Daily UPSC Prelims Current Affairs – April 14-15, 2023 [Mock Test]
May 5, 2023 May 5, 2023
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 the potential advantages of bio-computers?
- It can process complex data.
- It is very complex to develop these bio-computers.
- It can decode pathology for degenerative diseases like Parkinson’s disease.
Choose 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:- While human brains are slower than computers in simple arithmetic, bio computers outshine machines at processing complex information.
- Brain organoids can also be developed using stem cells from individuals with neurodegenerative diseases or cognitive disorders.
- Comparing the data on brain structure, and signalling between healthy and patient-derived organoids can reveal the biological basis of human cognition, learning, and memory.
- They could also help decode the pathology of devastating neurodevelopmental and degenerative diseases such as Parkinson’s disease and microcephaly.
