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Daily Current Affairs
02 & 03 March, 2025
1. What was the key reason for the abrupt end of Zelensky’s visit to the White House?
(A) He refused to meet European leaders
(B) He declined to negotiate with Russia
(C) He did not sign a critical minerals deal
(D) He demanded more U.S. military aid
(E) He criticized NATO’s policies
Answer: (C) He did not sign a critical minerals deal
Explanation: Ukrainian President Zelensky’s visit ended without signing a key minerals deal, raising speculation on whether he left voluntarily or was asked to leave.
2. What is the primary goal of Firefly Aerospace’s Blue Ghost lunar mission?
(A) To test AI-powered lunar rovers
(B) To study underground lunar caves
(C) To analyze lunar soil and test GPS navigation
(D) To conduct biological experiments on the Moon
(E) To establish a permanent lunar colony
Answer: (C) To analyze lunar soil and test GPS navigation
Explanation: The Blue Ghost lander is part of NASA’s Artemis program and carries scientific instruments to examine lunar soil, radiation-resistant computers, and Moon-based GPS navigation.
3. Which key change is proposed in the UGC Draft Regulations, 2025?
(A) Complete ban on private universities
(B) Stronger anti-discrimination rules, especially against caste-based bias
(C) Removal of reservation policies in higher education
(D) Reduction of government control over universities
(E) Mandating compulsory internships for all students
Answer: (B) Stronger anti-discrimination rules, especially against caste-based bias
Explanation: The new UGC draft expands anti-discrimination policies beyond students to all stakeholders and includes provisions for equity committees to handle complaints.
4. What makes the new gene therapy for Maple Syrup Urine Disease (MSUD) significant?
(A) It eliminates the need for dietary restrictions
(B) It allows gene modification in newborns
(C) It has successfully treated humans in clinical trials
(D) It provides a permanent cure through vaccine technology
(E) It can be administered through oral medication
Answer: (A) It eliminates the need for dietary restrictions
Explanation: The gene therapy using viral vectors allowed affected animals, including a calf, to grow normally without dietary restrictions, offering a potential alternative to liver transplants.
5. What is a key reason for high PM2.5 pollution in Northern India?
(A) Heavy rainfall leading to toxic chemical reactions
(B) Rapid deforestation in urban areas
(C) High emissions from incomplete combustion sources
(D) Excessive industrial waste in rivers
(E) Overuse of pesticides in agriculture
Answer: (C) High emissions from incomplete combustion sources
Explanation: Major contributors to PM2.5 pollution in Northern India include traffic emissions, residential heating, and biomass burning, all of which lead to incomplete combustion.
6. What was a major criticism of the Advocates (Amendment) Bill, 2025?
(A) It restricted foreign law firms from practicing in India
(B) It granted excessive control over the Bar Council of India (BCI)
(C) It reduced the salaries of government advocates
(D) It prevented legal education for economically weaker sections
(E) It banned online legal consultations
Answer: (B) It granted excessive control over the Bar Council of India (BCI)
Explanation: The bill faced backlash for increasing government control over BCI and banning lawyer strikes, raising concerns about judicial independence.
7. Why is SEBI’s proposal to combine mutual funds with insurance facing resistance?
(A) The high cost of insurance premiums
(B) Lack of demand for mutual funds in India
(C) Complexity and operational challenges
(D) SEBI’s history of rejecting new investment products
(E) New regulations on banking investments
Answer: (C) Complexity and operational challenges
Explanation: SEBI’s plan faces pushback because mutual funds are typically seen as pure investment products, and past attempts to combine them with insurance have failed.
8. What was RBI’s key monetary policy change under Governor Sanjay Malhotra?
(A) Increase in repo rate
(B) Introduction of cryptocurrency regulations
(C) Repo rate cut by 25 bps to support economic growth
(D) Complete deregulation of NBFCs
(E) Reduction in GST on banking services
Answer: (C) Repo rate cut by 25 bps to support economic growth
Explanation: The RBI reduced the repo rate for the first time in five years, aiming to stimulate economic growth amid a GDP slowdown.
9. Why is IRDAI allowing insurers to use derivatives for equity exposure?
(A) To help insurance companies avoid tax payments
(B) To improve risk management and liquidity
(C) To reduce competition between insurance firms
(D) To promote investment in real estate
(E) To ban high-risk equity investments
Answer: (B) To improve risk management and liquidity
Explanation: By allowing insurers to hedge equity exposure with derivatives, IRDAI aims to enhance risk management and increase liquidity in the equity derivatives market.
10. What is a key reason India is prioritizing bilateral trade agreements over multilateralism?
(A) WTO and WHO face credibility issues
(B) India wants to isolate itself from global trade
(C) Bilateral deals prevent trade with European nations
(D) China dominates multilateral trade agreements
(E) The United States opposes India’s trade policies
Answer: (A) WTO and WHO face credibility issues
Explanation: With declining trust in global institutions like the WTO and WHO, India is shifting towards bilateral trade agreements, including the EU-India Free Trade Agreement (FTA).
