10-Jul-24: UPSC Current Affairs Daily Quiz

Consider the following statements about the Financial Inclusion Index (FI-Index)

1. The FI-Index is released annually by the Reserve Bank of India.
2. The FI-Index was first released in 2010.
3. It measures financial inclusion across three dimensions: Access, Usage, and Quality.
4. The index ranges from 0 to 100, where 0 indicates complete financial exclusion.

How many of the above statements are correct?

The ‘Disaster Response Fund’ and ‘State Disaster Mitigation Fund’ were recommended by which of the Finance Commissions respectively?

Consider the following statements in the context of differences between futures and options derivatives

1. Future contracts obligate the holder to buy or sell the underlying asset, while Options give the holder the right but not the obligation to do so.
2. Options have no upfront cost except for margin requirements, while futures require the payment of a premium.
3. The profit potential in futures is unlimited for both buyers and sellers, whereas in options, it's limited for option sellers but unlimited for option buyers.

How many of the above statements are correct?

Consider the following statements regarding ‘High Sea Treaty’

1. It is formally called the Agreement on Conservation and Sustainable Use of Marine Biological Diversity of Areas Beyond National Jurisdiction.
2. As of now 56 countries have signed it, India will be the second country in the world to ratify this treaty after signing it.
3. The treaty deals only with oceans that are outside the national jurisdiction of any country.

How many of the above statements are correct?

Consider the following statements about Florida carpenter ants (Camponotus floridanus)

1. They are one of the largest ant species found in Florida.
2. These ants primarily feed on wood, similar to termites.
3. Florida carpenter ants are nocturnal and most active at night.

How many of the above statements are correct?

Consider the following statements about Shri Jagannath temple complex:

1. Ratna Bhandar is underground treasury chamber located just below the main Jagannath temple.
2. Recently, a high-level committee, under the chairmanship of Justice Biswanath Rath has recommended to open the ratna bhandar.

Which of the statements given above is/are correct?

Consider the following statements:

1. Currently, India’s manufacturing to gross domestic product (GDP) ratio is higher than Bangladesh but less than China.
2. The Government of India targets to achieve manufacturing to GDP ratio more than China by 2025.
3. Nearly, half of the Indian labor are engaged in agriculture sector, while services sector employs relatively few workers.

How many of the above statements are correct?

Recently seen in the news, ‘Operation Green Hunt’ is best describe as:

Consider the following statements about Competition Commission of India (CCI):

1. It is established as a statutory body
2. It functions under the Ministry of Commerce and Industry.
3. The CCI can use its powers of enforcement only after the anti-competitive conduct has occurred.

How many of the above statements are correct?

With reference to India-Russia relations, consider the following statements:

1. Recently, both the countries have agreed to increase the bilateral trade to 100 dollar within next five years.
2. Currently, India-Russia bilateral trade is less than $50 billion because of the oil sanctions by the U.S.A and Europe on Russia.
3. The Prime Minister of India has been officially awarded the 'Order of St. Andrew the Apostle' in his recent visit to Russia.

How many of the above statements are correct?