With reference to the recent amendment to the India–Sri Lanka Double Taxation Avoidance Agreement (DTAA), consider the following statements:

1. The Principal Purpose Test (PPT) can deny treaty benefits if an arrangement is primarily intended to obtain tax advantages.
2. The amendment was introduced to promote treaty shopping and reduce tax liabilities for multinational companies.
3. The Base Erosion and Profit Shifting (BEPS) initiative was launched by the OECD and G20 to curb tax avoidance by multinational enterprises.

Which of the statements given above is/are correct?

With reference to the 'Adarsh Gram' component under the Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY), consider the following statements:

1. It aims at the integrated development of Scheduled Caste (SC)-majority villages through convergence of Central and State schemes.
2. Villages with a population of at least 500 and more than 40% Scheduled Caste population are eligible under the scheme.
3. PM-AJAY is implemented by the Ministry of Rural Development.

Which of the statements given above is/are correct?

With reference to the Ken–Betwa Link Project (KBLP), consider the following statements:

1. It is India's first major river interlinking project under the National Perspective Plan for River Interlinking.
2. The project proposes to transfer surplus water from the Betwa River to the Ken River.
3. The Daudhan Dam to be constructed under Phase-I is located on the Ken River.
4. Both the Ken and Betwa Rivers are tributaries of the Yamuna River.

Which of the statements given above are correct?

With reference to Lestes paloti, recently seen in the news, consider the following statements:

1. It is a newly discovered species of spreadwing damselfly belonging to the family Lestidae.
2. It has been discovered in the Western Ghats of Kerala and inhabits scrub vegetation around homesteads and laterite hillocks.
3. It exhibits a seasonal colour change, appearing brown during the dry season and bluish during the monsoon.
4. It belongs to the order Lepidoptera.

Which of the statements given above is/are correct?

With reference to the Reserve Bank of India’s (RBI) Rules on Specified Non-Financial Assets (SNFA), consider the following statements:

1. SNFAs are immovable properties repossessed by banks from defaulting borrowers after a loan is classified as a Non-Performing Asset (NPA).
2. Repossessed SNFAs may be sold back to the original borrower if the outstanding dues are fully repaid.
3. SNFAs are excluded from the calculation of gross and net NPA figures and are reported separately.
4. The distress sale value of an SNFA is determined by two independent external valuers.

Which of the statements given above are correct?

Assertion (A): India's Gen Z faces high unemployment despite higher levels of educational attainment.

Reason (R): The education system often fails to equip graduates with industry-relevant skills.