Which of the following statement(s) is/are correct about the ‘Insolvency and Bankruptcy Code’?

1. It aims to resolve insolvency within a period of 90 days.

2. National Company Law Tribunal under the IBC aims to adjudicate insolvency proceedings of companies and other limited liability entities.

3. Insolvency and Bankruptcy Board of India is the apex body for the governance and administration of the IBC involving members who are former judges of the Supreme Court.

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Which of the following statement(s) is/are correct about the ‘UNCLOS, 1982’?

1. United Nations Convention on the Laws of the Sea (UNCLOS) was adopted in 1982 to establish jurisdictional limits over the ocean areas.

2. It provides for technology and wealth transfer from developed to underdeveloped nations and requires parties to implement regulations and laws to control marine pollution.

3. It also delineates the Exclusive Economic Zone for the member countries.

4. India is an associate member of the UNCLOS.

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Which of the following activities is/are permitted in the Exclusive Economic Zones as per the UNCLOS?

1. Under the EEZ, India (a UNCLOS member) is free to exploit resources such as fisheries or seabed mining without having any territorial claims to it.

2. The concept of ‘innocent passage’ is applicable on EEZ and not in territorial waters.

3. UNCLOS does not permit continental states to claim Straight Baselines.

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The ‘Annual State of Education Report’ is released by the -

Which of the following statement(s) is/are correct about the ‘World Economic Forum’?

1. It provides a platform to businesses and governments to interact and mushroom investments for themselves. 

2. It was originally known as the European Management Forum.

3. The theme of WEF 2023 is ‘The Great Reset’.

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