Q1. With reference to the “Board of Peace” recently established in Davos, consider the following statements:
I. It is an intergovernmental organization proposed by the U.S. and endorsed by the UN Security Council to rebuild war-torn Gaza.
II. The Board’s charter specifically limits its mandate only to the demilitarization and reconstruction of the Gaza Strip.
III. Nations can secure permanent membership in the Board by donating a minimum of $1 billion within the first year.
IV. The Board is intended to function as a permanent substitute for the United Nations’ humanitarian and rebuilding bodies.
Select the correct answer using the code given below –
(a) Only I
(b) II and III
(c) I and III
(d) Only iii
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Answer C – Only statement I and III are correct.
Q2. Consider the following statements regarding Central Bank Digital Currencies (CBDCs):
I. CBDCs are fundamentally identical to private cryptocurrencies like Bitcoin.
II. Unlike traditional bank transfers via UPI, CBDC transactions involve moving currency from one digital wallet to another on a separate blockchain ledger.
III. The programmability of CBDCs generally allows for their use to be restricted to specific geographic locations or merchant categories.
Select the correct answer using the code given below –
(a) Only I
(b) II and III
(c) I and III
(d) All of the above
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Answer (b) II and III
Statement I:
❌ Incorrect.
CBDCs are legal tender issued by a central bank, but they are not fundamentally identical to private cryptocurrencies like Bitcoin. Bitcoin is decentralized, privately issued, and highly volatile, whereas CBDCs are centralized, sovereign-backed, and stable.
Q3. With reference to Pax Silica, consider the following statements:
I. It is a U.S.-led initiative focused on artificial intelligence and supply chain security.
II. It aims to create a secure and resilient global technology ecosystem with trusted partners
Which of the statements given above is/are correct?
(a) I only
(b) II only
(c) Both I and II
(d) Neither I nor II
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Answer: (c)
Q4. Pax Silica seeks to encourage partnerships across which of the following segments of the global technology supply chain?
- Critical minerals refining and processing
- Semiconductors and compute infrastructure
- Frontier foundation models
- Transportation logistics
Select the correct answer using the code below:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1, 2, and 3 only
(d) 1, 2, 3, and 4
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Answer (d) All statements are correct