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Daily UPSC Current Quiz : 12 August 2026
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Consider the following statements regarding Exchange Traded Funds (ETFs):

  1. Unlike conventional mutual fund units, ETF shares are traded on stock exchanges throughout the trading day at prices that fluctuate in real-time according to market supply and demand.

  2. The creation and redemption of ETF units in the primary market are typically conducted directly between the fund house (Asset Management Company) and retail investors using cash only.

  3. Arbitrage mechanisms managed by Authorized Participants (APs) help keep the market price of an ETF close to its Net Asset Value (NAV).

Which of the statements given above is/are correct?

Consider these statements about Net Asset Value (NAV):

  1. NAV is calculated once daily after market close.

  2. Higher NAV means the fund gives higher returns.

  3. Total assets minus liabilities divided by total units gives NAV.

Which statements is/are correct?

Consider the following statements regarding sovereign credit ratings by agencies like Fitch:

  1. A ‘BBB-‘ rating is classified as the lowest tier of investment grade, positioned just above speculative or “junk” status.

  2. Sovereign credit ratings are determined solely by a country’s total foreign exchange reserves without factoring in fiscal deficits.

  3. A stable outlook by Fitch indicates that the sovereign rating is unlikely to be changed in the near future.

Which of the statements given above is/are correct?

Consider the following statements regarding Central Bank Digital Currency (CBDC):

  1. A CBDC is a decentralized digital asset that utilizes blockchain technology to ensure absolute user anonymity, similar to physical cash.

  2. It represents a direct liability of commercial banks rather than the central bank, mitigating risks for retail depositors.

  3. Programmable CBDC features allow the central bank or government to restrict the usage of funds for specific purposes or timeframes.

Which of the statements given above is/are not correct?

Consider the following statements regarding “Peak Water”:

  1. Peak water is the point where water extraction or glacier melt reaches its maximum before permanently declining.

  2. Glacial slowdown reduces long-term river discharge after the peak water threshold is crossed.

  3. The phenomenon affects major mid-latitude mountain river basins globally.

Which of the statements given above is/are not correct?

Thank you for participating in the Quiz!

Your result is as below :

    Daily Current Affairs

    Indian Economy

    Fitch Ratings on India: What is a Sovereign Credit Rating?

    International Relations

    Central Bank Digital Currency (CBDC) 

    Science & Technology

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    Environment & Ecology

    What are Invasive Species?

    Governance/Polity/Law

    What is Collegium System? कॉलेजियम प्रणाली

    Defence & Security

    India’s First Privately Built 800 kN FFSC Rocket Engine/भारत का पहला निजी रूप से निर्मित 800 kN FFSC रॉकेट इंजन

    Agriculture

    Glaciers of Zanskar: What is Peak Water?

    Awards

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    Sport

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    Sports & Award

    Booker Prize 2026

    Tourism

    Gist of Daily Articles: 15 July 2026/ Daily Mains Qn/Model Answer/Mains Concise Note The Hindu/Indian ExpressIndia’s Tourism sector:

    Geography

    Glaciers of Zanskar: What is Peak Water?

    Social Issues

    ICMR-SHINE

    Health

    What is Chandipura Virus (CHPV)?

    History and Culture

    Gist of Daily Articles: 30 July 2026/ Daily Mains Qn/Model Answer/Mains Concise Note The Hindu/Indian Express

    Social Justice

    ICMR-SHINE

    Mighty Experienced

    Structure of Classes

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