Got Questions? We’ve Got Answers!š Whether it’s about exams, career advice, or daily doubts, don’t hesitateāask away!š” Daily Current Affairs Quiz | Daily Quiz for UPSCš” Your Learning Partner Is Just a Click Away!š Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs4 February, 2025 1. Which country recently withdrew from the World Health Organization (WHO), citing bias and poor COVID-19 response? a) Chinab) Russiac) United Statesd) Indiae) France 2. What is the primary objective of Indiaās revised Bilateral Investment Treaty (BIT)? a) To impose trade restrictions on foreign companiesb) To attract more Foreign Direct Investment (FDI)c) To increase government discretion in tax disputesd) To promote domestic-only investmentse) To limit foreign investor rights 3. Which Latin American country recently exited Chinaās Belt and Road Initiative (BRI) due to U.S. pressure? a) Brazilb) Mexicoc) Argentinad) Panamae) Colombia 4. What is the target cargo capacity for Indian Railways under Mission 3000 by 2030? a) 1,000 million tonnesb) 1,500 million tonnesc) 2,000 million tonnesd) 3,000 million tonnese) 5,000 million tonnes 5. What is the main concern of the Supreme Court regarding forest conservation in India? a) Encouraging private forest ownershipb) Reducing deforestation rulesc) Requiring compensatory afforestation before reducing forest landd) Allowing industries to expand freelye) Removing legal protection for state-declared forests 6. What was Indiaās Manufacturing PMI in January 2025, indicating strong economic recovery? a) 42.5b) 50.0c) 57.7d) 60.2e) 72.1 7. What is a major reform proposed in the Union Budget 2025-26 for the financial sector? a) Nationalization of private banksb) 100% FDI in the insurance sectorc) Abolishing the RBId) Reducing MSME credite) Increasing government control over stock markets 8. What is the main reason behind RBIās cautious approach to interest rate cuts? a) High retail inflation (5%)b) Weak economic growthc) Pressure from global investorsd) Increase in government spendinge) Fall in employment rate 9. Which clean energy policy in India focuses on solar irrigation and power plants for farmers? a) UDAY Schemeb) PM-KUSUM Schemec) Smart Cities Missiond) Make in Indiae) Ayushman Bharat 10. Why is the government imposing high customs duties on solar modules and cells? a) To promote Chinese importsb) To boost domestic manufacturing and reduce dependency on Chinac) To discourage renewable energy adoptiond) To increase government tax revenuee) To limit the use of solar energy
Daily Quiz: 3 February 2025
Got Questions? We’ve Got Answers!š Whether it’s about exams, career advice, or daily doubts, don’t hesitateāask away!š” Daily Current Affairs Quiz | Daily Quiz for UPSCš” Your Learning Partner Is Just a Click Away!š Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs3 February, 2025 1. What percentage of foreign employees’ salaries in electronics manufacturing in India will be taxed under the new presumptive tax regime introduced in the 2025 Budget? A) 50%B) 25%C) 10%D) 5%E) 30% 2. Which of the following sectors is expected to double to over $200 billion in the next three to four years due to the reforms in the 2025 Budget? A) Information TechnologyB) PharmaceuticalsC) Electronics ManufacturingD) AgricultureE) Automobile Manufacturing 3. What is the main purpose of the Safe Harbour provision for non-residents in India under the new electronics manufacturing reforms? A) To attract more foreign direct investmentB) To simplify tax procedures for warehousingC) To encourage domestic productionD) To lower corporate tax ratesE) To create more job opportunities 4. What is the projected increase in the income tax collection for the government as per the 2025 Budget? A) 10.1%B) 14.4%C) 12.5%D) 8.2%E) 20% 5. Which sector does the 2025 Budget