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UPSC Current Affairs Quiz : 4 June 2024

Kartavya Desk Staff

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The Current Affairs Quiz 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: Cryonics is the practice of preserving individuals at very low temperatures with the hope that future medical technology will be able to revive them. Cryonics guarantees that individuals will be revived in the future. 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: Context: Southern Cryonics, an Australian company, has successfully frozen its first client in hopes of reviving him in the future. The process involves cryonics, where the body is preserved at -196°C, aiming for eventual restoration using advanced medical technologies. The first client, an 80-year-old man from Sydney, underwent the procedure after his death, involving cooling, perfusion with cryoprotective solution, and storage in dry ice before reaching the final temperature of around -200°C in a specialized cooling chamber. S1: Cryonics is indeed the practice of preserving individuals at very low temperatures with the hope that future medical technology will be able to revive them. The idea is to preserve the body (or just the brain) soon after death, at a temperature where physical decay is essentially halted. S2: Cryonics does not guarantee that individuals will be revived in the future. It is based on the hope that future advancements in technology and medicine may make revival possible, but there is no certainty. Refer: https://www.insightsonindia.com/2024/06/03/cryonics-practice-for-freezing-the-human-body/ Incorrect Ans: (a) Explanation: Context: Southern Cryonics, an Australian company, has successfully frozen its first client in hopes of reviving him in the future. The process involves cryonics, where the body is preserved at -196°C, aiming for eventual restoration using advanced medical technologies. The first client, an 80-year-old man from Sydney, underwent the procedure after his death, involving cooling, perfusion with cryoprotective solution, and storage in dry ice before reaching the final temperature of around -200°C in a specialized cooling chamber. S1: Cryonics is indeed the practice of preserving individuals at very low temperatures with the hope that future medical technology will be able to revive them. The idea is to preserve the body (or just the brain) soon after death, at a temperature where physical decay is essentially halted. S2: Cryonics does not guarantee that individuals will be revived in the future. It is based on the hope that future advancements in technology and medicine may make revival possible, but there is no certainty. Refer: https://www.insightsonindia.com/2024/06/03/cryonics-practice-for-freezing-the-human-body/

#### 1. Question

Consider the following statements:

• Cryonics is the practice of preserving individuals at very low temperatures with the hope that future medical technology will be able to revive them. Cryonics guarantees that individuals will be revived in the future.

• Cryonics is the practice of preserving individuals at very low temperatures with the hope that future medical technology will be able to revive them.

• Cryonics guarantees that individuals will be revived in the future.

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: Southern Cryonics, an Australian company, has successfully frozen its first client in hopes of reviving him in the future. The process involves cryonics, where the body is preserved at -196°C, aiming for eventual restoration using advanced medical technologies. The first client, an 80-year-old man from Sydney, underwent the procedure after his death, involving cooling, perfusion with cryoprotective solution, and storage in dry ice before reaching the final temperature of around -200°C in a specialized cooling chamber.

• The first client, an 80-year-old man from Sydney, underwent the procedure after his death, involving cooling, perfusion with cryoprotective solution, and storage in dry ice before reaching the final temperature of around -200°C in a specialized cooling chamber.

• S1: Cryonics is indeed the practice of preserving individuals at very low temperatures with the hope that future medical technology will be able to revive them. The idea is to preserve the body (or just the brain) soon after death, at a temperature where physical decay is essentially halted.

• S2: Cryonics does not guarantee that individuals will be revived in the future. It is based on the hope that future advancements in technology and medicine may make revival possible, but there is no certainty.

Refer: https://www.insightsonindia.com/2024/06/03/cryonics-practice-for-freezing-the-human-body/

Explanation:

• Context: Southern Cryonics, an Australian company, has successfully frozen its first client in hopes of reviving him in the future. The process involves cryonics, where the body is preserved at -196°C, aiming for eventual restoration using advanced medical technologies. The first client, an 80-year-old man from Sydney, underwent the procedure after his death, involving cooling, perfusion with cryoprotective solution, and storage in dry ice before reaching the final temperature of around -200°C in a specialized cooling chamber.

• The first client, an 80-year-old man from Sydney, underwent the procedure after his death, involving cooling, perfusion with cryoprotective solution, and storage in dry ice before reaching the final temperature of around -200°C in a specialized cooling chamber.

• S1: Cryonics is indeed the practice of preserving individuals at very low temperatures with the hope that future medical technology will be able to revive them. The idea is to preserve the body (or just the brain) soon after death, at a temperature where physical decay is essentially halted.

• S2: Cryonics does not guarantee that individuals will be revived in the future. It is based on the hope that future advancements in technology and medicine may make revival possible, but there is no certainty.

