SF Prep

RBI Assistant Current Affairs Quiz — All time

Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.

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3523 news · 9259 MCQs
Score: 0 / 0 attempted · 77 questions
CCPA issues notices to 17 direct selling entities for rule violations
Q1 Advanced

How many direct selling entities were issued notices by the CCPA for violating the Consumer Protection (Direct Selling) Rules, as announced on 13 December 2024?

Show answer

Correct answer: B — 17

PIB (Consumer Affairs): the CCPA issued notices to 17 entities found violating the Consumer Protection (Direct Selling) Rules, 2021; 13 of them are under investigation.

Q2 Advanced

In which year were the Consumer Protection (Direct Selling) Rules notified by the Government of India?

Show answer

Correct answer: C — 2021

PIB (Consumer Affairs): the Government notified the Consumer Protection (Direct Selling) Rules, 2021, establishing a framework to regulate direct selling entities.

Q3 Advanced

Which of the following is NOT among the three major signs, listed by the CCPA in December 2024, that a product is being used to disguise a pyramid scheme?

Show answer

Correct answer: D — Products sold only through online platforms

PIB (Consumer Affairs): the three signs listed are a large joining fee or investment, compensation paid for recruiting, and no right of return, buy-back or cooling-off period. Online selling is not one of them.

CCI issues cease and desist order against Table Tennis Federation of India
Q4 Advanced

Against which sports federation did the Competition Commission of India issue a cease and desist order dated 12 December 2024 (announced on 13 December 2024)?

Show answer

Correct answer: A — A) Table Tennis Federation of India

PIB (CCI): the CCI passed an order under Section 27 of the Competition Act against the Table Tennis Federation of India and three of its affiliates, without imposing a monetary penalty.

Q5 Advanced

The CCI's December 2024 order against the Table Tennis Federation of India and its affiliates found contravention of which sections of the Competition Act, 2002?

Show answer

Correct answer: D — Sections 3(4) and 4

PIB (CCI): the order found contravention of Sections 3(4) and 4 of the Act, resulting in refusal to deal and abuse of dominance; the cease and desist order itself was issued under Section 27.

India releases Green Steel Taxonomy, first country to do so
Q6 Advanced

Under India's Green Steel Taxonomy (December 2024), five-star green-rated steel must have an emission intensity lower than how many tonnes of CO2e per tonne of finished steel?

Show answer

Correct answer: A — 1.6

PIB (Steel): five-star green-rated steel has emission intensity lower than 1.6 t-CO2e/tfs; four-star is 1.6-2.0, three-star 2.0-2.2, and steel above 2.2 is not eligible.

Q7 Advanced

Which body is the nodal agency for measurement, reporting and verification and for issuing greenness certificates under India's Green Steel Taxonomy?

Show answer

Correct answer: D — National Institute of Secondary Steel Technology

PIB (Steel): the National Institute of Secondary Steel Technology (NISST) shall serve as the nodal agency for MRV and for issuing greenness certificates and star ratings, on a yearly basis.

Q8 Advanced

Consider the following statements about India's Green Steel Taxonomy: 1. India is the first nation to release a taxonomy of green steel. 2. The star-rating thresholds will be reviewed every five years. 3. Steel with emission intensity above 2.2 t-CO2e per tonne of finished steel is not eligible for a green rating. Which of the statements given above are correct?

Show answer

Correct answer: C — 1 and 3 only

PIB (Steel): India is the first nation to release a green steel taxonomy, and steel above 2.2 t-CO2e/tfs is not eligible for green rating. Statement 2 is incorrect: thresholds will be reviewed every three years.

India's gross FDI inflows cross $1 trillion since April 2000
Q9

As announced in December 2024, India's gross FDI inflows since April 2000 have reached:

Show answer

Correct answer: C — $1 trillion

PIB (Commerce & Industry): India's gross FDI inflows have reached $1 trillion since April 2000.

Q10 Advanced

How much FDI did India receive in the first half of FY 2024-25, according to the Commerce Ministry?