focus on for enhancing financial inclusion and boosting investments, with an increase in FDI cap? A) TelecomB) InsuranceC) AgricultureD) Real EstateE) Healthcare 6. Under the PM Dhan-Dhanya Krishi Yojana, which districts are targeted for improvement in crop productivity and credit access? A) Urban districtsB) High-income districtsC) 100 low-productivity districtsD) Coastal districtsE) Educationally backward districts 7. What is the increased loan limit under the Kisan Credit Card (KCC) scheme in the 2025-26 Agriculture Budget? A) ā¹2 lakhB) ā¹4 lakhC) ā¹5 lakhD) ā¹3 lakhE) ā¹7 lakh 8. What is the primary challenge related to the privatization of Public Sector Undertakings (PSUs) as outlined in the 2025 Budget? A) High tax ratesB) Competition with international companiesC) Liability and asset issuesD) Lack of foreign investmentE) Unavailability of buyers 9. Which of the following is a major focus of the fisheries sector framework introduced in the 2025 Budget? A) Fisheries sustainability and export opportunitiesB) Providing free fishing equipmentC) Coastal zone developmentD) Setting up fish processing plantsE) Fish farming technology 10. Which of the following is a key challenge for the agriculture sector in India, as highlighted in the 2025 Budget? A) Lack of agricultural machineryB) Food inflation and weather-related risksC) Lack of irrigation facilitiesD) High wages for farm laborE) Low export demand
Daily Quiz: 1 February 2025
Got Questions? We’ve Got Answers!š Whether it’s about exams, career advice, or daily doubts, don’t hesitateāask away!š” Daily Current Affairs Quiz | Daily Quiz for UPSCš” Your Learning Partner Is Just a Click Away!š Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs1 February, 2025 1. What is the fiscal deficit target for India in the Union Budget 2025? A) 3.9% of GDPB) 4.4% of GDPC) 5.2% of GDPD) 4.9% of GDPE) 6.0% of GDP 2. According to the Economic Survey 2024-25, what is Indiaās projected GDP growth rate for FY25? A) 5.5%B) 6.4%C) 7.2%D) 6.8%E) 5.9% 3. Which initiative received ā¹1 lakh crore allocation for digital advancements in Budget 2025? A) Blockchain Banking & FinTechB) Artificial Intelligence, Quantum Computing & SemiconductorsC) 6G & Satellite Internet ExpansionD) Indiaās Space Tech Innovation MissionE) Cybersecurity & National Data Infrastructure 4. What is the primary focus of Indiaās first Nuclear Energy Mission announced in Budget 2025? A) Achieving 100 GW nuclear power capacity by 2047B) Phasing out coal power plants by 2035C) Establishing Indiaās first nuclear-powered smart cityD) Developing hydrogen-based nuclear fusion technologyE) Exporting nuclear technology to neighboring countries 5. As per Economic Survey 2024-25, what is the current unemployment rate in India? A) 4.9%B) 6.0%C) 3.2%D) 2.5%E) 5.4% 6. What is the estimated transaction value of UPI payments in India for FY24? A) ā¹1 lakh billionB) ā¹2 lakh billionC) ā¹5 lakh billionD) ā¹3 lakh billionE) ā¹1.5 lakh billion 7. Which sector witnessed the highest Compound Annual Growth Rate (CAGR) in Indian agriculture (2011-22)? A) FisheriesB) PulsesC) Livestock & MilkD) Cereals & OilseedsE) Horticulture 8. What is the primary concern raised in the Economic Survey 2024-25 regarding AI adoption in the banking sector? A) AI-driven job lossesB) Cybersecurity threats from AIC) Over-reliance on imported AI technologiesD) AI-driven inflation riskE) AI-induced economic slowdown 9. How much has the government allocated for Green Hydrogen initiatives in Budget 2025? A) ā¹12,500 croreB) ā¹19,000 croreC) ā¹25,000 croreD) ā¹10,000 croreE) ā¹15,500 crore 10. What percentage of India’s workforce is employed in the services sector as per Economic Survey 2024-25? A) 25%B) 30%C) 40%D) 50%E) 55%
If you are Preparing for NABARD 2025 then, Don’t Delay your Preparation! But Why?
