Answer: D

Explanation:

Recently, the Prime Minister of India officially opened the new campus of Nalanda University in Rajgir, Bihar. Nalanda, located 95 kilometers from Patna, Bihar, and 110 kilometers from Bodh Gaya, is celebrated as one of the world’s oldest centers of learning. It was designated a UNESCO World Heritage Site in 2016, preceding Europe’s oldest university, Bologna, established in the 11th-12th century. Hence, statement 1 is correct.

Originally known as a mahavihara, or great monastery, Nalanda played a pivotal role as a monastic and scholastic institution in ancient and early medieval India. Hence, statement 2 is correct.

Primary historical accounts of Nalanda come from Chinese Buddhist monks like Xuanzang (Hiuen Tsang) and Yijing (I-Tsing), with Xuanzang's visit in the 7th century CE being particularly significant. Hence, statement 3 is correct.

The Pala dynasty, known for their Buddhist affiliations, supported Nalanda during their reign over Bihar, Bengal, and Bangladesh from the 8th to 12th centuries CE. Inscriptions from Nalanda record gifts from Devapala (821-861 CE), successor to Dharmapala, who further supported the monastery's maintenance. Hence, statement 4 is correct.

Answer: C

Explanation:

Recently, the Reserve Bank of India (RBI) invited applications for the recognition of Self Regulatory Organisations (SROs) for Non-bank financial companies (NBFCs). The Reserve Bank of India (RBI) is the central banking institution of India and regulatory body responsible for regulation of the Indian banking system. It was established on April 1, 1935, under the Reserve Bank of India Act, 1934. It was nationalized on January 1, 1949, which means the government took over ownership from private shareholders. Hence, statements 1 and 2 both are correct.

The bank was setup on the recommendations of the 1926 Royal Commission on Indian Currency and Finance, commonly referred to as the Hilton Young Commission. Hence, statement 3 is correct.

Answer: C

Explanation:

Recently, the National Human Rights Commission (NHRC) sends notice to Centre over ‘anti-labour practices’ at a warehouse of a multinational company in Haryana. The National Human Rights Commission is a statutory body. It was established on October 12, 1993, in accordance with the Paris Principles. Hence, statement 1 is incorrect.

This Commission is a multi-member body including a chairman, four members and four ex-officio members. The chairman and members serve for a five-year term or until they reach the age of 70, whichever comes first. Hence, statement 2 is incorrect.

Answer: A

Explanation:

Recently, the Central Government has decided to increase the Minimum Support Price for Kharif crops for marketing season 2024-25 on 14 crops. Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. Hence, statement I is correct.

When the Green Revolution began in the 1960s, India sought to bolster its food reserves and prevent shortages. The MSP system was initiated in 1966-67 for wheat and subsequently extended to other essential food crops, which were then sold to the poor at subsidized rates under the public distribution system. Hence, statement II is correct.

Here, statements I and II both are correct and statement II is the correct explanation of statement I.  Hence, option (a) is correct.

Answer: D

Explanation:

Recently, a one-horned rhinoceros and its calf wading through floodwaters have seen in Pobitora wildlife sanctuary. This Sanctuary is a wildlife reserve in the Morigaon district of Assam, located on the southern bank of the Brahmaputra River. Hence, statement 1 is correct.

This sanctuary is also known as "Mini Kaziranga" because of its similar landscape and vegetation. It was declared a reserve forest in 1971 and a wildlife sanctuary in 1987. The sanctuary is known for its great Indian One-horned rhinoceros population, which is one of the largest in Assam. Hence, statement 2 is correct.