Which of the following statement(s) is/are correct about the ‘Financial Services Institutions Bureau’?

1. It was established upon the proposal of the Department of Financial Services.

2. It has replaced the erstwhile Banks Board Bureau to select the chiefs of public sector banks and public sector insurance companies.

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Which of the following statement(s) is/are correct about the ‘Environment Protection Act, 1986’?

1. It was enacted in 1986 by using the provisions of Article 253 of the Constitution which empowers the Parliament to make any law for implementing any treaty, agreement or convention with any other countries or any decision made at any international conference.

2. It was enacted to implement the decisions made at the Stockholm Conference.

3. It is an umbrella legislation to provide a framework for the coordination of central and state authorities established under the Water Act, 1974 and the Air Act, 1981.

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Which of the following statement(s) is/are correct about the ‘Foreign Contribution Regulation Act’?

1. The FCRA Amendment in 2022 has allowed a person to receive up to Rs 10 lakhs in a year from relatives staying abroad without informing the authorities.

2. FCRA has also limited the utilisation of foreign funds at 20% of the total foreign funds received for administrative expenses.

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Which of the following statement(s) is/are correct about the Foreign Contribution (Regulation) Act, 1976?

1. A registered NGO can receive foreign contribution for any purpose provided it clearly mentions the purpose at the time of registration.

2. The supervision of FCRA licenses fall under the Union Ministry of Home Affairs.

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Which of the following statement(s) is/are correct about the ‘Purchasing Managers’ Index’?

1. It is calculated from monthly surveys of purchasing managers and supply executives of Fortune 500 companies.

2. It gives an indication of the economic health of manufacturing sector.

3. It is calculated for the manufacturing sector as well as the services sector.

4. It is released monthly by the Reserve Bank of India in the first week.

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