Refer: https://www.insightsonindia.com/2024/06/03/cryonics-practice-for-freezing-the-human-body/

• Question 2 of 10 2. Question 1 points Who is awarded the Dag Hammarskjöld Medal? (a) Military personnel from any nation (b) UN peacekeepers (c) Nobel Peace Prize laureates (d) Diplomats from the United Nations Correct Ans: (b) Explanation: Context: Naik Dhananjay Kumar Singh, an Indian peacekeeper who served with the UN Stabilisation Mission in the Democratic Republic of Congo (MONUSCO), will be posthumously honoured with the prestigious Dag Hammarskjold medal. Dag Hammarskjöld Medal: Purpose: The Dag Hammarskjöld Medal is a posthumous award given to members of peacekeeping operations who have lost their lives in service under the UN flag. Inception: The first medal was presented in 1998 to the family of Dag Hammarskjöld. Namesake: Dag Hammarskjöld served as the Secretary-General of the United Nations from 1953 until his death in 1961. Refer: https://www.insightsonindia.com/2024/06/03/dag-hammarskjold-medal/ Incorrect Ans: (b) Explanation: Context: Naik Dhananjay Kumar Singh, an Indian peacekeeper who served with the UN Stabilisation Mission in the Democratic Republic of Congo (MONUSCO), will be posthumously honoured with the prestigious Dag Hammarskjold medal. Dag Hammarskjöld Medal: Purpose: The Dag Hammarskjöld Medal is a posthumous award given to members of peacekeeping operations who have lost their lives in service under the UN flag. Inception: The first medal was presented in 1998 to the family of Dag Hammarskjöld. Namesake: Dag Hammarskjöld served as the Secretary-General of the United Nations from 1953 until his death in 1961. Refer: https://www.insightsonindia.com/2024/06/03/dag-hammarskjold-medal/

#### 2. Question

Who is awarded the Dag Hammarskjöld Medal?

• (a) Military personnel from any nation

• (b) UN peacekeepers

• (c) Nobel Peace Prize laureates

• (d) Diplomats from the United Nations

Explanation:

• Context: Naik Dhananjay Kumar Singh, an Indian peacekeeper who served with the UN Stabilisation Mission in the Democratic Republic of Congo (MONUSCO), will be posthumously honoured with the prestigious Dag Hammarskjold medal.

Dag Hammarskjöld Medal: Purpose: The Dag Hammarskjöld Medal is a posthumous award given to members of peacekeeping operations who have lost their lives in service under the UN flag. Inception: The first medal was presented in 1998 to the family of Dag Hammarskjöld. Namesake: Dag Hammarskjöld served as the Secretary-General of the United Nations from 1953 until his death in 1961.

• Purpose: The Dag Hammarskjöld Medal is a posthumous award given to members of peacekeeping operations who have lost their lives in service under the UN flag.

• Inception: The first medal was presented in 1998 to the family of Dag Hammarskjöld.

• Namesake: Dag Hammarskjöld served as the Secretary-General of the United Nations from 1953 until his death in 1961.

Refer: https://www.insightsonindia.com/2024/06/03/dag-hammarskjold-medal/

Explanation:

• Context: Naik Dhananjay Kumar Singh, an Indian peacekeeper who served with the UN Stabilisation Mission in the Democratic Republic of Congo (MONUSCO), will be posthumously honoured with the prestigious Dag Hammarskjold medal.

Dag Hammarskjöld Medal: Purpose: The Dag Hammarskjöld Medal is a posthumous award given to members of peacekeeping operations who have lost their lives in service under the UN flag. Inception: The first medal was presented in 1998 to the family of Dag Hammarskjöld. Namesake: Dag Hammarskjöld served as the Secretary-General of the United Nations from 1953 until his death in 1961.

• Purpose: The Dag Hammarskjöld Medal is a posthumous award given to members of peacekeeping operations who have lost their lives in service under the UN flag.

• Inception: The first medal was presented in 1998 to the family of Dag Hammarskjöld.

• Namesake: Dag Hammarskjöld served as the Secretary-General of the United Nations from 1953 until his death in 1961.

Refer: https://www.insightsonindia.com/2024/06/03/dag-hammarskjold-medal/

• Question 3 of 10 3. Question 1 points Consider the following pairs: Regions often mentioned in news Reason for being in news North Kivu and Ituei War between Armenia and Azerbaijan Nagorno-Karabakh Insurgency in Mozambique Kherson and Zaporizhzhia Dispute between Israel and Lebanon How many of the above pairs are correctly matched? (a) Only one (b) Only two (c) All three (d) None Correct Ans: (d) Explanation: S1: North Kivu and Ituri are the eastern provinces of Democratic Republic of Congo. The President of Congo, Felix Tshisekedi declared a “State of Siege” due to the increasing violence in the eastern provinces of North Kivu and Ituri. The violence killed more than hundred people and displaced more than 1.5 million. S2: The Nagorno-Karabakh conflict was an ethnic and territorial conflict between Armenia and Azerbaijan over the region of Nagorno-Karabakh, inhabited mostly by ethnic Armenians until 2023, and seven surrounding districts, inhabited mostly by Azerbaijanis until their expulsion during the 1990s. S3: Russia released vote tallies showing overwhelming support in four provinces of Ukraine to join with Russia. The four regions are Donetsk, Luhansk, Zaporizhzhia and Kherson. Refer: https://www.insightsonindia.com/2024/06/03/dag-hammarskjold-medal/ Incorrect Ans: (d) Explanation: S1: North Kivu and Ituri are the eastern provinces of Democratic Republic of Congo. The President of Congo, Felix Tshisekedi declared a “State of Siege” due to the increasing violence in the eastern provinces of North Kivu and Ituri. The violence killed more than hundred people and displaced more than 1.5 million. S2: The Nagorno-Karabakh conflict was an ethnic and territorial conflict between Armenia and Azerbaijan over the region of Nagorno-Karabakh, inhabited mostly by ethnic Armenians until 2023, and seven surrounding districts, inhabited mostly by Azerbaijanis until their expulsion during the 1990s. S3: Russia released vote tallies showing overwhelming support in four provinces of Ukraine to join with Russia. The four regions are Donetsk, Luhansk, Zaporizhzhia and Kherson. Refer: https://www.insightsonindia.com/2024/06/03/dag-hammarskjold-medal/

