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Daily Prelims 5th January 2024

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    Daily Prelims 5th January 2024

    1) Fog Pass Device (FPDs): Indian Railways installed FPDs for smoother operations in foggy weather.  

    • FPDs, being GPS-based navigation devices, provide real-time information about signals, level crossing gates, Permanent Speed Restrictions, Neutral Sections etc.  
    • Features  
    • Equipped with both display and voice guidance.  
      • can cater to train speeds up to 160 km/hr.  
      • Unaffected by weather conditions such as fog, rain, or sunshine.  
      • Suitable for single/double line, electrified/non-electrified sections.  
      • Portable, compact, and lightweight 

     

    2) Polar bear: First death of polar bear due to Avian Influenza occurred in Arctic region recently.  

    • Polar bear is both the largest bear and the largest land carnivore (main food source is seals) in the world.  
    • Habitat: Arctic region only (not in Antarctica).  
    • Behaviour: Live solitary lives except when mating.  
    • Adaptation:  
      • Can swim (due to large paws) for long distances.  
      • White fur helps the bear remain camouflaged.  
      • Thick layer of fat below the skin surface acts as insulation on the body to trap heat.  
      • Large size reduces amount of surface area exposed to cold per unit of body mass.  
      • IUCN status: Vulnerable 

     

    3) United Nations Statistical Commission (UNSC): India started a four-year term as a member of the UNSC.  

    • UNSC, established in 1946 is the highest body of global statistical system.  
    • Key responsibilities  
      • Oversees the work of the UN Statistics Division (UNSD)  
      • Acts as a functional Commission of the UN Economic and Social Council (ECOSOC).  
      • Brings together the Chief Statisticians from member states.  
      • Setting of statistical standards and their implementation at national and international levels.  
      • Members: Consists of 24 member countries of UN elected by ECOSOC. 

     

    4) Short selling: Supreme Court directed Centre and SEBI to investigate if Hindenburg report on short-selling caused harm to investors.  

    • “Short selling” involves selling a stock not owned at the time of trade.  
    • Speculating a price decrease, sellers borrow stocks to sell, then buy them back at a lower price, making a profit.  
    • SEBI permits short selling for both retail and institutional investors, who must deliver securities during settlement.  
    • However Naked short selling is illegal in India.  
    • It entails trading shares that are undetermined to exist or have not been secured by the trader 

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