UPSC Current Affairs Quiz : 19 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. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation. How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four Correct Ans: (d) Explanation: Article 110 defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India, among others, whereas Article 109 delineates the procedure for the passage of such a Bill and confers an overriding authority on the Lok Sabha in the passage of Money Bills. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s (Upper House) recommendations, the former does not make their inclusion mandatory. The Lok Sabha has the right to reject the Rajya Sabha’s recommendations when it comes to Money Bills. What differentiates a Money Bill from any ordinary Bill or Financial Bill is that while an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha, as laid down in Article 117 (1). Additionally, no one can introduce or move Money Bills in the Lok Sabha, except on the President’s recommendation. Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation. The two prerequisites for any financial Bill to become a Money Bill are that first, it must only be introduced in the Lok Sabha and not the Rajya Sabha. Secondly, these bills can only be introduced on the President’s recommendation. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/ Incorrect Ans: (d) Explanation: Article 110 defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India, among others, whereas Article 109 delineates the procedure for the passage of such a Bill and confers an overriding authority on the Lok Sabha in the passage of Money Bills. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s (Upper House) recommendations, the former does not make their inclusion mandatory. The Lok Sabha has the right to reject the Rajya Sabha’s recommendations when it comes to Money Bills. What differentiates a Money Bill from any ordinary Bill or Financial Bill is that while an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha, as laid down in Article 117 (1). Additionally, no one can introduce or move Money Bills in the Lok Sabha, except on the President’s recommendation. Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation. The two prerequisites for any financial Bill to become a Money Bill are that first, it must only be introduced in the Lok Sabha and not the Rajya Sabha. Secondly, these bills can only be introduced on the President’s recommendation. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
#### 1. Question
Consider the following statements.
• Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.
• Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India.
• A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory.
• While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha
• Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.
How many of the above statements are correct?
• (a) Only one
• (b) Only two
• (c) Only three
• (d) All four
Explanation:
• Article 110 defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India, among others, whereas Article 109 delineates the procedure for the passage of such a Bill and confers an overriding authority on the Lok Sabha in the passage of Money Bills.
• A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s (Upper House) recommendations, the former does not make their inclusion mandatory. The Lok Sabha has the right to reject the Rajya Sabha’s recommendations when it comes to Money Bills.
• What differentiates a Money Bill from any ordinary Bill or Financial Bill is that while an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha, as laid down in Article 117 (1). Additionally, no one can introduce or move Money Bills in the Lok Sabha, except on the President’s recommendation. Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.
• The two prerequisites for any financial Bill to become a Money Bill are that first, it must only be introduced in the Lok Sabha and not the Rajya Sabha. Secondly, these bills can only be introduced on the President’s recommendation.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
Explanation:
• Article 110 defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India, among others, whereas Article 109 delineates the procedure for the passage of such a Bill and confers an overriding authority on the Lok Sabha in the passage of Money Bills.
• A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s (Upper House) recommendations, the former does not make their inclusion mandatory. The Lok Sabha has the right to reject the Rajya Sabha’s recommendations when it comes to Money Bills.
• What differentiates a Money Bill from any ordinary Bill or Financial Bill is that while an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha, as laid down in Article 117 (1). Additionally, no one can introduce or move Money Bills in the Lok Sabha, except on the President’s recommendation. Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.
