UPSC Current Affairs Quiz : 04 July 2024

The Current Affairs Quiz 2024 is a daily quiz based on the DAILY CURRENT AFFAIRS AND PIB SUMMARY from the previous day, as posted on our website. It covers all relevant news sources and is designed to test your knowledge of current events. Solving these questions will help you retain both concepts and facts relevant to the UPSC IAS civil services exam.

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• Question 1 of 10 1. Question 1 points Consider the following statements regarding the Finance Commission of The constitution has specied the qualications of the chairman and members of the The recommendations made by the Finance Commission are binding on the The Constitution of India envisages the Finance commission as the balancing wheel of scal federalism in How many of the above statements is/are correct? (a) Only one (b) Only two (c) All three (d) None Correct Ans: (b) Ans: (a) Explanation: Only Statement 3 is ● Composition of Finance Commission: The Finance Commission consists of a chairman and four other members to be appointed by the They hold office for such period as specified by the president in his order. They are eligible for reappointment. The Constitution authorises the Parliament to determine the qualifications of members of the commission and the manner in which they should be Accordingly, the Parliament has specified the qualifications of the chairman and members of the com- mission. The chairman should be a person having experience in public affairs and the four other members should be selected from amongst the following: A judge of high court or one qualified to be appointed as one. A person who has specialised knowledge of finance and accounts of the A person who has wide experience in financial matters and in A person who has special knowledge of ● ADVISORY ROLE It must be clarified here that the recommendations made by the Finance Commission are only of advisory nature and hence, not binding on the It is up to the Union government to implement its recommendations on granting money to the states. The Constitution of India envisages the Finance commission as the balancing wheel of fiscal federalism in Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/ Explanation: Context: The Smart Cities Mission has received an extension until March 31, 2025, following an appeal by the Chief Minister of Telangana A Revanth Reddy. S1 is correct: One of the primary objectives of the Smart Cities Mission is to promote sustainable and inclusive urban development, aiming to provide core infrastructure and a decent quality of life to its citizens. S2 is incorrect: The Smart Cities Mission does not cover all cities in India. It initially targeted 100 cities to be developed as smart cities. S3 is correct: Public-Private Partnerships (PPPs) are a significant aspect of the mission, involving collaboration between the government and private sector to achieve its goals. Refer: https://www.insightsonindia.com/2024/07/02/upsc-current-affairs-2-july-2024/ Incorrect Ans: (a) Explanation: Only Statement 3 is ● Composition of Finance Commission: The Finance Commission consists of a chairman and four other members to be appointed by the They hold office for such period as specified by the president in his order. They are eligible for reappointment. The Constitution authorises the Parliament to determine the qualifications of members of the commission and the manner in which they should be Accordingly, the Parliament has specified the qualifications of the chairman and members of the com- mission. The chairman should be a person having experience in public affairs and the four other members should be selected from amongst the following: A judge of high court or one qualified to be appointed as one. A person who has specialised knowledge of finance and accounts of the A person who has wide experience in financial matters and in A person who has special knowledge of ● ADVISORY ROLE It must be clarified here that the recommendations made by the Finance Commission are only of advisory nature and hence, not binding on the It is up to the Union government to implement its recommendations on granting money to the states. The Constitution of India envisages the Finance commission as the balancing wheel of fiscal federalism in Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

#### 1. Question

Consider the following statements regarding the Finance Commission of

• The constitution has specied the qualications of the chairman and members of the The recommendations made by the Finance Commission are binding on the The Constitution of India envisages the Finance commission as the balancing wheel of scal federalism in

• The constitution has specied the qualications of the chairman and members of the

• The recommendations made by the Finance Commission are binding on the

• The Constitution of India envisages the Finance commission as the balancing wheel of scal federalism in

How many of the above statements is/are correct?

• (a) Only one

• (b) Only two

• (c) All three

• Ans: (a) Explanation:

• Only Statement 3 is

● Composition of Finance Commission:

• The Finance Commission consists of a chairman and four other members to be appointed by the They hold office for such period as specified by the president in his order. They are eligible for reappointment.

