Answer: D

Explanation:

Recently, the Securities and Exchange Board of India (Sebi) has received the Best Conduct of Business Regulator in Asia Pacific award by The Asian Banker in Hong Kong. The Securities and Exchange Board of India (SEBI) is the regulatory body for the securities and commodity markets in India under the jurisdiction of the Ministry of Finance, Government of India. Hence, statement 1 is correct.

Established on April 12, 1988, SEBI was initially a non-statutory body, but it gained statutory status on January 30, 1992, through the SEBI Act, 1992. Hence, statement 2 is correct.

It is a quasi-legislative and quasi-judicial body which can draft regulations, conduct inquiries, pass rulings and impose penalties. It is a member of the International Organization of Securities Commissions (IOSCO). Hence, statement 3 is correct.

Answer: A

Explanation:

Recently, the Andaman Islands' Onge tribe celebrated the birth of a baby boy to King Totoko and Queen Priya, increasing the tribe's total population to 136. The Onge are an indigenous Andamanese ethnic group and one of the oldest tribes in India. Hence, statement 1 is correct.

This tribe is also one of the world's least prolific and infertile communities. The Onge are semi-nomadic and live in two reserve camps on Little Andaman, Dugong Creek in the northeast and South Bay. Until the 1940s, they were the sole permanent inhabitants of Goubalambabey (the Onge name for Little Andaman). Hence, statement 2 is incorrect.

Answer: D

Explanation:

For the first time since 1962, a government has secured a third consecutive term after serving two consecutive terms spanning a decade. A coalition government forms when multiple political parties come together to govern based on a common agreed programme. Hence, statement I is incorrect.

Coalition governments typically occurs in modern parliaments when no single party secures a clear majority. Key features of a coalition government include its necessity for at least two parties to collaborate in governance, often favoring practicality over ideological purity. Hence, statement II is correct.

Here, statement I is incorrect but statement II is correct. Hence, option (d) is correct.

Answer: C

Explanation:

Recently, the External Affairs Ministry stated that the four Indian students, who were studying at the Yaroslav-the-Wise Novgorod State University in Russia, drowned in an unfortunate incident in the Volkhov river. The Volkhov River is located in northwestern Russia. It originates from Lake Ilmen and flows into Lake Ladoga. Hence, statement 1 is correct.

This river is historically significant as part of the ancient trade route "from the Varangians to the Greeks." Important tributaries of the Volkhov River include the Vishera and the Msta Rivers. Hence, statement 2 is correct.

Answer: D

Explanation:

Recently, Dubai conclave unveiled major advancements in India-UAE digital payments. United Arab Amirates is a country located in West Asia. UAE shares its borders with Oman to the east, Persian Gulf to the north, Saudi Arabia to the south and west and Qatar to the northwest. Abu Dhabi is the capital of United Arab Emirates. The highest point in the United Arab Emirates is Jebel Jais. The Burj Khalifa in Dubai, the world's tallest building. This country is a member of various international organizations, including the United Nations, OPEC and the Gulf Cooperation Council (GCC). Hence, option (d) is correct.