Got Questions? We’ve Got Answers!
📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!
💡 Your Learning Partner Is Just a Click Away!
👉 Click here to Ask Your Question Now and get clear, reliable answers from experts.
Daily Current Affairs Quiz
18 December, 2024
1. Which organization will now only conduct competitive entrance exams like JEE and NEET in India?
A. UGC
B. AICTE
C. NTA
D. CBSE
E. Ministry of Education
Answer: C. NTA
Explanation: The National Testing Agency (NTA) will focus solely on conducting competitive entrance exams like JEE and NEET, ending its involvement in recruitment exams.
2. What is the primary reason for India’s banking system liquidity deficit of ₹1.5 trillion?
A. Lower credit demand
B. High GST outflows
C. Strong foreign investment inflows
D. Increase in gold reserves
E. Decline in inflation rates
Answer: B. High GST outflows
Explanation: India’s banking system liquidity deficit is attributed to increased credit demand, GST outflows, festive season withdrawals, and slow deposit growth.
3. Why did SEBI ban FPIs from issuing P-Notes on derivatives?
A. To reduce inflation
B. To increase foreign investment
C. To enhance market transparency
D. To support startups
E. To curb foreign exchange reserves
Answer: C. To enhance market transparency
Explanation: SEBI prohibited Foreign Portfolio Investors (FPIs) from issuing P-Notes on derivatives to increase transparency and prevent misuse of capital inflows.
4. What is the significance of AgriStack in India?
A. Reducing inflation
B. Encouraging rural tourism
C. Promoting digital agriculture
D. Increasing import-export balance
E. Providing free fertilizers
Answer: C. Promoting digital agriculture
Explanation: AgriStack creates digital farmer IDs, enabling better delivery of farmer welfare schemes and promoting digital agriculture practices.
5. Which financial tool allows banks to raise funds through fixed-term deposits?
A. Treasury Bills
B. Certificates of Deposit
C. Bonds
D. Fixed Deposits
E. Commercial Papers
Answer: B. Certificates of Deposit
Explanation: Banks use Certificates of Deposit (CDs), a fixed-term deposit tool, to raise funds for specific durations at fixed interest rates.
6. What triggered the decline of the Indian Rupee to an all-time low of ₹84.93 against the US dollar?
A. Decreased oil prices
B. Surplus trade balance
C. Increased US bond yields
D. Surge in forex reserves
E. Strengthened domestic market
Answer: C. Increased US bond yields
Explanation: The rupee’s decline was due to a trade deficit, increased US bond yields, foreign equity outflows, and rising oil prices.
7. What is the primary purpose of India’s Conformity Assessment Scheme (i-CAS)?
A. To improve export regulations
B. To boost tourism
C. To ensure product quality in agriculture
D. To promote renewable energy
E. To reduce inflation
Answer: C. To ensure product quality in agriculture
Explanation: India launched the i-CAS scheme to maintain product quality, ensuring safer agricultural products in the domestic and export markets.
8. What action did the Parliamentary Committee recommend concerning MGNREGS wages?
A. Elimination of the scheme
B. Free health insurance for workers
C. Revision of wages due to inflation
D. Reducing working hours
E. Stopping agricultural support
Answer: C. Revision of wages due to inflation
Explanation: The committee recommended raising MGNREGS wages to reflect current inflation and ensure better financial stability for workers.
9. Which initiative ensures safer investment options for banks and investors?
A. Bonds
B. Savings Accounts
C. Certificates of Deposit
D. Mutual Funds
E. Credit Cards
Answer: C. Certificates of Deposit
Explanation: Certificates of Deposit are fixed-term deposits offering secure investment returns, helping banks manage funds efficiently.
10. What does the National Testing Agency (NTA) focus on after ending its recruitment exam role?
A. University Grants Management
B. Teacher Eligibility Tests
C. Competitive Entrance Exams
D. International Student Exams
E. Technical Skill Assessments
Answer: C. Competitive Entrance Exams
Explanation: NTA now focuses exclusively on conducting entrance exams like JEE and NEET, ensuring fair and transparent testing through advanced technology.