• The Constitution authorises the Parliament to determine the qualifications of members of the commission and the manner in which they should be Accordingly, the Parliament has specified the qualifications of the chairman and members of the com- mission.

• The chairman should be a person having experience in public affairs and the four other members should be selected from amongst the following: A judge of high court or one qualified to be appointed as one. A person who has specialised knowledge of finance and accounts of the A person who has wide experience in financial matters and in A person who has special knowledge of

• A judge of high court or one qualified to be appointed as one.

• A person who has specialised knowledge of finance and accounts of the

• A person who has wide experience in financial matters and in

• A person who has special knowledge of

● ADVISORY ROLE

• It must be clarified here that the recommendations made by the Finance Commission are only of advisory nature and hence, not binding on the It is up to the Union government to implement its recommendations on granting money to the states.

• The Constitution of India envisages the Finance commission as the balancing wheel of fiscal federalism in

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

Explanation:

• Context: The Smart Cities Mission has received an extension until March 31, 2025, following an appeal by the Chief Minister of Telangana A Revanth Reddy.

• S1 is correct: One of the primary objectives of the Smart Cities Mission is to promote sustainable and inclusive urban development, aiming to provide core infrastructure and a decent quality of life to its citizens.

• S2 is incorrect: The Smart Cities Mission does not cover all cities in India. It initially targeted 100 cities to be developed as smart cities.

• S3 is correct: Public-Private Partnerships (PPPs) are a significant aspect of the mission, involving collaboration between the government and private sector to achieve its goals.

Refer: https://www.insightsonindia.com/2024/07/02/upsc-current-affairs-2-july-2024/

• Ans: (a) Explanation:

• Only Statement 3 is

● Composition of Finance Commission:

• A judge of high court or one qualified to be appointed as one.

• A person who has specialised knowledge of finance and accounts of the

• A person who has wide experience in financial matters and in

• A person who has special knowledge of

● ADVISORY ROLE

• The Constitution of India envisages the Finance commission as the balancing wheel of fiscal federalism in

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Question 2 of 10 2. Question 1 points Consider the following statements regarding BharatNet BharatNet is the rural telecom project implemented in a phased manner to all 5 lakh gram panchayats (GPs) in India for last-mile broadband connectivity. The project is being executed by Bharat Broadband Network (BBNL), an arm of State-run Bharat Sanchar Nigam (BSNL). The project is implemented with the help of village level entrepreneurs. How many of the above statements are correct? (a) Only one (b) Only two (c) All three (d) None Correct Ans: (c) Explanation: BharatNet is one of the biggest rural telecom projects in the world, implemented in a phased manner to all 5 lakh gram panchayats (GPs) in the country for last-mile broadband connectivity. The project was first approved by the Cabinet in October 2011 and is being executed by Bharat Broadband Network (BBNL), as a special purpose vehicle (SPV). Phase-II was approved in BBNL, which is an arm of State-run Bharat Sanchar Nigam (BSNL) now, will be partnering with village level entrepreneurs (VLEs) to provide connectivity. “The model to take fibre to the home with the help of a local entrepreneur was finalized after successful completion of a pilot Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/ Incorrect Ans: (c) Explanation: BharatNet is one of the biggest rural telecom projects in the world, implemented in a phased manner to all 5 lakh gram panchayats (GPs) in the country for last-mile broadband connectivity. The project was first approved by the Cabinet in October 2011 and is being executed by Bharat Broadband Network (BBNL), as a special purpose vehicle (SPV). Phase-II was approved in BBNL, which is an arm of State-run Bharat Sanchar Nigam (BSNL) now, will be partnering with village level entrepreneurs (VLEs) to provide connectivity. “The model to take fibre to the home with the help of a local entrepreneur was finalized after successful completion of a pilot Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

#### 2. Question

Consider the following statements regarding BharatNet

• BharatNet is the rural telecom project implemented in a phased manner to all 5 lakh gram panchayats (GPs) in India for last-mile broadband connectivity. The project is being executed by Bharat Broadband Network (BBNL), an arm of State-run Bharat Sanchar Nigam (BSNL).

