EDEN IAS

Daily MCQ UPSC Current Affairs

Daily MCQs for UPSC Current Affairs | 28TH OCTOBER 2022

Question 13: Consider the following statements with respect to The Just Energy Transition Partnership (JETP):

  1. The JETP is an agreement between the governments of India, the United States, United Kingdom, France, Germany, and the European Union to accelerate the decommissioning of India’s coal-fired power plants.
  2. The G7 which includes France, Germany, the UK, the US and the EU, proposed financing for India through various instruments such as grants, concessional loans and investments, and risk-sharing instruments, including involving the private sector.

Which of the following statements is/are true?

  1. 1 only
  2. 2 only
  3. 1 and 2 only
  4. Neither 1 nor 2

Correct Answer: D

Explanation

  • The Just Energy Transition Partnership (JETP) with South Africa represents a novel attempt to support the energy transition in emerging economies. The $8.5-billion multinational venture aims to accelerate the phaseout of coal-fired power generation by incentivizing the flow of clean energy investments while addressing related social concerns, such as job but while the JETP entails a significant financial contribution to South Africa’s climate aims, its real benefit lies in the transformational energy sector reforms the government must enact to amplify its funding.
  • The JETP is an agreement between the governments of South Africa, the United States, United Kingdom, France, Germany, and the European Union to accelerate the decommissioning of South Africa’s coal-fired power The G7 which includes France, Germany, the UK, the US and the EU, proposed financing of $8.5 billion for South Africa through various instruments such as grants, concessional loans and investments, and risk-sharing instruments, including involving the private sector.
  • The G7 nations’ plan of persuading India to start negotiations on a Just Energy Transition Partnership (JETP), an initiative of the rich nations to accelerate phasing out of coal and reducing emissions has hit a roadblock.

Question 14: Consider the following statements:

  1. The bullwhip effect is a supply chain phenomenon describing how small fluctuations in demand at the retail level can cause progressively larger fluctuations in demand at the wholesale, distributor, manufacturer and raw material supplier levels.
  2. The doom loop is the circle of vulnerability where a country’s banking system can be severely hurt by volatility in the price of the sovereign bonds, they hold for reserves resulting in a contraction in lending provided by the banks.

Which of the following statements is/are true?

  1. 1 only
  2. 2 only
  3. 1 and 2 only
  4. Neither 1 nor 2

Correct Answer: C

Explanation

  • The bullwhip effect is a supply chain phenomenon describing how small fluctuations in demand at the retail level can cause progressively larger fluctuations in demand at the wholesale, distributor, manufacturer and raw material supplier levels. The effect is named after the physics involved in cracking a whip. When the person holding the whip snaps their wrist, the relatively small movement causes the whip’s wave patterns to increasingly amplify in a chain reaction.
  • The doom loop is the circle of vulnerability where a country’s banking system can be severely hurt by volatility in the price of the sovereign bonds, they hold for reserves resulting in a contraction in lending provided by the banks. This contraction in credit, in turn, slows the domestic economy, resulting in a further deterioration in the price of the sovereign’s bond issues as the government is forced to increase its borrowing to maintain services in a period when tax receipts are falling.

Question 15: The Crypto-Asset Reporting Framework or CARF was recently released by:

  1. IMF
  2. OECD
  3. World Bank
  4. RBI

Correct Answer: B

Explanation

  • The Crypto-Asset Reporting Framework or CARF was recently released by the Organization for Economic Co-operation and Development (OECD).
  • The CARF aims to ensure the collection and automated exchange of information on crypto assets with jurisdictions of taxpayers’ residences every year in a standardized manner.

Question 16: The first heritage site in India to be powered solely by solar energy:

  1. Agra Fort
  2. Mahabodhi Temple Complex
  3. The Sun Temple of Modhera
  4. The Qutb Minar complex

Correct Answer: C

Explanation

Along with the Modhera village, the Sun Temple of Modhera also became the first heritage site in India to be powered solely by solar energy.

Read more about our 1 Year Foundation Course

This will close in 0 seconds