Q1. Consider the following statements about Bar Council of India:

1. It is a statutory body established under the Advocates Act 1961.
2. The Attorney General of India and the Solicitor General of India are its ex officio members.
3. It determines universities whose degree in law shall be a qualification for enrollment as an advocate.

How many of the statements given above are correct?

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Q2. With reference to Non-Performing Assets, consider the following statements:

1. It is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days.
2. The Gross Non-Performing Assets (GNPA) ratio of Scheduled Commercial Banks has substantially increased in the past five years.

Which of the statements given above is/are correct?

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Q3. With reference to ‘Joint sitting of two Houses’, consider the following statements:

1. A joint sitting can be summoned if a house passed a bill and other does not taken any action for more than six months.
2. The president summons and presides over the Joint sitting of two Houses.

Which of the statements given above is/are correct?

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Q4. Consider the following statements regarding bilateral currency swap:

1. It is an open-ended credit line from one country to another at a fixed exchange rate.
2. Its main purpose is to avoid the risks in the foreign exchange market and exchange rate.

Which of the statements given above is/are correct?

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Q5. With reference to the Government securities (G-secs) in India, consider the following statements:

1. G-secs are tradable instruments that can be issued only by the Central Government.
2. G-secs are offered for both the short term as well as for long term.
3. G-secs can be used as collateral to borrow funds in the repo market.

How many of the statements given above are correct?

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