DAILY CURRENT AFFAIRS QUIZ – 3 September, 2025

With reference to Vikram 3201, consider the following statements:

1. It is India’s first fully indigenous 32-bit microprocessor designed for space applications.

2. It has been developed by ISRO’s Vikram Sarabhai Space Centre (VSSC) and fabricated at the Semiconductor Laboratory (SCL), Chandigarh.

3. It is primarily designed for consumer electronics such as smartphones and laptops.

Which of the statements given above is/are correct?

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 only
(d) 1, 2 and 3

Painted Stork can be distinguished from other storks by which of the following unique features?

1. Heavy yellow beak with a down-curved tip.

2. Rose-colored feathers near the tail.

3. Black pectoral band (unique among Mycteria genus).

4. Strong sexual dimorphism with brightly colored males.

Select the correct answer using the code below:

(a) 1 and 2 only
(b) 1, 2 and 3 only
(c) 2, 3 and 4 only
(d) 1, 2, 3 and 4

Which of the following powers are enjoyed by Foreigners Tribunals (FTs) under the 1964 Order?

1. Power to summon and enforce attendance.

2. Power to examine witnesses on oath.

3. Power to issue arrest warrants.

4. Power to require production of documents.

Select the correct answer using the code below:

(a) 1, 2 and 4 only
(b) 2 and 3 only
(c) 1, 3 and 4 only
(d) 1, 2, 3 and 4

Consider the following regarding equity derivatives:

1. Futures and forwards are similar contracts, but forwards are non-standardized and traded over-the-counter.

2. Options give the holder the right, but not the obligation, to buy or sell the underlying asset at a specified price.

3. Equity swaps involve exchanging cash flows linked to the return of an equity asset.

Which of the statements above is/are correct?

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1, 2 and 3
(d) 1 only

Consider the following statements regarding aircraft wet leasing in India:

1. In a wet lease, the lessor provides the aircraft, crew, maintenance, and insurance (ACMI).

2. The lessee has control over commercial operations such as routes and schedules.

3. DGCA strongly encourages wet leasing for long-term fleet expansion.

Which of the statements given above is/are correct?

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 only
(d) 1, 2 and 3