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Daily Current Affairs
11 January, 2025
Q1. Which of the following sectors is NOT part of the Line of Actual Control (LAC) between India and China?
- Western Sector
- Eastern Sector
- Southern Sector
- Middle Sector
- Northern Sector
Answer: 3. Southern Sector
Explanation: The Line of Actual Control (LAC) is divided into three sectors: Western (Ladakh), Middle (Uttarakhand and Himachal Pradesh), and Eastern (Arunachal Pradesh and Sikkim). There is no Southern Sector in LAC.
Q2. The Copernicus Climate Change Service (C3S) primarily focuses on:
- Monitoring global political issues
- Tracking wildlife extinction
- Observing Mediterranean climate challenges
- Enforcing EU security policies
- Predicting natural disasters in North America
Answer: 3. Observing Mediterranean climate challenges
Explanation: The Copernicus Climate Change Service (C3S) monitors climate issues like Saharan dust, wildfires, and extreme heat, particularly in the Mediterranean region. It is an EU initiative established in 2014.
Q3. What is the primary purpose of INTERPOL’s Silver Notice?
- Issuing Red Alerts for criminals
- Exchanging information on cybercrimes
- Tracking and recovering laundered assets
- Warning nations about terror threats
- Monitoring wildlife trafficking
Answer: 3. Tracking and recovering laundered assets
Explanation: INTERPOL’s Silver Notice is designed to track and recover assets linked to financial crimes such as corruption and fraud. It is part of INTERPOL’s color-coded notice system.
Q4. Under the National Food Security Act (NFSA), how much food grain is provided per person per month to eligible beneficiaries?
- 1 kg
- 3 kg
- 5 kg
- 7 kg
- 10 kg
Answer: 3. 5 kg
Explanation: The NFSA provides 5 kg of food grains per person per month to eligible beneficiaries at highly subsidized rates. This Act aims to ensure food security for 75% of rural and 50% of urban populations.
Q5. What is the current proposed loan limit under the Kisan Credit Card (KCC) scheme?
- â‚ą1 lakh
- â‚ą3 lakh
- â‚ą4 lakh
- â‚ą5 lakh
- â‚ą6 lakh
Answer: 4. â‚ą5 lakh
Explanation: The loan limit under the Kisan Credit Card (KCC) scheme is proposed to increase from â‚ą3 lakh to â‚ą5 lakh to address the rising costs of farming and agricultural activities.
Q6. Which of the following cities has the third-highest per capita income in India for 2023-24?
- Mumbai
- Bengaluru
- Delhi
- Chennai
- Hyderabad
Answer: 3. Delhi
Explanation: Delhi ranks third in India with a per capita income of â‚ą4,61,910 in 2023-24. This metric indicates the average income earned per person in a year.
Q7. What is a major advantage of unlisted companies over listed companies?
- Easier access to capital
- Higher regulatory scrutiny
- Ability to raise funds privately
- Mandatory public disclosure of financials
- Higher liquidity of shares
Answer: 3. Ability to raise funds privately
Explanation: Unlisted companies can raise funds privately and are less regulated compared to listed companies, which must adhere to stricter rules and public disclosures.
Q8. What tool does the Reserve Bank of India (RBI) use to inject liquidity into the banking system?
- Inflation targeting
- Repo operations
- Reverse repo
- Currency swap agreements
- Green bonds
Answer: 2. Repo operations
Explanation: The RBI injects liquidity into the banking system through tools like repo operations, variable rate reverse repos (VRR), open market operations (OMOs), and foreign exchange swaps.
Q9. The Namo Drone Didi Scheme primarily aims to:
- Enhance military drone technology
- Provide drones to urban infrastructure projects
- Equip women-led SHGs with drones for agriculture
- Promote drone use in education
- Develop drones for environmental studies
Answer: 3. Equip women-led SHGs with drones for agriculture
Explanation: The Namo Drone Didi Scheme empowers women-led Self-Help Groups (SHGs) by providing agricultural drones to boost income and agricultural productivity.
Q10. What is the proposed FPI disclosure threshold for investments in Indian securities markets?
- â‚ą10,000 crore
- â‚ą25,000 crore
- â‚ą50,000 crore
- â‚ą75,000 crore
- â‚ą1,00,000 crore
Answer: 3. â‚ą50,000 crore
Explanation: SEBI proposes increasing the FPI disclosure threshold from ₹25,000 crore to ₹50,000 crore to align with the growing size of India’s market turnover.
