Vision IAS CSP 2019 Test 25 Solutions.pdf - Join Our...

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1 ©Vision IAS VISION IAS ANSWERS & EXPLANATION GENERAL STUIDES (P) TEST 2675 (2019) Q 1.C A ―National Small Savings Fund‖ (NSSF) in the Public Account of India has been established with effect from 1.4.1999. A new sub sector has been introduced called ―National Small Savings Fund‖ in the list of Major and Minor Heads of Government Accounts. All small savings collections are credited to this Fund. Similarly, all withdrawals under small savings schemes by the depositors are made out of the accumulations in this Fund. Small Saving schemes is an important source of household savings in India. Small savings instruments can be classified under three heads. These are: (i) postal deposits [comprising savings account, recurring deposits, time deposits of varying maturities and monthly income scheme(MIS)]; (ii) savings certificates [(National Small Savings Certificate VIII (NSC) and Kisan Vikas Patra (KVP)]; and (iii) social security schemes [(public provident fund (PPF) and Senior Citizens‗ Savings Scheme(SCSS )]. Hence statements 1 and 2 are correct. The Union Cabinet has given its approval to exclude State Governments States/UTs (with Legislature) except Arunachal Pradesh, Delhi, Kerala and Madhya Pradesh from National Small Savings Fund (NSSF) investments from 01.04.2016. Arunachal Pradesh shall be given loans to the tune of 100% of NSSF collections within its territory, whereas Delhi, Kerala and Madhya Pradesh shall be provided 50% of collections. The Fourteenth Finance Commission (FFC) recommended that State Governments be excluded from the investment operations of the NSSF. The NSSF loans come at an extra cost to the State Government as the market rates are considerably lower. Q 2.B The 44th Amendment Act of 1978 made the following amendments:- It substituted the words 'armed rebellion' for 'internal disturbance'. Thus, it is no longer possible to declare a National Emergency on the ground of ‗internal disturbance‘ as was done in 1975. The President can proclaim a national emergency only after receiving a written recommendation from the Cabinet. This means that the emergency can be declared only on the concurrence of the Cabinet and not merely on the advice of the Prime Minister. The proclamation of Emergency must be approved by both the Houses of Parliament within one month from the date of its issue (originally, the period allowed for approval by the Parliament was two months). If approved by both the Houses of Parliament, the emergency continues for six months, and can be extended to an indefinite period with an approval of the Parliament for every six months. Every resolution approving the proclamation of emergency or its continuance must be passed by each of the Houses of Parliament by a special majority, that is, (a) a majority of the total membership of that house, and (b) a majority of not less than two-thirds of the members of that house present and voting.
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