UPSC Editorials Quiz : 13 June 2024

Introducing QUED – Questions from Editorials (UPSC Editorials Quiz) , an innovative initiative from InsightsIAS. Considering the significant number of questions in previous UPSC Prelims from editorials, practicing MCQs from this perspective can provide an extra edge. While we cover important editorials separately in our Editorial Section and SECURE Initiative, adding QUED (UPSC Editorials Quiz) to your daily MCQ practice alongside Static Quiz, Current Affairs Quiz, and InstaDART can be crucial for better performance. We recommend utilizing this initiative to enhance your preparation, with 5 MCQs posted daily at 11 am from Monday to Saturday on our website under the QUIZ menu.

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• Question 1 of 5 1. Question Consider the following statements. A company or business is said to be “over leveraged” if it has unsustainably high debt against its operating cash flows and equity. An over leveraged company would find it difficult to make interest and principal repayments to its creditors. An over leveraged company will always become bankrupt. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: b) Statement 3 is incorrect. A company or business is said to be “over leveraged” if it has unsustainably high debt against its operating cash flows and equity. Such a company would find it difficult to make interest and principal repayments to its creditors, and may struggle to meet its operating expenses as well. In the latter case, the company may be forced to borrow even more just to keep going, and thus enter a vicious cycle. This situation can ultimately lead to the company going bankrupt. Incorrect Solution: b) Statement 3 is incorrect. A company or business is said to be “over leveraged” if it has unsustainably high debt against its operating cash flows and equity. Such a company would find it difficult to make interest and principal repayments to its creditors, and may struggle to meet its operating expenses as well. In the latter case, the company may be forced to borrow even more just to keep going, and thus enter a vicious cycle. This situation can ultimately lead to the company going bankrupt.

#### 1. Question

Consider the following statements.

• A company or business is said to be “over leveraged” if it has unsustainably high debt against its operating cash flows and equity.

• An over leveraged company would find it difficult to make interest and principal repayments to its creditors.

• An over leveraged company will always become bankrupt.

How many of the above statements is/are correct?

• a) Only one

• b) Only two

• c) All three

Solution: b)

Statement 3 is incorrect.

A company or business is said to be “over leveraged” if it has unsustainably high debt against its operating cash flows and equity. Such a company would find it difficult to make interest and principal repayments to its creditors, and may struggle to meet its operating expenses as well. In the latter case, the company may be forced to borrow even more just to keep going, and thus enter a vicious cycle. This situation can ultimately lead to the company going bankrupt.

Solution: b)

Statement 3 is incorrect.

• Question 2 of 5 2. Question Consider the following statements. UN Framework Convention on Climate Change (UNFCCC) does not explicitly acknowledge the differentiated responsibility of nations to fight climate change. The Warsaw International Mechanism (WIM) for Loss and Damages, was the first formal acknowledgment of the need to compensate developing countries struck by climate disasters. Which of the above statements is/are correct? a) 1 only b) 2 only c) Both 1 and 2 d) Neither 1 nor 2 Correct Solution: b) The UN Framework Convention on Climate Change (UNFCCC), the 1994 international agreement that lays down the broad principles of the global effort to fight climate change, explicitly acknowledges this differentiated responsibility of nations. It makes it very clear that rich countries must provide both the finance and the technology to the developing nations to help them tackle climate change. It was after much struggle that the developing countries and NGOs managed to establish a separate channel on loss and damages at international climate change negotiations. The Warsaw International Mechanism (WIM) for Loss and Damages, set up in 2013, was the first formal acknowledgment of the need to compensate developing countries struck by climate disasters. Incorrect Solution: b) The UN Framework Convention on Climate Change (UNFCCC), the 1994 international agreement that lays down the broad principles of the global effort to fight climate change, explicitly acknowledges this differentiated responsibility of nations. It makes it very clear that rich countries must provide both the finance and the technology to the developing nations to help them tackle climate change. It was after much struggle that the developing countries and NGOs managed to establish a separate channel on loss and damages at international climate change negotiations. The Warsaw International Mechanism (WIM) for Loss and Damages, set up in 2013, was the first formal acknowledgment of the need to compensate developing countries struck by climate disasters.

#### 2. Question

Consider the following statements.

• UN Framework Convention on Climate Change (UNFCCC) does not explicitly acknowledge the differentiated responsibility of nations to fight climate change.

