UPSC Current Affairs Quiz : 08 July 2024
Kartavya Desk Staff
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: The Union List includes subjects on which only the Union Government can legislate. The State List includes subjects on which both the Union and the State Governments can legislate. The Concurrent List includes subjects on which only the State Governments can legislate. 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. The Union List includes subjects on which only the Union Government can legislate. S2 is incorrect. The State List includes subjects on which only the State Governments can legislate, not both. S3 is incorrect. The Concurrent List includes subjects on which both the Union and the State Governments can legislate, not just the State Governments. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/ Incorrect Ans: (a) Explanation: S1 is correct. The Union List includes subjects on which only the Union Government can legislate. S2 is incorrect. The State List includes subjects on which only the State Governments can legislate, not both. S3 is incorrect. The Concurrent List includes subjects on which both the Union and the State Governments can legislate, not just the State Governments. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
#### 1. Question
Consider the following statements:
• The Union List includes subjects on which only the Union Government can legislate. The State List includes subjects on which both the Union and the State Governments can legislate. The Concurrent List includes subjects on which only the State Governments can legislate.
• The Union List includes subjects on which only the Union Government can legislate.
• The State List includes subjects on which both the Union and the State Governments can legislate.
• The Concurrent List includes subjects on which only the State Governments can legislate.
How many of the above statements is/are correct?
• (a) Only one
• (b) Only two
• (c) All three
Explanation:
• S1 is correct. The Union List includes subjects on which only the Union Government can legislate.
• S2 is incorrect. The State List includes subjects on which only the State Governments can legislate, not both.
• S3 is incorrect. The Concurrent List includes subjects on which both the Union and the State Governments can legislate, not just the State Governments.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
Explanation:
• S1 is correct. The Union List includes subjects on which only the Union Government can legislate.
• S2 is incorrect. The State List includes subjects on which only the State Governments can legislate, not both.
• S3 is incorrect. The Concurrent List includes subjects on which both the Union and the State Governments can legislate, not just the State Governments.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
• Question 2 of 10 2. Question 1 points Education is under which list in the Constitution of India? (a) Union List (b) State List (c) Concurrent List (d) Residuary List Correct Ans: (c) Explanation: The State List is a category under the 7th Schedule of the Constitution of India that enumerates subjects on which individual State Governments have the exclusive power to legislate. These subjects include areas such as police, public health, agriculture, and local governance. This division of powers ensures that states can manage and address local issues effectively without interference from the central government. Currently, Education is under the concurrent List. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/ Incorrect Ans: (c) Explanation: The State List is a category under the 7th Schedule of the Constitution of India that enumerates subjects on which individual State Governments have the exclusive power to legislate. These subjects include areas such as police, public health, agriculture, and local governance. This division of powers ensures that states can manage and address local issues effectively without interference from the central government. Currently, Education is under the concurrent List. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
#### 2. Question
Education is under which list in the Constitution of India?
• (a) Union List
• (b) State List
• (c) Concurrent List
• (d) Residuary List
Explanation:
• The State List is a category under the 7th Schedule of the Constitution of India that enumerates subjects on which individual State Governments have the exclusive power to legislate. These subjects include areas such as police, public health, agriculture, and local governance. This division of powers ensures that states can manage and address local issues effectively without interference from the central government. Currently, Education is under the concurrent List.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
Explanation:
• The State List is a category under the 7th Schedule of the Constitution of India that enumerates subjects on which individual State Governments have the exclusive power to legislate. These subjects include areas such as police, public health, agriculture, and local governance. This division of powers ensures that states can manage and address local issues effectively without interference from the central government. Currently, Education is under the concurrent List.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
• Question 3 of 10 3. Question 1 points Consider the following statements: Nagaland Manipur Mizoram Assam How many of the above Indian states share a border with Myanmar? (a) Only one (b) Only two (c) Only three (d) All four Correct Ans: (c) Explanation: The states of Arunachal Pradesh, Nagaland, Manipur, and Mizoram share a border with Myanmar. Assam and Meghalaya do not share a border with Myanmar. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/ Incorrect Ans: (c) Explanation: The states of Arunachal Pradesh, Nagaland, Manipur, and Mizoram share a border with Myanmar. Assam and Meghalaya do not share a border with Myanmar. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
#### 3. Question
Consider the following statements:
• Nagaland Manipur Mizoram Assam
How many of the above Indian states share a border with Myanmar?
