UPSC Current Affairs Quiz : 15 November 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 What is the significance of the Spratly Islands in the South China Sea? a) Exclusive site for coral reef research b) Site of the largest oil reserves in the region c) Home to international shipping headquarters d) Known for military bases and rich fishing zones Correct Solution: d) The Spratly Islands are significant due to their rich natural resources, fishing zones, and strategic military installations. Frequent site of China-Philippines clashes, including laser usage and water cannon incidents by Chinese vessels. They do not house international shipping headquarters or represent the largest oil reserves in the region. Incorrect Solution: d) The Spratly Islands are significant due to their rich natural resources, fishing zones, and strategic military installations. Frequent site of China-Philippines clashes, including laser usage and water cannon incidents by Chinese vessels. They do not house international shipping headquarters or represent the largest oil reserves in the region.
#### 1. Question
What is the significance of the Spratly Islands in the South China Sea?
• a) Exclusive site for coral reef research
• b) Site of the largest oil reserves in the region
• c) Home to international shipping headquarters
• d) Known for military bases and rich fishing zones
Solution: d)
The Spratly Islands are significant due to their rich natural resources, fishing zones, and strategic military installations. Frequent site of China-Philippines clashes, including laser usage and water cannon incidents by Chinese vessels.
They do not house international shipping headquarters or represent the largest oil reserves in the region.
Solution: d)
The Spratly Islands are significant due to their rich natural resources, fishing zones, and strategic military installations. Frequent site of China-Philippines clashes, including laser usage and water cannon incidents by Chinese vessels.
They do not house international shipping headquarters or represent the largest oil reserves in the region.
• Question 2 of 10 2. Question 1 points What is the primary objective of Operation Kawach initiated by the Delhi Police? a) Improve public relations between police and citizens b) Streamline traffic management in high-crime areas c) Combat gang violence, drug trafficking, and organized crime d) Enhance cybercrime investigation capabilities Correct Solution: c) The primary objective of Operation Kawach is to combat gang-related violence, drug trafficking, and organized crime in Delhi. About Operation Kawach: Aim: To combat gang-related violence, drug trafficking, and illegal activities such as possession of firearms, liquor, and banned substances. Agency involved: Delhi Police, including local units, Special Cell, and Crime Branch. Geographical area: Multiple districts across Delhi, including Outer North, Dwarka, Southeast, Southwest, and North districts. Significance: Strengthens law enforcement against organized crime. Enhances public safety by dismantling networks linked to prominent gangs like Lawrence Bishnoi, Neeraj Bawana, and others. Prevents illegal trade of firearms, liquor, and narcotics. Incorrect Solution: c) The primary objective of Operation Kawach is to combat gang-related violence, drug trafficking, and organized crime in Delhi. About Operation Kawach: Aim: To combat gang-related violence, drug trafficking, and illegal activities such as possession of firearms, liquor, and banned substances. Agency involved: Delhi Police, including local units, Special Cell, and Crime Branch. Geographical area: Multiple districts across Delhi, including Outer North, Dwarka, Southeast, Southwest, and North districts. Significance: Strengthens law enforcement against organized crime. Enhances public safety by dismantling networks linked to prominent gangs like Lawrence Bishnoi, Neeraj Bawana, and others. Prevents illegal trade of firearms, liquor, and narcotics.
#### 2. Question
What is the primary objective of Operation Kawach initiated by the Delhi Police?
• a) Improve public relations between police and citizens
• b) Streamline traffic management in high-crime areas
• c) Combat gang violence, drug trafficking, and organized crime
• d) Enhance cybercrime investigation capabilities
Solution: c)
The primary objective of Operation Kawach is to combat gang-related violence, drug trafficking, and organized crime in Delhi.
About Operation Kawach:
• Aim: To combat gang-related violence, drug trafficking, and illegal activities such as possession of firearms, liquor, and banned substances.
• Agency involved: Delhi Police, including local units, Special Cell, and Crime Branch.
• Geographical area: Multiple districts across Delhi, including Outer North, Dwarka, Southeast, Southwest, and North districts.
• Significance: Strengthens law enforcement against organized crime. Enhances public safety by dismantling networks linked to prominent gangs like Lawrence Bishnoi, Neeraj Bawana, and others. Prevents illegal trade of firearms, liquor, and narcotics.
• Strengthens law enforcement against organized crime.
• Enhances public safety by dismantling networks linked to prominent gangs like Lawrence Bishnoi, Neeraj Bawana, and others.
• Prevents illegal trade of firearms, liquor, and narcotics.
Solution: c)
The primary objective of Operation Kawach is to combat gang-related violence, drug trafficking, and organized crime in Delhi.
About Operation Kawach:
• Aim: To combat gang-related violence, drug trafficking, and illegal activities such as possession of firearms, liquor, and banned substances.
• Agency involved: Delhi Police, including local units, Special Cell, and Crime Branch.
• Geographical area: Multiple districts across Delhi, including Outer North, Dwarka, Southeast, Southwest, and North districts.
• Significance: Strengthens law enforcement against organized crime. Enhances public safety by dismantling networks linked to prominent gangs like Lawrence Bishnoi, Neeraj Bawana, and others. Prevents illegal trade of firearms, liquor, and narcotics.
• Strengthens law enforcement against organized crime.
• Enhances public safety by dismantling networks linked to prominent gangs like Lawrence Bishnoi, Neeraj Bawana, and others.
• Prevents illegal trade of firearms, liquor, and narcotics.