• The two prerequisites for any financial Bill to become a Money Bill are that first, it must only be introduced in the Lok Sabha and not the Rajya Sabha. Secondly, these bills can only be introduced on the President’s recommendation.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
• Question 2 of 10 2. Question 1 points Regarding Money Bill, which of the following statements is not correct? (a) A bill shall be deemed to be money bill if it contains only provisions related to imposition, abolition, remission, alteration or regulation of any tax. (b) A Money Bill has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India. (c) A Money Bill is concerned with appropriation of money out of the Contingency Fund of India. (d) A Money Bill deals with the regulation of borrowing of money or giving of any guarantee by the government of India Correct Ans: (c) Explanation: Definition of Money Bill (1) For the purposes of this Chapter, a Bill shall be deemed to be a Money Bill if it contains only provisions dealing with all or any of the following matters, namely (a) the imposition, abolition, remission, alteration or regulation of any tax; (b) the regulation of the borrowing of money or the giving of any guarantee by the Government of India, or the amendment of the law with respect to any financial obligations undertaken or to be undertaken by the Government of India; (c) the custody of the consolidated Fund or the Contingency Fund of India, the payment of moneys into or the withdrawal of moneys from any such Fund; (d) the appropriation of moneys out of the consolidated Fund of India (not Contingency Fund of India). So, C is incorrect. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/ Incorrect Ans: (c) Explanation: Definition of Money Bill (1) For the purposes of this Chapter, a Bill shall be deemed to be a Money Bill if it contains only provisions dealing with all or any of the following matters, namely (a) the imposition, abolition, remission, alteration or regulation of any tax; (b) the regulation of the borrowing of money or the giving of any guarantee by the Government of India, or the amendment of the law with respect to any financial obligations undertaken or to be undertaken by the Government of India; (c) the custody of the consolidated Fund or the Contingency Fund of India, the payment of moneys into or the withdrawal of moneys from any such Fund; (d) the appropriation of moneys out of the consolidated Fund of India (not Contingency Fund of India). So, C is incorrect. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
#### 2. Question
Regarding Money Bill, which of the following statements is not correct?
• (a) A bill shall be deemed to be money bill if it contains only provisions related to imposition, abolition, remission, alteration or regulation of any tax.
• (b) A Money Bill has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India.
• (c) A Money Bill is concerned with appropriation of money out of the Contingency Fund of India.
• (d) A Money Bill deals with the regulation of borrowing of money or giving of any guarantee by the government of India
Explanation:
• Definition of Money Bill
• (1) For the purposes of this Chapter, a Bill shall be deemed to be a Money Bill if it contains only provisions dealing with all or any of the following matters, namely
• (a) the imposition, abolition, remission, alteration or regulation of any tax;
• (b) the regulation of the borrowing of money or the giving of any guarantee by the Government of India, or the amendment of the law with respect to any financial obligations undertaken or to be undertaken by the Government of India;
• (c) the custody of the consolidated Fund or the Contingency Fund of India, the payment of moneys into or the withdrawal of moneys from any such Fund;
• (d) the appropriation of moneys out of the consolidated Fund of India (not Contingency Fund of India). So, C is incorrect.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
Explanation:
• Definition of Money Bill
• (1) For the purposes of this Chapter, a Bill shall be deemed to be a Money Bill if it contains only provisions dealing with all or any of the following matters, namely
• (a) the imposition, abolition, remission, alteration or regulation of any tax;
• (b) the regulation of the borrowing of money or the giving of any guarantee by the Government of India, or the amendment of the law with respect to any financial obligations undertaken or to be undertaken by the Government of India;
• (c) the custody of the consolidated Fund or the Contingency Fund of India, the payment of moneys into or the withdrawal of moneys from any such Fund;
• (d) the appropriation of moneys out of the consolidated Fund of India (not Contingency Fund of India). So, C is incorrect.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
