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 regarding Paris Agreement.
Assertion (A): The Paris Agreement represents a shift from a top-down legally binding model to a bottom-up approach.
Reason (R): It allows countries to voluntarily determine their emission targets through Nationally Determined Contributions (NDCs).
Which one of the following is correct in respect of the above statements?
Correct
Solution: A
The Paris framework replaced the Kyoto Protocol’s top-down model (with fixed targets for developed nations) with a bottom-up structure, empowering each nation to define its own NDCs reflecting domestic priorities and capabilities. This decentralised model encourages universal participation while respecting sovereignty and equity. Therefore, both A and R are correct, and R provides the correct explanation of A.
Incorrect
Solution: A
The Paris framework replaced the Kyoto Protocol’s top-down model (with fixed targets for developed nations) with a bottom-up structure, empowering each nation to define its own NDCs reflecting domestic priorities and capabilities. This decentralised model encourages universal participation while respecting sovereignty and equity. Therefore, both A and R are correct, and R provides the correct explanation of A.
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Question 2 of 5
2. Question
What is the fundamental difference between the classification of “Rare Earth Elements” (REEs) and “Critical Minerals”?
Correct
Solution: B
- Option (b) is the most accurate. Rare Earth Elements (REEs) is a scientific classification based on chemistry. It refers to 17 specific metallic elements (the 15 lanthanides, plus scandium and yttrium) that share similar properties and are often found together in geological deposits. Critical Minerals is an economic and strategic classification. This list is defined by a government or organisation based on two criteria: 1) How important the mineral is to the economy and national security (e.g., for EVs, defence, solar panels), and 2) How vulnerable its supply chain is to disruption (due to geopolitical concentration, lack of domestic production, etc.).
Incorrect
Solution: B
- Option (b) is the most accurate. Rare Earth Elements (REEs) is a scientific classification based on chemistry. It refers to 17 specific metallic elements (the 15 lanthanides, plus scandium and yttrium) that share similar properties and are often found together in geological deposits. Critical Minerals is an economic and strategic classification. This list is defined by a government or organisation based on two criteria: 1) How important the mineral is to the economy and national security (e.g., for EVs, defence, solar panels), and 2) How vulnerable its supply chain is to disruption (due to geopolitical concentration, lack of domestic production, etc.).
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Question 3 of 5
3. Question
Consider the following statements regarding BRICS Pay.
Statement-I: BRICS Pay is positioned as a strategic initiative to reduce dependency on the US dollar for cross-border settlements among member nations.
Statement-II: The BRICS Pay architecture facilitates direct settlements among member nations using their local currencies, bypassing traditional dollar-denominated financial intermediaries.
Which one of the following is correct in respect of the above statements?
Correct
Solution: A
- Statement-I is correct. A primary geopolitical and economic goal of BRICS Pay is to challenge the dominance of the US dollar in global trade and finance, thereby enhancing the financial sovereignty of the member nations. This dependency makes them vulnerable to US monetary policy and sanctions.
- Statement-II is also correct. The core mechanism by which BRICS Pay achieves the goal in Statement-I is by enabling direct settlements in local currencies. By connecting national payment systems (like UPI, CIPS, SPFS, and Pix), it allows, for example, an Indian merchant to be paid in Rupees by a Russian buyer paying in Rubles, without needing to convert both currencies to USD as an intermediary step.
Therefore, Statement-II provides the precise technical and financial mechanism (local currency settlement) that directly explains how Statement-I (reducing dollar dependency) is achieved.
Incorrect
Solution: A
- Statement-I is correct. A primary geopolitical and economic goal of BRICS Pay is to challenge the dominance of the US dollar in global trade and finance, thereby enhancing the financial sovereignty of the member nations. This dependency makes them vulnerable to US monetary policy and sanctions.
- Statement-II is also correct. The core mechanism by which BRICS Pay achieves the goal in Statement-I is by enabling direct settlements in local currencies. By connecting national payment systems (like UPI, CIPS, SPFS, and Pix), it allows, for example, an Indian merchant to be paid in Rupees by a Russian buyer paying in Rubles, without needing to convert both currencies to USD as an intermediary step.
Therefore, Statement-II provides the precise technical and financial mechanism (local currency settlement) that directly explains how Statement-I (reducing dollar dependency) is achieved.
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Question 4 of 5
4. Question
Consider the following statements:
Statement I: The Reserve Bank of India (RBI) publishes the Financial Stability Report (FSR) annually.
Statement II: The FSR provides an assessment of the risks to the stability of the Indian financial system.
Which one of the following is correct in respect of the above statements?
Correct
Solution: D
- Statement-I is incorrect. The Financial Stability Report (FSR) is not an annual publication. The RBI releases its FSR biannually (twice a year).
- Statement-II is correct. It is the RBI’s primary report for assessing the health and stability of the financial system, identifying risks from banking (like NPAs), financial markets, and the regulatory landscape.
Incorrect
Solution: D
- Statement-I is incorrect. The Financial Stability Report (FSR) is not an annual publication. The RBI releases its FSR biannually (twice a year).
- Statement-II is correct. It is the RBI’s primary report for assessing the health and stability of the financial system, identifying risks from banking (like NPAs), financial markets, and the regulatory landscape.
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Question 5 of 5
5. Question
Which of the following statements best describes the “Repairability Index” initiative launched by the Ministry of Consumer Affairs, Food & Public Distribution?
Correct
Solution: C
The Repairability Index (RI) launched by the Ministry of Consumer Affairs, Food & Public Distribution in India is designed to rate how repair-friendly electronic devices (initially smartphones and tablets) are. This is in line with the consumer-rights focus and sustainability agenda, not with energy consumption or subsidy schemes.
- The RI will provide a self-declared score by manufacturers based on criteria such as ease of disassembly, availability of spare parts, access to repair information, software update support, tools and fasteners.
- The score aims to empower consumers to compare products on how easily they can be repaired, thus promoting reuse over early replacement and reducing electronic waste.
Incorrect
Solution: C
The Repairability Index (RI) launched by the Ministry of Consumer Affairs, Food & Public Distribution in India is designed to rate how repair-friendly electronic devices (initially smartphones and tablets) are. This is in line with the consumer-rights focus and sustainability agenda, not with energy consumption or subsidy schemes.
- The RI will provide a self-declared score by manufacturers based on criteria such as ease of disassembly, availability of spare parts, access to repair information, software update support, tools and fasteners.
- The score aims to empower consumers to compare products on how easily they can be repaired, thus promoting reuse over early replacement and reducing electronic waste.
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