Answer: B

Explanation:

The Government e-Marketplace is being operated by the Ministry of Commerce and Industry. The government e-market is aimed at bringing transparency and increasing efficiency and speed in public procurement. It provides tools for the e-bidding process, and reverses e-auction and demand aggregation to facilitate government consumers and get the best value for government expenditure.

Under the notification dated December 8, 2017, amending the Government of India (Allocation of Business) Rules-1961, the development, operation, and maintenance of the National Public Procurement Portal Government e-Market has been included. Government users have been authorized to make purchases through Government e-Marketplace and it has been made mandatory by the Ministry of Finance by adding a new Rule No. 149 in the General Financial Rules-2017. Hence, statement 1 is incorrect while statement 2 is correct.

Answer: D

Explanation:

Many times companies issue instruments to raise money from the market for their business expansion etc. These are called bonds. These are different from shares issued in the capital market. These are generally long-term investment instruments and generally have a fixed maturity period.

Corporate bonds are debt securities issued by private and public corporations. Companies issue corporate bonds to raise money for a variety of purposes, such as building a new plant, purchasing equipment, or expanding a business. As per the new SEBI norms, corporate bond funds are required to invest at least 80 percent of their corpus in the highest-rated bonds.

Hence, statements 1 and 2 both are incorrect.

Answer: A

Explanation:

Public Financial Management System is an end-to-end solution for processing payments, tracking, monitoring, accounting, reconciliation and reporting. It is administered by the Department of Expenditure and implemented by the Controller General of Accounts.

Its main function is to provide an integrated platform for tracking the releases and monitoring their last-mile utilization, providing a platform for efficient management of funds that are to be used for DBT payments under MNREGA and other notified schemes of the Government of India. Hence, option (a) is correct.

Answer: D

Explanation:

Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over time. In India, Wholesale Price Index (WPI) and Consumer Price Index (CPI) are different indices that measure the inflation rate. The Wholesale Price Index is the most widely used inflation indicator in India. It is published by the Ministry of Commerce and Industry. The base year of All India WPI has been revised from 2004-05 to 2011-12 in 2017. Hence, statement 1 is incorrect.

The Wholesale Price Index does not measure changes in the prices of services but the Consumer Price Index does. Hence, statement 2 is incorrect.

Answer: A

Explanation:

Insider trading is the buying or selling of a security by someone who has access to material, non-public information about the security. The Securities and Exchange Board of India has devised mechanisms to prevent insider trading on the recommendations of T. K. Vishwanathan. The committee has recommended market regulator Securities and Exchange Board of India to get powers to tap telephones and other electronic communication devices to investigate insider trading and other frauds. At present, SEBI has the power to seek only call records, including the numbers called and the duration of the calls made. Hence, option (a) is correct.