[Mission 2024] QUED ( Questions from Editorials ) 21 September 2023

Solution: c)

In ancient times, the Konark Wheel was also used as a sundial to calculate time to a minute including day and night.

The Konark Wheel also reflects the richness of the Kalinga architectural style and the prosperity of ancient Odisha. 

Konark Sun Temple was declared a World Heritage site by Unesco in 1984 and is Odisha’s only world heritage site.

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Solution: c)

The Reserve Bank of India (RBI) on September 8 announced that it would discontinue the incremental cash reserve ratio (I-CRR) in a phased manner. The central bank will release the amount which banks have maintained under I-CRR in stages.

The I-CRR was introduced on August 10, 2023, by the RBI to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes to the banking system.

The RBI announced I-CRR as a temporary measure to absorb excess liquidity from the banking system.

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Solution: b)

Statement 2 is incorrect.

The Cash Reserve Ratio (CRR) is the minimum amount of the total deposits which banks have to maintain as cash reserve with the Reserve Bank of India. It is an essential tool to maintain the health of the banking system. Banks cannot use this amount for lending or for any investment purposes. Currently, CRR stands at 4.5 per cent.

The cash reserve is either stored in the bank’s vault or is sent to the RBI. Banks do not get any interest on the money that is with the RBI under the CRR requirements.

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Solution: a)

Only Statement 1 is correct.

• Coffee in India is grown under a canopy of thick natural shade in ecologically sensitive regions of the Western and Eastern Ghats.
• The two main varieties of coffee viz., Arabica and Robusta are grown in India.
• Traditionally, India has been a noted producer of Arabica coffee but in the last decade robusta beans are growing substantially due to high yields, which now account for over 60 percent of coffee produced in India.
• Karnataka is the leading producer of coffee in India.

Solution: b)

Statement 3 is incorrect.

A chargesheet, as defined under Section 173 CrPC, is the final report prepared by a police officer or investigative agencies after completing their investigation of a case.

After preparing the chargesheet, the officer-in-charge of the police station forwards it to a Magistrate, who is empowered to take notice of the offences mentioned in it.

A chargesheet must be filed against the accused within a prescribed period of 60-90 days, otherwise the arrest is illegal and the accused is entitled to bail.

The term ‘chargesheet’ has been expressly defined under Section 173 of the CrPC but ‘First Information Report’ or FIR, has not been defined in either the Indian Penal Code (IPC) or the CrPC. Instead, it finds a place under the police regulations/ rules under Section 154 of CrPC, which deals with ‘Information in Cognizable Cases’.

While the chargesheet is the final report filed towards the end of an investigation, an FIR is filed at the ‘first’ instance’ that the police is informed of a cognizable offense or offence for which one can be arrested without a warrant; such as rape, murder, kidnapping.