Current Affairs Quiz 10 February 2023
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Current Affairs Quiz 10 February 2023 for UPSC Prelims
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- Question 1 of 5
1. Question
What is/are the difference(s) between repo and reverse repo rate?
(1) Repo rate applies only to borrowings of banking institutions, whereas reverse repo is used for the financial deposits
and borrowings of all financial institutions in Indian registered with RBI.
(2) An increase in repo rate has the opposite effect on primary liquidity in the economy as an increase in reverse reporate.
Which of the above is/are correct?CorrectSolution: d)
Justification: Statement 1: Repo Rate is the rate at which RBI lends money to commercial banks against the pledge
of government securities whenever the banks are in need of funds to meet their day-to-day obligations.
Reverse repo rate is the rate of interest offered by RBI, when banks deposit their surplus funds with the RBI for
short periods. When banks have surplus funds but have no lending (or) investment options, they deposit such funds
with RBI. Banks earn interest on such funds. Both repo and reverse repo apply to banking institutions.
Statement 2: So, higher the repo rate higher the cost of short-term money and vice versa and thus lower the
borrowing. Hence, liquidity is lower in the economy. Similarly, if the reverse repo rate increases banks park more
funds with the RBI and lesser liquidity is available with the economy. So, an increase in both would have similar
effects on primary liquidity (we will discuss about primary and secondary liquidity later).IncorrectSolution: d)
Justification: Statement 1: Repo Rate is the rate at which RBI lends money to commercial banks against the pledge
of government securities whenever the banks are in need of funds to meet their day-to-day obligations.
Reverse repo rate is the rate of interest offered by RBI, when banks deposit their surplus funds with the RBI for
short periods. When banks have surplus funds but have no lending (or) investment options, they deposit such funds
with RBI. Banks earn interest on such funds. Both repo and reverse repo apply to banking institutions.
Statement 2: So, higher the repo rate higher the cost of short-term money and vice versa and thus lower the
borrowing. Hence, liquidity is lower in the economy. Similarly, if the reverse repo rate increases banks park more
funds with the RBI and lesser liquidity is available with the economy. So, an increase in both would have similar
effects on primary liquidity (we will discuss about primary and secondary liquidity later). - Question 2 of 5
2. Question
AL NAJAH-IV is a Joint Military Exercise between,
CorrectAnswer: B
IncorrectAnswer: B
- Question 3 of 5
3. Question
Consider the following statements:
1. Translation is the process of conversion of a sequence of an RNA molecule to a sequence of DNA.
2. Transcription is the process of synthesis of RNA from the DNA.
Which of the statements given above is/are correct?CorrectAnswer: A
Genetic information flows from DNA into protein, the substance that gives an organism its form. This flow of information occurs through the sequential processes of transcription (DNA to RNA) and translation (RNA to protein). Transcription occurs when there is a need for a particular gene product at a specific time or in a specific tissue. Hence statement 1 is not correct and statement 2 is correct.
IncorrectAnswer: A
Genetic information flows from DNA into protein, the substance that gives an organism its form. This flow of information occurs through the sequential processes of transcription (DNA to RNA) and translation (RNA to protein). Transcription occurs when there is a need for a particular gene product at a specific time or in a specific tissue. Hence statement 1 is not correct and statement 2 is correct.
- Question 4 of 5
4. Question
Which of the following satellites are launched by PSLV?
1. Chandrayan 1
2. Mangalyaan
3. Chandrayan 2CorrectAns;- a) Only 1 and 2
Explanation;-
• The Polar Satellite Launch Vehicle is an expendable medium-lift launch vehicle designed and operated by the Indian Space Research Organisation.
• The Mars Orbiter Mission was launched with the help of the Polar Satellite Launch Vehicle (PSLV) C-25.
• The Chandrayaan 1 launched the spacecraft using a PSLV-XL rocket on 22 October 2008.
• The India’s Geosynchronous Satellite Launch Vehicle, GSLV MkIII-M1, successfully launched Chandrayaan-2 spacecraft on July 22, 2019 into its planned orbit with a perigee (nearest point to Earth) of 169.7 km and an apogee (farthest point to Earth) of 45,475 km.
IncorrectAns;- a) Only 1 and 2
Explanation;-
• The Polar Satellite Launch Vehicle is an expendable medium-lift launch vehicle designed and operated by the Indian Space Research Organisation.
• The Mars Orbiter Mission was launched with the help of the Polar Satellite Launch Vehicle (PSLV) C-25.
• The Chandrayaan 1 launched the spacecraft using a PSLV-XL rocket on 22 October 2008.
• The India’s Geosynchronous Satellite Launch Vehicle, GSLV MkIII-M1, successfully launched Chandrayaan-2 spacecraft on July 22, 2019 into its planned orbit with a perigee (nearest point to Earth) of 169.7 km and an apogee (farthest point to Earth) of 45,475 km.
- Question 5 of 5
5. Question
In India, ‘extended producer responsibility’ was introduced as an important feature in which of the following?
CorrectAns;- c) The e- Waste (Management and handling) rules, 2011
Explanation;-
• The e-Waste (Management and Handling) Rules, 2011 recognizes producers’ liability for recycling and reducing e-waste in the country.
• Extended Producer Responsibility (EPR) is a policy approach under which producers are given a significant responsibility – financial and/or physical – for the treatment or disposal of post-consumer products.
• The Central Pollution Control Board (CPCB) has been given the Extended Producer Responsibility (EPR) authorisation under the new e-waste rulesIncorrectAns;- c) The e- Waste (Management and handling) rules, 2011
Explanation;-
• The e-Waste (Management and Handling) Rules, 2011 recognizes producers’ liability for recycling and reducing e-waste in the country.
• Extended Producer Responsibility (EPR) is a policy approach under which producers are given a significant responsibility – financial and/or physical – for the treatment or disposal of post-consumer products.
• The Central Pollution Control Board (CPCB) has been given the Extended Producer Responsibility (EPR) authorisation under the new e-waste rules
