UPSC Editorials Quiz : 23 May 2024
Kartavya Desk Staff
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Introducing QUED – Questions from Editorials, 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 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. Best of luck! 🙂
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• Question 1 of 5 1. Question Consider the following statements regarding Money Market. The money market provides investment avenues of short-term tenor. The tenor of the transactions for Term money market is from 2 days to 14 days. Call money market is a market for uncollateralized lending and borrowing of funds. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: b) Statement 2 is incorrect. What is Money Market? While the G-Secs market generally caters to the investors with a long-term investment horizon, the money market provides investment avenues of short-term tenor. Money market transactions are generally used for funding the transactions in other markets including G-Secs market and meeting short term liquidity mismatches. By definition, money market is for a maximum tenor of one year. Within the one year, depending upon the tenors, money market is classified into: Overnight market – The tenor of transactions is one working day. Notice money market – The tenor of the transactions is from 2 days to 14 days. Term money market – The tenor of the transactions is from 15 days to one year. What are the different money market instruments? Money market instruments include call money, repos, T- Bills, Cash Management Bills, Commercial Paper, Certificate of Deposit and Collateralized Borrowing and Lending Obligations (CBLO). Call money market: Call money market is a market for uncollateralized lending and borrowing of funds. This market is predominantly overnight and is open for participation to scheduled commercial banks and the primary dealers. Incorrect Solution: b) Statement 2 is incorrect. What is Money Market? While the G-Secs market generally caters to the investors with a long-term investment horizon, the money market provides investment avenues of short-term tenor. Money market transactions are generally used for funding the transactions in other markets including G-Secs market and meeting short term liquidity mismatches. By definition, money market is for a maximum tenor of one year. Within the one year, depending upon the tenors, money market is classified into: Overnight market – The tenor of transactions is one working day. Notice money market – The tenor of the transactions is from 2 days to 14 days. Term money market – The tenor of the transactions is from 15 days to one year. What are the different money market instruments? Money market instruments include call money, repos, T- Bills, Cash Management Bills, Commercial Paper, Certificate of Deposit and Collateralized Borrowing and Lending Obligations (CBLO). Call money market: Call money market is a market for uncollateralized lending and borrowing of funds. This market is predominantly overnight and is open for participation to scheduled commercial banks and the primary dealers.
#### 1. Question
Consider the following statements regarding Money Market.
• The money market provides investment avenues of short-term tenor.
• The tenor of the transactions for Term money market is from 2 days to 14 days.
• Call money market is a market for uncollateralized lending and borrowing of funds.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: b)
Statement 2 is incorrect.
What is Money Market?
While the G-Secs market generally caters to the investors with a long-term investment horizon, the money market provides investment avenues of short-term tenor. Money market transactions are generally used for funding the transactions in other markets including G-Secs market and meeting short term liquidity mismatches. By definition, money market is for a maximum tenor of one year. Within the one year, depending upon the tenors, money market is classified into:
• Overnight market – The tenor of transactions is one working day.
• Notice money market – The tenor of the transactions is from 2 days to 14 days.
• Term money market – The tenor of the transactions is from 15 days to one year.
What are the different money market instruments?
Money market instruments include call money, repos, T- Bills, Cash Management Bills, Commercial Paper, Certificate of Deposit and Collateralized Borrowing and Lending Obligations (CBLO).
Call money market:
Call money market is a market for uncollateralized lending and borrowing of funds. This market is predominantly overnight and is open for participation to scheduled commercial banks and the primary dealers.
Solution: b)
Statement 2 is incorrect.
What is Money Market?
While the G-Secs market generally caters to the investors with a long-term investment horizon, the money market provides investment avenues of short-term tenor. Money market transactions are generally used for funding the transactions in other markets including G-Secs market and meeting short term liquidity mismatches. By definition, money market is for a maximum tenor of one year. Within the one year, depending upon the tenors, money market is classified into:
• Overnight market – The tenor of transactions is one working day.
• Notice money market – The tenor of the transactions is from 2 days to 14 days.
