Current Affairs Quiz 13 January 2023
6. Consider the following statements regarding Deep Ocean Mission:
- It aims to explore deep ocean resources and develop deep-sea technologies for sustainable use of ocean resources.
- It is a Misson Mode Project to support “Blue Economy” initiatives.
- MATSYA 6000 is a project under Deep Ocean Mission.
- The Ministry of Earth Science is the nodal Ministry to implement the program.
Which of the statements given above is/are correct?
(A) 1, 2, and 3
(B) 2, 3 and 4
(C) 1, 3 and 4
(D) 1, 2, 3 and 4
Show Answer
Correct Answer: (D)
Explanation: All options are correct.
Why this question?
- Recently, a self-propelled manned submarine (MATSYA 6000) under Samudrayaan Mission (DOM) will carry three persons to a depth of 6000 meters for the exploration of deep-sea-resources.
7. World’s largest underground iron-ore mine is in which country
(A) Norway
(B) Sweden
(C) Russia
(D) Germany
Show Answer
Correct Answer: (C)
Explanation:
The Kiruna Mines is the largest underground iron-ore mine in the world. It is located in Sweden.
Why this question?
Recently, the biggest Rare Earth Elements deposits are discovered in Kiruna, Sweden.
8. Consider the following statements regarding Rare Earth Elements (REE):
- They are a set of 17 metallic elements.
- They all share some common properties like high electrical conductivity etc.
- REEs are fairly distributed across different regions of the world.
- The US has the world’s largest REE processing capacity.
- India has nearly 30% of the world’s REE reserve.
How many of the above-given statements are correct?
(A) 2
(B) 3
(C) 4
(D) 5
Show Answer
Correct Answer: (B)
Explanation:
Why this question?
- Recently, Sweden discovers the biggest Rare Earth Elements (REE) deposits in Europe.
Extra Information about REE
- 17 Metals include 15 lanthanoid elements (4f)and two d-block elements (Scandium and Yttrium).
- Although REEs are fairly distributed, their exploration is the most challenging part.
- China has nearly 80% of the world’s REE processing capacity.
- India has around 6% of the world’s REE reserve (rank 5) but produces only 1% of global REE output.
9. Consider the following statements regarding Credit Default Swaps (CDS):
- It is a financial derivative that allows an investor to swap or offset their credit risk with that of another investor.
- In CDS, buyer pay an ogoing premium and in exchange the seller agrees to pay the security value and interest payment if default occurs.
- It is used for speculation, hedging, or as a form of arbitrage.
Which of the statements given above is/are correct?
(A) 1 only
(B) 2 and 3 only
(C) 1 and 3 only
(D) 1, 2 and 3
Show Answer
Correct Answer: (D)
Explanation: All statements are correct.
Why this question?
- Recently, Securities and Exhange Board of India (SEBI) has allowed Alterntive Investment Funds (AIFs) to participate in CDS.
10. Shendurney Wildlife Sanctuary is located in which state:
(A) Kerala
(B) Tamil Nadu
(C) Andhra Pradesh
(D) Assam
Show Answer
Correct Answer: (A)
Explanation:
Why this question?
Few weeks ago, a rare butterfly species name “White Tufted Royal Butterfly” was spotted in Shendurney and Agasthyakoodam Wildlife Sanctuary.
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