• Question 3 of 10 3. Question 1 points Consider the following statements regarding African elephants: Both African Bush and Forest Elephants have two-finger-like processes at the trunk’s tip. African Forest Elephants are classified as Critically Endangered by the IUCN. Both male and female African Forest Elephants have tusks. Which of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: c) African elephants have two-finger-like projections at the tip of their trunks. The African Forest Elephant is classified as Critically Endangered, and both males and females of this subspecies have tusks. About African Elephants: Classification: Largest land animals, native to Sub-Saharan Africa. Two subspecies: African Bush Elephant (Loxodonta africana) and African Forest Elephant (Loxodonta cyclotis). Habitat: Found in savannas, forests, grasslands, arid regions, rainforests, and woodlands like mopane and miombo. Physical features: Distinct two-finger-like processes at the trunk’s tip. Both males and females have tusks, with the forest elephant’s tusks being smaller and darker. Behavior and Reproduction: Live in family units led by adult females, with strong social bonds. Have the lowest sleep time among animals (~2 hours per day). Long gestation period of up to two years; calves are nurtured by mothers and allomothers. Conservation status: African Bush Elephant: Endangered (IUCN). African Forest Elephant: Critically Endangered (IUCN). Listed under CITES Appendix I. Incorrect Solution: c) African elephants have two-finger-like projections at the tip of their trunks. The African Forest Elephant is classified as Critically Endangered, and both males and females of this subspecies have tusks. About African Elephants: Classification: Largest land animals, native to Sub-Saharan Africa. Two subspecies: African Bush Elephant (Loxodonta africana) and African Forest Elephant (Loxodonta cyclotis). Habitat: Found in savannas, forests, grasslands, arid regions, rainforests, and woodlands like mopane and miombo. Physical features: Distinct two-finger-like processes at the trunk’s tip. Both males and females have tusks, with the forest elephant’s tusks being smaller and darker. Behavior and Reproduction: Live in family units led by adult females, with strong social bonds. Have the lowest sleep time among animals (~2 hours per day). Long gestation period of up to two years; calves are nurtured by mothers and allomothers. Conservation status: African Bush Elephant: Endangered (IUCN). African Forest Elephant: Critically Endangered (IUCN). Listed under CITES Appendix I.
#### 3. Question
Consider the following statements regarding African elephants:
• Both African Bush and Forest Elephants have two-finger-like processes at the trunk’s tip.
• African Forest Elephants are classified as Critically Endangered by the IUCN.
• Both male and female African Forest Elephants have tusks.
Which of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: c)
African elephants have two-finger-like projections at the tip of their trunks. The African Forest Elephant is classified as Critically Endangered, and both males and females of this subspecies have tusks.
About African Elephants:
• Classification: Largest land animals, native to Sub-Saharan Africa. Two subspecies: African Bush Elephant (Loxodonta africana) and African Forest Elephant (Loxodonta cyclotis).
• Largest land animals, native to Sub-Saharan Africa.
• Two subspecies: African Bush Elephant (Loxodonta africana) and African Forest Elephant (Loxodonta cyclotis).
• Habitat: Found in savannas, forests, grasslands, arid regions, rainforests, and woodlands like mopane and miombo.
• Found in savannas, forests, grasslands, arid regions, rainforests, and woodlands like mopane and miombo.
• Physical features: Distinct two-finger-like processes at the trunk’s tip. Both males and females have tusks, with the forest elephant’s tusks being smaller and darker.
• Distinct two-finger-like processes at the trunk’s tip.
• Both males and females have tusks, with the forest elephant’s tusks being smaller and darker.
• Behavior and Reproduction: Live in family units led by adult females, with strong social bonds. Have the lowest sleep time among animals (~2 hours per day). Long gestation period of up to two years; calves are nurtured by mothers and allomothers.
• Live in family units led by adult females, with strong social bonds.
• Have the lowest sleep time among animals (~2 hours per day).
• Long gestation period of up to two years; calves are nurtured by mothers and allomothers.
• Conservation status: African Bush Elephant: Endangered (IUCN). African Forest Elephant: Critically Endangered (IUCN). Listed under CITES Appendix I.
• African Bush Elephant: Endangered (IUCN).
• African Forest Elephant: Critically Endangered (IUCN).
• Listed under CITES Appendix I.
Solution: c)
African elephants have two-finger-like projections at the tip of their trunks. The African Forest Elephant is classified as Critically Endangered, and both males and females of this subspecies have tusks.
About African Elephants:
• Classification: Largest land animals, native to Sub-Saharan Africa. Two subspecies: African Bush Elephant (Loxodonta africana) and African Forest Elephant (Loxodonta cyclotis).
• Largest land animals, native to Sub-Saharan Africa.
• Two subspecies: African Bush Elephant (Loxodonta africana) and African Forest Elephant (Loxodonta cyclotis).
• Habitat: Found in savannas, forests, grasslands, arid regions, rainforests, and woodlands like mopane and miombo.
• Found in savannas, forests, grasslands, arid regions, rainforests, and woodlands like mopane and miombo.
• Physical features: Distinct two-finger-like processes at the trunk’s tip. Both males and females have tusks, with the forest elephant’s tusks being smaller and darker.
• Distinct two-finger-like processes at the trunk’s tip.
• Both males and females have tusks, with the forest elephant’s tusks being smaller and darker.
• Behavior and Reproduction: Live in family units led by adult females, with strong social bonds. Have the lowest sleep time among animals (~2 hours per day). Long gestation period of up to two years; calves are nurtured by mothers and allomothers.
• Live in family units led by adult females, with strong social bonds.
• Have the lowest sleep time among animals (~2 hours per day).
• Long gestation period of up to two years; calves are nurtured by mothers and allomothers.
• Conservation status: African Bush Elephant: Endangered (IUCN). African Forest Elephant: Critically Endangered (IUCN). Listed under CITES Appendix I.
• African Bush Elephant: Endangered (IUCN).
• African Forest Elephant: Critically Endangered (IUCN).
• Listed under CITES Appendix I.
