Current Affairs Quiz 17 June 2023
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Current Affairs Quiz 17 June 2023 for UPSC Prelims
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- Question 1 of 5
1. Question
Given below are the names of four energy crops. Which one of them can be cultivated for ethanol?
CorrectAns: (b)
IncorrectAns: (b)
- Question 2 of 5
2. Question
According to India’s National Policy on Biofuels, which of the following can be used as raw materials for the production of biofuels?
1. Cassava
2. Damaged wheat grains
3. Groundnut seeds
4. Horse gram
5. Rotten potatoes
6. Sugar beet
Select the correct answer using the code given below:CorrectAns: (a)
IncorrectAns: (a)
- Question 3 of 5
3. Question
Consider the following statements with reference to Sovereign Gold Bond Scheme:
1. Sovereign Gold Bond Scheme was introduced in the Union Budget 2020- 21
2. The minimum permissible investment limit will be 1000 grams of gold.
Which of the statements given above is/are correct?CorrectAnswer: D
About Sovereign Gold Bond Scheme (SGB)
• The Sovereign Gold Bond Scheme was introduced in the Union Budget 2015-16 by the Union Cabinet which was chaired by PM Narendra Modi.
• It was launched to reduce the demand for physical gold and with an aim to invest a part of these physicals gold bars and coins that are purchased every year into financial savings in the form of gold bonds.
• Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.
• The Bond is issued by Reserve Bank on behalf of Government of India.
• Government introduced these bonds to help reduce India’s over dependence on gold imports.
• The move was also aimed at changing the habits of Indians from saving in physical form of gold to a paper form with Sovereign backing.
• The bonds will be restricted for sale to resident Indian entities, including individuals, Hindu Undivided Family (HUFs), trusts, universities and charitable institutions.
• The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
• The tenor will be for a period of 8 years with exit option from the 5th year to be exercised on the interest payment dates.
• The minimum permissible investment limit will be 1 gram of gold, while the maximum limit will be 4 kg for individual, 4 kg for HUF and 20 kg for trusts and similar entities per fiscal (April-March) notified by the government from time to time.
• In case of joint holding, the investment limit of 4 kg will be applied to the first applicant only.
• Bonds can be used as collateral for loans.
• The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time.IncorrectAnswer: D
About Sovereign Gold Bond Scheme (SGB)
• The Sovereign Gold Bond Scheme was introduced in the Union Budget 2015-16 by the Union Cabinet which was chaired by PM Narendra Modi.
• It was launched to reduce the demand for physical gold and with an aim to invest a part of these physicals gold bars and coins that are purchased every year into financial savings in the form of gold bonds.
• Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.
• The Bond is issued by Reserve Bank on behalf of Government of India.
• Government introduced these bonds to help reduce India’s over dependence on gold imports.
• The move was also aimed at changing the habits of Indians from saving in physical form of gold to a paper form with Sovereign backing.
• The bonds will be restricted for sale to resident Indian entities, including individuals, Hindu Undivided Family (HUFs), trusts, universities and charitable institutions.
• The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
• The tenor will be for a period of 8 years with exit option from the 5th year to be exercised on the interest payment dates.
• The minimum permissible investment limit will be 1 gram of gold, while the maximum limit will be 4 kg for individual, 4 kg for HUF and 20 kg for trusts and similar entities per fiscal (April-March) notified by the government from time to time.
• In case of joint holding, the investment limit of 4 kg will be applied to the first applicant only.
• Bonds can be used as collateral for loans.
• The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time. - Question 4 of 5
4. Question
Consider the following statements:
1) The earth is revolving around the sun in an elliptical orbit leads to seasonal variation in solar energy received by the earth.
2) The closest point to the Sun in a planet’s orbit is called Aphelion
Which of the following statements is/are correct?CorrectEarth’s Distance from Sun: The earth is revolving around the sun in an elliptical orbit, resulting continuous change in the distance between sun and the earth on annual basis. It leads to seasonal variation in solar energy received by the earth. During aphelion the northern hemisphere is facing the sun and therefore receives energy about 7 percent less than the perihelion (southern hemisphere).
The closest point to the Sun in a planet’s orbit is called perihelion.
IncorrectEarth’s Distance from Sun: The earth is revolving around the sun in an elliptical orbit, resulting continuous change in the distance between sun and the earth on annual basis. It leads to seasonal variation in solar energy received by the earth. During aphelion the northern hemisphere is facing the sun and therefore receives energy about 7 percent less than the perihelion (southern hemisphere).
The closest point to the Sun in a planet’s orbit is called perihelion.
- Question 5 of 5
5. Question
Consider the following heavy industries:
1. Fertiliser plants
2. Oil refineries
3. Steel plants
Green hydrogen is expected to play a significant role in decarbonizing how many of the above industries?CorrectAns: (c)
IncorrectAns: (c)
