Prelims Power Play 24 October 2022

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1. Consider the following statements regarding Foreign Contribution Regulation Act (FCRA) 2010:

  1. FCRA Act falls under the purview of the Ministry of External Affairs (MEA).
  2. Individuals are not permitted to accept foreign contributions without permission of Prime Minister Office(PMO).
  3. Under the Act, organizations receiving foreign donations are required to register themselves every three years.
  4. Not more than 50 % of foreign contribution can be used for administrative expenses.

Which of the above statements is/are in correct?

 
 
 
 

2. Consider the following:

  1. Candidate for election
  2. Cartoonist
  3. Newspaper editor
  4. Members of any legislature
  5. Political party office bearer.

Who among of the above are prohibited from receiving foreign funding under FCRA?

 
 
 
 

3. With reference to properties of ordinance, consider the following statements

  1. Ordinance is an executive instrument to pass laws when the legislature is not in session.
  2. Ordinance cannot be retrospective, which means that it can’ be enacted prior to its approval.
  3. Ordinances cannot be used to revoke the fundamental rights of the citizens.

Which of the above given statements are correct?

 
 
 
 

4. With reference to Districts as Export Hub Initiative, consider the following statements

  1. District Export Hub Initiative is a Central Sector Scheme.
  2. Union ministry of commerce and industry will act as the nodal ministry.
  3. This scheme is part of the new foreign trade policy and it is implemented by Directorate general of foreign trade.

Which of the above given statements are correct?

 
 
 
 

5. The lowering of Bank Rate by the Reserve Bank of India leads to