• (a) Only one
• (b) Only two
• (c) Only three
• (d) All four
Explanation:
• The states of Arunachal Pradesh, Nagaland, Manipur, and Mizoram share a border with Myanmar. Assam and Meghalaya do not share a border with Myanmar.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
Explanation:
• The states of Arunachal Pradesh, Nagaland, Manipur, and Mizoram share a border with Myanmar. Assam and Meghalaya do not share a border with Myanmar.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
• Question 4 of 10 4. Question 1 points Consider the following statements about the Small Farmers’ Agribusiness Consortium (SFAC): The main objective of SFAC is to facilitate agribusiness projects by small farmers and to promote farmer producer organizations (FPOs). SFAC operates under the Ministry of Agriculture and Farmers’ Welfare, Government of India. SFAC provides venture capital assistance and project development facilities to agribusiness projects. How many of the above statements is/are correct? (a) Only one (b) Only two (c) All three (d) None Correct Ans: (c) Explanation: S1: SFAC focuses on enhancing the agricultural value chain and supporting small farmers by promoting FPOs. S2: SFAC functions under the aegis of the Ministry of Agriculture and Farmers’ Welfare. S3: SFAC offers various financial and technical support services, including venture capital assistance, to facilitate agribusiness projects. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/ Incorrect Ans: (c) Explanation: S1: SFAC focuses on enhancing the agricultural value chain and supporting small farmers by promoting FPOs. S2: SFAC functions under the aegis of the Ministry of Agriculture and Farmers’ Welfare. S3: SFAC offers various financial and technical support services, including venture capital assistance, to facilitate agribusiness projects. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
#### 4. Question
Consider the following statements about the Small Farmers’ Agribusiness Consortium (SFAC):
• The main objective of SFAC is to facilitate agribusiness projects by small farmers and to promote farmer producer organizations (FPOs). SFAC operates under the Ministry of Agriculture and Farmers’ Welfare, Government of India. SFAC provides venture capital assistance and project development facilities to agribusiness projects.
• The main objective of SFAC is to facilitate agribusiness projects by small farmers and to promote farmer producer organizations (FPOs).
• SFAC operates under the Ministry of Agriculture and Farmers’ Welfare, Government of India.
• SFAC provides venture capital assistance and project development facilities to agribusiness projects.
How many of the above statements is/are correct?
• (a) Only one
• (b) Only two
• (c) All three
Explanation:
• S1: SFAC focuses on enhancing the agricultural value chain and supporting small farmers by promoting FPOs.
• S2: SFAC functions under the aegis of the Ministry of Agriculture and Farmers’ Welfare.
• S3: SFAC offers various financial and technical support services, including venture capital assistance, to facilitate agribusiness projects.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
Explanation:
• S1: SFAC focuses on enhancing the agricultural value chain and supporting small farmers by promoting FPOs.
• S2: SFAC functions under the aegis of the Ministry of Agriculture and Farmers’ Welfare.
• S3: SFAC offers various financial and technical support services, including venture capital assistance, to facilitate agribusiness projects.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
• Question 5 of 10 5. Question 1 points Consider the following statements: The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). The WPI does not capture changes in the prices of services, which CPI does. The Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates. How many of the above statements are correct? (a) Only one (b) Only two (c) All three (d) None Correct Ans: (b) Explanation: Statements 1 and 2 are correct. Context: The DPIIT is finalizing a new model of the Producer Price Index (PPI) to better capture input prices in the economy. The Wholesale Price Index (WPI) is an economic indicator that measures the average change in prices of goods at the wholesale level, i.e., before they reach the retail level. It is used to track inflation and deflation trends in the economy by reflecting price changes in a basket of wholesale goods. S3: The Reserve Bank of India (RBI) Governor, Raghuram Raja in 2014 announced that the central bank had adopted the new Consumer Price Index (CPI) (combined) as the key measure of inflation. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/ Incorrect Ans: (b) Explanation: Statements 1 and 2 are correct. Context: The DPIIT is finalizing a new model of the Producer Price Index (PPI) to better capture input prices in the economy. The Wholesale Price Index (WPI) is an economic indicator that measures the average change in prices of goods at the wholesale level, i.e., before they reach the retail level. It is used to track inflation and deflation trends in the economy by reflecting price changes in a basket of wholesale goods. S3: The Reserve Bank of India (RBI) Governor, Raghuram Raja in 2014 announced that the central bank had adopted the new Consumer Price Index (CPI) (combined) as the key measure of inflation. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
#### 5. Question
Consider the following statements:
• The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). The WPI does not capture changes in the prices of services, which CPI does. The Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates.
• The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI).
• The WPI does not capture changes in the prices of services, which CPI does.