#### 3. Question

Consider the following pairs:

Regions often mentioned in news Reason for being in news

• North Kivu and Ituei War between Armenia and Azerbaijan Nagorno-Karabakh Insurgency in Mozambique Kherson and Zaporizhzhia Dispute between Israel and Lebanon

• North Kivu and Ituei War between Armenia and Azerbaijan

• Nagorno-Karabakh Insurgency in Mozambique

• Kherson and Zaporizhzhia Dispute between Israel and Lebanon

How many of the above pairs are correctly matched?

• (a) Only one

• (b) Only two

• (c) All three

Explanation:

• S1: North Kivu and Ituri are the eastern provinces of Democratic Republic of Congo. The President of Congo, Felix Tshisekedi declared a “State of Siege” due to the increasing violence in the eastern provinces of North Kivu and Ituri. The violence killed more than hundred people and displaced more than 1.5 million.

• S2: The Nagorno-Karabakh conflict was an ethnic and territorial conflict between Armenia and Azerbaijan over the region of Nagorno-Karabakh, inhabited mostly by ethnic Armenians until 2023, and seven surrounding districts, inhabited mostly by Azerbaijanis until their expulsion during the 1990s.

• S3: Russia released vote tallies showing overwhelming support in four provinces of Ukraine to join with Russia. The four regions are Donetsk, Luhansk, Zaporizhzhia and Kherson.

Refer: https://www.insightsonindia.com/2024/06/03/dag-hammarskjold-medal/

Explanation:

• S1: North Kivu and Ituri are the eastern provinces of Democratic Republic of Congo. The President of Congo, Felix Tshisekedi declared a “State of Siege” due to the increasing violence in the eastern provinces of North Kivu and Ituri. The violence killed more than hundred people and displaced more than 1.5 million.

• S2: The Nagorno-Karabakh conflict was an ethnic and territorial conflict between Armenia and Azerbaijan over the region of Nagorno-Karabakh, inhabited mostly by ethnic Armenians until 2023, and seven surrounding districts, inhabited mostly by Azerbaijanis until their expulsion during the 1990s.

• S3: Russia released vote tallies showing overwhelming support in four provinces of Ukraine to join with Russia. The four regions are Donetsk, Luhansk, Zaporizhzhia and Kherson.

Refer: https://www.insightsonindia.com/2024/06/03/dag-hammarskjold-medal/

• Question 4 of 10 4. Question 1 points Consider the following statements: Stromatolites are layered sedimentary formations created by the growth of microbial mats. Stromatolites are exclusively found in marine environments. 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: Stromatolites are layered rock formations created by microbial communities, representing some of the earliest evidence of life on Earth. These structures are formed as layers of sediment accumulated over time, trapping and binding microorganisms like cyanobacteria. As these microorganisms grow and photosynthesize, they produce layers of carbonate minerals, gradually building up the stromatolite structure. Despite their simple appearance, stromatolites played a crucial role in shaping Earth’s early environment and are considered significant in the study of early life and evolutionary history. Stromatolites Refer: https://www.insightsonindia.com/2024/06/03/stromatolites/ Incorrect Ans: (a) Explanation: Stromatolites are layered rock formations created by microbial communities, representing some of the earliest evidence of life on Earth. These structures are formed as layers of sediment accumulated over time, trapping and binding microorganisms like cyanobacteria. As these microorganisms grow and photosynthesize, they produce layers of carbonate minerals, gradually building up the stromatolite structure. Despite their simple appearance, stromatolites played a crucial role in shaping Earth’s early environment and are considered significant in the study of early life and evolutionary history. Stromatolites Refer: https://www.insightsonindia.com/2024/06/03/stromatolites/

#### 4. Question

Consider the following statements:

• Stromatolites are layered sedimentary formations created by the growth of microbial mats. Stromatolites are exclusively found in marine environments.

• Stromatolites are layered sedimentary formations created by the growth of microbial mats.

• Stromatolites are exclusively found in marine environments.

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:

Stromatolites are layered rock formations created by microbial communities, representing some of the earliest evidence of life on Earth. These structures are formed as layers of sediment accumulated over time, trapping and binding microorganisms like cyanobacteria. As these microorganisms grow and photosynthesize, they produce layers of carbonate minerals, gradually building up the stromatolite structure. Despite their simple appearance, stromatolites played a crucial role in shaping Earth’s early environment and are considered significant in the study of early life and evolutionary history.

