Daily Current Affairs Quiz for UPSC : 9 May 2025

Which of the following statements about Special Purpose Vehicles (SPVs) is/are correct?

1. SPVs are legal entities created for a specific and narrow objective.

2. SPVs require mandatory approval from the International Monetary Fund (IMF) for creation.

3. SPVs are always registered as non-profit entities.

Consider the following statements about the Hybrid Annuity Model (HAM):

1. Under HAM, the government bears 40% of the project cost during the construction phase.

2. The private player is responsible for 100% of the financing during the operational phase.

3. HAM ensures revenue generation through toll collection directly by the private party.

Which of the above statements is/are correct?

Which of the following statements about the New Collective Quantified Goal (NCQG) is/are correct?

1. NCQG aims to replace the $100 billion climate finance goal set in 2009 under the Copenhagen Accord.

2. It emphasizes scaling up climate finance contributions from developed countries only.

3. NCQG is legally binding for all countries under the Paris Agreement.

Which of the following statements about greenwashing is/are correct?

1. Greenwashing refers to misleading consumers into believing that a company’s products or practices are more environmentally friendly than they actually are.

2. Greenwashing practices can include vague claims, irrelevant labeling, and lack of transparency.

3. Greenwashing has no regulatory framework and is generally considered a harmless marketing strategy.