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Daily Current Affairs
17 January, 2025
- What is the primary objective of the RoDTEP scheme introduced by India in 2021?
A. Boost foreign direct investment
B. Refund taxes, duties, and levies on exported items
C. Regulate steel exports
D. Increase trade with the European Union
E. Strengthen cybersecurity infrastructure
Answer: B. Refund taxes, duties, and levies on exported items
Explanation: The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme refunds embedded taxes and duties to exporters, ensuring their competitiveness in international markets.
- What is the main significance of India’s SpaDeX Mission?
A. Launching a reusable rocket
B. Establishing the third launch pad at SDSC
C. Conducting India’s first in-orbit docking experiment
D. Expanding India’s satellite servicing capabilities
E. Testing interplanetary mission feasibility
Answer: C. Conducting India’s first in-orbit docking experiment
Explanation: The SpaDeX Mission involves docking two satellites (SDX01 and SDX02), a milestone enabling modular space infrastructure, satellite servicing, and interplanetary mission support.
- Why has Japan recently established a mission to NATO?
A. To counter global terrorism
B. To strengthen its military alliance with Russia
C. To address rising tensions with China, Russia, and North Korea
D. To support NATO’s climate change initiatives
E. To promote technological collaborations with NATO countries
Answer: C. To address rising tensions with China, Russia, and North Korea
Explanation: Japan’s mission to NATO reflects growing concerns over regional security challenges posed by these nations.
- Which of the following is true about Special Rupee Vostro Accounts (SRVA)?
A. They enable trade in Indian Rupees instead of foreign currencies.
B. They are exclusively for domestic trade.
C. They promote RBI’s digital currency adoption.
D. They allow foreign banks to invest in Indian startups.
E. They were introduced to regulate cryptocurrency exchanges.
Answer: A. They enable trade in Indian Rupees instead of foreign currencies.
Explanation: SRVA facilitates international trade in INR, reducing dependence on foreign currencies and strengthening the rupee’s global role.
- What is the expected completion year for the third launch pad at the Satish Dhawan Space Centre (SDSC)?
A. 2025
B. 2027
C. 2029
D. 2030
E. 2032
Answer: C. 2029
Explanation: The Union Cabinet has approved a project worth ₹3,984.86 crore for the construction of the third launch pad at SDSC, slated for completion in 2029.
- What was the primary reason behind the World Bank maintaining India’s growth forecast at 6.7% for FY26?
A. Decline in global oil prices
B. Strong performance in services and manufacturing sectors
C. Increased reliance on foreign direct investment
D. Stabilization of the rupee against the dollar
E. Improved agricultural output
Answer: B. Strong performance in services and manufacturing sectors
Explanation: India’s growth is driven by services, manufacturing, private consumption, and investment, despite global economic challenges.
- Which sector saw an increase in exports to $6.64 billion in FY 2023-24 from $6.1 billion in FY 2022-23?
A. Pharmaceuticals
B. Electronics
C. Automobiles
D. Steel
E. Textiles
Answer: D. Steel
Explanation: India’s steel exports witnessed a growth from $6.1 billion in FY 2022-23 to $6.64 billion in FY 2023-24.
- What was a significant finding of the SC Committee Report on agrarian distress?
A. Farmers earn ₹1,000/day on average.
B. Rising debts are limited to Maharashtra.
C. Average farmer household income is ₹10,218/month.
D. Climate change has negligible impact on agriculture.
E. Agrarian distress is primarily due to urban migration.
Answer: C. Average farmer household income is ₹10,218/month.
Explanation: The SC Committee Report highlights low incomes, rising debts, and climate change as significant contributors to agrarian distress, threatening food security.
- Which organization developed the New Glenn rocket launched in January 2025?
A. SpaceX
B. ISRO
C. NASA
D. Blue Origin
E. ESA
Answer: D. Blue Origin
Explanation: The New Glenn, developed by Blue Origin, is a heavy-lift, partially reusable rocket launched for advanced orbital missions.
- Which of the following is a feature of SEBI’s new nominee access and asset transfer rules?
A. Up to 5 nominees per account
B. Documentation requirements increased
C. Simplified processes for asset transmission
D. Exclusive to public sector banks
E. Strict guidelines for international investors
Answer: C. Simplified processes for asset transmission
Explanation: SEBI introduced changes allowing up to 10 nominees per account, reduced documentation requirements, and streamlined asset transfer processes for better family asset management.
