0 UPSC EXAM ENGLISH QUIZ 02.08.2024 Daily Quiz 1 / 5 Q1. Consider the following statements: 1. 'Report on Currency and Finance (RCF) for the year 2023-24' released by the Reserve Bank of India (RBI), India's digital economy is set to constitute 30% of the country's GDP by 2026, doubling its current contribution of 10%. 2. This significant growth projection underscores the transformative potential of digitalization in finance and its far-reaching impact on India's economy. Which of the above statement/statements are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Explanation: 'Report on Currency and Finance (RCF) for the year 2023-24' released by the Reserve Bank of India (RBI), India's digital economy is set to constitute 20% of the country's GDP by 2026, doubling its current contribution of 10%. This significant growth projection underscores the transformative potential of digitalization in finance and its far-reaching impact on India's economy. Report on Currency and Finance It is an annual publication of the RBI. The report covers various aspects of the Indian economy and financial system. The theme of the "Report is "India’s Digital Revolution." It focuses on the transformative impact of digitalization across various sectors in India, particularly in the financial sector. It highlights how digital technologies are reshaping economic growth, financial inclusion, public infrastructure, and the regulatory landscape, while also addressing the associated opportunities and challenges. 2 / 5 Q2. Consider the following statements: 1. Scientists have discovered unique breeding behaviour in the endemic Charles Darwin frog (Minervaria charlesdarwini) species in the Andaman Islands. 2. It belongs to the Dicroglossidae family, a large group of Asian frogs that contains over 320 species. 3. The frog is currently listed as 'vulnerable' on the IUCN Red List. Which of the statements given above is/are correct? 1 and 2 are correct 1 and 3 are correct 2 and 3 are correct All of the above Explanation: Scientists have discovered unique breeding behaviour in the endemic Charles Darwin frog (Minervaria charlesdarwini) species in the Andaman Islands. Family: It belongs to the Dicroglossidae family, a large group of Asian frogs that contains over 220 species. IUCN status: The frog is currently listed as 'vulnerable' on the IUCN Red List. Key Features They are named in honour of the famous naturalist Charles Darwin. These frogs lay their terrestrial eggs over water and lie upside down on tree cavity walls during breeding, possibly as an adaptation to habitat loss. Due to fragmented forest habitat, they now use artificial objects such as plastic bags as breeding sites. 3 / 5 Q3. Consider the following statements: 1. India took over as Chair of the Asian Disaster Preparedness Centre (ADPC) for 2024-25, playing a pivotal role in global and regional Disaster Risk Reduction (DRR). 2. ADPC is an autonomous international organisation focused on disaster risk reduction and climate resilience in Asia and the Pacific region. Which of the above statement/statements are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Explanation: India took over as Chair of the Asian Disaster Preparedness Centre (ADPC) for 2024-25, playing a pivotal role in global and regional Disaster Risk Reduction (DRR). ADPC is an autonomous international organisation focused on disaster risk reduction and climate resilience in Asia and the Pacific region. It was founded by India and eight neighboring countries: Bangladesh, Cambodia, China, Nepal, Pakistan, Philippines, Sri Lanka, and Thailand. India has taken over this chairmanship from China, which was the chairman of this Asian Disaster Preparedness Center in the year 2023-24. As a representative of the Government of India, Rajendra Singh, Head of the Department of National Disaster Management Authority, has assumed the chairmanship of the Asian Disaster Preparedness Center. Rajendra Singh has also chaired the 5th Board of Trustees meeting of the Asian Disaster Preparedness Center held on 25 July 2024 in Bangkok. 4 / 5 Q4. Consider the following statements: 1. The 46th session of the UNESCO World Heritage Committee has added 24 new heritage sites from across the world to the UNESCO (United Nations Educational, Scientific and Cultural Organization) Heritage List. 2. India hosted the UNESCO World Heritage Committee for the first time in New Delhi from 21-31 July 2024. 3. Prime Minister Narendra Modi announced $1 million assistance to the UNESCO World Heritage Centre to support conservation projects in developing countries and enhance capacity-building initiatives. Which of the statements given above is/are correct? 1 and 2 are correct 1 and 3 are correct 2 and 3 are correct All of the above Explanation: The 46th session of the UNESCO World Heritage Committee has added 24 new heritage sites from across the world to the UNESCO (United Nations Educational, Scientific and Cultural Organization) Heritage List. India hosted the UNESCO World Heritage Committee for the first time in New Delhi from 21-31 July 2024. Prime Minister Narendra Modi inaugurated the UNESCO World Heritage Committee meeting on 21 July in the presence of UNESCO Director-General Audrey Azoulay. The closing ceremony was addressed by Union Culture and Tourism Minister Gajendra Singh Shekhawat on 30 July 2024. Prime Minister Narendra Modi announced $1 million assistance to the UNESCO World Heritage Centre to support conservation projects in developing countries and enhance capacity-building initiatives. 5 / 5 Q5. Consider the following statements: 1. With $120 million in new funding from WestBridge, Rapido became a unicorn. 2. Unicorn means a privately owned startup valued at more than $1 billion and Rapido competes strongly with players like Ola, Uber and Namma Traveller. Which of the above statement/statements are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Explanation: Rapido has become a unicorn after raising approximately $120 million (₹1,000 crores) in its most recent Series E investment round from its existing investor WestBridge Capital. This is because Rapido can expand its auto and cab services to new cities across India. Unicorn means a privately owned startup valued at more than $1 billion and Rapido competes strongly with players like Ola, Uber and Namma Traveller. Now, Rapido wants to use the fresh funding to develop its tech stack and expand into new markets, which were previously dominated by Ola and Uber. In 2015, Rapido was founded by Arvind Sanka, Pawan Guntupalli and Rishikesh SR. Rapido is the third company to become a unicorn this year, after Perfeos and Ola founder Bhavish Aggarwal's Krutrim AI. In 2023, there were only two new unicorns—Zepto and InCred Wealth. Your score is LinkedIn Facebook Twitter VKontakte Post navigation ALL EXAM QUIZ 02.08.2024 ALL EXAM QUIZ 03.08.2024
