tropic of Capricorn 4. Arctic Circle
A.1 only
B.2 only
C.3 and 4
D.2 and 4
Correct Answer: D(2 and 4)
Explanation:On June 21 (Summer Solstice in N. Hemisphere): Tropic of Cancer gets ~13.5 hrs, Arctic Circle gets 24 hrs. Equator gets exactly 12 hrs. Tropic of Capricorn gets less than 12 hrs.

Question 16

singleGeneral
2 Marks
One of the following regions has the world's largest tropical peatland, which holds about three years worth of global carbon emissions from fossil fuels; and the possible destruction of which can exert detrimental effect on the global climate. Which one of the following denotes that region?
A.Amazon Basin
B.Congo Basin
C.Kikori Basin
D.Rio de la Plata Basin
Correct Answer: B(Congo Basin)
Explanation:The Congo Basin in Central Africa contains the world's largest tropical peatland (Cuvette Centrale), discovered in 2017, holding ~30 billion tonnes of carbon.

Question 17

singleGeneral
2 Marks
With reference to perfluoroalkyl and polyfluoroalkyl substances (PFAS) used in making many consumer products, consider the following statements: 1. PFAS are found to be widespread in drinking water, food and food packaging materials. 2. PFAS are not easily degraded in the environment. 3. Persistent exposure to PFAS can lead to bioaccumulation in animal bodies. Which of the statements given above are correct?
A.1 and 2 only
B.2 and 3 only
C.1 and 3 only
D.1, 2 and 3
Correct Answer: D(1, 2 and 3)
Explanation:All three are correct. PFAS are 'forever chemicals' — widespread, persistent in environment, and bioaccumulate in organisms.

Question 18

singleGeneral
2 Marks
Consider the following: 1. Carabid beetles 2. Centipedes 3. Flies 4. Termites 5. Wasps Parasitoid species are found in how many of the above kind of organisms?
A.Only two
B.Only three
C.Only four
D.All five
Correct Answer: C(Only four)
Explanation:Parasitoid species are found in Carabid beetles, Flies, Wasps, and (some) Centipedes — at least 4 of the 5 groups contain parasitoids.

Question 19

singleGeneral
2 Marks
Consider the following plants: 1. Groundnut 2. Horse-gram 3. Soybean How many of the above belong to the pea family?
A.Only one
B.Only two
C.All three
D.none
Correct Answer: C(All three)
Explanation:All three — Groundnut (Arachis hypogaea), Horse-gram (Macrotyloma uniflorum), and Soybean (Glycine max) — belong to Fabaceae (pea/legume family).

Question 20

singleGeneral
2 Marks
Consider the following statements: Statement-I: The Indian Flying Fox is placed under the 'vermin' category in the Wild Life (Protection) Act, 1972. Statement-II: The Indian Flying Fox feeds on the blood of other animals. Which one of the following is correct?
A.Both Statement-I and II are correct and Statement-II explains Statement-I
B.Both Statement-I and II are correct, but Statement-II does NOT explain Statement-I
C.Statement-I is correct, but Statement-II is incorrect
D.Statement-I is incorrect, but Statement-II is correct
Correct Answer: C(Statement-I is correct, but Statement-II is incorrect)
Explanation:Statement-I is correct — Indian Flying Fox is listed as vermin. Statement-II is incorrect — it is a frugivore (fruit-eater), not a blood-feeder (that's vampire bats).

Question 21

singleGeneral
2 Marks
The organisms 'Cicada, Froghopper and Pond skater' are:
A.Birds
B.Fish
C.Insects
D.Reptiles
Correct Answer: C(Insects)
Explanation:All three — Cicada, Froghopper, and Pond skater — are insects (Class Insecta).

Question 22

singleGeneral
2 Marks
Consider the following statements: Statement-I: Many chewing gums found in the market are considered a source of environmental pollution. Statement-II: Many chewing gums contain plastic as gum base. Which one of the following is correct?
A.Both Statement-I and II are correct and Statement-II explains Statement-I
B.Both Statement-I and II are correct, but Statement-II does NOT explain Statement-I
C.Statement-I is correct, but Statement-II is incorrect
D.Statement-I is incorrect, but Statement-II is correct
Correct Answer: A(Both Statement-I and II are correct and Statement-II explains Statement-I)
Explanation:Both are correct and causally linked — plastic in gum base makes chewing gum a source of microplastic pollution.

Question 23

singleGeneral
2 Marks
Consider the following pairs: How many of the pairs given below are correctly matched?
Question Image
A.Only one
B.Only two
C.All three
D.none
Correct Answer: D(none)
Explanation:All are wrong: Indri is native to Madagascar; Elk are found in North America/Europe, not Indonesia; Bonobo is native to Congo (DRC), not Madagascar.

