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Daily-mcqs 15 Nov 2024

Current Affairs MCQs for UPSC & State PSC Exams 15 Nov 2024

Current Affairs MCQs for UPSC & State PSC Exams

Q1:

Consider the following statements about Haiti:

1.    Haiti is country in island of Hispaniola, which it shares with the Dominican Republic.

2.    The capital and largest city of Haiti is Port-au-Prince.

3.    Haiti got its independence in 1804.

How many of the above statements are correct?

A: Only 1

B: Only 2

C: All three

D: None

Show

Answer: C

Explanation:

Statement 1: Correct. Haiti occupies the western three-eighths of the island of Hispaniola, which it shares with the Dominican Republic.

Statement 2: Correct. Port-au-Prince is indeed the capital and largest city of Haiti, with a population of approximately 1.2 million people

Statement 3: Correct. Haiti got its independence in 1804 by a Haitian Revolution (1791–1804).

Q2:

Consider the following statements regarding the RBI's newly introduced framework for reclassification of FPI to FDI:

1.    The new framework allows FPIs that exceed the 10% limit in an Indian company to reclassify the excess holdings into Foreign Direct Investment (FDI), subject to approval from both the Indian government and the invested company.

2.    The reclassification process must be completed within 10 trading days from the date the 10% cap is breached.

3.    Sectors with restrictions on Foreign Direct Investment, such as defense and telecommunications, are eligible for reclassification under the new framework.

How many of the above statements are correct?

A: Only 1

B: Only 2

C: Only 3

D: None

Show

Answer: A

Explanation:

Statement 1: Correct. The RBI’s framework allows FPIs to reclassify their excess stake as FDI, but the reclassification requires approval from both the Indian government and the invested company.

Statement 2: Incorrect. The reclassification process must be completed within five trading days, not 10, from when the 10% cap is breached.

Statement 3: Incorrect. Reclassification is not permitted in sectors with restrictions on FDI, such as defense and telecommunications, to ensure alignment with India’s FDI policy.

Q3:

Consider the following statements about India’s renewable energy growth from October 2023 to October 2024:

1.    India's total installed renewable energy capacity increased by 24.2 GW (13.5%), from 178.98 GW in October 2023 to 203.18 GW in October 2024.

2.    The solar power sector saw an increase of 20.1 GW (27.9%) in installed capacity, reaching 92.12 GW in October 2024.

3.    The National Green Hydrogen Mission aims to boost India’s hydrogen energy capacity to reduce reliance on fossil fuels.

How many of the above statements are correct?

A: Only 1

B: Only 2

C: Only 3

D: None

Show

Answer: C

Explanation:

Statement 1: Correct. India’s total renewable energy capacity increased by 24.2 GW (13.5%), from 178.98 GW in October 2023 to 203.18 GW in October 2024.

Statement 2: Correct. The solar power sector grew by 20.1 GW (27.9%), reaching 92.12 GW by October 2024.

Statement 3: correct. The National Green Hydrogen Mission focuses on promoting hydrogen as a clean fuel.

Q4:

Consider the following statements about the Reserve Bank of India's (RBI) Domestic Systemically Important Banks (D-SIBs) list for 2024:

1.    State Bank of India (SBI), HDFC Bank, and ICICI Bank have been retained as Domestic Systemically Important Banks (D-SIBs) by the RBI for 2024.

2.    D-SIBs are required to maintain higher capital buffers to withstand financial shocks and reduce the risk to the broader economy.

3.    Starting April 2025, ICICI Bank will be required to increase its Common Equity Tier 1 (CET1) capital by 20 basis points (bps), bringing its CET1 requirement from 60% to 80% of the capital conservation buffer.

How many of the above statements are correct?

A: Only 1

B: Only 2

C: Only 3

D: None

Show

Answer: B

Explanation:

Statement 1: Correct. SBI, HDFC Bank, and ICICI Bank have indeed been retained as Domestic Systemically Important Banks (D-SIBs) for 2024.

Statement 2: Correct. D-SIBs must maintain larger capital buffers to be resilient against financial stress, ensuring they don’t cause a financial crisis if they fail.

Statement 3: Incorrect. ICICI Bank’s CET1 capital requirement will remain at 20%, with no increase to 80%.

Q5:

Consider the following statements about India’s "Adaptive Defence" strategy introduced in November 2024:

1. The "Adaptive Defence" strategy emphasizes proactive defense, focusing on preparing for potential threats before they materialize rather than reacting to past events.

2. The strategy incorporates technologies like Artificial Intelligence (AI), quantum computing, and drones to enhance operational capabilities, decision-making, and precision in combat.

Which of the above statements are correct?

A: Only 1

B: Only 2

C: Both

D: None

Show

Answer: C

Explanation:

Statement 1: Correct. The "Adaptive Defence" strategy emphasizes proactive defense, focusing on preparing for potential threats before they materialize, rather than simply reacting to past events.

Statement 2: Correct. The strategy integrates cutting-edge technologies such as AI, quantum computing, and drones to enhance operational capabilities, surveillance, and decision-making.