IRDAI Phase II Mains English Descriptive Previous Year Questions and Model Answer 2024 Section Word Limit Marks Details Essay 500 words 30 Topics: 1. Strategies for Insurance for all by 2047 in India 2. Pros and Cons of Artificial Intelligence 3. The power of positive thinking Precis 150 words 15 Summarize the given passage concisely while retaining its core meaning.1. Women participation in the labor force and women empowerment Letter 200 words 20 – Formal: Write to the commissioner about the dog menace in your society. – Informal: Write to your nephew regarding the spread of fake news on social media. Expansion 100 words 15 Expand on the given statement: 1. Scope of CSR in India 2. Ethical leadership Reading Comprehension 4 questions (70-80 words each) 20 Topics: 1. Data Analytics in Insurance Model Answer, Word limit, Pattern and Previous Year cutoff for IRDAI Phase II English descriptive question 01. Pattern of Exam Exam Mode Paper Type of Paper No. of Questions Duration Paper 1 Pen and Paper mode/Hybrid General English (33.33%) Descriptive 5 60 minutes NOTE: Descriptive questions will be displayed on screen of your computer. Answers are to be written on separate answer sheets which will be provided at the exam venue. 02. Word Limit for IRDAI English descriptive paper phase II Section Word Limit Marks Details Essay 500 words 30 marks Write a detailed essay on the given topic. Precis 150 words 15 marks Summarize the passage concisely, retaining its essence. Letter 200 words 20 marks Formal or informal letter based on the given prompt. Reading Comprehension 4 questions 20 marks (5 each) Answer questions based on the provided passage. Expansion Statement 100 words 15 marks Expand on the given statement, providing clarity and depth. 03. Stream Wise IRDAI Assistant Manager Cut Off 2023 of IRDAI English descriptive paper phase II Category Prelims Total Marks Prelims Cut Off (%) Mains Total Marks Mains Cut Off (%) Interview Combined Marks (out of 100) General/UR 87.25 25% 183 61% 74.12 EWS 63.75 25% 168 56% 64.37 OBC 80.75 25% 171 57% 67.89 SC 70.25 25% 157 52.33% 66.58 ST 47.75 23.75% 150 50% 65.35 PwBD 39.50 13.75% 146 48.67% 63.11 Note: The IRDAI Assistant Manager Cut Off marks 2024 are decided by the IRDAI. These marks are different for candidates belonging to different categories, and are based on various factors like number of vacancies, number of applicants, highest scores obtained, last year cut off and the difficulty of the paper. 04. Model Answers The length of model answers is more with a greater number of points which will help you to have better idea for the topic and write accordingly as per your need IRDAI Phase II Mains English Descriptive question 2024 1. Strategies for Insurance for all by 2047 in India IntroductionInsurance serves as a critical safety net, fostering economic stability and resilience against risks such as health emergencies, natural disasters, and financial insecurities. Ensuring “Insurance for All” by 2047 is a significant goal for any nation, particularly one like India, where a substantial portion of the population remains uninsured or underinsured. To achieve this ambitious target, multi-pronged strategies, innovative policies, and robust implementation frameworks are required. Insurance Regulatory and Development Authority of India (IRDAI) has committed to enable ‘Insurance for All’ by 2047, where every citizen has an appropriate life, health and property insurance cover and every enterprise is supported by appropriate insurance solutions and also to make Indian insurance sector globally attractive. To attain this objective, efforts are being made towards creating a progressive, supportive, facilitative and a forward-looking regulatory architecture to foster a conducive and competitive environment leading to wider choice, accessibility and affordability to policyholders. This reform agenda taken up by IRDAI derives inspiration from the Government of India’s vision of financial inclusion and strong emphasis on accelerating reforms. The focus of IRDAI is to strengthen the three pillars of the entire insurance ecosystem viz. insurance customers (policyholders), insurance providers (insurers) and insurance distributers (intermediaries) by Strategies Conclusion Achieving “Insurance for All” by 2047 requires a holistic approach involving government, private players, and citizens. As per IRDAI, achieving 100% insurance penetration could add 1.5% to India’s GDP annually, fostering economic stability and resilience. By leveraging technology, increasing financial literacy, and expanding access to affordable insurance products, this vision can become a reality. Empowering every individual with insurance coverage will not only secure their future but also strengthen the nation’s socio-economic fabric. 