16th June 2025

Explanation - Both are correct. Title rights – Ownership to land that is being farmed by tribals or forest dwellers subject to a maximum of 4 hectares; ownership is only for land that is actually being cultivated by the concerned family (as on December 13, 2005 and not thereafter), meaning that no new lands are granted. Section 2(i) of the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 defines a Minor Forest Produce (MFP) as all non-timber forest produce of plant origin and includes bamboo, brushwood, stumps, canes, Tusser, cocoon, honey, waxes, Lac, tendu/kendu leaves, medicinal plants and herbs, roots, tuber and the like. 

Explanation - Zero-Coupon Bonds are a debt instrument that does not pay periodic interest but is issued at a discount rate to its face value. These are also known as discount bonds, are issued at a discount on the bond's face value and do not pay periodic interest to bondholders. They offer payment at face value at maturity so zero-coupon bonds tend to fluctuate in price on the secondary market much more than coupon bonds. Advantages of Zero Coupon Bonds — Varied investment horizon — These bonds suit investors with long-term and short-term investment motives. Less risky — These bonds are considered less risky than coupon bonds, as the investors have to buy and leave them until maturity. Disadvantages of Zero Coupon Bonds — Period — It is only suited for long-term investment purposes. People with short-term motives cannot invest in these bonds. No regular income — The investor does not get a fixed, steady income from such bonds. 

Explanation - The IAEA is the world's centre of cooperation in the nuclear field. It was set up as the world's "Atoms for Peace" organisation in 1957 within the United Nations family. It seeks to promote the peaceful use of nuclear energy, and to inhibit its use for any military purpose, including nuclear weapons. It is not under direct control of the UN. Though established independently of the United Nations through its own international treaty, the IAEA Statute, the IAEA reports to both the United Nations General Assembly and Security Council. The IAEA Secretariat is headquartered at the Vienna International Centre in Vienna, Austria. The IAEA serves as an intergovernmental forum for scientific and technical cooperation in the peaceful use of nuclear technology and nuclear power worldwide. Currently, it has 173 member states. 

Explanation - Both are correct. Title rights – Ownership to land that is being farmed by tribals or forest dwellers subject to a maximum of 4 hectares; ownership is only for land that is actually being cultivated by the concerned family (as on December 13, 2005 and not thereafter), meaning that no new lands are granted. Section 2(i) of the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 defines a Minor Forest Produce (MFP) as all non-timber forest produce of plant origin and includes bamboo, brushwood, stumps, canes, Tusser, cocoon, honey, waxes, Lac, tendu/kendu leaves, medicinal plants and herbs, roots, tuber and the like. 

Explanation: Statement 1 is incorrect as NUDGE follows a "trust first" philosophy encouraging voluntary tax disclosure rather than being punitive1. Statement 2 is correct as VDA gains are subject to a flat 30% tax rate regardless of the individual's income tax slab. 

Explanation: Statement 1 is incorrect as the strait connects the Persian Gulf with the Gulf of Oman and then the Arabian Sea, not directly with the Arabian Sea1. Statement 2 is correct as the north is bordered by Iran while the south is bordered by UAE and Oman's Musandam Peninsula1. Statement 3 is correct as it handles about 21% of global petroleum liquids consumption.