Show answer

Correct answer: B — $42.1 billion

PIB (Commerce & Industry): FDI rose nearly 26% to $42.1 billion during the first half of the current fiscal year (2024-25).

Indian Light Tank fires accurately at over 4,200 m altitude
Q11 Advanced

Which DRDO laboratory designed and developed the Indian Light Tank that completed high-altitude firing trials in December 2024?

Show answer

Correct answer: A — Combat Vehicles Research & Development Establishment, Chennai

PIB (Defence): the light tank has been defined, designed and developed by CVRDE, the Chennai-based laboratory of DRDO.

Q12 Advanced

Which company is the industry partner manufacturing DRDO's Indian Light Tank?

Show answer

Correct answer: D — Larsen & Toubro

PIB (Defence): the Indian Light Tank is manufactured by industry partner Larsen & Toubro Precision Engineering & Systems.

Coal Ministry issues awards under ₹8,500 crore coal gasification scheme
Q13 Advanced

The Coal Gasification Incentive Scheme supports India's goal of achieving 100 million tonnes of coal gasification by which year?

Show answer

Correct answer: A — 2030

PIB (Coal): the Coal Gasification Incentive Scheme is integral to India's goal of achieving 100 million tonnes of coal gasification by 2030.

Q14 Advanced

Bharat Coal Gasification and Chemicals Limited (a CIL-BHEL joint venture), awarded ₹1,350 crore under the coal gasification scheme in December 2024, is setting up its ammonium nitrate project in which state?

Show answer

Correct answer: D — Odisha

PIB (Coal): BCGCL, a CIL-BHEL joint venture, was awarded ₹1,350 crore for its coal gasification project at Lakhanpur, Odisha, to produce 0.66 MMTPA of ammonium nitrate. The West Bengal and Maharashtra awards were coal-to-SNG and coal-to-ethanol projects.

Nepali Army chief conferred Honorary Rank of General of the Indian Army
Q15 Advanced

General Ashok Raj Sigdel, conferred the Honorary Rank of General of the Indian Army on 12 December 2024, is the army chief of which country?

Show answer

Correct answer: B — Nepal

PIB (President's Secretariat): President Droupadi Murmu conferred the Honorary Rank of General of the Indian Army on General Ashok Raj Sigdel, Chief of the Army Staff, Nepali Army.

Q16 Advanced

During his December 2024 visit to India, Nepali Army chief General Ashok Raj Sigdel was the Reviewing Officer of the Passing Out Parade at:

Show answer

Correct answer: C — Indian Military Academy, Dehradun

PIB (Defence): the COAS of the Nepali Army served as the Reviewing Officer at the Passing Out Parade at the Indian Military Academy, Dehradun, where two Nepali cadets were commissioned.

WADA approves NDTL New Delhi as Athlete Passport Management Unit
Q17 Advanced

In December 2024, WADA approved the National Dope Testing Laboratory, New Delhi, as a/an:

Show answer

Correct answer: A — Athlete Passport Management Unit

PIB (Youth Affairs & Sports): WADA granted approval for NDTL, New Delhi, as an Athlete Passport Management Unit (APMU) to manage the Athlete Biological Passport.

Q18 Advanced

With NDTL's approval in December 2024, India became part of a group of how many WADA-approved Athlete Passport Management Units worldwide?

Show answer

Correct answer: D — 17

PIB (Youth Affairs & Sports): India is now part of a group of the 17 APMUs approved by WADA worldwide.

Industrial output grows 3.5% in October 2024
Q19 Advanced

What was India's IIP growth rate for October 2024, as per quick estimates released on 12 December 2024?

Show answer

Correct answer: C — 3.5%

PIB (MoSPI): IIP growth for October 2024 was 3.5%, against 3.1% in September 2024; manufacturing grew 4.1% and electricity 2.0%.

Q20 Advanced

On which date of every month are the Quick Estimates of India's Index of Industrial Production released?

Show answer

Correct answer: A — 12th

PIB (MoSPI): the Quick Estimates of IIP are released on the 12th of every month (or the previous working day if the 12th is a holiday) with a six-week lag.