• Question 3 of 10 3. Question 1 points Consider the following statements: Quantum entanglement allows qubits that are entangled to share information instantly, regardless of the distance between them. Quantum computers are already faster than classical computers for all types of computations. Quantum superposition allows a qubit to exist in multiple states at once, which enables quantum computers to process a vast number of possibilities simultaneously. How many of the above statements are correct? (a) Only one (b) Only two (c) All three (d) None Correct Ans: (b) Explanation: Context: A new report, surveying the existing capabilities of India in the field of Quantum technology, has found that countries like China and the United States have a huge head start over India. S1 is correct: Quantum entanglement allows qubits that are entangled to share information instantly, regardless of the distance between them. This is a key principle of quantum mechanics. S2 is incorrect: Quantum computers are not yet faster than classical computers for all types of computations. They excel in certain types of problems, such as factoring large numbers or simulating quantum systems, but are not universally faster. S3 is correct: Quantum superposition allows a qubit to exist in multiple states at once, enabling quantum computers to process many possibilities simultaneously, which is a fundamental advantage over classical computers. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/ Incorrect Ans: (b) Explanation: Context: A new report, surveying the existing capabilities of India in the field of Quantum technology, has found that countries like China and the United States have a huge head start over India. S1 is correct: Quantum entanglement allows qubits that are entangled to share information instantly, regardless of the distance between them. This is a key principle of quantum mechanics. S2 is incorrect: Quantum computers are not yet faster than classical computers for all types of computations. They excel in certain types of problems, such as factoring large numbers or simulating quantum systems, but are not universally faster. S3 is correct: Quantum superposition allows a qubit to exist in multiple states at once, enabling quantum computers to process many possibilities simultaneously, which is a fundamental advantage over classical computers. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
#### 3. Question
Consider the following statements:
• Quantum entanglement allows qubits that are entangled to share information instantly, regardless of the distance between them. Quantum computers are already faster than classical computers for all types of computations. Quantum superposition allows a qubit to exist in multiple states at once, which enables quantum computers to process a vast number of possibilities simultaneously.
• Quantum entanglement allows qubits that are entangled to share information instantly, regardless of the distance between them.
• Quantum computers are already faster than classical computers for all types of computations.
• Quantum superposition allows a qubit to exist in multiple states at once, which enables quantum computers to process a vast number of possibilities simultaneously.
How many of the above statements are correct?
• (a) Only one
• (b) Only two
• (c) All three
Explanation:
• Context: A new report, surveying the existing capabilities of India in the field of Quantum technology, has found that countries like China and the United States have a huge head start over India.
• S1 is correct: Quantum entanglement allows qubits that are entangled to share information instantly, regardless of the distance between them. This is a key principle of quantum mechanics.
• S2 is incorrect: Quantum computers are not yet faster than classical computers for all types of computations. They excel in certain types of problems, such as factoring large numbers or simulating quantum systems, but are not universally faster.
• S3 is correct: Quantum superposition allows a qubit to exist in multiple states at once, enabling quantum computers to process many possibilities simultaneously, which is a fundamental advantage over classical computers.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
Explanation:
• Context: A new report, surveying the existing capabilities of India in the field of Quantum technology, has found that countries like China and the United States have a huge head start over India.
• S1 is correct: Quantum entanglement allows qubits that are entangled to share information instantly, regardless of the distance between them. This is a key principle of quantum mechanics.
• S2 is incorrect: Quantum computers are not yet faster than classical computers for all types of computations. They excel in certain types of problems, such as factoring large numbers or simulating quantum systems, but are not universally faster.
• S3 is correct: Quantum superposition allows a qubit to exist in multiple states at once, enabling quantum computers to process many possibilities simultaneously, which is a fundamental advantage over classical computers.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
• Question 4 of 10 4. Question 1 points Consider the following statements: A quantum system can exist in multiple states simultaneously. The principle of superposition only applies to particles at rest. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Correct Ans: (a) Explanation: S1 is correct: The principle of superposition states that a quantum system can exist in multiple states simultaneously. This is a fundamental concept in quantum mechanics. S2 is incorrect: The principle of superposition applies to all quantum systems, not just particles at rest. It is a general property of quantum systems. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/ Incorrect Ans: (a) Explanation: S1 is correct: The principle of superposition states that a quantum system can exist in multiple states simultaneously. This is a fundamental concept in quantum mechanics. S2 is incorrect: The principle of superposition applies to all quantum systems, not just particles at rest. It is a general property of quantum systems. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
#### 4. Question
Consider the following statements:
• A quantum system can exist in multiple states simultaneously. The principle of superposition only applies to particles at rest.