• Term money market – The tenor of the transactions is from 15 days to one year.
What are the different money market instruments?
Money market instruments include call money, repos, T- Bills, Cash Management Bills, Commercial Paper, Certificate of Deposit and Collateralized Borrowing and Lending Obligations (CBLO).
Call money market:
Call money market is a market for uncollateralized lending and borrowing of funds. This market is predominantly overnight and is open for participation to scheduled commercial banks and the primary dealers.
• Question 2 of 5 2. Question Consider the following statements regarding Critical raw materials. These materials are considered critical due to their potential supply chain risks, geopolitical concerns, and their importance for strategic sectors. India joined the Mineral Security Partnership (MSP), which aims to strengthen critical mineral supply chains. Rare Earth Elements are not considered as Critical raw materials. 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. Initiatives taken by India for Critical Minerals: India joined the Mineral Security Partnership (MSP), which aims to strengthen critical mineral supply chains. The Geological Survey of India (GSI) is focused on exploring critical and deep-seated minerals to boost the growth of the mining sector. KABIL: A Joint Venture Company among NALCO, HCL and MECL named Khanij Bidesh India Limited (KABIL) was formed in August 2019 to ensure the supply of Critical Minerals. Critical raw materials are substances that are of high economic importance and are essential for the production of various goods, technologies, and industries. These materials are considered critical due to their potential supply chain risks, geopolitical concerns, and their importance for strategic sectors. Examples of critical raw materials include: Examples Description Rare Earth Elements Used in high-tech products like electronics, wind turbines, and electric vehicle batteries. Includes neodymium, europium, and dysprosium. Lithium Essential for lithium-ion batteries in EVs, smartphones, laptops, and renewable energy storage. Cobalt The key component in lithium-ion batteries, crucial for electric vehicles and portable electronics. Vanadium Used in aerospace, defence, and energy storage, including vanadium redox flow batteries Platinum Group Metals Critical for catalytic converters in vehicles and industrial processes. Includes platinum, palladium, and rhodium. Graphite An essential component in lithium-ion batteries and various industrial applications. Antimony Used in flame retardants, semiconductors, and as a hardening agent in lead-acid batteries. Tungsten Essential for high-temperature applications, particularly in aerospace and defence. Incorrect Solution: b) Statement 3 is incorrect. Initiatives taken by India for Critical Minerals: India joined the Mineral Security Partnership (MSP), which aims to strengthen critical mineral supply chains. The Geological Survey of India (GSI) is focused on exploring critical and deep-seated minerals to boost the growth of the mining sector. KABIL: A Joint Venture Company among NALCO, HCL and MECL named Khanij Bidesh India Limited (KABIL) was formed in August 2019 to ensure the supply of Critical Minerals. Critical raw materials are substances that are of high economic importance and are essential for the production of various goods, technologies, and industries. These materials are considered critical due to their potential supply chain risks, geopolitical concerns, and their importance for strategic sectors. Examples of critical raw materials include: Examples Description Rare Earth Elements Used in high-tech products like electronics, wind turbines, and electric vehicle batteries. Includes neodymium, europium, and dysprosium. Lithium Essential for lithium-ion batteries in EVs, smartphones, laptops, and renewable energy storage. Cobalt The key component in lithium-ion batteries, crucial for electric vehicles and portable electronics. Vanadium Used in aerospace, defence, and energy storage, including vanadium redox flow batteries Platinum Group Metals Critical for catalytic converters in vehicles and industrial processes. Includes platinum, palladium, and rhodium. Graphite An essential component in lithium-ion batteries and various industrial applications. Antimony Used in flame retardants, semiconductors, and as a hardening agent in lead-acid batteries. Tungsten Essential for high-temperature applications, particularly in aerospace and defence.
#### 2. Question
Consider the following statements regarding Critical raw materials.
• These materials are considered critical due to their potential supply chain risks, geopolitical concerns, and their importance for strategic sectors.
• India joined the Mineral Security Partnership (MSP), which aims to strengthen critical mineral supply chains.
