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Daily-mcqs 08 Feb 2025

Current Affairs MCQs for UPSC & State PSC Exams 08 Feb 2025

Current Affairs MCQs for UPSC & State PSC Exams

Q1:

Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)?

It decides the RBI's benchmark interest rates.

It is a 12-member body including the Governor of RBI and is reconstituted every year.

It functions under the chairmanship of the Union Finance Minister.

Select the correct answer using the code given below :

A: Only 1

B: Only 1 and 2

C: Only 3

D: 2 and 3 only

Show

Answer: A

Explanation:

First statement is correct. The MPC is responsible for setting the benchmark interest rates (repo rate) to achieve the inflation target set by the Government of India.

Senond statement is incorrect. The MPC consists of only six members: three RBI officials and three external members nominated by the Government of India. The RBI Governor is the ex-officio Chairperson, and the committee is not reconstituted every year.

Third statement is incorrect. The MPC functions under the chairmanship of the RBI Governor, not the Union Finance Minister.

Q2:

Which of the following statements is/are correct regarding the Pension Policy for Gig Workers in India?

1.   The pension contributions will be linked to gig workers’ earnings from multiple platforms.

2.   The policy will function through the e-Shram portal, with each gig worker being assigned a Universal Account Number (UAN).

3.   Gig workers will be entitled to pension contributions only from a single employer platform.

4.   The pension contribution structure will be standardized, similar to the GST system, with both the worker and employer sharing the contributions.

Select the correct answer using the code given below:

A: 1 and 2 only

B: 1, 3, and 4 only

C: 2 and 4 only

D: 1, 2, and 4 only

Show

Answer: D

Explanation:

Statement 1 is correct. The pension contributions will be linked to the earnings of gig workers across multiple platforms.

Statement 2 is correct. The e-Shram portal will be used for tracking gig workers, and each worker will be assigned a Universal Account Number (UAN).

Statement 3 is incorrect. Gig workers will receive pension contributions from multiple platforms, not just a single employer platform.

Statement 4 is correct. The pension contribution system will be standardized, where both the worker and the employer share the contributions, similar to the GST structure.

Q3:

Which of the following is the most likely implication of the U.S. President’s memorandum to modify or rescind sanctions waivers related to Chabahar Port?

1.   India may lose access to a key trade route, resulting in increased dependence on Pakistan for trade with Afghanistan and Central Asia.

2.   India’s diplomatic relations with the U.S. may become more strained, given the continued partnership with Iran over Chabahar, which contradicts U.S. sanctions.

3.   Afghanistan’s trade and economic stability could significantly improve, as the port will be fully under U.S. sanctions, boosting its own domestic economy.

4.   India might strengthen its ties with regional powers like China and Russia.

Select the correct answer using the code given below:

A: 1 and 2 only

B: 2 and 3 only

C: 1, 2, and 4 only

D: 2 and 4 only

Show

Answer: C

Explanation:

Statement 1 is correct. If Chabahar Port access is lost, India will be dependent on Pakistan for trade with Afghanistan and Central Asia, as Chabahar serves as an alternative route.

Statement 2 is correct. India’s continued involvement in Chabahar may strain its relations with the U.S. due to the ongoing conflict with U.S. sanctions on Iran.

Statement 3 is incorrect. The sanctions on Chabahar Port could hurt Afghanistan’s trade and economic stability, as it relies on India’s access to the port for growth.

Statement 4 is correct. If India loses access to Chabahar, it may seek to strengthen its ties with other regional powers like China and Russia while leveraging multilateral platforms like BRICS and the SCO to mitigate the loss.

Q4:

What is the primary characteristic of a Marine Heatwave (MHW)?

A: A sudden drop in sea surface temperature

B: A rise in sea surface temperature of 1-2°C above average

C: A rise in sea surface temperature of 3-4°C above average for at least five consecutive days

D: A change in ocean currents

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Answer: C

Explanation:

Marine heatwaves are defined as periods of abnormally high sea surface temperatures, typically 3-4°C above average, lasting for at least five consecutive days.

Q5:

Consider the following statements with respect to Chabahar Port:

1.   It is the 3^rd port of Iran with direct access to the ocean.

2.   The port is strategically important for India as it will help to boost ties with Central Asian countries.

3.   It is located in the Gulf of Oman.

Which of the statements given above is/are correct?

A: 1 and 3 only

B: 1 and 2 only

C: 2 and 3 only

D: 1, 2 and 3

Show

Answer: C

Explanation:

Statement 1 is incorrect. Chabahar is the only Iranian port with direct access to the ocean, unlike other Iranian ports which are located in the Persian Gulf and not in ocean.

Statement 2 is correct. Chabahar is strategically important for India as it provides an alternative trade route to bypass Pakistan, enhancing India's connectivity with Afghanistan and Central Asia.