Following are answers to Mains Marathon questions, we posted yesterday.
About Mains Marathon – This is an initiative of ForumIAS to help/aid aspirants in their writing skills, which is crucial to conquering mains examination.
Every morning, we post 2 questions are based on current affairs. The questions framed are meaningful and relevant to the exam. Answer to which, we provide the next day.
For Mains Marathon Archives click HERE→
1) Describe the role of the London Interbank Offered Rate (LIBOR) in global finance. What led to the decision to move away from LIBOR? Also, highlight the key features of the Secured Overnight Financing Rate (SOFR) that make it a preferred alternative to LIBOR?
2) Discuss the role of nuclear power in India’s energy basket. What are the challenges and opportunities associated with increasing the share of nuclear power? (15 marks)