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Daily Current Affairs
11 February, 2025
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1. What is the primary reason behind the Supreme Court’s concern over the criminalization of politics in India?
A) Increasing corruption in the judiciary
B) Rising number of lawmakers with criminal cases
C) Lack of voter awareness in elections
D) Weak economic policies of the government
E) Overburdened election commissions
Answer: B) Rising number of lawmakers with criminal cases
Explanation:
The Supreme Court is concerned about the increasing number of Indian MPs with criminal records. Data presented showed that 46% of Lok Sabha MPs have pending criminal cases, with 170 facing serious charges (5+ years imprisonment). This threatens democratic integrity and calls for stricter electoral reforms.
2. What was the key commitment made in the India-EFTA trade deal?
A) Investment of $50 billion over 10 years
B) Tariff-free access to EU markets
C) A $100 billion investment over 15 years
D) Establishment of a common currency
E) The inclusion of China as a trading partner
Answer: C) A $100 billion investment over 15 years
Explanation:
The India-EFTA trade deal promises $100 billion investment from EFTA nations (Iceland, Liechtenstein, Norway, and Switzerland) over 15 years, creating millions of jobs and facilitating industrial growth in India.
3. What is the significance of Saudi Arabia’s stance on Trump’s Gaza proposal?
A) It supports relocating the Palestinian population to Egypt
B) It insists on a two-state solution before normalizing ties with Israel
C) It is willing to fund the reconstruction of Gaza unconditionally
D) It seeks direct military intervention in the region
E) It remains neutral and does not involve itself in geopolitical issues
Answer: B) It insists on a two-state solution before normalizing ties with Israel
Explanation:
Saudi Arabia’s Crown Prince MbS opposed Trump’s proposal to relocate Gaza’s population, demanding a two-state solution before establishing diplomatic ties with Israel. This stance significantly impacts West Asian geopolitics.
4. What is the main objective of the Market Intervention Scheme (MIS)?
A) To stabilize fuel prices
B) To ensure a fixed minimum support price for all crops
C) To stabilize prices of perishable crops like onions and tomatoes
D) To encourage farmers to grow only export-quality crops
E) To reduce government spending on agriculture subsidies
Answer: C) To stabilize prices of perishable crops like onions and tomatoes
Explanation:
MIS is designed to prevent drastic price drops of perishable crops (e.g., tomatoes, onions, and potatoes). It is activated when market prices fall by at least 10% compared to the previous season.
5. What is the key feature of RBI’s new guidelines on gold auctions?
A) Auctions must be conducted exclusively by private firms
B) Borrowers have the right to participate in auctions
C) The reserve price is set at 75% of the average market value
D) Gold auctions will be banned for loans below â‚ą1 lakh
E) Only public sector banks can conduct auctions
Answer: B) Borrowers have the right to participate in auctions
Explanation:
RBI’s new guidelines mandate that borrowers must be allowed to participate in gold auctions. The reserve price is set at a minimum of 85% of the 30-day average price of 22-carat gold.
6. What is a Non-Deliverable Forward (NDF)?
A) A financial contract involving the direct exchange of two currencies
B) A futures contract for agricultural commodities
C) A financial contract that settles currency fluctuations in cash without exchanging actual currency
D) A bond issued by central banks to regulate the money supply
E) A tool used for hedging against stock market volatility
Answer: C) A financial contract that settles currency fluctuations in cash without exchanging actual currency
Explanation:
NDFs are financial contracts used to hedge against currency fluctuations in restricted markets. They are settled in cash, usually in USD, without an actual exchange of currencies.
7. What major shift did the Indian government make in its disinvestment strategy for Budget 2025-26?
A) Privatization of all loss-making PSUs
B) Renaming disinvestment under “miscellaneous capital receipts”
C) Eliminating privatization as a policy
D) Selling off public sector banks to foreign investors
E) Increasing direct taxation to compensate for low disinvestment revenue
Answer: B) Renaming disinvestment under “miscellaneous capital receipts”
Explanation:
Instead of explicitly mentioning disinvestment, the government grouped it under “miscellaneous capital receipts” in Budget 2025-26. This change reflects a policy shift, as privatization targets have been consistently missed.
8. What was the primary reason for India reducing tariffs on U.S. goods like pecan nuts?
A) To promote domestic farming of pecan nuts
B) To encourage more foreign direct investment from the U.S.
C) To ease trade tensions and negotiate better market access
D) To comply with WTO regulations on tariff caps
E) To increase export revenue from Indian spices
Answer: C) To ease trade tensions and negotiate better market access
Explanation:
India reduced tariffs on U.S. goods, including pecan nuts, to improve trade relations. Negotiations include restoring India’s GSP benefits and discussing a potential Free Trade Agreement.
9. How is India positioning itself in the Global South strategy?
A) By aligning completely with China’s economic policies
B) By focusing solely on European trade relations
C) By balancing ties with developed nations and the Global South
D) By cutting off diplomatic relations with Western countries
E) By enforcing protectionist policies to restrict imports
Answer: C) By balancing ties with developed nations and the Global South
Explanation:
India is positioning itself as a leader in the Global South by maintaining strong diplomatic relations with developed nations while countering China’s influence in emerging economies.
10. What was a key outcome of the UK-India Defence Partnership Initiative (DPI)?
A) The UK will station troops in India permanently
B) India will procure only British defense equipment
C) Enhanced cooperation in missile systems and naval propulsion
D) India will establish military bases in the UK
E) India will shift entirely to Western defense technologies
Answer: C) Enhanced cooperation in missile systems and naval propulsion
Explanation:
The DPI aims to strengthen UK-India defense ties through agreements on missile systems, joint manufacturing, and naval propulsion technology, boosting India’s defense capabilities.
