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Daily Current Affairs
23 April, 2025
1. What is the primary objective of India’s engagement with the Arctic’s Northern Sea Route (NSR)?​
- A) To establish military bases in the Arctic
- B) To explore deep-sea mining opportunities
- C) To develop a shorter maritime trade route
- D) To conduct scientific research on polar bears
- E) To promote tourism in the Arctic region​
Answer: C) To develop a shorter maritime trade route Explanation: India’s interest in the NSR stems from its potential to serve as a shorter maritime trade route, reducing shipping time and costs between Asia and Europe.
2. What change did the RBI implement regarding the Liquidity Coverage Ratio (LCR) for non-financial entities?​
- A) Increased the run-off factor to 100%
- B) Reduced the run-off factor to 40%
- C) Eliminated the run-off factor requirement
- D) Applied a uniform run-off factor of 50%
- E) Introduced a new run-off factor of 60%​
Answer: B) Reduced the run-off factor to 40% Explanation: The RBI reduced the run-off factor for deposits from non-financial entities, such as trusts and partnerships, from 100% to 40%, easing liquidity requirements for banks.
3. What is the purpose of the RBI’s Standing Deposit Facility (SDF)?​
- A) To provide long-term loans to banks
- B) To absorb excess liquidity from the banking system
- C) To offer emergency funding to NBFCs
- D) To regulate foreign exchange rates
- E) To support agricultural financing​
Answer: B) To absorb excess liquidity from the banking system Explanation: The SDF is a tool used by the RBI to absorb surplus liquidity from the banking system without providing collateral, helping manage inflation and ensure monetary stability.
4. What trend was observed in private banks’ hiring practices in FY25?​
- A) Significant increase in hiring
- B) No change in hiring patterns
- C) Slowdown in hiring despite branch expansion
- D) Complete hiring freeze
- E) Shift towards hiring only contractual employees​C4S Courses
Answer: C) Slowdown in hiring despite branch expansion Explanation: Private banks experienced a slowdown in hiring during FY25, even as they continued to expand their branch networks, possibly due to increased digitization and cost-cutting measures.
​5. What was the trend in India’s Net Foreign Direct Investment (FDI) as reported by the RBI?​
- A) Sharp increase in net FDI
- B) Sharp decline in net FDI
- C) No significant change in net FDI
- D) Net FDI remained stable
- E) Net FDI turned negative​
Answer: B) Sharp decline in net FDI Explanation: The RBI reported a sharp decline in India’s net FDI, indicating that while gross FDI inflows remained strong, outflows or repatriations increased, affecting the net figures.
​6. What does a decline in the Rupee’s Real Effective Exchange Rate (REER) indicate?​
- A) Appreciation of the Rupee
- B) Depreciation of the Rupee
- C) Stability in the Rupee’s value
- D) Increased purchasing power of the Rupee
- E) No impact on trade competitiveness​
Answer: B) Depreciation of the Rupee Explanation: A decline in the REER suggests that the Rupee has depreciated in real terms against a basket of currencies, potentially making exports more competitive but imports more expensive.
​7. What factors contributed to the Indian economy’s resilience amid global trade tensions?​
- A) High inflation and fiscal deficits
- B) Strong domestic demand and robust banking sector
- C) Dependence on exports
- D) Weak regulatory framework
- E) Decline in foreign investments​
Answer: B) Strong domestic demand and robust banking sector Explanation: India’s economy showed resilience due to strong domestic consumption and a stable banking sector, which helped mitigate the impact of global trade uncertainties.
​8. What is the forecasted impact of the 2025 monsoon on India’s agricultural sector?​
- A) Below-average rainfall leading to drought conditions
- B) Normal monsoon supporting stable agricultural output
- C) Excessive rainfall causing widespread flooding
- D) Delayed monsoon onset affecting sowing schedules
- E) Erratic monsoon patterns leading to crop failures​
Answer: B) Normal monsoon supporting stable agricultural output Explanation: The 2025 monsoon is forecasted to be normal, which is expected to support stable agricultural production and help control food inflation.
9. Which climate factors are influencing the 2025 monsoon forecast in India?​
- A) La Niña and Indian Ocean Dipole
- B) El Niño and Western Disturbances
- C) North Atlantic Oscillation and Jet Streams
- D) Arctic Oscillation and Solar Flares
- E) Pacific Decadal Oscillation and Cyclonic Activity​
Answer: A) La Niña and Indian Ocean Dipole Explanation: The 2025 monsoon forecast is influenced by climate factors such as La Niña and the Indian Ocean Dipole, which play significant roles in determining monsoon patterns in India.
​10. What is the significance of the Indian government’s investment in deep-sea mining initiatives like ‘Samudrayaan’ and ‘Matsya 6000’?​
- A) To boost inland fisheries and aquaculture
- B) To explore and harness marine resources for economic growth
- C) To develop underwater tourism infrastructure
- D) To study marine biodiversity for conservation efforts
- E) To establish naval dominance in the Indian Ocean​
Answer: B) To explore and harness marine resources for economic growth Explanation: The Indian government’s investment in deep-sea mining initiatives like ‘Samudrayaan’ and ‘Matsya 6000’ aims to explore and utilize marine resources, contributing to economic development and resource security.
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