2. Pros and Cons of Artificial Intelligence Introduction Artificial Intelligence (AI) refers to the simulation of human intelligence in machines programmed to think, learn, and perform tasks autonomously. By leveraging algorithms, data, and computing power, AI powers innovations like chatbots, self-driving cars, and predictive analytics, transforming industries and enabling smarter decision-making across various fields. While AI offers immense potential to drive growth and innovation, it also brings challenges that need careful consideration. The term “father of AI” is often attributed to John McCarthy, an American computer scientist who coined the term “artificial intelligence” and made significant contributions to the field’s early development.The term “Artificial Intelligence” was coined in 1956 at the Dartmouth Conference, marking the formal birth of AI as a field. Early AI focused on problem-solving and logic-based systems, with programs like ELIZA, an early chatbot, gaining attention in the 1960s. Artificial Intelligence has vast applications across diverse fields, revolutionizing how tasks are performed and decisions are made. Key applications include healthcare, finance, transportation, retail and e commerce, education, manufacturing, entertainment, customer service, agriculture and security. Pros of AIArtificial Intelligence offers numerous advantages that enhance efficiency, productivity, and innovation across various fields. AI’s potential to streamline operations and enable smarter solutions continues to transform industries and improve everyday life. Cons of AIWhile Artificial Intelligence offers numerous benefits, it also presents significant challenges and risks. Key disadvantages include: Government Initiatives to Address AI’s Impact Conclusion AI is a double-edged sword, offering transformative benefits while presenting significant challenges. With the right policies, ethical practices, and global collaboration, its potential can be maximized to
SEBI Phase II Mains English Descriptive question 2024
SEBI Phase II Main English Descriptive Previous Year Questions and Model Answer 2024 Section Details Year SEBI 2024 Essay (30 Marks) – Word Limit: 250-270 words – SEBI Asked in 2024: 1. How can environmental social governance norms help in global business prospects (Economy/CA)? 2. How can organisations and management nurture organisational culture? (Management) 3. What role can banks play in pushing social healthcare expenditure? (ESI) 4. One machine can replace 5 average humans, but 5 machines cannot replace 1 smart human. Elaborate. Precis (30 Marks) – Word Limit: 140-160 words1. Dawn of social influencers Reading Comprehension – Marks: 40 – Questions: 5 (70-80 words each) – Previous Year Asked Passages 2024: 1. Evolution of gaming industry since 2000s Exam Pattern – Mode: Online (Typed using keyboard) – Paper: General English (33.33%) – Type of Paper: Descriptive – No. of Questions: 3 – Duration: 60 minutes Previous Year Cutoff To be updated based on available data Model Answer, word limit, pattern and Previous Year cutoff for SEBI Phase II English descriptive question 01. Pattern of Exam Exam Mode Paper Type of Paper No. of Questions Duration Paper 2 Online (typed using keyboard) General English (33.33%) Descriptive 3 60 minutes 02. Word Limit for SEBI Grade A English descriptive online paper phase II Section Word Limit Details Essay 250-270 words Write a detailed essay on the given topic. Reading Comprehension 5 questions, 70-80 words each Answer questions based on a given passage. Precis 140-160 words Summarize the given passage concisely while retaining its essence. 03. Cutoff of SEBI English descriptive paper phase II – Paper -2 04. Model Answers The length of model answers are more with more number of points which will help you to have better idea for the topic and write accordingly as per your need SEBI Previous Year Question Section 01. How can environmental social governance norms help in global business prospects? IntroductionEnvironmental, social and governance (ESG) is a framework used to assess an organization’s business practices and performance on various sustainability and ethical issues. It also provides a way to measure business risks and opportunities in those areas. In capital markets, some investors use ESG criteria to evaluate companies and determine their investment plans, a practice known as ESG investing. In the face of increasing environmental challenges and societal expectations, businesses worldwide are embracing environmental and social norms to align with sustainability and ethical practices. These norms, rooted in addressing climate change, promoting social equity, and ensuring responsible corporate behaviour, are instrumental in shaping global business prospects. By integrating these norms into their strategies, companies are not only contributing to global well-being but also unlocking significant business opportunities. ESG’s three core principlesAs the number of ESG funds for managing investments increases, business and IT leaders are increasingly paying attention to ESG as a functional approach to doing business. Each aspect of ESG plays an important role in the effort to increase a company’s focus on sustainable and ethical practices. The following are details on common ESG criteria companies and investors use.EnvironmentalEnvironmental factors involve considerations of an organization’s overall effect on the environment and the potential risks and opportunities it faces because of environmental issues, such as climate change and measures to protect natural resources.Examples include Energy consumption and efficiency, Carbon footprint including greenhouse gas emissions, Waste management, Air and water pollution, Biodiversity loss, Deforestation, Natural resource