• The Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates.
How many of the above statements are correct?
• (a) Only one
• (b) Only two
• (c) All three
Explanation:
• Statements 1 and 2 are correct.
• Context: The DPIIT is finalizing a new model of the Producer Price Index (PPI) to better capture input prices in the economy.
• The Wholesale Price Index (WPI) is an economic indicator that measures the average change in prices of goods at the wholesale level, i.e., before they reach the retail level.
• It is used to track inflation and deflation trends in the economy by reflecting price changes in a basket of wholesale goods.
• S3: The Reserve Bank of India (RBI) Governor, Raghuram Raja in 2014 announced that the central bank had adopted the new Consumer Price Index (CPI) (combined) as the key measure of inflation.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
Explanation:
• Statements 1 and 2 are correct.
• Context: The DPIIT is finalizing a new model of the Producer Price Index (PPI) to better capture input prices in the economy.
• The Wholesale Price Index (WPI) is an economic indicator that measures the average change in prices of goods at the wholesale level, i.e., before they reach the retail level.
• It is used to track inflation and deflation trends in the economy by reflecting price changes in a basket of wholesale goods.
• S3: The Reserve Bank of India (RBI) Governor, Raghuram Raja in 2014 announced that the central bank had adopted the new Consumer Price Index (CPI) (combined) as the key measure of inflation.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
• Question 6 of 10 6. Question 1 points Which of the following statements about cryptocurrencies is correct? (a) Cryptocurrencies are regulated by central banks to ensure stability in their value. (b) Bitcoin is the only cryptocurrency that uses blockchain technology. (c) Ethereum's primary use is for decentralized applications (dApps) and smart contracts. (d) Cryptocurrencies are completely anonymous and untraceable. Correct Ans: (c) Explanation: Statement A is incorrect. Cryptocurrencies are typically decentralized and not regulated by central banks. Their value is determined by market supply and demand, which can lead to high volatility. Statement B is incorrect. While Bitcoin was the first cryptocurrency to use blockchain technology, many other cryptocurrencies also use blockchain. Examples include Ethereum, Litecoin, and Ripple. Statement C is correct. Ethereum is known for its capability to facilitate decentralized applications (dApps) and smart contracts, which are self-executing contracts with the terms directly written into code. Statement D is incorrect. Although cryptocurrencies can offer a degree of privacy, transactions are recorded on a public ledger (blockchain). This makes them pseudonymous rather than completely anonymous, meaning transactions can be traced back to wallet addresses. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/ Incorrect Ans: (c) Explanation: Statement A is incorrect. Cryptocurrencies are typically decentralized and not regulated by central banks. Their value is determined by market supply and demand, which can lead to high volatility. Statement B is incorrect. While Bitcoin was the first cryptocurrency to use blockchain technology, many other cryptocurrencies also use blockchain. Examples include Ethereum, Litecoin, and Ripple. Statement C is correct. Ethereum is known for its capability to facilitate decentralized applications (dApps) and smart contracts, which are self-executing contracts with the terms directly written into code. Statement D is incorrect. Although cryptocurrencies can offer a degree of privacy, transactions are recorded on a public ledger (blockchain). This makes them pseudonymous rather than completely anonymous, meaning transactions can be traced back to wallet addresses. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
#### 6. Question
Which of the following statements about cryptocurrencies is correct?
• (a) Cryptocurrencies are regulated by central banks to ensure stability in their value.
• (b) Bitcoin is the only cryptocurrency that uses blockchain technology.
• (c) Ethereum's primary use is for decentralized applications (dApps) and smart contracts.
• (d) Cryptocurrencies are completely anonymous and untraceable.
Explanation:
• Statement A is incorrect. Cryptocurrencies are typically decentralized and not regulated by central banks. Their value is determined by market supply and demand, which can lead to high volatility.
• Statement B is incorrect. While Bitcoin was the first cryptocurrency to use blockchain technology, many other cryptocurrencies also use blockchain. Examples include Ethereum, Litecoin, and Ripple.
• Statement C is correct. Ethereum is known for its capability to facilitate decentralized applications (dApps) and smart contracts, which are self-executing contracts with the terms directly written into code.
• Statement D is incorrect. Although cryptocurrencies can offer a degree of privacy, transactions are recorded on a public ledger (blockchain). This makes them pseudonymous rather than completely anonymous, meaning transactions can be traced back to wallet addresses.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
Explanation:
• Statement A is incorrect. Cryptocurrencies are typically decentralized and not regulated by central banks. Their value is determined by market supply and demand, which can lead to high volatility.
