January 2025 Current Affairs Quiz PDF with Answers

Answer: C) United States

The United States is the largest crude oil producer globally, with a daily production of 19.4 million barrels, accounting for 22% of the global supply.

Answer: B) Kerala </br>

Kerala has shown improvements in education development, especially with respect to girls completing secondary education, as compared to 2019.

Answer: C) To provide real-time data access for better policy formulation

The NGDW aims to strengthen RBI’s data storage and processing capabilities for better policy decisions and efficient management of financial data.

Answer: B) Pakistan

Pakistan started its two-year term as a non-permanent member of the UN Security Council in 2024, which is responsible for maintaining international peace and security.

Answer: C) Chandrayaan-4

ISRO plans to launch the Chandrayaan-4 mission in 2027 to bring back lunar samples collected from the Chandrayaan-3 landing site.

Answer: B) 7.8%

The credit growth for the NBFC sector shrank to 7.8% for the fortnight ending November 29, 2024, compared to the previous year.

Answer: C) Retail Direct Mobile App

The RBI’s Retail Direct Mobile App allows retail investors to directly invest in government securities, promoting financial inclusion and secure investment opportunities.

Answer: C) Ministry of Agriculture & Farmers Welfare

The Ministry of Agriculture & Farmers Welfare is responsible for overseeing the Pradhan Mantri Fasal Bima Yojana (PMFBY), which provides crop insurance coverage to farmers.

Answer: B) ₹6,691 crore

As of December 31, 2024, the total value of ₹2000 notes in circulation has declined to ₹6,691 crore from ₹3.56 lakh crore in May 2023.

Answer: D) Russia

Russia became India's largest crude oil supplier, accounting for nearly 41% of India's total crude oil imports as of May 2024.

Answer: A) To build the world’s largest dam

China is constructing the world’s largest dam on the Brahmaputra River in Tibet, costing $137 billion as part of its 14th Five-Year Plan.

Answer: B) Protecting data of deceased persons

The draft rules may lead to erasing social media accounts of deceased persons, as they allow data deletion unless legally required.

Answer: B) Uttar Pradesh

Uttar Pradesh has registered the highest number of hospitals under the Ayushman Bharat Scheme, which aims to provide health coverage to vulnerable families.

Answer: B) Future business conditions

PMI is a monthly economic indicator that measures business conditions, including new orders, production, employment, and supplier deliveries, indicating the economic health of the manufacturing sector.

Answer: B) An increase in income inequality

The Gini coefficient of 0.410 in 2023 reflects an increase in income inequality, as it is higher than the 1955 value of 0.371.

Answer: B) Enhancing international law enforcement cooperation

The Bharatpol portal, launched by Union Home Minister Amit Shah, is designed to enhance international law enforcement cooperation for cross-border crimes.

Answer: C) India

India is one of the largest importers of gold among central banks, with its gold reserves covering 101% of its external debt.

Answer: B) Sprouted cowpea seeds in space

ISRO's PSLV-C60 mission successfully sprouted cowpea seeds in space, a significant achievement in agricultural research.

Answer: C) Sikkim

The Indian government launched its first organic fisheries cluster in Sikkim, promoting eco-friendly fish farming practices.

Answer: B) To develop a digital ecosystem for agriculture

AgriStack aims to create a digital ecosystem for agriculture, including unique IDs for farmers and standards for data interoperability, promoting the digital transformation of agriculture in India.

Answer: C) Produce 5 million metric tonnes of green hydrogen by 2030

The National Green Hydrogen Mission aims to promote renewable energy and achieve the production of 5 million metric tonnes of green hydrogen by 2030 with an investment of ₹8 lakh crore.

Answer: B) Work visa for skilled professionals

The H-1B visa allows skilled professionals in specialized fields like IT, engineering, and healthcare to temporarily work in the United States.

Answer: C) Child sexual exploitation

The POCSO Act, enacted in 2012, aims to address and penalize child sexual abuse and exploitation comprehensively, with recent amendments enhancing penalties.

Answer: C) Addressing water scarcity in the Bundelkhand region

The Ken-Betwa River Link Project aims to provide water for irrigation and drinking purposes in Bundelkhand, though it faces environmental concerns regarding the Panna Tiger Reserve.

Answer: B) Limits on lending, investments, and branch expansions

PCA is imposed on banks that show financial distress, restricting activities like lending, investments, and expansion to ensure recovery and financial stability.

Answer: B) Store renewable energy and stabilize the grid

BESS is India’s first utility-scale energy storage system, designed to integrate renewable energy into the grid and improve energy stability.

Answer: C) ₹1.51 lakh

SEBI’s new norms for advisers introduced a flexible fee structure with an annual cap of ₹1.51 lakh per family to ensure fair pricing for advisory services.

Answer: B) Corruption and digital exclusion

PDS faces challenges like corruption, delays, and exclusion due to low digital literacy, which affect its efficiency and accessibility.

Answer: B) Disclosing financial updates on social media before informing investors

SEBI’s warning to Ola highlights the need for timely investor updates before public disclosures to maintain transparency and compliance.

