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Daily Current Affairs
04 March, 2025
1. What is the key focus area of the India-Australia Economic Cooperation and Trade Agreement (ECTA)?
A) Defense and Cybersecurity
B) Clean Energy, Education, Agribusiness, and Tourism
C) Artificial Intelligence and Space Exploration
D) Railway Infrastructure and Urban Development
E) Financial Technology and Cryptocurrency
Answer: B) Clean Energy, Education, Agribusiness, and Tourism
Explanation:
The ECTA between India and Australia has led to a 66% increase in trade and focuses on Clean Energy, Education & Skills, Agribusiness, and Tourism while also increasing investments in defense, space, and health.
2. What is the main concern regarding the protection of Orans (sacred groves) in Rajasthan?
A) Loss of biodiversity due to overpopulation
B) Formal classification may limit local governance
C) Illegal mining in forest reserves
D) Encroachment by real estate developers
E) Increased pollution affecting wildlife
Answer: B) Formal classification may limit local governance
Explanation:
The Supreme Court ruled that Orans (sacred groves) must be protected, but formal classification under laws like Forest Conservation Act or Wildlife Protection Act might undermine community-led governance.
3. Which organization is responsible for insuring bank deposits in India?
A) Securities and Exchange Board of India (SEBI)
B) Reserve Bank of India (RBI)
C) Deposit Insurance and Credit Guarantee Corporation (DICGC)
D) Insurance Regulatory and Development Authority of India (IRDAI)
E) Ministry of Finance
Answer: C) Deposit Insurance and Credit Guarantee Corporation (DICGC)
Explanation:
DICGC insures bank deposits in India. The government plans to increase deposit insurance from ₹5 lakh to ₹15 lakh, but currently, only 43.1% of total deposits are covered.
4. What is India’s projected GDP in FY25, making it the 4th largest economy?
A) $3.8 trillion
B) $4.2 trillion
C) $4.5 trillion
D) $5 trillion
E) $3.5 trillion
Answer: B) $4.2 trillion
Explanation:
India is expected to surpass Japan’s $4 trillion economy and reach $4.2 trillion in FY25, driven by 6.5% economic growth, policy support, and infrastructure investments.
5. What is a major reason for the decline in Initial Public Offerings (IPOs) in India?
A) Increased SEBI regulations
B) Market volatility and political uncertainty
C) Lack of investor interest in equity markets
D) Increased focus on cryptocurrencies
E) RBI’s high interest rate policies
Answer: B) Market volatility and political uncertainty
Explanation:
Only 14 IPO filings were recorded in February due to market volatility, political uncertainty, and regulatory concerns, leading to weaker earnings for brokerage stocks.
6. What is the primary significance of the Bose Metal state discovered in Niobium Diselenide (NbSeâ‚‚)?
A) It is a perfect superconductor with zero resistance
B) It challenges existing superconductivity theories
C) It is used exclusively in semiconductor chips
D) It has the highest electrical conductivity at room temperature
E) It is a newly found element in the periodic table
Answer: B) It challenges existing superconductivity theories
Explanation:
Bose Metal is a new state where electricity flows efficiently but never reaches zero resistance, unlike superconductors. This discovery could lead to breakthroughs in quantum materials research.
7. What is the primary objective of the Cities Coalition for Circularity (C-3) initiative in India?
A) Promoting financial inclusion in urban areas
B) Implementing smart city technologies
C) Encouraging sustainable urban development through circular economy principles
D) Improving digital governance infrastructure
E) Developing public transport systems in metro cities
Answer: C) Encouraging sustainable urban development through circular economy principles
Explanation:
The C-3 initiative focuses on the Reduce, Reuse, Recycle model and aims to promote sustainable urban development. Under CITIIS 2.0, agreements worth ₹1,800 crore have been signed to benefit 18 cities across 14 states.
8. What major technological advancement is expected to improve the accuracy of Gangetic Dolphin population surveys?
A) AI-based facial recognition
B) Underwater drones
C) Acoustic Hydrophones
D) Advanced satellite imaging
E) Genetic mapping technology
Answer: C) Acoustic Hydrophones
Explanation:
Acoustic Hydrophones will help improve accuracy in counting Gangetic Dolphins by detecting their echolocation sounds, aiding conservation efforts to protect their habitats and prevent entanglement in fishing nets.
9. How has India’s Manufacturing PMI (Purchasing Managers’ Index) performed in February?
A) Fell to 56.3, its weakest in 14 months
B) Surpassed 60, indicating rapid expansion
C) Dropped below 50, signaling contraction
D) Remained unchanged at 57.5
E) Increased to 59.2 due to rising exports
Answer: A) Fell to 56.3, its weakest in 14 months
Explanation:
India’s Manufacturing PMI declined to 56.3 in February, indicating slower growth due to higher input costs, though employment and demand remained strong. A PMI above 50 still indicates expansion.
10. Why is the Comprehensive Economic Cooperation Agreement (CECA) important for India-Australia trade relations?
A) It focuses solely on defense and space collaboration
B) It is expected to replace ECTA with a more comprehensive trade framework
C) It allows visa-free travel between India and Australia
D) It promotes digital payment infrastructure between the two nations
E) It exclusively benefits Australian exports to India
Answer: B) It is expected to replace ECTA with a more comprehensive trade framework
Explanation:
CECA aims to expand the benefits of ECTA by covering broader trade and investment aspects, further strengthening India-Australia economic ties beyond current trade agreements.