Question 24

singleGeneral
2 Marks
Consider the following statements regarding World Toilet Organization: 1. It is one of the agencies of the United Nations. 2. World Toilet Summit, World Toilet Day and World Toilet College are the initiatives of this organization. 3. The main focus of its function is to grant funds to the least developed countries. Which of the statements given above is/are correct?
A.2 only
B.3 only
C.1 and 2
D.2 and 3
Correct Answer: A(2 only)
Explanation:Statement 2 is correct. Statement 1 is wrong — WTO is an NGO, not a UN agency. Statement 3 is wrong — its focus is advocacy/awareness, not fund granting.

Question 25

singleGeneral
2 Marks
Consider the following statements: 1. Lions do not have a particular breeding season. 2. Unlike most other big cats, cheetahs do not roar. 3. Unlike male lions, male leopards do not proclaim their territory by scent marking. Which of the statements given above are correct?
A.1 and 2 only
B.2 and 3 only
C.1 and 3 only
D.1, 2 and 3
Correct Answer: A(1 and 2 only)
Explanation:Statements 1 and 2 are correct. Statement 3 is incorrect — leopards DO use scent marking to proclaim territory.

Question 26

singleGeneral
2 Marks
Which one of the following is the correct description of '100 Million Farmers'?
A.It is a platform for accelerating the transition towards food and water systems that are net-zero (carbon), nature-positive and aims to increase farmer resilience.
B.It is an international alliance and a network of individuals and farming organisations interested in supporting and strengthening the development of the organic animal husbandry.
C.It is a digital platform fully integrated with service providers and built on blockchain that lets buyers, sellers and third parties trade fertilizers quickly and securely.
D.It is a platform with the mission of encouraging the farmers to form Farmer Product Organisations or Agribusiness Consortiums.
Correct Answer: A(It is a platform for accelerating the transition towards food and water systems that are net-zero (carbon), nature-positive and aims to increase farmer resilience.)
Explanation:100 Million Farmers is a platform launched at WEF to accelerate transition to net-zero, nature-positive food and water systems, increasing farmer resilience.

Question 27

singleGeneral
2 Marks
Consider the following: 1. Battery storage 2. Biomass generators 3. Fuel cells 4. Rooftop solar photovoltaic units How many of the above are considered 'Distributed Energy Resources'?
A.Only one
B.Only two
C.Only three
D.All four
Correct Answer: D(All four)
Explanation:All four are Distributed Energy Resources (DERs) — small-scale energy generation or storage technologies located near the point of use.

Question 28

singleGeneral
2 Marks
Which one of the following shows a unique relationship with an insect that has coevolved with it and that is the only insect that can pollinate this tree?
A.Fig
B.Mahua
C.Sandalwood
D.Silk cotton
Correct Answer: A(Fig)
Explanation:Fig trees have a unique obligate mutualism with fig wasps (Agaonidae) — each fig species has a specific wasp species that is its sole pollinator.

Question 29

singleGeneral
2 Marks
Consider the following: 1. Butterflies 2. Fish 3. Frogs How many of the above have poisonous species among them?
A.Only one
B.Only two
C.All three
D.none
Correct Answer: C(All three)
Explanation:All three have poisonous species: poison dart frogs, pufferfish (fish), and certain poisonous butterflies (e.g., Monarch).

Question 30

singleGeneral
2 Marks
Consider the following: 1. Cashew 2. Papaya 3. Red sanders How many of the above trees are actually native to India?
A.Only one
B.Only two
C.All three
D.none
Correct Answer: A(Only one)
Explanation:Only Red sanders (Pterocarpus santalinus) is native to India (Eastern Ghats). Cashew is native to Brazil; Papaya is native to Central America.

Question 31

singleGeneral
2 Marks
With reference to radioisotope thermoelectric generators (RTGs), consider the following statements: 1. RTGs are miniature fission reactors. 2. RTGs are used for powering the onboard systems of spacecrafts. 3. RTGs can use Plutonium-238, which is a by-product of weapons development. Which of the statements given above are correct?
A.1 and 2 only
B.2 and 3 only
C.1 and 3 only
D.1, 2 and 3
Correct Answer: B(2 and 3 only)
Explanation:Statement 1 is incorrect — RTGs use radioactive decay (not fission). Statements 2 and 3 are correct — RTGs power spacecraft and use Pu-238 (a weapons by-product).

Question 32

singleGeneral
2 Marks
Consider the following statements: Statement-I: Giant stars live much longer than dwarf stars. Statement-II: Compared to dwarf stars, giant stars have a greater rate of nuclear reactions. Which one of the following is correct?
A.Both Statement-I and II are correct and Statement-II explains Statement-I
B.Both Statement-I and II are correct, but Statement-II does NOT explain Statement-I
C.Statement-I is correct, but Statement-II is incorrect
D.Statement-I is incorrect, but Statement-II is correct
Correct Answer: D(Statement-I is incorrect, but Statement-II is correct)
Explanation:Statement-I is incorrect — giant stars burn fuel faster and live SHORTER lives. Statement-II is correct — giant stars have higher nuclear reaction rates.

Question 33

singleGeneral
2 Marks
Which one of the following is synthesised in human body that dilates blood vessels and increases blood flow?
A.Nitric oxide
B.Nitrous oxide
C.Nitrogen dioxide
D.Nitrogen pentoxide
Correct Answer: A(Nitric oxide)
Explanation:Nitric oxide (NO) is an endogenous vasodilator synthesized by endothelial cells, causing smooth muscle relaxation and increased blood flow.

Question 34

singleGeneral
2 Marks
Consider the following activities: 1. Identification of narcotics on passengers at airports or in aircraft 2. Monitoring of precipitation 3. Tracking the migration of animals In how many of the above activities can the radars be used?
A.Only one
B.Only two
C.All three
D.none
Correct Answer: B(Only two)
Explanation:Radars can monitor precipitation (weather radar) and track animal migration. Narcotics identification uses chemical detectors/scanners, not radar.

Question 35

singleGeneral
2 Marks
Consider the following aircraft: 1. Rafael 2. MiG-29 3. Tejas MK-1 How many of the above are considered fifth generation fighter aircraft?
A.Only one
B.Only two
C.All three
D.none
Correct Answer: D(none)
Explanation:None of the three are 5th generation: Rafale is 4.5 gen, MiG-29 is 4th gen, Tejas MK-1 is 4th gen. 5th gen includes F-22, F-35, Su-57.

Question 36

singleGeneral
2 Marks
In which of the following are hydrogels used? 1. Controlled drug delivery in patients 2. Mobile air-conditioning systems 3. Preparation of industrial lubricants
A.1 only
B.1 and 2 only
C.2 and 3 only
D.1, 2 and 3
Correct Answer: D(1, 2 and 3)
Explanation:Hydrogels are used in all three: controlled drug delivery (medical), cooling systems, and as lubricants in industrial applications.

Question 37

singleGeneral
2 Marks
Which one of the following is the exhaust pipe emission from Fuel Cell Electric Vehicles, powered by hydrogen?
A.Hydrogen peroxide
B.Hydronium
C.Oxygen
D.Water vapour
Correct Answer: D(Water vapour)
Explanation:In hydrogen fuel cell vehicles, hydrogen reacts with oxygen to produce electricity, with water vapour (H₂O) as the only exhaust emission.

Question 38

singleGeneral
2 Marks
Recently, the term 'pumped-storage hydropower' is actually and appropriately discussed in the context of which one of the following?
A.Irrigation of terraced crop fields
B.Lift irrigation of cereal crops
C.Long duration energy storage
D.Rainwater harvesting system
Correct Answer: C(Long duration energy storage)
Explanation:Pumped-storage hydropower is a form of large-scale, long-duration energy storage — water is pumped uphill when energy is surplus and released to generate power when needed.

Question 39

singleGeneral
2 Marks
'Membrane Bioreactors' are often discussed in the context of:
A.Assisted reproductive technologies
B.Drug delivery nanotechnologies
C.Vaccine production technologies
D.Wastewater treatment technologies
Correct Answer: D(Wastewater treatment technologies)
Explanation:Membrane Bioreactors (MBR) combine biological treatment with membrane filtration and are primarily used in advanced wastewater treatment.

Question 40

singleGeneral
2 Marks
With reference to the Indian economy, 'Collateral Borrowing and Lending Obligations' are the instruments of:
A.Bond market
B.Forex market
C.Money market
D.Stock market
Correct Answer: C(Money market)
Explanation:CBLO (Collateral Borrowing and Lending Obligations) are money market instruments used for short-term borrowing/lending in India.

Question 41

singleGeneral
2 Marks
The total fertility rate in an economy is defined as:
A.The number of children born per 1000 people in the population in a year.
B.The number of children born to a couple in their lifetime in a given population.
C.The birth rate minus death rate.
D.The average number of live births a woman would have by the end of her child-bearing age.
Correct Answer: D(The average number of live births a woman would have by the end of her child-bearing age.)
Explanation:Total Fertility Rate (TFR) is the average number of live births a woman would have throughout her reproductive life (15–49 years).

