Daily Current Quiz for UPSC 23 Dec 2024

Consider the following statements about exchange rates:

1. A floating exchange rate is determined by market forces without direct government or central bank intervention.
2. A fixed exchange rate system pegs a country’s currency to another currency or a basket of currencies.
3. Higher interest rates in a country attract foreign capital, which can lead to currency appreciation.

Which of the statements given above are correct?

Consider the following statements regarding the India State of Forest Report 2023:

1. The total forest and tree cover in India is 25.17% of the geographical area of the country.
2. Madhya Pradesh has the largest forest and tree cover in India, followed by Arunachal Pradesh and Maharashtra.
3. There has been an increase of 5,000 sq km in the bamboo-bearing area compared to the 2021 assessment.

Which of the statements given above is/ are correct?

Which of the following statements about Starlink devices is/are correct?

1. Starlink is a satellite-based internet service developed by SpaceX.
2. Starlink devices provide high-speed internet even in remote and underserved regions.
3. Starlink’s satellites operate in geostationary orbit to provide consistent internet connectivity.

Which of the following statements regarding Green Deposits is/are correct?

1. Green deposits are funds deposited by individuals or institutions to finance projects with environmental benefits.
2. The use of green deposits is strictly regulated to ensure alignment with environmental and sustainability goals.
3. Green deposits generally offer higher interest rates than regular deposits as they involve minimal risks.