Daily UPSC Prelims Current Affairs – June 24, 2022 [Mock Test]
June 24, 2022 June 24, 2022
1. Consider the following statements:
- A greenshoe option is an under-allotment option in the context of initial public offering.
- A Draft Red Herring Prospectus (DRHP) is a document that is prepared to introduce a new business or product to a potential investor.
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: B [Only 2]
Notes:- A greenshoe option is an over-allotment option. In the context of an initial public offering (IPO), it is a provision in an underwriting agreement that grants the underwriter the right to sell investors more shares than initially planned by the issuer if the demand for a security issue proves higher than expected.
- A Draft Red Herring Prospectus (DRHP) is a document that is prepared to introduce a new business or product to a potential investor. It is a way of demonstrating value and providing investors with enough information for them to decide whether they want to invest in the company or not.
2. Which of the following pairs of satellites and associated countries are matched correctly?
- NROL-85 – USA
- NuSat – UK
- EnMAP –Germany
- Jilin – South Korea
Choose the correct answer using the codes given below:
[A] Only 1 & 3
[B] Only 2 & 4
[C] Only 1, 2 & 4
[D] 1, 2, 3 & 4
Show Answer
Correct Answer: A [Only 1 & 3]
Notes:- NROL-85 is a U.S. National Reconnaissance Office spy satellite launched by SpaceX Falcon 9 rocket.
- ÑuSatsatellite series is a series of Argentinean commercial Earth observation satellites. They form the Aleph-1 constellation, which is designed, built and operated by Satellogic.
- EnMAP(Environmental Mapping and Analysis Program) is a German hyperspectral satellite mission to provide high accuracy hyperspectral image data of the Earth surface on a timely and frequent basis.
- Jilin-1is China’s first self-developed commercial remote sensing satellite system.
3. Consider the following statements on ‘Enforcement Directorate (ED)’:
- Its objective is to enforce the Foreign Exchange Management Act 1999 (FEMA) and the Prevention of Money Laundering Act 2002 (PMLA).
- It was formed as ‘Enforcement Unit’ in Department of Economic Affairs.
- It investigates crime with proceeds over and above ₹10 crore.
Which of the statements given above are correct?
[A] Only 1 & 2
[B] Only 2 & 3
[C] Only 1 & 3
[D] 1, 2 & 3
Show Answer
Correct Answer: A [Only 1 & 2]
Notes:- The Directorate of Enforcement (ED) is a law enforcement agency and economic intelligence agency responsible for enforcing economic laws and fighting economic crime in India. It is part of the Department of Revenue, Ministry of Finance, Government Of India.
- Its origin goes back to 1 May 1956, when an ‘Enforcement Unit’ was formed, in Department of Economic Affairs, for handling Exchange Control Laws violations under Foreign Exchange Regulation Act, 1947. In the year 1957, this Unit was renamed as ‘Enforcement Directorate’.
- The prime objective of the Enforcement Directorate is the enforcement of two key Acts of the Government of India namely, the Foreign Exchange Management Act 1999 (FEMA) and the Prevention of Money Laundering Act 2002 (PMLA).
- Whenever any offence is registered by a local police station, which has generated proceeds of crime over and above ₹1 crore, the investigating police officer forwards the details to the ED.