• Question 4 of 10 4. Question 1 points Consider the following statements about 25th South Asian Telecommunication Regulators’ Council (SATRC-25): SATRC facilitates knowledge exchange through seminars, training, and workshops. It is governed by the Ministry of Telecommunications of the host country. It promotes regulatory cooperation among member countries. SATRC functions under the direct supervision of the ITU. Which of the above statements is/are correct? a) Only one b) Only two c) Only three d) None Correct Solution: b) Statements 1 and 3 are correct. SATRC promotes knowledge exchange and regulatory cooperation among members. Statement 2 is incorrect as it is governed by member regulatory bodies, not the host country’s ministry. Statement 4 is also incorrect as SATRC operates under the Asia-Pacific Telecommunity (APT), not directly under the ITU. About South Asian Telecommunication Regulators’ Council: Formation: Established in 1997 by the Asia-Pacific Telecommunity (APT) in collaboration with the ITU Regional Office for Asia and the Pacific. Member Countries: Afghanistan, Bangladesh, Bhutan, India, Iran, Maldives, Nepal, Pakistan, and Sri Lanka. Governance: Composed of Heads of regulatory bodies of member countries; affiliate members also actively participate. 2024 Theme: “Accelerating Telecommunication and ICT Development for Growth and Inclusiveness” Core Functions: Discuss and coordinate telecommunication and ICT regulations of mutual interest. Address issues like radio frequency coordination, standards, regulatory trends, and telecommunication strategies. Promote potential areas of cooperation among member countries. Facilitate knowledge exchange through seminars, training, and workshops. Incorrect Solution: b) Statements 1 and 3 are correct. SATRC promotes knowledge exchange and regulatory cooperation among members. Statement 2 is incorrect as it is governed by member regulatory bodies, not the host country’s ministry. Statement 4 is also incorrect as SATRC operates under the Asia-Pacific Telecommunity (APT), not directly under the ITU. About South Asian Telecommunication Regulators’ Council: Formation: Established in 1997 by the Asia-Pacific Telecommunity (APT) in collaboration with the ITU Regional Office for Asia and the Pacific. Member Countries: Afghanistan, Bangladesh, Bhutan, India, Iran, Maldives, Nepal, Pakistan, and Sri Lanka. Governance: Composed of Heads of regulatory bodies of member countries; affiliate members also actively participate. 2024 Theme: “Accelerating Telecommunication and ICT Development for Growth and Inclusiveness” Core Functions: Discuss and coordinate telecommunication and ICT regulations of mutual interest. Address issues like radio frequency coordination, standards, regulatory trends, and telecommunication strategies. Promote potential areas of cooperation among member countries. Facilitate knowledge exchange through seminars, training, and workshops.
#### 4. Question
Consider the following statements about 25th South Asian Telecommunication Regulators’ Council (SATRC-25):
• SATRC facilitates knowledge exchange through seminars, training, and workshops.
• It is governed by the Ministry of Telecommunications of the host country.
• It promotes regulatory cooperation among member countries.
• SATRC functions under the direct supervision of the ITU.
Which of the above statements is/are correct?
• a) Only one
• b) Only two
• c) Only three
Solution: b)
Statements 1 and 3 are correct. SATRC promotes knowledge exchange and regulatory cooperation among members.
Statement 2 is incorrect as it is governed by member regulatory bodies, not the host country’s ministry. Statement 4 is also incorrect as SATRC operates under the Asia-Pacific Telecommunity (APT), not directly under the ITU.
About South Asian Telecommunication Regulators’ Council:
• Formation: Established in 1997 by the Asia-Pacific Telecommunity (APT) in collaboration with the ITU Regional Office for Asia and the Pacific.
• Member Countries: Afghanistan, Bangladesh, Bhutan, India, Iran, Maldives, Nepal, Pakistan, and Sri Lanka.
• Governance: Composed of Heads of regulatory bodies of member countries; affiliate members also actively participate.
• 2024 Theme: “Accelerating Telecommunication and ICT Development for Growth and Inclusiveness”
• Core Functions:
• Discuss and coordinate telecommunication and ICT regulations of mutual interest. Address issues like radio frequency coordination, standards, regulatory trends, and telecommunication strategies. Promote potential areas of cooperation among member countries. Facilitate knowledge exchange through seminars, training, and workshops.
• Discuss and coordinate telecommunication and ICT regulations of mutual interest.
• Address issues like radio frequency coordination, standards, regulatory trends, and telecommunication strategies.
• Promote potential areas of cooperation among member countries.
• Facilitate knowledge exchange through seminars, training, and workshops.
Solution: b)
Statements 1 and 3 are correct. SATRC promotes knowledge exchange and regulatory cooperation among members.
Statement 2 is incorrect as it is governed by member regulatory bodies, not the host country’s ministry. Statement 4 is also incorrect as SATRC operates under the Asia-Pacific Telecommunity (APT), not directly under the ITU.
About South Asian Telecommunication Regulators’ Council:
• Formation: Established in 1997 by the Asia-Pacific Telecommunity (APT) in collaboration with the ITU Regional Office for Asia and the Pacific.
• Member Countries: Afghanistan, Bangladesh, Bhutan, India, Iran, Maldives, Nepal, Pakistan, and Sri Lanka.
• Governance: Composed of Heads of regulatory bodies of member countries; affiliate members also actively participate.
• 2024 Theme: “Accelerating Telecommunication and ICT Development for Growth and Inclusiveness”
• Core Functions:
• Discuss and coordinate telecommunication and ICT regulations of mutual interest. Address issues like radio frequency coordination, standards, regulatory trends, and telecommunication strategies. Promote potential areas of cooperation among member countries. Facilitate knowledge exchange through seminars, training, and workshops.
• Discuss and coordinate telecommunication and ICT regulations of mutual interest.
• Address issues like radio frequency coordination, standards, regulatory trends, and telecommunication strategies.
• Promote potential areas of cooperation among member countries.
• Facilitate knowledge exchange through seminars, training, and workshops.
• Question 5 of 10 5. Question 1 points Which of the following works is NOT a part of the Nehru Archive collection? a) India Wins Freedom b) Letters from a Father to His Daughter c) Glimpses of World History d) The Discovery of India Correct Solution: a) The Nehru Archive includes works like “The Discovery of India,” “Letters from a Father to His Daughter,” and “Glimpses of World History,” all authored by Jawaharlal Nehru. “India Wins Freedom,” however, is by Maulana Abul Kalam Azad, not Nehru. Incorrect Solution: a) The Nehru Archive includes works like “The Discovery of India,” “Letters from a Father to His Daughter,” and “Glimpses of World History,” all authored by Jawaharlal Nehru. “India Wins Freedom,” however, is by Maulana Abul Kalam Azad, not Nehru.
