Prelims Power Play 15 June 2023

1. Recently, the Organisation for Economic Cooperation and Development (OECD) has announced a global deal to ensure big companies pay a Global Minimum Tax (GMT) rate of 15%. Which of the following are the major pillars of GMT?

1. Base Erosion Profit Shifting complaint
2. Minimum tax and subject to tax rules
3. Reallocation of additional share of profit to the market jurisdictions
4. Non Restrictive trade compliant

Select the correct answer from the code below:

2. Personal laws are distinguished from public law and cover marriage, divorce, inheritance, adoption. Which list deals with above items?

3. With reference to International Energy Agency (IEA), consider the following statements:

1. Taking an all-fuels, all-technology approach, the IEA recommends policies that enhance the reliability, affordability and sustainability of energy.
2. Only members of OECD are eligible to be part of IEA.
3. The IEA’s collective emergency response system mechanism was recently activated on the wake of Russia-Ukraine war.

Which of the statements given above is/are correct? Select the correct answer using the code below:

4. Consider the following statements about Great Indian Bustard: 

1. GIBs are the largest among the four bustard species found in India.
2. GIBs are marine birds which prefer salt lakes as their habitat representing the health of the Lake Ecology.
3. Great Indian Bustard Sanctuary in Rajasthan holds the largest population of GIBs in India.

Select the correct answer from the code given below:

5. With reference to the following passes-

1. Zozi La
2. Shipki La
3. Lipu Lekh
4. Nathu La
5. Bom Di La

Arrange the following passes from west to east-