[MISSION 2024] RTM(Revision through MCQs)- 1 August 2023

Ans: (a)

Explanation:

• Context: The Geographical Indications Registry granted the GI tag to three famous products from Tamil Nadu.
• Jaderi namakatti
• Kanniyakumari Matti banana
• Chedibutta saree

Refer: https://www.insightsonindia.com/2023/08/01/gi-tags-in-news/

Ans: (a)

Explanation:

• The rupee’s exchange rate vis-a-vis a particular currency, say the US dollar, tells us how many rupees are required to buy a US dollar. To buy (import) a US product or service, Indians need to first buy the dollars and then use those dollars to buy the product. The same holds true for Americans buying something from India.
• If the rupee’s exchange rate “falls”, it implies that buying American goods would become costlier. At the same time, Indian exporters may benefit because their goods now are more attractive (read cheaper) to the American customers.
• In a free-market economy, the exchange rate is decided by the supply and demand for rupees and dollars.
• Imagine that in the beginning, one rupee was equal to one dollar. After a year, Indians demand more dollars in comparison to Americans demanding the rupee. In such a case, the exchange rate will “fall” or “weaken” for rupee and “rise” or “strengthen” for dollar.
• However, in India, the exchange rate is not fully determined by the market. From time to time, the RBI intervenes in the foreign exchange (forex) market to ensure that the rupee “price” does not fluctuate too much or that it doesn’t rise or fall too much all at once.

Refer: https://www.insightsonindia.com/2023/08/01/indian-companies-can-soon-list-on-foreign-exchanges/

Ans: (b)

Explanation: Exchange Traded Funds (ETFs):

• Typically, an ETF mirrors a particular index, which means the group of stocks in the ETF would be similar to those in the index that it is benchmarked to.
• They are traded on stock exchanges like shares.
• Usually, ETFs are passive funds where the fund manager doesn’t select stocks on your behalf. Instead, the ETF simply copies an index and endeavours to accurately reflect its performance.
• In an ETF, one can buy and sell units at prevailing market price on a real time basis during market hours.

Refer: https://www.insightsonindia.com/2023/08/01/indian-companies-can-soon-list-on-foreign-exchanges/

Ans: (c )

Explanation:

• A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control.

Refer: https://www.insightsonindia.com/2023/08/01/indian-companies-can-soon-list-on-foreign-exchanges/

Ans: (c )

Explanation:

• The Corporate Debt Market Development Fund (CDMDF) was launched by SEBI to provide stability to the corporate bond market during times of stress.
• The CDMDF will be supported with 30,000 crore in the form of a guarantee from the National Credit Guarantee Trust Company and over Rs 3,000 crore from the mutual fund industry.

Refer: https://www.insightsonindia.com/2023/08/01/indian-companies-can-soon-list-on-foreign-exchanges/

Ans: (b)

Explanation:

• GOBARdhan Initiative
• Launched in 2018
• Full Form Galvanizing Organic Bio-Agro Resources Dhan (GOBARdhan)
• Aim To convert waste to wealth with the aim of promoting a circular economy.
• Nodal Ministry Department of Drinking Water and Sanitation, Ministry of Jal Shakti
• Part of Swachh Bharat Mission (Gramin) Phase II under Solid Waste Management.

Refer: https://www.insightsonindia.com/2023/08/01/gobardhan-initiative/

Ans: (b)

Explanation:

• Distributed ledger technology (DLT) and Block Chain technology:
• Distributed ledger technology (DLT) is a digital system for recording the transaction of assets in which the transactions and their details are recorded in multiple places at the same time.
• Unlike traditional databases, distributed ledgers have no central data store or administration functionality.
• Whether distributed ledger technologies, such as blockchain, will revolutionize how governments, institutions and industries work is an open question.
• Blockchain technology is a specific kind of DLT that came to prominence after Bitcoin, a cryptocurrency that used it, became popular.
• Cryptocurrencies such as Bitcoin use codes to encrypt transactions and stack them up in blocks, creating Blockchains. It is the use of codes that differentiates cryptocurrencies from other virtual currencies.

Refer: https://www.insightsonindia.com/2023/08/01/worldcoin/

Ans: (b)

Explanation:

• Cryptobiosis is a state in which an organism exhibits no visible signs of life and its metabolic activity becomes nearly undetectable or temporarily stops. During this state, organisms can survive without water, oxygen, or under extreme conditions. As metabolism is a key feature of life, cryptobiosis can be seen as a temporary “death” of the organism.

Refer: https://www.insightsonindia.com/2023/08/01/46000-year-old-worms-brought-back-to-life-from-siberian-permafrost/

Ans: (a)

Explanation:

• Statement A is true. Superconductors have zero electrical resistance at low temperatures. This is because the electrons in a superconductor are able to move through the material without any resistance, which allows for the flow of electricity without any loss of energy.
• Statement C is also true. Superconductors exhibit the Meissner effect, which means that they expel magnetic fields from their interior. This is because the magnetic field lines are unable to penetrate the superconductor, which creates a region of zero magnetic field around the superconductor.
• Statement B is false. Superconductors can function at a wide range of temperatures, from extremely low temperatures to relatively high temperatures. For example, the critical temperature of mercury is 4.2 K, while the critical temperature of niobium is 9.2 K.
• Statement D is false. Superconductors can be made from a variety of materials, including metals, non-metals, and even organic compounds. For example, the first superconductor to be discovered was made from mercury, which is a metal. However, there are also many non-metallic superconductors, such as cuprates and fullerenes.

Refer: https://www.insightsonindia.com/2023/08/01/room-temperature-superconductor/

Ans: (b)

Explanation:

• Context: Researchers have developed a new blood testing technology called GEMINI (Genome-wide Mutational Incidence for Non-Invasive Detection of Cancer) that uses genome-wide sequencing of single molecules of DNA combined with machine learning.
• This technology has the potential to enable earlier detection of lung and other cancers.

Refer: https://www.insightsonindia.com/2023/08/01/new-blood-testing-technology-called-gemini/