depletion. SocialSocial factors address how a company treats different groups of people and its social impact, including employees, suppliers, customers and community members.Examples include Fair pay for employees including a living wage, Diversity, equity and inclusion programs, Employee experience and engagement, Workplace health and safety, Data protection and privacy policies, Fair treatment of customers and suppliers, Customer satisfaction levels, Community relations including the organization’s connection to and impact on the local communities in which it operates, Funding of projects or institutions that help poor and underserved communities and Support for human rights and labour standards. GovernanceGovernance factors examine how a company polices itself, focusing on internal controls and practices to maintain compliance with regulations, industry best practices and corporate policies. Examples include Company leadership and management, Board composition, including its diversity and structure, Executive compensation policies, financial transparency and business integrity, Regulatory compliance and risk management initiatives, Ethical business practices.Rules on corruption, bribery, conflicts of interest, and political donations and lobbying. ESG norms to promote global business prospects Conclusion Environmental and social norms are no longer peripheral considerations but central to global business success. By aligning with these norms, businesses can enhance consumer trust, attract investments, ensure regulatory compliance, drive innovation, and expand market access. Supported by government initiatives such as the EU Green Deal, India’s green bond framework, and the U.S. Inflation Reduction Act, these norms offer a pathway to sustainable growth. As the global economy transitions toward sustainability, businesses that embrace environmental and social norms will not only contribute to a better world but also secure their place in the competitive global market 02. How can organisations and management nurture organisational culture? “Positive culture comes from being mindful and respecting your co-workers, and being empathetic” Biz StoneA strong company culture encourages teamwork and collaboration, which binds employees with trust and support for each other. This unity helps break down silos which result in better communication, innovation, and effective problem-solving among employees. The work culture is a product of its history, traditions, values and vision. Importance of work culture in the success of an organisationTransparency, innovation and discipline: Healthy work culture promotes transparency, innovation and discipline in an organisation.Reduced Conflicts: Good work culture promotes effective communication and helps in reducing conflicts among individuals/team during work.Increases Productivity and Quality: Transparency, responsibility, unbiased are underpinnings of good work culture. These will enable individuals and teams to become self-organized which in turn improves quality and productivity.Sustainable Work: Good work culture includes peer respect, recognition of hard work, and freedom to bring new ideas (innovation). These will help in long term prospects of the organization.Effective Communication: Healthy work culture provides a platform
RBI Grade B Phase II English Descriptive Question & Analysis 2024
RBI Grade B Stage II English Descriptive Previous Year Questions and Model Answer 2024 Section Details Essay (40 Marks) Write a 550-600 word essay on one of the given topics. Precis (30 Marks) Write a precis in 180-200 words. Reading Comprehension (30 Marks) Answer 6 questions based on the passage, with each answer being 50-60 words long. Essay Topics 1. How does climate change impact global migration, and what are the effects on both origin and destination countries?2. How can an organization foster employees’ well-being by prioritizing mental health for overall success?3. Discuss the social, economic, and environmental impacts of hosting the Olympics in India.4. “Anyone who stops learning is old, whether at 20 or 80. Anyone who keeps learning stays young. The greatest thing in your life is to keep your mind young.” Elaborate. Passage Topics for Precis 1. Can AI replace a CEO in an organization in the near future? Reading comprehension 1. Customer-Relationship Management and its effect on sales Model Answer, word limit, pattern and Previous Year cutoff for RBI Phase II English descriptive question 01. Pattern of Exam for RBI grade B English descriptive phase 2 online exam Exam Mode Paper Type of Paper No. of Questions Duration Weightage Marks Paper 2 Online (Typed using Keyboard) General English Descriptive 3 90 minutes 33% 100 02. Word Limit for RBI Grade B English descriptive online paper phase II Section Word Limit Marks Details Essay 600 words 40 marks Comprehensive essay on a given topic Precis 180-200 words 30 marks Summarizing a passage concisely Reading Comprehension 5-6 questions (50-60 words each) 30 marks (5-6 marks each) Based on a provided passage 03. Cutoff of RBI grade B exam English descriptive phase 2 for 2023 Aggregate cutoff marks to qualify for interview round. There is no separate cutoff for English but aggregate cutoff to of all three paper to get a call for interview Here’s the table for your data presented in a clear and structured format: Recruitment Stage Category General OBC SC ST EWS PwBD Aggregate cut-off marks in Paper-I, II, and III (out of 300) Cut-off Marks 169.00 169.00 156.50 148.50 169.00 148.00 Aggregate marks in Paper-I, II, III, and Interview (out of 375) obtained by the last recommended candidate General 229.00 221.75 213.75 203.25 194.00 202.75 (GEN)167.75 (EWS)No PwBD Candidate qualified in SC, ST and OBC category Important Note: As of now, the RBI Grade B 2024 interviews are already over and results are awaited. RBI usually releases the cut-offs for Phase 2 and final selection after the completion of the entire recruitment process for the 2024 cycle. 