Current Affairs Quiz 20 July 2024
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Current Affairs Quiz 20 July 2024 for UPSC Prelims
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- Question 1 of 5
1. Question
With reference to Electronic Trading Platforms (ETPs), consider the following statements:
1. ETPs are electronic systems that are part of recognised stock exchanges.
2. In India, the operation of an ETP requires prior authorisation from the Securities and Exchange Board of India (SEBI).
3. An aspiring ETP operator in India should maintain a minimum net-worth of Rs.5 crore and uphold this net-worth threshold consistently.Which of the statements given above is/are correct?
CorrectAnswer: (c) 1 and 3 only
Explanation:
Statement 1 is incorrect as ETPs are electronic systems distinct from recognised stock exchanges, facilitating transactions in eligible instruments such as securities, money market instruments, foreign exchange instruments, and derivatives, not part of recognised stock exchanges.
Statement 2 is incorrect as the operation of an ETP in India requires prior authorisation from the Reserve Bank of India (RBI) as per The Electronic Trading Platforms (Reserve Bank) Directions, 2018, not from the Securities and Exchange Board of India (SEBI).
Statement 3 is correct as an aspiring ETP operator in India should maintain a minimum net-worth of Rs.5 crore and uphold this net-worth threshold consistently.IncorrectAnswer: (c) 1 and 3 only
Explanation:
Statement 1 is incorrect as ETPs are electronic systems distinct from recognised stock exchanges, facilitating transactions in eligible instruments such as securities, money market instruments, foreign exchange instruments, and derivatives, not part of recognised stock exchanges.
Statement 2 is incorrect as the operation of an ETP in India requires prior authorisation from the Reserve Bank of India (RBI) as per The Electronic Trading Platforms (Reserve Bank) Directions, 2018, not from the Securities and Exchange Board of India (SEBI).
Statement 3 is correct as an aspiring ETP operator in India should maintain a minimum net-worth of Rs.5 crore and uphold this net-worth threshold consistently. - Question 2 of 5
2. Question
With reference to the Suvidha Portal by the Election Commission of India (ECI), consider the following statements:
1. The Suvidha portal is developed by the Election Commission of India (ECI) to facilitate the sale of electoral bonds.
2. The Suvidha Portal streamlines the process for political parties and candidates to request permissions and facilities during elections based on the “First in First Out” principle.
3. A dedicated Suvidha companion app allows applicants to monitor the real-time status of their requests.Which of the statements given above is/are correct?
CorrectAnswer: (b) 2 and 3 only
Explanation:
Statement 1 is incorrect as the Suvidha portal is developed by the Election Commission of India (ECI) to uphold democratic values by ensuring free, fair, and transparent elections, not to facilitate the sale of electoral bonds.
Statement 2 is correct as the Suvidha Portal streamlines the process for political parties and candidates to request permissions and facilities during elections based on the “First in First Out” principle.
Statement 3 is correct as a dedicated Suvidha companion app allows applicants to monitor the real-time status of their requests, further enhancing transparency and user convenience.IncorrectAnswer: (b) 2 and 3 only
Explanation:
Statement 1 is incorrect as the Suvidha portal is developed by the Election Commission of India (ECI) to uphold democratic values by ensuring free, fair, and transparent elections, not to facilitate the sale of electoral bonds.
Statement 2 is correct as the Suvidha Portal streamlines the process for political parties and candidates to request permissions and facilities during elections based on the “First in First Out” principle.
Statement 3 is correct as a dedicated Suvidha companion app allows applicants to monitor the real-time status of their requests, further enhancing transparency and user convenience. - Question 3 of 5
3. Question
With reference to solar eclipses, consider the following statements:
1. A solar eclipse occurs when the Earth is covered in a shadow cast by the Moon which fully or partially blocks sunlight.
2. A total solar eclipse can be observed from anywhere on Earth.
3. An annular solar eclipse occurs when the Moon is near its perigee in its elliptical orbit, causing it to appear larger than the Sun.Which of the statements given above is/are correct?
CorrectAnswer: (a) 1 and 2 only
Explanation:
Statement 1 is correct as a solar eclipse occurs when a portion of the Earth is covered in a shadow cast by the Moon which fully or partially blocks sunlight.
Statement 2 is correct as total solar eclipses are rare and can only be observed from a limited geographic area along the eclipse’s path of totality.
Statement 3 is incorrect as an annular solar eclipse occurs when the Moon is near its apogee (farthest from Earth) in its elliptical orbit, causing it to appear smaller than the Sun, not larger.IncorrectAnswer: (a) 1 and 2 only
Explanation:
Statement 1 is correct as a solar eclipse occurs when a portion of the Earth is covered in a shadow cast by the Moon which fully or partially blocks sunlight.
Statement 2 is correct as total solar eclipses are rare and can only be observed from a limited geographic area along the eclipse’s path of totality.
Statement 3 is incorrect as an annular solar eclipse occurs when the Moon is near its apogee (farthest from Earth) in its elliptical orbit, causing it to appear smaller than the Sun, not larger. - Question 4 of 5
4. Question
With reference to lavender cultivation, consider the following statements:
1. Lavender is originally native to Asia, specifically to the temperate regions of Jammu & Kashmir.
2. Lavender can be propagated through methods such as seeds, rooted cuttings, tissue culture, and layering.
3. Lavender prefers acidic soil conditions and requires high waterlogging.Which of the statements given above is/are correct?
CorrectAnswer: A
Statement 2 is not correct: Shareholders are entitled to certain rights which are not assigned to debenture
holders/bondholders. Stockholders of common shares have a right to vote for members of the board of
directors and financial issues affecting the company.IncorrectAnswer: A
Statement 2 is not correct: Shareholders are entitled to certain rights which are not assigned to debenture
holders/bondholders. Stockholders of common shares have a right to vote for members of the board of
directors and financial issues affecting the company. - Question 5 of 5
5. Question
As per the presently followed system, Gross National Which among the following form a part of revenue expenditure?
1. Interest Payments
2. Subsidies
3. Pensions
4. Salaries
Select the correct answer using the code given below.CorrectAnswer: D
IncorrectAnswer: D
