Current Affairs & Finance Exams January 2025

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Questions and Answers

What step has the Reserve Bank of India (RBI) taken to ease the liquidity crunch in the banking system?

  • Introduced new ₹2000 banknotes
  • Increased CRR (Cash Reserve Ratio)
  • Announced bond purchases worth ₹600 billion in three tranches (correct)
  • Reduced the repo rate by 1%
  • Conducted a $10 billion USD/INR swap auction

What percentage of digital payments in India was accounted for by UPI in 2024?

  • 72%
  • 83% (correct)
  • 34%
  • 56%
  • 90%

What was India's total foreign exchange (forex) reserves as of January 17, 2025?

  • $568.765 billion
  • $500 billion
  • $623.983 billion
  • $704.885 billion (correct)
  • $533.133 billion

Which Indian state became the first to implement the Uniform Civil Code (UCC) post-independence?

<p>Uttarakhand (C)</p> Signup and view all the answers

Why did the USAID suspend funding to Bangladesh in 2024?

<p>Because of Donald Trump's 90-day foreign aid suspension policy (E)</p> Signup and view all the answers

DPIIT and JKEDI signed an MoU to strengthen the startup ecosystem in Jammu & Kashmir.

<p>True (A)</p> Signup and view all the answers

The India-Oman Double Taxation Avoidance Agreement (DTAA) was amended to simplify tax procedures and promote cross-border taxation cooperation.

<p>True (A)</p> Signup and view all the answers

The first International Pashmina Festival was held in a three-day event to promote Chyangra Pashmina, known for its high quality, softness, and warmth.

<p>True (A)</p> Signup and view all the answers

Tripura is the first northeastern state and eighth in India to adopt Bhashini to enhance digital inclusivity and citizen-centric governance.

<p>True (A)</p> Signup and view all the answers

What is India's ranking amongst G20 nations in individual digital adoption, as per the State of India's Digital Economy Report 2024?

<p>12th</p> Signup and view all the answers

What percentage of India's GDP is the digital economy projected to contribute by 2029-30?

<p>20%</p> Signup and view all the answers

As of January 8, 2024, how many biometric IDs has India given out?

<p>Over 1.3 billion</p> Signup and view all the answers

In 2023, what was the value of India's ICT services exports, making it the second highest in the world?

<p>USD 162 billion</p> Signup and view all the answers

As of April 2024, which country had the third largest number of homegrown unicorns, following the US and China?

<p>India</p> Signup and view all the answers

The first launch from the Satish Dhawan Space Centre (SDSC), Sriharikota was on August 10, 1979, carried the Rohini Technology Payload but was only partially successful.

<p>True (A)</p> Signup and view all the answers

Sriharikota was chosen for its ideal launch azimuth corridor, proximity to the equator, and large safety zone.

<p>True (A)</p> Signup and view all the answers

The PSLV-C37 (2017) set a record by launching 104 satellites in a single flight, later surpassed by SpaceX Falcon 9 (2021) with 143 satellites.

<p>True (A)</p> Signup and view all the answers

What is ISRO's headquarters located in?

<p>Bengaluru, Karnataka</p> Signup and view all the answers

The Indian Coast Guard (ICG) and Indonesia Coast Guard (BAKAMLA) renewed their MoU on Maritime Safety and Security Cooperation for another three years on January 27, 2025 in New Delhi.

<p>True (A)</p> Signup and view all the answers

The 2nd High-Level Meeting (HLM) was led by ICG Director General Paramesh Sivamani and BAKAMLA Chief Vice Admiral Irvansyah, with an eight-member Indonesian delegation visiting India.

<p>True (A)</p> Signup and view all the answers

Discussions focused on Maritime Search and Rescue, Pollution Response, and Maritime Law Enforcement, with emphasis on sharing best practices and professional exchanges.

<p>True (A)</p> Signup and view all the answers

ICG Ship Shaunak is on a deployment to Jakarta (January 27-30, 2025) to strengthen operational ties with BAKAMLA.

<p>True (A)</p> Signup and view all the answers

The renewed MoU reinforces the commitment of India and Indonesia to a secure and cooperative Indo-Pacific maritime environment.

<p>True (A)</p> Signup and view all the answers

PM Narendra Modi inaugurated the 38th National Games in Dehradun, Uttarakhand, coinciding with the state's 25th anniversary.

<p>True (A)</p> Signup and view all the answers

The event, themed 'Green Games', promotes eco-friendly practices, with medals made from e-waste and tree plantations for winners.

