Daily UPSC Current Quiz : 12 August 2026

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?