Daily Current Affairs Quiz: September 19, 2023

Solution: option C.)

Ans. 1 Option C is correct Explanation
• Hoysala Architecture is the building style developed under the rule of the Hoysala Empire between the 11th and 14th centuries, mostly concentrated in southern Karnataka.
• They are known for evolving a distinct style that is ornate with temple architecture following a stellate plan built on a raised platform.
• Stellate plan: Multiple shrines grouped around a central pillared hall and laid out in the shape of an intricately designed star. Hence, statement 1 is correct.
• The material used in temple construction is choloritic schist (soapstone), so, the artists were able to carve their sculptures intricately. Hence, statement 2 is correct.
• This can be seen particularly in the jewellery of the gods that adorn their temple walls

Solution: option A.)

Ans. 2 Option A is the correct Explanation
• The Sacred Ensembles of Hoysalas: Karnataka
• Kakatiya Rudreshwara (Ramappa) Temple: Telangana
• Rock Shelters of Bhimbetka: Madhya Pradesh
• Group of Monuments at Pattadakal: Karnataka

Solution: option B.)

Ans. 3 Option B is correct Explanation
• Bima Sugam Platform will be an online portal that will be a one-stop shop for
• Insurance-related queries, policy purchase, claim settlement, insurance advice, and grievance redressal. Hence, statement 1 is incorrect.
• Web aggregators, brokers, insurance agents, bank agents, etc. would act as facilitators on this platform for selling insurance policies. Hence, statement 2 is correct.
• The portal would provide all such facilities to policyholders having an e-insurance account (E-IA).
• It will further act as a window to view all policies, details, and renewal details.
• It will help in eliminating the need to fill out lengthy forms.
• It will help to cut down commissions paid to intermediaries. Hence, statement 3 is correct.
• It will allow for a speedy acceptance of new/sandbox products.
• It will simplify and digitize the insurance marketplace, right from buying policies to renewals, claim settlement, and agent and policy portability.

Solution: option B.)

Ans. 4 Option B is correct Explanation
• Coronal Mass Ejections (CMEs) are large expulsions of plasma and magnetic fields from the Sun’s corona that propagate
outward into interplanetary space.
• During a CME, the Sun releases a colossal amount of material that travels at high speeds into space including electrons, protons, and heavier ions as well as magnetic fields.
• CMEs are typically triggered by the destabilization of the Sun’s magnetic fields.
• They often involve the reconfiguration or disruption of magnetic loops on the Sun’s surface. Hence, option B is correct.
• CMEs are distinct from solar flares, although they often occur together.

Solution: option A.)

Ans. 5 Option A is the correct Explanation
• Lithium is a soft, silvery-white metal that belongs to the alkali metals group of the periodic table of the elements. Hence, statement 1 is correct.
• It has the lowest density of all metals. Hence, statement 2 is correct.
• It is the lightest of the solid elements.
• It reacts vigorously with water. Hence, statement 4 is correct.
• It does not occur as a metal in nature but is found combined in small amounts in igneous rocks. Hence, statement 3 is incorrect.
• Its reserves are majorly concentrated in the lithium triangle in South America i.e. Argentina, Bolivia & Chile with 50% of the deposits concentrated in these regions

Solution: option D.)
Ans. 6 Option D is the correct Explanation
• Montreal Protocol is a worldwide agreement to phase out the production and consumption of substances causing ozone depletion. Hence, statement 2 is incorrect.
• It is the only UN treaty ever that has been ratified by every country on Earth – all UN Member States.
• The Kigali Agreement is an amendment to the Montreal Protocol that addresses the phase-down of Hydrofluorocarbons (HFCs) used as replacements for the ozone-depleting substances. Hence, statement 1 is incorrect.
• It aims to reduce the production and consumption of HFCs with the aim of mitigating their contribution to global warming.

Solution: option A.)
Ans. 7 Option A is the correct Explanation
• Gold exchange-traded funds are commodity-based exchange-traded funds with an underlying asset as gold.
• They are passive investment instruments that are based on gold prices and invest in gold bullion. Hence, statement 1 is incorrect.
• Gold ETFs are units representing physical gold which may be in paper or dematerialised form.
• They combine the flexibility of stock investment and the simplicity of gold investments. Hence, statement 2 is correct.
• It can be bought and sold continuously at market prices.
• There is complete transparency on the holdings of a Gold ETF due to its direct gold pricing.

Solution: option C.)
Ans. 8 Option C is correct Explanation
• Retail Inflation is the rate at which the prices of goods and services that consumers buy for personal use increase over time.
• Core Inflation is the change in the costs of goods and services but does not include those from the food and energy sectors. Hence, statement I is correct.
• Food and energy prices are exempt from this calculation because their prices can be too volatile or fluctuate wildly. Hence, statement II is correct.

Solution: option A.)
Ans. 9 Option A is the correct Explanation
• PM WANI (Wi-Fi Access Network Interface) is a scheme formulated by the Ministry of Communications meant to increase Wi-fi access throughout the country. Hence, statement 1 is correct.
• The move is aimed at helping accelerate the uptake of broadband Internet services.
• It was first recommended by the Telecom Regulatory Authority of India (TRAI) in 2017. Hence, statement 3 is correct.
• This will involve multiple players, including PDOs, Public Data Office Aggregators (PDOA), app providers, and a central registry.
• Public Data Office (PDO) will establish, maintain, and operate only WANI-compliant Wi-Fi Access Points and deliver broadband services to subscribers. Hence, statement 2 is incorrect.
• Public Data Office Aggregator (PDOA) will be an aggregator of PDOs and perform the functions relating to Authorization and Accounting.
• It will not require the PDOs to get a license or pay a fee.
• Central Registry will maintain the details of App Providers, PDOAs, and PDOs.

Solution: option B.)
Ans. 10 Option B is correct Explanation
• The India-Middle East-Europe Economic Corridor project includes India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany and the US. Hence, Option B is correct.
• The project will aim to enable greater trade among the involved countries, including energy products.
• It will include a railway and ship-rail transit network and road transport routes.
• The corridor will include a rail link as well as an electricity cable, a hydrogen pipeline, and a high-speed data cable.
• In the coming times, it will be a major medium of economic integration between India, West Asia, and Europe