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Daily Current Affairs
25 February, 2025
1. What is the key focus of the Ukraine-U.S. mineral agreement?
A) U.S. military base in Ukraine
B) Ukraine supplying weapons to the U.S.
C) U.S. gaining access to Ukraine’s natural resources
D) NATO expansion in Eastern Europe
E) Establishing a joint security force
Answer: C) U.S. gaining access to Ukraine’s natural resources
Explanation: The agreement allows the U.S. access to Ukraine’s natural resources in exchange for security guarantees and wartime support. Former President Trump has insisted on mineral access for any U.S. aid.
2. Who is expected to be Germany’s next Chancellor, shifting policies toward conservative governance?
A) Olaf Scholz
B) Friedrich Merz
C) Angela Merkel
D) Markus Söder
E) Armin Laschet
Answer: B) Friedrich Merz
Explanation: Friedrich Merz, a leader of the CDU, is expected to shift Germany’s policies towards conservative governance, focusing on tax cuts, stricter fiscal discipline, and tougher immigration policies.
3. What is the primary concern about the U.S. stock market as per recent trends?
A) Rising influence of the energy sector
B) Overreliance on technology giants
C) Declining corporate profits
D) Complete withdrawal of foreign investments
E) Deflationary pressure on consumer goods
Answer: B) Overreliance on technology giants
Explanation: The U.S. stock market exhibits bubble-like trends due to high valuations and dependence on tech giants. While AI investments are growing, their long-term sustainability is uncertain.
4. Which agreement is India prioritizing in the ongoing trade negotiations with the U.K.?
A) Bilateral Investment Treaty (BIT)
B) Free Trade Agreement (FTA)
C) Digital Taxation Agreement
D) Social Security Agreement (SSA)
E) Intellectual Property Rights Treaty
Answer: D) Social Security Agreement (SSA)
Explanation: India prioritizes the SSA, which deals with social security benefits for Indian professionals in the U.K., while the U.K. is focusing more on the Bilateral Investment Treaty (BIT).
5. Why has the Right to Information (RTI) Act in India weakened?
A) Increased public participation in governance
B) Enhanced transparency initiatives by the government
C) Bureaucratic resistance and slow information commissions
D) Strict penalties for non-compliance
E) Removal of exemptions in classified government data
Answer: C) Bureaucratic resistance and slow information commissions
Explanation: The RTI Act has weakened due to bureaucratic resistance, delayed responses by information commissions, weak penalties, and new digital laws restricting access to public data.
6. What is a major criticism of India’s frequent internet shutdowns?
A) They are primarily used to prevent cyberattacks
B) They disrupt essential services and democratic rights
C) They only affect small, rural communities
D) They have significantly reduced crime rates
E) They are limited to a few states with ongoing conflicts
Answer: B) They disrupt essential services and democratic rights
Explanation: India imposed 84 internet shutdowns in 2024, mainly during protests, communal violence, and exams. Critics argue they excessively restrict communication and fundamental rights.
7. When does India plan to start trading in carbon credits under its new carbon trading scheme?
A) 2024
B) 2025
C) 2026
D) 2027
E) 2028
Answer: C) 2026
Explanation: India’s carbon trading market will launch in phases, with emission intensity targets set by February 2025 and trading in carbon credits beginning by October 2026.
8. How will RBI’s ban on prepayment penalties affect Non-Banking Financial Companies (NBFCs)?
A) NBFCs will increase focus on low-interest loans
B) It will have no impact on NBFCs
C) NBFCs may shift to high-yield loans or raise interest rates
D) NBFCs will be able to offer unlimited loans
E) RBI will compensate NBFCs for their losses
Answer: C) NBFCs may shift to high-yield loans or raise interest rates
Explanation: The RBI’s proposal to ban prepayment penalties on small business and retail loans will increase competition, forcing NBFCs to adapt by shifting loan strategies or raising interest rates.
9. What major development has occurred in India’s digital currency space?
A) RBI has banned all digital rupee transactions
B) The e-Rupee wallet is launched by CRED & MobiKwik
C) The government has replaced UPI with digital rupee transactions
D) Cryptocurrency exchanges are integrating with RBI’s digital rupee
E) Digital rupee transactions are limited to government agencies
Answer: B) The e-Rupee wallet is launched by CRED & MobiKwik
Explanation: Fintech companies CRED and MobiKwik, in partnership with Yes Bank, have introduced e-Rupee wallets to boost digital rupee adoption, with 5 million users and 420,000 merchants onboard.
10. Which countries are at high risk of U.S. trade retaliation under a potential Trump administration?
A) China, Russia, and Canada
B) India, South Korea, and Thailand
C) Brazil, Argentina, and Mexico
D) Germany, France, and Italy
E) Australia, Japan, and the Philippines
Answer: B) India, South Korea, and Thailand
Explanation: The S&P Global report highlights India, South Korea, and Thailand as high-risk countries for U.S. trade retaliation under Trump, mainly through tariff increases.
