Daily Quiz: 13 February 2025

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Daily Current Affairs
13 February, 2025

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1. What is the primary objective of the India-Middle East-Europe Economic Corridor (IMEC)?

A) Strengthening defense ties between India and Europe
B) Enhancing trade and transport connectivity
C) Promoting cultural exchange between Middle Eastern and Indian states
D) Developing a new international financial system
E) Establishing a common currency for participating nations

2. What is the main goal of the Hyderabad Bird Atlas Project?

A) To study the migration patterns of rare bird species
B) To track bird population trends for conservation and urban planning
C) To create artificial bird habitats in Hyderabad
D) To promote eco-tourism in Telangana
E) To establish Hyderabad as a global bird-watching destination

3. How is TRAI improving consumer protection in telecom services?

A) By implementing AI-based spam detection
B) By reducing call and data tariffs
C) By banning all telemarketing companies
D) By increasing the number of telecom operators
E) By mandating telecom operators to provide free DND services

4. Why did the RBI impose and later remove restrictions on Kotak Mahindra Bank?

A) Due to violations in foreign exchange transactions
B) Due to IT system-related compliance issues
C) Due to non-compliance with capital adequacy norms
D) Due to financial fraud allegations
E) Due to under-reporting of non-performing assets

5. What is the major concern highlighted in the RBI Consumer Confidence Survey?

A) Rising inflation and increasing interest rates
B) Stagnant incomes and job insecurity
C) Surge in foreign investments in India
D) Decline in consumer spending on essential goods
E) Increased demand for real estate and luxury goods

6. What is a key feature of the new Income Tax Bill, 2025?

A) Introduction of a ‘Tax Year’ concept
B) Removal of tax slabs for individual taxpayers
C) Increase in corporate tax rates
D) Introduction of a new wealth tax
E) Abolition of income tax for people below 40 years

7. Why has rural inflation remained higher than urban inflation in India?

A) Higher demand for luxury goods in rural areas
B) Higher food and essential goods price inflation in rural areas
C) Increased agricultural subsidies leading to inflation
D) Strong purchasing power of rural consumers
E) Growth in rural industries driving inflation

8. What is the purpose of the NCAER’s recommendation to set up independent fiscal councils in states?

A) To increase state-level taxation powers
B) To promote fiscal transparency and better financial governance
C) To privatize state-owned enterprises
D) To increase state-level borrowing limits
E) To create a uniform tax structure across all states

9. What is a major limitation of NITI Aayog’s Fiscal Health Index (FHI)?

A) It does not measure public service provision quality
B) It excludes fiscal deficit calculations
C) It does not account for tax collection efficiency
D) It focuses only on debt and ignores revenue trends
E) It is applicable only to Union Government finances

10. What is a significant issue related to state fiscal health measurement in India?

A) Inconsistent GSDP estimates across states
B) Over-reliance on international borrowing
C) Lack of central government funding for states
D) Excessive taxation at the state level
E) High levels of private sector intervention in governance