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Daily-mcqs 09 Jan 2025

Current Affairs MCQs for UPSC & State PSC Exams 09 Jan 2025

Current Affairs MCQs for UPSC & State PSC Exams

Q1:

Assertion: A Fugitive Economic Offender (FEO) is an individual who has committed an economic crime involving ₹100 crore or more and has fled the country to evade legal action.
Reason: The Fugitive Economic Offenders Act, 2018 enables the authorities to confiscate the assets of individuals involved in economic crimes that exceed ₹100 crore.

Which of the following is the most appropriate option?

A: Both assertion and reason are true, and the reason is the correct explanation for the assertion.

B: Both assertion and reason are true, but the reason is not the correct explanation for the assertion.

C: The assertion is true, but the reason is false.

D: The assertion is false, but the reason is true.

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Answer: B

Explanation:

The Fugitive Economic Offenders Act, 2018 specifically targets individuals who commit economic crimes involving ₹100 crore or more and have fled the country to avoid prosecution. The law allows authorities to confiscate the assets of these individuals. Hence, both assertion and reason are true, and the reason does not explain the assertion.

Q2:

What is the primary goal of the climate justice approach to sustainability?

A: To focus solely on reducing carbon emissions globally

B: To balance environmental sustainability with social equity

C: To focus on adaptation strategies for developed nations

D: To address the technological needs of industrialized nations

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Answer: B

Explanation:

Climate justice emphasizes the need for environmental sustainability while addressing social equity, particularly in the context of climate change impacts, which disproportionately affect developing nations.

Q3:

Consider the following statements regarding India’s GDP growth forecast for FY25:

1.     India’s nominal GDP for FY25 is projected to reach Rs 324 lakh crores, reflecting a growth of 9.7% compared to FY24.

2.     Private consumption (PFCE) is expected to contribute around 60% to India’s GDP, but its growth rate since FY20 has been higher than the historical average of 7%.

3.     Government final consumption expenditure (GFCE) is expected to grow by 4.2% in FY25.

4.     Net exports (NX) have historically contributed positively to India's GDP growth, with the gap between imports and exports continuing to widen in recent years.

Which of the statements given above is/are correct?

A: 1 and 3 only

B: 1, 3, and 4 only

C: 2 and 4 only

D: 1 and 2 only

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Answer: A

Explanation:

Statement 1 is correct: India's nominal GDP for FY25 is projected to be Rs 324 lakh crores, reflecting a growth of 9.7% compared to FY24.

Statement 2 is incorrect: Private consumption growth has been low, growing at just 4.8% since FY20, much lower than the historical average growth rate of 7%.

Statement 3 is correct: Government final consumption expenditure (GFCE) is expected to grow by 4.2% in FY25, signaling limited fiscal stimulus despite efforts to boost the economy.

Statement 4 is incorrect: While India traditionally imports more than it exports, the gap between imports and exports has narrowed in recent years, not widened.

Q4:

Consider the following statements regarding India-Malaysia relations:

1.     Diplomatic relations between India and Malaysia were established in 1957.

2.     Malaysia is India’s 16th largest trading partner, with bilateral trade reaching $20.01 billion in FY 2023-24.

3.     The Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA) has minimal impacted the economic ties between two nation.

4.     Malaysia supplies a significant portion of India's palm oil imports, amounting to three million metric tonnes annually.

Which of the statements given above is/are correct?

A: 1, 2, and 4 only

B: 1, 3, and 4 only

C: 2, 3, and 4 only

D: 1, 2, 3, and 4

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Answer: A

Explanation:

Statement 1 is correct: Diplomatic relations between India and Malaysia were established in 1957, marking the beginning of formal ties.

Statement 2 is correct: As of FY 2023-24, Malaysia is India’s 16th largest trading partner, with bilateral trade reaching $20.01 billion.

Statement 3 is incorrect: The Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA) has contributed significantly to strengthening economic ties.

Statement 4 is correct: Malaysia is a major supplier of palm oil to India, providing about three million metric tonnes annually, which is crucial for India’s edible oil consumption.

Q5:

Which of the following is the most likely consequence of climate change on the global water cycle as per the 2024 Global Water Monitor Report?

A: Decreased rainfall in already wet regions

B: Increased frequency of extreme weather events

C: Decline in water-related disasters

D: Reduction in global water storage

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Answer: B

Explanation:

The 2024 Global Water Monitor Report highlights the increased frequency of extreme weather events like floods and droughts as a result of climate change disrupting the water cycle.