Retail inflation eases to 5.48% in November 2024
Q21

What was India's all-India CPI (combined) inflation rate for November 2024, as released on 12 December 2024?

Show answer

Correct answer: B — 5.48%

PIB (MoSPI): year-on-year CPI inflation for November 2024 was 5.48% (provisional); rural was 5.95%, urban 4.83%, and October 2024 was 6.21%.

Q22 Advanced

Which item recorded the highest year-on-year inflation at the all-India level in November 2024 CPI data?

Show answer

Correct answer: D — Garlic

PIB (MoSPI): the top five items by year-on-year inflation in November 2024 were garlic (85.14), potato (66.65), cauliflower (47.70), cabbage (43.58) and coconut oil (42.13).

Grand Finale of Smart India Hackathon 2024 begins at 51 centres
Q23 Advanced

Which edition of the Smart India Hackathon had its Grand Finale begin on 11 December 2024?

Show answer

Correct answer: C — 7th

PIB (11 Dec 2024): the 7th edition of the Smart India Hackathon (SIH) began concurrently at 51 centres nationwide on 11 December 2024.

Q24

In which year was the Smart India Hackathon launched?

Show answer

Correct answer: A — 2017

PIB (11 Dec 2024): launched in 2017, the Smart India Hackathon has gained massive popularity among young innovators.

Q25 Advanced

For how long does the Software Edition of the Smart India Hackathon 2024 Grand Finale run non-stop?

Show answer

Correct answer: D — 36 hours

PIB (11 Dec 2024): the Software Edition will run non-stop for 36 hours, and the Hardware Edition will continue from 11 to 15 December 2024.

India's RE installed capacity reaches 213.70 GW, up 14.2% year-on-year
Q26 Advanced

As per MNRE data released on 11 December 2024, what was India's total RE installed capacity as of November 2024?

Show answer

Correct answer: D — 213.70 GW

PIB (11 Dec 2024): total RE installed capacity reached 213.70 GW as of November 2024, up from 187.05 GW a year earlier.

Q27 Advanced

By what percentage did India's RE installed capacity grow year-on-year as of November 2024?

Show answer

Correct answer: B — 14.2%

PIB (11 Dec 2024): India's RE capacity registered 14.2% year-on-year growth. 28.5% is the growth including pipeline projects, and 30.2% is the growth in solar.

Q28 Advanced

What was India's installed solar capacity as of November 2024, according to MNRE?

Show answer

Correct answer: C — 94.17 GW

PIB (11 Dec 2024): installed solar capacity rose from 72.31 GW in 2023 to 94.17 GW in 2024, a growth of 30.2%; 261.15 GW includes pipeline projects.

Centre lowers wheat stock limits until 31 March 2025
Q29 Advanced

To what level did the Centre lower the wheat stock limit for traders and wholesalers on 11 December 2024?

Show answer

Correct answer: C — 1,000 MT

PIB (11 Dec 2024): the stock limit for Trader/Wholesaler was revised from 2000 MT to 1000 MT, applicable until 31 March 2025.

Rajnath Singh co-chairs 21st India-Russia IRIGC-M&MTC in Moscow, calls on Putin
Q30

Which session of the India-Russia Inter-Governmental Commission on Military & Military Technical Cooperation was held in Moscow on 10 December 2024?

Show answer

Correct answer: C — 21st

PIB (10 Dec 2024): the 21st session of the IRIGC-M&MTC was co-chaired by Rajnath Singh and Andrey Belousov in Moscow on December 10, 2024.

Q31 Advanced

Who co-chaired the 21st IRIGC-M&MTC with Rajnath Singh on 10 December 2024?

Show answer

Correct answer: A — Andrey Belousov

PIB (10 Dec 2024): the session was co-chaired by Raksha Mantri Rajnath Singh and Russian Defence Minister Andrey Belousov.

Q32 Advanced

The India-Russia Military Technical Cooperation agreement mentioned at the 21st IRIGC-M&MTC covers which period?

Show answer

Correct answer: D — 2021-31

PIB (10 Dec 2024): Belousov said the operationalisation of the Military Technical Cooperation agreement for 2021-31 will give necessary impetus to 'Make in India'.

