July 2022: Week – 4

July 2022: Week – 4 (Date : 24-07-2022)

Question 1:

Consider the following countries:

1. Russia
2. Estonia
3. Latvia
4. Lithuania
5. Poland
6. Ukraine
7. Hungary

Which of the above have borders with Belarus?

1. 1, 2, 3 and 6 only

2. 1, 3, 4, 5 and 6 only

3. 2, 3, 4 and 5 only

4. 3, 4, 5, 6 and 7 only

Correct Answer : 2

Explanation

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 Hence, option B is correct.

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Question 2:

Consider the following statements regarding ‘Reserve Bank of India’:

1. It was established in 1935, in accordance with the provisions of the Reserve Bank of India Act,
1934.
2. The current accounts of the banks are opened by the Banking Departments of the Reserve Bank’s
Regional offices.
3. RBI is entrusted with the responsibility of conducting monetary policy in India, under the Reserve
Bank of India Act 1934.

Which of the statements given above is/are correct?

1. 1 only

2. 1 and 2 only
 3. 3 only

4. 1, 2 and 3

Correct Answer : 4

Explanation

The Reserve Bank of India was established on April 1, 1935 in accordance with the
provisions of the Reserve Bank of India Act, 1934. Hence, statement 1 is correct.
Banks are required to maintain a portion of their demand and time liabilities as cash reserves with
the Reserve Bank. For this purpose, they need to maintain their current account with the Reserve
Bank. The current accounts of the banks are opened by the Banking Departments of the
Reserve Bank’s Regional offices. Hence, statement 2 is correct.
Under the Reserve Bank of India, Act,1934 (RBI Act,1934) (as amended in 2016), RBI is entrusted
with the responsibility of conducting monetary policy in India with the primary objective of
maintaining price stability while keeping in mind the objective of growth. Hence, statement 3 is
correct.
Hence, option D is correct.

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Question 3:

Consider the following statements regarding “Cryptocurrency”:

1. It is supported by a decentralized peer-to-peer network called the blockchain.

2. The Reserve Bank of India (RBI) has recommended a ban on cryptocurrencies.

Which of the above statements is/are correct?

1. 1 only

2. 2 only

3. Both 1 and 2

4. Neither 1 nor 2

Correct Answer : 3
Explanation

Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists
digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have
central issuing or regulating authority, instead using a decentralized system to record transactions
and issue new units.
It is supported by a decentralized peer-to-peer network called the blockchain. Hence,
statement 1 is correct.
Citing ‘destabilising effects’ for the country’s monetary and fiscal health, the Reserve Bank of India
(RBI) has recommended a ban on cryptocurrencies. Hence, statement 2 is correct.

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Question 4:

Consider the following statements about ‘Sendai Framework’:

1. It is related to environmental, technological and biological hazards and risks.

2. It was endorsed by the UN General Assembly in 2015.

Which of the statements given above is/are correct?

1. 1 only

2. 2 only

3. Both 1 and 2

4. Neither 1 nor 2

Correct Answer : 3

Explanation

It was adopted at the Third United Nations World Conference on Disaster Risk Reduction,
held in Sendai, Miyagi, Japan.
The present Framework applies to the risk of small-scale and large-scale, frequent and
infrequent, sudden and slow-onset disasters caused by natural or man-made hazards, as
well as related environmental, technological and biological hazards and risks. Hence,
statement 1 is correct.
It was adopted by the United Nations General Assembly during the 2015 Third UN World
Conference on Disaster Risk Reduction (WCDRR). Hence, statement 2 is correct.
It is the successor instrument of the Hyogo Framework for Action (HFA) 2005-2015: Building
Nations' and Communities' Resilience to Disasters.
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Question 5:

Consider the following statements about ‘Confederation of Indian Industry Exim Bank Conclave (CII EBC)
on India-Africa Growth Partnership’:

1. It was launched by the Ministry of External Affairs and the Ministry of Commerce & Industry.
2. This conclave has encouraged companies looking for business opportunities beyond Government
of India's Lines of Credit.

Which of the statements given above is/are correct?

1. 1 only

2. 2 only

3. Both 1 and 2

4. Neither 1 nor 2

Correct Answer : 3

Explanation

The 17th Confederation of Indian Industry (CII) Exim Bank Conclave on India-Africa
Growth Partnership, India has emphasized upon the need for a trade and investment
agreement between India and Africa.
It was launched in the year 2005 with the support of the Ministry of External Affairs and the
Ministry of Commerce & Industry. Hence, statement 1 is correct.
The International Solar Alliance is a notable platform that has promoted the rapid development
of clean energy technologies.
This conclave has encouraged companies looking for business opportunities beyond Government
of India's Lines of Credit. Hence, statement 2 is correct.

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Question 6:

Consider the following statements:

 1. Green Pit Vipers is a neurotoxic venomous snake.
2. Neurotoxic venom prevents blood from clotting and leads to internal bleeding.

Which of the statements given above is/are correct?

