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Daily Current Affairs
23 & 24 February, 2025
1. What is the primary objective of RBI’s recent $10 billion dollar-rupee swap auction?
A) To increase foreign exchange reserves
B) To stabilize the rupee and inject liquidity into banks
C) To reduce inflation through rate hikes
D) To attract foreign direct investment (FDI)
E) To support digital banking initiatives
Answer: B) To stabilize the rupee and inject liquidity into banks
Explanation: The RBI’s dollar-rupee swap auction aims to provide long-term liquidity to banks, counter rupee depreciation, and manage inflation by controlling excess money supply.
2. Which of the following initiatives is NOT part of IRDAI’s Bima Trinity?
A) Bima Sugam
B) Bima Vistaar
C) Bima Vahak
D) Bima Raksha
E) None of the above
Answer: D) Bima Raksha
Explanation: The Bima Trinity includes Bima Sugam (digital insurance platform), Bima Vistaar (rural insurance), and Bima Vahak (women-led insurance distribution). “Bima Raksha” is not part of this initiative.
3. What is a key concern regarding SEBI’s proposal to remove the 200-investor cap for angel funds?
A) Increased risk of fraud and non-compliance
B) Lower returns for investors
C) Reduced availability of venture capital for startups
D) Decline in stock market liquidity
E) Restriction on foreign institutional investments
Answer: A) Increased risk of fraud and non-compliance
Explanation: Expanding the QIB definition and removing investor caps could lead to verification issues, onboarding financially weak individuals, and compliance concerns under the Companies Act, 2013.
4. Which state has the lowest debt-to-GSDP ratio as per recent budget reports?
A) Rajasthan
B) Gujarat
C) West Bengal
D) Uttar Pradesh
E) Maharashtra
Answer: B) Gujarat
Explanation: Gujarat has the lowest debt-to-GSDP ratio (15%), indicating better fiscal management. States like Rajasthan and West Bengal have significantly higher debt burdens.
5. Microsoft’s new quantum chip, “Majorana 1”, aims to accelerate advancements in which field?
A) Artificial Intelligence
B) Cybersecurity
C) Quantum Computing
D) Blockchain Technology
E) Medical Research
Answer: C) Quantum Computing
Explanation: Majorana 1 is expected to enable fault-tolerant quantum computing, revolutionizing fields such as AI, cryptography, and scientific research. However, scientists urge further validation of its capabilities.
6. What is the main reason for gold outperforming other asset classes in 2024?
A) Increased gold mining output
B) Weakening of the Indian rupee
C) High inflation and central banks increasing gold reserves
D) Strong global equity market performance
E) Government incentives for gold investments
Answer: C) High inflation and central banks increasing gold reserves
Explanation: Gold prices surged due to inflation fears, economic uncertainty, and massive gold purchases by central banks (especially China and India).
7. Why is Tamil Nadu opposing the three-language policy under NEP 2020?
A) Preference for English as the sole medium of instruction
B) Fear of Hindi imposition affecting regional language prominence
C) Resistance to teaching foreign languages
D) Insufficient resources to implement the policy
E) Opposition to all educational reforms by the central government
Answer: B) Fear of Hindi imposition affecting regional language prominence
Explanation: Tamil Nadu has historically opposed Hindi imposition and favors a two-language policy (Tamil and English) rather than adopting NEP 2020’s three-language model.
8. What is a major challenge faced by Indian banks despite a decline in gross NPAs?
A) Increased CASA deposit growth
B) Rising interest income
C) Declining CASA deposits and margin pressure
D) Higher government subsidies for banking sector
E) Strong foreign investments in public sector banks
Answer: C) Declining CASA deposits and margin pressure
Explanation: Banks are experiencing a decline in low-cost CASA (Current Account Savings Account) deposits, which affects profitability. Additionally, RBI’s potential rate cuts may further reduce banks’ net interest margins.
9. Why is India investing in submarine development under Projects 75 and 76?
A) To enhance trade routes security in the Indian Ocean
B) To counter China’s growing naval presence
C) To boost the domestic shipbuilding industry
D) To comply with UN maritime security regulations
E) To replace outdated warships with new aircraft carriers
Answer: B) To counter China’s growing naval presence
Explanation: India is developing diesel-electric and nuclear-powered submarines under Projects 75 and 76 to strengthen naval defense against China’s expanding influence in the Indo-Pacific region.
10. What is a major criticism of India’s AI-based TB detection initiative?
A) The government is not investing in AI research
B) The use of an unvalidated AI tool (DeepCXR) over globally recognized models
C) TB cases in India are too low for AI to be effective
D) AI is replacing doctors in diagnosis, causing unemployment
E) AI models are not capable of detecting TB accurately
Answer: B) The use of an unvalidated AI tool (DeepCXR) over globally recognized models
Explanation: Despite having AI-based TB detection tools like qXR & Genki, India’s government has chosen an unvalidated AI tool (DeepCXR), raising concerns over transparency and efficiency in TB eradication efforts.
