1. Recently established trust “InvIT Trust” belongs to which Indian authority?
a) DRDO
b) ISRO
c) NHAI
d) CSIR

2.Consider the following statements regarding Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).

1) CITES is legally binding on state parties to the convention, which are obliged to adopt their own domestic legislation to implement its goals.
2) It is administered by IUCN.
3) Trade is not permittable for the species covered under Appendix I of CITES.
Which of the above statements is/are incorrect?

a) 2 only
b) 1, 2
b) 1, 3
d) 2, 3

3. Consider the following statements about domestic systemically important bank (D-SIB).

1) RBI declares only Public Sector Banks as domestic systemically important bank.
2) Banks become systemically important due to their size, cross-jurisdictional activities and interconnection.
3) Banks whose assets exceed 2% of GDP are considered part of this group.
Which of the above statements is/are correct?

a) 1, 2
b) 2 only
c) 2, 3
d) 1, 2, 3

4. Consider the following statements regarding New Development Bank.

1)The New Development Bank (NDB) is a multilateral development bank established by the BRICS states.
2)The state governments in India can seek loan assistance from NDB.
3)India is the second largest shareholder of the NDB.
Which of the above statements is/are correct?

a) 1 only
b) 1, 3
c) 1, 2
d) 1, 2, 3

5. The indigenously developed Pinaka that was successfully test fired is a

a) supersonic cruise missile
b) Surface-to-Surface Battle field Missile
c) Quick Reaction Surface to Air Missile
d) Multi-Barrel Rocket System

Answers:

1. c) InvIT trust belongs to NHAI
Infrastructure Investment Trust(s) (InvIT)
It will be formed with an objective of investment primarily in infrastructure projects

2. d)

• CITES is legally binding on state parties to the convention
• It is administered by the United Nations Environment Programme (UNEP).
• The species covered by CITES are listed in three Appendices, according to the degree of protection they need.
  • Appendix I includes species threatened with extinction. Trade in specimens of these species is permitted only in exceptional circumstances.
  • Appendix II includes species not necessarily threatened with extinction, but in which trade must be controlled in order to avoid utilization incompatible with their survival.
  • Appendix III contains species that are protected in at least one country, which has asked other CITES Parties for assistance in controlling the trade.

3. c)

• SBI, ICICI and HDFC remain Systemically Important Banks.
• Banks become systemically important due to their size, cross-jurisdictional activities and interconnection.
• Banks whose assets exceed 2% of GDP are considered part of this group.

4. c)

• The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa).
• The state governments in India can seek loan assistance from NDB.
• Initial subscribed capital was equally distributed among the founding members {$10 billion each}

5. d)
Multi-Barrel Rocket System PINAKA, an area weapon system to supplement the existing artillery gun at ranges beyond 30 kms, having quick reaction time and high rate of fire.