Q33 Advanced

Whom did Rajnath Singh call on in Moscow on 10 December 2024, on the margins of the IRIGC-M&MTC?

Show answer

Correct answer: B — Vladimir Putin

PIB (10 Dec 2024): Rajnath Singh called on the President of the Russian Federation Vladimir Putin in Moscow on the margins of the 21st IRIGC-M&MTC.

Q34 Advanced

Consider the following about Rajnath Singh's visit to Moscow on 10 December 2024: 1. He laid a wreath at the Tomb of the Unknown Soldier. 2. The Russian Defence Minister congratulated him on the commissioning of INS Tushil. Which of the statements given above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct. PIB (10 Dec 2024): before the meeting Rajnath Singh laid a wreath at 'The Tomb of the Unknown Soldier' in Moscow, and Belousov congratulated him on the commissioning of INS Tushil.

MNRE amends ALMM Order: solar cells must come from List-II from 1 June 2026
Q35 Advanced

From which date must solar PV modules used in projects source their cells from ALMM List-II, as per MNRE's amendment announced on 10 December 2024?

Show answer

Correct answer: D — 1 June 2026

PIB (10 Dec 2024): all solar PV modules used in projects must source their solar cells from ALMM List-II starting from 1st June 2026.

Q36 Advanced

The new List-II introduced under the amended ALMM Order, 2019 covers:

Show answer

Correct answer: A — Solar PV cells

PIB (10 Dec 2024): the amendment introduces the long-awaited List-II for solar PV cells under the ALMM Order.

Q37 Advanced

Under the ALMM amendment of December 2024, which solar modules will be considered compliant with the List-II cell requirement?

Show answer

Correct answer: B — Thin-film modules manufactured in integrated solar PV module manufacturing units

PIB (10 Dec 2024): thin-film solar modules manufactured in integrated solar PV module manufacturing units will be considered in compliance with the requirement to use solar PV cells from List-II.

'Hamara Shauchalay: Hamara Samman' campaign concludes on Human Rights Day
Q38 Advanced

On which day was the 'Hamara Shauchalay: Hamara Samman' campaign launched, before concluding on Human Rights Day 2024?

Show answer

Correct answer: C — 19 November (World Toilet Day)

PIB (10 Dec 2024): the HSHS campaign, launched on World Toilet Day (November 19), concluded on 10 December, Human Rights Day.

Q39 Advanced

Which department organised the 'Hamara Shauchalay: Hamara Samman' campaign?

Show answer

Correct answer: D — Department of Drinking Water and Sanitation

PIB (10 Dec 2024): the campaign was organised by the Department of Drinking Water and Sanitation, Ministry of Jal Shakti.

Q40 Advanced

How many Community Sanitary Complexes were assessed and improved during the 'Hamara Shauchalay: Hamara Samman' campaign?

Show answer

Correct answer: A — Over 1.54 lakh

PIB (10 Dec 2024): over 1.54 lakh CSCs were assessed and improved, covering more than 70% of existing CSCs. 3.35 lakh is the number of new household latrines sanctioned.

India wins 55 medals, its best ever, at the 10th Asia Pacific Deaf Games
Q41

Where were the 10th Asia Pacific Deaf Games 2024 held, at which India recorded its best-ever performance?

Show answer

Correct answer: A — Kuala Lumpur

PIB (10 Dec 2024): the PM congratulated the Indian contingent for a historic performance at the 10th Asia Pacific Deaf Games 2024 held in Kuala Lumpur.

Q42 Advanced

How many medals did India win at the 10th Asia Pacific Deaf Games 2024?

Show answer

Correct answer: C — 55

PIB (10 Dec 2024): the athletes won an extraordinary 55 medals, India's best ever performance at the Games.

Q43 Advanced

Which edition of the Asia Pacific Deaf Games was held in 2024?

Show answer

Correct answer: B — 10th

PIB (10 Dec 2024): the PM congratulated the contingent on its performance at the 10th Asia Pacific Deaf Games 2024.