Prepare for NABARD 2025 ā Make Every Day Count! January has ended, and if you want to prepare effectively, donāt count by monthsācount by days. Five months is just 150 days! If you invest 3 hours daily from now on, your preparation will become smoother and more comfortable once the official notification is released. Why Wait for the Notification? Each passing day is an opportunity for your competitors to gain knowledge and get ahead. Donāt waitāstart now! How to Effectively Use Your Time for NABARD Prep? Success in NABARD exams isnāt about covering everything but staying consistently involved in the process. Regular engagement helps develop interest, and once you have interest, 70% of your work is done! How My Mentorship Helps You? Steps to Follow for Effective Preparation How Mentorship Helps You? Mentorship is not just about providing notes but about building confidence, providing direction, and keeping you motivated throughout the journey. What You Get in the Mentorship Program: ā Concise, to-the-point sessions without unnecessary chit-chat. ā Revision Tests after every class. ā Targets and Assignments for structured learning. ā High-Quality Power Play Tests for practice. Course Details & Cost The Complete NABARD Prep Program includes: ā Updated Notes ā Live Sessions with Recordings ā Revision Tests ā Quant, Reasoning & English Classes ā Weekly Targets & Power Play Tests ā Phase I & II Test Series ā Descriptive Evaluation ā Interview Guidance š° Cost: ā¹2999/- (Less than a single dinner at a restaurant!) How to Enroll? š Visit: https://learn.c4scourses.in/learn/NABARD2025 š Try for Free! Why Choose C4S for NABARD Prep? š Highest selection rate in previous years! š¢ Hear what toppers say about us: Watch Testimonials Have Any Doubts? Contact Us! š Call: 8708652887š© Telegram: @MENTOR2K1š§ Mail: c4scourses@gmail.comš Web: www.c4scourses.in Take a Wise Decision ā Plan for Your Future Wisely! Regards,C4S Team
Daily Quiz: 31 January 2025
Got Questions? We’ve Got Answers!š Whether it’s about exams, career advice, or daily doubts, don’t hesitateāask away!š” Daily Current Affairs Quiz | Daily Quiz for UPSCš” Your Learning Partner Is Just a Click Away!š Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs31 January, 2025 1. Who will be the pilot for the Axiom-4 mission to the ISS, making him the first Indian astronaut to visit the station? A) Rakesh SharmaB) Wing Commander Abhinandan VarthamanC) Group Captain Shubhanshu ShuklaD) Sunita WilliamsE) Gagandeep Singh 2. What is the main objective of the Axiom-4 mission? A) To launch Indiaās first satelliteB) To promote space tourism and commercial researchC) To conduct military operations in spaceD) To replace astronauts aboard the ISSE) To test new space shuttles 3. Which Indian Navy sailboat is currently undertaking the Navika Sagar Parikrama-II mission? A) INS VikrantB) INS ArihantC) INS ShivalikD) INSV TariniE) INS Chakra 4. Who are the two Indian Navy officers aboard INSV Tarini for the Navika Sagar Parikrama-II mission? A) Lt. Cdr. Roopa A. and Lt. Cdr. Dilna K.B) Captain Rakesh Sharma and Wing Commander AbhinandanC) Sunita Williams and Kalpana ChawlaD) Admiral Karambir Singh and Vice Admiral Anil KumarE) Captain Vikram Batra and Major Sandeep Unnikrishnan 5. How many GPUs is the Indian government procuring to develop sovereign AI models? A) 10,000B) 15,500C) 18,693D) 20,000E) 25,500 6. According to the Household Consumption Expenditure Survey (HCES) 2023-24, which state had the highest percentage of per-capita expenditure on food? A) KeralaB) DelhiC) AssamD) MaharashtraE) Tamil Nadu 7. Under which law did the Enforcement Directorate (ED) register cases against cooperative banks for money laundering? A) Banking Regulation ActB) Prevention of Corruption ActC) Companies ActD) Prevention of Money Laundering Act (PMLA)E) Negotiable Instruments Act 8. What was the reason behind RBI filing a petition against Aviom India Housing Finance? A) For issuing fake loansB) For not complying with SEBI regulationsC) Due to governance concerns and payment defaultsD) For fraudulent fixed depositsE) For violating consumer rights 9. What was the purpose of RBIās Open Market Operation (OMO) auction? A) To increase foreign investmentsB) To control inflationC) To inject liquidity into the banking systemD) To regulate digital currenciesE) To increase interest rates 10. What does the Payment and Settlement Systems Act (PSS Act) regulate? A) Digital transactions and payment systemsB) Stock market investmentsC) Foreign exchange transactionsD) Government bondsE) Banking loans
NABARD PHASE II Mains English Descriptive question & Model Answer 2024