• BharatNet is the rural telecom project implemented in a phased manner to all 5 lakh gram panchayats (GPs) in India for last-mile broadband connectivity.

• The project is being executed by Bharat Broadband Network (BBNL), an arm of State-run Bharat Sanchar Nigam (BSNL).

The project is implemented with the help of village level entrepreneurs. How many of the above statements are correct?

• (a) Only one

• (b) Only two

• (c) All three

• Ans: (c) Explanation:

• BharatNet is one of the biggest rural telecom projects in the world, implemented in a phased manner to all 5 lakh gram panchayats (GPs) in the country for last-mile broadband connectivity.

• The project was first approved by the Cabinet in October 2011 and is being executed by Bharat Broadband Network (BBNL), as a special purpose vehicle (SPV). Phase-II was approved in

• BBNL, which is an arm of State-run Bharat Sanchar Nigam (BSNL) now, will be partnering with village level entrepreneurs (VLEs) to provide connectivity. “The model to take fibre to the home with the help of a local entrepreneur was finalized after successful completion of a pilot

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Ans: (c) Explanation:

• BharatNet is one of the biggest rural telecom projects in the world, implemented in a phased manner to all 5 lakh gram panchayats (GPs) in the country for last-mile broadband connectivity.

• The project was first approved by the Cabinet in October 2011 and is being executed by Bharat Broadband Network (BBNL), as a special purpose vehicle (SPV). Phase-II was approved in

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Question 3 of 10 3. Question 1 points Consider the following statements: Minimum Support Price (MSP) may be both lower or higher than the prevailing market price of the particular All food grain procurement operations in India are undertaken by the Food Corporation of India (FCI). Which of the above statements is/are incorrect? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Correct Ans: (b) Explanation: MSP can be anything that the government considers that the farmers should fairly This is to help them get fair remuneration for their produce and to motivate or demotivate them to produce a particular crop. Hence it can be either lower or higher than the market price. For e.g. if the government wishes to discourage rice farming, it would lower the MSP of rice. The procurement system decentralization was started in 1997 where states play a very important role in the supply chain. Not all procurements are done by FCI. State cooperative agencies and other state-level distribution agencies also play a crucial Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/ Incorrect Ans: (b) Explanation: MSP can be anything that the government considers that the farmers should fairly This is to help them get fair remuneration for their produce and to motivate or demotivate them to produce a particular crop. Hence it can be either lower or higher than the market price. For e.g. if the government wishes to discourage rice farming, it would lower the MSP of rice. The procurement system decentralization was started in 1997 where states play a very important role in the supply chain. Not all procurements are done by FCI. State cooperative agencies and other state-level distribution agencies also play a crucial Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

#### 3. Question

Consider the following statements:

• Minimum Support Price (MSP) may be both lower or higher than the prevailing market price of the particular All food grain procurement operations in India are undertaken by the Food Corporation of India (FCI).

• Minimum Support Price (MSP) may be both lower or higher than the prevailing market price of the particular

• All food grain procurement operations in India are undertaken by the Food Corporation of India (FCI).

Which of the above statements is/are incorrect?

• (a) 1 only

• (b) 2 only

• (c) Both 1 and 2

• (d) Neither 1 nor 2

Explanation:

• MSP can be anything that the government considers that the farmers should fairly This is to help them get fair remuneration for their produce and to motivate or demotivate them to produce a particular crop. Hence it can be either lower or higher than the market price. For e.g. if the government wishes to discourage rice farming, it would lower the MSP of rice.

