Current Affairs Quiz 24 May 2022
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Current Affairs Quiz 24 May 2022 for UPSC Prelims
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- Question 1 of 5
1. Question
Recently, Investment Incentive Agreement was signed between
CorrectAnswer: B
About Investment Incentive Agreement
• The IIA was signed by Foreign Secretary, Government of India, and Chief Executive Officer, U.S. International Development Finance Corporation (DFC).
• This IIA supersedes the Investment Incentive Agreement signed between the Government of India and the Government of the United States of America in the year 1997.
• Significant developments have taken place since the signing of the earlier IIA in 1997 including the creation of a new agency called DFC, a development finance agency of Government of USA, as a successor agency of the erstwhile Overseas Private Investment Corporation (OPIC) after the enactment of a recent legislation of USA, the BUILD Act 2018.
• IIA has been signed, to keep pace with the additional investment support programmes, offered by the DFC, such as debt, equity investment, investment guaranty, investment insurance or reinsurance, feasibility studies for potential projects and grants.
• The Agreement is the legal requirement for DFC, to continue providing investment support in India.
• DFC or their predecessor agencies are active in India since 1974 and have so far provided investment support worth $5.8 billion of which $2.9 billion is still outstanding.
• Proposals worth $4 billion are under consideration by DFC for providing investment support in India.
• DFC has provided investment support in sectors that matter for development such as COVID-19 vaccine manufacturing, healthcare financing, renewable energy, SME financing, financial inclusion, infrastructure etc.IncorrectAnswer: B
About Investment Incentive Agreement
• The IIA was signed by Foreign Secretary, Government of India, and Chief Executive Officer, U.S. International Development Finance Corporation (DFC).
• This IIA supersedes the Investment Incentive Agreement signed between the Government of India and the Government of the United States of America in the year 1997.
• Significant developments have taken place since the signing of the earlier IIA in 1997 including the creation of a new agency called DFC, a development finance agency of Government of USA, as a successor agency of the erstwhile Overseas Private Investment Corporation (OPIC) after the enactment of a recent legislation of USA, the BUILD Act 2018.
• IIA has been signed, to keep pace with the additional investment support programmes, offered by the DFC, such as debt, equity investment, investment guaranty, investment insurance or reinsurance, feasibility studies for potential projects and grants.
• The Agreement is the legal requirement for DFC, to continue providing investment support in India.
• DFC or their predecessor agencies are active in India since 1974 and have so far provided investment support worth $5.8 billion of which $2.9 billion is still outstanding.
• Proposals worth $4 billion are under consideration by DFC for providing investment support in India.
• DFC has provided investment support in sectors that matter for development such as COVID-19 vaccine manufacturing, healthcare financing, renewable energy, SME financing, financial inclusion, infrastructure etc. - Question 2 of 5
2. Question
With reference to the Blockchain Technology, consider the following statements?
1. It is a public ledger that everyone can inspect, which no single user controls
2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only
3. Applications that depend on the basic features of blockchain can be developed without anybody’s permission
Which of the statements given above is/are correct?CorrectAns;- c) Only 1 and 3
About Block Chain Technology
• A blockchain is a decentralized, distributed, and oftentimes public, digital ledger consisting of records called blocks that is used to record transactions across many computers so that any involved block cannot be altered retroactively, without the alteration of all subsequent blocks.
• This allows the participants to verify and audit transactions independently and relatively inexpensively. A blockchain database is managed autonomously using a peer-to-peer network and a distributed timestamping server. They are authenticated by mass collaboration powered by collective self-interests. Such a design facilitates robust workflow where participants’ uncertainty regarding data security is marginal.
• The great advantage to an open, permission less, or public, blockchain network is that guarding against bad actors is not required and no access control is needed.
• This means that applications can be added to the network without the approval or trust of others, using the blockchain as a transport layer.
• S2 is clearly wrong, Blockchain can be used for a variety of purposes of which cryptocurrency is one of them.IncorrectAns;- c) Only 1 and 3
About Block Chain Technology
• A blockchain is a decentralized, distributed, and oftentimes public, digital ledger consisting of records called blocks that is used to record transactions across many computers so that any involved block cannot be altered retroactively, without the alteration of all subsequent blocks.
• This allows the participants to verify and audit transactions independently and relatively inexpensively. A blockchain database is managed autonomously using a peer-to-peer network and a distributed timestamping server. They are authenticated by mass collaboration powered by collective self-interests. Such a design facilitates robust workflow where participants’ uncertainty regarding data security is marginal.
• The great advantage to an open, permission less, or public, blockchain network is that guarding against bad actors is not required and no access control is needed.
• This means that applications can be added to the network without the approval or trust of others, using the blockchain as a transport layer.
• S2 is clearly wrong, Blockchain can be used for a variety of purposes of which cryptocurrency is one of them. - Question 3 of 5
3. Question
Which of the following statements about Karst Landforms are correct?
1. Karst is a landscape which is underlain by limestone which has been eroded by dissolution, producing towers, fissures, sinkholes, etc.
2. It is so named after a province of Yugoslavia on the black sea coast where such formations are most noticeable.CorrectAns;- a) Only 1
Explanation;-
• The 2nd statement is incorrect because it is on Adriatic Sea
About Karst Landforms
• Karst is a topography formed from the dissolution of soluble rocks such as limestone, dolomite, and gypsum.
• It is characterized by underground drainage systems with sinkholes and caves.
• Karst is a landscape which is underlain by limestone which has been eroded by dissolution, producing towers, fissures, sinkholes, etc.
• It is so named after a province of Yugoslavia on the Adriatic sea coast where such formations are most noticeable.
• Karst topography is a landscape formed from the dissolution of soluble rocks such as limestone, dolomite, and gypsum.
• It is characterized by underground drainage systems with sinkholes, caves etc..
• Presence of soluble rocks, preferably limestone at the surface or sub-surface level.
• These rocks should be dense, highly jointed and thinly bedded.
• Presence of soluble rocks, preferably limestone at the surface or sub-surface level.
• These rocks should be dense, highly jointed and thinly bedded.IncorrectAns;- a) Only 1
Explanation;-
• The 2nd statement is incorrect because it is on Adriatic Sea
About Karst Landforms
• Karst is a topography formed from the dissolution of soluble rocks such as limestone, dolomite, and gypsum.
• It is characterized by underground drainage systems with sinkholes and caves.
• Karst is a landscape which is underlain by limestone which has been eroded by dissolution, producing towers, fissures, sinkholes, etc.
• It is so named after a province of Yugoslavia on the Adriatic sea coast where such formations are most noticeable.
• Karst topography is a landscape formed from the dissolution of soluble rocks such as limestone, dolomite, and gypsum.
• It is characterized by underground drainage systems with sinkholes, caves etc..
• Presence of soluble rocks, preferably limestone at the surface or sub-surface level.
• These rocks should be dense, highly jointed and thinly bedded.
• Presence of soluble rocks, preferably limestone at the surface or sub-surface level.
• These rocks should be dense, highly jointed and thinly bedded. - Question 4 of 5
4. Question
Which of the following statements are correct?
1. World health assembly is a executive arm of WHO
2. The OIE is the intergovernmental organization responsible for improving animal health worldwide
Select the correct answer using the code below.CorrectAns. C
Both the statements are correctIncorrectAns. C
Both the statements are correct - Question 5 of 5
5. Question
The report “Assessment of Climate Change over the Indian Region” has been released by which of the following?
CorrectAnswer: D
IncorrectAnswer: D
