1. It is a legally binding treaty adopted under the UNFCCC.
2. It replaced the Kyoto Protocol’s top-down system with a nationally driven framework.
3. It prescribes emission targets for each country fixed by the UNFCCC Secretariat.
Select the correct answer using the code given below:
• The Paris Agreement (2015) is a legally binding treaty adopted by 196 Parties under the UNFCCC.
• It follows a bottom-up model, where each nation sets its own targets known as Nationally Determined Contributions (NDCs).
• The UNFCCC Secretariat does not assign targets; countries decide voluntarily.
Hence, statements (1) and (2) are correct.
1. It occurs every five years.
2. It evaluates the collective progress toward global climate goals.
3. Its outcome directly ranks countries on their climate performance.
Which of the statements given above is/are correct?
• The first Global Stocktake (GST) concluded in 2023 during COP28 and will recur every five years.
• It measures collective, not individual, progress on mitigation, adaptation, and climate finance goals.
• There is no ranking or punitive mechanism for countries under the GST framework.
Hence, statements (1) and (2) are correct.
1. Transparency Framework
2. Global Stocktake
3. Loss and Damage Fund
4. Nationally Determined Contributions
Codes:
• Transparency Framework, Global Stocktake, and Nationally Determined Contributions (NDCs) are formal parts of the Paris Agreement.
• The Loss and Damage Fund, though agreed at COP27 (Sharm el-Sheikh), is not part of the original 2015 Agreement — it emerged from subsequent negotiations.
Hence, statements (1), (2), and (4) are correct.
1. It is a cooperative ride-hailing initiative launched under the Ministry of Cooperation.
2. It aims to ensure driver ownership and eliminate commission-based intermediaries.
3. It will be implemented through a public–private partnership model with existing cab aggregators.
Which of the statements given above is correct?
Statement 1 – Correct: Bharat Taxi is a cooperative ride-hailing platform launched by the Ministry of Cooperation with technical support from the National e-Governance Division (NeGD).
Statement 2 – Correct: It promotes driver ownership — drivers are shareholders, not contract workers — and removes commission-based aggregator control, ensuring fair income.
Statement 3 – Incorrect: It is not a public–private partnership; instead, it operates as a cooperative enterprise managed by Sahakar Taxi Cooperative Ltd., backed by institutions like Amul, IFFCO, and NAFED.
Hence, statements (1) and (2) are correct.
(a) It represents one of India’s last continuous Sal forest landscapes within the Eastern Ghats system.
(b) It serves as a core zone of the Singhbhum Elephant Reserve facilitating transboundary wildlife movement.
(c) It is the only notified forest in Jharkhand under the UNESCO Man and Biosphere Programme.
(d) It forms a linkage between the Dalma and Similipal forest complexes supporting long-range elephant migration.
• Option (a) – Incorrect: Saranda forest lies on the Chota Nagpur Plateau, not within the Eastern Ghats mountain system.
• Option (b) – Correct: Saranda constitutes a major part of the Singhbhum Elephant Reserve and is vital for elephant movement across Jharkhand, Odisha, and Chhattisgarh.
• Option (c) – Incorrect: Saranda is not a UNESCO Biosphere Reserve; it remains a proposed wildlife sanctuary.
• Option (d): Though it contributes to connectivity between Dalma and Similipal regions, option (b) more precisely reflects its protected-area significance.
Hence, the correct answer is option (b).
1. Foreign investors cannot hold equity in a Small Finance Bank.
2. SFBs are exempt from priority sector lending requirements, unlike Regional Rural Banks.
3. A Small Finance Bank can establish subsidiaries to undertake microfinance operations.
Which of the statements given above is correct?
Statement 1 – Incorrect: Foreign investment is permitted in Small Finance Banks (SFBs), following the same limits as private sector banks. The FDI policy allows up to 74% aggregate foreign investment, subject to limits for FIIs, FPIs, and NRIs.
Statement 2 – Incorrect: SFBs are subject to stricter norms, requiring 75% of their Adjusted Net Bank Credit (ANBC) to be allocated to Priority Sector Lending (PSL).
Statement 3 – Incorrect: SFBs cannot establish subsidiaries for any non-banking financial activities, including microfinance operations.
Hence, none of the statements are correct.
1. Small Finance Banks are exempt from maintaining the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR).
2. SFBs are permitted to establish subsidiaries for undertaking non-banking financial activities with prior RBI approval.
3. AU Small Finance Bank was the first SFB to commence operations after receiving its licence from the Reserve Bank of India.
Which of the statements given above is/are correct?
Statement 1 – Incorrect: Small Finance Banks (SFBs) are governed by the same prudential norms as other scheduled commercial banks. They must maintain both Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR); no exemption exists.
Statement 2 – Incorrect: SFBs are not permitted to establish subsidiaries for non-banking financial activities. However, they may distribute third-party financial products such as insurance and mutual funds, subject to regulatory approval.
Statement 3 – Incorrect: Although AU Small Finance Bank was one of the early licensees, the first SFB to commence operations was Capital Small Finance Bank in April 2016, headquartered in Jalandhar, Punjab.
Hence, none of the statements are correct.