#### 5. Question
Which of the following works is NOT a part of the Nehru Archive collection?
• a) India Wins Freedom
• b) Letters from a Father to His Daughter
• c) Glimpses of World History
• d) The Discovery of India
Solution: a)
The Nehru Archive includes works like “The Discovery of India,” “Letters from a Father to His Daughter,” and “Glimpses of World History,” all authored by Jawaharlal Nehru. “India Wins Freedom,” however, is by Maulana Abul Kalam Azad, not Nehru.
Solution: a)
The Nehru Archive includes works like “The Discovery of India,” “Letters from a Father to His Daughter,” and “Glimpses of World History,” all authored by Jawaharlal Nehru. “India Wins Freedom,” however, is by Maulana Abul Kalam Azad, not Nehru.
• Question 6 of 10 6. Question 1 points Consider the following statements regarding Domestic Systemically Important Banks (D-SIBs): D-SIBs are subject to additional capital requirements to prevent systemic risks. Banks classified as D-SIBs must have a size greater than 10% of GDP. The classification of D-SIBs in India is based on a framework introduced by the Reserve Bank of India. Which of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: b) Statements 1 and 3 are correct. D-SIBs have additional capital requirements to prevent systemic risks, and the RBI introduced the D-SIB framework in 2014. Statement 2 is incorrect as banks are assessed for D-SIB classification if their size exceeds 2% of GDP, not 10%. About Domestic Systemically Important Banks (D-SIBs): The RBI had first announced the framework dealing with D-SIBs in 2014. What is D-SIBs? Banks classified as “Too Big To Fail (TBTF)” due to their size, interconnectedness, and critical role in the economy. Their failure could disrupt the financial system and economic activity. Which Banks are D-SIBs? State Bank of India (SBI) (2015) ICICI Bank (2016) HDFC Bank (2017) Need for D-SIBs Prevent systemic risk and ensure the uninterrupted availability of essential banking services. Reduce moral hazard by imposing additional capital requirements and regulatory oversight. Different Buckets under D-SIBs Banks are placed in buckets based on systemic importance: SBI: Bucket 4 HDFC Bank: Bucket 3 ICICI Bank: Bucket 1 Capital Requirements Additional Common Equity Tier 1 (CET1) requirements based on bucket: SBI: 0.80% of Risk Weighted Assets (RWAs). HDFC Bank: 0.40% of RWAs. ICICI Bank: 0.20% of RWAs. Higher surcharges applicable from April 1, 2025. Selection Criteria Banks with size >2% of GDP are assessed. A composite score is calculated based on size, cross-jurisdictional activity, complexity, substitutability, and interconnectedness. Banks above a threshold score are classified as D-SIBs. Incorrect Solution: b) Statements 1 and 3 are correct. D-SIBs have additional capital requirements to prevent systemic risks, and the RBI introduced the D-SIB framework in 2014. Statement 2 is incorrect as banks are assessed for D-SIB classification if their size exceeds 2% of GDP, not 10%. About Domestic Systemically Important Banks (D-SIBs): The RBI had first announced the framework dealing with D-SIBs in 2014. What is D-SIBs? Banks classified as “Too Big To Fail (TBTF)” due to their size, interconnectedness, and critical role in the economy. Their failure could disrupt the financial system and economic activity. Which Banks are D-SIBs? State Bank of India (SBI) (2015) ICICI Bank (2016) HDFC Bank (2017) Need for D-SIBs Prevent systemic risk and ensure the uninterrupted availability of essential banking services. Reduce moral hazard by imposing additional capital requirements and regulatory oversight. Different Buckets under D-SIBs Banks are placed in buckets based on systemic importance: SBI: Bucket 4 HDFC Bank: Bucket 3 ICICI Bank: Bucket 1 Capital Requirements Additional Common Equity Tier 1 (CET1) requirements based on bucket: SBI: 0.80% of Risk Weighted Assets (RWAs). HDFC Bank: 0.40% of RWAs. ICICI Bank: 0.20% of RWAs. Higher surcharges applicable from April 1, 2025. Selection Criteria Banks with size >2% of GDP are assessed. A composite score is calculated based on size, cross-jurisdictional activity, complexity, substitutability, and interconnectedness. Banks above a threshold score are classified as D-SIBs.
#### 6. Question
Consider the following statements regarding Domestic Systemically Important Banks (D-SIBs):
• D-SIBs are subject to additional capital requirements to prevent systemic risks.
• Banks classified as D-SIBs must have a size greater than 10% of GDP.
• The classification of D-SIBs in India is based on a framework introduced by the Reserve Bank of India.
Which of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: b)
Statements 1 and 3 are correct. D-SIBs have additional capital requirements to prevent systemic risks, and the RBI introduced the D-SIB framework in 2014.
Statement 2 is incorrect as banks are assessed for D-SIB classification if their size exceeds 2% of GDP, not 10%.
About Domestic Systemically Important Banks (D-SIBs):
• The RBI had first announced the framework dealing with D-SIBs in 2014.
• What is D-SIBs? Banks classified as “Too Big To Fail (TBTF)” due to their size, interconnectedness, and critical role in the economy. Their failure could disrupt the financial system and economic activity.
• Banks classified as “Too Big To Fail (TBTF)” due to their size, interconnectedness, and critical role in the economy.
• Their failure could disrupt the financial system and economic activity.
• Which Banks are D-SIBs? State Bank of India (SBI) (2015) ICICI Bank (2016) HDFC Bank (2017)
• State Bank of India (SBI) (2015)
• ICICI Bank (2016)
• HDFC Bank (2017)
• Need for D-SIBs Prevent systemic risk and ensure the uninterrupted availability of essential banking services. Reduce moral hazard by imposing additional capital requirements and regulatory oversight.
• Prevent systemic risk and ensure the uninterrupted availability of essential banking services.
• Reduce moral hazard by imposing additional capital requirements and regulatory oversight.