1. 1 only

2. 2 only

3. Both 1 and 2

4. Neither 1 nor 2

Correct Answer : 4

Explanation

Green pit viper is a hemotoxic venomous snake. Hence, statement 1 is not correct.
The antivenom available in India cannot counter the venom of the green pit viper.
The antivenom is derived from the “Big Four” snakes in India namely Russell’s viper, Common
Krait, Indian Cobra and Saw-scaled viper.
A hemotoxic venom prevents blood in the body from clotting resulting in internal bleeding. Hence,
statement 2 is not correct.
Snakes that inject neurotoxic venom impact animal’s nervous systems causing muscle paralysis,
damage to the brain, and loss of consciousness.
Neurotoxins are substances that attack the central nervous system. They prevent muscles from
functioning, resulting in asphyxia.

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Question 7:

Consider the following statements regarding Waste-Water Based Surveillance for Covid-19:

1. It will enable us to spot the temporal dynamics in the viral load in drainage water.
2. The researchers have observed that most of the virus comes from fecal samples.

Which of the statements given above is/are correct?

1. 1 only

2. 2 only
 3. Both 1 and 2

4. Neither 1 nor 2

Correct Answer : 3

Explanation

The aim of waste-water based surveillance for Covid-19 is to develop a protocol and standard
operating procedures to spot the temporal dynamics in the viral load in drainage water.
Hence statement 1 is correct.
The researchers hope to hand it over to the industry, who can then act as service providers.
Trends of increasing or decreasing viral load can be seen even before the Covid waves arrive.
The majority of the virus, according to the experts, comes from fecal samples. Hence,
statement 2 is correct.

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Question 8:

Consider the following statements regarding “Gaganyaan”:

1. The Gaganyaan system module, called the Orbital Module will have three Indian astronauts,
including a woman.
2. It will be launched by GSLV Mk III.
3. It will circle Earth at a high-earth-orbit.

Which of the statements given above is/are correct?

1. 1 and 2 only

2. 2 and 3 only

3. 3 only

4. 1, 2 and 3

Correct Answer : 3

Explanation
 Indian Space Research Organisation (ISRO) will conduct two unmanned 'Abort Mission' in 2022 to
ensure crew safety during the Gaganyaan mission.
Gaganyaan is a mission by the Indian Space Research Organisation (ISRO).
Under the Gaganyaan schedule (to be launched in 2023):
Three flights will be sent into orbit.
There will be two unmanned flights and one human spaceflight.
The Gaganyaan system module, called the Orbital Module will have three Indian astronauts,
including a woman. Hence, statement 1 is correct.
GSLV Mk III, also called the LVM-3 (Launch Vehicle Mark-3,) the three-stage heavy lift launch
vehicle, will be used to launch Gaganyaan as it has the necessary payload capability. Hence,
statement 2 is correct.
It will circle Earth at a low-earth-orbit at an altitude of 300-400 km from earth for 5-7 days. Hence,
statement 3 is not correct.

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Question 9:

Consider the following statements regarding the major ports of India:

1. India's latest major port is Vadhavan port, being developed on the landlord model.
2. Kamarajar Port is located on the coast of Andhra Pradesh.

Which of the statements given above is/are correct?

1. 1 only

2. 2 only

3. Both 1 and 2

4. Neither 1 nor 2

Correct Answer : 1

Explanation

According to the Ministry of Ports, Shipping and Waterways, around 95% of India's trading by
volume and 68% by value is done through maritime transport. It is serviced by 13 major ports
(12 Government-owned and one private).
Vadhavan Port will be the 13th major port in India. The port will be developed on
the landlord model. Hence statement 1 is correct.
A special purpose vehicle (SPV) will be formed with Jawaharlal Nehru Port Trust (JNPT) as
the lead partner, with equity participation equal to or more than 50% to implement the
project.
Currently, India has 12 major ports at Deendayal (erstwhile Kandla), Mumbai, JNPT,
 Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (earlier Ennore), VO
Chidambaranar, Visakhapatnam, Paradip and Kolkata (including Haldia). Vadhavan Port will
be the 13th major port.
Kamarajar Port Limited, formerly Ennore Port, is located on the Coromandel Coast,
Chennai about 18 km north of Chennai Port at the coast of Tamil Nadu. The Kamarajar Port
Limited is the only corporatised major port and is registered as a company. Hence
statement 2 is not correct.

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Question 10:

Consider the following statements regarding the “Global Innovation Index (GII)”:

1. It is launched by the World Intellectual Property Organization (WIPO).

2. India has shown upward trend in GII Rankings from 2015 to 2021.

Which of the statements given above is/are not correct?

1. 1 only

2. 2 only

3. Both 1 and 2

4. Neither 1 nor 2

Correct Answer : 4

Explanation

The GII is launched by the World Intellectual Property Organization (WIPO), a specialized agency of
the United Nations. Hence, statement 1 is correct.
It aims to capture the multi-dimensional facets of innovation ranking and rich analysis
referencing around 132 economies.
India has shot up from a rank of 81 in 2015 to 46 in 2021 and has been on an upward trajectory
over the past few years in the GII. Hence, statement 2 is correct.
India performs better in innovation outputs than innovation inputs in 2021.
In 2021, India ranked 57th in innovation inputs, the same as last year but higher than 2019.
As for innovation outputs, India ranked 45th. This position was the same as last year
but higher than 2019.
India ranked 2nd among the 34 lower middle-income group economies.
India ranked 1st among the 10 economies in Central and Southern Asia.

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