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Daily Current Affairs
15 February, 2025
1. What is the target for India-U.S. bilateral trade under the “Mission 500” initiative?
A) $300 billion by 2025
B) $400 billion by 2030
C) $500 billion by 2030
D) $600 billion by 2035
E) $750 billion by 2040
Answer: C) $500 billion by 2030
Explanation: The “Mission 500” initiative aims to expand India-U.S. bilateral trade to $500 billion by 2030. This includes increasing energy imports from the U.S. and resolving tariff disputes.
2. What is a key concern for India in acquiring the F-35 stealth fighter?
A) Low operational range
B) Lack of pilot training facilities
C) High cost and technology transfer issues
D) Compatibility with Indian Air Force bases
E) Lack of spare parts availability
Answer: C) High cost and technology transfer issues
Explanation: While the F-35 would enhance India’s defense capabilities, concerns include high costs, limited technology transfer, and potential impacts on India’s defense relationship with Russia.
3. What natural disaster destroyed the Teesta-3 dam in October 2023?
A) Earthquake
B) Glacial lake outburst flood (GLOF)
C) Cyclone
D) Volcanic eruption
E) Tsunami
Answer: B) Glacial lake outburst flood (GLOF)
Explanation: A GLOF caused by rapid melting of a glacial lake led to the destruction of the Teesta-3 dam in Sikkim, resulting in over 100 deaths and large-scale displacement.
4. What is the primary factor affecting Earth’s seasons?
A) Orbital speed variations
B) Earth’s axial tilt
C) Distance from the Sun
D) Solar flares
E) Magnetic field changes
Answer: B) Earth’s axial tilt
Explanation: The axial tilt (approximately 23.5°) causes seasonal variations as different parts of Earth receive varying amounts of sunlight throughout the year.
5. Why did the RBI supersede the New India Cooperative Bank?
A) Rising non-performing assets
B) Financial mismanagement concerns
C) Merger with another bank
D) Government privatization plan
E) Cybersecurity threats
Answer: B) Financial mismanagement concerns
Explanation: RBI took control of the New India Cooperative Bank due to concerns over financial mismanagement and potential misuse of funds. A new administrator was appointed to oversee operations.
6. What was the primary reason behind NFRA filing a petition in the Supreme Court?
A) Violation of banking regulations
B) Delay in financial disclosures
C) Quashing of showcause notices by Delhi HC
D) Misuse of foreign funds
E) Tax evasion charges
Answer: C) Quashing of showcause notices by Delhi HC
Explanation: The NFRA filed a petition after the Delhi High Court quashed 11 showcause notices due to procedural lapses. The government is considering restructuring NFRA to enhance audit oversight.
7. What economic principle is central to “MAGAnomics”?
A) Free trade and open markets
B) Protectionism and deficit spending
C) Universal basic income
D) Austerity measures
E) Decentralized currency policies
Answer: B) Protectionism and deficit spending
Explanation: MAGAnomics, associated with Donald Trump’s economic policies, includes protectionist trade measures, deficit spending, deregulation, and an emphasis on industrial policy.
8. Which factor contributed to India’s recent forex reserve increase?
A) Declining foreign investments
B) RBI’s forex market interventions
C) Decrease in trade surplus
D) Reduction in remittances
E) Domestic currency depreciation
Answer: B) RBI’s forex market interventions
Explanation: India’s forex reserves rose by $7.6 billion due to an increase in foreign currency assets, gold reserves, and strategic interventions by the RBI in the forex market.
9. What is the main goal of the Aquatic Animal Diseases Symposium at the 14AFAF?
A) Enhance biosecurity in aquaculture
B) Reduce water pollution in fisheries
C) Promote genetically modified fish species
D) Increase fish exports to European markets
E) Introduce new fishing technologies
Answer: A) Enhance biosecurity in aquaculture
Explanation: The symposium focused on improving biosecurity measures, strengthening disease surveillance, and promoting sustainability in India’s aquaculture sector.
10. What was India’s consumer price inflation in January, nearing RBI’s target?
A) 3.8%
B) 4.3%
C) 5.1%
D) 6.2%
E) 7.5%
Answer: B) 4.3%
Explanation: India’s consumer price inflation fell to 4.3% in January, close to the RBI’s target of 4%. This was aided by lower food inflation and potential government policy interventions.