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Daily Current Affairs
02 January, 2025
1. Which of the following is the largest crude oil producer in the world?
A) Russia
B) Saudi Arabia
C) United States
D) China
E) India
Answer: C) United States
Explanation: 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.
2. Which Indian state is witnessing an increase in girls completing secondary education between 2019 and 2024?
A) Karnataka
B) Kerala
C) Tamil Nadu
D) Rajasthan
E) Maharashtra
Answer: B) Kerala </br>
Explanation: Kerala has shown improvements in education development, especially with respect to girls completing secondary education, as compared to 2019.
3. What is the main objective of RBI’s Next Generation Data Warehouse (NGDW)?
A) To track inflation rates
B) To store personal financial data
C) To provide real-time data access for better policy formulation
D) To monitor banking transactions
E) To improve retail banking services
Answer: C) To provide real-time data access for better policy formulation
Explanation: The NGDW aims to strengthen RBI’s data storage and processing capabilities for better policy decisions and efficient management of financial data.
4. In 2024, which country began its two-year term as a non-permanent member of the UN Security Council?
A) India
B) Pakistan
C) Brazil
D) Japan
E) South Africa
Answer: B) Pakistan
Explanation: 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.
5. Which technology-driven mission is ISRO planning for 2027 as a part of its space exploration initiatives?
A) Mars Mission
B) Gaganyaan
C) Chandrayaan-4
D) Aditya-L1
E) SpaDeX
Answer: C) Chandrayaan-4
Explanation: ISRO plans to launch the Chandrayaan-4 mission in 2027 to bring back lunar samples collected from the Chandrayaan-3 landing site.
6. What is the credit growth of Non-Banking Financial Companies (NBFCs) for the fortnight ending November 29, 2024?
A) 15.2%
B) 7.8%
C) 10.5%
D) 3.6%
E) 5.0%
Answer: B) 7.8%
Explanation: The credit growth for the NBFC sector shrank to 7.8% for the fortnight ending November 29, 2024, compared to the previous year.
7. Which program aims to enhance financial inclusion by promoting retail investment in government securities?
A) Jan Dhan Yojana
B) Pradhan Mantri Fasal Bima Yojana
C) Retail Direct Mobile App
D) Make in India
E) Pradhan Mantri Kisan Samman Nidhi
Answer: C) Retail Direct Mobile App
Explanation: The RBI’s Retail Direct Mobile App allows retail investors to directly invest in government securities, promoting financial inclusion and secure investment opportunities.
8. Which Indian Ministry is responsible for the Pradhan Mantri Fasal Bima Yojana (PMFBY)?
A) Ministry of Finance
B) Ministry of Rural Development
C) Ministry of Agriculture & Farmers Welfare
D) Ministry of Environment, Forest, and Climate Change
E) Ministry of Commerce and Industry
Answer: C) Ministry of Agriculture & Farmers Welfare
Explanation: The Ministry of Agriculture & Farmers Welfare is responsible for overseeing the Pradhan Mantri Fasal Bima Yojana (PMFBY), which provides crop insurance coverage to farmers.
9. Which of the following is the updated value of â‚ą2000 banknotes in circulation as of December 31, 2024?
A) â‚ą3.56 lakh crore
B) â‚ą6,691 crore
C) â‚ą25,000 crore
D) â‚ą12,000 crore
E) â‚ą1 lakh crore
Answer: B) â‚ą6,691 crore
Explanation: As of December 31, 2024, the total value of â‚ą2000 notes in circulation has declined to â‚ą6,691 crore from â‚ą3.56 lakh crore in May 2023.
10. Which country does India import the largest share of crude oil from as of May 2024?
A) Saudi Arabia
B) Iran
C) Iraq
D) Russia
E) Kuwait
Answer: D) Russia
Explanation: Russia became India’s largest crude oil supplier, accounting for nearly 41% of India’s total crude oil imports as of May 2024.
