Got Questions? We’ve Got Answers!
đź“š Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!
đź’ˇ Daily Current Affairs Quiz | Daily Quiz for UPSC
đź’ˇ Your Learning Partner Is Just a Click Away!
👉 Click here to Ask Your Question Now and get clear, reliable answers from experts.
Daily Current Affairs
28 January, 2025
Q1. Which of the following is a step India has taken to manage its trade deficit with China?
- Strengthening regional and maritime cooperation.
- Increasing reliance on Chinese imports.
- Reducing domestic production.
- Stopping trade with China entirely.
- Lowering tariffs on Chinese products.
Answer: 1. Strengthening regional and maritime cooperation.
Explanation: To address its trade deficit with China, India focuses on diversifying manufacturing, modernizing military infrastructure, and strengthening regional and maritime ties. Completely stopping trade or increasing reliance on imports would exacerbate the issue.
Q2. What does the Mansarovar Yatra symbolize in the context of India-China relations?
- Economic development.
- Cultural dialogue.
- Hydrological cooperation.
- Trade deficit management.
- Political competition.
Answer: 2. Cultural dialogue.
Explanation: The Mansarovar Yatra is a religious pilgrimage that fosters cultural dialogue between India and China, demonstrating improved relations despite challenges.
Q3. Why is the Uniform Civil Code (UCC) significant in Uttarakhand?
- It increases tax revenues for the state.
- It excludes all personal laws.
- It ensures uniform personal laws for residents.
- It focuses only on Scheduled Tribes.
- It centralizes governance for all Indian states.
Answer: 3. It ensures uniform personal laws for residents.
Explanation: The UCC in Uttarakhand aims to create uniformity in personal laws for all residents, excluding Scheduled Tribes and migrants.
Q4. What is the primary issue raised in the copyright case against OpenAI?
- Violation of human rights.
- Unauthorized content scraping for training AI models.
- Breach of trade secrets.
- Misuse of consumer data.
- Hacking into Indian news portals.
Answer: 2. Unauthorized content scraping for training AI models.
Explanation: The lawsuit focuses on OpenAI using Indian copyrighted content without authorization, raising concerns about intellectual property rights in AI development.
Q5. What is the purpose of RBI’s Open Market Operations (OMO)?
- Regulate credit card interest rates.
- Stabilize bond yields and manage liquidity.
- Increase foreign direct investments.
- Promote digital banking adoption.
- Manage peer-to-peer lending.
Answer: 2. Stabilize bond yields and manage liquidity.
Explanation: RBI uses OMOs to buy/sell government securities, thereby stabilizing bond yields, inflation, and addressing liquidity shortages or excesses.
Q6. What does PMJJBY stand for?
- Prime Minister’s Youth Benefit Yojana.
- Pradhan Mantri Jeevan Jyoti Bima Yojana.
- People’s Mutual Joint Benefit Yojana.
- Public Microfinance Joint Bank Yojana.
- Pension Maintenance and Justice Bill Yojana.
Answer: 2. Pradhan Mantri Jeevan Jyoti Bima Yojana.
Explanation: PMJJBY is a government scheme providing life insurance for individuals aged 18-50 with a â‚ą2 lakh coverage at a premium of â‚ą436 annually.
Q7. What is one major concern regarding Peer-to-Peer (P2P) lending platforms?
- Lack of digital security measures.
- Violations in escrow fund timelines.
- Declining popularity among lenders.
- High fees for small loans.
- Mandatory government oversight.
Answer: 2. Violations in escrow fund timelines.
Explanation: RBI noted issues with P2P platforms, including non-compliance with fund transparency guidelines and escrow fund timeline violations.
Q8. How has RBI addressed digital fraud risks?
- Banned third-party service providers.
- Strengthened oversight of service providers.
- Increased minimum balance requirements.
- Introduced mandatory two-factor authentication.
- Reduced digital banking usage.
Answer: 2. Strengthened oversight of service providers.
Explanation: RBI has emphasized improving cybersecurity, overseeing third-party providers, and enhancing customer awareness to reduce digital fraud risks.
Q9. What is the primary issue with homeopathic tinctures in India?
- Low alcohol content causing inefficiency.
- Limited availability in rural areas.
- Misuse due to lower taxes and high alcohol content.
- Over-regulation by both State and Union authorities.
- No proper marketing campaigns for awareness.
Answer: 3. Misuse due to lower taxes and high alcohol content.
Explanation: Homeopathic tinctures are misused as substitutes for alcoholic beverages due to their lower tax rates and high alcohol content, raising public health concerns.
Q10. What is the Marginal Cost of Funds-based Lending Rate (MCLR)?
- The maximum interest rate banks can charge.
- The minimum interest rate for loans based on borrowing costs.
- A tax levied on high-value loans.
- A penalty for defaulting on loans.
- A subsidy for loans given to farmers.
Answer: 2. The minimum interest rate for loans based on borrowing costs.
Explanation: MCLR is the lowest rate banks can lend money, calculated based on borrowing costs and operational expenses. It ensures transparency in lending rates.
