Daily Quiz

Solution (d) Explanation:
• Category II financial Bills, which involve expenditures from the consolidated fund but do not contain any of the matters specified in Article 110(1)(a) to (f), can be introduced in either the Lok Sabha or the Rajya Sabha. (Option (a) is correct)
• Category I financial Bills include any of the matters specified in Article 110(1)(a) to (f) along with other matters and require the President’s recommendation for introduction. (Option (b) is correct)
• While the Rajya Sabha can suggest amendments to Category I financial Bills, it does not have the power to amend them. The Lok Sabha can either accept or reject the suggestions made by the Rajya Sabha. (Option (c) is correct)
• A Bill can be classified as a money Bill only if it contains ‘only’ provisions dealing with the matters specified in Article 110(1)(a) to (f). If it contains other matters as well, it cannot be classified as a money Bill. (Option (d) is incorrect)

Source: https://www.thehindu.com/news/national/how-and-when-can-a-billbe-defined-as-a-moneybill/article68434154.ece#:~:text=The%20Constitution%20defines%20certain%2 0categories,more%20of%20six%20specific%20matters.

Solution (a) Explanation:

• • The NAS 2021 was conducted under the aegis of NCERT, which is responsible for developing and conducting this survey to assess the learning outcomes of students in India. NAS 2021 aimed to evaluate the competencies of students in classes 3, 5, 8, and 10 across various subjects. (Option (a) is correct)
  • UGC is responsible for the coordination, determination, and maintenance of standards of higher education in India. UGC conducts the National Eligibility Test (NET) for determining eligibility for lectureship and for awarding Junior Research Fellowships. (Option (b) is incorrect)
  • NAAC is responsible for assessing and accrediting higher education institutions in India. NAAC conducts institutional accreditation to ensure quality standards in higher education. (Option (c) is incorrect)
  • AICTE is responsible for the planning and coordination of technical education and management education in India. AICTE conducts surveys related to technical education and management programs, such as the AICTE-CII Survey of Industry-Linked Technical Institutes. (Option (d) is incorrect)

Source: https://www.thehindu.com/business/budget/economic–survey–flagssyncing–skilling–with–learning–to–boost–jobprospects/article68432744.ece#:~:text=The%20Economic%20Survey%20of%20I ndia,job%20prospects%20of%20India’s%20youth. & https://nas.gov.in/reportcard/2021

Solution (b) Explanation:

• • The survey mentions that high interest rates in developed countries have raised the cost of funding and increased the opportunity cost to invest in developing countries such as India. (Statement 1 is incorrect)
  • The survey highlights India’s continued dependence on China for imports, particularly in the renewable energy sector. (Statement 2 is correct)
  • The Survey notes that “social media, screen time, sedentary habits, and unhealthy food are a lethal mix that can undermine public health and productivity and diminish India’s economic potential.”

Source: https://indianexpress.com/article/explained/explained-economics/keytakeaways-from-economic-survey-

9469497/#:~:text=The%20survey%20pegs%20the%20GDP,between%206.5%25 %20and%207%25.&text=The%20Economic%20Survey%20for%202023,challeng es%20before%20India’s%20economic%20growth.

Solution (b) Explanation:

• The Carbon Border Adjustment Mechanism (CBAM) is part of the European Union’s “Fit for 55 in 2030 package,” which aims to reduce greenhouse gas emissions by at least 55% by 2030. (Statement 1 is correct)
• CBAM is an initiative by the European Union, not the World Bank, and it applies to imports into the EU, not specifically for the North American continent. (Statement 2 is incorrect)
• CBAM aims to prevent carbon leakage by ensuring that imported goods are subject to the same carbon costs as products produced within the EU, thereby encouraging other countries to adopt more stringent environmental regulations to remain competitive. (Statement 3 is correct)

Source: https://www.thehindu.com/business/budget/proposed-eu-carbon-taxprotectionist-says-economicsurvey/article68433025.ece#:~:text=It%20is%20expected%20to%20come%20in to%20force%20on%20January%201%2C%202026&text=Echoing%20the%20Ce ntre’s%20concerns%20on,spirit%20of%20the%20Paris%20Agreement.%E2%80

%9D