Answer: C) Equal wealth distribution while preserving economic freedom

Inclusive growth ensures equitable wealth distribution across all sections of society while supporting economic freedom and growth opportunities.

Answer: C) To manage liquidity tightness

The VRR auctions are conducted by the RBI to address liquidity tightness in the banking system and ensure smooth financial system operations.

Answer: B) To stabilize the rupee and control inflation

The pegged exchange rate system was adopted to stabilize the rupee amidst rising inflation and ensure economic stability, though it had trade-offs like reduced export competitiveness.

Answer: C) Vulnerability to global economic shocks

A trade deficit indicates that imports exceed exports, making the economy reliant on foreign goods and susceptible to global economic changes.

Answer: B) Improved soil health and environmental conservation

Permaculture farming uses sustainable practices like organic fertilizers and mulching, which enhance soil health and protect the environment.

Answer: C) Roman

Tribals in Tripura are advocating for the Roman script for Kokborok textbooks due to its digital compatibility and ease of use.

Answer: C) Illegal rat-hole mining practices

The tragedy was caused by flooding in illegal rat-hole mines, which are hazardous and environmentally damaging.

Answer: C) Development of post-harvest technologies for millets

INSIMP aimed to enhance millet production, create awareness, and develop better post-harvest technologies.

Answer: C) Aligns currency value with market forces

A flexible exchange rate allows the currency to adjust based on demand and supply, helping in inflation control and balancing reserves.

Answer: B) Illuminate heritage buildings with LED lights

This project sought to beautify Kolkata by lighting 125 heritage buildings, preserving its history and fostering civic pride.

Answer: B) Decreased export competitiveness

Pegged exchange rates stabilize the currency but can reduce competitiveness by making exports more expensive compared to other countries.

Answer: B) To reduce trade barriers for developing countries</br>

The Generalized System of Preferences (GSP) aims to reduce or eliminate tariffs on exports from developing countries, helping to boost their economic growth and reduce poverty.

Answer: B) It guarantees $100 billion in investments over 15 years</br>

The TEPA with EFTA aims to reduce trade barriers, enhance services and investment access, and facilitate a $100 billion investment into India over 15 years.

Answer: C) To address declining child sex ratios and improve the welfare of girl children</br>

The BBBP scheme aims to improve the sex ratio, promote institutional deliveries, and increase educational enrollment for girls.

Answer: B) It is a 14-digit number for secure digital health record storage and sharing</br>

The ABHA is part of the Ayushman Bharat Digital Mission and allows secure management and sharing of personal health records.

Answer: B) To provide banking services in underserved and rural areas</br>

BCs are agents who offer banking services in rural or underserved regions where formal bank branches may not be present.

Answer: B) A currency’s value relative to a basket of currencies adjusted for inflation</br>

The REER reflects a currency's strength in the international market by adjusting its value for inflation and comparing it to a basket of other currencies.

Answer: D) Excessive capital allocation</br>

The main challenges in IBC include inefficiencies in the National Company Law Tribunal (NCLT), procedural delays, and lack of expertise, not excessive capital allocation.

Answer: C) Empowering farmers with better market access and competitive pricing</br>

NPFAM aims to provide better market access for farmers and enhance competition to improve pricing and the efficiency of agricultural marketing.

Answer: B) To combat malnutrition in pregnant women, lactating mothers, and children</br>

The THR program is designed to provide fortified rations to vulnerable populations like pregnant women and children to combat malnutrition.

Answer: B) It will increase Nigeria’s global economic cooperation</br>

Nigeria's inclusion in BRICS enhances its economic cooperation and strengthens its role in global economic matters, especially with emerging markets.

Answer: C) China

DeepSeek AI is a Chinese AI model developed by Liang Wenfeng’s company in Hangzhou, Zhejiang. It gained popularity and impacted tech stocks after becoming the top downloaded app on the Apple Store.

Answer: B) Space exploration

BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) focuses on economic cooperation, security, trade, and technology sharing. Space exploration is not part of its primary agenda.

Answer: B) Reading and arithmetic

The ASER 2024 report showed improvements in foundational literacy and numeracy but highlighted major gaps in higher classes, particularly in reading and arithmetic.

Answer: C) Navigation and positioning

The NavIC (Navigation with Indian Constellation) system is India’s satellite navigation initiative to improve positioning services for defense, transportation, and emergency response.

Answer: B) Article 21A

Article 21A ensures free and compulsory education for children between 6 and 14 years under the Right to Education (RTE) Act, 2009.

Answer: B) To increase forex reserves and manage liquidity

The RBI conducts currency swap auctions to manage liquidity, stabilize the rupee, and strengthen forex reserves, thereby protecting against external financial shocks.

Answer: C) 10%

According to RBI regulations, NBFCs seeking bank status must maintain a minimum capital adequacy ratio (CAR) of 10% and comply with stringent financial and regulatory criteria.

Answer: B) NRO accounts are used for holding Indian income, while NRE accounts are for foreign earnings

An NRO (Non-Resident Ordinary) account is used for managing income earned in India, whereas an NRE (Non-Resident External) account holds foreign income, allowing tax-free repatriation.

