Daily Quiz 14th October

Explanation:

• Ad Hoc Committees set up by the Parliament may examine the working of regulators. For instance, the terms of reference of the Joint Parliamentary Committee (JPC) on the allocation of 2G spectrum include the review of the policy on spectrum pricing and the grant of telecom licences. Hence statement 1 is correct
• In India, there are 24 Department Related Standing Committees that comprise members from both Houses of Parliament. These committees are Ministry specific, and may review the working of regulators within their respective departments.Hence statement 2 is correct
• The role of the Finance Commission is advisory in nature and they do not review independent regulators. Hence statement 3 is incorrect

Explanation:

• The draft National Strategy on Robotics promotes the use of robotics to improve quality assessment and operational efficiency across a range of sectors. It recognizes the potential of robotics as a valuable tool for enhancing productivity and quality in various industries. This approach focuses on leveraging technology to benefit the workforce and the economy.Hence statement 1 is correct
• Proposing stringent regulations to limit the deployment of robotics in industries with a significant labour force," is not the approach taken in the draft National Strategy on Robotics. Instead, the strategy encourages the adoption of robotics as a means to enhance efficiency and quality in various sectors. It does not propose restrictive regulations that would limit the use of robotics. Hence statement 2 is incorrect

Explanation:

• The weightage of food in the CPI is close to 50%. Weightage of Food group in WPI is 39.06%.Hence statement 1 is correct

• The WPI inflation does not capture price changes in services but the CPI does.Hence statement 2 is correct

• The Reserve Bank of India on 1 April 2014 adopted the Consumer Price Index (CPI) as the key measure of Inflation. Till then the Reserve Bank of India (RBI) was using Wholesale Price Index (WPI) to gauge and measure indicative inflation projections.Hence statement 3 is incorrect

Explanation:

• The Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006, commonly known as the Forest Rights Act, is a landmark piece of legislation in India that aims to recognize and secure the rights of forest-dwelling communities, particularly Scheduled Tribes and other traditional forest dwellers, over the forest land and its resources they have been dependent on for generations. The Ministry of Tribal Affairs is the nodal agency responsible for effectively implementing this act at the national level. Hence statement 4 is correct

Explanation:

• To expedite legal loopholes leading to the acquittal of guilty individuals" is not the primary aim of implementing a consistent and reliable code of investigation. The key goal is to improve the quality of investigations and rectify any lapses, ensuring that justice is served for victims and preventing the acquittal of the guilty due to investigative shortcomings. The focus is on enhancing the integrity and effectiveness of the criminal justice system.Hence statement 1 is incorrect
• To rectify investigative lapses and ensure justice for victims while preventing the acquittal of the guilty due to investigative shortcomings" is the correct answer. This is the primary aim of implementing a consistent and reliable code of investigation, as highlighted by the Supreme Court of India and the recommendations of the Malimath Committee. It emphasizes the need to address deficiencies in investigations, raise the standards of evidence collection, and protect the rights of all stakeholders involved in the legal process. Hence statement 2 is correct