Prelims Power Play 25 July 2023

1. Securities and Exchange Board of India (SEBI) is empowered to frame rules, regulations, guidelines and direction etc. in respect of both primary and secondary securities markets. With respect to this, consider how many of the following functions are performed by SEBI?

1. Regulate depositories, participants and custodians
2. Regulate debenture trustees and trust deeds
3. Encourage Insider trading
4. Promote the development and regulation of the securities market.

Select the correct answer using the code below:

2. With respect to Semiconductor production in India, consider the following statements

1. India produces 25 % of its needs and imports remaining 75%.
2. Taiwan leads the world in the production of Semiconductor chip production.
3. India Semiconductor Mission (ISM) has been setup as an Independent Business Division within Digital India Corporation to formulate and drive India’s long term strategies for developing semiconductors and display manufacturing facilities and semiconductor design ecosystem

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

3. Consider the following

1. High informality of Indian economy
2. Tax evasion
3. Dominant portion of India workforce is employed in agriculture
4. High incidence of poverty

How many of the above can be the reason for India’s low tax base

4. The north and south group of Lakshadweep Islands are separated by 

5. A District Mineral Foundation (DMF) is responsible for implementing the Pradhan Mantri KhanijKshetra Kalyan Yojana (PMKKKY) and other schemes in areas where mining is carried out. With respect to this, consider how many of the following are included in high priority areas for utilisation of DMF funds?

1. Drinking water
2. Health
3. Physical infrastructure
4. Women and child welfare
5. Education

Select the correct answer using the code below: