Daily UPSC Current Quiz : 6 August 2026

Consider the following statements regarding the International Union for Conservation of Nature (IUCN):

1. It is an international organization composed exclusively of sovereign nation-states and government agencies.

2. The IUCN Red List of Threatened Species classifies species into distinct categories based on extinction risk.

3. Its headquarters is located in Gland, Switzerland.

Which of the statements given above is/are correct?

Consider the following statements with reference to the Wild Life (Protection) Act, 1972 of India:

1. It extends across the entire territory of India, including the state of Jammu and Kashmir.

2. Schedule I of the Act provides absolute protection to listed species with maximum penalties for violations.

3. Plants and flora are completely excluded from the purview of this legislation.

Which of the statements given above is/are correct?

Consider the following statements regarding the devolution of funds and fiscal federalism in India:

1. The Finance Commission recommends the distribution of net proceeds of taxes between the Union and the States, known as vertical devolution.

2. Cesses and surcharges levied by the Union Government are included in the divisible pool of taxes shared with the States.

3. Income distance has traditionally been given significant weightage in horizontal devolution criteria to ensure equity among states.

Which of the statements given above is/are correct?

In the context of the monetary policy framework of India, what is the immediate economic effect if the Reserve Bank of India (RBI) decides to increase the Repo Rate?