Daily Mock Test – 03 August 2025

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: 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.

📘 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: 4
Explanation: QUAD = India, Japan, USA, Australia. China is not part.

Answer: 2. Promoting use of bio-fertilizers and reducing chemical fertilizers
 Explanation:
PM-PRANAM (Promotion of Alternate Nutrients for Agriculture Management Yojana) encourages states to reduce chemical fertilizer use and promote bio-inputs.

✅ 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.

7th August was chosen as National Handloom Day because it marks the launch of the Swadeshi Movement in 1905, which aimed to promote Indian-made goods, especially handloom products, as a symbol of self-reliance and resistance against British rule.

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

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:

• Fundamental Duties (Article 51A) are non-justiciable, i.e., not enforceable by courts, though laws can be made to enforce them indirectly.

• Introduced by the 42nd Amendment (1976) based on the Soviet model.

🟩 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.

🟩 Answer: 2
📝 Explanation:
The Sansad Ratna Award is given to Members of Parliament (MPs) who demonstrate outstanding performance in Parliament—particularly in areas such as debates, questions, private member bills, and attendance.

➡️ 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: 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.

Explanation:

• Golaknath Case (1967): The SC held that Parliament cannot amend Fundamental Rights. This was later balanced by Kesavananda Bharati (1973), establishing basic structure doctrine.

🟩 Answer: 3

✅ 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.

✅ 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.

🟩 Answer: 3

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).

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.

The Rowlatt Act (1919) was passed after the Jallianwala Bagh massacre. It allowed the British to arrest Indians without trial, leading to widespread protests. Nationalists called it “draconian”, and Gandhi launched the Non-Cooperation Movement in response.

Other options:

• Arms Act (1878) – Restricted Indians from owning weapons.

• Ilbert Bill (1883) – Proposed Indian judges could try Europeans (failed).

• Pitt’s India Act (1784) – Strengthened British control over the East India Company.