• The procurement system decentralization was started in 1997 where states play a very important role in the supply chain. Not all procurements are done by FCI. State cooperative agencies and other state-level distribution agencies also play a crucial

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

Explanation:

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Question 4 of 10 4. Question 1 points Consider the following The minimum support price (MSP) of a crop is different for different Milling copra is used to extract oil, while ball copra is consumed as a dry Maharashtra and Karnataka are major producers of milling copra, whereas ball copra is produced predominantly in Kerala . How many of the above statements is/are correct? (a) Only one (b) Only two (c) All three (d) None Correct ANs: (a) Explanation: Only statement 2 is Context: The recent increases in Minimum Support Prices (MSP) for 14 kharif crops have disappointed farmers, as they do not adequately reflect the rising input S1: The MSP of a crop is the same throughout the S2 and S3: Milling copra is used to extract oil, while ball/edible copra is consumed as a dry fruit and used for religious purposes. Kerala and Tamil Nadu are major producers of milling copra, whereas ball copra is produced predominantly in Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/ Incorrect ANs: (a) Explanation: Only statement 2 is Context: The recent increases in Minimum Support Prices (MSP) for 14 kharif crops have disappointed farmers, as they do not adequately reflect the rising input S1: The MSP of a crop is the same throughout the S2 and S3: Milling copra is used to extract oil, while ball/edible copra is consumed as a dry fruit and used for religious purposes. Kerala and Tamil Nadu are major producers of milling copra, whereas ball copra is produced predominantly in Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

#### 4. Question

Consider the following

• The minimum support price (MSP) of a crop is different for different Milling copra is used to extract oil, while ball copra is consumed as a dry Maharashtra and Karnataka are major producers of milling copra, whereas ball copra is produced predominantly in Kerala .

• The minimum support price (MSP) of a crop is different for different

• Milling copra is used to extract oil, while ball copra is consumed as a dry

• Maharashtra and Karnataka are major producers of milling copra, whereas ball copra is produced predominantly in Kerala .

How many of the above statements is/are correct?

• (a) Only one

• (b) Only two

• (c) All three

• ANs: (a) Explanation:

• Only statement 2 is

• Context: The recent increases in Minimum Support Prices (MSP) for 14 kharif crops have disappointed farmers, as they do not adequately reflect the rising input

• S1: The MSP of a crop is the same throughout the

• S2 and S3: Milling copra is used to extract oil, while ball/edible copra is consumed as a dry fruit and used for religious purposes. Kerala and Tamil Nadu are major producers of milling copra, whereas ball copra is produced predominantly in

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• ANs: (a) Explanation:

• Only statement 2 is

• Context: The recent increases in Minimum Support Prices (MSP) for 14 kharif crops have disappointed farmers, as they do not adequately reflect the rising input

• S1: The MSP of a crop is the same throughout the

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Question 5 of 10 5. Question 1 points Consider the following The Central Government sets a minimum support price (MSP) for various crops every year based on a formula that takes into account both paid-out costs (A2) such as seeds, fertilizers and pesticides as well as the imputed value of unpaid family labor (FL). There is currently no statutory backing for the MSP, nor any law mandates their The Central Government procures almost all the stocks of wheat and rice crops throughout the country at MSP How many of the above statements is/are correct? (a) Only one (b) Only two (c) All three (d) None Correct Ans: (b) Explanation: Only statements 1 and 2 are The Central Government sets a minimum support price (MSP) for 23 crops every year, based on a formula of one-and-a-half times production This takes into account both paid-out costs (A2) such as seeds, fertilizers, pesticides, fuel, irrigation, hired workers and leased-in land, as well as the imputed value of unpaid family labour (FL). Farm unions are demanding that a comprehensive cost calculation (C2) must also include capital assets and the rentals and interest forgone on owned land as recommended by the National Commission for Farmers. There is currently no statutory backing for these prices, nor any law mandating their The government only procures about a third of wheat and rice crops at MSP rates (of which half is bought in Punjab and Haryana alone), and 10%-20% of select pulses and oilseeds. Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/ Incorrect Ans: (b) Explanation: Only statements 1 and 2 are The Central Government sets a minimum support price (MSP) for 23 crops every year, based on a formula of one-and-a-half times production This takes into account both paid-out costs (A2) such as seeds, fertilizers, pesticides, fuel, irrigation, hired workers and leased-in land, as well as the imputed value of unpaid family labour (FL). Farm unions are demanding that a comprehensive cost calculation (C2) must also include capital assets and the rentals and interest forgone on owned land as recommended by the National Commission for Farmers. There is currently no statutory backing for these prices, nor any law mandating their The government only procures about a third of wheat and rice crops at MSP rates (of which half is bought in Punjab and Haryana alone), and 10%-20% of select pulses and oilseeds. Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