• As these microorganisms grow and photosynthesize, they produce layers of carbonate minerals, gradually building up the stromatolite structure. Despite their simple appearance, stromatolites played a crucial role in shaping Earth’s early environment and are considered significant in the study of early life and evolutionary history.

Refer: https://www.insightsonindia.com/2024/06/03/stromatolites/

Explanation:

Stromatolites are layered rock formations created by microbial communities, representing some of the earliest evidence of life on Earth. These structures are formed as layers of sediment accumulated over time, trapping and binding microorganisms like cyanobacteria. As these microorganisms grow and photosynthesize, they produce layers of carbonate minerals, gradually building up the stromatolite structure. Despite their simple appearance, stromatolites played a crucial role in shaping Earth’s early environment and are considered significant in the study of early life and evolutionary history.

• As these microorganisms grow and photosynthesize, they produce layers of carbonate minerals, gradually building up the stromatolite structure. Despite their simple appearance, stromatolites played a crucial role in shaping Earth’s early environment and are considered significant in the study of early life and evolutionary history.

Refer: https://www.insightsonindia.com/2024/06/03/stromatolites/

• Question 5 of 10 5. Question 1 points Sheybarah Island is located in which sea? (a) Mediterranean Sea (b) Red Sea (c) Arabian Sea (d) Caspian Sea Correct Ans: (b) Explanation: Context: Researchers have discovered living stromatolites on Sheybarah Island in the Red Sea, Saudi Arabia. Refer: https://www.insightsonindia.com/2024/06/03/stromatolites/ Incorrect Ans: (b) Explanation: Context: Researchers have discovered living stromatolites on Sheybarah Island in the Red Sea, Saudi Arabia. Refer: https://www.insightsonindia.com/2024/06/03/stromatolites/

#### 5. Question

Sheybarah Island is located in which sea?

• (a) Mediterranean Sea

• (b) Red Sea

• (c) Arabian Sea

• (d) Caspian Sea

Explanation:

• Context: Researchers have discovered living stromatolites on Sheybarah Island in the Red Sea, Saudi Arabia.

Refer: https://www.insightsonindia.com/2024/06/03/stromatolites/

Explanation:

• Context: Researchers have discovered living stromatolites on Sheybarah Island in the Red Sea, Saudi Arabia.

Refer: https://www.insightsonindia.com/2024/06/03/stromatolites/

• Question 6 of 10 6. Question 1 points Consider the following statements about India Meteorological Department: It is an agency of the Ministry of Environment, Forest and Climate Change of India. It is the principal agency responsible for weather forecasting and seismology in India. It is headquartered in Mumbai. It is one of the six Regional Specialised Meteorological Centres of the World Meteorological Organisation. How many of the above statements is/are correct? (a) Only one (b) Only two (c) Only three (d) All four Correct Ans: (c) Explanation: The India Meteorological Department (IMD) is an agency of the Ministry of Earth Sciences of the Government of India. It is the principal agency responsible for meteorological observations, weather forecasting and seismology. IMD is headquartered in Delhi and operates hundreds of observation stations across India and Antarctica. Regional offices are at Chennai, Mumbai, Kolkata, Nagpur, Guwahati and New Delhi. IMD is also one of the six Regional Specialised Meteorological Centres of the World Meteorological Organisation. Refer: https://www.insightsonindia.com/2024/06/03/automatic-weather-station-aws/ Incorrect Ans: (c) Explanation: The India Meteorological Department (IMD) is an agency of the Ministry of Earth Sciences of the Government of India. It is the principal agency responsible for meteorological observations, weather forecasting and seismology. IMD is headquartered in Delhi and operates hundreds of observation stations across India and Antarctica. Regional offices are at Chennai, Mumbai, Kolkata, Nagpur, Guwahati and New Delhi. IMD is also one of the six Regional Specialised Meteorological Centres of the World Meteorological Organisation. Refer: https://www.insightsonindia.com/2024/06/03/automatic-weather-station-aws/

#### 6. Question

Consider the following statements about India Meteorological Department:

• It is an agency of the Ministry of Environment, Forest and Climate Change of India. It is the principal agency responsible for weather forecasting and seismology in India. It is headquartered in Mumbai. It is one of the six Regional Specialised Meteorological Centres of the World Meteorological Organisation.

• It is an agency of the Ministry of Environment, Forest and Climate Change of India.

• It is the principal agency responsible for weather forecasting and seismology in India.

• It is headquartered in Mumbai.

• It is one of the six Regional Specialised Meteorological Centres of the World Meteorological Organisation.

How many of the above statements is/are correct?

• (a) Only one

• (b) Only two

• (c) Only three

• (d) All four

Explanation:

• The India Meteorological Department (IMD) is an agency of the Ministry of Earth Sciences of the Government of India. It is the principal agency responsible for meteorological observations, weather forecasting and seismology. IMD is headquartered in Delhi and operates hundreds of observation stations across India and Antarctica. Regional offices are at Chennai, Mumbai, Kolkata, Nagpur, Guwahati and New Delhi.