• Rare Earth Elements are not considered as Critical raw materials.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: b)
Statement 3 is incorrect.
Initiatives taken by India for Critical Minerals:
• India joined the Mineral Security Partnership (MSP), which aims to strengthen critical mineral supply chains.
• The Geological Survey of India (GSI) is focused on exploring critical and deep-seated minerals to boost the growth of the mining sector.
• KABIL: A Joint Venture Company among NALCO, HCL and MECL named Khanij Bidesh India Limited (KABIL) was formed in August 2019 to ensure the supply of Critical Minerals.
Critical raw materials are substances that are of high economic importance and are essential for the production of various goods, technologies, and industries. These materials are considered critical due to their potential supply chain risks, geopolitical concerns, and their importance for strategic sectors.
Examples of critical raw materials include:
Examples | Description
Rare Earth Elements | Used in high-tech products like electronics, wind turbines, and electric vehicle batteries. Includes neodymium, europium, and dysprosium.
Lithium | Essential for lithium-ion batteries in EVs, smartphones, laptops, and renewable energy storage.
Cobalt | The key component in lithium-ion batteries, crucial for electric vehicles and portable electronics.
Vanadium | Used in aerospace, defence, and energy storage, including vanadium redox flow batteries
Platinum Group Metals | Critical for catalytic converters in vehicles and industrial processes. Includes platinum, palladium, and rhodium.
Graphite | An essential component in lithium-ion batteries and various industrial applications.
Antimony | Used in flame retardants, semiconductors, and as a hardening agent in lead-acid batteries.
Tungsten | Essential for high-temperature applications, particularly in aerospace and defence.
Solution: b)
Statement 3 is incorrect.
Initiatives taken by India for Critical Minerals:
• India joined the Mineral Security Partnership (MSP), which aims to strengthen critical mineral supply chains.
• The Geological Survey of India (GSI) is focused on exploring critical and deep-seated minerals to boost the growth of the mining sector.
• KABIL: A Joint Venture Company among NALCO, HCL and MECL named Khanij Bidesh India Limited (KABIL) was formed in August 2019 to ensure the supply of Critical Minerals.
Critical raw materials are substances that are of high economic importance and are essential for the production of various goods, technologies, and industries. These materials are considered critical due to their potential supply chain risks, geopolitical concerns, and their importance for strategic sectors.
Examples of critical raw materials include:
Examples | Description
Rare Earth Elements | Used in high-tech products like electronics, wind turbines, and electric vehicle batteries. Includes neodymium, europium, and dysprosium.
Lithium | Essential for lithium-ion batteries in EVs, smartphones, laptops, and renewable energy storage.
Cobalt | The key component in lithium-ion batteries, crucial for electric vehicles and portable electronics.
Vanadium | Used in aerospace, defence, and energy storage, including vanadium redox flow batteries
Platinum Group Metals | Critical for catalytic converters in vehicles and industrial processes. Includes platinum, palladium, and rhodium.
Graphite | An essential component in lithium-ion batteries and various industrial applications.
Antimony | Used in flame retardants, semiconductors, and as a hardening agent in lead-acid batteries.
Tungsten | Essential for high-temperature applications, particularly in aerospace and defence.
• Question 3 of 5 3. Question Consider the following statements regarding solid-state battery. A solid-state battery uses solid electrodes and a solid electrolyte, instead of the liquid electrolytes found in lithium-ion batteries. Energy density in lithium-ion battery is higher than solid-state battery. Solid-state batteries are used in pacemakers, RFID and wearable devices. How many of the above statements is/are incorrect? a) Only one b) Only two c) All three d) None Correct Solution: a) Statement 2 is incorrect. A solid-state battery is a battery technology that uses solid electrodes and a solid electrolyte, instead of the liquid or polymer gel electrolytes found in lithium-ion or lithium polymer batteries. Solid-state batteries have found use in pacemakers, RFID and wearable devices. They are potentially safer, with higher energy densities, but at a much higher cost. A solid-state battery can increase energy density per unit area since only a small number of batteries are needed. For that reason, a solid-state battery is perfect to make an EV battery system of module and pack, which needs high capacity. Challenges to widespread adoption include energy and power density, durability, material costs, sensitivity and stability. Incorrect Solution: a) Statement 2 is incorrect. A solid-state battery is a battery technology that uses solid electrodes and a solid electrolyte, instead of the liquid or polymer gel electrolytes found in lithium-ion or lithium polymer batteries. Solid-state batteries have found use in pacemakers, RFID and wearable devices. They are potentially safer, with higher energy densities, but at a much higher cost. A solid-state battery can increase energy density per unit area since only a small number of batteries are needed. For that reason, a solid-state battery is perfect to make an EV battery system of module and pack, which needs high capacity. Challenges to widespread adoption include energy and power density, durability, material costs, sensitivity and stability.
