Current Affairs Quiz 28 October 2023
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Current Affairs Quiz 28 October 2023 for UPSC Prelims
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- Question 1 of 5
1. Question
Recently, Virtual Private Networks (VPN) was in the news. In this regard, consider the following statements:
1. VPN is an encryption tool to protect the user’s identity over the internet.
2. VPN service providers cannot store user data for more than six months.
3. Indian Computer Emergency Response Team (CERT-In) is the nodal agency for cybersecurity directives of VPN services in India.
Which of the statements given above is/are correct?CorrectAnswer: C
Recently, the Indian Computer Emergency Response Team (CERT-In) under the Ministry of Electronics
and Information Technology (MeitY) issued new directives that require Virtual Private Networks
(VPN) service providers to store user data for five years. Hence statement 2 is not correct.IncorrectAnswer: C
Recently, the Indian Computer Emergency Response Team (CERT-In) under the Ministry of Electronics
and Information Technology (MeitY) issued new directives that require Virtual Private Networks
(VPN) service providers to store user data for five years. Hence statement 2 is not correct. - Question 2 of 5
2. Question
Which of the following Fundamental Rights are guaranteed by the Indian Constitution
under the Right to Freedom?
1. Right to assemble peacefully
2. Right to form associations
3. Right to strike or effective bargaining
4. Right to life and personal liberty
Select the correct answer using the code given below.CorrectAnswer: C
The Supreme Court held that the trade unions have no guaranteed right to effective bargaining or right to
strike or right to declare a lock-out. The right to strike can be controlled by appropriate industrial
law. Hence, the option (c) is correct.IncorrectAnswer: C
The Supreme Court held that the trade unions have no guaranteed right to effective bargaining or right to
strike or right to declare a lock-out. The right to strike can be controlled by appropriate industrial
law. Hence, the option (c) is correct. - Question 3 of 5
3. Question
What are Systematically Important Banks (D- SIBs) as recognized by the Reserve Bank of India?
1) These banks are exempt from CRR and SLR regulations.
2) These are perceived as perceived as ‘Too Big to Fail (TBTF) banks.
3) The RBI determines a cut-off score beyond which banks are considered as D-SIBs.
Select the correct answer using the codes below.CorrectSolution: b)
Justification: A few banks assume systemic importance due to their size, cross-jurisdictional activities, complexity, lack of substitutability and interconnectedness. The disorderly failure of these banks has the propensity to cause significant disruption to the essential services provided by the banking system, and in turn, to the overall economic activity. These banks are considered Systemically Important Banks (SIBs) as their continued functioning is critical for the uninterrupted availability of essential banking services to the real economy. After adding the State Bank of India and private lender ICICI, the Reserve Bank of India has listed HDFC to systemically important banks list.
Statement 1: Since 2015, RBI has been identifying banks whose failure would impact the whole financial system. These banks are subject to more rigorous regulation and capital requirements. This perception of TBTF creates an expectation of government support for these banks at the time of distress. Due to this perception, these banks enjoy certain advantages in the funding markets. The indicators the RBI uses for identifying Domestic-SIBs are size, interconnectedness, substitutability, and complexity.IncorrectSolution: b)
Justification: A few banks assume systemic importance due to their size, cross-jurisdictional activities, complexity, lack of substitutability and interconnectedness. The disorderly failure of these banks has the propensity to cause significant disruption to the essential services provided by the banking system, and in turn, to the overall economic activity. These banks are considered Systemically Important Banks (SIBs) as their continued functioning is critical for the uninterrupted availability of essential banking services to the real economy. After adding the State Bank of India and private lender ICICI, the Reserve Bank of India has listed HDFC to systemically important banks list.
Statement 1: Since 2015, RBI has been identifying banks whose failure would impact the whole financial system. These banks are subject to more rigorous regulation and capital requirements. This perception of TBTF creates an expectation of government support for these banks at the time of distress. Due to this perception, these banks enjoy certain advantages in the funding markets. The indicators the RBI uses for identifying Domestic-SIBs are size, interconnectedness, substitutability, and complexity. - Question 4 of 5
4. Question
Consider the following statements regarding the United Nations Convention to Combat
Desertification (UNCCD):
1. The fifteenth Conference of the Parties (COP-15) of UNCCD has held in Abidjan.
2. The theme of the fifteenth Conference of the Parties (COP-15) was Land. Life. Legacy: From scarcity to prosperity.
3. It is the sole legally binding international agreement to address desertification.
Which of the statements given above are correct?
CorrectAnswer: D
IncorrectAnswer: D
- Question 5 of 5
5. Question
What is/are the importance/importances of the ‘ United Nations Convention to Combat Desertification’ ?
1. It aims to promote effective action through innovative national programmes and supportive international partnerships.
2. It has a special/particular focus on South Asia and North Africa regions, and its Secretariat facilitates the allocation of major portion of financial resources to these regions.
3. It is committed to bottom-up approach, encouraging the participation of local people in combating the desertification.
Select the correct answer using the code given below:CorrectAns: (c)
IncorrectAns: (c)