• Different Buckets under D-SIBs Banks are placed in buckets based on systemic importance: SBI: Bucket 4 HDFC Bank: Bucket 3 ICICI Bank: Bucket 1
• Banks are placed in buckets based on systemic importance: SBI: Bucket 4 HDFC Bank: Bucket 3 ICICI Bank: Bucket 1
• SBI: Bucket 4
• HDFC Bank: Bucket 3
• ICICI Bank: Bucket 1
• Capital Requirements Additional Common Equity Tier 1 (CET1) requirements based on bucket: SBI: 0.80% of Risk Weighted Assets (RWAs). HDFC Bank: 0.40% of RWAs. ICICI Bank: 0.20% of RWAs. Higher surcharges applicable from April 1, 2025.
• Additional Common Equity Tier 1 (CET1) requirements based on bucket: SBI: 0.80% of Risk Weighted Assets (RWAs). HDFC Bank: 0.40% of RWAs. ICICI Bank: 0.20% of RWAs.
• SBI: 0.80% of Risk Weighted Assets (RWAs).
• HDFC Bank: 0.40% of RWAs.
• ICICI Bank: 0.20% of RWAs.
• Higher surcharges applicable from April 1, 2025.
• Selection Criteria Banks with size >2% of GDP are assessed. A composite score is calculated based on size, cross-jurisdictional activity, complexity, substitutability, and interconnectedness. Banks above a threshold score are classified as D-SIBs.
• Banks with size >2% of GDP are assessed.
• A composite score is calculated based on size, cross-jurisdictional activity, complexity, substitutability, and interconnectedness.
• Banks above a threshold score are classified as D-SIBs.
Solution: b)
Statements 1 and 3 are correct. D-SIBs have additional capital requirements to prevent systemic risks, and the RBI introduced the D-SIB framework in 2014.
Statement 2 is incorrect as banks are assessed for D-SIB classification if their size exceeds 2% of GDP, not 10%.
About Domestic Systemically Important Banks (D-SIBs):
• The RBI had first announced the framework dealing with D-SIBs in 2014.
• What is D-SIBs? Banks classified as “Too Big To Fail (TBTF)” due to their size, interconnectedness, and critical role in the economy. Their failure could disrupt the financial system and economic activity.
• Banks classified as “Too Big To Fail (TBTF)” due to their size, interconnectedness, and critical role in the economy.
• Their failure could disrupt the financial system and economic activity.
• Which Banks are D-SIBs? State Bank of India (SBI) (2015) ICICI Bank (2016) HDFC Bank (2017)
• State Bank of India (SBI) (2015)
• ICICI Bank (2016)
• HDFC Bank (2017)
• Need for D-SIBs Prevent systemic risk and ensure the uninterrupted availability of essential banking services. Reduce moral hazard by imposing additional capital requirements and regulatory oversight.
• Prevent systemic risk and ensure the uninterrupted availability of essential banking services.
• Reduce moral hazard by imposing additional capital requirements and regulatory oversight.
• Different Buckets under D-SIBs Banks are placed in buckets based on systemic importance: SBI: Bucket 4 HDFC Bank: Bucket 3 ICICI Bank: Bucket 1
• Banks are placed in buckets based on systemic importance: SBI: Bucket 4 HDFC Bank: Bucket 3 ICICI Bank: Bucket 1
• SBI: Bucket 4
• HDFC Bank: Bucket 3
• ICICI Bank: Bucket 1
• Capital Requirements Additional Common Equity Tier 1 (CET1) requirements based on bucket: SBI: 0.80% of Risk Weighted Assets (RWAs). HDFC Bank: 0.40% of RWAs. ICICI Bank: 0.20% of RWAs. Higher surcharges applicable from April 1, 2025.
• Additional Common Equity Tier 1 (CET1) requirements based on bucket: SBI: 0.80% of Risk Weighted Assets (RWAs). HDFC Bank: 0.40% of RWAs. ICICI Bank: 0.20% of RWAs.
• SBI: 0.80% of Risk Weighted Assets (RWAs).
• HDFC Bank: 0.40% of RWAs.
• ICICI Bank: 0.20% of RWAs.
• Higher surcharges applicable from April 1, 2025.
• Selection Criteria Banks with size >2% of GDP are assessed. A composite score is calculated based on size, cross-jurisdictional activity, complexity, substitutability, and interconnectedness. Banks above a threshold score are classified as D-SIBs.
• Banks with size >2% of GDP are assessed.
• A composite score is calculated based on size, cross-jurisdictional activity, complexity, substitutability, and interconnectedness.
• Banks above a threshold score are classified as D-SIBs.
• Question 7 of 10 7. Question 1 points What unique contribution did Satyendra Nath Bose make to quantum mechanics? a) Development of the Schrödinger equation b) Discovery of the neutron c) Formulation of Bose-Einstein Statistics d) Introduction of the uncertainty principle Correct Solution: c) Satyendra Nath Bose developed the Bose-Einstein Statistics by treating light as a photon gas and creating a new method for counting photon states, which Albert Einstein later extended to atoms. This work laid the foundation for quantum statistics, distinct from options (a), (b), and (d), which were contributions by other physicists. His Work: Planck’s Law and Photon Gas: Derived Planck’s law using a novel statistical method treating light as a photon gas. Developed new techniques for counting photon states, forming the basis of Bose-Einstein statistics. Collaboration with Einstein: Sent his paper on radiation to Albert Einstein, who translated it into German and published it. Einstein extended Bose’s work to atoms, leading to the theory of Bose-Einstein condensates and the ideal quantum gas. Bosons: Bose-Einstein statistics apply to particles with integer spins, named bosons (by Paul Dirac) in his honor. Bosons do not obey the Pauli Exclusion Principle. Bose-Einstein Condensates (BECs): Predicted a new state of matter where bosons condense into the lowest quantum state at near absolute zero temperatures. Experimentally confirmed in 1995 using rubidium and sodium atoms, earning a Nobel Prize for Eric Cornell, Carl Wieman, and Wolfgang Ketterle in 2001. Incorrect Solution: c) Satyendra Nath Bose developed the Bose-Einstein Statistics by treating light as a photon gas and creating a new method for counting photon states, which Albert Einstein later extended to atoms. This work laid the foundation for quantum statistics, distinct from options (a), (b), and (d), which were contributions by other physicists. His Work: Planck’s Law and Photon Gas: Derived Planck’s law using a novel statistical method treating light as a photon gas. Developed new techniques for counting photon states, forming the basis of Bose-Einstein statistics. Collaboration with Einstein: Sent his paper on radiation to Albert Einstein, who translated it into German and published it. Einstein extended Bose’s work to atoms, leading to the theory of Bose-Einstein condensates and the ideal quantum gas. Bosons: Bose-Einstein statistics apply to particles with integer spins, named bosons (by Paul Dirac) in his honor. Bosons do not obey the Pauli Exclusion Principle. Bose-Einstein Condensates (BECs): Predicted a new state of matter where bosons condense into the lowest quantum state at near absolute zero temperatures. Experimentally confirmed in 1995 using rubidium and sodium atoms, earning a Nobel Prize for Eric Cornell, Carl Wieman, and Wolfgang Ketterle in 2001.
#### 7. Question
What unique contribution did Satyendra Nath Bose make to quantum mechanics?
• a) Development of the Schrödinger equation
• b) Discovery of the neutron
• c) Formulation of Bose-Einstein Statistics
• d) Introduction of the uncertainty principle
Solution: c)
Satyendra Nath Bose developed the Bose-Einstein Statistics by treating light as a photon gas and creating a new method for counting photon states, which Albert Einstein later extended to atoms. This work laid the foundation for quantum statistics, distinct from options (a), (b), and (d), which were contributions by other physicists.
His Work:
• Planck’s Law and Photon Gas: Derived Planck’s law using a novel statistical method treating light as a photon gas. Developed new techniques for counting photon states, forming the basis of Bose-Einstein statistics.
• Derived Planck’s law using a novel statistical method treating light as a photon gas.
• Developed new techniques for counting photon states, forming the basis of Bose-Einstein statistics.
• Collaboration with Einstein: Sent his paper on radiation to Albert Einstein, who translated it into German and published it. Einstein extended Bose’s work to atoms, leading to the theory of Bose-Einstein condensates and the ideal quantum gas.
• Sent his paper on radiation to Albert Einstein, who translated it into German and published it.
• Einstein extended Bose’s work to atoms, leading to the theory of Bose-Einstein condensates and the ideal quantum gas.
• Bosons: Bose-Einstein statistics apply to particles with integer spins, named bosons (by Paul Dirac) in his honor. Bosons do not obey the Pauli Exclusion Principle.
• Bose-Einstein statistics apply to particles with integer spins, named bosons (by Paul Dirac) in his honor.
• Bosons do not obey the Pauli Exclusion Principle.
• Bose-Einstein Condensates (BECs): Predicted a new state of matter where bosons condense into the lowest quantum state at near absolute zero temperatures. Experimentally confirmed in 1995 using rubidium and sodium atoms, earning a Nobel Prize for Eric Cornell, Carl Wieman, and Wolfgang Ketterle in 2001.
• Predicted a new state of matter where bosons condense into the lowest quantum state at near absolute zero temperatures.
• Experimentally confirmed in 1995 using rubidium and sodium atoms, earning a Nobel Prize for Eric Cornell, Carl Wieman, and Wolfgang Ketterle in 2001.
Solution: c)
Satyendra Nath Bose developed the Bose-Einstein Statistics by treating light as a photon gas and creating a new method for counting photon states, which Albert Einstein later extended to atoms. This work laid the foundation for quantum statistics, distinct from options (a), (b), and (d), which were contributions by other physicists.
His Work:
• Planck’s Law and Photon Gas: Derived Planck’s law using a novel statistical method treating light as a photon gas. Developed new techniques for counting photon states, forming the basis of Bose-Einstein statistics.
• Derived Planck’s law using a novel statistical method treating light as a photon gas.
• Developed new techniques for counting photon states, forming the basis of Bose-Einstein statistics.
• Collaboration with Einstein: Sent his paper on radiation to Albert Einstein, who translated it into German and published it. Einstein extended Bose’s work to atoms, leading to the theory of Bose-Einstein condensates and the ideal quantum gas.
• Sent his paper on radiation to Albert Einstein, who translated it into German and published it.
• Einstein extended Bose’s work to atoms, leading to the theory of Bose-Einstein condensates and the ideal quantum gas.
• Bosons: Bose-Einstein statistics apply to particles with integer spins, named bosons (by Paul Dirac) in his honor. Bosons do not obey the Pauli Exclusion Principle.
• Bose-Einstein statistics apply to particles with integer spins, named bosons (by Paul Dirac) in his honor.
• Bosons do not obey the Pauli Exclusion Principle.
• Bose-Einstein Condensates (BECs): Predicted a new state of matter where bosons condense into the lowest quantum state at near absolute zero temperatures. Experimentally confirmed in 1995 using rubidium and sodium atoms, earning a Nobel Prize for Eric Cornell, Carl Wieman, and Wolfgang Ketterle in 2001.
• Predicted a new state of matter where bosons condense into the lowest quantum state at near absolute zero temperatures.
• Experimentally confirmed in 1995 using rubidium and sodium atoms, earning a Nobel Prize for Eric Cornell, Carl Wieman, and Wolfgang Ketterle in 2001.
• Question 8 of 10 8. Question 1 points Consider the following statements about the South China Sea Dispute: The nine-dash line claimed by China has been validated by international arbitration. The Paracel Islands are under joint administration by China, Vietnam, and Taiwan. The Second Thomas Shoal is exclusively controlled by the Philippines without contestation. Which of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: d) Statement 1 is incorrect: The nine-dash line claimed by China was rejected by the Permanent Court of Arbitration (PCA) in 2016 in favor of the Philippines. Statement 2 is incorrect: The Paracel Islands are under Chinese control, but Vietnam and Taiwan also claim them; they are not jointly administered. Statement 3 is incorrect: The Second Thomas Shoal is contested, particularly between the Philippines and China. Incorrect Solution: d) Statement 1 is incorrect: The nine-dash line claimed by China was rejected by the Permanent Court of Arbitration (PCA) in 2016 in favor of the Philippines. Statement 2 is incorrect: The Paracel Islands are under Chinese control, but Vietnam and Taiwan also claim them; they are not jointly administered. Statement 3 is incorrect: The Second Thomas Shoal is contested, particularly between the Philippines and China.
