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Daily Current Affairs
1 December, 2025
1. NITI Aayog’s Fiscal Health Index 2025 identifies which state as the top performer with the highest overall index score?
A. Maharashtra
B. Odisha
C. Goa
D. Chhattisgarh
E. Jharkhand
Answer: B. Odisha
Explanation: Odisha topped the FHI 2025 with the highest score of 678, leading in both the Debt Index (990) and Debt Sustainability (640).
2. Which states fall under the “Aspirational States” category in the Fiscal Health Index 2025?
A. Odisha, Goa, Chhattisgarh, Jharkhand
B. Maharashtra, UP, Telangana, MP
C. Tamil Nadu, Bihar, Rajasthan, Haryana
D. Punjab, Andhra Pradesh, West Bengal, Kerala
E. Karnataka, Telangana, Haryana, Punjab
Answer: D. Punjab, Andhra Pradesh, West Bengal, Kerala
Explanation: These states face challenges like low revenue mobilization, high deficits, and poor debt sustainability.
3. According to the ILO’s World Social Protection Report 2024–26, India’s social protection coverage increased to what percent in 2024?
A. 24.4%
B. 35.7%
C. 48.8%
D. 55.2%
E. 65%
Answer: C. 48.8%
Explanation: India’s welfare reach doubled from 24.4% (2021) to 48.8% (2024).
4. In the Asia Power Index 2025, India has been upgraded to which status?
A. Emerging Power
B. Middle Power
C. Regional Power
D. Major Power
E. Global Power
Answer: D. Major Power
Explanation: India ranked 3rd and crossed the API-defined threshold for “major power” for the first time.
5. Crisil and AMFI’s new proposal aims to improve liquidity in which corporate bond segment?
A. AAA only
B. AA–BBB
C. G-secs
D. A–AA
E. BB and below
Answer: B. AA–BBB
Explanation: This segment is illiquid despite high yields; the framework aims to boost trading and price discovery.
6. Which ministry is reviewing the market-making models for sub-AAA corporate bonds?
A. Ministry of Corporate Affairs
B. Ministry of Commerce & Industry
C. Ministry of Finance (DEA)
D. Ministry of MSME
E. RBI
Answer: C. Ministry of Finance (Department of Economic Affairs)
Explanation: DEA launched consultations to develop a formal market-making structure.
7. What is one major advantage of a government-backed market maker for AA–BBB bonds?
A. Higher tax benefits
B. Reduced interest rates for all bonds
C. Ensures continuous two-way quotes and stability
D. Eliminates credit risk
E. Ends dependence on foreign investors
Answer: C. Ensures continuous two-way quotes and stability
Explanation: A government-backed entity provides confidence and liquidity to kick-start the market.
8. Which category of companies will benefit most from a liquid AA–BBB bond market?
A. PSU Maharatnas
B. Large conglomerates
C. MSMEs and mid-tier companies
D. Foreign banks
E. Insurance companies
Answer: C. MSMEs and mid-tier companies
Explanation: These companies rarely get AAA ratings and struggle for debt capital.
9. The Smart Farmer ID Card (SFIC) launched in Puducherry is enabled with which technology?
A. RFID chip
B. QR code
C. Biometric scanner
D. NFC
E. Blockchain
Answer: B. QR code
Explanation: SFIC replaces booklet-style cards and allows real-time verification with QR-code based digital authentication.
10. Saras Food Festival 2025 is organised under which mission?
A. PM-KISAN
B. DAY-NRLM
C. PMFBY
D. PM-FME
E. RKVY
Answer: B. DAY-NRLM
Explanation: The festival showcases rural cuisine and promotes women-led SHGs under the Deendayal Antyodaya Yojana–National Rural Livelihoods Mission.