• A quantum system can exist in multiple states simultaneously.
• The principle of superposition only applies to particles at rest.
Which of the statements given above is/are correct?
• (a) 1 only
• (b) 2 only
• (c) Both 1 and 2
• (d) Neither 1 nor 2
Explanation:
• S1 is correct: The principle of superposition states that a quantum system can exist in multiple states simultaneously. This is a fundamental concept in quantum mechanics.
• S2 is incorrect: The principle of superposition applies to all quantum systems, not just particles at rest. It is a general property of quantum systems.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
Explanation:
• S1 is correct: The principle of superposition states that a quantum system can exist in multiple states simultaneously. This is a fundamental concept in quantum mechanics.
• S2 is incorrect: The principle of superposition applies to all quantum systems, not just particles at rest. It is a general property of quantum systems.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
• Question 5 of 10 5. Question 1 points Consider the following statements about ASMITA project: It was initiated by the Ministry of Women and Child Development. It includes a component of financial literacy to help women manage their finances better. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Correct Ans: (d) Explanation: Context: The Ministry of Education and the University Grants Commission (UGC) launched the ASMITA project to develop 22,000 books in Indian languages over the next five years. This initiative, in collaboration with the Bharatiya Bhasha Samiti, aims to promote Indian languages in education. The project includes three key components: ASMITA, Bahubhasha Shabdkosh, and Real-time Translation Architecture. These initiatives are expected to enhance learning in Indian languages, empower students, and preserve linguistic traditions, aligning with the National Education Policy (NEP). Thirteen nodal universities will lead the project, with a standard operating procedure (SOP) guiding the book-writing process. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/ Incorrect Ans: (d) Explanation: Context: The Ministry of Education and the University Grants Commission (UGC) launched the ASMITA project to develop 22,000 books in Indian languages over the next five years. This initiative, in collaboration with the Bharatiya Bhasha Samiti, aims to promote Indian languages in education. The project includes three key components: ASMITA, Bahubhasha Shabdkosh, and Real-time Translation Architecture. These initiatives are expected to enhance learning in Indian languages, empower students, and preserve linguistic traditions, aligning with the National Education Policy (NEP). Thirteen nodal universities will lead the project, with a standard operating procedure (SOP) guiding the book-writing process. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
#### 5. Question
Consider the following statements about ASMITA project:
• It was initiated by the Ministry of Women and Child Development. It includes a component of financial literacy to help women manage their finances better.
• It was initiated by the Ministry of Women and Child Development.
• It includes a component of financial literacy to help women manage their finances better.
Which of the statements given above is/are correct?
• (a) 1 only
• (b) 2 only
• (c) Both 1 and 2
• (d) Neither 1 nor 2
Explanation:
• Context: The Ministry of Education and the University Grants Commission (UGC) launched the ASMITA project to develop 22,000 books in Indian languages over the next five years.
• This initiative, in collaboration with the Bharatiya Bhasha Samiti, aims to promote Indian languages in education.
• The project includes three key components: ASMITA, Bahubhasha Shabdkosh, and Real-time Translation Architecture.
• These initiatives are expected to enhance learning in Indian languages, empower students, and preserve linguistic traditions, aligning with the National Education Policy (NEP).
• Thirteen nodal universities will lead the project, with a standard operating procedure (SOP) guiding the book-writing process.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
Explanation:
• Context: The Ministry of Education and the University Grants Commission (UGC) launched the ASMITA project to develop 22,000 books in Indian languages over the next five years.
• This initiative, in collaboration with the Bharatiya Bhasha Samiti, aims to promote Indian languages in education.
• The project includes three key components: ASMITA, Bahubhasha Shabdkosh, and Real-time Translation Architecture.
• These initiatives are expected to enhance learning in Indian languages, empower students, and preserve linguistic traditions, aligning with the National Education Policy (NEP).