• IMD is also one of the six Regional Specialised Meteorological Centres of the World Meteorological Organisation.

Refer: https://www.insightsonindia.com/2024/06/03/automatic-weather-station-aws/

Explanation:

• The India Meteorological Department (IMD) is an agency of the Ministry of Earth Sciences of the Government of India. It is the principal agency responsible for meteorological observations, weather forecasting and seismology. IMD is headquartered in Delhi and operates hundreds of observation stations across India and Antarctica. Regional offices are at Chennai, Mumbai, Kolkata, Nagpur, Guwahati and New Delhi.

• IMD is also one of the six Regional Specialised Meteorological Centres of the World Meteorological Organisation.

Refer: https://www.insightsonindia.com/2024/06/03/automatic-weather-station-aws/

• Question 7 of 10 7. Question 1 points The Reserve Bank of India (RBI) uses a monetary policy tool called Variable Rate Repo (VRR). Which of the following statements about VRR is MOST accurate? (a) The RBI injects a fixed amount of liquidity into the banking system at a pre-determined interest rate. (b) Banks can borrow short-term funds from the RBI at a fixed repo rate. (c) Banks submit bids with their desired interest rate to borrow funds from the RBI, and the RBI selects bids up to a pre-determined amount. (d) The VRR is used to absorb excess liquidity from the banking system. Correct Ans: (c) Explanation: Context: The Reserve Bank of India’s (RBI) variable rate repo (VRR) auction attracted significant interest from banks, with bids totalling ₹1,13,915 crore, surpassing the RBI’s offer of ₹50,000 crore. This underscores the growing demand for liquidity in the banking sector amid an estimated deficit of around ₹1.54-lakh crore. What is VRR, or Variable Rate Repo? It is a mechanism where the RBI permits banks to borrow funds at rates determined by the market, differing from the fixed Repo Rate at which banks borrow directly from the RBI. Typically lasting up to 14 days, VRR serves as a means to inject short-term liquidity into the banking system. Conversely, Variable Rate Reverse Repo (VRRR) is employed to absorb surplus liquidity from the system. Refer: https://www.insightsonindia.com/2024/06/03/variable-rate-repo-vrr/ Incorrect Ans: (c) Explanation: Context: The Reserve Bank of India’s (RBI) variable rate repo (VRR) auction attracted significant interest from banks, with bids totalling ₹1,13,915 crore, surpassing the RBI’s offer of ₹50,000 crore. This underscores the growing demand for liquidity in the banking sector amid an estimated deficit of around ₹1.54-lakh crore. What is VRR, or Variable Rate Repo? It is a mechanism where the RBI permits banks to borrow funds at rates determined by the market, differing from the fixed Repo Rate at which banks borrow directly from the RBI. Typically lasting up to 14 days, VRR serves as a means to inject short-term liquidity into the banking system. Conversely, Variable Rate Reverse Repo (VRRR) is employed to absorb surplus liquidity from the system. Refer: https://www.insightsonindia.com/2024/06/03/variable-rate-repo-vrr/

#### 7. Question

The Reserve Bank of India (RBI) uses a monetary policy tool called Variable Rate Repo (VRR). Which of the following statements about VRR is MOST accurate?

• (a) The RBI injects a fixed amount of liquidity into the banking system at a pre-determined interest rate.

• (b) Banks can borrow short-term funds from the RBI at a fixed repo rate.

• (c) Banks submit bids with their desired interest rate to borrow funds from the RBI, and the RBI selects bids up to a pre-determined amount.

• (d) The VRR is used to absorb excess liquidity from the banking system.

Explanation:

• Context: The Reserve Bank of India’s (RBI) variable rate repo (VRR) auction attracted significant interest from banks, with bids totalling ₹1,13,915 crore, surpassing the RBI’s offer of ₹50,000 crore. This underscores the growing demand for liquidity in the banking sector amid an estimated deficit of around ₹1.54-lakh crore.

• This underscores the growing demand for liquidity in the banking sector amid an estimated deficit of around ₹1.54-lakh crore.

What is VRR, or Variable Rate Repo? It is a mechanism where the RBI permits banks to borrow funds at rates determined by the market, differing from the fixed Repo Rate at which banks borrow directly from the RBI. Typically lasting up to 14 days, VRR serves as a means to inject short-term liquidity into the banking system. Conversely, Variable Rate Reverse Repo (VRRR) is employed to absorb surplus liquidity from the system.

• It is a mechanism where the RBI permits banks to borrow funds at rates determined by the market, differing from the fixed Repo Rate at which banks borrow directly from the RBI.

• Typically lasting up to 14 days, VRR serves as a means to inject short-term liquidity into the banking system. Conversely, Variable Rate Reverse Repo (VRRR) is employed to absorb surplus liquidity from the system.

