* Statement 1 is incorrect: It is not mandated that the Governor of RBI will be the chairman of Bank Board Bureau (BBB).

* Statements 2 & 3 are correct: The BBB is empowered to select the heads of Public sector Banks. It also helps PSBs to develop strategies and capital raising plans.

* The broad agenda of the Banks Board Bureau was the administration of state-owned lenders. Its functions involve:

* providing assistance to Public Sector Banks to restructure their business strategies

* Assisting banks with the strategies to deal with issues of bad loans or stressed assets

* Strategies for raising capitals through innovative financial instruments and methods

* Recommendations to the government on top-level appointments like full-time Directors, non-Executive Chairman in PSBs.

* suggest plans for consolidation and merger with other banks while they are trapped in the problem of high collective gross NPAs.

* To advise the Central Government on matters relating to appointments, confirmation or extension of tenure and termination of services of the Directors of nationalised banks.

* To build a data bank containing data relating to the performance of nationalised banks and its officers.

* To advise the Central Government on the formulation and enforcement of a code of conduct and ethics for managerial personnel in nationalised banks.

* To advise the Central Government on evolving suitable training and development programs for managerial personnel in nationalised banks.

* So By Elimination the other two statements are correct.

 

Source : Bank Board Bureau official website, Indian Express

Statement 1 is incorrect:  Credit Rating Agencies (CRA) analyze a debtor’s ability to repay the debt and also rate their credit risk.

All the credit rating agencies in India are regulated by SEBI (Credit Rating Agencies) Regulations, 1999 of the Securities and Exchange Board of India Act, 1992.

There are a total of six credit agencies in India viz, CRISIL, CARE, ICRA, SMREA, Brickwork Rating, and India Rating and Research Pvt. Ltd.

Statement 2 is correct: ICRA Limited is a public limited company that was set up in 1991 in Gurugram. The company was formerly known as Investment Information and Credit Rating Agency of India Limited.

Statement 3 is correct: Brickwork Ratings is recognised as external credit assessment agency (ECAI) by Reserve Bank of India (RBI) to carry out credit ratings in India.

Brickwork Rating was established in 2007 and is promoted by Canara Bank. It offers ratings for bank loans, SMEs, corporate governance rating, municipal corporation, capital market instrument, and financial institutions.

Assam, West Bengal, Tamil Nadu, and Kerala are the major tea producing states in India.

Other states that produce tea include Himachal Pradesh, Uttarakhand, Meghalaya, Andhra Pradesh and Tripura.

Source : Tea association of India, News- Tea estates facing Crisis (Economic Times)

Statement 1 is correct: Tight monetary policy of the US federal Reserve could lead to capital flight. It is also called ‘Taper Tantrum’.

Statement 2 is correct: Interest risk associated with capital flight: capital flight increases the interest rate on firms with Existing borrowings.

Statement 3 is incorrect: Capital Risk associated with capital flight: Devaluation of domestic currency will increase the risk with external commercial borrowings.

It will increase the liability of domestic firms in terms of domestic currency.

Source : Press release of January 2022, RBI

Rules for slavery as per the Arthshastra

 

* A person enslaved because of the judicial punishment has been mentioned as dandpraneet u). This kind of slavery was of a fixed period because a Dandapraneet could be freed by serving his sentence. They were the criminals in the prison. They had to serve like slaves but at the same time Kautilya provides that they could be released after their period of punishment was completed.

* THE selling or mortgaging by kinsmen of the life of a Súdra who is not a born slave, and has not attained majority, but is an Arya in birth shall be punished with a fine of 12 panas; of a Vaisya, 24 panas; of a Kshatriya, 36 panas; and of a Bráhman, 48 panas. If persons other than kinsmen do the same, they shall be liable to the three amercements and capital punishment respectively: purchasers and abettors shall likewise be punished. It is no crime for Mlechchhas to sell or mortgage the life of their own offspring. But never shall an Arya be subjected to slavery.

* If a slave who is less than eight years old and has no relatives, no matter whether he is born a slave in his master’s house, or fallen to his master’s share of inheritance, or has been purchased or obtained by his master in any other way, is employed in mean avocations against his will or is sold or mortgaged in a foreign land;[9] or if a pregnant female slave is sold or pledged without any provision for her confinement, her master shall be punished with the first amercement. The purchaser and abettors shall likewise be punished.