<p>True (A)</p> Signup and view all the answers

Khelo India initiatives were highlighted for fostering young athletes, along with recent Winter Games in Ladakh and Beach Games.

<p>True (A)</p> Signup and view all the answers

India's sports equipment industry, particularly Meerut's contribution, was emphasized for its economic impact and employment generation.

<p>True (A)</p> Signup and view all the answers

Declaring the National Games open, he emphasized unity through sports, encouraged athletes to explore India's culture, and called for a plastic-free Uttarakhand.

<p>True (A)</p> Signup and view all the answers

Monal (Mauli), the state bird of Uttarakhand and Himachal Pradesh, has been accepted as the mascot for the 38th National Games, being held in Uttarakhand in 2025.

<p>True (A)</p> Signup and view all the answers

Australia Women won the ICC Women's Championship 2022-25, securing 18 wins in 24 matches, topping the 10-nation tournament.

<p>True (A)</p> Signup and view all the answers

They dominated the 50-over format, winning 9 out of 10 games, showcasing consistent performances across the championship.

<p>True (A)</p> Signup and view all the answers

Alyssa Healy, Australian wicketkeeper-batter, expressed excitement over the victory and confidence for the upcoming Women's ODI World Cup 2025.

<p>True (A)</p> Signup and view all the answers

The 13th edition of the Women's ODI World Cup will be held in India (August-September 2025), where Australia will defend their title.

<p>True (A)</p> Signup and view all the answers

IDBI Bank's Board approved the re-appointment of Rakesh Sharma as MD & CEO for three years from March 19, 2025, following RBI's approval.

<p>True (A)</p> Signup and view all the answers

He has led IDBI Bank since October 2018 and previously served as MD & CEO of Canara Bank (2015-2018) before his retirement.

<p>True (A)</p> Signup and view all the answers

Flashcards

RBI Liquidity Measure

RBI conducted bond purchases worth ₹600 billion to ease liquidity crunch.

UPI Digital Payments Share

In 2024, UPI accounted for 83% of digital payments in India.

India's Forex Reserves

As of January 17, 2025, India's forex reserves were $623.983 billion.

Uniform Civil Code State

Himachal Pradesh was the first state to implement the UCC post-independence.

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USAID Funding Suspension

In 2024, USAID suspended funding to Bangladesh due to economic instability.

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MoU in Jammu & Kashmir

DPIIT and JKEDI signed MoU to enhance startup ecosystem in J&K.

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India-Oman Joint Commission

The 11th India-Oman JCM focused on trade and renewable energy enhancement.

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Pashmina Festival in Nepal

Kathmandu hosted the first Pashmina Festival to promote its native product.

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Tripura Bhashini MoU

Tripura signed MoU with Bhashini for multilingual governance.

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Digital Economy Growth

India's digital economy is projected to contribute 20% of GDP by 2029-30.

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ISRO's 100th Launch

ISRO prepares for its 100th launch of GSLV-F15 from Sriharikota.

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ICG-Indonesia MoU Renewal

ICG and Indonesian Coast Guard renewed their MoU for maritime safety.

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Utkarsh Odisha Conclave

Inaugurated by PM Modi, highlighting Odisha as an industrial hub.

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Central Government Appointments

Amrit Mohan Prasad appointed DG of BCAS for six months.

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IDBI Bank Leadership

Rakesh Sharma re-appointed as MD & CEO of IDBI Bank for three years.

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National Games 2025

38th National Games inaugurated by PM Modi in Dehradun.

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ICC Women's Championship Winner

Australia Women secured the 2022-25 championship title with 18 wins.

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Startup Ecosystem in J&K

Over 250 startups registered under JK Startup Policy since March 2024.

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Indo-Oman Economic Agreement

CEPA negotiations between India and Oman to boost trade relations.

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Chyangra Pashmina Quality

Chyangra Pashmina is known for its high quality and warmth.

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Multi-lingual Governance in Tripura

Bhashini aims to enhance governance in 22 Indian languages.

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Digital Economy Employment

Digital economy contributed 11.74% of India's GDP, employing 14.67 million workers.

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ISRO’s Historical Missions

Notable missions include Chandrayaan-1 and Mars Orbiter, among others.

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Maritime Cooperation Focus

MoU emphasizes pollution response and search & rescue operations.

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Investment Hub in Odisha

Odisha recognized for potential in sectors like IT, tourism, and green energy.