04. Model Answers Essay questions asked in RBI grade B English descriptive phase 2 online exam 2024 The length of model answers is more with a greater number of points which will help you to have better idea for the topic and write accordingly as per your need Question and Answer Section 1.How does climate change impact global migration, and what are the effects on both origin and destination countries? Introduction:Climate change has emerged as a significant driver of global migration, reshaping patterns of human movement and exerting profound effects on both origin and destination countries. The interplay between environmental changes, socio-economic conditions, and migration decisions illustrates the complex and multifaceted nature of this phenomenon.As early as 1990 the Intergovernmental Panel on Climate Change (IPCC) noted that the greatest single impact of climate change might be on human migration—with millions of people displaced by shoreline erosion, coastal flooding and agricultural disruption. Since then, successive reports have argued that environmental degradation, and in particular climate change, is poised to become a major driver of population displacement—a crisis in the making.Professor Myers’ estimate of 200 million climate migrants by 2050 has become the accepted figure—cited in respected publications from the IPCC to the Stern Review on the Economics of Climate Change. Climate Change as a Driver of MigrationClimate change influences migration through two primary pathways:Extreme Weather EventsDisasters like heat waves, droughts, floods, and wildfires cause short-term population displacement The impact of climate change as a driver of future forced migration depends on several factors: Climate change influences migration through a variety of pathways: The departure of individuals due to climate change leaves profound effects on their home regions:The World Bank estimates regions like Latin America, South Asia and Sub-Saharan Africacould produce 143 million internal climate migrants by 2050. Effects on Destination Countries Countries receiving climate migrants face their own set of challenges and opportunities: Global Implications The relationship between climate change and migration transcends national borders, necessitating international cooperation: Government Initiatives Regarding Migration India’s Climate Change Mitigation Initiatives Conclusion Climate change is reshaping migration patterns and posing challenges that require a comprehensive, multi-level response. Both origin and destination countries face unique effects, from economic and demographic shifts to social and environmental challenges. Addressing these issues demands proactive policies that combine climate mitigation, adaptation strategies, and support for displaced populations. Only through global cooperation and sustainable development can humanity effectively manage the complex interplay between climate change and migration. PYQ 2. How can an organization foster employees well- being by prioritizing mental health for overall success? Introduction The theme of World Mental Health Day (October 10) 2023 is ‘mental health as a universal human right’. A segment often overlooked when it concerns mental health is the informal worker. A study by the International Labour Organization (ILO) says that 15% of working-age adults, globally, live with a mental disorder. Companies with high levels of employee engagement are 22% more profitable than low levels of employee engagement.In today’s fast-paced and competitive work environment, the mental health of employees has become an essential component of organizational success. An organization that prioritizes mental health fosters a culture of care, boosts employee satisfaction, and ultimately enhances overall productivity. Addressing mental health not only helps individuals lead healthier lives but also creates a positive work environment that benefits the entire organization. This essay explores the importance of prioritizing mental health and offers strategies for fostering employee
