Daily Current Affairs for UPSC, Banking, SSC - 6 April' 19

1. 6th April

3. Gravitational lens was recently in news related to what? A. It is the discovery and exploration of celestial structures in outer space by means of evolving and growing space technology B. It is a distribution of matter between a distant light source and an observer C. It is a multi-year passive exposure experiment for astrobiology D. None

4. • A gravitational lens is a distribution of matter (such as a cluster of galaxies) between a distant light source and an observer, that is capable of bending the light from the source as the light travels towards the observer.

6. Match the correct pair of awards 1. The Order of Zayed 2. Amir Amanullah Khan Award 3. King Abdulaziz Sash •Saudi Arabia’s highest civilian honour • It is the highest civilian honour of Turkmenistan . • The Award focuses on the triple bottom- line of People, Profit and Planet (a) 1 and 2 (b) 1 and 3 (c) 2 and 3 (d) None of the above

7. • Ans D • The Order of Zayed is the United Arab Emirates' highest civil decoration • Philip Kotler Presidential award : The Award focuses on the triple bottom-line of People, Profit and Planet. It will be offered annually to the leader of a Nation. • Amir Amanullah Khan Award: It is the highest civilian honour of Afghanistan. • King Abdulaziz Sash: Saudi Arabia’s highest civilian honour

9. What is the Concept of Ethical Fading analyse the statements and choose the correct one 1. It occurs when the ethical aspects of a decision disappear from view. 2. This happens when people focus heavily on some other aspect of a decision, such as profitability or winning. . a) 1 only b) 2 only c) none d) all of the above

10. • Ans D • Concept of Ethical Fading • Ethical fading occurs when the ethical aspects of a decision disappear from view. • This happens when people focus heavily on some other aspect of a decision, such as profitability or winning. • Ills in our society, including those in business and politics, can be traced partly to this above ethical aspect and confused hierarchy of values.

12. Which one of the following is India’s first indigenously designed and developed long-range subsonic cruise missile which can be deployed from multiple platforms? (a) Astra (b) Prithvi (c) Nirbhay (d) Agni

13. • Ans: c • Nirbhay is a long range, all-weather, subsonic cruise missile designed and developed in India by the Defence Research and Development Organisation. The missile can be launched from multiple platforms and is capable of carrying conventional and nuclear warheads. It is currently under development and undergoing flight trials.

14. Which one of the following is NOT an exclusive right of the concerned coastal nations over Exclusive Economic Zone (EEZ)? (a) Survey and exploitation of mineral resources of ocean deposits (b) Exploitation of marine water energy and marine organisms including fishing (c) Conservation and management of marine resources (d) Navigation of ships

15. • Ans: d • Sovereign rights for the purpose of exploring, exploiting, conserving and managing natural resources, whether living and nonliving, of the seabed and subsoil and the superjacent waters and with regard to other activities for the economic exploitation and exploration of the zone, such as the production of energy from the water, currents and winds

16. Which one of the following statements about Exchange-Traded Fund (ETF) is NOT correct? (a) It is a marketable security. (b) It experiences price changes throughout the day. (c) It typically has lower daily liquidity and higher fees than mutual fund shares. (d) An ETF does not have its net asset value calculated once at the end of every day.

17. • Ans: c • Exchange Traded Funds are essentially Index Funds that are listed and traded on exchanges like stocks. Until the development of ETFs, this was not possible before. Globally, ETFs have opened a whole new panorama of investment opportunities to Retail as well as Institutional Money Managers. • They enable investors to gain broad exposure to entire stock markets in different Countries and specific sectors with relative ease, on a real-time basis and at a lower cost than many other forms of investing.

18. • An ETF is a basket of stocks that reflects the composition of an Index, like S&P CNX Nifty or BSE Sensex. The ETFs trading value is based on the net asset value of the underlying stocks that it represents. Think of it as a Mutual Fund that you can buy and sell in real-time at a price that change throughout the day. • An ETF, or exchange-traded fund, is a marketable security that tracks a stock index, a commodity, bonds, or a basket of assets. Although similar in many ways, ETFs differ from mutual funds because shares trade like common stock on an exchange. The price of an ETF’s shares will change throughout the day as they are bought and sold. The largest ETFs typically have higher average daily volume and lower fees than mutual fund shares which makes them an attractive alternative for individual investors.

19. Which of the following statements about the India Post Payments Bank (IPPB) is/are correct? 1. It has been incorporated as a Public Limited Company. 2. It started its operation by establishing two pilot branches at Hyderabad and Varanasi. Select the correct answer using the code given below. (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2

20. • Ans: a • On 19 August 2015 India Post got licence to run a payments bank from Reserve Bank of India. On 17 August 2016 it was registered as a public limited government company for setting up a payments bank. The pilot project of IPPB was inaugurated on 30 January 2017 at Raipur and Ranchi