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Daily-mcqs 09 Dec 2024

Current Affairs MCQs for UPSC & State PSC Exams 09 Dec 2024

Current Affairs MCQs for UPSC & State PSC Exams

Q1:

Consider the following statements regarding the recent RBI monetary policy:

1.    The Reserve Bank of India (RBI) has recently raised the repo rate to 6.5% in its December 2024 policy meeting.

2.    The RBI reduced the Cash Reserve Ratio (CRR) by 50 basis points (bps) from 4.5% to 4% to boost liquidity in the banking system.

3.    The RBI's primary focus in its monetary policy is to manage inflation while supporting economic growth.

How many of the above statements are incorrect?

A: Only 1

B: Only 2

C: All three

D: None

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Answer: A

Explanation:

Statement 1: Incorrect. The RBI did not raise the repo rate; it kept it unchanged at 6.5% in its December 2024 meeting.

Statement 2: Correct. The RBI reduced the Cash Reserve Ratio (CRR) by 50 basis points, from 4.5% to 4%, to increase liquidity in the banking system.

Statement 3: Correct. The RBI's monetary policy focuses on managing inflation while ensuring support for economic growth, balancing both objectives.

Q2:

Consider the following statements related to the RBI’s decision on FCNR(B) deposits:

1.    The RBI raised the interest rate ceiling for FCNR(B) deposits in order to make them more attractive to NRIs.

2.    The new ceiling for FCNR(B) deposits with a maturity between 1 year and less than 3 years is Overnight ARR + 400 bps.

3.    The interest rate ceiling adjustment will remain in effect until March 31, 2024.

How many of the above statements are correct?

A: Only 1

B: Only 2

C: All three

D: None

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Answer: B

Explanation:

Statement 1 is correct. The RBI raised the interest rate ceilings to attract more NRI investments.

Statement 2 is correct. The ceiling for deposits with a maturity of 1 year to less than 3 years has been raised to Overnight ARR + 400 bps.

Statement 3 is incorrect. The adjustment will remain in effect until March 31, 2025, not 2024.

Q3:

What is the primary language spoken by the Nicobarese people?

A: Dravidian

B: Indo-Aryan

C: Austroasiatic

D: Tibeto-Burman

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Answer: C

Explanation:

The Nicobarese speak the Nicobarese language, which is part of the Austroasiatic language family.

Q4:

Consider the following statements:

1.    India has chair the 68th session of the Commission on Narcotic Drugs (CND) for the first time in history.

2.    The CND is the principal policy-making body of the United Nations addressing drug-related issues and monitors global drug trends.

3.    The Commission on Narcotic Drugs was established in 1946

Which of the above statements are correct?

A: Only 1

B: Only 1 and 3

C: Only 2

D: All of the above

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Answer: D

Explanation:

Statement 1: Correct. India is chairing the 68th session of the Commission on Narcotic Drugs (CND) for the first time.

Statement 2: Correct. The CND is indeed the principal policy-making body of the United Nations on drug-related issues and monitors global drug trends.

Statement 3: Correct. The Commission on Narcotic Drugs was established in 1946 as a functional Commission of the UN Economic and Social Council (ECOSOC).

Q5:

Consider the following statements:

1.    Michelle Bachelet, former President of Chile, has been awarded the Indira Gandhi Prize for Peace, Disarmament, and Development for 2024.

2.    Bachelet is known for her work as the founding director of UN Women, UN High Commissioner for Human Rights, and for her presidency of Chile.

3.    The announcement of her award was made by the United Nations.

Which of the above statements are correct?

A: Only 1 and 3

B: Only 2

C: Only 1, 2

D: All of the above

Show

Answer: C

Explanation:

Statement 1: Correct. Michelle Bachelet has been awarded the Indira Gandhi Prize for Peace, Disarmament, and Development for 2024.

Statement 2: Correct. Bachelet has held pivotal roles such as the founding director of UN Women, UN High Commissioner for Human Rights, and President of Chile.