Question 42

singleGeneral
2 Marks
Consider the following statements: 1. In India, Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India. 2. In India, Foreign Institutional Investors can hold the Government Securities (G-Secs). 3. In India, Stock Exchanges can offer separate trading platforms for debts. Which of the statements given above is/are correct?
A.1 and 2 only
B.3 only
C.1, 2 and 3
D.2 and 3 only
Correct Answer: D(2 and 3 only)
Explanation:NBFCs cannot access RBI's LAF (only scheduled commercial banks can). FIIs can hold G-Secs ✓. Stock exchanges can offer debt trading platforms ✓.

Question 43

singleGeneral
2 Marks
In India, which of the following can trade in Corporate Bonds and Government Securities? 1. Insurance Companies 2. Pension Funds 3. Retail Investors
A.1 and 2 only
B.2 and 3 only
C.1 and 3 only
D.1, 2 and 3
Correct Answer: D(1, 2 and 3)
Explanation:All three — insurance companies, pension funds, and retail investors — can trade in corporate bonds and government securities in India.

Question 44

singleGeneral
2 Marks
Consider the following: 1. Exchange-Traded Funds (ETF) 2. Motor vehicles 3. Currency swap Which of the above is/are considered financial instruments?
A.1 only
B.2 and 3 only
C.1, 2 and 3
D.1 and 3 only
Correct Answer: D(1 and 3 only)
Explanation:ETFs and currency swaps are financial instruments. Motor vehicles are physical/tangible assets, not financial instruments.

Question 45

singleGeneral
2 Marks
With reference to the sectors of the Indian economy, consider the following pairs: How many of the pairs given below are correctly matched?
Question Image
A.Only one
B.Only two
C.Only three
D.All four
Correct Answer: B(Only two)
Explanation:Dairy farm (Primary ✓), Weaving cloth (Secondary ✓) are correct. Storage of agricultural produce is Tertiary ✗; Mineral exploration is Primary ✗.

Question 46

singleGeneral
2 Marks
Consider the following materials: 1. Agricultural residues 2. Corn grain 3. Wastewater treatment sludge 4. Wood mill waste Which of the above can be used as feedstock for producing Sustainable Aviation Fuel?
A.1 and 2 only
B.3 and 4 only
C.1, 2, 3 and 4
D.1, 3 and 4 only
Correct Answer: C(1, 2, 3 and 4)
Explanation:All four can serve as feedstock for Sustainable Aviation Fuel (SAF) through various conversion pathways including fermentation, gasification, and hydrothermal processes.

Question 47

singleGeneral
2 Marks
With reference to physical capital in Indian economy, consider the following pairs: How many of the below pairs are correctly matched?
Question Image
A.Only one
B.Only two
C.Only three
D.All four
Correct Answer: B(Only two)
Explanation:Computer (Fixed capital ✓), Petrol (Working capital ✓) are correct. Farmer's plough is Fixed capital ✗; Yarn is Working capital ✗.

Question 48

singleGeneral
2 Marks
Which one of the following words/phrases is most appropriately used to denote 'an interoperable network of 3D virtual worlds that can be accessed simultaneously by millions of users, who can exert property rights over virtual items'?
A.Big data analytics
B.Cryptography
C.Metaverse
D.Virtual matrix
Correct Answer: C(Metaverse)
Explanation:The Metaverse is defined as an interoperable network of 3D virtual worlds accessible simultaneously by many users who can own virtual property and assets.

Question 49

singleGeneral
2 Marks
With reference to the rule/rules imposed by the Reserve Bank of India while treating foreign banks, consider the following statements: 1. There is no minimum capital requirement for wholly owned banking subsidiaries in India. 2. For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals. Which of the statements given above is/are correct?
A.1 only
B.2 only
C.Both 1 and 2
D.Neither 1 nor 2
Correct Answer: B(2 only)
Explanation:Statement 1 is incorrect — there IS a minimum capital requirement (₹500 crore). Statement 2 is correct — at least 50% of board members must be Indian nationals for WOS.

Question 50

singleGeneral
2 Marks
With reference to Corporate Social Responsibility (CSR) rules in India, consider the following statements: 1. CSR rules specify that expenditures that benefit the company directly or its employees will not be considered as CSR activities. 2. CSR rules do not specify minimum spending on CSR activities. Which of the statements given above is/are correct?
A.1 only
B.2 only
C.Both 1 and 2
D.Neither 1 nor 2
Correct Answer: A(1 only)
Explanation:Statement 1 is correct — direct benefit to company/employees is excluded from CSR. Statement 2 is incorrect — CSR rules specify minimum 2% of average net profit must be spent.

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