UPSC PRELIMINARY MOCK TEST 86

 

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UPSC PRELIMINARY MOCK TEST 86

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Question 1
17. Consider the following statement with reference to International Renewable Energy Agency (IRENA):
  1. It is a UN agency
  2. The International Renewable Energy Agency (IRENA) is an intergovernmental association.
  3. IRNEA is headquartered in Abu Dhabi.
Choose the correct answer.
A
1 and 3
B
Only 2
C
2 and 3
D
Only 3


Question 1 Explanation: 
International Renewable Energy Agency (IRENA): The International Renewable Energy Agency (IRENA) is an intergovernmental association to advance reception and practical utilization of sustainable power source. The organization is headquartered in Abu Dhabi.
Question 2
Anthurium, sometimes mentioned in the news, is related to
A
The genus is native to the tropical areas of India.
B
It remove harmful airborne chemicals like formaldehyde, ammonia, toluene, xylene, and allergens.
C
It also adversely affect the germination and growth of the native species.
D
All of the above


Question 2 Explanation: 
  • Anthurium is one of the best domestic flowering plants in the world.
  • It purifies the surrounding air and remove harmful airborne chemicals like formaldehyde, ammonia, toluene, xylene, and allergens.
  • NASA has placed it in the list of air purifier plants.
  • Why in News?
    • D Vasini Bai, a women innovator from Thiruvananthapuram, Kerala, has developed 10 varieties of Anthurium.
    • National Innovation Foundation-India (NIF) has facilitated mass multiplication and large scale production of four highly demanded varieties through tissue culture technique at the Indian Institute of Horticultural Research (IIHR), Bangalore, for the diffusion of the varieties in similar agro-climatic zones of the country.

Refer: Facts for Prelims: "

Question 3
Recently Operation Sankalp has been in news for sometimes is primarily related to
A
Safety and security of the Indian vessels
B
Framework for Actions on Marine Plastics Litter
C
Environment conservation initiative launched by the Indian Army
D
Nationwide Environmental Literacy Drive


Question 3 Explanation: 

Indian Navy launched Operation Sankalp in the Persian Gulf and the Gulf of Oman to reassure Indian flagged vessels transiting through the area following the recent maritime incidents in the region "

Question 4
Consider the following statements about Masala bonds, recently in the news:
  1. These are issued by Indian firms in dollar denomination to attract funds from abroad so as to bypass the problem of volatility of the Indian rupee.
  2. The International Finance Corporation was the first to issue a 'Green Masala Bond', meant to address climate change in India.
Which of the statements given above is/are correct?
A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2


Question 4 Explanation: 

August, 2015 ( IFC ) - IFC issued a 5-year green Masala bond on the London Stock Exchange, the first green bond issued in the offshore rupee markets. The bond raised 3.15 billion rupees for private sector investments that address climate change in India. The IFC green Masala bond is issued under IFC's $3 billion offshore rupee Masala bond program.

FE: What are Masala Bonds? :

Masala bonds are the bond which are issued by the Indian firms (in rupee denomination) to foreign investors with an aim to attract funds for projects. The Indian firms have since long availed loans in international credit markets in different foreign currencies. However, a risk is always attached with such borrowings including risk of having to pay more while repaying its debt, or while servicing the interest on such borrowings if the rupee weakened.

The demand for masala bonds from offshore investors is generally driven by the stability of the rupee. In an environment where the rupee is under pressure, the foreign investor are unlikely to increase portfolio of rupee-denominated assets.

When masala bonds are issued in the foreign markets, the risk gets transferred to the investors who subscribe to them, taking into account the growth prospects of the country and the issuing company as well as the strength of the rupee. From the issuer's perspective, it means cheaper borrowings compared to raising funds in India besides diversifying its sources of fund-raising.

In the news: TH ; "

Question 5
Consider the following statements: 1] The Daroji Sanctuary is located in Ballari district in Karnataka. 2] The sanctuary was created exclusively for the preservation of the Indian Sloth Bear. Which of the following statements is/are correct?
A
1 Only
B
2 Only
C
Both 1 and 2
D
Neither 1 nor 2


There are 5 questions to complete.

 

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