1. Consider the following statements with respect to the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund:
- It is sponsored by the Ministry of Housing and Urban Affairs.
- It aims to provide priority debt financing for greenfield and RERA-registered residential affordable projects.
Which of the statements given above is/are correct?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: D [Neither 1 nor 2]
Notes:- The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I is a social impact fund specifically formed for completing stressed and stalled residential projects.
- It was launched in November 2019, it is considered as the lender of last resort for distressed projects.
- The Fund is sponsored by the Ministry of Finance, Government of India. The fund is managed by SBICAP Ventures Ltd. – a State Bank Group company.
- It aims to provide priority debt financing for the completion of stressed, brownfield and RERA-registered residential projects that fall in the affordable, mid-income housing category.
- The Fund has played a critical role in the growth of many ancillary industries in real estate and unlocked liquidity for infrastructure sector.
2. ‘Pump and dump scheme’ was in news recently, it is in the context of which of the following?
[A] Plastic pollution
[B] Construction debris
[C] Eutrophication
[D] Share market
Show Answer
Correct Answer: D [Share market]
Notes:- The Securities and Exchange Board of India (SEBI) recently barred 31 entities from the securities market in a case related to ‘Pump and Dump’ Scheme.
- Pump and dump is a manipulative scheme in capital market.
- It involves “pumping up” the share price and then “dump” the shares.
- Pump-and-dump operations are illegal. SEBI terms such schemes as fraudulent and unfair trade practices, which can hamper the sanctity of Indian capital markets.
- Under SEBI guidelines, someone who spreads this information is called MMD or a ‘misleading message disseminator’.
3. Which of the following can be considered potential advantages of bio-computers?
- They can process complex data.
- They are very complex to develop.
- They can decode pathology for degenerative diseases like Parkinson’s disease.
Select the correct answer using the codes given below:
[A] Only 1
[B] Only 1 & 3
[C] Only 2 & 3
[D] 1, 2 & 3
Show Answer
Correct Answer: B [Only 1 & 3]
Notes:
Bio-computers can process complex data and assist in decoding the pathology of neurodegenerative diseases like Parkinson’s disease. While they are indeed complex to develop, this complexity is a limitation, not an advantage. Their utility lies in advanced data processing and medical research applications, particularly related to brain structure and disease pathology.
![Daily UPSC Prelims Current Affairs – February 3, 2023 [Mock Test]](https://i0.wp.com/www.gktoday.in/wp-content/uploads/2023/02/unnamed.png?resize=75%2C50&ssl=1)
![Daily UPSC Prelims Current Affairs – March 19-20, 2023 [Mock Test]](https://i0.wp.com/www.gktoday.in/wp-content/uploads/2023/03/unnamed-3.png?resize=75%2C50&ssl=1)
![Daily UPSC Prelims Current Affairs – December 25-26, 2022 [Mock Test]](https://i0.wp.com/www.gktoday.in/wp-content/uploads/2022/11/unnamed-1.png?resize=75%2C42&ssl=1)
![Daily UPSC Prelims Current Affairs – February 24, 2023 [Mock Test]](https://i0.wp.com/www.gktoday.in/wp-content/uploads/2023/03/unnamed-1.png?resize=75%2C50&ssl=1)
![Daily UPSC Prelims Current Affairs – April 13, 2023 [Mock Test]](https://i0.wp.com/www.gktoday.in/wp-content/uploads/2023/04/unnamed-1.png?resize=75%2C50&ssl=1)
![Daily UPSC Prelims Current Affairs – January 8-9, 2023 [Mock Test]](https://i0.wp.com/www.gktoday.in/wp-content/uploads/2023/01/unnamed.png?resize=75%2C42&ssl=1)