Daily UPSC Prelims Current Affairs – October 28, 2022
November 1, 2022 November 1, 2022
1. Which of the following statements about Earth Overshoot Day is/are correct?
- It is celebrated every year on July 29.
- It is calculated by Global Footprint Network.
Choose 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 is marked as the day when humanity has exhausted nature’s budget for the year. This year it falls on 28thJuly (last year it was 29th July).
- It is calculated by Global Footprint Network, an international research organization.
2. Consider the following statements:
- Cantor’s giant softshell turtle is endemic to America.
- It is listed as Vulnerable in IUCN Red list.
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:- Cantor’s giant softshell turtle (Pelochelys cantorii)also known commonly as the Asian giant softshell turtle and the frog-faced softshell turtle is a species of freshwater turtle in the family Trionychidae.
- Its extent ranges from Malaysia to India.
- IUCN Status: Critically Endangered.
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.
