UPSC PRELIMINARY MOCK TEST 244
Click on any option to know the CORRECT ANSWERS
- PMS contain platinum, gold, and silver.
- Many such PMS deposits are associated with hydrothermal vents which host thriving biological communities.
Both 1 and 2
Neither 1 nor 2
- "Deep seabed Poly-Metallic Sulphides (PMS) containing iron, copper, zinc, silver, gold, platinum in variable constitutions are precipitates of hot fluids from upwelling hot magma from deep interior of the oceanic crust discharged through mineralized chimneys. PMS in the Ocean Ridges have attracted worldwide attention for their long term commercial as well as strategic values."
- Point to note: The ISA website does not mention Platinum as one of its constituents. But since PIB and some newspapers include the metal, consider it to be one constituent of PMS.
- The next question on 'Chemosynthesis' is associated with this point: "More than 350 sites of high-temperature hydrothermal vents and about two hundred sites of significant massive sulphide accumulation have been identified since the discovery of black smokers in 1978-79. Most of these deposits are associated with the mid-ocean ridges, backarc environments, submarine volcanic arcs and in basins near volcanic arcs. Unusually high temperature and thriving biological communities are most conspicuous of the vents phenomenon."
- They are always public sector undertakings with a huge consumer base.
- Their failure would cause significant disruption to the wider financial system and economic activity.
- In India, the State Bank of India is the only entity which has been identified by the Reserve Bank of India as a Domestic Systemically Important Banks (DSIBs).
1 and 3 only
2 and 3 only
1, 2 and 3
Statement 2 is correct. Financial Stability Board (FSB) refers Systemically Important Financial Institutions (SIFIs) as institutions "whose distress or disorderly failure, because of their size, complexity and systemic interconnectedness, would cause significant disruption to the wider financial system and economic activity".
Statement 3 is incorrect. Recently, the Reserve Bank of India (RBI) said that it has identified private bank HDFC Bank as Domestic Systemically Important Bank or D-SIB. HDFC is the third in RBI's domestic important banks' list after state-run SBI and ICICI which were included in 2015.
D-SIB is also referred as Domestic Systemically Important Bank. These are those banks which are - in domestic market - big in size and have the potential to disrupt the financial stability in case they fail.
- Wi-Fi Calling is beneficial especially for areas where cellular networks are not strong.
- It uses high speed Internet connection, available via broadband, to make and receive high definition (HD) voice calls.
- Users must subscribe to this service by paying the amount prescribed by the service provider.
1, 2, 3
The Wi-Fi calling service uses high speed internet connection offered by broadband network to allow users make and receive high definition (HD) voice calls. It works similar to WhatsApp calls. Similar to the voice calling apps, Wi-Fi calling allows users to make phone calls, but it doesn't require them to install an application for it. The service also doesn't charge the user and consumes very minimal data.
Both 1 and 2
Neither 1 and 2
Statement 2: The Delhi Metro Railway Corporation (DMRC) has become the world's first completely 'green' Metro system for adhering to green building norms for its residential colonies. In this regard, Delhi Metro has secured the platinum rating for adherence to green building norms for its 10 residential colonies.
- The committee seeks bring transparency and accountability in fixing India's Monetary Policy.
- The committee is not answerable to the Government of India.
Both 1 and 2
Neither 1 nor 2
The committee is answerable to the Government of India if the inflation exceeds the range prescribed for three consecutive months. Thus, statement 2 is false.
The Monetary Policy Committee of India is a committee of the Reserve Bank of India that is responsible for fixing the benchmark interest rate in India. The committee comprises of six members - three officials of the Reserve Bank of India and three external members nominated by the Government of India. The Governor of Reserve Bank of India is the chairperson ex officio of the committee.