NABARD 2024 PHASE II Mains English Descriptive questions: Section Word Limit Marks NABARD Asked Questions in 2024 Essay 500-520 40 – Credit facilities for Sustainable Agriculture– Rural Youth Education and Empowerment– Fisheries and its role in GDP– “Look deep into nature and you will understand everything better” ā Albert Einstein Precis 140-150 30 – Ethiopian Water Harvesting, Crisis, and Management Letter Writing 200-220 30 – Letter to the municipal corporation about road damages and necessary actions– Complaint letter to an organization regarding a faulty electronic device– Letter to the in-house editor requesting an extension of the article deadline due to conflicting tasks Model Answer, word limit, pattern and Previous Year cutoff for NABARD Phase II English descriptive question 01. Pattern of Exam Here’s a well-structured table for the exam details: Exam Mode Paper Type of Paper No. of Questions Duration NABARD 2024 Online (typed using keyboard) Paper 1 General English (50%) – Descriptive 3 90 mins 02. Word Limit for NABARD Grade A English descriptive online paper phase II Hereās a well-structured table for the word limits of different sections: Section Word Limit Essay 500-520 Letter 200-220 Precis 150 03. Stream Wise cutoff of NABARD English descriptive paper phase II ā Paper -1 (DP) DISCIPLINE-WISE & CATEGORY-WISE CUT-OFF POINTS USED ON OBJECTIVE TEST AND DESCRIPTIVE PAPER (GROUP NORMS) Discipline Category Paper-1 (DP) English Paper-II (OBJ) Paper-II (DP) Assistant Manager in Grade A – General SC, ST, OBC, PWBD 51.25 19.50 28.00 EWS & Unreserved 53.25 22.50 31.00 Assistant Manager in Grade A – Computer / IT SC, ST, OBC, PWBD 51.25 13.00 21.00 EWS & Unreserved 53.25 16.25 23.75 Assistant Manager in Grade A – Finance SC, ST, OBC, PWBD 51.25 32.25 24.25 EWS & Unreserved 53.25 35.00 27.50 Assistant Manager in Grade A – Company Secretary OBC & PWBD 51.25 28.00 26.25 SC, ST, EWS & Unreserved 53.25 30.75 28.25 Assistant Manager in Grade A – Civil Engineering SC, OBC & PWBD 51.25 7.75 34.75 ST, EWS & Unreserved 53.25 10.25 37.00 Assistant Manager in Grade A – Electrical Engineering OBC & PWBD 51.25 13.00 27.25 SC, ST, EWS & Unreserved 53.25 18.75 30.00 Assistant Manager in Grade A – Geo Informatics PWBD 51.25 22.75 16.25 SC, ST, OBC, EWS & Unreserved 53.25 25.25 20.00 Assistant Manager in Grade A – Forestry ST & PWBD 51.25 24.75 34.00 SC, OBC, EWS & Unreserved 53.25 28.50 35.75 Assistant Manager in Grade A – Food Processing OBC & PWBD 51.25 22.00 31.00 SC, ST, EWS & Unreserved 53.25 24.25 33.25 Assistant Manager in Grade A – Statistics PWBD 51.25 2.00 13.00 SC, OBC, ST, EWS & Unreserved 53.25 8.00 17.50 Assistant Manager in Grade A – Mass Communication / Media Specialist PWBD 51.25 13.75 32.50 SC, ST, OBC, EWS & Unreserved 53.25 16.75 35.00 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 NABARD PHASE II Mains English Descriptive question & Model Answer 2024 01. How access to increases Credit facilitates Sustainable Agriculture Introduction Sustainable agriculture refers to farming practices that meet today’s food needs while preserving resources for future generations. This means adopting methods that protect the environment, reduce reliance on chemical inputs, use water and land efficiently, and ensure social and economic equity for farmers. Looking ahead, achieving agricultural sustainability will be a key priority for all economies where agriculture is a major sector. This will involve transforming conventional farming practices into technology-driven systems, enhancing agricultural commodities’ processing and preservation techniques, contributing to value addition at the farm level. We also need to align crop production systems with climate-smart agriculture. And there is a need to ensure adequate and timely finance as well to sustain all of these. Financing for Sustainable Agriculture While sustainable agricultural practices are necessary, they are often more expensive to implement than conventional methods. Sustainable practices like organic farming, climate-smart technologies, and modern irrigation systems may seem costly upfront, but they offer long-term benefits by improving productivity, resilience, and environmental stewardship. Without accessible and affordable financing options, the much-needed shift to sustainable farming practices will remain a distant dream for many. Many farmers, especially those in rural or underserved regions, struggle with economic, institutional, and social constraints that limit their access. Therefore, sustainable finance should not only promote environmentally friendly practices but also ensure that financial resources are available to the farmers who need them most, providing equitable access to tools, technology, and knowledge. Institutional credit