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The Current Affairs questions are based on sources like ‘The Hindu’, ‘Indian Express’ and ‘PIB’, which are very important sources for UPSC Prelims Exam. The questions are focused on both the concepts and facts. The topics covered here are generally different from what is being covered under ‘Daily Current Affairs/Daily News Analysis (DNA) and Daily Static Quiz’ to avoid duplication. The questions would be published from Monday to Saturday before 2 PM. One should not spend more than 10 minutes on this initiative.
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Consider the following statements about the Monetary Policy Committee (MPC)
How many of the statements given above are correct?
Solution (c)
Statement Analysis
Statement 1
Statement 2
Statement 3
correct
correct
correct
The RBI Governor indeed serves as the ex-officio chairperson of the MPC.
The MPC consists of six members: three appointed by the Central Government and three by the RBI.
The MPC is required to meet at least four times a year to review the economic situation and make decisions on monetary policy.
Context:The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to begin its meeting in Mumbai, with expectations of a potential rate cut amid efforts to boost consumption-led demand post the Union Budget.
Solution (c)
Statement Analysis
Statement 1
Statement 2
Statement 3
correct
correct
correct
The RBI Governor indeed serves as the ex-officio chairperson of the MPC.
The MPC consists of six members: three appointed by the Central Government and three by the RBI.
The MPC is required to meet at least four times a year to review the economic situation and make decisions on monetary policy.
Context:The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to begin its meeting in Mumbai, with expectations of a potential rate cut amid efforts to boost consumption-led demand post the Union Budget.
Consider the following statements about the NVS-02 navigation satellite
How many of the statements given above are correct?
Solution (c)
Statement Analysis
Statement 1 | Statement 2 | Statement 3 |
correct | correct | correct |
|
|
|
Context:The partial failure of the NVS-02 navigation satellite marks another setback for India’s indigenous Navigation with Indian Constellation (NavIC) system, highlighting challenges in maintaining a fully operational satellite navigation network.
Solution (c)
Statement Analysis
Statement 1 | Statement 2 | Statement 3 |
correct | correct | correct |
|
|
|
Context:The partial failure of the NVS-02 navigation satellite marks another setback for India’s indigenous Navigation with Indian Constellation (NavIC) system, highlighting challenges in maintaining a fully operational satellite navigation network.
Which of the following best describes “beggar-thy-neighbor” policies?
Option b |
Beggar-thy-neighbor” policies are characterized by actions taken by one country to improve its own economic situation, often by harming the economies of other countries. These policies typically involve protectionist measures like tariffs, quotas, or currency manipulation, which aim to boost domestic industries and exports while restricting imports. While such policies might offer short-term benefits to the initiating country, they often lead to retaliatory measures from other nations, ultimately harming global trade and economic stability. |
Context:The concept of beggar-thy-neighbour policies is in the news primarily due to the rise of protectionist measures by major economies.
Option b |
Beggar-thy-neighbor” policies are characterized by actions taken by one country to improve its own economic situation, often by harming the economies of other countries. These policies typically involve protectionist measures like tariffs, quotas, or currency manipulation, which aim to boost domestic industries and exports while restricting imports. While such policies might offer short-term benefits to the initiating country, they often lead to retaliatory measures from other nations, ultimately harming global trade and economic stability. |
Context:The concept of beggar-thy-neighbour policies is in the news primarily due to the rise of protectionist measures by major economies.
Consider the following statements about the Fort William
Choose the incorrect statements:
Solution (a)
Statement Analysis
Statement 1 | Statement 2 |
Incorrect | correct |
|
|
Context:Fort William, the historic British-era military fortification in Kolkata, has been renamed “Vijay Durg” as part of the Indian government’s efforts to shed colonial legacies and promote indigenous traditions.
Solution (a)
Statement Analysis
Statement 1 | Statement 2 |
Incorrect | correct |
|
|
Context:Fort William, the historic British-era military fortification in Kolkata, has been renamed “Vijay Durg” as part of the Indian government’s efforts to shed colonial legacies and promote indigenous traditions.
Consider the following statements about the Grameen Credit Score
Choose the correct statements:
Solution (a)
Statement Analysis
Statement 1 | Statement 2 |
correct | Incorrect |
|
|
Context:The Grameen Credit Score, introduced in the Union Budget 2025 by Finance Minister, aims to enhance financial inclusion for rural women entrepreneurs and Self-Help Groups (SHGs).
Solution (a)
Statement Analysis
Statement 1 | Statement 2 |
correct | Incorrect |
|
|
Context:The Grameen Credit Score, introduced in the Union Budget 2025 by Finance Minister, aims to enhance financial inclusion for rural women entrepreneurs and Self-Help Groups (SHGs).