Q1. Consider the following statements regarding GAVI Alliance (formerly the Global Alliance for Vaccines and Immunisation):

  1. It is a global health partnership of public and private sector organizations dedicated to “immunisation for all”.
  2. Its partners, which also include India, provide funding for vaccines and intellectual resources for care advancement.  

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

Option C is correct.

Both statements are correct.  Global Alliance for Vaccines and Immunisation is a global health partnership of public and private sector organizations dedicated to “immunisation for all”. Its partners, which also include India, provide funding for vaccines and intellectual resources for care advancement.    

https://www.who.int/workforcealliance/members_partners/member_list/gavi/en/

Q2. With reference to the Zero coupon bonds, consider the following statements:

  1. It is a debt security that does not pay interest but instead trades at a deep discount, rendering a profit at maturity, when the bond is redeemed for its full face value.
  2. Zero-coupon bonds do not fluctuate in price, as opposed to coupon bonds.

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

Option A is correct.

Statement 1 is correct. Zero-coupon bond is a debt security that does not pay interest but instead trades at a deep discount, rendering a profit at maturity, when the bond is redeemed for its full face value.

Statement 2 is incorrect. Because they offer the entire payment at maturity, zero-coupon bonds tend to fluctuate in price, much more so than coupon bonds             

https://www.investopedia.com/terms/z/zero-couponbond.asp

Q3. Recently, the union Minister of Education virtually laid the foundation stone of ‘TiHAN-IIT Hyderabad’, which is

(a) A digital platform for secondary and Higher secondary education       

 (b) India’s first Testbed for Autonomous Navigation Systems (Terrestrial and Aerial)        

 (c) An innovation hub set up under the Atal Innovation Mission

 (d) None of the above

Option B is correct. Recently, the union Minister of Education virtually laid the foundation stone of ‘TiHAN-IIT Hyderabad’, which is India’s first Testbed for Autonomous Navigation Systems (Terrestrial and Aerial).

https://www.indiatoday.in/education-today/news/story/ramesh-pokhriyal-lays-foundation-stone-of-tihan-iit-hyderabad-1754341-2020-12-30

Q4. With reference to the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS), consider the following statements:

  1.  The Mission aims to create a strong foundation and a seamless ecosystem for CPS technologies by encompassing knowledge generation, human resource development, research, technology, innovation and commercialization.
  2. Cyber Physical Systems (CPS) are new class of engineered systems that integrate computation and physical processes in a dynamic environment.

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

Option C is correct.

Both statements are correct. Cyber Physical Systems (CPS) are new class of engineered systems that integrate computation and physical processes in a dynamic environment. CPS encompasses technology areas of Cybernetics, Mechatronics, Design and Embedded systems, Internet of Things (IoT), Big Data, Artificial Intelligence (AI) and many more.   

Cyber Physical Systems (CPS) are new class of engineered systems that integrate computation and physical processes in a dynamic environment.                         

http://serb.gov.in/nm-icps.php

Q5. Gaza strip, which is often seen in news, is geographically located along the coast of

(a) Atlantic Ocean           

 (b) Western Pacific Ocean

 (c) Caspian Sea

 (d) Mediterranean Sea

Option D is correct. Gaza strip, which is often seen in news, is geographically located along the coast of Mediterranean Sea.

Q6. Consider the following statements:

  1. Mysuru Zoo in Karnataka became the first zoo in India to acquire African hunting Cheetah from South Africa as part of the Animal Exchange Programme. 
  2. The cheetah is the world's fastest land animal and Africa's most endangered big cat.

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

Option B is correct.

Statement 1 is incorrect. Mysuru zoo is the second zoo in the country to house hunting cheetahs after Hyderabad zoo which has a pair of big cats.

Statement 2 is correct. The cheetah is the world's fastest land animal and Africa's most endangered big cat.

https://indianexpress.com/article/india/mysuru-zoo-gets-3-african-hunting-cheetahs-from-south-africa-6561272/#:~:text=Mysuru%20Zoo%20in%20Karnataka%20has,via%20Singapore%20on%20Monday%20afternoon.

Q7. Consider the following statements:

  1. MICR code is printed on currency notes using MICR (Magnetic Ink Character Recognition technology), which enables identification of the notes.
  2. An MICR code is a 9-digit code that uniquely identifies the country participating in an Electronic Clearing System (ECS).

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

Option D is correct.

Both statements are incorrect. MICR code is printed on cheques using MICR (Magnetic Ink Character Recognition technology), which enables identification of the cheques.  An MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).

https://economictimes.indiatimes.com/wealth/save/all-you-need-to-know-about-ifsc-and-micr/articleshow/58678846.cms

Q8. With reference to the Small Industries Development Bank of India (SIDBI), consider the following statements:

  1.  SIDBI was set up in 1990s under an Act of Indian Parliament and extends financial assistance in the form of loans, grants, equity and quasi-equity to Non-Government Organisations / Micro Finance Institutions (MFIs). 
  2. It has initiated various schemes for upliftment of large scale manufacturing industries and continues to be the prime lending institution for the sector.

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

Option A is correct.

Statement 1 is correct. SIDBI was set up in 1990s under an Act of Indian Parliament and extends financial assistance in the form of loans, grants, equity and quasi-equity to Non Government Organisations / Micro Finance Institutions (MFIs). 

Statement 2 is incorrect. SIDBI has initiated various schemes for upliftment of MSME sector and continues to be the prime lending institution for the sector.

https://financialservices.gov.in/banking-divisions/Financial-Institutions-and-others/Small-Industries-Development-Bank-of-India%28SIDBI%29?page=2

Ques  Ans:

1-(c)

2-(a)

3-(b)

4-(c)

5-(d)

6-(b)

7-(d)

8-(a)