#### 3. Question
Consider the following statements regarding solid-state battery.
• A solid-state battery uses solid electrodes and a solid electrolyte, instead of the liquid electrolytes found in lithium-ion batteries.
• Energy density in lithium-ion battery is higher than solid-state battery.
• Solid-state batteries are used in pacemakers, RFID and wearable devices.
How many of the above statements is/are incorrect?
• a) Only one
• b) Only two
• c) All three
Solution: a)
Statement 2 is incorrect.
A solid-state battery is a battery technology that uses solid electrodes and a solid electrolyte, instead of the liquid or polymer gel electrolytes found in lithium-ion or lithium polymer batteries.
Solid-state batteries have found use in pacemakers, RFID and wearable devices. They are potentially safer, with higher energy densities, but at a much higher cost.
A solid-state battery can increase energy density per unit area since only a small number of batteries are needed. For that reason, a solid-state battery is perfect to make an EV battery system of module and pack, which needs high capacity.
Challenges to widespread adoption include energy and power density, durability, material costs, sensitivity and stability.
Solution: a)
Statement 2 is incorrect.
A solid-state battery is a battery technology that uses solid electrodes and a solid electrolyte, instead of the liquid or polymer gel electrolytes found in lithium-ion or lithium polymer batteries.
Solid-state batteries have found use in pacemakers, RFID and wearable devices. They are potentially safer, with higher energy densities, but at a much higher cost.
A solid-state battery can increase energy density per unit area since only a small number of batteries are needed. For that reason, a solid-state battery is perfect to make an EV battery system of module and pack, which needs high capacity.
Challenges to widespread adoption include energy and power density, durability, material costs, sensitivity and stability.
• Question 4 of 5 4. Question Consider the following statements regarding Paris Agenda for People and the Planet. Paris Agenda for People and the Planet is a United Nations initiative aimed at eliminating poverty, preserving the environment, and enhancing the resilience of vulnerable countries to climate change. It focuses on leveraging various sources of finance, including official development assistance, domestic resources, and private investment. Which of the above statements is/are incorrect? a) 1 only b) 2 only c) Both 1 and 2 d) Neither 1 nor 2 Correct Solution: a) The Paris Agenda for People and the Planet is a global initiative aimed at eliminating poverty, preserving the environment, and enhancing the resilience of vulnerable countries to climate change and conflicts. The focus of the Summit: It focused on leveraging various sources of finance, including official development assistance, domestic resources, and private investment, to achieve these goals. Incorrect Solution: a) The Paris Agenda for People and the Planet is a global initiative aimed at eliminating poverty, preserving the environment, and enhancing the resilience of vulnerable countries to climate change and conflicts. The focus of the Summit: It focused on leveraging various sources of finance, including official development assistance, domestic resources, and private investment, to achieve these goals.
#### 4. Question
Consider the following statements regarding Paris Agenda for People and the Planet.
• Paris Agenda for People and the Planet is a United Nations initiative aimed at eliminating poverty, preserving the environment, and enhancing the resilience of vulnerable countries to climate change.
• It focuses on leveraging various sources of finance, including official development assistance, domestic resources, and private investment.
Which of the above statements is/are incorrect?
