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Daily Current Affairs
14 May, 2025
1. Which country did India support by rolling over a $50 million treasury bill in May 2025?
- A. Sri Lanka
- B. Nepal
- C. Maldives
- D. Bangladesh
- E. Bhutan
Answer: C. Maldives
Explanation: India extended financial support to the Maldives by rolling over a $50 million treasury bill for one more year. This move aims to assist the Maldives in implementing fiscal reforms and strengthening its economic resilience.
2. What is the primary purpose of a treasury bill?
- A. Long-term investment
- B. Short-term debt instrument
- C. Equity financing
- D. Foreign direct investment
- E. Trade agreement
Answer: B. Short-term debt instrument
Explanation: Treasury bills are short-term debt instruments issued by governments to meet immediate funding needs. They are typically used for managing short-term liquidity requirements.
3. Which international organization approved a $1 billion immediate disbursement to Pakistan in May 2025?
- A. World Bank
- B. Asian Development Bank
- C. International Monetary Fund (IMF)
- D. Asian Infrastructure Investment Bank
- E. United Nations Development Programme
Answer: C. International Monetary Fund (IMF)
Explanation: The IMF Executive Board approved a $1 billion immediate disbursement to support Pakistan’s efforts to stabilize its economy amid fiscal challenges.
4. What is the primary role of the IMF?
- A. Regulate global trade
- B. Provide long-term development loans
- C. Maintain international monetary cooperation
- D. Enforce international law
- E. Manage global environmental policies
Answer: C. Maintain international monetary cooperation
Explanation: The IMF aims to promote international monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
5. Which country received a $1 billion disbursement from the IMF in May 2025?
- A. India
- B. Bangladesh
- C. Pakistan
- D. Afghanistan
- E. Sri Lanka
Answer: C. Pakistan
Explanation: Pakistan received a $1 billion immediate disbursement from the IMF to support its economic stabilization efforts.
6. What is the significance of rolling over a treasury bill?
- A. It cancels the debt
- B. It converts short-term debt to equity
- C. It extends the maturity period of the debt
- D. It increases the interest rate
- E. It reduces the principal amount
Answer: C. It extends the maturity period of the debt
Explanation: Rolling over a treasury bill means extending its maturity period, allowing the borrower more time to repay the debt. This is often done to manage short-term liquidity issues.
7. Which of the following best describes a treasury bill?
- A. A long-term investment instrument
- B. A type of equity share
- C. A short-term government debt instrument
- D. A corporate bond
- E. A form of foreign direct investment
Answer: C. A short-term government debt instrument
Explanation: Treasury bills are short-term debt instruments issued by governments to finance immediate funding needs. They are typically issued at a discount and mature at face value.
8. Which Indian state is known for Kendu leaves, referred to as the “Green Gold”?
- A. Maharashtra
- B. Odisha
- C. Kerala
- D. Assam
- E. Punjab
Answer: B. Odisha
Explanation: Kendu leaves, often called the “Green Gold of Odisha,” are a significant source of income for tribal communities in the state. They are primarily used in the production of bidis (traditional Indian cigarettes).
9. What is the primary use of Kendu leaves in India?
- A. Tea production
- B. Herbal medicine
- C. Bidi (traditional cigarette) production
- D. Animal fodder
- E. Textile dyeing
Answer: C. Bidi (traditional cigarette) production
Explanation: Kendu leaves are primarily used in the production of bidis, a type of traditional Indian cigarette. The leaves serve as wrappers for the tobacco.
