Daily Current Affairs Quiz With Answers : 22 Jun 2024

Ques:1

What is the primary purpose of an Infrastructure Investment Trust (InvIT)?

a) To provide short-term loans to small businesses. b) To invest in real estate properties and generate rental income. c) To pool funds from investors and finance long-term infrastructure projects. d) To trade stocks and bonds on behalf of individual investors.

Ques:2

ULIPs (Unit Linked Insurance Plans) are a type of insurance product in India. What is a key characteristic that differentiates ULIPs from traditional life insurance plans?

a) ULIPs offer a guaranteed minimum return on your investment. b) ULIPs provide life insurance coverage only. c) ULIPs invest a portion of your premium in market-linked funds. d) ULIPs have no charges associated with the policy.

Ques:3

**Recently, ‘Vijay Madanlal Choudhary and Others v. Union of India and Others’ case was in the news. It is related to which one of the followings?**

a) Reconducting the NEET medical entrance examination b) Examining various provisions of Prevention of Money Laundering Act c) Anti-Defection Law d) Using ballot papers in General Elections

Ques:4

Recently, ‘Claude 3.5 Sonnet’ was in the news. Which one of the followings best describe it?

a) It is a large language model (LLM), and is part of the family of LLMs which is being developed by Anthropic. b) It is a unique cube satellite that is being developed by NASA to self-diagnose itself in the space. c) It is an immersive gaming platform being developed for especially abled kids in India by a private firm. d) It is the mega supercomputer being developed by IBM.

Ques:5

Which two rivers form the boundaries between Moldova-Ukraine and Moldova-Romania respectively?

Ques:6

Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)?

It decides the RBI’s benchmark interest rates.

It is a 12-member body including the Governor of RBI and is reconstituted every year.

Reappointments to the committee is permitted.

Select the correct answer using the codes given below.

Ques:7

What is the key difference between repo rate and reverse repo rate?

a) Repo rate is the rate at which commercial banks borrow from the central bank, while reverse repo rate is the rate at which central bank borrows from commercial banks. b) Repo rate is the rate at which central bank borrows from commercial banks, while reverse repo rate is the rate at which commercial banks borrow from the central bank. c) Repo rate and reverse repo rate are two different names for the same interest rate set by the central bank. d) Repo rate and reverse repo rate are used interchangeably depending on the economic conditions.

Ques:8

Which of the following statements accurately describes a Non-Banking Financial Company (NBFC)?

a) NBFCs can accept demand deposits like banks. b) NBFCs are regulated by the Reserve Bank of India (RBI). c) NBFCs are authorized to issue checks and drafts similar to commercial banks. d) NBFCs are required to maintain Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) like commercial banks.

Ques:9

What is the primary mechanism of action of potassium-competitive acid blockers (P-CABs) in the treatment of acid-related disorders?

a) Inhibiting the H+/K+ ATPase pump on gastric parietal cells. b) Blocking histamine H2 receptors on gastric parietal cells. c) Increasing the production of mucosal protective factors in the stomach. d) Neutralizing gastric acid through direct chemical reaction.

Ques:10

What distinguishes coking coal from thermal coal?

a) Carbon content and usage b) Sulphur content and geographic origin c) Volatile matter and combustion properties d) Moisture content and environmental impact

22-Jun-24: UPSC Current Affairs Daily Quiz With Answers