Question 16: Consider the following statements:

1. The Competition Commission of India has been established within the Ministry of Corporate Affairs.
2. The Competition Appellate Tribunal have been replaced with the National Company Law Appellate Tribunal.

Which of the following statements is/are true?

1. 1 only
2. 2 only
3. 1 and 2 only
4. Neither 1 nor 2

Correct Answer: C

Explanation

• The Competition Commission of India (within the Ministry of Corporate Affairs) has been established to enforce the competition law under the Competition Act, 2002.
• It should be noted that on the recommendations of Raghavan committee, the Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act) was repealed and replaced by the Competition Act, 2002.
• The Commission consists of a chairperson and not more than 6 Members appointed by the Central Government.
• The Act prohibits anti-competitive agreements, and abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable adverse effect on competition within India.
• In accordance with the provisions of the Amendment Act, the Competition Commission of India and the Competition Appellate Tribunal have been established.
• The government of India replaced Competition Appellate Tribunal (COMPAT) with the National Company Law Appellate Tribunal (NCLAT) in 2017.

Question 17: The principles laid down which are fundamental in the governance of the country, are enshrined in:

1. Fundamental rights
2. Preamble of the constitution
3. DPSPs
4. Fundamental duties

Correct Answer: C

Explanation

• Article 44 is one of the Directive Principles of State Policy, described in Part IV of the According to Article 37, “The provisions contained in this Part shall not be enforceable by any court, but the principles therein laid down are nevertheless fundamental in the governance of the country and it shall be the duty of the State to apply these principles in making laws.”

Question 18: Consider the following statements:

1. If a law is made to implement any of the Directive Principles, it cannot be challenged on the ground of being violative of the Fundamental Rights under Articles 14 and 19.
2. Except the Muslim Personal laws of religion, other religions have unified their personal laws of religion.

Which of the following statements is/are true?

1. 1 only
2. 2 only
3. 1 and 2 only
4. Neither 1 nor 2

Correct Answer: A

Explanation

• In its landmark Minerva Mills judgment (1980), the Supreme Court held: “Indian Constitution is founded on the bedrock of the balance between Parts III (Fundamental Rights) and IV (Directive Principles). To give absolute primacy to one over the other is to disturb the harmony of the” Constitution.”
• Article 31C says that if a law is made to implement any of the Directive Principles, it cannot be challenged on the ground of being violative of the Fundamental Rights under Articles 14 and 19.
• Personal laws of religions are diverse in themselves. Thus, all Hindus of the country are not governed by one law, nor are all Muslims or all Christians. Not only British legal traditions, even those of the Portuguese and the French remain operative in some parts.
• In the Northeast, there are more than 200 tribes with their own varied customary The Constitution itself protects local customs in Nagaland. Similar protections are enjoyed by Meghalaya and Mizoram. Even reformed Hindu law, in spite of codification, protects customary practices.

Question 19: Consider the following statements with respect to Deposit insurance and credit guarantee corporation (DICGC):

1. All co-operative banks are covered by the DICGC.
2. Primary cooperative societies are not insured by the DICGC.
3. Each depositor in a bank is insured up to a maximum of Rs. 500,000/- for both principal and interest amount.

Which of the following statements is/are true?

1. 1 and 2
2. 2 and 3
3. 1 and 3
4. 1, 2 and 3

Correct Answer: D

Explanation

Deposit insurance and credit guarantee corporation (DICGC) Which banks are insured by the DICGC?

• Commercial Banks: All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC.
• Cooperative Banks : All State, Central and Primary cooperative banks, also called urban cooperative banks, functioning in States / Union Territories which have amended the local Cooperative Societies Act empowering the Reserve Bank of India (RBI) to order the Registrar of Cooperative Societies of the State / Union Territory to wind up a cooperative bank or to supersede its committee of management and requiring the Registrar not to take any action regarding winding up, amalgamation or reconstruction of a co-operative bank without prior sanction in writing from the RBI are covered under the Deposit Insurance Scheme.
• At present all co-operative banks are covered by the DICGC.
• Primary cooperative societies are not insured by the DICGC.
• What is the maximum deposit amount insured by the DICGC?
• Each depositor in a bank is insured up to a maximum of 5,00,000 (Rupees Five Lakhs) for both principal and interest amount held by him in the same right and same capacity as on the date of liquidation/cancellation of bank’s license or the date on which the scheme of amalgamation/merger/reconstruction comes into force.
• If you have deposits with more than one bank, deposit insurance coverage limit is applied separately to the deposits in each bank.

Question 20: Consider the following statements with respect to RTI act:

1. If the applicant belongs to below poverty line category, he is not required to pay any fee in order to seek information.
2. The information seeker is not required to give reasons for seeking information.
3. If information sought concerns the life or liberty of a person, it shall be supplied within 24 hours.

Which of the following statements is/are true?

1. 1 and 2
2. 2 and 3
3. 1 and 3
4. 1, 2 and 3

Correct Answer: A

Explanation

Right to Information:

• What is the Fee for Seeking Information from Central Government Public Authorities? A person who desires to seek some information from in a Central Government Public Authority is required to send, along with the application, a demand draft or a banker’s cheque or an Indian Postal Order of Rs.10/- (Rupees ten), payable to the Accounts Officer of the public authority as fee prescribed for seeking information.
• What is the Fee for the BPL applicant for Seeking Information? If the applicant belongs to below poverty line (BPL) category, he is not required to pay any fee. However, he should submit a proof in support of his claim to belong to the below poverty line.
• The information seeker is not required to give reasons for seeking information.
• In normal course, information to an applicant shall be supplied within 30 days from the receipt of application by the public authority. If information sought concerns the life or liberty of a person, it shall be supplied within 48 hours.
• In case the application is sent through the Assistant Public Information Officer, or it is sent to a wrong public authority, five days shall be added to the period of thirty days or 48 hours, as the case may be.