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Daily Current Affairs
25 & 26 December, 2024
1. What is the primary purpose of the H1B Visa program in the United States?
a) Allowing U.S. citizens to work overseas
b) Facilitating cultural exchange programs
c) Hiring skilled foreign professionals for specialized roles
d) Promoting international tourism in the U.S.
e) Offering residency to foreign workers
Answer: c) Hiring skilled foreign professionals for specialized roles
Explanation:
The H1B visa program enables U.S. employers to hire skilled foreign professionals, primarily for specialized roles in industries such as IT, engineering, and healthcare. This program has been particularly beneficial to Indian workers.
2. What does the Free Movement Regime (FMR) between India and Myanmar allow?
a) Duty-free trade of goods across the border
b) People to travel up to 16 km into each other’s territory
c) Sharing of natural resources in the border regions
d) Free education for residents within 10 km of the border
e) Establishment of joint military operations along the border
Answer: b) People to travel up to 16 km into each other’s territory
Explanation:
The Free Movement Regime (FMR) is a bilateral agreement between India and Myanmar that allows people living near the border to travel up to 16 km into each other’s territory. This was implemented to improve economic, healthcare, and educational access in border areas.
3. Which recent legislation in Australia aims to protect children under 16 years from having social media accounts?
a) Digital Safety Protection Bill, 2023
b) Online Safety Amendment (Social Media Minimum Age) Bill, 2024
c) Cybersecurity and Privacy Act, 2024
d) Children’s Online Safety and Protection Act, 2024
e) Social Media Age Restriction Act, 2024
Answer: b) Online Safety Amendment (Social Media Minimum Age) Bill, 2024
Explanation:
Australia’s Online Safety Amendment (Social Media Minimum Age) Bill, 2024, imposes an obligation on social media platforms to ensure that children under 16 years do not have accounts. India, in comparison, does not have specific laws like this but has provisions under the Digital Personal Data Protection Act, 2023.
4. What is the primary aim of the Ken-Betwa River Linking Project?
a) Generate employment opportunities in rural areas
b) Promote tourism in Madhya Pradesh
c) Address water issues in the Bundelkhand region
d) Create wildlife corridors in Central India
e) Improve connectivity between Uttar Pradesh and Madhya Pradesh
Answer: c) Address water issues in the Bundelkhand region
Explanation:
The Ken-Betwa River Linking Project aims to address water scarcity issues in the drought-prone Bundelkhand region. Additionally, it is designed to produce hydro and solar energy, though concerns about its environmental impact on Panna Tiger Reserve have been raised.
5. What does the Svamitva Scheme aim to achieve?
a) Increase agricultural productivity in rural areas
b) Digitize property records and provide property ownership solutions
c) Modernize infrastructure in Indian villages
d) Enhance connectivity in rural regions through digital technology
e) Promote cooperative farming practices in India
Answer: b) Digitize property records and provide property ownership solutions
Explanation:
The Svamitva Scheme, launched on National Panchayat Day in 2020, aims to survey villages and map properties using modern technology. It provides property owners in rural areas with property cards that serve as legal proof of ownership.
6. Which Indian wildlife species, endemic to the Western Ghats, is currently endangered due to increased human interaction?
a) Olive Ridley Turtle
b) Lion-Tailed Macaque
c) Irrawaddy Dolphin
d) Bengal Tiger
e) Nilgiri Tahr
Answer: b) Lion-Tailed Macaque
Explanation:
The Lion-Tailed Macaque, found exclusively in the Western Ghats of South India, faces critical threats due to habitat destruction and human activities. Conservation efforts are needed to protect this endangered species.
7. What is the fiscal deficit target set by the Indian government for FY26?
a) 5.0% of GDP
b) 4.5% of GDP
c) 4.0% of GDP
d) 3.5% of GDP
e) 6.0% of GDP
Answer: b) 4.5% of GDP
Explanation: The government has set a fiscal deficit target of 4.5% of GDP for FY26, focusing on improving spending quality and strengthening the social security net.
8. What percentage Customs duty has the steel ministry proposed for imported finished steel products in the Union Budget 2025-26?
a) 10%
b) 7.5%
c) 15%
d) 12%
e) 5%
Answer: c) 15%
Explanation: The steel ministry has recommended increasing the basic Customs duty on imported finished steel products from 7.5% to 15% to support domestic production.
9. What is the main objective of Multipurpose Primary Agriculture Credit Societies (M-PACS)?
a) Providing only loans to farmers
b) Building warehouses for agricultural produce
c) Offering a variety of services like manure distribution, Kisan Credit Cards, and low-cost loans
d) Managing irrigation systems across states
e) Promoting international trade for agricultural products
Answer: C) Offering a variety of services like manure distribution, Kisan Credit Cards, and low-cost loans
Explanation: M-PACS are multi-functional entities established to provide a range of services to farmers, including storage, distribution, and access to low-cost credit through schemes like the Kisan Credit Card.
10. Which demographic change is projected for India by 2050?
a) Population decline to 100 million
b) Increase in urban population only
c) Older population will rise from 153 million to 347 million
d) Youth population will double
e) No significant demographic changes expected
Answer: C) Older population will rise from 153 million to 347 million.
Explanation: As per UN projections, India’s older population is expected to grow significantly, from 153 million today to 347 million by 2050, reflecting slower growth and reduced fertility rates.