#### 8. Question
Consider the following statements about the South China Sea Dispute:
• The nine-dash line claimed by China has been validated by international arbitration.
• The Paracel Islands are under joint administration by China, Vietnam, and Taiwan.
• The Second Thomas Shoal is exclusively controlled by the Philippines without contestation.
Which of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: d)
Statement 1 is incorrect: The nine-dash line claimed by China was rejected by the Permanent Court of Arbitration (PCA) in 2016 in favor of the Philippines.
Statement 2 is incorrect: The Paracel Islands are under Chinese control, but Vietnam and Taiwan also claim them; they are not jointly administered.
Statement 3 is incorrect: The Second Thomas Shoal is contested, particularly between the Philippines and China.
Solution: d)
Statement 1 is incorrect: The nine-dash line claimed by China was rejected by the Permanent Court of Arbitration (PCA) in 2016 in favor of the Philippines.
Statement 2 is incorrect: The Paracel Islands are under Chinese control, but Vietnam and Taiwan also claim them; they are not jointly administered.
Statement 3 is incorrect: The Second Thomas Shoal is contested, particularly between the Philippines and China.
• Question 9 of 10 9. Question 1 points Consider the following statements about the Jawaharlal Nehru Memorial Fund (JNMF): Dr. S. Radhakrishnan served as its chairperson. The JNMF Archive includes many volumes of Nehru’s selected works and letters to Chief Ministers. It is governed by trustees under the leadership of the Prime Minister of India. Which of the above statements is/are incorrect? a) Only one b) Only two c) All three d) None Correct Solution: a) Statements 1 and 2 are correct. The JNMF was founded in 1964, with Dr. S. Radhakrishnan as its chairperson, and the archive contains extensive collections of Nehru’s works and letters. Statement 3 is incorrect because the JNMF is currently headed by the Chairperson of the Congress Parliamentary Party, not the Prime Minister of India. About Jawaharlal Nehru Memorial Fund: Establishment: Founded in 1964 under a Deed of Declaration of Trust, following the convening of a National Committee chaired by Dr. S. Radhakrishnan, then President of India. Purpose: Preserve and promote the legacy of Jawaharlal Nehru, focusing on his role in the making of modern India. Governance: Governed by 14 trustees, currently headed by Chairperson of the Congress Parliamentary Party. Archive features: Contains 100 volumes of Nehru’s selected works, letters to Chief Ministers (1947-1964), books authored by Nehru, and global archival materials. Includes his iconic works like The Discovery of India, Letters from a Father to His Daughter, and Glimpses of World History. Significance: Aims to be the primary source for Nehru-related research, continually updated with new archival material. Incorrect Solution: a) Statements 1 and 2 are correct. The JNMF was founded in 1964, with Dr. S. Radhakrishnan as its chairperson, and the archive contains extensive collections of Nehru’s works and letters. Statement 3 is incorrect because the JNMF is currently headed by the Chairperson of the Congress Parliamentary Party, not the Prime Minister of India. About Jawaharlal Nehru Memorial Fund: Establishment: Founded in 1964 under a Deed of Declaration of Trust, following the convening of a National Committee chaired by Dr. S. Radhakrishnan, then President of India. Purpose: Preserve and promote the legacy of Jawaharlal Nehru, focusing on his role in the making of modern India. Governance: Governed by 14 trustees, currently headed by Chairperson of the Congress Parliamentary Party. Archive features: Contains 100 volumes of Nehru’s selected works, letters to Chief Ministers (1947-1964), books authored by Nehru, and global archival materials. Includes his iconic works like The Discovery of India, Letters from a Father to His Daughter, and Glimpses of World History. Significance: Aims to be the primary source for Nehru-related research, continually updated with new archival material.
#### 9. Question
Consider the following statements about the Jawaharlal Nehru Memorial Fund (JNMF):
• Dr. S. Radhakrishnan served as its chairperson.
• The JNMF Archive includes many volumes of Nehru’s selected works and letters to Chief Ministers.
• It is governed by trustees under the leadership of the Prime Minister of India.
Which of the above statements is/are incorrect?
• a) Only one
• b) Only two
• c) All three
Solution: a)
Statements 1 and 2 are correct. The JNMF was founded in 1964, with Dr. S. Radhakrishnan as its chairperson, and the archive contains extensive collections of Nehru’s works and letters. Statement 3 is incorrect because the JNMF is currently headed by the Chairperson of the Congress Parliamentary Party, not the Prime Minister of India.
About Jawaharlal Nehru Memorial Fund:
• Establishment: Founded in 1964 under a Deed of Declaration of Trust, following the convening of a National Committee chaired by Dr. S. Radhakrishnan, then President of India.
• Founded in 1964 under a Deed of Declaration of Trust, following the convening of a National Committee chaired by Dr. S. Radhakrishnan, then President of India.
• Purpose: Preserve and promote the legacy of Jawaharlal Nehru, focusing on his role in the making of modern India.
• Preserve and promote the legacy of Jawaharlal Nehru, focusing on his role in the making of modern India.
• Governance: Governed by 14 trustees, currently headed by Chairperson of the Congress Parliamentary Party.
• Governed by 14 trustees, currently headed by Chairperson of the Congress Parliamentary Party.
• Archive features: Contains 100 volumes of Nehru’s selected works, letters to Chief Ministers (1947-1964), books authored by Nehru, and global archival materials. Includes his iconic works like The Discovery of India, Letters from a Father to His Daughter, and Glimpses of World History.
• Contains 100 volumes of Nehru’s selected works, letters to Chief Ministers (1947-1964), books authored by Nehru, and global archival materials.
