UPSC PRELIMINARY MOCK TEST 120

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UPSC PRELIMINARY MOCK TEST 120

Question 76 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Consider the following statements regarding Star campaigner.
  1. Only a recognised political party can have a Star campaigner.
  2. The list of star campaigners has to be communicated to the Chief Electoral Officer and Election Commission within a week from the date of notification of an election.
  3. Only President can remove the leaders from the political party's list of star campaigners.
Which of the above statements is/are correct?
A
1, 2
B
2 only
C
1, 3
D
2, 3
Question 76 Explanation: 

The Election Commission removed BJP leaders Anurag Thakur and Parvesh Sahib Singh from the party's list of star campaigners.

Who is a star campaigner?

A recognised political party can have 40 star campaigners and an unrecognised (but registered) political party can have 20. The list of star campaigners has to be communicated to the Chief Electoral Officer and Election Commission within a week from the date of notification of an election.

The expenditure incurred on campaigning by such notified star campaigners is exempt from being added to the election expenditure of a candidate. However, this only applies when a star campaigner limits herself to a general campaign for the political party she represents.

Source

Question 77 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Consider the following statements about Resilient Cities Asia-Pacific (RCAP) Congress.
  1. It offers cities & regions from Asia-Pacific a variety of innovative solutions that build resilience to climate change at the subnational level.
  2. It is convened by ICLEI - Local Governments for Sustainability and co-hosted by the World Mayors Council on Climate Change and the City of Bonn.
  3. 4th Resilient Cities Asia-Pacific 2019 Congress was held in India.
Which of the above statements is/are correct?
A
1, 2
B
1, 3
C
2, 3
D
1, 2, 3
Question 77 Explanation: 

The 4th Resilient Cities Asia-Pacific 2019 Congress was organised by ICLEI - Local Governments for Sustainability and hosted by South Delhi Municipal Corporation on 15th to 17th of April 2019 in New Delhi, India.

About Resilient Cities Asia-Pacific:

  • It is the annual global platform for urban resilience and climate change adaptation.
  • It is convened by ICLEI - Local Governments for Sustainability and co-hosted by the World Mayors Council on Climate Change and the City of Bonn.
  • It was launched in 2010 with the goal of forging partnerships and dialogues that matter.
  • The Asia-Pacific Forum on Urban Resilience and Adaptation - Resilient Cities Asia Pacific Congress (RCAP) is a response to heightened demand from the Asia Pacific Region, which encouraged ICLEI to expand the congress series to include Resilient Cities Asia-Pacific, bringing the event and the focus to the Asia-Pacific region, catering to the situation, challenges and opportunities of local governments specifically in this region.

Source "

Question 78 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
CIMON, recently in the news, is
A
The first personal, AI-powered companion in space.
B
The world's first robot citizen.
C
A robotic fish.
D
ISRO's lunar rover to find and mine futuristic nuclear fuel.
Question 78 Explanation: 

A science fiction-inspired robot hardwired to assist astronauts, launched from Florida early on Friday to become the first personal, artificial intelligence-powered companion in space.

The Crew Interactive Mobile Companion, or CIMON, is an English-speaking droid, roughly the size of a basketball, that will help German astronaut Alexander Gerst conduct experiments on the International Space Station (ISS). "What were trying to do with CIMON is to increase the efficiency of the astronaut," said Matthias Biniok, an engineer for chip maker IBM and one of the lead architects behind CIMON's artificial intelligence.

CIMON will verbally communicate step-by-step instructions to Mr. Gerst during three planned science experiments on the space station's European module. Currently, astronauts read these instructions from a laptop, which Mr. Biniok says is an arduous process that a responsive, hands-free companion like CIMON can replace.

TH ;

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Question 79 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following statement(s) is/are incorrect about Asset Reconstruction companies?
A
ARCs are regulated by SEBI.
B
They are the specialized agencies with a main role of resolving the stressed assets issue of the Indian banking system.
C
They are involved in buying bad loans from Indian banks to turn them around.
D
None of the above
Question 79 Explanation: 
Option a is incorrect. ARCs are regulated by RBI, and not SEBI. Option b and c are correct statements.

Asset Reconstruction companies (ARCs):

  • ARC is a company registered under Section 3 of the Securitization and reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002.
  • The main advantage of ARCs is they help the banks to concentrate on normal banking operations rather than dealing with stressed assets.
Question 80 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Consider the following statements on Angel tax:
A
It is a tax on the excess capital raised by an unlisted company through the issue of shares over and above the fair market value of those shares.
B
It is a tax on the excess capital raised by an listed company through the issue of shares over and above the fair market value of those shares.
C
It is a tax on the profit generated by the unlisted company over the period of ten years.
D
It is a tax on the profit generated by the listed company over the period of ten years.
Question 80 Explanation: 
The 'angel tax', as it is commonly called, is a tax on the excess capital raised by an unlisted company through the issue of shares over and above the fair market value of those shares. This excess capital is treated as income and taxed accordingly. This tax most commonly affects start-ups and the angel investors who back them.
There are 80 questions to complete.