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Question 1 of 4
1. Question
Recently the Finance Ministry has welcomed____________decision to include Indian government bonds in its widely tracked Global Bond Index Emerging Markets Index (GBI-EM)’s that could potentially lower the country’s sovereign borrowing costs, help finance the current account deficit and free up liquidity for domestic financiers to deploy in more productive assets?
Correct
Answer:(D)
Explanation:
In a September 21 note, JP Morgan conveyed India’s inclusion into its emerging market bond indices from June 28, 2024, starting with a 1% exposure to 23 “index eligible” bonds with a combined notional value of $330 billion”. The bonds’ inclusion will be staggered over 10 months till March 2025 when the Indian securities are expected to reach their maximum weight of 10%.
The move may also trigger some appreciation of the rupee, which could prove a challenge as keeping it competitive is also important, and expose bond and currency markets to external turbulence, but on balance, the benefits outweigh such concerns.
Foreign ownership in the Indian government bonds market, reckoned to be the third-largest among emerging markets at $1.2 trillion, is less than 2%, one of the lowest among its peers. Higher foreign ownership will “relieve” the Indian financial system from having to be these bonds’ biggest buyers and lend that money for more productive purposes.
Incorrect
Question 2 of 4
2. Question
Consider the following statements
1.A Census after 2026 will become the basis of the next delimitation of Lok Sabha seats, which will involve inter-State redistribution of representation.
2.A 33% reservation for women in Parliament and Assemblies is linked to the 2026 Census and delimitation.
Correct
Answer:(D)
Explanation:
Constitution (One Hundred and Twenty-Eighth Amendment) Bill, 2023: “For implementation of the proposed reservation for women, a new Article 334-A is inserted into the constitution. It intends that after the Bill is enacted and after the Bill comes into operation, whenever the first census takes place and the relevant figures for that census are published, a fresh delimitation exercise shall be undertaken for providing the reservation,”
A Census after 2026 will become the basis of the next delimitation of Lok Sabha seats, which will involve inter-State redistribution of representation.
The proposed 33% reservation for women in Parliament and Assemblies is linked to the next Census (2026) and delimitation, which adds an additional import.
Incorrect
Answer:(D)
Explanation:
Constitution (One Hundred and Twenty-Eighth Amendment) Bill, 2023: “For implementation of the proposed reservation for women, a new Article 334-A is inserted into the constitution. It intends that after the Bill is enacted and after the Bill comes into operation, whenever the first census takes place and the relevant figures for that census are published, a fresh delimitation exercise shall be undertaken for providing the reservation,”
A Census after 2026 will become the basis of the next delimitation of Lok Sabha seats, which will involve inter-State redistribution of representation.
The proposed 33% reservation for women in Parliament and Assemblies is linked to the next Census (2026) and delimitation, which adds an additional import.
Question 3 of 4
3. Question
OSIRIS-Rex, which is currently winging its way towards the earth after a close encounter with Bennu, a near-earth asteroid (NEA), “is a cosmic detective,” of the following space agency?
Correct
Answer: (B)
Explanation:
Launched in 2016, the OSIRIS-Rex spacecraft completed a series of complex manoeuvres that included a return trip to the earth to use the planet’s gravitational pull for it to ‘slingshot’ itself back into space, with more speed.
NASA’s asteroid hunting spacecraft OSIRIS-Rex – short for Origins-Spectral Interpretation-Resource Identification-Security-Regolith Explorer – will drop a capsule containing pristine asteroid material in the Utah desert.
The asteroid belt between Mars and Jupiter is inhabited by thousands of space rocks, ranging in size from that of Ceres – the largest, with a width of more than 800 kilometres – to pint-sized stones. A part of the orbits of some of them bring them within 34 million kilometres of the sun, closer even than Mercury gets. Such eccentric orbits sometimes bring these quite close to the earth as well. This is what happened in 1937, when Hermes, a giant binary roid, zipped past the earth at less than twice the distance to the moon.
“Asteroids are like cosmic treasure troves, containing a mix of raw materials like metals, water, and even organic compounds,”. The astro-material brought back by OSIRIS-Rex,“may provide scientists with valuable insights into how planets formed, what materials were present in the early Solar System, and even how life on the earth might have originated.”
Incorrect
Answer: (B)
Explanation:
Launched in 2016, the OSIRIS-Rex spacecraft completed a series of complex manoeuvres that included a return trip to the earth to use the planet’s gravitational pull for it to ‘slingshot’ itself back into space, with more speed.
NASA’s asteroid hunting spacecraft OSIRIS-Rex – short for Origins-Spectral Interpretation-Resource Identification-Security-Regolith Explorer – will drop a capsule containing pristine asteroid material in the Utah desert.