#### 5. Question

Consider the following

• The Central Government sets a minimum support price (MSP) for various crops every year based on a formula that takes into account both paid-out costs (A2) such as seeds, fertilizers and pesticides as well as the imputed value of unpaid family labor (FL). There is currently no statutory backing for the MSP, nor any law mandates their The Central Government procures almost all the stocks of wheat and rice crops throughout the country at MSP

• There is currently no statutory backing for the MSP, nor any law mandates their

• The Central Government procures almost all the stocks of wheat and rice crops throughout the country at MSP

How many of the above statements is/are correct?

• (a) Only one

• (b) Only two

• (c) All three

• Ans: (b) Explanation:

• Only statements 1 and 2 are

• The Central Government sets a minimum support price (MSP) for 23 crops every year, based on a formula of one-and-a-half times production This takes into account both paid-out costs (A2) such as seeds, fertilizers, pesticides, fuel, irrigation, hired workers and leased-in land, as well as the imputed value of unpaid family labour (FL). Farm unions are demanding that a comprehensive cost calculation (C2) must also include capital assets and the rentals and interest forgone on owned land as recommended by the National Commission for Farmers.

• There is currently no statutory backing for these prices, nor any law mandating their The government only procures about a third of wheat and rice crops at MSP rates (of which half is bought in Punjab and Haryana alone), and 10%-20% of select pulses and oilseeds.

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Ans: (b) Explanation:

• Only statements 1 and 2 are

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Question 6 of 10 6. Question 1 points The “Colombo Process” is associated with which of the following? (a) Economic cooperation among South Asian countries (b) Migration and development in Asia (c) Environmental protection in the Indian Ocean region (d) Cultural exchange programs in Southeast Asia Correct Ans: (b) Explanation: Context: India chaired the first meeting of the Colombo Process in Geneva, marking its first time at the ● About Colombo Process The Colombo Process is a Regional Consultative Process focused on managing overseas employment and contractual It comprises 12 Asian member states, including Bangladesh and Sri Lanka, with India as a founding member. Priority areas include skills and qualification recognition and fostering ethical recruitment practices. The UN’s International Organization for Migration provides technical and administrative support. Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/ Incorrect Ans: (b) Explanation: Context: India chaired the first meeting of the Colombo Process in Geneva, marking its first time at the ● About Colombo Process The Colombo Process is a Regional Consultative Process focused on managing overseas employment and contractual It comprises 12 Asian member states, including Bangladesh and Sri Lanka, with India as a founding member. Priority areas include skills and qualification recognition and fostering ethical recruitment practices. The UN’s International Organization for Migration provides technical and administrative support. Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

#### 6. Question

The “Colombo Process” is associated with which of the following?

• (a) Economic cooperation among South Asian countries

• (b) Migration and development in Asia

• (c) Environmental protection in the Indian Ocean region

• (d) Cultural exchange programs in Southeast Asia

Explanation:

• Context: India chaired the first meeting of the Colombo Process in Geneva, marking its first time at the

● About Colombo Process

• The Colombo Process is a Regional Consultative Process focused on managing overseas employment and contractual It comprises 12 Asian member states, including Bangladesh and Sri Lanka, with India as a founding member. Priority areas include skills and qualification recognition and fostering ethical recruitment practices. The UN’s International Organization for Migration provides technical and administrative support.