CCI approves ADNOC's acquisition of Covestro AG
Q44 Advanced

The Competition Commission of India announced on 10 December 2024 its approval of the acquisition of Covestro AG by which company?

Show answer

Correct answer: A — Abu Dhabi National Oil Company (ADNOC)

PIB (10 Dec 2024): CCI approves acquisition of Covestro AG by Abu Dhabi National Oil Company.

INS Tushil (F 70) commissioned at Kaliningrad, Russia
Q45

Where was INS Tushil commissioned into the Indian Navy on 9 December 2024?

Show answer

Correct answer: C — Yantar Shipyard, Kaliningrad

PIB (9 Dec 2024): INS Tushil (F 70) was commissioned in the presence of Rajnath Singh at the Yantar Shipyard in Kaliningrad, Russia on December 09, 2024.

Q46 Advanced

What is the pennant number of INS Tushil?

Show answer

Correct answer: B — F 70

PIB (9 Dec 2024): INS Tushil (F 70), the latest multi-role stealth guided missile frigate, was commissioned into the Indian Navy.

Q47 Advanced

INS Tushil is an upgraded frigate of which class and project?

Show answer

Correct answer: D — Krivak III class, Project 1135.6

PIB (9 Dec 2024): INS Tushil is an upgraded Krivak III class frigate of Project 1135.6.

Q48 Advanced

What is INS Tushil's position in the Project 1135.6 series of frigates?

Show answer

Correct answer: A — Seventh

PIB (9 Dec 2024): six Project 1135.6 ships are already in service (three Talwar class and three Teg class); INS Tushil is the seventh in the series and the first of two upgraded additional follow-on ships.

Q49 Advanced

Consider the following about INS Tushil: 1. Its keel was laid on 12 July 2013. 2. It is the first of the three Teg class ships built at Yantar Shipyard. Which of the statements given above is/are correct?

Show answer

Correct answer: A — 1 only

Statement 1 is correct: the keel was laid on July 12, 2013. Statement 2 is incorrect: the three Teg class ships are already in service; INS Tushil is the first of two upgraded additional follow-on ships.

Material cost under PM POSHAN raised by 13.70% from 1 December 2024
Q50 Advanced

By what percentage was the 'material cost' under the PM POSHAN scheme enhanced with effect from 1 December 2024?

Show answer

Correct answer: D — 13.70%

PIB (9 Dec 2024): on the basis of the Labour Bureau's inflation index, the Ministry of Education enhanced the 'Material Cost' by 13.70% with effect from 01.12.2024.

Q51 Advanced

What is the revised per-meal material cost under PM POSHAN for primary and Bal Vatika classes from 1 December 2024?

Show answer

Correct answer: B — Rs 6.19

PIB (9 Dec 2024): material cost is enhanced from Rs 5.45 to Rs 6.19 for primary and Bal Vatika classes, and from Rs 8.17 to Rs 9.29 for upper primary classes.

Ayushman Vay Vandana Card enrolment crosses 25 lakh
Q52 Advanced

Enrolment for the Ayushman Vay Vandana Card reached what figure within two months of its launch, as reported on 9 December 2024?

Show answer

Correct answer: C — 25 lakh

PIB (9 Dec 2024): enrolment for the Ayushman Vay Vandana Card reached 25 lakh in less than 2 months of its launch on 29 October 2024.

Q53

How much free health cover does the Ayushman Vay Vandana Card provide to senior citizens aged 70 and above?

Show answer

Correct answer: A — Rs 5 lakh

PIB (9 Dec 2024): the Ayushman Vay Vandana Card provides Rs 5 lakh free health cover to all senior citizens aged 70 years and above, irrespective of socio-economic status.

DPIIT signs MoU with Flipkart to invest in and mentor startups
Q54 Advanced

What is the size of the Flipkart Leap Ventures fund on which DPIIT's December 2024 MoU with Flipkart builds?

Show answer

Correct answer: D — USD 100 million

PIB (9 Dec 2024): the partnership builds on existing efforts under the Flipkart Leap and Ventures initiative with its USD 100 mn fund.

