Prelims Power Play 27 May 2023

1. Consider the following statements regarding the “Open Credit Enablement Network (OCEN)”

1. It is an infrastructure protocol that connects borrowers with lenders.
2. It will act as a guarantor for the small borrowers in case of loan default during the financial crises.
3. Venture capitalist and angel investors are also in this part of the exercise as investors.

Which of the statements given above is/are correct?

2. India is likely to sign the last foundational agreement with the U.S., Basic Exchange and Cooperation Agreement for Geo-Spatial cooperation (BECA). In this context consider the following statement with respect to BECA

1. It is an economic network formed by the cooperative interconnection of computing networks related to e-commerce.
2. It is used more as a trading system in which buyers and sellers could establish a genuine market price.

Which of the following statement(s) is/are incorrect?

3. With reference to the Strategic petroleum reserves, Consider the following statements

1. Strategic storages are the additional reserves over and above the existing storages of crude oil and petroleum products with the oil companies.
2. Indian oil corporation (IOC) is the largest responsible for maintaining the country’s strategic petroleum reserves.
3. These strategic reserves are stored in the underground rock caverns along the eastern and western coast of India.

Which of the statements given above is/are correct?

4. Consider the following statements

1. SEBI is promoting all third party algorithm based trading applications, in order to tap more retail investors into the stock market.
2. Under Algo or automated trading, computers execute the trade at breakneck speed or frequency.

Which of the statements given above is/are correct?

5. Which of the following are applications of Raman spectroscopy?

1. Purity of carbon nanotubes
2. Alloy composition
3. Drug/cell interactions
4. Contaminant identification
5. Skin depth profiling

Select correct code: