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Daily UPSC Prelims Current Affairs – May 7-8, 2023 [Mock Test]
Daily UPSC Prelims Current Affairs – May 7-8, 2023 [Mock Test]
![Daily UPSC Prelims Current Affairs – May 7-8, 2023 [Mock Test]](https://i0.wp.com/www.gktoday.in/wp-content/uploads/2023/05/unnamed-1-300x200-1.png?fit=300%2C200&ssl=1)
1. Consider the following statements regarding the Urban Infrastructure Development Fund (UIDF):
- UIDF is managed by the National Housing Bank.
- It is intended for creating urban infrastructure in Tier 2 and Tier 3 cities by public agencies.
- All cities and towns will be enabled for 100% mechanical desludging of septic tanks and sewers to transition from manhole to machine-hole mode.
Which of the statements given above is/are correct?
[A] Only 3
[B] Only 1 and 2
[C] 1, 2 and 3
[D] Only 1
Show Answer
Correct Answer: A [Only 3]
Notes:
The UIDF is managed by the National Housing Bank, not the State Bank of India. It focuses on urban infrastructure in Tier 2 and Tier 3 cities, not Tier 1. Among the options, only statement 3 is correct—all cities and towns will be enabled for 100% mechanical desludging of septic tanks and sewers as part of UIDF’s objectives.
2. Application Supported by Blocked Amount (ASBA) was in news recently, it was introduced by which of the following organizations/institutes?
[A] National Bank for Agriculture and Rural Development
[B] National Institution for Transforming India
[C] Reserve Bank of India
[D] Securities and Exchange Board of India
Show Answer
Correct Answer: D [Securities and Exchange Board of India ]
Notes:
- Application Supported by Blocked Amount (ASBA) was introduced by Securities and Exchange Board of India (SEBI) in 2008.
- ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an initial public offering (IPO).
- ASBA gives an explicit authorisation to a Self-Certified Syndicate Bank (SCSB) to block the application money in the bank account for subscribing to an issue (IPO).
- SCSBs are SEBI authorized banks that confirm to the conditions laid by SEBI and capable of providing ASBA services to its customers.
- SEBI has introduced (ASBA)-like facility for trading in the secondary market.
- ASBA in secondary market trading will ensure that clients will continue to earn interest on the blocked funds in their savings account till the debit takes place.
3. With reference to the recently launched device ‘TEMPO’, consider the following statements:
- It has been launched by the Australian government to monitor the impact of climate change on coral bleaching.
- It will be placed in low Earth orbit.
Which of the above statements is/are correct?
[A] Only 1
[B] Only 2
[C] Both 1 and 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: D [Neither 1 nor 2]
Notes:
The Tropospheric Emissions: Monitoring of Pollution (TEMPO) instrument was launched by NASA, not the Australian government. Its purpose is to measure pollution and air quality over North America and it will be hosted in geostationary orbit, not low Earth orbit. Neither statement given in the question is correct.
Originally written on
May 24, 2023
and last modified on
May 24, 2023.
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