• Statement B is incorrect. While Bitcoin was the first cryptocurrency to use blockchain technology, many other cryptocurrencies also use blockchain. Examples include Ethereum, Litecoin, and Ripple.
• Statement C is correct. Ethereum is known for its capability to facilitate decentralized applications (dApps) and smart contracts, which are self-executing contracts with the terms directly written into code.
• Statement D is incorrect. Although cryptocurrencies can offer a degree of privacy, transactions are recorded on a public ledger (blockchain). This makes them pseudonymous rather than completely anonymous, meaning transactions can be traced back to wallet addresses.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
• Question 7 of 10 7. Question 1 points Consider the following statements about the Global Conclave on Plastics Recycling and Sustainability (GCPRS): The GCPRS focuses on promoting the development of new plastic materials. The GCPRS aims to bring together global leaders to discuss sustainable plastic waste management. Which of the above statements is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Correct Ans: (b) Explanation: The Global Conclave on Plastics Recycling and Sustainability (GCPRS), organized by the AIPMA (All-India Plastics Manufacturers’ Association (AIPMA), gathers industry stakeholders to address critical issues in plastic use and recycling, showcasing innovative technologies and fostering collaboration for sustainable practices across sectors. Statement 1 is incorrect as the primary focus is on recycling and sustainability, not developing new plastic materials. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/ Incorrect Ans: (b) Explanation: The Global Conclave on Plastics Recycling and Sustainability (GCPRS), organized by the AIPMA (All-India Plastics Manufacturers’ Association (AIPMA), gathers industry stakeholders to address critical issues in plastic use and recycling, showcasing innovative technologies and fostering collaboration for sustainable practices across sectors. Statement 1 is incorrect as the primary focus is on recycling and sustainability, not developing new plastic materials. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
#### 7. Question
Consider the following statements about the Global Conclave on Plastics Recycling and Sustainability (GCPRS):
• The GCPRS focuses on promoting the development of new plastic materials. The GCPRS aims to bring together global leaders to discuss sustainable plastic waste management.
• The GCPRS focuses on promoting the development of new plastic materials.
• The GCPRS aims to bring together global leaders to discuss sustainable plastic waste management.
Which of the above statements is/are correct?
• (a) 1 only
• (b) 2 only
• (c) Both 1 and 2
• (d) Neither 1 nor 2
Explanation:
• The Global Conclave on Plastics Recycling and Sustainability (GCPRS), organized by the AIPMA (All-India Plastics Manufacturers’ Association (AIPMA), gathers industry stakeholders to address critical issues in plastic use and recycling, showcasing innovative technologies and fostering collaboration for sustainable practices across sectors.
• Statement 1 is incorrect as the primary focus is on recycling and sustainability, not developing new plastic materials.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
Explanation:
• The Global Conclave on Plastics Recycling and Sustainability (GCPRS), organized by the AIPMA (All-India Plastics Manufacturers’ Association (AIPMA), gathers industry stakeholders to address critical issues in plastic use and recycling, showcasing innovative technologies and fostering collaboration for sustainable practices across sectors.
• Statement 1 is incorrect as the primary focus is on recycling and sustainability, not developing new plastic materials.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
• Question 8 of 10 8. Question 1 points Consider the following statements: 3D holograms require special glasses for viewing. 3D holograms can be used for medical imaging and teleconferencing. 3D holography can be enhanced using augmented reality. How many of the above statements are correct? (a) Only one (b) Only two (c) All three (d) None Correct Ans: (b) Explanation: S1 is Incorrect: 3D holograms do not require special glasses for viewing. Unlike 3D movies, holograms are visible to the naked eye as they create a light field that reproduces the visual depth and parallax. S2 is Correct: 3D holograms can be used for medical imaging and teleconferencing. They allow for the visualization of complex structures in three dimensions, providing better insight in medical diagnostics and enabling immersive communication experiences. S3 is Correct: 3D holography can indeed be enhanced using augmented reality (AR). AR can add interactive elements and additional layers of information to holographic displays, making them more engaging and functional. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/ Incorrect Ans: (b) Explanation: S1 is Incorrect: 3D holograms do not require special glasses for viewing. Unlike 3D movies, holograms are visible to the naked eye as they create a light field that reproduces the visual depth and parallax. S2 is Correct: 3D holograms can be used for medical imaging and teleconferencing. They allow for the visualization of complex structures in three dimensions, providing better insight in medical diagnostics and enabling immersive communication experiences. S3 is Correct: 3D holography can indeed be enhanced using augmented reality (AR). AR can add interactive elements and additional layers of information to holographic displays, making them more engaging and functional. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
#### 8. Question
Consider the following statements:
• 3D holograms require special glasses for viewing. 3D holograms can be used for medical imaging and teleconferencing. 3D holography can be enhanced using augmented reality.
