Prelims Power Play 14 November 2023

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1. Consider the following

Statement I: Charged Expenditure is not tobe Vote of Parliament

Statement II: Voted expenditure is met from Consolidated Fund and Charged expenditure is met from Contingency Fund.

Which one of the following is correct with respect to the above statements?

Both statements I and II are correct, and statement II is the correct explanation for statement I

Both statements I and II are correct, and statement II is not the correct explanation for statement I

Statement I is correct, and Statement II is incorrect

Statement II is correct, and Statement I is incorrect

2. Constitution provides for collegium system of appointment for which of the following

Election Commission

CAG

UPSC

None

3. Consider the following

How many of the above is/are not part of ‘small saving instruments (SSIs)?

Only two

Only three

Only four

All five

4. GeM portal recently in news is relates to

Defense indigenization

Public procurement

GST

NGO FCRA license

5. Consider the following regarding Senior Citizen Savings Scheme (SCSS)

Only retired government servants above the age of 60 years are eligible.
The maximum deposit is 15 lakhs.
Both the interest and capital gain Senior Citizen Savings Scheme (SCSS) is exempted from taxation

How many of the above is/are correct? Select the correct answer:

Only one

Only two

All three

None