[MISSION 2024] RTM(Revision through MCQs)- 2 December 2023

Ans: (b)

Explanation:

• The Model Code of Conduct is a set of guidelines issued by the Election Commission of India for the conduct of political parties and candidates during elections mainly with respect to speeches, polling day, polling booths, portfolios, election manifestos, processions, and general conduct. This set of norms has been evolved with the consensus of political parties who have consented to abide by the principles embodied in the said code in its letter and spirit.
• The Model Code of Conduct comes into force immediately on the announcement of the election schedule by the commission and stays till the finish of the electoral process.
• Its main purpose is to ensure that ruling parties, at the Centre and in the States, do not misuse their position of advantage to gain an unfair edge.

Refer: https://www.insightsonindia.com/2023/12/02/model-code-of-conduct-mcc-and-its-challenges/

Ans: (c )

Explanation: What is the Paris Club?

• The Paris Club (est. 1956, HQ: Paris (France)) is a group of officials from major creditor countries whose role is to find coordinated and sustainable solutions to the payment difficulties experienced by debtor countries. It provided financial assurances to the International Monetary Fund on Sri Lanka’s debt
• Objective: To find sustainable debt-relief solutions for countries that are unable to repay their bilateral loans.
• Members: 22 permanent members (all are a member of the OECD)
• India and China are not members. India acts as an ad-hoc participant

Refer: https://www.insightsonindia.com/2023/12/02/paris-club-group-of-creditors/

Ans: (c )

Explanation:

• The Global Bond Index (GBI) is a benchmark index designed to reflect the performance of government bonds issued by different countries globally. It provides investors with a way to track the overall performance of this segment of the bond market.

Refer: https://www.insightsonindia.com/2023/12/02/global-bond-index-gbi/

Ans: (d)

Explanation:

• Context: On the first day of COP 28, member countries unanimously agreed to operationalize a Loss and Damage (L&D) fund, aimed at compensating nations already facing the impacts of climate change.
• The fund, based at the World Bank but managed independently, has received commitments worth at least $450 million. L&D fund was first announced during COP27 in Sharm el-Sheikh (Egypt) in 2022.
• What is L&D?
  • It refers to the negative consequences arising from the unavoidable risks of climate change, like rising sea levels, prolonged heatwaves, species extinction, crop failures, etc
  • The L&D fund addresses the financial toll of climate change, estimated at over $1.5 trillion in 2022.

Refer: https://www.insightsonindia.com/2023/12/02/loss-and-damage-ld-fund/

Ans: (b)

Explanation:

• Context: The Indian Navy’s outreach initiative, MAHASAGAR, conducted its maiden edition as a virtual interaction between the Indian Chief of the Naval Staff, and heads of navies and maritime agencies from the Indian Ocean Region (IOR) littorals.
• Participating nations included several members of IORA such as Bangladesh, Comoros, Kenya, Madagascar, Maldives, Mauritius, Mozambique, Seychelles, Sri Lanka, and Tanzania. They emphasized the importance of harmonizing capacities in the IOR, aligning with India’s vision of SAGAR.

Refer: https://www.insightsonindia.com/2023/12/02/mahasagar/

Ans: (c)

Explanation:

Refer: https://www.insightsonindia.com/2023/12/02/mahasagar/

Ans: (c )

Explanation:

• Option A: This statement is incorrect. Destroyers are versatile warships but are not primarily designed for amphibious assaults. They are often used for anti-submarine warfare, missile strikes, and escort duties.
• Option B: This statement is incorrect. Frigates are generally smaller and less heavily armed than destroyers. They are often used for escorting other ships and conducting anti-submarine warfare.
• Option C: This statement is correct. Submarines use sonar (Sound Navigation and Ranging) for communication and navigation. Sonar allows submarines to “see” their surroundings using sound waves, as radio waves do not travel well underwater.
• Option D: This statement is incorrect. Aircraft carriers are not designed for anti-submarine warfare. They are large ships designed to carry and deploy military aircraft. Their primary role is power projection through air support.

Refer: https://www.insightsonindia.com/2023/12/02/asw-shallow-water-craft-csl-project/

Ans: (c )

Explanation:

• Context: Recently, India has voted in favour of a UN General Assembly draft resolution expressing deep concern over Israel’s failure to withdraw from the Syrian Golan Heights.
• The resolution called for Israel’s withdrawal from the occupied Syrian Golan to the June 4, 1967 line, emphasizing the hindrance of the occupation to achieving a just, comprehensive, and lasting peace in the region.
• The Golan Heights, spanning about 1,800 km2, is a basaltic plateau bordered by the Yarmouk River, the Sea of Galilee, Hula Valley, Mount Hermon, and Wadi Raqqad. It was captured by Israel from Syria during the 1967 Six-Day War.

Refer: https://www.insightsonindia.com/2023/12/02/golan-heights/

Ans: (c )

Explanation:

• Statement (1) is correct: RBI Governor and Deputy Governors are appointed by the Central Government.
• Statement (2) is incorrect: RBI ACt, 1934- The Central Government may from time to time give such directions to the Bank as it may, after consultation with the Governor of the Bank, consider necessary in the public interest.
• Statement (3) is correct: RBI Act- 1934 -SGovernor and in his absence the Deputy Governor nominated by him in this behalf, shall also have powers of general superintendence and direction of the affairs and the business of the Bank, and may exercise all powers and do all acts and things which may be exercised or done by the Bank.

Refer: UPSC CSE 2021

Ans: (b)

Explanation: In Economic Recession, the Government can:

• Decrease interest rate to make more room for borrowing
• Increase Government Spending
• Cut Tax rates to increase spending capacity of people

Refer: UPSC CSE 2021