to agriculture reached an all-time high of ā¹25.10 lakh crore during 2023-244, reflecting the importance of financing in driving agricultural growth. Approximately 7.4 crore active Kisan Credit Cards have emerged as vital tools for providing timely and flexible credit, especially for short-term needs. However, addressing regional disparities in access to credit remains critical. If we can ensure that all farmers, irrespective of their location, have access to adequate and timely financing, we will be better positioned to address the challenges of sustainability and resilience in agriculture. Traditional lending practices have certain limitations in catering to the needs of the agricultural sector. Agriculture is inherently seasonal, and returns are often delayed or reduced. Innovative financial solutions are necessary- ones that are flexible and tailored to the specific needs of farmers. This coupled with crop insurance products that cover weather-related risks can help mitigate the uncertainties farmers face. Additionally, blended finance models-where public funds are used to leverage private investments-can be instrumental in providing the necessary capital for sustainable transitions. This would not only mobilise resources from multiple sources but also distribute the risks and returns more equitably. Five solutions which could go a long way in addressing the issue of financing sustainable agriculture. Role of Collectives Farmer Producer Organisations or FPOs have emerged as a crucial mechanism for addressing the specific challenges faced by small and marginal farmers. Their growth has been significant, with over 24,000 Farmer Producer Companies (FPCs) formed by March 31, 20236.These
Daily Quiz: 30 January 2025
Got Questions? We’ve Got Answers!š Whether it’s about exams, career advice, or daily doubts, don’t hesitateāask away!š” Daily Current Affairs Quiz | Daily Quiz for UPSCš” Your Learning Partner Is Just a Click Away!š Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs30 January, 2025 1. What is the primary objective of the PM Vishwakarma Scheme? A) Provide skill training to artisans and workersB) Offer financial assistance to farmersC) Promote IT sector growth in IndiaD) Strengthen MSMEs with digital transformationE) Boost the automobile manufacturing sector 2. Which of the following was a key feature of Operation Flood? A) Expansion of microfinance institutionsB) Increased food grain storage capacityC) Growth of dairy cooperatives and milk productionD) Reduction in government intervention in agricultureE) Boosting fishery and poultry industries 3. What is the main reason behind the slow economic growth in India since 2011? A) Global economic slowdownB) Sharp rise in agricultural productivityC) Decline in social spending and policy shocksD) Over-reliance on foreign investmentsE) Reduction in interest rates by RBI 4. What was the Supreme Court’s recent directive regarding domestic workers in India? A) Increase their wages through government schemesB) Bring them under a legal framework for protectionC) Offer free skill training programsD) Provide government jobs to eligible domestic workersE) Introduce tax benefits for employers hiring domestic workers 5. Which of the following is a key focus of the National Critical Mineral Mission? A) Boosting renewable energy adoptionB) Strengthening domestic mineral exploration and processingC) Enhancing global trade partnershipsD) Promoting organic farming techniquesE) Expanding tourism in mineral-rich regions 6. What is the significance of the Pinaka Multi-Barrel Rocket Launcher for India? A) It is the primary missile defense system of IndiaB) It enhances India’s aerial surveillance capabilitiesC) It is an indigenous artillery system boosting India’s defense strengthD) It is used in anti-submarine warfare operationsE) It serves as India’s first hypersonic missile technology 7. Why did the Indian government increase the procurement price of ethanol for 2024-25? A) To increase the export of ethanol to foreign countriesB) To promote ethanol blending and reduce fossil fuel dependencyC) To support sugarcane farmers struggling with low pricesD) To discourage industrial usage of ethanolE) To improve the nutritional value of ethanol-based food products 8. What is a major concern regarding the privatization of smaller fertilizer companies in India? A) Increase in fertilizer prices for farmersB) Government losing control over strategic resourcesC) Increase in imports of chemical fertilizersD) Decline in research on organic fertilizersE) Reduction in employment opportunities in rural areas 9. What is the purpose of the Waqf Amendment Bill, 2024? A) Strengthen the power of Waqf BoardsB) Ensure transparency and verification of Waqf propertiesC) Expand the scope of religious donations under Waqf lawD) Grant exclusive taxation benefits to Waqf institutionsE) Nationalize all Waqf properties in India 10. What is a major issue affecting MGNREGA implementation in recent years? A) Decreasing rural participation in the schemeB) Over-reliance on foreign fundingC) Budget cuts leading to wage shortages and payment delaysD) Reduction in government involvement in employment generationE) Expansion of MGNREGA into urban areas
