Static Quiz 31 August 2023
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Static Quiz 31 August 2023 for UPSC Prelims
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- Question 1 of 5
1. Question
Which one of the following best describes the term ‘Anchor Investors’?
CorrectAnswer: A
IncorrectAnswer: A
- Question 2 of 5
2. Question
With reference to the Micro, Small and Medium Enterprises (MSME) Sustainable (ZED) Certification,
consider the following statements:
1. It aims to reduce wastage, increase productivity and save energy for MSMEs.
2. All MSMEs registered with the UDYAM registration portal are eligible to participate in it.
3. No financial assistance / subsidy is provided under the scheme.
Which of the statements given above are correct?CorrectAnswer: A
There will be an additional subsidy of 10% for the MSMEs owned by Women/SC/ST
Entrepreneurs OR MSMEs in NER/Himalayan/LWE/Island territories/aspirational
districts. So, statement 3 is not correct.IncorrectAnswer: A
There will be an additional subsidy of 10% for the MSMEs owned by Women/SC/ST
Entrepreneurs OR MSMEs in NER/Himalayan/LWE/Island territories/aspirational
districts. So, statement 3 is not correct. - Question 3 of 5
3. Question
With reference to financial markets, the term ‘’front running’’ means
CorrectAnswer: A
IncorrectAnswer: A
- Question 4 of 5
4. Question
With reference to Stablecoins, consider the following statements:
1. They are crypto currencies backed by a reserve asset like fiat currency or a commodity.
2. Unlike bitcoins, they cannot be used as collateral to get loans.
3. Their value is based on people’s trust in the company holding collateral assets.
Which of the statements given above are correct?CorrectAnswer: C
Both bitcoins and stablecoins can be used as collateral to get loans. By utilizing
stablecoins, lenders enjoy the high returns associated with the low operational cost
of smart contracts, and borrowers can post reasonable stablecoin collateral to get a
loan with low-interest rates. So, statement 2 is not correct.IncorrectAnswer: C
Both bitcoins and stablecoins can be used as collateral to get loans. By utilizing
stablecoins, lenders enjoy the high returns associated with the low operational cost
of smart contracts, and borrowers can post reasonable stablecoin collateral to get a
loan with low-interest rates. So, statement 2 is not correct. - Question 5 of 5
5. Question
In order to control Inflation, which one of the following measures is most likely to be taken?
CorrectAnswer: B
IncorrectAnswer: B
