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Daily Current Affairs
01 March, 2025
1. When is the India-European Union Free Trade Agreement (FTA) expected to conclude?
A) 2024
B) 2025
C) 2026
D) 2027
E) 2028
Answer: B) 2025
Explanation: The India-EU FTA negotiations are expected to conclude by 2025, with the next EU-India Summit scheduled the same year. The discussions focus on trade, investment, green growth, security, and mobility.
2. What is the major concern for India regarding the EU’s trade policies?
A) High tariffs on Indian textiles
B) Restrictions on Indian IT services
C) EU’s Carbon Border Adjustment Mechanism (CBAM)
D) Ban on Indian pharmaceutical exports
E) EU’s higher customs duty on Indian steel
Answer: C) EU’s Carbon Border Adjustment Mechanism (CBAM)
Explanation: India is concerned about the EU’s CBAM, which imposes carbon tariffs on imported goods based on their carbon footprint. This could impact Indian exports, particularly in sectors like steel and aluminum.
3. Which country has been pressuring Ukraine to negotiate with Russia?
A) China
B) Germany
C) India
D) United States
E) Japan
Answer: D) United States
Explanation: Reports suggest that the U.S. is pressuring Ukraine to engage in diplomatic negotiations with Russia, signaling a strategic shift in its support for Ukraine in the ongoing war.
4. What was China’s response to the U.S. imposing a 10% tariff on Chinese imports?
A) Imposed a trade ban on U.S. companies
B) Vowed to take “all necessary measures”
C) Increased tariffs on Indian goods
D) Strengthened economic ties with Russia
E) Banned U.S. investments in China
Answer: B) Vowed to take “all necessary measures”
Explanation: After the U.S. imposed a 10% tariff on Chinese imports, China reacted strongly, stating that it would take all necessary steps to counteract the move, leading to a decline in Chinese stocks.
5. What significant discovery was made by Aditya L1’s Solar Ultraviolet Imaging Telescope (SUIT)?
A) New exoplanet near Jupiter
B) First-ever Near Ultraviolet (NUV) observation of a solar flare
C) Evidence of water on the Moon
D) Discovery of a new asteroid belt
E) Detection of a black hole merger
Answer: B) First-ever Near Ultraviolet (NUV) observation of a solar flare
Explanation: Aditya L1 captured an X6.3 class solar flare in the Near Ultraviolet spectrum, providing crucial insights into energy distribution and temperature evolution in the solar atmosphere.
6. How many Ramsar Sites are designated in India for wetland conservation?
A) 50
B) 62
C) 75
D) 80
E) 100
Answer: C) 75
Explanation: India has 75 Ramsar Sites covering approximately 1.33 million hectares. These wetlands play a crucial role in biodiversity conservation and climate regulation.
7. What measure might India take to manage rising wheat prices due to heatwaves?
A) Increase wheat export quotas
B) Reduce wheat import duty
C) Implement a new farm subsidy
D) Introduce price controls on wheat
E) Ban wheat imports
Answer: B) Reduce wheat import duty
Explanation: Due to consecutive years of poor wheat yields, India may reduce or remove its 40% wheat import duty to stabilize domestic supply and prices.
8. What is the main goal of SEBI’s ‘Bond Central’ initiative?
A) Increase corporate taxation
B) Provide a centralized database for corporate bonds
C) Regulate cryptocurrency exchanges
D) Restrict foreign investment in Indian bonds
E) Implement digital banking regulations
Answer: B) Provide a centralized database for corporate bonds
Explanation: SEBI launched ‘Bond Central’ to enhance transparency and efficiency in the corporate bond market, allowing better investor access to data.
9. What is India’s expected GDP growth rate for Q3 FY25?
A) 5.5%
B) 6.2%
C) 7.1%
D) 8.0%
E) 4.8%
Answer: B) 6.2%
Explanation: India’s GDP growth for Q3 FY25 is projected at 6.2%, driven by exports and government consumption but hindered by slow investment growth.
10. What percentage of GDP is India’s digital economy expected to contribute by 2029?
A) 10%
B) 15%
C) 20%
D) 25%
E) 30%
Answer: C) 20%
Explanation: India’s digital economy is growing rapidly and is expected to contribute around 20% of the country’s GDP by 2029, despite challenges in user adoption.