Refer: https://www.insightsonindia.com/2024/06/03/variable-rate-repo-vrr/

Explanation:

• Context: The Reserve Bank of India’s (RBI) variable rate repo (VRR) auction attracted significant interest from banks, with bids totalling ₹1,13,915 crore, surpassing the RBI’s offer of ₹50,000 crore. This underscores the growing demand for liquidity in the banking sector amid an estimated deficit of around ₹1.54-lakh crore.

• This underscores the growing demand for liquidity in the banking sector amid an estimated deficit of around ₹1.54-lakh crore.

What is VRR, or Variable Rate Repo? It is a mechanism where the RBI permits banks to borrow funds at rates determined by the market, differing from the fixed Repo Rate at which banks borrow directly from the RBI. Typically lasting up to 14 days, VRR serves as a means to inject short-term liquidity into the banking system. Conversely, Variable Rate Reverse Repo (VRRR) is employed to absorb surplus liquidity from the system.

• It is a mechanism where the RBI permits banks to borrow funds at rates determined by the market, differing from the fixed Repo Rate at which banks borrow directly from the RBI.

• Typically lasting up to 14 days, VRR serves as a means to inject short-term liquidity into the banking system. Conversely, Variable Rate Reverse Repo (VRRR) is employed to absorb surplus liquidity from the system.

Refer: https://www.insightsonindia.com/2024/06/03/variable-rate-repo-vrr/

• Question 8 of 10 8. Question 1 points In which of the following sectors is Foreign Direct Investment (FDI) prohibited in India? (a) Manufacturing of automobiles (b) Development of townships (c) Real estate business or construction of farm houses (d) Single-brand retail stores Correct Ans: (c) Explanation: Context: Foreign Direct Investment (FDI) inflows into India fell 3.5% to $44 billion in FY24 due to reduced investments in services, telecom, and pharma sectors. FDI is not permitted in firms engaged in or attempting to engage in the real estate industry, farmhouse construction, or trading in transferable development rights. About FDI Definition: Investment by a company or individual in one country into business interests in another country. Policy: Formulated by the Department for Promotion of Industry and Internal Trade (DPIIT). Routes: Automatic Route: No government approval is required. Government Route: Approval required. Inclusions: Foreign Currency Convertible Bonds, Foreign Institutional Investment (with conditions), and Global Depository Receipts. Prohibitions: Lottery Business, Gambling and Betting, Chit Funds, Nidhi Company, Trading in Transferable Development Rights, etc. Refer: https://www.insightsonindia.com/2024/06/03/fdi-inflows-into-india/ Incorrect Ans: (c) Explanation: Context: Foreign Direct Investment (FDI) inflows into India fell 3.5% to $44 billion in FY24 due to reduced investments in services, telecom, and pharma sectors. FDI is not permitted in firms engaged in or attempting to engage in the real estate industry, farmhouse construction, or trading in transferable development rights. About FDI Definition: Investment by a company or individual in one country into business interests in another country. Policy: Formulated by the Department for Promotion of Industry and Internal Trade (DPIIT). Routes: Automatic Route: No government approval is required. Government Route: Approval required. Inclusions: Foreign Currency Convertible Bonds, Foreign Institutional Investment (with conditions), and Global Depository Receipts. Prohibitions: Lottery Business, Gambling and Betting, Chit Funds, Nidhi Company, Trading in Transferable Development Rights, etc. Refer: https://www.insightsonindia.com/2024/06/03/fdi-inflows-into-india/

#### 8. Question

In which of the following sectors is Foreign Direct Investment (FDI) prohibited in India?

• (a) Manufacturing of automobiles

• (b) Development of townships

• (c) Real estate business or construction of farm houses

• (d) Single-brand retail stores

Explanation:

• Context: Foreign Direct Investment (FDI) inflows into India fell 3.5% to $44 billion in FY24 due to reduced investments in services, telecom, and pharma sectors.

• FDI is not permitted in firms engaged in or attempting to engage in the real estate industry, farmhouse construction, or trading in transferable development rights.

About FDI Definition: Investment by a company or individual in one country into business interests in another country. Policy: Formulated by the Department for Promotion of Industry and Internal Trade (DPIIT). Routes: Automatic Route: No government approval is required. Government Route: Approval required. Inclusions: Foreign Currency Convertible Bonds, Foreign Institutional Investment (with conditions), and Global Depository Receipts. Prohibitions: Lottery Business, Gambling and Betting, Chit Funds, Nidhi Company, Trading in Transferable Development Rights, etc.

• Definition: Investment by a company or individual in one country into business interests in another country.

• Policy: Formulated by the Department for Promotion of Industry and Internal Trade (DPIIT).

• Routes: Automatic Route: No government approval is required. Government Route: Approval required.

• Automatic Route: No government approval is required.

• Government Route: Approval required.

• Inclusions: Foreign Currency Convertible Bonds, Foreign Institutional Investment (with conditions), and Global Depository Receipts.

Prohibitions: Lottery Business, Gambling and Betting, Chit Funds, Nidhi Company, Trading in Transferable Development Rights, etc.

Refer: https://www.insightsonindia.com/2024/06/03/fdi-inflows-into-india/

Explanation:

• Context: Foreign Direct Investment (FDI) inflows into India fell 3.5% to $44 billion in FY24 due to reduced investments in services, telecom, and pharma sectors.

