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Questions and Answers
What is the targeted fiscal deficit as a percentage of GDP for FY25?
What is the targeted fiscal deficit as a percentage of GDP for FY25?
Which organization signed a loan agreement of $500 million to support green infrastructure projects in India?
Which organization signed a loan agreement of $500 million to support green infrastructure projects in India?
What has been the annual income threshold limit for EWS admissions to private schools enhanced to?
What has been the annual income threshold limit for EWS admissions to private schools enhanced to?
Which policy has been eliminated for classes 5 and 8 under the Central Government's control?
Which policy has been eliminated for classes 5 and 8 under the Central Government's control?
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What is the theme of the 2025 Republic Day Tableaux?
What is the theme of the 2025 Republic Day Tableaux?
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How much investment has the EFTA bloc committed to India over the next 15 years?
How much investment has the EFTA bloc committed to India over the next 15 years?
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What is the expected outcome of the EFTA's investment in India?
What is the expected outcome of the EFTA's investment in India?
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Which entity will receive the $500 million loan extended under the agreement with the ADB?
Which entity will receive the $500 million loan extended under the agreement with the ADB?
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What significant achievement did the village of Masali in Gujarat accomplish?
What significant achievement did the village of Masali in Gujarat accomplish?
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What is the target number of electric vehicles Lohia Auto aims to manufacture and sell by 2027 under the brand 'Youdha'?
What is the target number of electric vehicles Lohia Auto aims to manufacture and sell by 2027 under the brand 'Youdha'?
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Which international event is scheduled to be held in Davos, Switzerland in January 2025?
Which international event is scheduled to be held in Davos, Switzerland in January 2025?
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What was the Reserve Bank of India's (RBI) expenditure to defend the rupee in October 2024?
What was the Reserve Bank of India's (RBI) expenditure to defend the rupee in October 2024?
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Who has been appointed as the new chairperson of the National Human Rights Commission (NHRC)?
Who has been appointed as the new chairperson of the National Human Rights Commission (NHRC)?
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Which Indian initiative aims to provide rooftop solar installations to domestic households?
Which Indian initiative aims to provide rooftop solar installations to domestic households?
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When is Good Governance Day observed?
When is Good Governance Day observed?
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What is the expected achievement of India related to its space program in 2025?
What is the expected achievement of India related to its space program in 2025?
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What is the primary material used in India's first National Highway constructed for the Nagpur-Mansar Bypass project?
What is the primary material used in India's first National Highway constructed for the Nagpur-Mansar Bypass project?
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Which state's grants released by the Central Government amount to 1,598 crore rupees?
Which state's grants released by the Central Government amount to 1,598 crore rupees?
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Who ranked 28 overall on Forbes' 21st annual list of the World's 100 Most Powerful Women in 2024?
Who ranked 28 overall on Forbes' 21st annual list of the World's 100 Most Powerful Women in 2024?
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What is the theme of the 7th edition of the Youth Co:Lab National Innovation Challenge for 2024-2025?
What is the theme of the 7th edition of the Youth Co:Lab National Innovation Challenge for 2024-2025?
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What is the estimated cost of the Ken-Betwa river linking national project?
What is the estimated cost of the Ken-Betwa river linking national project?
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Which company is mentioned among the top 50 companies with Great Managers in 2024?
Which company is mentioned among the top 50 companies with Great Managers in 2024?
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Who received the Sri Chandrasekarendra Saraswathi Award for Leadership in 2024?
Who received the Sri Chandrasekarendra Saraswathi Award for Leadership in 2024?
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What is the title of the book launched by Attorney General R.Venkataramani?
What is the title of the book launched by Attorney General R.Venkataramani?
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Study Notes
Fiscal Deficit Reduction
- Central government aims to reduce fiscal deficit to below 4.5% of GDP by FY26, continuing FY22 budget's fiscal consolidation.
- FY25 Fiscal Deficit target is 5.9% of GDP (3% in terms of GDP).
Green and Sustainable Infrastructure
- Government of India (GoI) and Asian Development Bank (ADB) signed a $500 million loan agreement to support green and sustainable infrastructure projects, aligned with India's climate commitments.
- Loan will be provided to the India Infrastructure Finance Company Limited (IIFCL).
Republic Day 2025 Theme
- 2025 Republic Day Tableaux theme is "Swarnim Bharat: Virasat aur Vikas" (Golden India: Heritage and Progress).
- Highlights the nation's rich heritage and forward-looking development.
Port Authority Investment
- Jawaharlal Nehru Port Authority proposed a Rs 20,000 crore investment for the development of the Vadhvan Port and the surrounding ecosystem.
Income Threshold for Admissions
- Lieutenant Governor VK Saxena approved increasing the income threshold for economically weaker sections (EWS) and disadvantaged groups to ₹5 lakh for school admission.