• Thirteen nodal universities will lead the project, with a standard operating procedure (SOP) guiding the book-writing process.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
• Question 6 of 10 6. Question 1 points Which of the following best describes an Exchange-Traded Fund (ETF)? (a) A mutual fund that is actively managed and can only be bought or sold at the end of the trading day. (b) A security that tracks an index, commodity, bonds, or a basket of assets like an index fund, but trades like a stock on an exchange. (c) A type of bond that pays interest semi-annually and is issued by a corporation or government. (d) A certificate representing a loan to a corporation with a fixed interest rate. Correct Ans: (b) Explanation: Context: Sebi’s new asset class proposal for high-risk investors is expected to provide access to advanced strategies like long-short equity funds and inverse Exchange-Traded Fund (ETF). An ETF is a type of investment fund and exchange-traded product, meaning it is traded on stock exchanges. ETFs typically track an index, commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, ETFs trade like a common stock on an exchange, meaning they can be bought and sold throughout the trading day at market prices. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/ Incorrect Ans: (b) Explanation: Context: Sebi’s new asset class proposal for high-risk investors is expected to provide access to advanced strategies like long-short equity funds and inverse Exchange-Traded Fund (ETF). An ETF is a type of investment fund and exchange-traded product, meaning it is traded on stock exchanges. ETFs typically track an index, commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, ETFs trade like a common stock on an exchange, meaning they can be bought and sold throughout the trading day at market prices. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
#### 6. Question
Which of the following best describes an Exchange-Traded Fund (ETF)?
• (a) A mutual fund that is actively managed and can only be bought or sold at the end of the trading day.
• (b) A security that tracks an index, commodity, bonds, or a basket of assets like an index fund, but trades like a stock on an exchange.
• (c) A type of bond that pays interest semi-annually and is issued by a corporation or government.
• (d) A certificate representing a loan to a corporation with a fixed interest rate.
Explanation:
• Context: Sebi’s new asset class proposal for high-risk investors is expected to provide access to advanced strategies like long-short equity funds and inverse Exchange-Traded Fund (ETF).
• An ETF is a type of investment fund and exchange-traded product, meaning it is traded on stock exchanges. ETFs typically track an index, commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, ETFs trade like a common stock on an exchange, meaning they can be bought and sold throughout the trading day at market prices.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
Explanation:
• Context: Sebi’s new asset class proposal for high-risk investors is expected to provide access to advanced strategies like long-short equity funds and inverse Exchange-Traded Fund (ETF).
• An ETF is a type of investment fund and exchange-traded product, meaning it is traded on stock exchanges. ETFs typically track an index, commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, ETFs trade like a common stock on an exchange, meaning they can be bought and sold throughout the trading day at market prices.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
• Question 7 of 10 7. Question 1 points What is one key advantage of Exchange-Traded Fund (ETF) over mutual funds? (a) ETFs have higher management fees. (b) ETFs can be traded throughout the day at market prices. (c) ETFs require a higher minimum investment. (d) ETFs are only available to institutional investors. Correct Ans: (b) Explanation: Context: Sebi’s new asset class proposal for high-risk investors is expected to provide access to advanced strategies like long-short equity funds and inverse ETFs One of the key advantages of ETFs is that they can be traded throughout the trading day at market prices, much like individual stocks. This is in contrast to mutual funds, which are priced once at the end of the trading day. This feature provides ETF investors with greater flexibility in managing their investments. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/ Incorrect Ans: (b) Explanation: Context: Sebi’s new asset class proposal for high-risk investors is expected to provide access to advanced strategies like long-short equity funds and inverse ETFs One of the key advantages of ETFs is that they can be traded throughout the trading day at market prices, much like individual stocks. This is in contrast to mutual funds, which are priced once at the end of the trading day. This feature provides ETF investors with greater flexibility in managing their investments. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
#### 7. Question
What is one key advantage of Exchange-Traded Fund (ETF) over mutual funds?
• (a) ETFs have higher management fees.
• (b) ETFs can be traded throughout the day at market prices.
• (c) ETFs require a higher minimum investment.
• (d) ETFs are only available to institutional investors.
Explanation:
• Context: Sebi’s new asset class proposal for high-risk investors is expected to provide access to advanced strategies like long-short equity funds and inverse ETFs
• One of the key advantages of ETFs is that they can be traded throughout the trading day at market prices, much like individual stocks. This is in contrast to mutual funds, which are priced once at the end of the trading day. This feature provides ETF investors with greater flexibility in managing their investments.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
Explanation:
• Context: Sebi’s new asset class proposal for high-risk investors is expected to provide access to advanced strategies like long-short equity funds and inverse ETFs
• One of the key advantages of ETFs is that they can be traded throughout the trading day at market prices, much like individual stocks. This is in contrast to mutual funds, which are priced once at the end of the trading day. This feature provides ETF investors with greater flexibility in managing their investments.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
• Question 8 of 10 8. Question 1 points Consider the following statements about Coalition of Epidemic Preparedness Innovations (CEPI): It was launched at the World Economic Forum in Davos in 2017. It is headquartered in Oslo, Norway. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Correct Ans: (c) Explanation: Context: Asia’s first “Pre-clinical Network Facility” under the Coalition of Epidemic Preparedness Innovations (CEPI) at the Translational Health Science & Technology Institute (THSTI) was inaugurated recently. This facility, capable of handling BSL3 pathogens, becomes the 9th such lab globally and the first in Asia, enhancing research capabilities for infectious diseases. The Genetically Defined Human Associated Microbial Culture Collection (Ge-HuMic) Facility was also inaugurated which will serve as a repository for microbial cultures and genetically characterized animals, fostering collaborations among academic institutions, hospitals, and industry for R&D. CEPI was conceived in 2015 and formally launched in 2017 at the World Economic Forum (WEF) in Davos, Switzerland. CEPI is headquartered in Oslo, Norway. Refer: https://www.insig htsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/ Incorrect Ans: (c) Explanation: Context: Asia’s first “Pre-clinical Network Facility” under the Coalition of Epidemic Preparedness Innovations (CEPI) at the Translational Health Science & Technology Institute (THSTI) was inaugurated recently. This facility, capable of handling BSL3 pathogens, becomes the 9th such lab globally and the first in Asia, enhancing research capabilities for infectious diseases. The Genetically Defined Human Associated Microbial Culture Collection (Ge-HuMic) Facility was also inaugurated which will serve as a repository for microbial cultures and genetically characterized animals, fostering collaborations among academic institutions, hospitals, and industry for R&D. CEPI was conceived in 2015 and formally launched in 2017 at the World Economic Forum (WEF) in Davos, Switzerland. CEPI is headquartered in Oslo, Norway. Refer: https://www.insig htsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
#### 8. Question
Consider the following statements about Coalition of Epidemic Preparedness Innovations (CEPI):
• It was launched at the World Economic Forum in Davos in 2017. It is headquartered in Oslo, Norway.
• It was launched at the World Economic Forum in Davos in 2017.
• It is headquartered in Oslo, Norway.
Which of the statements given above is/are correct?
• (a) 1 only
• (b) 2 only
• (c) Both 1 and 2
• (d) Neither 1 nor 2
Explanation:
• Context: Asia’s first “Pre-clinical Network Facility” under the Coalition of Epidemic Preparedness Innovations (CEPI) at the Translational Health Science & Technology Institute (THSTI) was inaugurated recently. This facility, capable of handling BSL3 pathogens, becomes the 9th such lab globally and the first in Asia, enhancing research capabilities for infectious diseases. The Genetically Defined Human Associated Microbial Culture Collection (Ge-HuMic) Facility was also inaugurated which will serve as a repository for microbial cultures and genetically characterized animals, fostering collaborations among academic institutions, hospitals, and industry for R&D.