• The Warsaw International Mechanism (WIM) for Loss and Damages, was the first formal acknowledgment of the need to compensate developing countries struck by climate disasters.

Which of the above statements is/are correct?

• c) Both 1 and 2

• d) Neither 1 nor 2

Solution: b)

The UN Framework Convention on Climate Change (UNFCCC), the 1994 international agreement that lays down the broad principles of the global effort to fight climate change, explicitly acknowledges this differentiated responsibility of nations. It makes it very clear that rich countries must provide both the finance and the technology to the developing nations to help them tackle climate change.

It was after much struggle that the developing countries and NGOs managed to establish a separate channel on loss and damages at international climate change negotiations. The Warsaw International Mechanism (WIM) for Loss and Damages, set up in 2013, was the first formal acknowledgment of the need to compensate developing countries struck by climate disasters.

Solution: b)

• Question 3 of 5 3. Question Consider the following statements regarding Cauvery River. Cauvery River is the largest river in southern India. It originates in Karnataka and drains into the Bay of Bengal. It is the largestriver in the state of Tamil Nadu. Hemavathi, Shimsa, and Harangi are the right bank tributaries of Cauvery River. How many of the above statements is/are correct? a) Only one b) Only two c) Only three d) All four Correct Solution: b) Statement 2 and 3 is correct. About Cauvery River It is the third largest river – after Godavari and Krishna – in southern India, and the largest in the state of Tamil Nadu, known as ‘Ponni’ in Tamil. Originates in Karnataka (Talakaveri in the Brahmagiri range in the Western Ghats, Kodagu district) and eventually drains into the Bay of Bengal. Its left bank tributaries include Arkavathi, Hemavathi, Shimsa, and Harangi, while right bank tributaries consist of Lakshmantirtha, Suvarnavati, Noyil, Bhavani, Kabini, and Amaravathi. Incorrect Solution: b) Statement 2 and 3 is correct. About Cauvery River It is the third largest river – after Godavari and Krishna – in southern India, and the largest in the state of Tamil Nadu, known as ‘Ponni’ in Tamil. Originates in Karnataka (Talakaveri in the Brahmagiri range in the Western Ghats, Kodagu district) and eventually drains into the Bay of Bengal. Its left bank tributaries include Arkavathi, Hemavathi, Shimsa, and Harangi, while right bank tributaries consist of Lakshmantirtha, Suvarnavati, Noyil, Bhavani, Kabini, and Amaravathi.

#### 3. Question

Consider the following statements regarding Cauvery River.

• Cauvery River is the largest river in southern India.

• It originates in Karnataka and drains into the Bay of Bengal.

• It is the largestriver in the state of Tamil Nadu.

• Hemavathi, Shimsa, and Harangi are the right bank tributaries of Cauvery River.

How many of the above statements is/are correct?

• a) Only one

• b) Only two

• c) Only three

• d) All four

Solution: b)

Statement 2 and 3 is correct.

About Cauvery River

It is the third largest river – after Godavari and Krishna – in southern India, and the largest in the state of Tamil Nadu, known as ‘Ponni’ in Tamil. Originates in Karnataka (Talakaveri in the Brahmagiri range in the Western Ghats, Kodagu district) and eventually drains into the Bay of Bengal. Its left bank tributaries include Arkavathi, Hemavathi, Shimsa, and Harangi, while right bank tributaries consist of Lakshmantirtha, Suvarnavati, Noyil, Bhavani, Kabini, and Amaravathi.

Solution: b)

Statement 2 and 3 is correct.

