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Daily UPSC Prelims Current Affairs – October 28, 2022
Daily UPSC Prelims Current Affairs – October 28, 2022
1. Which of the following statements regarding Earth Overshoot Day is/are correct?
- It is observed every year on July 29.
- It is calculated by the Global Footprint Network.
Select the correct answer using the codes given below:
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: B [Only 2]
Notes:
Earth Overshoot Day marks the date when humanity's resource consumption exceeds Earth's capacity for the year. Its date varies annually based on global consumption trends; in 2023, it fell on 2nd August and previously on 28th and 29th July. It is calculated by the Global Footprint Network, an international research organization focused on sustainability.
2. Consider the following statements about Cantor’s giant softshell turtle:
- It is endemic to America.
- It is listed as Vulnerable in the IUCN Red List.
Which of the above statements is/are correct?
[A] Only 1
[B] Neither 1 nor 2
[C] Only 2
[D] Both 1 and 2
Show Answer
Correct Answer: B [Neither 1 nor 2]
Notes:
Cantor’s giant softshell turtle (Pelochelys cantorii) is native to Asia, extending from India to Malaysia, not America. Its IUCN Red List status is Critically Endangered, not Vulnerable. Therefore, both statements are incorrect according to current knowledge and IUCN classification.
3. Basel III compliant bonds deals with which of the following?
[A] Sustainable use of biological diversity
[B] Capital adequacy in banks, stress testing, and market liquidity risk
[C] Greenhouse gas emission
[D] Water pollution
Show Answer
Correct Answer: B [Capital adequacy in banks, stress testing, and market liquidity risk]
Notes:- Basel III compliant Bonds are a regulatory framework followed on a voluntary basis on a global scale. The framework deals with capital adequacy in banks, stress testing, and market liquidity risk.
- These qualify as tier II capital of the bank, and has a face value of Rs 10 lakh each, bearing a coupon rate of 6.24 per cent per annum payable annually for a tenor of 10 years.
- There is a call option after 5 years and on anniversary thereafter.
- Call option means the issuer of the bonds can call back the bonds before the maturity date by paying back the principal amount to investors.
Originally written on
November 1, 2022
and last modified on
November 1, 2022.
Tags: upsc prelims test series 2023
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