Daily Quiz: 8th Nov 2023

Explanation:

• Green crackers are designed to reduce the emission of particulate matter (PM), which includes tiny solid particles and liquid droplets that can be suspended in the air. These particles, often referred to as "particulates," can pose significant health and environmental risks.
• Traditional firecrackers, especially those with high sulfur content, release a substantial amount of particulate matter into the atmosphere when they are ignited.
• Green crackers aim to minimize this emission of particulate matter, thus reducing the environmental and health impact of fireworks during festivals like Diwali. This reduction in particulate matter helps in improving air quality and mitigating the adverse effects of air pollution.

Hence option c is correct.

Explanation:

• Treacle is the term used for the molasses obtained as a byproduct in the sugar industry. Molasses is a thick, dark syrup that is a byproduct of the sugar-making process. It is rich in nutrients and is often used in various applications. In the context of the sugar industry, molasses (treacle) can be used for several purposes, including the production of alcoholic beverages (such as rum) and as an animal feed supplement.
• Treacle is also used in baking and cooking as a sweetener and flavouring agent.

Hence option d is correct.

Explanation:

• Pradhan Mantri Fasal Bima Yojana (PMFBY) is a government scheme in India that provides insurance coverage and financial support to farmers in the event of crop failure due to natural calamities, pests, or diseases. However, it primarily focuses on crop insurance for agricultural crops, not specifically for aquaculture. Hence 1 statement is incorrect.

• Pradhan Mantri Matsya Sampada Yojana (PMMSY) is a government scheme aimed at enhancing fish production and fisheries in India. One of the key components of this scheme includes the provision of Aquaculture Crop Insurance, which is designed to provide insurance coverage for aquaculture. This insurance scheme is intended to mitigate the risks faced by aqua farmers and protect their interests in the aquaculture sector. Hence 2 statement is correct.

Explanation:

• An IPO does not involve private corporations buying back their shares from the public. Instead, it is the opposite process. An IPO marks the initial sale of a company's shares to the public for the first time, allowing public investors to purchase shares in the company. It is a way for private companies to become publicly traded. Hence 1 statement is incorrect.

• An IPO, or Initial Public Offering, signifies the first introduction of a company's shares to the public market. Private companies go through this process to raise capital by selling shares to the public. Hence 2 statement is correct.

• An IPO is not related to the acquisition of shares in a public company through a private placement. It specifically involves the public offering of shares by a previously private company, allowing a wide range of investors to participate. Hence 3 statement is incorrect.

Explanation:

• Commercial Paper (CP) is indeed a short-term financial instrument used by corporations to raise funds. It is an unsecured promissory note, which means it is not backed by collateral and is typically issued for a duration of up to 364 days. Hence 1 statement is correct.

• Certificate of Deposit (CD) is a short to medium-term financial instrument, typically issued by scheduled commercial banks and financial institutions. It is not issued by the Reserve Bank of India, and it has a fixed maturity date. Hence 2 statement is incorrect.

• Call Money refers to short-term funds borrowed and lent among commercial banks to manage their day-to-day liquidity needs. It is typically used for interbank transactions, and the loans are usually of very short duration, often for one day. Hence 3 statement is correct.

• Zero-coupon bonds do not pay periodic interest. Instead, they are issued at a discount to their face value and redeemed at the face value upon maturity. They are typically long-term instruments, and it's not common for commercial banks to issue zero-coupon bonds. Hence 4 statement is incorrect.