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
29 January, 2025
1. Which country recently launched the DeepSeek AI model that became the most downloaded app on Apple Store?
A) USA
B) India
C) China
D) Japan
E) South Korea
Answer: C) China
Explanation: DeepSeek AI is a Chinese AI model developed by Liang Wenfeng’s company in Hangzhou, Zhejiang. It gained popularity and impacted tech stocks after becoming the top downloaded app on the Apple Store.
2. Which of the following is NOT a key focus area of BIMSTEC?
A) Counter-terrorism
B) Space exploration
C) Trade and connectivity
D) Sustainable development
E) Technology sharing
Answer: B) Space exploration
Explanation: BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) focuses on economic cooperation, security, trade, and technology sharing. Space exploration is not part of its primary agenda.
3. The ASER 2024 report highlighted post-COVID learning recovery in which areas?
A) Computer literacy and science education
B) Reading and arithmetic
C) Sports and extracurricular activities
D) Social studies and history
E) Digital infrastructure development
Answer: B) Reading and arithmetic
Explanation: The ASER 2024 report showed improvements in foundational literacy and numeracy but highlighted major gaps in higher classes, particularly in reading and arithmetic.
4. What is the primary objective of India’s NavIC satellite system?
A) Defense surveillance
B) High-speed internet
C) Navigation and positioning
D) Weather monitoring
E) Space tourism
Answer: C) Navigation and positioning
Explanation: The NavIC (Navigation with Indian Constellation) system is India’s satellite navigation initiative to improve positioning services for defense, transportation, and emergency response.
5. Which article of the Indian Constitution guarantees the Right to Education?
A) Article 19
B) Article 21A
C) Article 32
D) Article 44
E) Article 51
Answer: B) Article 21A
Explanation: Article 21A ensures free and compulsory education for children between 6 and 14 years under the Right to Education (RTE) Act, 2009.
6. What is the purpose of RBI’s USD-INR currency swap auction?
A) To boost export competitiveness
B) To increase forex reserves and manage liquidity
C) To reduce inflation
D) To improve the fiscal deficit
E) To regulate cryptocurrency
Answer: B) To increase forex reserves and manage liquidity
Explanation: The RBI conducts currency swap auctions to manage liquidity, stabilize the rupee, and strengthen forex reserves, thereby protecting against external financial shocks.
7. What is the minimum capital adequacy ratio required for NBFCs to become banks?
A) 5%
B) 7.5%
C) 10%
D) 12%
E) 15%
Answer: C) 10%
Explanation: According to RBI regulations, NBFCs seeking bank status must maintain a minimum capital adequacy ratio (CAR) of 10% and comply with stringent financial and regulatory criteria.
8. What is the primary difference between an NRO and NRE account for NRIs?
A) NRO accounts allow repatriation of funds, while NRE accounts do not
B) NRO accounts are used for holding Indian income, while NRE accounts are for foreign earnings
C) NRO accounts do not require RBI approval, while NRE accounts do
D) NRO accounts can hold foreign currency, while NRE accounts cannot
E) NRO accounts are tax-free, while NRE accounts are taxable
Answer: B) NRO accounts are used for holding Indian income, while NRE accounts are for foreign earnings
Explanation: An NRO (Non-Resident Ordinary) account is used for managing income earned in India, whereas an NRE (Non-Resident External) account holds foreign income, allowing tax-free repatriation.
9. What major change did RBI introduce regarding penal charges from January 1, 2024?
A) Penal charges are now subject to 18% GST
B) Banks can capitalize penal charges into loan interest
C) Penal charges replaced penal interest
D) Penal charges apply only to corporate borrowers
E) Penal charges are waived for low-income borrowers
Answer: C) Penal charges replaced penal interest
Explanation: RBI mandated that banks impose penal charges instead of penal interest, preventing excessive financial burden on borrowers. Additionally, these charges cannot be capitalized into interest rates.
10. Which of the following is NOT a key application of AI?
A) Healthcare
B) Judiciary
C) Cybersecurity
D) Spacecraft manufacturing
E) Text-to-speech conversion
Answer: D) Spacecraft manufacturing
Explanation: AI is extensively used in data analysis, language processing, and automation across sectors like healthcare, business, education, and cybersecurity. However, spacecraft manufacturing primarily relies on engineering innovations rather than AI-driven decision-making.
