Daily Mock Test – 03 August 2025

✅ Correct Answer: B. Chenab

📘 Explanation:
The Chenab River originates in Himachal Pradesh, flows through Jammu & Kashmir, and enters Pakistan.
It’s covered under the Indus Water Treaty (1960) — Chenab is one of the western rivers allocated largely to Pakistan.

➡️ Correct Answer: 4

Explanation:
M3 includes: Currency with the public + Demand deposits + Time deposits. It is the broadest measure of money supply used by RBI.

✅ Correct Answer: C. They boost India’s EV and battery storage goals

📘 Explanation:

• In 2024, lithium reserves (~5.9 million tonnes) were found in Reasi, J&K.

• This is India’s first large-scale lithium discovery.

• It supports India’s EV ecosystem, battery storage, and Atmanirbhar Bharat in clean energy.

🟩 Answer: 2
📝 Explanation:

• Statement 1 is incorrect – The award is presented by the Prime Point Foundation, not the Election Commission.

• Statement 2 is correct – The award was inspired by the vision of Dr. A.P.J. Abdul Kalam, who encouraged recognizing parliamentary excellence.

• Statement 3 is correct – Data is sourced from official parliamentary records of the Lok Sabha and Rajya Sabha.

1. ➡️ Correct Answer: 2

Explanation:
ECBs are usually denominated in foreign currency (not rupees). They are used by Indian companies for capital expansion and are regulated under FEMA and RBI guidelines. So, only 2 and 3 are correct, but the correct option is 2 only as per the original framing.

✅ Correct Answer: 1. To provide an alternative to China’s Belt and Road Initiative

Explanation:

• 1. Alternative to BRI → ✔ Yes, IMEC is seen as a counter to China’s global infrastructure push.

• 2. Naval base in Red Sea → ❌ No such military aim stated.

• 3. Bypass Suez Canal → ❌ Partially true, but not the main strategic goal.

• 4. Agriculture exports to Africa → ❌ Not relevant to the IMEC corridor route.

🟩 Answer: 3

✅ Correct Answer: 3. UN Sustainable Development Solutions Network

Explanation:

• 1. World Bank → ❌ Doesn’t publish this report.

• 2. UNESCO → ❌ Not responsible.

• 3. UN SDSN → ✔ They publish it annually, with Gallup data.

• 4. World Economic Forum → ❌ Not involved in this report.

➡️ Correct Answer: 4

Explanation:
Statements 1 and 2 are correct: repo rate is set by RBI and impacts liquidity. Statement 3 is incorrect — SEBI is not involved in setting monetary policy.

1. ➡️ Correct Answer: 1

Explanation:
FDI and ECBs are part of the Capital Account, while exports and imports belong to the Current Account of Balance of Payments (BoP).

1. ➡️ Correct Answer: 3

Explanation:
Effective Revenue Deficit = Revenue Deficit – Grants for capital asset creation. It was introduced to better reflect the actual revenue shortfall excluding productive capital grants.

✅ Correct Answer: B. It involved parallel governments in some regions

📘 Explanation:

• The Quit India Movement was leaderless after mass arrests.

• Parallel governments were formed in places like:

  • Ballia (U.P.), Tamluk (Bengal), and Satara (Maharashtra)

• ❌ Muslim League opposed the movement.

• ❌ British Labour Party support came later (not during QIM).

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a secure messaging network used by banks and financial institutions globally to send and receive payment instructions. It is crucial for international trade and finance.

Answer: 2. Judiciary interpreting laws independently
📘 Explanation:
Separation of powers in India is maintained by the independent judiciary, which ensures that the executive and legislature stay within their powers.

1. ➡️ Correct Answer: 1

Explanation:
The Phillips Curve shows an inverse relationship between inflation and unemployment in the short run. As inflation rises, unemployment tends to fall, and vice versa—though this relationship may not hold in the long run.

Collective responsibility (of the Council of Ministers to the Lok Sabha) and an independent judiciary have been upheld by the Supreme Court as part of the basic structure of the Constitution, meaning they cannot be altered even by a constitutional amendment. However, a bicameral legislature (two Houses of Parliament) is not considered part of the basic structure and can be changed (e.g., some Indian states have unicameral legislatures).

📘 Explanation:
Under Article 352 of the Constitution, the President can proclaim National Emergency only on the grounds of:

• War

• External aggression

• Armed rebellion (replaced “internal disturbance” via 44th Amendment)

❌ Financial instability is not a ground for Article 352 — it may invoke Financial Emergency under Article 360 instead.

🟩 Answer: 3
📝 Explanation:
The Sansad Ratna Award emphasizes legislative performance inside Parliament—debates, questions, and bills.
While constituency work (like MPLADS spending) is important, it is not a core evaluation criterion for this award.

✅ Correct Answer: D. It is constituted under a separate Act of Parliament

📘 Explanation:

• The Delimitation Commission is a temporary, statutory body, not a permanent constitutional body.

• It is established under the Delimitation Commission Act, not the Constitution.

• Orders are final and cannot be challenged in court.

• It is headed by a retired Supreme Court judge, not the CEC.

🟩 Answer: 2
📝 Explanation: India is known as the “pharmacy of the Global South.” Restrictive IPRs can hinder its ability to supply affordable generics to developing nations.

✅ Correct Answer: 2. National Green Tribunal Act, 2010

📘 Explanation:
The National Green Tribunal (NGT) was created in 2010 via a separate Act passed by Parliament — the NGT Act, 2010.
It’s a special environmental court for speedy disposal of cases related to environmental protection and conservation.