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Leadership in Sports Equipment

Meerut’s contribution highlighted during National Games inauguration.

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Women's ODI World Cup 2025

Australia aims to defend title in the upcoming Women's ODI World Cup in India.

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Expansion of JK Startup Policy

The JK Startup Policy encourages youth innovation and business growth.

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International Digital Adoption Rank

India ranks 12th among G20 nations in individual digital adoption.

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Sustainable Practices in National Games

Medals made from e-waste reflect eco-friendly approach at games.

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Joint Maritime Exercises

ICG conducts joint exercises to enhance operational ties with Indonesia.

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Study Notes

Current Affairs & Financial Awareness for Exams (29th January 2025)

  •  Comprehensive coverage of current affairs and financial awareness for regulatory and banking exams.
  • Publication featured exclusive compilation of general awareness for government exams like RBI, SEBI, NABARD, PFRDA, and Bank PO.

RBI, Banking, and Economy

  •  Reserve Bank of India (RBI) steps to ease liquidity crunch in banking system, including swap auctions and bond purchases.
  •  Details of the financial measures taken by RBI.
  •  Specific figures for amounts involved in the measures.
  •  Important dates associated with these measures.

Digital Payments

  •  Percentage of digital payments in India accounted for by UPI in 2024.
  •  Specific data points (e.g., percentages).

Foreign Exchange Reserves

  •  India's total foreign exchange reserves for a specific date/period (e.g., January 17, 2025).
  •  Exact figure for the reserves (in billions of USD or other currency).

Uniform Civil Code (UCC) Implementation

  •  Specific Indian state that implemented the UCC first.
  •  State's name in the list.

USAID Funding Suspension to Bangladesh

  •  Reason for USAID's funding suspension to Bangladesh in 2024, citing possible compliance issues, or other reasons.

DPIIT and JKEDI MoU

  •  DPIIT and JKEDI signed an MoU to strengthen startup ecosystem in Jammu & Kashmir.
  •  Focus on mentorship, funding, and market linkages in the startup sector.
  •  New startup registrations in the region since the policy launch.
  •  Awareness programs conducted by JKEDI.
  •  Objective of collaborations for infrastructure and international expansion.

India-Oman Joint Commission Meeting

  •  Union Minister Piyush Goyal visited Oman in January 2025 for a Joint Commission Meeting.
  •  Discussion topics focused on trade, investment, food security, and renewable energy.
  •  Initiative for accelerating India-Oman Comprehensive Economic Partnership Agreement.

First-Ever Pashmina Festival in Kathmandu

  •  Nepal hosted its first International Pashmina Festival in Kathmandu for three days.
  •  Importance of Pashmina, quality, and warmth.
  •  Highlight of Nepali Pashmina's dominance globally and markets.

Tripura and Multi-lingual Governance

  •  Tripura signed an MoU to promote regional languages in governance and digital participation.
  •  Use of AI and NLP in enabling multilingual support.
  •  Collaboration to bridge the digital and literacy divide and enhance accessibility to government services.

State of India's Digital Economy

  •  Rank amongst G20 nations for India for digital adoption.
  •  Highlights of India's digital economy's growth.
  •  Role of the digital economy in contributing to the overall GDP.
  •  Analysis of the trend in employment opportunities.

Science and Technology

  •  Details of ISRO's 100th launch from Sriharikota.
  •  Details of crucial missions like Chandrayaan, Mars Orbiter, and Aditya-L1.

Indian Coast Guard (ICG) and Indonesian Coast Guard Collaboration

  •  Renewal of MoU between ICG and Indonesian Coast Guard for cooperation on maritime safety and security.
  •  Focus areas of the collaboration.

Utkarsh Odisha Make in Odisha Conclave 2025

  •  PM Modi inaugurated the Utkarsh Odisha Conclave highlighting Odisha's role as an industrial hub.
  •  Strategic location and investment potential in Odisha.
  •  Highlights of Odisha's growing industrial and economic sectors.
  •  Emphasis on emerging economic sectors like green energy and tourism.

IDBI Bank

  •  Details of the re-appointment of Rakesh Sharma as MD and CEO of IDBI Bank for another three years.

38th National Games

  •  Narendra Modi inaugurated the 38th National Games in Dehradun.
  •  Initiatives like eco-friendly practices for the games.
  •  Mascot details for the games.
  •  Support for the sports equipment industry.
  •  Success of Australian Women Championship.

Sources of Information

  •  Specific news agencies, publications, and government sources are mentioned.

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