• FDI is not permitted in firms engaged in or attempting to engage in the real estate industry, farmhouse construction, or trading in transferable development rights.

About FDI Definition: Investment by a company or individual in one country into business interests in another country. Policy: Formulated by the Department for Promotion of Industry and Internal Trade (DPIIT). Routes: Automatic Route: No government approval is required. Government Route: Approval required. Inclusions: Foreign Currency Convertible Bonds, Foreign Institutional Investment (with conditions), and Global Depository Receipts. Prohibitions: Lottery Business, Gambling and Betting, Chit Funds, Nidhi Company, Trading in Transferable Development Rights, etc.

• Definition: Investment by a company or individual in one country into business interests in another country.

• Policy: Formulated by the Department for Promotion of Industry and Internal Trade (DPIIT).

• Routes: Automatic Route: No government approval is required. Government Route: Approval required.

• Automatic Route: No government approval is required.

• Government Route: Approval required.

• Inclusions: Foreign Currency Convertible Bonds, Foreign Institutional Investment (with conditions), and Global Depository Receipts.

Prohibitions: Lottery Business, Gambling and Betting, Chit Funds, Nidhi Company, Trading in Transferable Development Rights, etc.

Refer: https://www.insightsonindia.com/2024/06/03/fdi-inflows-into-india/

• Question 9 of 10 9. Question 1 points Which of the following statements about recombinant proteins is MOST accurate? (a) Recombinant proteins are naturally occurring proteins extracted from living organisms. (b) Recombinant proteins are produced through genetic engineering but have different properties from their natural counterparts. (c) Recombinant proteins can only be produced in large quantities using complex and expensive equipment. (d) Recombinant proteins have no practical applications in medicine or research. Correct Ans: (b) Explanation: Context: Researchers at the Indian Institute of Science (IISc), Bengaluru, have devised a groundbreaking method for mass-producing recombinant proteins, which include vital substances like vaccine antigens, insulin, and monoclonal antibodies. What are Recombinant Proteins? Recombinant proteins are proteins that are artificially produced through genetic engineering techniques. These proteins are created by introducing specific DNA sequences, encoding desired protein products, into host organisms such as bacteria, yeast, or mammalian cells. The host cells then use their own cellular machinery to produce the recombinant proteins according to the inserted genetic instructions. Recombinant proteins have a wide range of applications, including in medicine (such as vaccine antigens, insulin, and therapeutic antibodies), agriculture, industry, and research. They are crucial for various biotechnological and pharmaceutical purposes due to their precise control over protein structure and function. Refer: https://www.insightsonindia.com/2024/06/03/recombinant-proteins/ Incorrect Ans: (b) Explanation: Context: Researchers at the Indian Institute of Science (IISc), Bengaluru, have devised a groundbreaking method for mass-producing recombinant proteins, which include vital substances like vaccine antigens, insulin, and monoclonal antibodies. What are Recombinant Proteins? Recombinant proteins are proteins that are artificially produced through genetic engineering techniques. These proteins are created by introducing specific DNA sequences, encoding desired protein products, into host organisms such as bacteria, yeast, or mammalian cells. The host cells then use their own cellular machinery to produce the recombinant proteins according to the inserted genetic instructions. Recombinant proteins have a wide range of applications, including in medicine (such as vaccine antigens, insulin, and therapeutic antibodies), agriculture, industry, and research. They are crucial for various biotechnological and pharmaceutical purposes due to their precise control over protein structure and function. Refer: https://www.insightsonindia.com/2024/06/03/recombinant-proteins/

#### 9. Question

Which of the following statements about recombinant proteins is MOST accurate?

• (a) Recombinant proteins are naturally occurring proteins extracted from living organisms.

• (b) Recombinant proteins are produced through genetic engineering but have different properties from their natural counterparts.

• (c) Recombinant proteins can only be produced in large quantities using complex and expensive equipment.

• (d) Recombinant proteins have no practical applications in medicine or research.

Explanation:

• Context: Researchers at the Indian Institute of Science (IISc), Bengaluru, have devised a groundbreaking method for mass-producing recombinant proteins, which include vital substances like vaccine antigens, insulin, and monoclonal antibodies.

What are Recombinant Proteins? Recombinant proteins are proteins that are artificially produced through genetic engineering techniques. These proteins are created by introducing specific DNA sequences, encoding desired protein products, into host organisms such as bacteria, yeast, or mammalian cells. The host cells then use their own cellular machinery to produce the recombinant proteins according to the inserted genetic instructions.

• Recombinant proteins are proteins that are artificially produced through genetic engineering techniques. These proteins are created by introducing specific DNA sequences, encoding desired protein products, into host organisms such as bacteria, yeast, or mammalian cells. The host cells then use their own cellular machinery to produce the recombinant proteins according to the inserted genetic instructions.

• Recombinant proteins have a wide range of applications, including in medicine (such as vaccine antigens, insulin, and therapeutic antibodies), agriculture, industry, and research. They are crucial for various biotechnological and pharmaceutical purposes due to their precise control over protein structure and function.

