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Daily Current Affairs
19 April, 2025
1. What is the primary goal of the ‘Viksit Bharat 2047’ initiative launched by the Indian government?​
- A) Achieving net-zero carbon emissions by 2047
- B) Doubling the country’s GDP by 2047
- C) Transforming India into a developed nation by 2047
- D) Eradicating poverty completely by 2047
- E) Establishing a digital economy by 2047​
Answer: C) Transforming India into a developed nation by 2047 Explanation: The ‘Viksit Bharat 2047’ initiative aims to transform India into a developed nation by the year 2047, coinciding with the centenary of its independence. The program focuses on various sectors, including infrastructure, education, health, and governance, to achieve this goal.
2. Which Indian astronaut is scheduled for space travel in May 2025?​
- A) Rakesh Sharma
- B) Sunita Williams
- C) Gaganyaan Mission Commander
- D) Kalpana Chawla
- E) None of the above​
Answer: C) Gaganyaan Mission Commander Explanation: As part of India’s Gaganyaan mission, the selected astronaut, serving as the mission commander, is scheduled for space travel in May 2025. This mission marks a significant milestone in India’s space exploration efforts.
3. Which renowned Indian cardiologist, known as the ‘Doyen of Angioplasty,’ passed away recently?​
- A) Dr. Devi Shetty
- B) Dr. Naresh Trehan
- C) Dr. Mathew Samuel Kalarickal
- D) Dr. Ramakanta Panda
- E) Dr. Ashok Seth​
Answer: C) Dr. Mathew Samuel Kalarickal Explanation: Dr. Mathew Samuel Kalarickal, a pioneering Indian cardiologist known as the ‘Doyen of Angioplasty,’ passed away recently. He was instrumental in introducing and popularizing angioplasty procedures in India.
4. What significant change did the Central Board of Indirect Taxes and Customs (CBIC) implement regarding GST registration?​
- A) Elimination of GST for small businesses
- B) Introduction of biometric-based Aadhaar authentication
- C) Extension of GST filing deadlines
- D) Reduction in GST rates for essential commodities
- E) Mandatory GST registration for all freelancers​
Answer: B) Introduction of biometric-based Aadhaar authentication Explanation: The CBIC has overhauled the GST registration framework by introducing biometric-based Aadhaar authentication to enhance the verification process and curb fraudulent registrations.
​5. What directive did the Finance Ministry issue to banks regarding eNWR lending?​
- A) Increase interest rates on eNWR loans
- B) Limit eNWR lending to large corporations
- C) Boost lending against electronic Negotiable Warehouse Receipts (eNWRs)
- D) Discontinue eNWR lending due to risks
- E) Introduce new taxes on eNWR transactions​
Answer: C) Boost lending against electronic Negotiable Warehouse Receipts (eNWRs) Explanation: The Finance Ministry has urged banks to enhance lending against eNWRs to improve credit flow to the agricultural sector and ensure better price realization for farmers.
​6. What is the GST implication on UPI transactions exceeding ₹2,000?​
- A) Subject to 18% GST
- B) Subject to 12% GST
- C) No GST applicable
- D) Subject to 5% GST
- E) Subject to 28% GST​
Answer: C) No GST applicable Explanation: UPI transactions, regardless of the amount, are exempt from GST. The government has clarified that there is no GST on UPI transactions, including those exceeding â‚ą2,000, to promote digital payments.
7. Why are family offices preferring the Alternative Investment Fund (AIF) route in GIFT City over Family Investment Funds (FIFs)?​
- A) Higher returns in AIFs
- B) Simplified regulatory framework for AIFs
- C) Tax benefits exclusive to AIFs
- D) Restrictions on FIFs
- E) Lack of awareness about FIFs​
Answer: B) Simplified regulatory framework for AIFs Explanation: Family offices are opting for the AIF route in GIFT City due to its streamlined regulatory processes, making it more attractive compared to the relatively complex framework governing FIFs.
​8. What is the primary objective of the ₹2,250 crore Export Promotion Mission launched by the Indian government?​
- A) To subsidize agricultural exports
- B) To enhance India’s manufacturing capabilities
- C) To boost the country’s export competitiveness
- D) To develop new export markets in Africa
- E) To promote digital services exports​
Answer: C) To boost the country’s export competitiveness Explanation: The â‚ą2,250 crore Export Promotion Mission aims to enhance India’s export competitiveness by providing financial assistance, infrastructure development, and policy support to exporters.
9. Which organization is responsible for implementing the Export Promotion Mission?​
- A) Ministry of Commerce and Industry
- B) NITI Aayog
- C) Export-Import Bank of India
- D) Directorate General of Foreign Trade
- E) Federation of Indian Export Organisations​
Answer: A) Ministry of Commerce and Industry Explanation: The Ministry of Commerce and Industry is spearheading the Export Promotion Mission, coordinating with various stakeholders to implement strategies that enhance India’s export performance.
10. What is the expected impact of the Export Promotion Mission on India’s trade balance?​
- A) Increase in trade deficit
- B) No significant change
- C) Improvement in trade surplus
- D) Stabilization of trade balance
- E) Short-term deterioration followed by long-term improvement​
Answer: C) Improvement in trade surplus Explanation: By boosting exports through the Export Promotion Mission, India aims to improve its trade surplus, thereby strengthening the country’s economic position globally.
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