UPSC QUIZ 02.08.2023

Q1. Consider the following statements related to Market Development Fund (CDMDF):

1. Securities and Exchange Board of India (SEBI) announced the establishment of the Corporate Debt Market Development Fund (CDMDF).

2. This fund, regulated by SEBI, is designed to function as a ‘backstop facility,’ providing support during stressed market conditions by purchasing investment-grade corporate debt securities.

Which of the above statement/statements are correct?

Q2. Consider the following statements:

1. Ministry of Electronics and Information Technology (MeitY) of India and the Ministry of Information and Communication Technology (MICT) of Papua New Guinea have taken a significant step towards digital transformation by signing a Memorandum of Understanding (MoU) to share India Stack.

2. Earlier in June 2022, India had already signed MoUs with four countries namely Armenia, Sierra Leone, Suriname, and Antigua & Barbuda to share India Stack, showcasing the growing interest and acceptance of the initiative on a global scale.

3. Papua New Guinea is an island country located in the south-western Pacific. It shares land borders with Indonesia and water border with Australia, and the Solomon Islands.

Which of the statements given above is/are correct?

Q3. Consider the following statements:

1. Jan Vishwas (Amendment of Provisions) Bill, 2023 was passed in Lok Sabha during the monsoon session and aims at giving a boost to Ease of Living and Ease of Doing Business.

2. The Bill proposes to amend 283 provisions in 42 Central Acts administered by 19 Ministries/Departments, covering various domains such as environment, agriculture, media, industry, trade, information technology, copyright, motor vehicles, cinematography, food safety, etc.

Which of the above statement/statements are correct?

Q4. Consider the following statements:

1. Cinematograph (Amendment) Bill - 2023 was passed in the Rajya Sabha.

2. The Cinematograph Act - 1952 needed to be amended for several reasons such as - to harmonize the law with various executive orders, judgments of the Supreme Court and other legislations.

3. Reforms in the process of licensing films for public exhibition by the CBFC.

Which of the statements given above is/are correct?

Q5. Consider the following statements:

1. Five years ago, scientists discovered and revived two frozen creatures, microscopic nematodes, in Siberia.

2. A recent study published in the journal PLOS Genetics reveals important findings about these ancient creatures, showing that these worms are 36,000 years old.

Which of the above statement/statements are correct?