Prelims Power Play 5 October 2023

1. Bank for International Settlements (BIS) has come out with regulations on cryptocurrencies. What is the primary function of the Bank for International Settlements (BIS)?

2. Consider the following statements

Statement 1: Glacial Lake outburst floods (GLOFs) pose significant threats to mountainous regions.

Statement 2: The melting of glaciers due to climate change can lead to the rapid accumulation of water in glacial lakes, which can trigger catastrophic flooding events when the natural dams holding back the water fail.

Which one of the following is correct with respect to the above statements?

3. With reference to Enforcement Directorate (ED), consider the following statements

1. ED is under the jurisdiction of Ministry of Home Affairs.
2. ED can register a case on its own.
3. ED can attach assets of the accused for recovery purposes.

How many of the statements given above is/are correct? Select the correct answer using the code below:

4. Consider the following

1. Azerbaijan
2. Turkmenistan
3. Tajikistan
4. Uzbekistan
5. Russia

How many of the above are members of Commonwealth of Independent States (CIS)? Select the correct answer:

5. Consider the following

1. Maharashtra
2. Telangana
3. Tamil Nadu
4. Bihar

How many are major turmeric producers?