• This facility, capable of handling BSL3 pathogens, becomes the 9th such lab globally and the first in Asia, enhancing research capabilities for infectious diseases.
• The Genetically Defined Human Associated Microbial Culture Collection (Ge-HuMic) Facility was also inaugurated which will serve as a repository for microbial cultures and genetically characterized animals, fostering collaborations among academic institutions, hospitals, and industry for R&D.
• CEPI was conceived in 2015 and formally launched in 2017 at the World Economic Forum (WEF) in Davos, Switzerland.
• CEPI is headquartered in Oslo, Norway.
Refer: https://www.insig
htsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
Explanation:
• Context: Asia’s first “Pre-clinical Network Facility” under the Coalition of Epidemic Preparedness Innovations (CEPI) at the Translational Health Science & Technology Institute (THSTI) was inaugurated recently. This facility, capable of handling BSL3 pathogens, becomes the 9th such lab globally and the first in Asia, enhancing research capabilities for infectious diseases. The Genetically Defined Human Associated Microbial Culture Collection (Ge-HuMic) Facility was also inaugurated which will serve as a repository for microbial cultures and genetically characterized animals, fostering collaborations among academic institutions, hospitals, and industry for R&D.
• This facility, capable of handling BSL3 pathogens, becomes the 9th such lab globally and the first in Asia, enhancing research capabilities for infectious diseases.
• The Genetically Defined Human Associated Microbial Culture Collection (Ge-HuMic) Facility was also inaugurated which will serve as a repository for microbial cultures and genetically characterized animals, fostering collaborations among academic institutions, hospitals, and industry for R&D.
• CEPI was conceived in 2015 and formally launched in 2017 at the World Economic Forum (WEF) in Davos, Switzerland.
• CEPI is headquartered in Oslo, Norway.
Refer: https://www.insig
htsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
• Question 9 of 10 9. Question 1 points Rwanda is famously known as the: (a) Land of a Thousand Hills (b) Pearl of Africa (c) Land of the Rising Sun (d) Jewel of the Nile Correct Ans: (a) Explanation: Context: Rwandan President Paul Kagame has won a fourth term, securing 99.15% of the vote according to partial results from the recent election. About Rwanda: Rwanda is a landlocked country located in East-Central Africa. Rwanda is bordered by Uganda to the north, Tanzania to the east, Burundi to the south, and the Democratic Republic of the Congo to the west. The country is known as the “Land of a Thousand Hills” due to its hilly and mountainous terrain. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/ Incorrect Ans: (a) Explanation: Context: Rwandan President Paul Kagame has won a fourth term, securing 99.15% of the vote according to partial results from the recent election. About Rwanda: Rwanda is a landlocked country located in East-Central Africa. Rwanda is bordered by Uganda to the north, Tanzania to the east, Burundi to the south, and the Democratic Republic of the Congo to the west. The country is known as the “Land of a Thousand Hills” due to its hilly and mountainous terrain. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
#### 9. Question
Rwanda is famously known as the:
• (a) Land of a Thousand Hills
• (b) Pearl of Africa
• (c) Land of the Rising Sun
• (d) Jewel of the Nile
Explanation:
• Context: Rwandan President Paul Kagame has won a fourth term, securing 99.15% of the vote according to partial results from the recent election.
• About Rwanda: Rwanda is a landlocked country located in East-Central Africa. Rwanda is bordered by Uganda to the north, Tanzania to the east, Burundi to the south, and the Democratic Republic of the Congo to the west. The country is known as the “Land of a Thousand Hills” due to its hilly and mountainous terrain.
• Rwanda is a landlocked country located in East-Central Africa.
• Rwanda is bordered by Uganda to the north, Tanzania to the east, Burundi to the south, and the Democratic Republic of the Congo to the west. The country is known as the “Land of a Thousand Hills” due to its hilly and mountainous terrain.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
Explanation:
• Context: Rwandan President Paul Kagame has won a fourth term, securing 99.15% of the vote according to partial results from the recent election.
