Q1. Consider the following statements and choose the incorrect option:
- An Interest Rate Derivative (IRD) is a contract whose value is derived from one or more interest rates or interest rate indices.
- An interest rate swap is a forward contract in which one stream of future interest payments is exchanged for another based on a specified principal amount.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q2. “Akatsuki”, recently in news is:
- A United Arab Emirates’ satellite on a mission to orbit the planet Mars.
- A Japanese space probe tasked to study the atmosphere of Venus.
- China’s latest mission to study the atmosphere of Mars.
- The mission of NASA to map the entire surface of Venus.
Q3: With reference to Living Planet Index, consider the following statements and choose the correct option:
- It is released by the Zoological Society of London.
- It is a measure of the state of the world’s biological diversity based on population
trends of vertebrate species in terrestrial habitats only.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q4: On which of the following rivers Mekedatu Project is located?
- Tungabhadra
- Cauvery
- Krishna
- Vagai
Answers
Q1. Consider the following statements and choose the incorrect option:
- An Interest Rate Derivative (IRD) is a contract whose value is derived from one or more interest rates or interest rate indices.
- An interest rate swap is a forward contract in which one stream of future interest payments is exchanged for another based on a specified principal amount.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Answer: d
Explanation:
Derivatives are a contract between two or more parties with a value based on an underlying asset.
Swaps are a type of derivative with a value based on cash flow, as opposed to a specific asset.
An Interest Rate Derivative (IRD) is a contract whose value is derived from one or more interest rates or interest rate indices.
An interest rate swap is a forward contract in which one stream of future interest payments is exchanged for another based on a specified principal amount.
Q2. “Akatsuki”, recently in news is:
- A United Arab Emirates’ satellite on a mission to orbit the planet Mars.
- A Japanese space probe tasked to study the atmosphere of Venus.
- China’s latest mission to study the atmosphere of Mars.
- The mission of NASA to map the entire surface of Venus.
Answer: b
Explanation:
The Japanese satellite Akatsuki is currently orbiting Venus to study its atmosphere. It was successfully placed into the Venusian elliptic orbit in 2015. By using five different cameras working at several wavelengths, Akatsuki is studying the stratification of the atmosphere, atmospheric dynamics, and cloud physics.
Q3: With reference to Living Planet Index, consider the following statements and choose the correct option:
- It is released by the Zoological Society of London.
- It is a measure of the state of the world’s biological diversity based on population
trends of vertebrate species in terrestrial habitats only.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Answer : a
Explanation
The Living Planet Report, 2020 used the Living Planet Index (LPI) to calculate the decline in vertebrate species.
It is released by Institute of Zoology (Zoological Society of London).
The Zoological Society of London (ZSL) manages the index in cooperation with the World Wide Fund for Nature (WWF).
Founded in 1826, ZSL is an international conservation charity working for wildlife conservation.
LPI is a measure of the state of the world’s biological diversity based on population trends of vertebrate species in terrestrial, freshwater and marine habitats.
Q4: On which of the following rivers Mekedatu Project is located?
- Tungabhadra
- Cauvery
- Krishna
- Vagai
Answer : b
Explanation
The Karnataka government is likely to pressurise the Centre for approval of the construction of the Mekedatu Project on the Cauvery river.
Mekedatu, meaning goat’s leap, is a deep gorge situated at the confluence of the rivers Cauvery and its tributary Arkavathi.
Ontigondlu is the proposed reservoir site, situated at Ramanagara district in Karnataka about 100 km away from Bengaluru. It is the midst of the Cauvery Wildlife Sanctuary.
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