Syrian rebels take Damascus; Bashar al-Assad flees to Russia
Q55

Which capital city did Syrian rebel forces seize on 8 December 2024, ending Bashar al-Assad's rule?

Show answer

Correct answer: D — Damascus

Reuters (8 Dec 2024): Syrian rebels seized the capital Damascus unopposed on Sunday, sending President Bashar al-Assad fleeing to Russia; The Hindu also reports rebels claimed control of Damascus.

Q56

To which country did Bashar al-Assad flee after rebels took Damascus on 8 December 2024?

Show answer

Correct answer: A — Russia

Reuters (8 Dec 2024) and The Hindu (9 Dec 2024): President Bashar al-Assad fled to Russia; Reuters reports Moscow gave asylum to Assad and his family.

Q57 Advanced

In its statement of 9 December 2024 on Syria, India's Ministry of External Affairs advocated:

Show answer

Correct answer: B — A peaceful and inclusive Syrian-led political process

The Hindu and Indian Express (9 Dec 2024): the MEA said 'We advocate a peaceful and inclusive Syrian-led political process respecting the interests and aspirations of all sections of Syrian society.'

Q58 Advanced

The fall of Bashar al-Assad on 8 December 2024 ended his family's rule over Syria that had lasted roughly:

Show answer

Correct answer: C — Five decades

Reuters (8 Dec 2024): the capture of Damascus ended more than five decades of the Assad family's rule; The Hindu (9 Dec 2024) calls it the end of the 50-year-long Assad family rule.

Q59 Advanced

Consider the following about the developments in Syria in December 2024: 1. President Bashar al-Assad fled to Russia after rebels took Damascus. 2. India's MEA underlined the need for all parties to work towards preserving Syria's unity, sovereignty and territorial integrity. Which of the statements given above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct. Reuters (8 Dec 2024): Assad fled to Russia as rebels seized Damascus. The Hindu and Indian Express (9 Dec 2024): the MEA underlined the need for all parties to work towards preserving the unity, sovereignty and territorial integrity of Syria.

Australia beat India by 10 wickets in Adelaide pink-ball Test
Q60

By what margin did Australia beat India in the second Test at Adelaide on 8 December 2024?

Show answer

Correct answer: A — 10 wickets

ESPNcricinfo and BBC (8 Dec 2024): Australia won by 10 wickets, chasing 19 without loss to level the five-match series 1-1.

Q61 Advanced

Who was named Player of the Match in the Adelaide Test between Australia and India that ended on 8 December 2024?

Show answer

Correct answer: D — Travis Head

ESPNcricinfo and BBC (8 Dec 2024): Travis Head, who scored 140, was Player of the Match; Cummins took 5-57 and Starc 6-48 in the match.

Pope Francis creates India's George Jacob Koovakad a Cardinal
Q62 Advanced

George Jacob Koovakad, created a Cardinal by Pope Francis on 7 December 2024, was serving as the coordinator of:

Show answer

Correct answer: C — The Pope's Apostolic Journeys

Holy See Press Office (7 Dec 2024): among the 21 new Cardinals was George Jacob Koovakad, titular archbishop of Nisibis of the Chaldeans, coordinator of Apostolic Journeys.

Q63 Advanced

How many new Cardinals did Pope Francis create at the Ordinary Public Consistory on 7 December 2024?

Show answer

Correct answer: D — 21

Holy See Press Office (7 Dec 2024): the Holy Father held an Ordinary Public Consistory in the Vatican Basilica for the creation of 21 new Cardinals.

Q64 Advanced

Cardinal George Jacob Koovakad, created on 7 December 2024, is incardinated in which Indian archdiocese, according to his official Holy See biography?

Show answer

Correct answer: A — Changanacherry

Holy See Press Office biography: Koovakad was born in Chethipuzha, India, on 11 August 1973, ordained in 2004 and incardinated in Changanacherry.

Armed Forces Flag Day observed; PM and Raksha Mantri urge contributions
Q65

On which date is Armed Forces Flag Day observed in India, as marked in 2024?