About Cauvery River

• Question 4 of 5 4. Question Consider the following statements regarding Prevention of Money Laundering Act, 2002 (PMLA). The PMLA is in line with India’s global commitment to combat money laundering, particularly related to crimes involving drugs and narcotics. One of its objectives is to confiscate and seize the property obtained from the laundered money. The Act impose obligation on banking companies and financial institutions to verify identity of clients, maintain records and furnish information in prescribed form to Financial Intelligence Unit – India (FIU-IND). How many of the above statements is/are correct? a) Only one b) Only two c) All three c) All three Correct Solution: c) The PMLA was enacted in 2002 in line with India’s global commitment to combat money laundering, particularly related to crimes involving drugs and narcotics. The PMLA seeks to combat money laundering in India and has three main objectives: To prevent and control money laundering. To confiscate and seize the property obtained from the laundered money; and To deal with any other issue connected with money laundering in India. The Act and Rules notified there under impose obligation on banking companies, financial institutions and intermediaries to verify identity of clients, maintain records and furnish information in prescribed form to Financial Intelligence Unit – India (FIU-IND). Incorrect Solution: c) The PMLA was enacted in 2002 in line with India’s global commitment to combat money laundering, particularly related to crimes involving drugs and narcotics. The PMLA seeks to combat money laundering in India and has three main objectives: To prevent and control money laundering. To confiscate and seize the property obtained from the laundered money; and To deal with any other issue connected with money laundering in India. The Act and Rules notified there under impose obligation on banking companies, financial institutions and intermediaries to verify identity of clients, maintain records and furnish information in prescribed form to Financial Intelligence Unit – India (FIU-IND).

#### 4. Question

Consider the following statements regarding Prevention of Money Laundering Act, 2002 (PMLA).

• The PMLA is in line with India’s global commitment to combat money laundering, particularly related to crimes involving drugs and narcotics.

• One of its objectives is to confiscate and seize the property obtained from the laundered money.

• The Act impose obligation on banking companies and financial institutions to verify identity of clients, maintain records and furnish information in prescribed form to Financial Intelligence Unit – India (FIU-IND).

How many of the above statements is/are correct?

• a) Only one

• b) Only two

• c) All three

Solution: c)

The PMLA was enacted in 2002 in line with India’s global commitment to combat money laundering, particularly related to crimes involving drugs and narcotics.

The PMLA seeks to combat money laundering in India and has three main objectives:

• To prevent and control money laundering.

• To confiscate and seize the property obtained from the laundered money; and

• To deal with any other issue connected with money laundering in India.

The Act and Rules notified there under impose obligation on banking companies, financial institutions and intermediaries to verify identity of clients, maintain records and furnish information in prescribed form to Financial Intelligence Unit – India (FIU-IND).

Solution: c)

The PMLA was enacted in 2002 in line with India’s global commitment to combat money laundering, particularly related to crimes involving drugs and narcotics.

The PMLA seeks to combat money laundering in India and has three main objectives:

• To prevent and control money laundering.

• To confiscate and seize the property obtained from the laundered money; and

• To deal with any other issue connected with money laundering in India.

• Question 5 of 5 5. Question Consider the following statements regarding Perovskite solar cells. Perovskite solar cells are cheaper, lighter, and more efficient than traditional silicon-based cells. These solar cells overcome the challenges of degradation during operation, making them suitable for large-scale commercialization. They face stability issues when exposed to heat, moisture, and other environmental factors. How many of the above statements is/are incorrect? a) Only one b) Only two c) All three d) None Correct Solution: d) Perovskite solar cells are cheaper, lighter, and more efficient than traditional silicon-based cells. These solar cells overcome the challenges of degradation during operation, making them suitable for large-scale commercialization. Perovskite solar cells (PSCs) face stability issues when exposed to heat, moisture, and other environmental factors. Incorrect Solution: d) Perovskite solar cells are cheaper, lighter, and more efficient than traditional silicon-based cells. These solar cells overcome the challenges of degradation during operation, making them suitable for large-scale commercialization. Perovskite solar cells (PSCs) face stability issues when exposed to heat, moisture, and other environmental factors.

#### 5. Question

Consider the following statements regarding Perovskite solar cells.

• Perovskite solar cells are cheaper, lighter, and more efficient than traditional silicon-based cells.

• These solar cells overcome the challenges of degradation during operation, making them suitable for large-scale commercialization.

• They face stability issues when exposed to heat, moisture, and other environmental factors.

How many of the above statements is/are incorrect?

• a) Only one

• b) Only two

• c) All three

Solution: d)

Perovskite solar cells are cheaper, lighter, and more efficient than traditional silicon-based cells.

These solar cells overcome the challenges of degradation during operation, making them suitable for large-scale commercialization.

Perovskite solar cells (PSCs) face stability issues when exposed to heat, moisture, and other environmental factors.

Solution: d)

Perovskite solar cells are cheaper, lighter, and more efficient than traditional silicon-based cells.

These solar cells overcome the challenges of degradation during operation, making them suitable for large-scale commercialization.

Perovskite solar cells (PSCs) face stability issues when exposed to heat, moisture, and other environmental factors.

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