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Daily Current Affairs
6 February, 2025
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1. What is the primary focus of the U.S. proposal for Gaza under President Trump?
a) Military occupation
b) Economic development and infrastructure improvement
c) Annexation by Israel
d) Establishment of a new Palestinian government
e) UN-led administration
b) Economic development and infrastructure improvement
Trump’s plan includes resettling Palestinians elsewhere and redeveloping Gaza, which has been met with mixed reactions.
2. Why are six states opposing the new UGC regulations, 2025?
a) They oppose private sector involvement in universities
b) The regulations allow industry professionals to become vice-chancellors
c) The UGC plans to shut down state universities
d) The regulations increase tuition fees
e) The new rules enforce a uniform syllabus nationwide
b) The regulations allow industry professionals to become vice-chancellors
States argue that the new rules interfere with their authority over higher education governance.
3. What measure has the Supreme Court directed Rajasthan to take regarding Sacred Groves?
a) Hand over control to corporate entities
b) Convert them into national parks
c) Classify them as forests and designate them as community reserves
d) Transfer their ownership to private individuals
e) Use them for commercial logging
c) Classify them as forests and designate them as community reserves
Sacred Groves are ecologically significant and protected under the Wildlife Protection Act, 1972.
4. What is India’s rank in the Global Cybersecurity Index (GCI) 2024?
a) 75.34/100
b) 80.22/100
c) 90.45/100
d) 98.49/100
e) 65.18/100
d) 98.49/100
India has improved its cybersecurity measures and ranks among the top nations in digital security.
5. Why is the rupee depreciating against the U.S. dollar?
a) Increased oil imports
b) U.S. trade policies affecting global markets
c) Low foreign investment in India
d) High inflation in the Indian economy
e) All of the above
b) U.S. trade policies affecting global markets
The rupee dropped from â‚ą85/USD to â‚ą87/USD due to changing U.S. trade policies, impacting global currencies.
6. What is the maximum percentage of capital exposure allowed for individual borrowers under RBI’s credit norms?
a) 10%
b) 15%
c) 20%
d) 25%
e) 30%
b) 15%
RBI restricts a financial institution’s lending exposure to individual borrowers to prevent excessive risk.
7. Why did SBI’s request to remove GST on co-lending transactions get rejected?
a) The government sees co-lending as a taxable financial service
b) The banking sector already enjoys tax exemptions
c) The co-lending model lacks proper regulations
d) The GST Council has yet to review the request
e) The RBI opposes tax exemptions for financial services
a) The government sees co-lending as a taxable financial service
Despite SBI’s request, the government maintained GST on co-lending transactions, considering it a financial service.
8. What is a key amendment proposed under India’s Insolvency and Bankruptcy Code (IBC) reforms?
a) Reduction of corporate tax for insolvent firms
b) Separate resolution for assets and businesses
c) Mandatory liquidation of defaulting companies
d) Government takeover of bankrupt firms
e) Increased penalties for loan defaulters
b) Separate resolution for assets and businesses
The amendment aims to speed up insolvency proceedings by resolving businesses and assets separately.
9. What is the purpose of the Citizen Financial Cyber Fraud Reporting System?
a) To track bank transactions above â‚ą1 lakh
b) To detect cyber fraud in online shopping
c) To help victims report financial cyber frauds quickly
d) To regulate cryptocurrency trading
e) To monitor offshore banking transactions
c) To help victims report financial cyber frauds quickly
This initiative provides a platform to report cyber fraud incidents and enables quick action by authorities.
10. What was a major cyber fraud case in India involving Aadhaar data?
a) 1.1 billion records were exposed in 2018
b) â‚ą20 lakh stolen via Canara Bank ATMs
c) 300 phone numbers targeted by Pegasus spyware
d) â‚ą500 crore lost in banking scams
e) Bank account details leaked in 2022
a) 1.1 billion records were exposed in 2018
The Aadhaar data leak in 2018 was one of India’s biggest cyber fraud incidents, exposing sensitive personal information.