• 3D holograms require special glasses for viewing.
• 3D holograms can be used for medical imaging and teleconferencing.
• 3D holography can be enhanced using augmented reality.
How many of the above statements are correct?
• (a) Only one
• (b) Only two
• (c) All three
Explanation:
• S1 is Incorrect: 3D holograms do not require special glasses for viewing. Unlike 3D movies, holograms are visible to the naked eye as they create a light field that reproduces the visual depth and parallax.
• S2 is Correct: 3D holograms can be used for medical imaging and teleconferencing. They allow for the visualization of complex structures in three dimensions, providing better insight in medical diagnostics and enabling immersive communication experiences.
• S3 is Correct: 3D holography can indeed be enhanced using augmented reality (AR). AR can add interactive elements and additional layers of information to holographic displays, making them more engaging and functional.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
Explanation:
• S1 is Incorrect: 3D holograms do not require special glasses for viewing. Unlike 3D movies, holograms are visible to the naked eye as they create a light field that reproduces the visual depth and parallax.
• S2 is Correct: 3D holograms can be used for medical imaging and teleconferencing. They allow for the visualization of complex structures in three dimensions, providing better insight in medical diagnostics and enabling immersive communication experiences.
• S3 is Correct: 3D holography can indeed be enhanced using augmented reality (AR). AR can add interactive elements and additional layers of information to holographic displays, making them more engaging and functional.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
• Question 9 of 10 9. Question 1 points Consider the following statements: Money mules knowingly assist in laundering money by allowing their bank accounts to be used for transferring stolen funds. Only individuals can be money mules, not businesses. Which of the above statements is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Correct Ans: (a) Explanation: Context: Banks are intensifying scrutiny on new sole proprietorship and individual current accounts to combat ‘money mule’ activities, aiming to deter money laundering and digital frauds. S1 is True. Money mules knowingly or unknowingly assist in laundering money by allowing their bank accounts to be used for transferring stolen funds. S2 is False. Both individuals and businesses can be exploited as money mules. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/ Incorrect Ans: (a) Explanation: Context: Banks are intensifying scrutiny on new sole proprietorship and individual current accounts to combat ‘money mule’ activities, aiming to deter money laundering and digital frauds. S1 is True. Money mules knowingly or unknowingly assist in laundering money by allowing their bank accounts to be used for transferring stolen funds. S2 is False. Both individuals and businesses can be exploited as money mules. Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
#### 9. Question
Consider the following statements:
• Money mules knowingly assist in laundering money by allowing their bank accounts to be used for transferring stolen funds. Only individuals can be money mules, not businesses.
• Money mules knowingly assist in laundering money by allowing their bank accounts to be used for transferring stolen funds.
• Only individuals can be money mules, not businesses.
Which of the above statements is/are correct?
• (a) 1 only
• (b) 2 only
• (c) Both 1 and 2
• (d) Neither 1 nor 2
Explanation:
• Context: Banks are intensifying scrutiny on new sole proprietorship and individual current accounts to combat ‘money mule’ activities, aiming to deter money laundering and digital frauds.
• S1 is True. Money mules knowingly or unknowingly assist in laundering money by allowing their bank accounts to be used for transferring stolen funds.
• S2 is False. Both individuals and businesses can be exploited as money mules.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
Explanation:
• Context: Banks are intensifying scrutiny on new sole proprietorship and individual current accounts to combat ‘money mule’ activities, aiming to deter money laundering and digital frauds.
• S1 is True. Money mules knowingly or unknowingly assist in laundering money by allowing their bank accounts to be used for transferring stolen funds.
• S2 is False. Both individuals and businesses can be exploited as money mules.
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
• Question 10 of 10 10. Question 1 points Consider the following subjects: Forest Trade Marriage How many of the above subjects are part of the Concurrent list? (a) Only one (b) Only two (c) All three (d) None Correct Ans: (c) Explanation: Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/ Incorrect Ans: (c) Explanation: Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
#### 10. Question
Consider the following subjects:
• Forest Trade Marriage
How many of the above subjects are part of the Concurrent list?
• (a) Only one
• (b) Only two
• (c) All three
Explanation:
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
Explanation:
Refer: https://www.insightsonindia.com/2024/07/06/upsc-current-affairs-6-july-2024/
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