Daily Current Affairs – July

With reference to the Competere Foundation's global competitiveness analysis and Market Distortions Performance Index, consider the following statements: 1 The Market Distortions Performance Index evaluates national economies across three core parameters: property rights protection, domestic competition, and international competition. 2 Key structural reforms contributing to India's rise from 82nd to 57th rank include the implementation of the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC). 3 Under the framework of the index, achieving a higher ranking requires a country to completely nationalize all private retail supply chains. How many of the statements given above are correct?

With reference to the legal mechanisms introduced under India's strict Anti-Paper Leak legislation, consider the following statements: 1 Offences committed under the anti-paper-leak Act by organized cheating syndicates are classified as cognizable, non-bailable, and non-compoundable. 2 The law mandates the establishment of specialized fast-track courts to ensure speedy trials and avoid procedural delays in examination fraud cases. 3 Under the statutory provisions, property belonging to convicted entities or syndicates involved in organized paper leaks can be attached and seized. How many of the statements given above are correct?

With reference to the El Niño-Southern Oscillation (ENSO) and Indian Monsoon dynamics, consider the following statements: 1 El Niño refers to the anomalous warming of surface waters in the central and eastern tropical Pacific Ocean. 2 An El Niño event typically correlates with weakened monsoonal rainfall over India, though positive Indian Ocean Dipole (IOD) conditions can mitigate its adverse impacts. 3 The World Meteorological Organization (WMO) enforces a legally binding treaty where any Pacific warming automatically triggers the immediate cancellation of monsoon season across South Asia. How many of the statements given above are correct?

Consider the following pairs regarding national legislative acts and their primary subject matters: 1 Prevention of Insults to National Honour Act, 1971: Safeguards the National Flag, Constitution, National Anthem, and National Song. 2 Insolvency and Bankruptcy Code (IBC): A structural economic law that streamlined corporate distress resolution and reduced market distortions in India. 3 Public Examinations Act: Prescribes stringent penal terms, fast-track courts, and heavy fines to eliminate systemic paper leaks. How many of the pairs given above are correctly matched?

Regarding the constitutional distribution of legislative powers over criminal law, national symbols, and public order under the Seventh Schedule, consider the following statements: 1 "Criminal Law" and "Criminal Procedure" fall under the Concurrent List (List III), allowing both Parliament and State Assemblies to frame legislation subject to constitutional rules. 2 Enacting national protection laws for the National Flag, Anthem, and Song falls under the legislative domain of Parliament to ensure uniform national application. 3 Individual state governments hold the exclusive constitutional authority to unilaterally declare a full conventional war against foreign nations without consulting the Central Government. How many of the statements given above are correct?