Refer: https://www.insightsonindia.com/2024/06/03/recombinant-proteins/

Explanation:

• Context: Researchers at the Indian Institute of Science (IISc), Bengaluru, have devised a groundbreaking method for mass-producing recombinant proteins, which include vital substances like vaccine antigens, insulin, and monoclonal antibodies.

What are Recombinant Proteins? Recombinant proteins are proteins that are artificially produced through genetic engineering techniques. These proteins are created by introducing specific DNA sequences, encoding desired protein products, into host organisms such as bacteria, yeast, or mammalian cells. The host cells then use their own cellular machinery to produce the recombinant proteins according to the inserted genetic instructions.

• Recombinant proteins are proteins that are artificially produced through genetic engineering techniques. These proteins are created by introducing specific DNA sequences, encoding desired protein products, into host organisms such as bacteria, yeast, or mammalian cells. The host cells then use their own cellular machinery to produce the recombinant proteins according to the inserted genetic instructions.

• Recombinant proteins have a wide range of applications, including in medicine (such as vaccine antigens, insulin, and therapeutic antibodies), agriculture, industry, and research. They are crucial for various biotechnological and pharmaceutical purposes due to their precise control over protein structure and function.

Refer: https://www.insightsonindia.com/2024/06/03/recombinant-proteins/

• Question 10 of 10 10. Question 1 points In which of the states is Hollangapar Gibbon Sanctuary located? (a) Meghalaya (b) Assam (c) Arunachal Pradesh (d) Nagaland Correct Ans: (b) Explanation: Context: The Northeast Frontier Railway (NFR) plans to construct canopy bridges in Assam’s Hollangapar Gibbon Sanctuary to help India’s only ape, the hoolock gibbon, safely cross railway tracks dividing its habitat. The sanctuary, home to about 125 gibbons, faces fragmentation due to a railway track. These bridges, designed by the Wildlife Institute of India (WII) and NFR, will facilitate the arboreal species’ movement. Safety measures, including nets, will be implemented to prevent accidents. Gibbons, the smallest and fastest of all apes, inhabit tropical and subtropical forests in Southeast Asia. They have high intelligence, distinct personalities, and strong family bonds. They are one of the 20 gibbon species found worldwide. Refer: https://www.insightsonindia.com/2024/06/03/assams-hollangapar-gibbon-sanctuary/ Incorrect Ans: (b) Explanation: Context: The Northeast Frontier Railway (NFR) plans to construct canopy bridges in Assam’s Hollangapar Gibbon Sanctuary to help India’s only ape, the hoolock gibbon, safely cross railway tracks dividing its habitat. The sanctuary, home to about 125 gibbons, faces fragmentation due to a railway track. These bridges, designed by the Wildlife Institute of India (WII) and NFR, will facilitate the arboreal species’ movement. Safety measures, including nets, will be implemented to prevent accidents. Gibbons, the smallest and fastest of all apes, inhabit tropical and subtropical forests in Southeast Asia. They have high intelligence, distinct personalities, and strong family bonds. They are one of the 20 gibbon species found worldwide. Refer: https://www.insightsonindia.com/2024/06/03/assams-hollangapar-gibbon-sanctuary/

#### 10. Question

In which of the states is Hollangapar Gibbon Sanctuary located?

• (a) Meghalaya

• (c) Arunachal Pradesh

• (d) Nagaland

Explanation:

• Context: The Northeast Frontier Railway (NFR) plans to construct canopy bridges in Assam’s Hollangapar Gibbon Sanctuary to help India’s only ape, the hoolock gibbon, safely cross railway tracks dividing its habitat.

• The sanctuary, home to about 125 gibbons, faces fragmentation due to a railway track. These bridges, designed by the Wildlife Institute of India (WII) and NFR, will facilitate the arboreal species’ movement. Safety measures, including nets, will be implemented to prevent accidents.

Gibbons, the smallest and fastest of all apes, inhabit tropical and subtropical forests in Southeast Asia. They have high intelligence, distinct personalities, and strong family bonds. They are one of the 20 gibbon species found worldwide.

Refer: https://www.insightsonindia.com/2024/06/03/assams-hollangapar-gibbon-sanctuary/

Explanation:

• Context: The Northeast Frontier Railway (NFR) plans to construct canopy bridges in Assam’s Hollangapar Gibbon Sanctuary to help India’s only ape, the hoolock gibbon, safely cross railway tracks dividing its habitat.

• The sanctuary, home to about 125 gibbons, faces fragmentation due to a railway track. These bridges, designed by the Wildlife Institute of India (WII) and NFR, will facilitate the arboreal species’ movement. Safety measures, including nets, will be implemented to prevent accidents.

Gibbons, the smallest and fastest of all apes, inhabit tropical and subtropical forests in Southeast Asia. They have high intelligence, distinct personalities, and strong family bonds. They are one of the 20 gibbon species found worldwide.

Refer: https://www.insightsonindia.com/2024/06/03/assams-hollangapar-gibbon-sanctuary/

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