• Includes his iconic works like The Discovery of India, Letters from a Father to His Daughter, and Glimpses of World History.
• Significance: Aims to be the primary source for Nehru-related research, continually updated with new archival material.
• Aims to be the primary source for Nehru-related research, continually updated with new archival material.
Solution: a)
Statements 1 and 2 are correct. The JNMF was founded in 1964, with Dr. S. Radhakrishnan as its chairperson, and the archive contains extensive collections of Nehru’s works and letters. Statement 3 is incorrect because the JNMF is currently headed by the Chairperson of the Congress Parliamentary Party, not the Prime Minister of India.
About Jawaharlal Nehru Memorial Fund:
• Establishment: Founded in 1964 under a Deed of Declaration of Trust, following the convening of a National Committee chaired by Dr. S. Radhakrishnan, then President of India.
• Founded in 1964 under a Deed of Declaration of Trust, following the convening of a National Committee chaired by Dr. S. Radhakrishnan, then President of India.
• Purpose: Preserve and promote the legacy of Jawaharlal Nehru, focusing on his role in the making of modern India.
• Preserve and promote the legacy of Jawaharlal Nehru, focusing on his role in the making of modern India.
• Governance: Governed by 14 trustees, currently headed by Chairperson of the Congress Parliamentary Party.
• Governed by 14 trustees, currently headed by Chairperson of the Congress Parliamentary Party.
• Archive features: Contains 100 volumes of Nehru’s selected works, letters to Chief Ministers (1947-1964), books authored by Nehru, and global archival materials. Includes his iconic works like The Discovery of India, Letters from a Father to His Daughter, and Glimpses of World History.
• Contains 100 volumes of Nehru’s selected works, letters to Chief Ministers (1947-1964), books authored by Nehru, and global archival materials.
• Includes his iconic works like The Discovery of India, Letters from a Father to His Daughter, and Glimpses of World History.
• Significance: Aims to be the primary source for Nehru-related research, continually updated with new archival material.
• Aims to be the primary source for Nehru-related research, continually updated with new archival material.
• Question 10 of 10 10. Question 1 points Consider the following statements about Global Systemically Important Banks (G-SIBs): G-SIBs are identified solely by the Basel Committee on Banking Supervision. G-SIBs are subject to higher capital and regulatory requirements than non-G-SIBs. The framework for identifying G-SIBs applies to domestic banks as well. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: a) Global Systemically Important Banks (G-SIBs) are identified by the Financial Stability Board (FSB) in consultation with the Basel Committee on Banking Supervision (BCBS), not solely by the BCBS, making Statement 1 incorrect. These banks are considered “Too Big to Fail” and are subject to higher capital and regulatory requirements, including additional Common Equity Tier 1 (CET1) capital buffers, to mitigate risks they pose to the global financial system, making Statement 2 correct. However, Statement 3 is incorrect because the G-SIB framework is applied to banks operating globally and is not specific to domestic banks. Domestic banks in India are assessed under a different framework, the D-SIB (Domestic Systemically Important Bank) framework, managed by the Reserve Bank of India (RBI). G-SIBs like JP Morgan Chase, HSBC, and BNP Paribas are assessed based on size, interconnectedness, substitutability, and complexity. Incorrect Solution: a) Global Systemically Important Banks (G-SIBs) are identified by the Financial Stability Board (FSB) in consultation with the Basel Committee on Banking Supervision (BCBS), not solely by the BCBS, making Statement 1 incorrect. These banks are considered “Too Big to Fail” and are subject to higher capital and regulatory requirements, including additional Common Equity Tier 1 (CET1) capital buffers, to mitigate risks they pose to the global financial system, making Statement 2 correct. However, Statement 3 is incorrect because the G-SIB framework is applied to banks operating globally and is not specific to domestic banks. Domestic banks in India are assessed under a different framework, the D-SIB (Domestic Systemically Important Bank) framework, managed by the Reserve Bank of India (RBI). G-SIBs like JP Morgan Chase, HSBC, and BNP Paribas are assessed based on size, interconnectedness, substitutability, and complexity.
#### 10. Question
Consider the following statements about Global Systemically Important Banks (G-SIBs):
• G-SIBs are identified solely by the Basel Committee on Banking Supervision.
• G-SIBs are subject to higher capital and regulatory requirements than non-G-SIBs.
• The framework for identifying G-SIBs applies to domestic banks as well.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: a)
Global Systemically Important Banks (G-SIBs) are identified by the Financial Stability Board (FSB) in consultation with the Basel Committee on Banking Supervision (BCBS), not solely by the BCBS, making Statement 1 incorrect.
These banks are considered “Too Big to Fail” and are subject to higher capital and regulatory requirements, including additional Common Equity Tier 1 (CET1) capital buffers, to mitigate risks they pose to the global financial system, making Statement 2 correct.
However, Statement 3 is incorrect because the G-SIB framework is applied to banks operating globally and is not specific to domestic banks. Domestic banks in India are assessed under a different framework, the D-SIB (Domestic Systemically Important Bank) framework, managed by the Reserve Bank of India (RBI).
G-SIBs like JP Morgan Chase, HSBC, and BNP Paribas are assessed based on size, interconnectedness, substitutability, and complexity.
Solution: a)
Global Systemically Important Banks (G-SIBs) are identified by the Financial Stability Board (FSB) in consultation with the Basel Committee on Banking Supervision (BCBS), not solely by the BCBS, making Statement 1 incorrect.
These banks are considered “Too Big to Fail” and are subject to higher capital and regulatory requirements, including additional Common Equity Tier 1 (CET1) capital buffers, to mitigate risks they pose to the global financial system, making Statement 2 correct.
However, Statement 3 is incorrect because the G-SIB framework is applied to banks operating globally and is not specific to domestic banks. Domestic banks in India are assessed under a different framework, the D-SIB (Domestic Systemically Important Bank) framework, managed by the Reserve Bank of India (RBI).
G-SIBs like JP Morgan Chase, HSBC, and BNP Paribas are assessed based on size, interconnectedness, substitutability, and complexity.
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