Q1. With reference to the marginal cost of fund based lending rate (MCLR), consider the following statements:

1. It is the minimum interest rate that a bank can lend at.
2. Base rate structure replaced MCLR methodology for fixing interest rates.

Which of the statements given above is/are correct?

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Q2. Consider the following statements regarding the appointment of judges:

1. The judges of the Supreme Court and the High Courts are selected by the Collegium of judges mentioned in the Constitution.
2. The High Court judges are recommended by a Collegium, comprising the Chief Justice of India (CJI) and the four senior most judges.

Which of the statements given above is/are correct?

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Q3. In the context of the economy, which one of the following statements best describes the term 'Shadow banking'?

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Q4. In the context of Corporate Social Responsibility (CSR), consider the following statements:

1. The concept of CSR in India is governed by the Companies Act, 2013.
2. India is the first country in the world to mandate CSR spending along with a framework to identify potential CSR activities.
3. The CSR provisions within the Act are only applicable to companies with an annual turnover of Rs. 5 crores and more.

Which of the statements given above are correct?

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Q5. With reference to diabetes, consider the following statements:

1. Type 1 diabetes is the most common type of diabetes.
2. Type 2 diabetes is most commonly diagnosed in children.
3. Gestational diabetes mellitus (GDM) may affect the health of both mother and child.

How many of the statements given above are correct?

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