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Mega Quiz with Correct Answer & Explanation Q1. Consider the following statements regarding the 'Financial Stability Report' (FSR): 1. It is published annually by the Ministry of Finance. 2. It reflects the collective assessment of the Financial Stability and Development Council (FSDC) on the risks to financial stability. Which of the statements given above is/are correct? A. 1 only B. 2 only C. Both 1 and 2 D. Neither 1 nor 2 Correct Answer: B Explanation: The Financial Stability Report is published biannually by the Reserve Bank of India (RBI), not the Ministry of Finance. It reflects the collective assessment of the Sub-Committee of the FSDC on the risks to financial stability, as well as the resilience of the Indian financial system. Hence, statement 1 is incorrect and statement 2 is correct. Q2. With reference to the 'Anti-Defection Law' under the Tenth Schedule of the Constitution, consider the following statements: 1. The decision of the Speaker regarding disqualification is final and cannot be challenged in a court of law. 2. If a member of a House voluntarily gives up their membership of such political party, they shall be disqualified. Which of the statements given above is/are incorrect? A. 1 only B. 2 only C. Both 1 and 2 D. Neither 1 nor 2 Correct Answer: A Explanation: In the Kihoto Hollohan case, the Supreme Court held that the Speaker's decision is subject to judicial review, rendering statement 1 incorrect. Statement 2 is correct as per the provision of the Tenth Schedule where 'voluntarily giving up membership' is a ground for disqualification. Q3. Consider the following pairs regarding Constitutional offices and their removal processes: 1. Judge of the Supreme Court: Proved misbehavior or incapacity. 2. Comptroller and Auditor General: Same manner and on like grounds as a Judge of the Supreme Court. 3. Election Commissioner: On the recommendation of the Chief Election Commissioner. How many of the above pairs are correctly matched? A. Only one pair B. Only two pairs C. All three pairs D. None of the pairs Correct Answer: C Explanation: Pair 1 is correctly matched: Under Article 124(4) of the Constitution of India, a Judge of the Supreme Court can only be removed from office by an order of the President passed after an address by each House of Parliament on the grounds of proved misbehavior or incapacity. Pair 2 is correctly matched: According to Article 148(1) of the Constitution, the Comptroller and Auditor General (CAG) of India can only be removed from office in the same manner and on like grounds as a Judge of the Supreme Court. Pair 3 is correctly matched: Under Article 324(5), while the Chief Election Commissioner (CEC) is removed in the same manner as a Supreme Court Judge, any other Election Commissioner cannot be removed from office except on the recommendation of the Chief Election Commissioner. Q4. Regarding the 'Global Minimum Corporate Tax' (GMCT), consider the following statements: 1. It is an initiative led by the World Trade Organization to prevent base erosion. 2. It aims to set a global floor for corporate tax rates to discourage tax havens. Which of the statements given above is/are correct? A. 1 only B. 2 only C. Both 1 and 2 D. Neither 1 nor 2 Correct Answer: B Explanation: The Global Minimum Corporate Tax (15%) is an initiative of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS), not the WTO. Statement 2 is correct as the intent is to stop multinational corporations from shifting profits to low-tax jurisdictions. Q5. What is the primary objective of the 'Sovereign Green Bonds' issued by the Government of India? A. To provide tax exemptions to companies engaged in carbon trading. B. To mobilize resources for green infrastructure projects.

Q4. Regarding the 'Global Minimum Corporate Tax' (GMCT), consider the following statements: 1. It is an initiative led by the World Trade Organization to prevent base erosion. 2. It aims to set a global floor for corporate tax rates to discourage tax havens.

Q3.. Consider the following pairs regarding Constitutional offices and their removal processes: 1. Judge of the Supreme Court: Proved misbehavior or incapacity. 2. Comptroller and Auditor General: Same manner and on like grounds as a Judge of the Supreme Court. 3. Election Commissioner: On the recommendation of the Chief Election Commissioner.

Q2. With reference to the 'Anti-Defection Law' under the Tenth Schedule of the Constitution, consider the following statements: 1. The decision of the Speaker regarding disqualification is final and cannot be challenged in a court of law. 2. If a member of a House voluntarily gives up their membership of such political party, they shall be disqualified.

Q1. Consider the following statements regarding the 'Financial Stability Report' (FSR): 1. It is published annually by the Ministry of Finance. 2. It reflects the collective assessment of the Financial Stability and Development Council (FSDC) on the risks to financial stability.

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Best wishes to all the aspirants appearing for UPSC CSE Mains 2026. Stay focused, stay confident, and give it your best. Your hard work and dedication will pave the way to success.

🏛️ 𝐃𝐀𝐈𝐋𝐘 𝐌𝐈𝐍𝐈 𝐐𝐔𝐈𝐙 | 𝟐𝟎𝐭𝐡 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟔 📌 Topic: JPardoning Power of the President – Article 72 🎯 Exam Relevant For: UPSC CSE Prelims • WBCS • State PSCs 👇 Comment your answer below!

📚 THE HINDU EDITORIAL ANALYSIS | 20 AUGUST 2026 🗳️ Vote of Trust: Electoral Integrity & Voter ID Clean electoral rolls and voter ID are crucial for democracy, but without transparency, consultation and safeguards, they can risk exclusion and political misuse. 🇮🇳 India vs 🇺🇸 USA: Centralised ECI system vs decentralised electoral administration. 🎯 UPSC Focus: Electoral reforms • ECI • Voter ID • Democratic accountability • Federalism 📝 Mains Question: Can electoral safeguards become tools of exclusion? Discuss with reference to India and the U.S.

𝐃𝐀𝐈𝐋𝐘 𝐏𝐑𝐄𝐋𝐈𝐌𝐒 𝐏𝐘𝐐 | 𝟐𝟎𝐭𝐡 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟔 🎯 Target Exams: | UPSC | WBCS ! OPSC | State PCS Previous Year Questions don't just test your knowledge—they teach you how the examiner thinks. 👇🏾 Comment your answer (A / B / C / D) below!