Daily Quiz: 26 & 27 January 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Daily Current Affairs Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs26 & 27 January, 2025 1. What is the main objective of the Paris Agreement? a) Reduce carbon emissions by 50% by 2050b) Limit global warming to 1.5°C above pre-industrial levelsc) Achieve 100% renewable energy adoption worldwided) Eliminate greenhouse gas emissions by 2030e) Enforce climate action globally through sanctions 2. Which initiative under India’s TB Elimination Programme focuses on nutritional support for TB patients? a) Nikshay Mitra Initiativeb) Pradhan Mantri Arogya Yojanac) Nikshay Poshan Yojanad) National Health Missione) Ayushman Bharat 3. What is a key feature of Multi-Asset Allocation Funds? a) Investments in a single asset classb) High-risk investments with no diversificationc) Diversification across equity, debt, gold, and commoditiesd) Focus solely on equity market growthe) Provides fixed returns 4. Which country recently joined BRICS with India’s support? a) Vietnamb) Philippinesc) Indonesiad) Malaysiae) Thailand 5. What percentage of India’s GDP is allocated to public health expenditure? a) 1.9%b) 3%c) 5%d) 2.5%e) 4% 6. What is the repayment moratorium period under SBI’s Global Ed-Vantage Scheme? a) 3 months after course completionb) 6 months after course completionc) 1 year before course completiond) During the course duration onlye) No moratorium period 7. Which issue was highlighted in the RBI Ombudsman Annual Report for FY24? a) Decline in retail credit growthb) Increasing complaints about high-interest rates on unsecured loansc) Better lending practices by fintech companiesd) Reduced consumer distress in urban arease) Decreasing number of complaints in rural areas 8. What is the RBI’s current CPI inflation target range? a) 3-4%b) 5-6%c) 4-5%d) 6-7%e) 2-3% 9. Which program supports TB elimination through corporate social responsibility (CSR)? a) Nikshay Poshan Yojanab) Pradhan Mantri TB Mukt Bharat Abhiyaanc) Swachh Bharat Abhiyand) National Health Missione) Ayushman Bharat 10. What is one of the main risks identified in the RBI MPC Meeting for FY25? a) Decreasing private consumptionb) Sticky core inflation despite easing food pricesc) Overvalued rupee boosting inflationd) Reduced fiscal spendinge) Decline in GDP growth to below 5%
Daily Quiz: 25 January 2025
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Daily Quiz: 24 January 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Current Affairs Daily Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs24 January, 2025 1. What is the primary reason for the US withdrawal from the World Health Organization (WHO)? 2. Which law governs the resolution of inter-state water disputes in India? 3. What was the TB mortality rate per lakh population in India in 2022 as per the India TB Report 2024? 4. Which act allows the Indian government to seize properties belonging to enemy nationals? 5. Which government initiative aims to provide loans to small businesses and entrepreneurs? 6. What is the purpose of the RBI’s Variable Rate Repo (VRR)? 7. What is SEBI’s proposed “when listed” segment related to? 8. What was the primary focus of the World Bank report “Poverty, Prosperity, and Planet”? 9. How does the adoption of drones benefit agriculture? 10. What percentage of the WHO’s budget was contributed by the US before its withdrawal?
Daily Quiz: 23 January 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Current Affairs Daily Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs23 January, 2025 1. Which of the following is NOT a tier in the U.S. Export Controls on AI chips? 2. What is the primary reason India faces restrictions in accessing advanced AI chips under U.S. export controls? 3. What is the estimated increase in EPFO member additions in the latest report? 4. What is one major challenge facing the ‘Beti Bachao Beti Padhao’ scheme? 5. Which region in India is the largest producer of jute? 6. What percentage of India’s GDP was lost due to climate change in 2022? 7. What is India’s target for non-fossil fuel capacity by 2030? 8. What factor differentiates Tier 3 countries under U.S. export controls? 9. What was the MSP for jute for the 2025–26 season? 10. What was one of the key reasons for the U.S.’s withdrawal from the Paris Climate Deal?
Daily Quiz: 22 January 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Current Affairs Daily Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs22 January, 2025
Daily Quiz: 21 January 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Current Affairs Daily Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs21 January, 2025 1. What is the main objective of the Paris Agreement’s Nationally Determined Contributions (NDCs)? a) To set binding climate goals for all countriesb) To reduce emissions by 50% by 2030c) To voluntarily set climate targets and review them every five yearsd) To provide financial support to vulnerable countriese) To impose sanctions on non-compliant countries 2. What is the primary goal of the India-Middle East-Europe Economic Corridor (IMEC)? a) To promote trade between India and the United Statesb) To establish a new trade route to Africac) To connect India, the Middle East, and Europe for enhanced traded) To increase imports from Chinae) To reduce dependency on renewable energy sources 3. Which of the following countries has committed to achieving carbon neutrality under the Paris Agreement? a) United Statesb) Australiac) Indiad) Japane) Bhutan 4. What is the role of the World Economic Forum (WEF) in global affairs? a) Promoting international trade agreementsb) Fostering public-private cooperation to address global challengesc) Enforcing environmental regulationsd) Organizing diplomatic summitse) Dictating foreign policy for member countries 5. What is the core