1) Which of the following are included in the assets of a commercial bank in India?
Money at call and short notice
Certificate of Deposit
Loans and Advances
Select the correct answer code:
a) 2, 3, 4
b) 1, 4
c) 1, 3, 4
d) 1, 2, 3, 4
2) The term National Income represents:
a) gross national product at market prices minus depreciation
b) gross national product at market prices minus depreciation plus net factor income from abroad
c) gross national product at market prices minus depreciation and indirect taxes plus subsidies
d) gross national product at market prices minus net factor income from abroad
3) Which of the following forms the part of Revenue Expenditure?
Expenses incurred for the normal functioning of the government.
Repayment of loan by the government.
Loans given to state governments, even though some of the loans may be meant for creation of assets.
Select the correct answer code:
a) 1 only
b) 1, 2
c) 1, 3
d) 2, 3
Prelims Specific News Items
1) Around 87% of world’s wetland ecosystem have been lost due to anthropogenic activities threatening wildlife species such as fishing cat.
About Fishing Cat:
The fishing cat is one of only two animals among the 40 odd members of the cat family which can survive in wet landscape.
It is the top predator of the wetland ecosystem
Fishing cat has double-layered coat which keeps its skin from getting wet.
The fishing cat is the state animal of West Bengal.
Schedule 1 of the Wildlife Protection Act, 1972.
IUCN status: It is listed as “vulnerable (VU)” under IUCN red list
CITES status: The fishing cat is included on
CITES Appendix II
Habitat– It prefers wetland ecosystem and traditionally found in the South and Southeast Asia’s rivers such as Ganga, Brahmaputra, Godavari, Krishna, Irrawaddy and Chao Phraya.
Threat– Shrinking of wetland ecosystem, marshes, mangrove, and grassland has emerged as biggest threat.
The fishing cat is etched on the 900-yearold Angkor Wat complex in Cambodia and captured on relics of the Khmer empire, which flourished between the 9th and 15th centuries on the mighty Mekong’s floodplains.
2)About Incel Movement:
Incels are a large online community of men who describe themselves as “involuntary celibates”.(Celibates means a person who abstains from marriage and sexual relations).
Men who are part of this movement have a deep resentment towards both women and other men who are sexually active.
They blame women for their own lack of sexual and social status. Moreover. an extreme section of Incels even advocates violence against women.
Black Pill and Red Pill Mentality:
Black Pill theory often associated with incels promotes the defeatist idea that your fate is sealed at birth and no matter what changes you try to make, your sexual capital cannot be altered.
On the other hand, Red Pill theory believes that the world is biased toward women, and sees feminism as female supremacy. They believe there is a systemic bias in favour of women.
3)About Geological Survey of India(GSI):
The Geological Survey of India (GSI) was set up in 1851. Currently, it is an attached office to the Ministry of Mines.
It was primarily set up to find coal deposits for the Railways. Over the years, GSI has grown into a repository of geo-science information required in various fields in the country.
Its main functions relate to creating and updating national geoscientific information and mineral resource assessment.
These objectives are achieved through ground surveys, air-borne and marine surveys, mineral prospecting, seismotectonic study and carrying out fundamental research.
Headquarters: GSI is headquartered in Kolkata. It has six regional offices located in Lucknow, Jaipur, Nagpur, Hyderabad, Shillong, and Kolkata.
4) 387 ‘Moplah martyrs’ to be removed from dictionary :- Malabar Rebellion leaders Variamkunnath Kunhamed
Haji, Ali Musaliar and 387 other ‘Moplah martyrs’ will be removed from the Dictionary of Martyrs of India’s
A three member panel, which reviewed the entries in the fifth volume of the dictionary brought out by the Indian Council of Historical Research (ICHR), is understood to have recommended the deletion as it felt that the 1921 rebellion was never part of the Independence struggle, and was a fundamentalist movement focused on religious
None of the slogans raised by the rioters were in favour of nationalism and anti-British, it noted. RSS leader Ram Madhav, at a meeting to commemorate the victims of the rebellion, had stated that the movement was one of the first manifestations of the Taliban mindset in India.
The Malabar rebellion of 1921 (also known by the names Moplah riots, Mappila riots) started as a resistance against the British colonial rule in Malabar region of Kerala. The British had appointed high caste Hindus in positions of authority to get their support, this led to the protest turning against the Hindus.
5) High speed Net comes to a deep jungle :- The Jan Shikshan Sansthan (JSS), a Union government initiative for skill development in rural areas, has brought high-speed internet to some of the remotest tribal hamlets deep inside the Nilambur jungle in Kerala.
For the first time, the Palakkayam, Vettilakkolli and Ambumala tribal hamlets got high-speed internet, thanks to long distance Wi-Fi technology. Kerala Infrastructure and Technology for Education (KITE) executive dirrector, was jubilant about the 100 mbps internet.
6)India signs deal for 70,000 assault rifles :- AK-203 rifles from Russia.
7) Malabar war games to begin on Thursday :- The Quad countries — India, the U.S., Australia and Japan — will carry out the next edition of the Malabar naval exercise from August 26 to 29 off the coast of Guam amid mounting global concerns over China’s growing military muscle-flexing in the Indo-Pacific region.
Indian stealth frigate INS Shivalik and antisubmarine warfare corvette INS Kadmatt arrived in Guam, an island
territory of the U.S. in the Western Pacific.
8) Shankaracharya Hill, also called Takht-i-Sulaiman, is a hill overlooking the Dal Lake and Srinagar in Jammu and Kashmir . It is famous for the sacred Shankaracharya Temple, also known as Jyeshteswara, which occupies the top of the hill.