No Detention Policy
- Central Government has eliminated the "no detention policy" for classes 5 and 8, allowing failing students to be retained in the same grade.
- This removes a provision under the Right to Education (RTE) Act, 2009.
Transportation Costs for Farmers
- Union Agriculture Minister Shivraj Singh Chouhan announced a plan to develop a scheme to reduce transportation costs for farmers by the central government.
Trade and Economic Partnership Agreement (TEPA)
- India and the European Free Trade Association (EFTA) signed the TEPA in March 2024 to boost trade and investment.
- EFTA has committed to invest $100 billion in India over 15 years, creating 1 million jobs.
US Visit by External Affairs Minister
- External Affairs Minister S. Jaishankar will visit the United States from December 24-29, 2024, marking the first high-level visit from India after Donald Trump's US presidential election win.
Border Solar Village in Gujarat
- Masali, a village in Banaskantha district, Gujarat, has become India's first "border solar village".
- Solar rooftop installations have been completed in all 199 houses under the Pradhan Mantri Surya scheme.
GST Registration for Businesses
- Small businesses may receive GST registrations within 3 working days.
Electric Vehicle Launch
- Lohia Auto launched the 'Youdha' electric vehicle brand.
- They aim to manufacture and sell 3 lakh electric vehicles by 2027.
International Electoral Award
- Santosh Ajmera, an Indian Information Service officer, won an international Electoral award for effectively engaging citizens during India's general elections.
National Human Rights Commission (NHRC)
- Former Supreme Court judge V. Ramasubramanian was appointed as the new chairperson of the NHRC.
Auto Industry Mergers
- Honda Motor Company, Nissan Motor, and Mitsubishi Motors announced plans to merge. Aiming to create a third-largest global auto group.
Orbital Launch
- India is expected to complete its first orbital launch by 2025.
- Skyroot and Agnikul are leading the way for sub-orbital launches.
Space Research Organisation Test
- ISRO conducted the sea-level hot test of its CE20 cryogenic engine.
Good Governance Day
- Good Governance Day is observed on the 25th of December 2024.
Overseas Education Solutions
- DBS Bank launched overseas education solutions for non-resident Indians (NRIs) and high-net-worth individuals (HNIs).
- Aim: To ease the challenges of overseas education
Reserve Bank of India's Rupee Defense
- RBI spent $44.5 billion to defend the rupee in October 2024. This was a combined intervention in forward and spot currency markets.
World Economic Forum 2025
- The World Economic Forum Annual Meeting 2025 will be held in Davos, Switzerland from January 20-24, 2025.
National Highway Project
- India's first National Highway was constructed using bio-bitumen in Nagpur.
- Nagpur-Mansar Bypass project, a segment of this highway, was inaugurated Minister Nitin Gadkari.
Finance Commission Grants
- Central government released the 15th Finance Commission grants for Uttar Pradesh and Andhra Pradesh for rural development.
- Uttar Pradesh: 1,598 crore rupees
- Andhra Pradesh: 446 crore rupees
Powerful Women List
- Forbes unveiled its 21st annual list of the world's 100 Most Powerful Women.
- Nirmala Sitharaman (Finance Minister of India) ranked, and highlighted other key influential Indian women.
Youth Innovation Challenge
- AIM, UNDP, and Citi Foundation launched the 7th edition of the Youth Co:Lab National Innovation Challenge for 2024-2025, focused on innovations for persons with disabilities.
Ken-Betwa River Linking Project
- PM Modi will lay the foundation stone of the Ken-Betwa river linking national project. It is the country's first interlinking of rivers project under the national perspective plan.
- This will provide irrigation support to many districts in Madhya Pradesh and Uttar Pradesh.
Railway Station Renovation
- A 136-year-old historic Bhilai railway station is undergoing renovation.
Top Companies With Great Managers
- SMFG India Credit and Grihashakti were named among the top 50 companies with Great Managers in 2024.
Sri Chandrasekarendra Saraswathi Award
- Jaishankar received the Sri Chandrasekarendra Saraswati award for leadership from the South Indian Education Society.
Justice A.N. Grover
- Justice A.N. Grover's legacy was celebrated, with a book launch and acknowledgment of contributions.
IIT Madras Research Center
- IIT Madras launched an AMOLED research center focused on next-generation display technologies.
Vijay Hazare Trophy Run
- Vijay Hazare Trophy cricket player Anmolpreet Singh made the fastest century by an Indian.
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Description
Explore key fiscal measures, infrastructure investments, and national themes shaping India's economic landscape in 2025. This quiz covers the government's fiscal deficit reduction goals, green infrastructure initiatives, and the significance of Republic Day celebrations. Test your knowledge on these crucial developments and their implications for India's future.