Answer: C) Penal charges replaced penal interest

RBI mandated that banks impose penal charges instead of penal interest, preventing excessive financial burden on borrowers. Additionally, these charges cannot be capitalized into interest rates.

Answer: D) Spacecraft manufacturing

AI is extensively used in data analysis, language processing, and automation across sectors like healthcare, business, education, and cybersecurity. However, spacecraft manufacturing primarily relies on engineering innovations rather than AI-driven decision-making. [c4s_channels style="bar"]

Answer: A) Provide skill training to artisans and workers

The PM Vishwakarma Scheme is aimed at supporting artisans in traditional trades like blacksmithing, pottery, and carpentry. It provides financial assistance, skill training, and recognition to artisans to integrate them into the formal economy and global supply chain.

Answer: C) Growth of dairy cooperatives and milk production

Operation Flood, led by Verghese Kurien, transformed India into the largest milk producer by promoting dairy cooperatives, improving rural incomes, and ensuring fair pricing. It laid the foundation for the White Revolution.

Answer: C) Decline in social spending and policy shocks

India's economic slowdown post-2011 has been attributed to policy shocks like demonetization, GST implementation, and COVID-19 disruptions. Additionally, reduced government spending on social sectors weakened economic growth.

Answer: B) Bring them under a legal framework for protection

The Supreme Court has directed the government to create a legal framework to safeguard the rights of domestic workers, addressing issues like low wages, excessive work hours, and lack of recognition.

Answer: B) Strengthening domestic mineral exploration and processing

The National Critical Mineral Mission aims to enhance the exploration, mining, and processing of critical minerals, ensuring fast-tracked regulatory approvals and overseas asset acquisitions to reduce India's import dependency.

Answer: C) It is an indigenous artillery system boosting India's defense strength

The Pinaka Multi-Barrel Rocket Launcher, developed by DRDO, has played a crucial role in India’s defense strategy, with a range of 45 km and the ability to fire 12 rockets in 44 seconds. It was actively used in the Kargil War.

Answer: B) To promote ethanol blending and reduce fossil fuel dependency

The price hike is aimed at promoting ethanol blending in fuel, which helps reduce reliance on fossil fuels and lower carbon emissions, aligning with India's energy security and sustainability goals.

Answer: A) Increase in fertilizer prices for farmers

Privatization of smaller fertilizer firms could lead to higher prices, affecting farmers who rely on subsidized fertilizers. Previous privatization attempts were dropped due to concerns over affordability and opposition from stakeholders.

Answer: B) Ensure transparency and verification of Waqf properties

The Waqf Amendment Bill 2024 aims to verify Waqf property claims, include women in board composition, and limit unchecked powers of Waqf Boards, ensuring greater transparency and accountability.

Answer: C) Budget cuts leading to wage shortages and payment delays

MGNREGA's budget allocation has dropped from 3.2% of GDP in FY21 to 1.78% in FY25, leading to a ₹4,315 crore wage shortfall and delays in payments, affecting millions of rural workers.

Answer: C) Group Captain Shubhanshu Shukla

Group Captain Shubhanshu Shukla has been selected as the pilot for the Axiom-4 mission, making him the first Indian astronaut to visit the International Space Station (ISS). This is a private mission by Axiom Space.

Answer: B) To promote space tourism and commercial research

The Axiom-4 mission is a private initiative aiming to boost space tourism, commercial research in Low Earth Orbit (LEO), and international collaboration.

Answer: D) INSV Tarini

INSV Tarini is an Indian Navy sailboat used for long-duration voyages. It is part of the Navika Sagar Parikrama-II mission, aimed at circumnavigating the globe and promoting women's participation in ocean sailing.

Answer: A) Lt. Cdr. Roopa A. and Lt. Cdr. Dilna K.

Lt. Cdr. Roopa A. and Lt. Cdr. Dilna K. are leading the expedition on INSV Tarini, showcasing India's maritime capabilities and promoting women in ocean sailing.

Answer: C) 18,693

India is procuring 18,693 GPUs to support AI research and startups, focusing on applications in agriculture, education, and climate change.

Answer: C) Assam

Assam had the highest per-capita consumption expenditure on food at 53.2%, whereas Kerala and Delhi had the lowest at 40.32%.

Answer: D) Prevention of Money Laundering Act (PMLA)

The Enforcement Directorate (ED) registered cases under the PMLA to tackle large-scale money laundering by cooperative banks and societies.

Answer: C) Due to governance concerns and payment defaults

RBI filed a petition for initiating the Corporate Insolvency Resolution Process (CIRP) against Aviom India Housing Finance due to governance issues and financial defaults.

Answer: C) To inject liquidity into the banking system

RBI conducted its first Open Market Operation (OMO) auction to address the liquidity deficit in the banking system.

Answer: A) Digital transactions and payment systems

The PSS Act regulates payment and settlement systems in India, ensuring compliance within the digital payments ecosystem and imposing penalties for violations.