[Mission 2022] Insta– QUED ( Questions from Editorials. ) 14 September 2021

Solution: b)

Rohingya refugees are transported to Bhashan Char, or floating island, in the Bay of Bengal.

Solution: b)

The Fifteenth Finance Commission has reduced the vertical devolution — the share of tax revenues that the Centre shares with the states — from 42% to 41%.

The Finance Commission is a constitutionally mandated body that decides, among other things, the sharing of taxes between the Centre and the states.

Over the years, the terms of reference of the Commission too, have been widened. The Thirteenth Commission was told, for example, to assess the impact of the (then) proposed GST from April 1, 2010; the need to improve the quality of public expenditure; to review the finances of both the Centre and the states; to suggest measures to maintain a stable fiscal environment consistent with equitable growth; and to suggest a revised roadmap to maintain the gains of fiscal consolidation through 2015.

Solution: a)

Famous sedition trials during freedom movement:

The first is the trial of Jogendra Chandra Bose in 1891. Bose, the editor of the newspaper, Bangobasi, wrote an article criticizing the Age of Consent Bill for posing a threat to the religion and for its coercive relationship with Indians.

The other most well-known cases are the sedition trials of Bal Gangadhar Tilak and the trial of Mahatma Gandhi in 1922. Mahatma Gandhi for his articles published in Young India.

Solution: b)

Under Article 112 of the Constitution of India, the Annual Financial Statement has to distinguish expenditure of the Government on revenue account from other expenditures. Government Budget, therefore, comprises of Revenue Budget and Capital Budget.

Capital Budget consists of capital receipts and capital payments.

The capital receipts are loans raised by Government from public, called market loans, borrowings by Government from Reserve Bank and other parties through sale of Treasury Bills, loans received from foreign Governments and bodies, disinvestment receipts and recoveries of loans from State and Union Territory Governments and other parties.

Capital payments consist of capital expenditure on acquisition of assets like land, buildings, machinery, equipment, as also investments in shares, etc., and loans and advances granted by Central Government to State and Union Territory Governments, Government companies, Corporations and other parties.

Solution: d)

Shreya Singhal case is well known for the striking down of Section 66A of the IT Act.

Section 69A grants to the government the power to issue directions to intermediaries for blocking access to any information that it considers prejudicial to, among other things, the sovereignty and integrity of India, national security, or public order. Section 69A(3) envisages a jail sentence for up to seven years for intermediaries who fail to comply.

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