UPSC Current Affairs Practice Questions - 04 May 2024

1. Which of the following best describes the term ‘Silver Economy’?

(a) Integrating older and ageing people into the economy as active participants

(b) Deflationary economic model where the value of silver-backed currencies dominates the market

(c) A surge in silver mining activities triggering a resource curse effect, causing economic stagnation due to over-reliance on a single commodity

(d) Production and consumption of silver-based products becoming the primary driver of economic growth

2. Consider the following statements regarding Petroleum and Explosives Safety Organisation (PESO):

It is the nodal agency for regulating safety of hazardous substances such as explosives, compressed gas and petroleum in India
It functions under Ministry of Petroleum and Natural Gas

Which of the above statements is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

3. La Cumbre Volcano, recently in news, is situated in:

(a) Sulawesi island

(b) Galapagos island

(c) Kuril island

(d) Hokkaido island

UPSC Current Affairs Practice Questions – 04 May 2024