1. Which of the following can be possible ill-effects of Cryptocurrency?
1. It could threaten the monetary stability of country
2. It can become a conduit for capital flight
3. It can be used in illegal online marketplaces that deal with illicit drugs and child pornography
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3

Explanation: Option (d) is correct
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
Recently there has been uptick in investment in Cryptocurrency due to lesser manipulation from central banks and freedom from regulatory authorities.
However, experts have warned about there possible ill effects on countries economy and people. Recently China’s central bank banned  all crypto transactions.
Following are major issues involved with rising investment in Cryptocurrency:
•    Its highly speculative with very less fundamentals
•    if cryptocurrencies gained traction, then it could threaten the monetary stability
•    If regulated institutions, banks for example, are exposed to virtual currencies and if that currency is very volatile, then there could be financial instability
•    Cryptocurrencies could become a conduit for capital flight, especially in a country like India where there is still no full convertibility of capital
•    Its use in illegal online marketplaces that deal with drugs and child pornography is well-documented
•    It can be used as conduit for Black money, money laundering etc.

Source: https://www.thehindu.com/news/international/china-declares-all-cryptocurrency-transactions-illegal/article36649806.ece
https://economictimes.indiatimes.com/markets/cryptocurrency/rbi-ex-guv-subbarao-explains-why-rbi-is-anxious-about-cryptocurrency/articleshow/86475029.cms
https://www.thehindu.com/opinion/editorial/ban-or-regulate/article28739549.ece
2. The term ‘Iron Dome’ sometimes mentioned in the news recently is related to
(a) Air defence system
(b) Spyware
(c) Crypto-currency
(d) Mini satellites
Explanation: Option (a) is correct
Iron Dome is a short-range, ground-to-air, air defence system that includes a radar and Tamir interceptor missiles that track and neutralise any rockets or missiles aimed at Israeli targets. It is used for countering rockets, artillery & mortars (C-RAM) as well as aircraft, helicopters and unmanned aerial vehicles.
The genesis of the Iron Dome goes back to the 2006 Israeli-Lebanon war, when the Hezbollah fired thousands of rockets into Israel. The following year, Israel announced that its state-run Rafael Advance Systems would come up with a new air defence system to protect its cities and people. It was developed with Israel Aerospace Industries.

The Iron Dome was deployed in 2011. While Rafael claims a success rate of over 90.

Source: https://www.thehindu.com/news/international/us-house-approves-1-bn-to-resupply-iron-dome/article36659151.ece
https://www.thehindu.com/news/international/explained-israels-iron-dome-rocket-defence-system/article34556339.ece

3. Consider the following states:
1. Assam
2. Arunachal Pradesh
3. Nagaland
4. Tripura
5. Manipur
6. Mizoram
Which of the above share international boundary with Myanmar?
(a) 1, 2, 3 and 5
(b) 2, 3, 4 and 5
(c) 2, 3, 4 and 6
(d) 2, 3, 5 and 6
Explanation: Option (d) is correct
Myanmar shares a long land border of over 1600 Km with India as well as a maritime boundary in the Bay of Bengal. Four North-Eastern States viz. Arunachal Pradesh, Nagaland, Manipur and Mizoram share international boundary with Myanmar.
Source: https://www.thehindu.com/news/national/other-states/mizoram-fears-more-influx-after-fresh-myanmar-offensive/article36649324.ece
https://www.newindianexpress.com/nation/2021/mar/12/mha-cautions-4-northeast-states-bordering-myanmar-says-take-action-on-influx-as-per-law-2275809.html

4. On which agency recommendation Anti-dumping duty is imposed by Government of India (Finance Ministry)?
(a) World Trade Organization
(b) Directorate General of Trade Remedies
(c) Central Board of Direct Taxes
(d) Intellectual Property Appellate Board
Explanation: Option (b) is correct
Dumping is said to occur when the goods are exported by a country to another country at a price lower than its normal value. This is an unfair trade practice which can have a distortive effect on international trade. Anti-dumping is a measure to rectify the situation arising out of the dumping of goods and its trade distortive effect.
Anti-dumping and allied measures constitute the legal framework, within which the domestic industry can seek necessary relief and protection against dumping of goods and articles by exporting companies and firms of any country from any part of the world.
Directorate General of Trade Remedies (DGTR) recommends the duty. DGTR functions as an attached office of Department of Commerce, Ministry of Commerce and Industry.
DGTR provides a level playing field to the domestic industry against the adverse impact of the unfair trade practices like dumping and actionable subsidies from any exporting country, by using Trade Remedial methods under relevant framework of WTO arrangements, Customs Tariff Act & Rules and other relevant laws and International agreements, in a transparent and time bound manner.
While DGTR recommends the duty to be levied, the finance ministry imposes it.
Source: https://www.thehindu.com/business/Industry/commerce-ministry-for-imposing-anti-dumping-duty-on-pharma-api-from-china/article36657444.ece
https://www.dgtr.gov.in/about-us/about-department

5. Consider the following activities:
1. Spraying pesticides
2. Preparation of High-resolution maps
3. Study and conservation of marine fauna
Which of the above activities can be successfully carried out by using drones?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Explanation: Option (d) is correct
An unmanned aerial vehicle (UAV), commonly known as a drone, is an aircraft without any human pilot, crew or passengers on board.
Over the past few years, drones have become central to the functions of various businesses and governmental organizations.
From quick deliveries at rush hour to scanning an unreachable military base, drones are proving to be extremely beneficial in places where man cannot reach or is unable to perform in a timely and efficient manner.
drones have multiple uses few of them are as below:
•    Aerial photography for journalism and film
•    Express shipping and delivery
•    Gathering information or supplying essentials for disaster management
•    Thermal sensor drones for search and rescue operations
•    Geographic mapping of inaccessible terrain & Surveying
•    Spraying pesticides
•    Precision crop monitoring
•    Building safety inspections
•    Unmanned cargo transport
•    Law enforcement and border control surveillance
•    Storm tracking and forecasting
•    monitoring marine fauna of conservation concern and for tackling illegal activities
Source: https://www.thehindu.com/news/national/govt-releases-drone-map-for-users/article36660845.ece
https://www.thehindu.com/news/national/andhra-pradesh/scientists-demonstrate-drone-technology-for-agriculture-in-east-godavari/article36267551.ece
https://www.thehindu.com/news/national/survey-of-india-to-deploy-300-drones-for-mapping-country/article29425393.ece?homepage=true
https://indianexpress.com/article/technology/science/small-drones-study-indias-threatened-marine-species-7424249/