* When a child is begotten on a female slave by her master, both the child and its mother shall at once be recognised as free.[10] If, for the sake of subsistence, the mother has to remain in her bondage, her brother and sister shall be liberated.

* Slaves had been treated as Chattels and they could be inherited from a father to his son, and slaves received in such a manner are described as Dayah-agatah in the Arthasastra of Kautilya. Dayad means given and this would suggest that slaves were given from father.

Source : archive, Wisdomlib

Statement 1 is incorrect: Next to the Portuguese, the Dutch set their feet in India.

In 1602, the United East India Company of the Netherlands was formed and given permission by the Dutch government to trade in the East Indies including India.

Gajapati Rule has declined in 1541. The last ruler was Kakharua Deva.

Statement 2 is correct: Alfanso de Albuquerque captured Goa from the Bijapur sultanate king Adil Shahis with the help of Vijaynagara Empire.

Statement 3 is correct : the English East India Company established a factory in Madras in 1639 on land leased from representatives of Vijayanagara Empire called the Nayakas.

Source : The Hindu newspaper- founders of Madras city, EAST INDIA COMPANY FACTORY RECORDS from British Library, London.

* The Sayyids were claimed to descent from the Prophet through his daughter Fatima. They Commanded special respect in Muslim society.

* Even the Timur protected the life of Sayyids during his invasion in India. Although his policy was one of general slaughter.

* The sayyids put on a pointed cap (kulah) and they were known as ‘Kulah Daran’ during Delhi sultanate.

Source : History of Medieval India by V.D Mahajan

Statement 1 is incorrect: Chengez Khan invaded India during the reign of Iltumish for the first time. He was the founder and first Great Khan of the Mongol Empire.

 

Statement 2 is correct: During the reign of Ala-ud-din Khalji, one of the Mongol invasion reached till the outskirts of Delhi city and besieged it.

 

Statement 3 is incorrect: Muhammad-bin-Tughlaq defeated the Mongols and he had not lost any of the portions of his kingdom to them.

 

Source: The Mongols and Delhi Sultanate- Cambridge

* Aryadeva (3rd century), a disciple of Nagarjuna, is a central figure in the development of early Indian Madhyamaka philosophy. Aryadeva’s Hundred Verses Treatise (Bai lun) was one of the three basic texts of the Chinese Madhyamaka school founded by the central Asian monk Kumarajiva (b. 344–d. 413), which accordingly was called the Sanlun (Jpn. Sanron), or “three-treatise” school. According to the biography that Kumarajiva translated into Chinese, Aryadeva was born into a South Indian Brahmin family, became Nagarjuna’s disciple, was renowned for his skill in debate, and was murdered by a student of a defeated teacher

* Dignaga, (born c. 480 CE—died c. 540), Buddhist logician and author of the Pramanasamuccaya (“Compendium of the Means of True Knowledge”), a work that laid the foundations of Buddhist logic.

* Sri Ranganathamuni, popularly known as Sriman Nathamuni, was a Vaishnava theologian who collected and compiled the Nalayira Divya Prabandham.

Source : Thehindu

* The Avadanashataka or "Century of Noble Deeds" is an anthology in Sanskrit of one hundred Buddhist legends, approximately dating to the same time as the Ashokavadana.

* Option 3 is incorrect. So by eliminating, we get option (b) as correct.

* The Parishishtaparvan also known as the Sthaviravalicharitra is a 12th-century Sanskrit mahakavya by Hemachandra which details the histories of the earliest Jain teachers.

* Mahapurana or Trishashthilkshana Mahapurana is a major Jain text composed largely by "Acharya'' Jinasena during the rule of Rashtrakuta ruler Amoghavarsha and completed by his pupil Gunabhadra in the 9th century CE. Mahapurana consists of two parts. The first part is Adi purana written by "Acharya'' Jinasena. The second part is Uttarapurana which is the section composed by Gunabhadra.

Source : Synonymsbot, Hyperleap