The asteroid belt between Mars and Jupiter is inhabited by thousands of space rocks, ranging in size from that of Ceres – the largest, with a width of more than 800 kilometres – to pint-sized stones. A part of the orbits of some of them bring them within 34 million kilometres of the sun, closer even than Mercury gets. Such eccentric orbits sometimes bring these quite close to the earth as well. This is what happened in 1937, when Hermes, a giant binary roid, zipped past the earth at less than twice the distance to the moon.
“Asteroids are like cosmic treasure troves, containing a mix of raw materials like metals, water, and even organic compounds,”. The astro-material brought back by OSIRIS-Rex,“may provide scientists with valuable insights into how planets formed, what materials were present in the early Solar System, and even how life on the earth might have originated.”
Question 4 of 4
4. Question
The battle of Haifa which was in news recently is associated with the following below?
Correct
Answer: (A)
Explanation:
Every year on September 23, diplomats from India’s Embassy in Israel and Israeli government officials representing the municipality of the northern port city of Haifa gather at the Haifa War Cemetery to pay respects to the Indian soldiers who were killed and wounded in battle, on foreign soil.
Historical background
The Battle of Haifa was fought during World War I as a part of the Sinai and Palestine campaign, where the British Empire, the Kingdom of Italy and the French Third Republic, fought alongside the Arab Revolt, in opposition to the Ottoman Empire, the Austro-Hungarian Empire and the German Empire.
Though this war has historically gotten little attention in comparison to other battles during World War I, it was nonetheless significant because it had a long-term impact: it resulted in the Partition of the Ottoman Empire, leading to the eventual creation of the Republic of Turkey in 1923, and the subsequent creation of the Kingdom of Iraq in 1932, the Lebanese Republic in 1943, the Hashemite Kingdom of Jordan and the Syrian Arab Republic in 1946, and the State of Israel in 1948.
The Battle of Haifa
On September 23, the 5th Cavalry Division comprising the 13, 14 and 15 Cavalry Brigades were tasked with capturing Haifa. The 15 Cavalry Brigade comprised the Jodhpur Lancers and the Mysore and Hyderabad Lancers.
Haifa Day
With the Independence of India in 1947, the regiments of the erstwhile princely states like the Jodhpur Lancers, the Hyderabad Lancers and the Mysore Lancers eventually got merged with other regiments or were dissolved. “But Prime Minister Nehru had said we should have at least one of these regiments for ceremonial and sporting purposes. So in 1953, they raised a new cavalry regiment, and Jodhpur, Gwalior, Mysore, Hyderabad were merged into one and it is called the 61st Cavalry regiment, now based in Jaipur,”.Since then, the 61st Cavalry regiment has commemorated Haifa Day.
Incorrect
Answer: (A)
Explanation:
Every year on September 23, diplomats from India’s Embassy in Israel and Israeli government officials representing the municipality of the northern port city of Haifa gather at the Haifa War Cemetery to pay respects to the Indian soldiers who were killed and wounded in battle, on foreign soil.
Historical background
The Battle of Haifa was fought during World War I as a part of the Sinai and Palestine campaign, where the British Empire, the Kingdom of Italy and the French Third Republic, fought alongside the Arab Revolt, in opposition to the Ottoman Empire, the Austro-Hungarian Empire and the German Empire.
Though this war has historically gotten little attention in comparison to other battles during World War I, it was nonetheless significant because it had a long-term impact: it resulted in the Partition of the Ottoman Empire, leading to the eventual creation of the Republic of Turkey in 1923, and the subsequent creation of the Kingdom of Iraq in 1932, the Lebanese Republic in 1943, the Hashemite Kingdom of Jordan and the Syrian Arab Republic in 1946, and the State of Israel in 1948.
The Battle of Haifa
On September 23, the 5th Cavalry Division comprising the 13, 14 and 15 Cavalry Brigades were tasked with capturing Haifa. The 15 Cavalry Brigade comprised the Jodhpur Lancers and the Mysore and Hyderabad Lancers.
Haifa Day
With the Independence of India in 1947, the regiments of the erstwhile princely states like the Jodhpur Lancers, the Hyderabad Lancers and the Mysore Lancers eventually got merged with other regiments or were dissolved. “But Prime Minister Nehru had said we should have at least one of these regiments for ceremonial and sporting purposes. So in 1953, they raised a new cavalry regiment, and Jodhpur, Gwalior, Mysore, Hyderabad were merged into one and it is called the 61st Cavalry regiment, now based in Jaipur,”.Since then, the 61st Cavalry regiment has commemorated Haifa Day.