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

Explanation:

• Context: India chaired the first meeting of the Colombo Process in Geneva, marking its first time at the

● About Colombo Process

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Question 7 of 10 7. Question 1 points Consider the following statements The IOM is a specialized agency of the United Nations that focuses exclusively on migration The IOM was established in 1951 and is headquartered in New York City, The IOM’s primary mandate is to provide humanitarian assistance to migrants in crisis How many of the above statements is/are correct? (a) Only one (b) Only two (c) All three (d) None Correct Ans: (a) Explanation: S1 is Incorrect: The IOM is an intergovernmental organization that became a related organization of the United Nations in 2016 but is not a specialized agency of the S2 is Incorrect: The IOM was indeed established in 1951, but its headquarters is in Geneva, Switzerland, not New York S3 is Correct: The IOM’s primary mandate includes providing humanitarian assistance to migrants, including in crisis This aligns with its broader goals of ensuring the humane and orderly management of migration, promoting international cooperation, and assisting in the search for practical solutions to migration problems. Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/ Incorrect Ans: (a) Explanation: S1 is Incorrect: The IOM is an intergovernmental organization that became a related organization of the United Nations in 2016 but is not a specialized agency of the S2 is Incorrect: The IOM was indeed established in 1951, but its headquarters is in Geneva, Switzerland, not New York S3 is Correct: The IOM’s primary mandate includes providing humanitarian assistance to migrants, including in crisis This aligns with its broader goals of ensuring the humane and orderly management of migration, promoting international cooperation, and assisting in the search for practical solutions to migration problems. Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

#### 7. Question

Consider the following statements

• The IOM is a specialized agency of the United Nations that focuses exclusively on migration The IOM was established in 1951 and is headquartered in New York City, The IOM’s primary mandate is to provide humanitarian assistance to migrants in crisis

• The IOM is a specialized agency of the United Nations that focuses exclusively on migration

• The IOM was established in 1951 and is headquartered in New York City,

• The IOM’s primary mandate is to provide humanitarian assistance to migrants in crisis

How many of the above statements is/are correct?

• (a) Only one

• (b) Only two

• (c) All three

• Ans: (a) Explanation:

• S1 is Incorrect: The IOM is an intergovernmental organization that became a related organization of the United Nations in 2016 but is not a specialized agency of the

• S2 is Incorrect: The IOM was indeed established in 1951, but its headquarters is in Geneva, Switzerland, not New York

• S3 is Correct: The IOM’s primary mandate includes providing humanitarian assistance to migrants, including in crisis This aligns with its broader goals of ensuring the humane and orderly management of migration, promoting international cooperation, and assisting in the search for practical solutions to migration problems.

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Ans: (a) Explanation:

• S1 is Incorrect: The IOM is an intergovernmental organization that became a related organization of the United Nations in 2016 but is not a specialized agency of the

• S2 is Incorrect: The IOM was indeed established in 1951, but its headquarters is in Geneva, Switzerland, not New York

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Question 8 of 10 8. Question 1 points Consider the following statements about Unified Payments Interface (UPI): UPI is a mobile application used for instant money transfers between bank accounts in UPI requires users to enter full bank account details for each UPI is only available for peer-to-peer transactions and cannot be used for online How many of the above statements is/are correct? (a) Only one (b) Only two (c) All three (d) None Correct Ans: (a) Explanation: About Unified Payments Interface (UPI): Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and Currently, several countries, including Bhutan, Nepal, UAE, France, Mauritius, , support UPI payments. Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/ Incorrect Ans: (a) Explanation: About Unified Payments Interface (UPI): Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and Currently, several countries, including Bhutan, Nepal, UAE, France, Mauritius, , support UPI payments. Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

#### 8. Question

Consider the following statements about Unified Payments Interface (UPI):

• UPI is a mobile application used for instant money transfers between bank accounts in UPI requires users to enter full bank account details for each UPI is only available for peer-to-peer transactions and cannot be used for online

• UPI is a mobile application used for instant money transfers between bank accounts in

• UPI requires users to enter full bank account details for each

• UPI is only available for peer-to-peer transactions and cannot be used for online

How many of the above statements is/are correct?

• (a) Only one

• (b) Only two

• (c) All three

Explanation: About Unified Payments Interface (UPI):

• Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one

• It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and

• Currently, several countries, including Bhutan, Nepal, UAE, France, Mauritius, , support UPI payments.

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

Explanation: About Unified Payments Interface (UPI):

• It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and

• Currently, several countries, including Bhutan, Nepal, UAE, France, Mauritius, , support UPI payments.