Daily Quiz: 29 January 2025
Got Questions? We’ve Got Answers!š Whether it’s about exams, career advice, or daily doubts, don’t hesitateāask away!š” Daily Current Affairs Quiz | Daily Quiz for UPSCš” Your Learning Partner Is Just a Click Away!š Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs29 January, 2025 1. Which country recently launched the DeepSeek AI model that became the most downloaded app on Apple Store? A) USAB) IndiaC) ChinaD) JapanE) South Korea 2. Which of the following is NOT a key focus area of BIMSTEC? A) Counter-terrorismB) Space explorationC) Trade and connectivityD) Sustainable developmentE) Technology sharing 3. The ASER 2024 report highlighted post-COVID learning recovery in which areas? A) Computer literacy and science educationB) Reading and arithmeticC) Sports and extracurricular activitiesD) Social studies and historyE) Digital infrastructure development 4. What is the primary objective of Indiaās NavIC satellite system? A) Defense surveillanceB) High-speed internetC) Navigation and positioningD) Weather monitoringE) Space tourism 5. Which article of the Indian Constitution guarantees the Right to Education? A) Article 19B) Article 21AC) Article 32D) Article 44E) Article 51 6. What is the purpose of RBI’s USD-INR currency swap auction? A) To boost export competitivenessB) To increase forex reserves and manage liquidityC) To reduce inflationD) To improve the fiscal deficitE) To regulate cryptocurrency 7. What is the minimum capital adequacy ratio required for NBFCs to become banks? A) 5%B) 7.5%C) 10%D) 12%E) 15% 8. What is the primary difference between an NRO and NRE account for NRIs? A) NRO accounts allow repatriation of funds, while NRE accounts do notB) NRO accounts are used for holding Indian income, while NRE accounts are for foreign earningsC) NRO accounts do not require RBI approval, while NRE accounts doD) NRO accounts can hold foreign currency, while NRE accounts cannotE) NRO accounts are tax-free, while NRE accounts are taxable 9. What major change did RBI introduce regarding penal charges from January 1, 2024? A) Penal charges are now subject to 18% GSTB) Banks can capitalize penal charges into loan interestC) Penal charges replaced penal interestD) Penal charges apply only to corporate borrowersE) Penal charges are waived for low-income borrowers 10. Which of the following is NOT a key application of AI? A) HealthcareB) JudiciaryC) CybersecurityD) Spacecraft manufacturingE) Text-to-speech conversion
Daily Quiz: 28 January 2025
Got Questions? We’ve Got Answers!š Whether it’s about exams, career advice, or daily doubts, don’t hesitateāask away!š” Daily Current Affairs Quiz | Daily Quiz for UPSCš” Your Learning Partner Is Just a Click Away!š Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs28 January, 2025 Q1. Which of the following is a step India has taken to manage its trade deficit with China? Q2. What does the Mansarovar Yatra symbolize in the context of India-China relations? Q3. Why is the Uniform Civil Code (UCC) significant in Uttarakhand? Q4. What is the primary issue raised in the copyright case against OpenAI? Q5. What is the purpose of RBI’s Open Market Operations (OMO)? Q6. What does PMJJBY stand for? Q7. What is one major concern regarding Peer-to-Peer (P2P) lending platforms? Q8. How has RBI addressed digital fraud risks? Q9. What is the primary issue with homeopathic tinctures in India? Q10. What is the Marginal Cost of Funds-based Lending Rate (MCLR)?
IRDAI Phase II Mains English Descriptive question 2024
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 āInsurance for Allā 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 Indiaās 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 Indiaās 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 nationās 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 āfather of AIā is often attributed to John McCarthy, an American computer scientist who coined the term āartificial intelligenceā and made significant contributions to the fieldās early development.The term āArtificial Intelligenceā 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. AIās 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