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Daily Quiz: 15 February 2025

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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.

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