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Daily Current Affairs
22 February, 2025
1. Where was the recent Brigade Commander-level flag meeting between India and Pakistan held?
A) Wagah Border
B) Chakkan Da Bagh, Poonch
C) Attari Border
D) Uri Sector
E) Kartarpur Corridor
Answer: B) Chakkan Da Bagh, Poonch
Explanation: The flag meeting took place at Chakkan Da Bagh in Poonch amid tensions along the Line of Control (LoC), but no joint statement was issued due to ongoing ceasefire violations.
2. What is India’s preferred regional organization for cooperation instead of SAARC?
A) ASEAN
B) SCO
C) BIMSTEC
D) BRICS
E) QUAD
Answer: C) BIMSTEC
Explanation: India favors BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) over SAARC due to Pakistan’s role in blocking progress within SAARC.
3. Under which scheme is India focusing on mining critical minerals like lithium and nickel?
A) Atmanirbhar Bharat Abhiyan
B) National Mineral Policy
C) National Critical Mineral Mission (NCMM)
D) Green Energy Mission
E) Make in India
Answer: C) National Critical Mineral Mission (NCMM)
Explanation: The Indian government has launched the â‚ą16,300 crore National Critical Mineral Mission (NCMM) to boost domestic mining and reduce dependency on imports of key minerals like lithium, cobalt, and rare earth elements.
4. What is the target for India-U.S. bilateral trade by 2030?
A) $100 billion
B) $250 billion
C) $500 billion
D) $750 billion
E) $1 trillion
Answer: C) $500 billion
Explanation: During PM Modi’s U.S. visit, both countries emphasized increasing trade partnerships and set a target of achieving $500 billion in bilateral trade by 2030.
5. Which broadcasting reform was recently introduced in India?
A) Introduction of private FM radio channels
B) Set-top box interoperability
C) 100% FDI in broadcasting
D) Nationwide free DTH services
E) New licensing for community radio
Answer: B) Set-top box interoperability
Explanation: The government introduced interoperability for set-top boxes (STBs) to allow consumers to switch providers without changing hardware, reducing costs and increasing competition in the DTH sector.
6. What is the provisioning requirement for banks under RBI’s new project financing norms?
A) 2%
B) 3%
C) 5%
D) 8%
E) 10%
Answer: C) 5%
Explanation: RBI’s new guidelines mandate a 5% provisioning requirement for project financing during the construction phase, reducing after completion. Industry concerns include rigid moratorium periods and Net Present Value (NPV) conditions.
7. When will the RBI’s new bond forward guidelines become effective?
A) January 1, 2025
B) April 1, 2025
C) May 2, 2025
D) June 30, 2025
E) December 31, 2025
Answer: C) May 2, 2025
Explanation: The RBI has introduced guidelines on bond forwards, effective from May 2, 2025, to help long-term investors manage interest rate risks and improve the interest rate derivative market.
8. Which of the following states saw an increase in unemployment according to the PLFS report?
A) Gujarat
B) Kerala
C) Maharashtra
D) Bihar
E) Chhattisgarh
Answer: D) Bihar
Explanation: The Periodic Labour Force Survey (PLFS) report highlighted rising unemployment in states like J&K, Assam, Bihar, MP, Haryana, and Delhi, while states like Kerala, Chhattisgarh, UP, Maharashtra, and Gujarat showed improvement.
9. What is one of the main factors affecting foodgrain production in India?
A) Only monsoon rainfall
B) Climate change alone
C) Food prices, irrigation, and fertilizer availability
D) Government subsidies only
E) Only rural labor availability
Answer: C) Food prices, irrigation, and fertilizer availability
Explanation: While monsoon rainfall was traditionally considered the key factor, foodgrain production is now influenced more by food prices, electricity, fertilizer supply, and irrigation infrastructure.
10. What is a major benefit of urban farming?
A) Increased transportation costs
B) Higher pollution levels
C) Job creation and reduced food transportation costs
D) Decline in environmental sustainability
E) Reduced need for irrigation
Answer: C) Job creation and reduced food transportation costs
Explanation: Urban farming, through hydroponics, vertical farming, and aquaponics, helps in job creation, lowers food transportation costs, and promotes environmental sustainability.
