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Daily Current Affairs Quiz
17 December, 2024
1. Which country recently agreed to strengthen defense and energy ties with India, including a proposed Tamil Nadu-Sri Lanka pipeline?
A. Nepal
B. Maldives
C. Sri Lanka
D. Bangladesh
E. Bhutan
Answer: C. Sri Lanka </br>
Explanation: India and Sri Lanka agreed on defense and energy partnerships, including projects like electricity grid connectivity, multi-product petroleum pipelines, and the Tamil Nadu-Sri Lanka fuel pipeline for affordable fuel supply.
2. What amount did NPCIL raise through 15-year bonds at a 7.14% coupon rate?
A. ₹2,000 crore
B. ₹3,500 crore
C. ₹4,600 crore
D. ₹5,200 crore
E. ₹6,000 crore
Answer: C. ₹4,600 crore </br>
Explanation: The Nuclear Power Corporation of India Limited raised ₹4,600 crore through 15-year bonds with a 7.14% coupon rate to fund nuclear projects.
3. India’s merchandise exports in November 2024 fell by what percentage, causing a record trade deficit?
A. 3.5%
B. 4.0%
C. 4.83%
D. 5.2%
E. 6.0%
Answer: C. 4.83% </br>
Explanation: India’s merchandise exports fell by 4.83% to $32.11 billion in November 2024, causing a trade deficit of $37.84 billion due to increased imports.
4. What is the expected GDP growth rate for India in FY25 according to CRISIL?
A. 5.9%
B. 6.2%
C. 6.5%
D. 6.7%
E. 7.0%
Answer: D. 6.7% </br>
Explanation: CRISIL forecasts India’s GDP growth at 6.7% in FY25, citing moderated investment growth and a fiscal deficit expected at 4.9% of GDP.
5. Which organization issued an administrative warning to HDFC Bank for non-compliance with listing regulations?
A. RBI
B. SEBI
C. IRDAI
D. NABARD
E. Ministry of Finance
Answer: B. SEBI </br>
Explanation: The Securities and Exchange Board of India (SEBI) issued a warning to HDFC Bank for failing to comply with specific listing regulations.
6. What percentage of SME IPOs are now held by institutional investors in India in 2024?
A. 20%
B. 30%
C. 40%
D. 50%
E. 60%
Answer: D. 50% </br>
Explanation: Institutional investors now hold about 50% of SME IPO shares in India, reflecting growing investor confidence and participation.
7. Which index fell to 1.89% in November 2024 due to reduced food prices?
A. Consumer Price Index (CPI)
B. Retail Price Index (RPI)
C. Producer Price Index (PPI)
D. Wholesale Price Index (WPI)
E. Inflation Index
Answer: D. Wholesale Price Index (WPI) </br>
Explanation: The Wholesale Price Index (WPI) fell to 1.89% in November 2024 due to lower food prices, indicating reduced inflationary pressures.
8. What budget reduction did the Labour Ministry propose for the Employment Linked Incentive (ELI) Scheme for FY25?
A. ₹5,000 crore
B. ₹6,852 crore
C. ₹7,200 crore
D. ₹8,500 crore
E. ₹9,000 crore
Answer: B. ₹6,852 crore </br>
Explanation: The Labour Ministry proposed reducing the Employment Linked Incentive Scheme budget by ₹6,852 crore, impacting EPFO-registered employees’ benefits.
9. The government is considering a minimum pension hike for which scheme?
A. Atal Pension Yojana
B. Employees’ Provident Fund Scheme
C. Employees’ Pension Scheme (EPS)
D. National Pension System (NPS)
E. Gratuity Fund
Answer: C. Employees’ Pension Scheme (EPS) </br>
Explanation: A parliamentary committee recommended raising the minimum pension of ₹1,000 provided under the Employees’ Pension Scheme (EPS), benefiting the formal workforce.
10. India’s green hydrogen strategy aims to overcome challenges related to which key factors?
A. Power generation and grid integration
B. Technology and infrastructure
C. Land acquisition and supply chain
D. Policy and funding
E. Export and logistics
Answer: B. Technology and infrastructure </br>
Explanation: India aims to become a global green hydrogen leader by overcoming challenges related to technological advancements and infrastructure development.