• About Rwanda: Rwanda is a landlocked country located in East-Central Africa. Rwanda is bordered by Uganda to the north, Tanzania to the east, Burundi to the south, and the Democratic Republic of the Congo to the west. The country is known as the “Land of a Thousand Hills” due to its hilly and mountainous terrain.
• Rwanda is a landlocked country located in East-Central Africa.
• Rwanda is bordered by Uganda to the north, Tanzania to the east, Burundi to the south, and the Democratic Republic of the Congo to the west. The country is known as the “Land of a Thousand Hills” due to its hilly and mountainous terrain.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
• Question 10 of 10 10. Question 1 points Rwanda shares a border with which of the following countries? Uganda Tanzania Burundi Democratic Republic of the Congo Select the correct answer using the code below: (a) 1, 2 and 3 only (b) 2, 3 and 4 only (c) 1, 4 and 4 only (d) 1, 2, 3 and 4 Correct Ans: (d) Explanation: Context: Rwandan President Paul Kagame has won a fourth term, securing 99.15% of the vote according to partial results from the recent election. About Rwanda: Rwanda is a landlocked country located in East-Central Africa. Rwanda is bordered by Uganda to the north, Tanzania to the east, Burundi to the south, and the Democratic Republic of the Congo to the west. The country is known as the “Land of a Thousand Hills” due to its hilly and mountainous terrain. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/ Incorrect Ans: (d) Explanation: Context: Rwandan President Paul Kagame has won a fourth term, securing 99.15% of the vote according to partial results from the recent election. About Rwanda: Rwanda is a landlocked country located in East-Central Africa. Rwanda is bordered by Uganda to the north, Tanzania to the east, Burundi to the south, and the Democratic Republic of the Congo to the west. The country is known as the “Land of a Thousand Hills” due to its hilly and mountainous terrain. Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
#### 10. Question
Rwanda shares a border with which of the following countries?
• Uganda Tanzania Burundi Democratic Republic of the Congo
• Democratic Republic of the Congo
Select the correct answer using the code below:
• (a) 1, 2 and 3 only
• (b) 2, 3 and 4 only
• (c) 1, 4 and 4 only
• (d) 1, 2, 3 and 4
Explanation:
• Context: Rwandan President Paul Kagame has won a fourth term, securing 99.15% of the vote according to partial results from the recent election.
• About Rwanda: Rwanda is a landlocked country located in East-Central Africa. Rwanda is bordered by Uganda to the north, Tanzania to the east, Burundi to the south, and the Democratic Republic of the Congo to the west. The country is known as the “Land of a Thousand Hills” due to its hilly and mountainous terrain.
• Rwanda is a landlocked country located in East-Central Africa.
• Rwanda is bordered by Uganda to the north, Tanzania to the east, Burundi to the south, and the Democratic Republic of the Congo to the west. The country is known as the “Land of a Thousand Hills” due to its hilly and mountainous terrain.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
Explanation:
• Context: Rwandan President Paul Kagame has won a fourth term, securing 99.15% of the vote according to partial results from the recent election.
• About Rwanda: Rwanda is a landlocked country located in East-Central Africa. Rwanda is bordered by Uganda to the north, Tanzania to the east, Burundi to the south, and the Democratic Republic of the Congo to the west. The country is known as the “Land of a Thousand Hills” due to its hilly and mountainous terrain.
• Rwanda is a landlocked country located in East-Central Africa.
• Rwanda is bordered by Uganda to the north, Tanzania to the east, Burundi to the south, and the Democratic Republic of the Congo to the west. The country is known as the “Land of a Thousand Hills” due to its hilly and mountainous terrain.
Refer: https://www.insightsonindia.com/2024/07/18/upsc-current-affairs-18-july-2024/
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