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Question 9 of 10 9. Question 1 points Minami-Torishima Island is located in which sea? (a) Sea of Japan (b) East China Sea (c) Philippine Sea (d) South China Sea Correct Ans: (c) Explanation: Minami-Torishima Island, also known as Marcus Island, is an isolated Japanese atoll in the Pacific It is located in the Philippine Sea, which is part of the western Pacific Ocean. Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/ Incorrect Ans: (c) Explanation: Minami-Torishima Island, also known as Marcus Island, is an isolated Japanese atoll in the Pacific It is located in the Philippine Sea, which is part of the western Pacific Ocean. Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

#### 9. Question

Minami-Torishima Island is located in which sea?

• (a) Sea of Japan

• (b) East China Sea

• (c) Philippine Sea

• (d) South China Sea

Explanation:

• Minami-Torishima Island, also known as Marcus Island, is an isolated Japanese atoll in the Pacific It is located in the Philippine Sea, which is part of the western Pacific Ocean.

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

Explanation:

• Minami-Torishima Island, also known as Marcus Island, is an isolated Japanese atoll in the Pacific It is located in the Philippine Sea, which is part of the western Pacific Ocean.

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Question 10 of 10 10. Question 1 points Consider the following statements: Zinc is essential for the human body and plays a role in immune function, DNA synthesis, and cell Zinc deficiency is rare and has no significant impact on The human body can store excess zinc for long periods, similar to fat-soluble How many of the above statements is/are correct? (a) Only one (b) Only two (c) All three (d) None Correct Ans: (a) Explanation: S1 is correct: Zinc is indeed essential for the human It plays crucial roles in immune function, DNA synthesis, cell division, wound healing, and the breakdown of carbohydrates. S2 is incorrect: Zinc deficiency is relatively common, especially in areas with poor It can lead to a range of health issues, including impaired immune function, hair loss, diarrhea, and delayed wound healing. S3 is incorrect: Unlike fat-soluble vitamins, the human body does not store excess Therefore, a regular dietary intake is necessary to maintain adequate levels. Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/ Incorrect Ans: (a) Explanation: S1 is correct: Zinc is indeed essential for the human It plays crucial roles in immune function, DNA synthesis, cell division, wound healing, and the breakdown of carbohydrates. S2 is incorrect: Zinc deficiency is relatively common, especially in areas with poor It can lead to a range of health issues, including impaired immune function, hair loss, diarrhea, and delayed wound healing. S3 is incorrect: Unlike fat-soluble vitamins, the human body does not store excess Therefore, a regular dietary intake is necessary to maintain adequate levels. Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

#### 10. Question

Consider the following statements:

• Zinc is essential for the human body and plays a role in immune function, DNA synthesis, and cell Zinc deficiency is rare and has no significant impact on The human body can store excess zinc for long periods, similar to fat-soluble

• Zinc is essential for the human body and plays a role in immune function, DNA synthesis, and cell

• Zinc deficiency is rare and has no significant impact on

• The human body can store excess zinc for long periods, similar to fat-soluble

How many of the above statements is/are correct?

• (a) Only one

• (b) Only two

• (c) All three

• Ans: (a) Explanation:

• S1 is correct: Zinc is indeed essential for the human It plays crucial roles in immune function, DNA synthesis, cell division, wound healing, and the breakdown of carbohydrates.

• S2 is incorrect: Zinc deficiency is relatively common, especially in areas with poor It can lead to a range of health issues, including impaired immune function, hair loss, diarrhea, and delayed wound healing.

• S3 is incorrect: Unlike fat-soluble vitamins, the human body does not store excess Therefore, a regular dietary intake is necessary to maintain adequate levels.

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

• Ans: (a) Explanation:

• S1 is correct: Zinc is indeed essential for the human It plays crucial roles in immune function, DNA synthesis, cell division, wound healing, and the breakdown of carbohydrates.

• S3 is incorrect: Unlike fat-soluble vitamins, the human body does not store excess Therefore, a regular dietary intake is necessary to maintain adequate levels.

Refer: https://www.insightsonindia.com/2024/07/03/upsc-current-affairs-3-july-2024/

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