Question Discussion & Solution

The correct answer is Cryptocurrency.

In News

• RBI wants a full ban on crypto, legal experts say it is too late.

Key Points

• S. C. Garg Committee:
  • It is related to Cryptocurrency. Hence option 1 is correct.
  • Recommendations:
    • Ban anybody who mines, hold, transact or deal with cryptocurrencies in any form.
    • It recommends a jail term of one to 10 years for exchange or trading in digital currency.
    • It proposed a monetary penalty of up to three times the loss caused to the exchequer or gains made by the cryptocurrency user whichever is higher.
    • However, the panel said that the government should keep an open mind on the potential issuance of cryptocurrencies by the Reserve Bank of India.

The correct answer is ​Both A and R are true and R is the correct explanation of A.

Key Points

• ENFORCEMENT OF THE CONSTITUTION
  • Some provisions of the Constitution pertaining to citizenship, elections, provisional parliament, temporary and transitional provisions, and short title
  • contained in Articles 5, 6, 7, 8, 9, 60, 324, 366, 367, 379, 380, 388, 391, 392 and 393 came into force on November 26, 1949 itself.
  • The remaining provisions (the major part) of the Constitution came into force on January 26, 1950.
  • This day is referred to in the Constitution as the ‘date of its commencement and celebrated as Republic Day.
  • January 26 was specifically chosen as the ‘date of commencement of the Constitution because of its historical importance. Hence Assertion is correct 
  • It was on this day in 1930 that Purna Swaraj day was celebrated, following the resolution of the Lahore Session (December 1929) of the INC. Hence R is the correct explanation of A.
  • Constitution Day or Samvidhan Diwas (26th November) is also known as National Law Day. The day commemorates the adoption of the Constitution in India. On this day in 1949, the Constituent Assembly of India formally adopted the Constitution of India.

The Correct Answer is State Election Commission.

Key Points

• A state's chief minister is appointed by the governor. He or she frequently appoints the Advocate General, the Chairman of the State Public Service Commission, and the members of the State Public Service Commission. Aside from that, the Governor appoints the State Election Commissioner (though removed by thea President).
• The State Election Commission has been tasked with holding free, equal, and impartial elections for local government bodies in the state.
• Part-IX and Part-IXA of the Indian Constitution, which cover provisions concerning Panchayats and Municipalities, respectively, were introduced by amendments 73 and 74 to the Indian Constitution.
• The constitutions of Panchayats and Municipalities, as well as their elections by the State Election Commission, are included in these parts.

Additional Information

• The President of India, in accordance with Article 280 of the Indian Constitution, appoints Finance Commissions on a regular basis to determine the financial ties between the central government of India and the various state governments.
• The Union Public Service Commission (UPSC) is India's premier public-sector recruitment agency. It is in charge of all promotions and examinations for All India Services and Group A and Group B positions in the central government's civil service and defence services cadres.
• The Inter-State Council is a permanent legislative body formed by presidential order under Article 263 of the Indian Constitution.

The correct answer is 1, 2, 3, 4 and 5.

 Key Points

• The ECA was enacted in 1955.
• The act provides for the control of production, supply, distribution, trade, and commerce in any farm good deemed “essential” and “in the interest of the general public”.
• The list of items under the Act includes drugs, fertilizers, pulses, and edible oils, and petroleum and petroleum products.

 Important Points

• If the Centre finds that a certain commodity is in short supply and its price is spiking, it can notify stock-holding limits on it for a specified period.
• The States act on this notification to specify limits and take steps to ensure that these are adhered to.
• Anybody trading or dealing in a commodity, be it wholesalers, retailers, or even importers are prevented from stockpiling it beyond a certain quantity.

 Additional Information

•  The Essential Commodities (Amendment) Bill, 2020 is aimed at deregulating commodities such as cereals, pulses, oilseeds, edible oils, onion, and potatoes.

The Correct answer is Justice Fazl Ali.

Key Points

• The creation of the Andhra state intensified the demand from other regions for the creation of states on a linguistic basis.
• This forced the Government of India to appoint (in December 1953) a three-member States Reorganisation Commission under the chairmanship of Fazl Ali to re-examine the whole question. Its other two members were K M Panikkar and H N Kunzru.
• It submitted its report in September 1955 and broadly accepted language as the basis of the reorganisation of states. But, it rejected the theory of ‘one language-one state’. Its view was that the unity of India should be regarded as the primary consideration in any redrawing of the country’s political units. It identified four major factors that can be taken into account in any scheme of the reorganisation of states:

1. Preservation and strengthening of the unity and security of the country.
2.  Linguistic and cultural homogeneity.
3. Financial, economic and administrative considerations.
4. Planning and promotion of the welfare of the people in each state as well as of the nation as a whole.

• The commission suggested the abolition of the four-fold classification of states under the original Constitution and the creation of 16 states and 3 centrally administered territories. The Government of India accepted these recommendations with certain minor modifications.
• By the States Reorganisation Act (1956) and the 7th Constitutional Amendment Act (1956), the distinction between Part-A and Part-B states was done away with and Part-C states were abolished. Some of them were merged with adjacent states and some others were designated as union territories. As a result, 14 states and 6 union territories were created on November 1, 1956.
• The States Reorganisation Act of 1956 established the new state of Kerala by merging the Travancore- Cochin State with the Malabar District of Madras state and Kasargode of South Canara (Dakshina Kannada).
• It merged the Telugu-speaking areas of Hyderabad state with the Andhra state to create the Andhra Pradesh state. Further, it merged the Madya Bharat state, Vindya Pradesh state and Bhopal state into the Madya Pradesh state. Similarly, it merged the Saurashtra state and Kutch state into that of the Bombay state.