principle behind the Uniform Civil Code (UCC) in India? a) To ensure religious freedomb) To provide equal rights to all citizens in personal mattersc) To promote religious diversityd) To introduce stricter laws for minoritiese) To reduce the influence of the judiciary 6. What is the primary goal of the SEBI’s proposed revisions to the Social Stock Exchange (SSE) framework? a) To attract more foreign investmentb) To improve transparency and governance in the social sectorc) To encourage private sector involvement in the SSEd) To limit the scope of social enterprisese) To focus solely on financial reporting 7. Which of the following tribes in India has been recommended for inclusion in the Scheduled Castes or Scheduled Tribes lists by NITI Aayog? a) Dalitsb) Scheduled Tribes of the North-Eastc) De-Notified, Nomadic, and Semi-Nomadic Tribesd) Scheduled Castes of Southern Indiae) Tribal communities of Central India 8. Which of the following is a primary challenge in the implementation of the India-Middle East-Europe Economic Corridor (IMEC)? a) Support from the United Nationsb) Infrastructure gaps and logistical complexitiesc) High tariffs from European countriesd) Political unrest in Europee) Lack of private sector interest 9. What is the purpose of the Dam Safety Act of 2021? a) To regulate the construction of new damsb) To ensure safety and monitoring of existing damsc) To promote the use of hydroelectric powerd) To replace older dams with modern onese) To provide funding for dam projects 10. What is the role of the Convention on International Trade in Endangered Species (CITES)? a) To regulate the international trade of goodsb) To ensure the protection of endangered species through controlled tradec) To manage wildlife reserves across the globed) To regulate fishing in international waterse) To enforce laws related to animal poaching
Daily Quiz: 19 & 20 January 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Current Affairs Daily Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs19 & 20 January, 2025 1. What is the primary objective of the Generalized System of Preferences (GSP)? A) To increase tariffs on imported goodsB) To reduce trade barriers for developing countriesC) To increase export duties on certain goodsD) To establish a single global trade agreementE) To restrict access to developed countries’ markets 2. What is the key benefit of India’s Trade and Economic Partnership Agreement (TEPA) with EFTA? A) It imposes stricter trade restrictions on Switzerland.B) It guarantees $100 billion in investments over 15 years.C) It eliminates all tariffs on Indian agriculture products.D) It excludes the services sector from market access.E) It forces India to privatize all its industries. 3. What is the main purpose of the Beti Bachao, Beti Padhao (BBBP) Scheme? A) To decrease the number of girls in IndiaB) To improve healthcare for womenC) To address declining child sex ratios and improve the welfare of girl childrenD) To establish women-only education institutionsE) To promote financial literacy among girls 4. What is the feature of the Ayushman Bharat Digital Health Account (ABHA)? A) It is a physical health card distributed to all citizens.B) It is a 14-digit number for secure digital health record storage and sharing.C) It only applies to government employees.D) It replaces traditional healthcare insurance.E) It requires biometric identification for registration. 5. What is the role of Business Correspondents (BCs) in banking services? A) To provide banking services only in urban areasB) To provide banking services in underserved and rural areasC) To offer loans to small businesses exclusivelyD) To manage government-to-consumer servicesE) To audit financial institutions 6. What is the Real Effective Exchange Rate (REER) used to measure? A) A country’s fiscal deficitB) A currency’s value relative to a basket of currencies adjusted for inflationC) The interest rates of a country’s central bankD) The inflation rate in domestic marketsE) The consumer price index 7. Which of the following is NOT a challenge faced by India’s Insolvency and Bankruptcy Code (IBC)? A) Institutional inefficiencies in NCLT/NCLATB) Delays in procedural resolutionsC) Lack of specialized knowledgeD) Excessive capital allocationE) Complex judicial processes 8. What does the National Policy Framework on Agricultural Marketing (NPFAM) promote? A) Increased importation of agricultural goodsB) Reduction in the number of farmers’ marketsC) Empowering farmers with better market access and competitive pricingD) Restricting direct procurement from farmsE) Introduction of global trading systems for agriculture 9. What is the primary aim of the Take-Home Ration (THR) program? A) To distribute cooked meals in urban areasB) To combat malnutrition in pregnant women, lactating mothers, and childrenC) To reduce the importation of fortified food itemsD) To promote the production of organic foodE) To provide free healthcare to children 10. Which of the following is a consequence of Nigeria joining BRICS? A) It will reduce BRICS trade restrictions.B) It will increase Nigeria’s global economic cooperation.C) It will diminish India’s economic influence in Africa.D) It will impose trade tariffs on BRICS nations.E) It will restrict Nigeria’s participation in global trade.