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Daily Current Affairs Quiz
19 December, 2024
1. Which country ranks 10th in the U.S. trade deficit rankings as of 2024?
A. China
B. Mexico
C. India
D. Canada
E. Brazil
Answer: C. India
Explanation: India ranked 10th in the U.S. trade deficit rankings due to increased electronics exports, with a deficit of $38 billion in 2024.
2. What is the primary role of INS Nirdeshak in the Indian Navy?
A. Combat operations
B. Submarine defense
C. Hydrographic surveys
D. Missile launching
E. Coastal patrol
Answer: C. Hydrographic surveys
Explanation: INS Nirdeshak is a survey vessel that conducts hydrographic surveys to assist in maritime navigation and data collection.
3. Which launch vehicle is being assembled for India’s Gaganyaan mission?
A. PSLV-C53
B. GSLV Mk-II
C. HLVM3
D. GSLV Mk-III
E. RLV-TD
Answer: C. HLVM3
Explanation: ISRO is assembling the Human Rated Launch Vehicle Mark-3 (HLVM3) for the Gaganyaan mission, India’s first human spaceflight.
4. What is the minimum investment required in SEBI’s new Specialized Investment Funds (SIFs)?
A. â‚ą5 lakh
B. â‚ą7 lakh
C. â‚ą8 lakh
D. â‚ą10 lakh
E. â‚ą12 lakh
Answer: D. â‚ą10 lakh
Explanation: SEBI’s Specialized Investment Funds require a minimum investment of ₹10 lakh, targeting high-net-worth investors.
5. Which country has adopted a bill limiting asylum rights due to migrant concerns from Belarus?
A. France
B. Poland
C. Germany
D. Ukraine
E. Hungary
Answer: B. Poland
Explanation: Poland adopted a bill limiting asylum rights to prevent an influx of migrants entering from Belarus.
6. What is the primary use of rock phosphate in agriculture?
A. Pest control
B. Fertilizer production
C. Soil erosion prevention
D. Crop protection
E. Greenhouse management
Answer: B. Fertilizer production
Explanation: Rock phosphate is a key raw material used in the production of phosphate-based fertilizers, essential for agricultural productivity.
7. What percentage of GST is proposed for term life insurance under the new recommendation?
A. 18%
B. 15%
C. 12%
D. 10%
E. 5%
Answer: E. 5%
Explanation: A Group of Ministers recommended reducing GST on term life insurance from 18% to 5% to encourage wider insurance coverage.
8. What is the scientific name of the Ganges River Dolphin?
A. Delphinus delphis
B. Platanista gangetica gangetica
C. Orcaella brevirostris
D. Tursiops truncatus
E. Sousa chinensis
Answer: B. Platanista gangetica gangetica
Explanation: The Ganges River Dolphin, classified as endangered by the IUCN, has the scientific name Platanista gangetica gangetica.
9. Which financial instrument allows currency trading without actual delivery and is settled in U.S. dollars?
A. Forward Contract
B. Currency Swap
C. Non-Deliverable Forward (NDF)
D. Forex Option
E. Dollar Bond
Answer: C. Non-Deliverable Forward (NDF)
Explanation: NDFs are contracts for currency trading without physical delivery, settled in U.S. dollars at contract maturity.
10. Which major river hosts the endangered Ganges River Dolphin?
A. Yamuna
B. Brahmaputra
C. Ganga
D. Godavari
E. Krishna
Answer: C. Ganga
Explanation: The Ganges River Dolphin inhabits the Ganga, Brahmaputra, and their tributaries, facing threats from pollution and habitat loss.
