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Daily Current Affairs
24 December, 2024
1. What is the J-35 fighter jet primarily designed for?
a) Naval surveillance and research
b) Air superiority and surface strike missions
c) Space exploration missions
d) Unmanned combat operations
e) Submarine detection
Answer: b) Air superiority and surface strike missions
Explanation: The J-35 is a Chinese twin-engine, all-weather stealth multirole combat aircraft designed for air superiority and surface strike missions. It is manufactured by Shenyang Aircraft Corporation and comes in land-based and carrier-based variants.
2. What was introduced in Sri Lanka’s 13th Amendment to the Constitution?
a) Establishment of a national army
b) Creation of Provincial Councils
c) Ban on foreign investments
d) Declaration of Buddhism as the state religion
e) Abolishment of the English language
Answer: b) Creation of Provincial Councils
Explanation: The 13th Amendment, passed in 1987, created Provincial Councils in Sri Lanka, made Sinhala and Tamil the official languages, and declared English the “link language” to facilitate communication between groups who do not share a native language.
3. Kashmiri Papier Mâché, a craft introduced in the 14th century, primarily uses what material?
a) Wood
b) Paper pulp
c) Bamboo
d) Metal
e) Silk
Answer: b) Paper pulp
Explanation: Kashmiri Papier Mâché is a traditional craft using paper pulp to create highly decorated and colorful products like vases, bowls, and lamp bases. It was introduced by the Muslim saint Mir Sayyid Ali Hamadani in the 14th century.
4. What is the primary objective of the Pradhan Mantri Surya Ghar Free Electricity Scheme?
a) Promote thermal power plants
b) Reduce fossil fuel dependency
c) Provide free electricity by installing solar panels on rooftops
d) Establish nuclear energy hubs
e) Strengthen the coal sector
Answer: c) Provide free electricity by installing solar panels on rooftops
Explanation: The Pradhan Mantri Surya Ghar Free Electricity Scheme aims to install solar panels on rooftops, reducing electricity bills and supporting India’s green energy milestone of achieving 203.18 GW renewable energy capacity.
5. What is the limitation of the Mumbai Interbank Offered Rate (MIBOR) in benchmarking indexed overnight swaps?
a) It is based on collateralized trade.
b) It fails to reflect accurate market pricing.
c) It does not support international trade.
d) It is only used in rural banking.
e) It excludes corporate bonds.
Answer: b) It fails to reflect accurate market pricing.
Explanation: MIBOR’s limitation lies in its uncollateralized trade nature, which makes it less representative of the actual market situation. Indian lenders suggest replacing MIBOR with SORR, a repo-based benchmark, for better accuracy in interest rate swaps.
6. Why did the Securities and Exchange Board of India (Sebi) suspend trading in Bharat Global Developers?
a) Failure to pay taxes
b) Fraudulent preferential allotment
c) Inability to meet profit targets
d) Overvaluation of assets
e) Lack of transparency in environmental practices
Answer: b) Fraudulent preferential allotment
Explanation: Sebi suspended trading in Bharat Global Developers due to lapses in the company’s financial disclosures and fraudulent preferential allotment practices. The company operates in domains like green energy, engineering, and infrastructure.
7. What percentage of GDP loss due to climate change was recorded in India in 2022, according to reports?
a) 5%
b) 8%
c) 10%
e) 15%
d) 25%
Answer: b. 8% </br>
Explanation: India recorded an 8% GDP loss in 2022 due to climate change. This figure highlights the severe economic impact of extreme weather conditions on the country. Projections by the Asian Development Bank estimate this loss could increase to 25% by 2070.
8. What is the primary focus of sustainable agriculture techniques like drip irrigation and nano fertilizers?
a) Enhancing export potential
b) Prioritizing renewable and natural resources
c) Increasing pesticide usage
d) Boosting livestock farming
e) Encouraging monoculture farming
Answer: b. Prioritizing renewable and natural resources </br>
Explanation: Sustainable agriculture emphasizes the use of renewable and natural resources, reducing dependency on synthetic inputs such as fertilizers and pesticides. Methods like drip irrigation and nano fertilizers aim to promote environmental and economic sustainability.
9. What initiative by Hindustan Zinc has helped farmers collectively generate ₹5 crore in FY24?
a) Green Agriculture Program
b) Samadhan Initiative
c) Farmer Sustainability Plan
d) Agri-Business Alliance
e) Community Development Scheme
Answer: b. Samadhan Initiative </br>
Explanation: Hindustan Zinc’s Samadhan Initiative has empowered farmers through the creation of individual farmer producer organizations (i-FPOs). These organizations provide tools, knowledge, and sustainable practices, enabling farmers to enhance their income and contribute collectively to ₹5 crore revenue.
10. Which statutory body in India monitors air and water quality and is planning a study on high ozone levels in Delhi?
a) National Green Tribunal
b) Central Pollution Control Board
c) Ministry of Environment
d) Indian Meteorological Department
e) State Pollution Control Boards
Answer: b. Central Pollution Control Board </br>
Explanation: The Central Pollution Control Board (CPCB) is a statutory body under the Ministry of Environment, Forest, and Climate Change. It oversees national environmental standards and monitors air and water quality. The CPCB is initiating a study to understand high ozone levels in Delhi.
