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Daily Current Affairs
14 February, 2025
1. Which country is constructing the world’s largest hydroelectric dam on the Yarlung Zangbo River?
A) India
B) Nepal
C) China
D) Bangladesh
E) Bhutan
Answer: C) China
Explanation: China is building the largest hydroelectric dam on the Yarlung Zangbo River in Tibet, raising concerns for India and Bangladesh over water security and environmental impacts. The project lacks a water-sharing treaty, which could disrupt downstream water flow.
2. What was a major outcome of the Trump-Putin talks regarding Ukraine?
A) U.S. offered military aid to Ukraine
B) Agreement on NATO membership for Ukraine
C) Legitimization of Russia’s annexation of Crimea
D) Formation of a peacekeeping force
E) Strengthened U.S.-Ukraine relations
Answer: C) Legitimization of Russia’s annexation of Crimea
Explanation: Trump’s discussion with Putin suggested a possible shift in U.S. policy, potentially recognizing Russia’s control over Crimea and limiting Ukraine’s NATO aspirations, which could weaken Ukraine’s position.
3. What is the revised eligibility period for U.S. B1/B2 visa interview waivers after COVID-19?
A) 24 months
B) 48 months
C) 12 months
D) 36 months
E) 60 months
Answer: C) 12 months
Explanation: The U.S. has reinstated pre-COVID visa renewal rules, reducing the eligibility period for interview waivers from 48 months to 12 months, leading to increased wait times.
4. Under which Article of the Indian Constitution was President’s Rule imposed in Manipur?
A) Article 365
B) Article 352
C) Article 356
D) Article 360
E) Article 324
Answer: C) Article 356
Explanation: President’s Rule was imposed in Manipur after CM N. Biren Singh resigned due to ethnic violence. Article 356 allows central government intervention when a state government cannot function properly.
5. What is India’s current long-term ranking in the Climate Risk Index (CRI) 2025?
A) 7th
B) 49th
C) 1st
D) 6th
E) 10th
Answer: D) 6th
Explanation: India improved its short-term ranking from 7th to 49th but remains the 6th most affected country in the long-term Climate Risk Index (1993-2022) due to climate disasters.
6. What is one of the key proposals discussed in the RBI-NBFC meeting?
A) Reduction of repo rate
B) Increase in External Commercial Borrowing (ECB) limits
C) Complete ban on gold loans
D) Merging NBFCs with banks
E) Imposing additional taxes on NBFCs
Answer: B) Increase in External Commercial Borrowing (ECB) limits
Explanation: NBFCs requested the RBI to increase the automatic ECB limit to $750 million to ease foreign funding access amid declining bank loans.
7. What major change is proposed in the Income Tax Bill, 2025?
A) Increase in tax rates
B) Elimination of ‘previous year’ and ‘assessment year’
C) Introduction of a wealth tax
D) Exemption for corporate taxes
E) Increase in GST rates
Answer: B) Elimination of ‘previous year’ and ‘assessment year’
Explanation: The new bill aims to simplify tax laws by removing the concepts of ‘previous year’ and ‘assessment year’ to improve clarity and compliance.
8. How much did RBI sell in Forex markets this week to stabilize the rupee?
A) $5-6 billion
B) $10 billion
C) $12-14 billion
D) $20 billion
E) $2 billion
Answer: C) $12-14 billion
Explanation: The RBI intervened in the Forex market by selling $12-14 billion to stabilize the rupee amid liquidity shortages.
9. What power is SEBI seeking regarding social media financial advice?
A) The ability to block misleading financial messages
B) The power to issue tax rebates
C) The authority to control bank interest rates
D) The ability to regulate mutual fund investments
E) The right to impose penalties on cryptocurrency trading
Answer: A) The ability to block misleading financial messages
Explanation: SEBI wants more authority to remove misleading financial content from platforms like WhatsApp and Telegram, but faces resistance from messaging apps due to privacy laws.
10. Which economic strategy is India adopting due to Global Economic Fragmentation (GEF)?
A) Increased reliance on exports
B) Lowering import tariffs
C) Shifting towards domestic-led growth
D) Reducing investments in public infrastructure
E) Increasing dependency on Chinese imports
Answer: C) Shifting towards domestic-led growth
Explanation: Due to rising protectionism and trade restrictions, India is focusing on domestic economic growth, increasing tariffs, and promoting manufacturing under PLI schemes.