• c) Both 1 and 2
• d) Neither 1 nor 2
Solution: a)
The Paris Agenda for People and the Planet is a global initiative aimed at eliminating poverty, preserving the environment, and enhancing the resilience of vulnerable countries to climate change and conflicts.
The focus of the Summit:
It focused on leveraging various sources of finance, including official development assistance, domestic resources, and private investment, to achieve these goals.
Solution: a)
The Paris Agenda for People and the Planet is a global initiative aimed at eliminating poverty, preserving the environment, and enhancing the resilience of vulnerable countries to climate change and conflicts.
The focus of the Summit:
It focused on leveraging various sources of finance, including official development assistance, domestic resources, and private investment, to achieve these goals.
• Question 5 of 5 5. Question Consider the following statements regarding Fraternity. Fraternity is the principle which gives unity and solidarity to social life. It became an official demand of the Indian National Congress in 1935 and was officially adopted in the Lucknow session in 1936. The Preamble of the Indian Constitution mentions fraternity as one of its objectives. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: c) According to Dr. Ambedkar “Fraternity means a sense of common brotherhood of all Indians — of Indians being one people. It is the principle which gives unity and solidarity to social life,”. Fraternity is deeply embedded in political philosophy, emphasizing empowerment and emancipation in politics. It’s a fundamental element of liberal political thought, alongside liberty and equality. It became an official demand of the Indian National Congress in 1935 and was officially adopted in the Lucknow session in April 1936 presided by Jawaharlal Nehru, who also drafted the Objectives Resolution. The Preamble of the Indian Constitution mentions fraternity as one of its objectives. It ends with “…and to promote among them all fraternity assuring the dignity of the individual and the unity and integrity of the Nation.” Incorrect Solution: c) According to Dr. Ambedkar “Fraternity means a sense of common brotherhood of all Indians — of Indians being one people. It is the principle which gives unity and solidarity to social life,”. Fraternity is deeply embedded in political philosophy, emphasizing empowerment and emancipation in politics. It’s a fundamental element of liberal political thought, alongside liberty and equality. It became an official demand of the Indian National Congress in 1935 and was officially adopted in the Lucknow session in April 1936 presided by Jawaharlal Nehru, who also drafted the Objectives Resolution. The Preamble of the Indian Constitution mentions fraternity as one of its objectives. It ends with “…and to promote among them all fraternity assuring the dignity of the individual and the unity and integrity of the Nation.”
#### 5. Question
Consider the following statements regarding Fraternity.
• Fraternity is the principle which gives unity and solidarity to social life.
• It became an official demand of the Indian National Congress in 1935 and was officially adopted in the Lucknow session in 1936.
• The Preamble of the Indian Constitution mentions fraternity as one of its objectives.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: c)
According to Dr. Ambedkar “Fraternity means a sense of common brotherhood of all Indians — of Indians being one people. It is the principle which gives unity and solidarity to social life,”.
Fraternity is deeply embedded in political philosophy, emphasizing empowerment and emancipation in politics. It’s a fundamental element of liberal political thought, alongside liberty and equality.
It became an official demand of the Indian National Congress in 1935 and was officially adopted in the Lucknow session in April 1936 presided by Jawaharlal Nehru, who also drafted the Objectives Resolution.
The Preamble of the Indian Constitution mentions fraternity as one of its objectives. It ends with “…and to promote among them all fraternity assuring the dignity of the individual and the unity and integrity of the Nation.”
Solution: c)
According to Dr. Ambedkar “Fraternity means a sense of common brotherhood of all Indians — of Indians being one people. It is the principle which gives unity and solidarity to social life,”.
Fraternity is deeply embedded in political philosophy, emphasizing empowerment and emancipation in politics. It’s a fundamental element of liberal political thought, alongside liberty and equality.
It became an official demand of the Indian National Congress in 1935 and was officially adopted in the Lucknow session in April 1936 presided by Jawaharlal Nehru, who also drafted the Objectives Resolution.
The Preamble of the Indian Constitution mentions fraternity as one of its objectives. It ends with “…and to promote among them all fraternity assuring the dignity of the individual and the unity and integrity of the Nation.”
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