Current Affairs Quiz 01 October 2022
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Current Affairs Quiz 01 October 2022 for UPSC Prelims
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- Question 1 of 5
1. Question
Which of the following are correctly matched?
1. Repo Rate = is when the RBI borrows money from banks when there is excess liquidity in the market.
2. Reverse Repo Rate = is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds.CorrectAns;- d) None of the above
Explanation;-
• Both the statements are reversed.
• Reverse Repo Rate is a mechanism to absorb the liquidity in the market, thus restricting the borrowing power of investors. Reverse Repo Rate is when the RBI borrows money from banks when there is excess liquidity in the market. The banks benefit out of it by receiving interest for their holdings with the central bank.
• Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.
IncorrectAns;- d) None of the above
Explanation;-
• Both the statements are reversed.
• Reverse Repo Rate is a mechanism to absorb the liquidity in the market, thus restricting the borrowing power of investors. Reverse Repo Rate is when the RBI borrows money from banks when there is excess liquidity in the market. The banks benefit out of it by receiving interest for their holdings with the central bank.
• Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.
- Question 2 of 5
2. Question
Consider the following statements with reference to inflation:
1. Inflation reduces the purchasing power of the currency.
2. Producers are worst affected by inflation.
Which of the statements given above is/are correct?CorrectAnswer: A
Producers are worst affected by fall in prices or deflation. Their profit level falls due to fall
in prices forcing them to reduce investment. Hence, statement 2 is not correct.IncorrectAnswer: A
Producers are worst affected by fall in prices or deflation. Their profit level falls due to fall
in prices forcing them to reduce investment. Hence, statement 2 is not correct. - Question 3 of 5
3. Question
With reference to digital payments, consider the following statements:
1 . BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account.
2 . While a chip-pin debit card has four factors authentication, BHIM app has only two factors of authentication.
Which of the statements given above is/are correct?CorrectAnswer – a
The BHIM apps has three levels of authentication. For one, the app binds with a device’s ID and mobile number, second a user needs to sync whichever bank account (UPI or non-UPI enabled) in order to the conduct transaction. Third, when a user sets up the app they are asked to create a pin which is needed to log into the app. Further, the UPI pin, which a user creates with their bank account is needed to go through with the transaction.
IncorrectAnswer – a
The BHIM apps has three levels of authentication. For one, the app binds with a device’s ID and mobile number, second a user needs to sync whichever bank account (UPI or non-UPI enabled) in order to the conduct transaction. Third, when a user sets up the app they are asked to create a pin which is needed to log into the app. Further, the UPI pin, which a user creates with their bank account is needed to go through with the transaction.
- Question 4 of 5
4. Question
With reference to Lightning, consider the following statements:
1. Lightning is a natural ‘electrical discharge of very short duration and high voltage between a cloud and the ground or within a cloud
2. Inter cloud or intra cloud (IC) lightning are visible and extremely harmful.
3. Cloud to ground (CG) lightning is harmlessWhich of the statements given above is/are correct?
CorrectAnswer: a
What is Lightning?
• Lightning is a natural ‘electrical discharge of very short duration and high voltage between a cloud and the ground or within a cloud’, accompanied by a bright flash and sound, and sometimes thunderstorms.
• In simple words, it is a very rapid and massive discharge of electricity in the atmosphere.
• It happens as a result of the difference in electrical charge between the top and bottom of a cloud, or between 2 clouds or between clouds and the ground.
• Inter cloud or intra cloud (IC) lightning are visible and harmless.
• Cloud to ground (CG) lightning is harmful as the ‘high electric voltage and electric current’ leads to electrocution.IncorrectAnswer: a
What is Lightning?
• Lightning is a natural ‘electrical discharge of very short duration and high voltage between a cloud and the ground or within a cloud’, accompanied by a bright flash and sound, and sometimes thunderstorms.
• In simple words, it is a very rapid and massive discharge of electricity in the atmosphere.
• It happens as a result of the difference in electrical charge between the top and bottom of a cloud, or between 2 clouds or between clouds and the ground.
• Inter cloud or intra cloud (IC) lightning are visible and harmless.
• Cloud to ground (CG) lightning is harmful as the ‘high electric voltage and electric current’ leads to electrocution. - Question 5 of 5
5. Question
The “Cultivating the Common Ground” is conducted by which of the following Organizations?
CorrectAns;- a) IUCN
The Conserving land health is a common concern for both the agriculture and conservation sectors, and will be central to a post-Covid19 recovery. Following the publication of its seminal Common Ground report on agriculture and biodiversity, IUCN held a virtual dialogue to build trust, spark partnerships and kick start joint action.
The Cultivating the Common Ground: mutual benefits for conservation and agriculture.
The International Union for Conservation of Nature (IUCN) and partners have the pleasure of introducing you to the first-of-its-kind private sector focused on Sustainable Agriculture.
IncorrectAns;- a) IUCN
The Conserving land health is a common concern for both the agriculture and conservation sectors, and will be central to a post-Covid19 recovery. Following the publication of its seminal Common Ground report on agriculture and biodiversity, IUCN held a virtual dialogue to build trust, spark partnerships and kick start joint action.
The Cultivating the Common Ground: mutual benefits for conservation and agriculture.
The International Union for Conservation of Nature (IUCN) and partners have the pleasure of introducing you to the first-of-its-kind private sector focused on Sustainable Agriculture.
