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Daily Current Affairs
1 February, 2025
1. What is the fiscal deficit target for India in the Union Budget 2025?
A) 3.9% of GDP
B) 4.4% of GDP
C) 5.2% of GDP
D) 4.9% of GDP
E) 6.0% of GDP
Answer: B) 4.4% of GDP
Explanation: The Union Budget 2025 has set a fiscal deficit target of 4.4% of GDP, aiming for fiscal consolidation while continuing investments in infrastructure and social welfare. This is lower than the previous year’s target.
2. According to the Economic Survey 2024-25, what is India’s projected GDP growth rate for FY25?
A) 5.5%
B) 6.4%
C) 7.2%
D) 6.8%
E) 5.9%
Answer: B) 6.4%
Explanation: The Economic Survey 2024-25 projects India’s GDP growth at 6.4% for FY25, with an expected range of 6.3-6.8% in FY26. Various global agencies, including the IMF and World Bank, predict growth between 6.5-7%.
3. Which initiative received ₹1 lakh crore allocation for digital advancements in Budget 2025?
A) Blockchain Banking & FinTech
B) Artificial Intelligence, Quantum Computing & Semiconductors
C) 6G & Satellite Internet Expansion
D) India’s Space Tech Innovation Mission
E) Cybersecurity & National Data Infrastructure
Answer: B) Artificial Intelligence, Quantum Computing & Semiconductors
Explanation: The government has allocated ₹1 lakh crore for AI, quantum computing, and semiconductor development, promoting technological self-reliance and digital transformation in India.
4. What is the primary focus of India’s first Nuclear Energy Mission announced in Budget 2025?
A) Achieving 100 GW nuclear power capacity by 2047
B) Phasing out coal power plants by 2035
C) Establishing India’s first nuclear-powered smart city
D) Developing hydrogen-based nuclear fusion technology
E) Exporting nuclear technology to neighboring countries
Answer: A) Achieving 100 GW nuclear power capacity by 2047
Explanation: The Union Budget 2025 has set an ambitious target of 100 GW nuclear power capacity by 2047, as part of India’s transition towards clean and sustainable energy sources.
5. As per Economic Survey 2024-25, what is the current unemployment rate in India?
A) 4.9%
B) 6.0%
C) 3.2%
D) 2.5%
E) 5.4%
Answer: C) 3.2%
Explanation: The unemployment rate in India has declined to 3.2%, showing improvement in job creation and economic recovery post-pandemic. This is a significant drop from 6% in previous years.
6. What is the estimated transaction value of UPI payments in India for FY24?
A) ₹1 lakh billion
B) ₹2 lakh billion
C) ₹5 lakh billion
D) ₹3 lakh billion
E) ₹1.5 lakh billion
Answer: B) ₹2 lakh billion
Explanation: UPI transactions have reached nearly ₹2 lakh billion in FY24, highlighting the growing adoption of digital payments and financial inclusion in India.
7. Which sector witnessed the highest Compound Annual Growth Rate (CAGR) in Indian agriculture (2011-22)?
A) Fisheries
B) Pulses
C) Livestock & Milk
D) Cereals & Oilseeds
E) Horticulture
Answer: A) Fisheries
Explanation: Fisheries recorded the highest CAGR of 8.7%, followed by Meat & Eggs (7.5%) and Livestock & Milk (5.8%), showing strong growth in non-cereal agriculture.
8. What is the primary concern raised in the Economic Survey 2024-25 regarding AI adoption in the banking sector?
A) AI-driven job losses
B) Cybersecurity threats from AI
C) Over-reliance on imported AI technologies
D) AI-driven inflation risk
E) AI-induced economic slowdown
Answer: A) AI-driven job losses
Explanation: The survey warns of potential job losses due to AI adoption, urging the need for worker protection measures, upskilling programs, and AI regulation to manage economic risks.
9. How much has the government allocated for Green Hydrogen initiatives in Budget 2025?
A) ₹12,500 crore
B) ₹19,000 crore
C) ₹25,000 crore
D) ₹10,000 crore
E) ₹15,500 crore
Answer: B) ₹19,000 crore
Explanation: The government has allocated ₹19,000 crore for the Green Hydrogen Mission, promoting clean energy and reducing fossil fuel dependence.
10. What percentage of India’s workforce is employed in the services sector as per Economic Survey 2024-25?
A) 25%
B) 30%
C) 40%
D) 50%
E) 55%
Answer: B) 30%
Explanation: The services sector contributes 55% to India’s GVA but employs only 30% of the workforce, indicating the need for higher employment generation in this sector.