Show answer

Correct answer: B — 7 December

PIB (7 Dec 2024): Raksha Mantri Rajnath Singh's video message was issued on the occasion of AFFD on December 07, 2024, and the PM marked Armed Forces Flag Day the same day.

Q66 Advanced

According to Raksha Mantri Rajnath Singh on 7 December 2024, contributing to the Armed Forces Flag Day Fund helps ensure the welfare of:

Show answer

Correct answer: A — Serving and retired soldiers and their families

PIB (7 Dec 2024): Rajnath Singh termed it the collective responsibility of the country to ensure the welfare of the soldiers, both serving and retired, as well as their families.

NMDFC and DICCI sign MoU to promote entrepreneurship
Q67 Advanced

In the MoU signed with NMDFC on 7 December 2024 to promote entrepreneurship among marginalised communities, DICCI stands for:

Show answer

Correct answer: D — Dalit Indian Chamber of Commerce and Industry

PIB (7 Dec 2024): the National Minorities Development and Finance Corporation (NMDFC) and the Dalit Indian Chamber of Commerce and Industry (DICCI) signed an MoU to promote entrepreneurship among marginalised communities.

RBI keeps repo rate at 6.50%, cuts CRR to 4%
Q68

At what level did the RBI's Monetary Policy Committee keep the policy repo rate on 6 December 2024?

Show answer

Correct answer: B — 6.50%

RBI Governor's Statement (6 Dec 2024): the MPC decided by a 4 to 2 majority to keep the policy repo rate unchanged at 6.50 per cent; the SDF rate remains 6.25% and the MSF rate and Bank Rate 6.75%.

Q69 Advanced

To what level did the RBI decide on 6 December 2024 to reduce the cash reserve ratio (CRR) of banks?

Show answer

Correct answer: D — 4.00% of NDTL

RBI (6 Dec 2024): the CRR of all banks is reduced by 50 bps in two equal tranches of 25 bps each to 4.0 per cent of NDTL, from the fortnights beginning December 14 and December 28, 2024, releasing about Rs 1.16 lakh crore.

Q70 Advanced

What real GDP growth did the RBI project for 2024-25 in its policy of 6 December 2024?

Show answer

Correct answer: A — 6.6%

RBI Governor's Statement (6 Dec 2024): real GDP growth for 2024-25 is now projected at 6.6 per cent, with Q3 at 6.8 per cent and Q4 at 7.2 per cent.

Q71 Advanced

On 6 December 2024, the RBI raised the limit for collateral-free agriculture loans to how much per borrower?

Show answer

Correct answer: C — Rs 2 lakh

RBI Governor's Statement (6 Dec 2024): the limit for collateral-free agriculture loans, last revised in 2019, is increased from Rs 1.6 lakh to Rs 2 lakh per borrower.

Q72 Advanced

Consider the following about the RBI MPC decision of 6 December 2024: 1. The decision to keep the repo rate unchanged was taken by a 4 to 2 majority. 2. The MPC changed its stance from 'neutral' to 'accommodative'. Which of the statements given above is/are correct?

Show answer

Correct answer: A — 1 only

Only statement 1 is correct. RBI (6 Dec 2024): the MPC decided by a 4 to 2 majority to keep the repo rate at 6.50 per cent and decided unanimously to continue with the 'neutral' stance.

Cabinet approves 28 new Navodaya Vidyalayas
Q73

How many new Navodaya Vidyalayas did the Cabinet Committee on Economic Affairs approve on 6 December 2024?

Show answer

Correct answer: A — 28

PIB (6 Dec 2024): the CCEA approved setting up of 28 Navodaya Vidyalayas in the uncovered districts of the country; the same day it approved 85 new Kendriya Vidyalayas.

Q74 Advanced

What is the total estimated fund requirement for the 28 new Navodaya Vidyalayas approved on 6 December 2024?

Show answer

Correct answer: C — Rs 2,359.82 crore

PIB (6 Dec 2024): the total estimated requirement is Rs 2,359.82 crore over 2024-25 to 2028-29, including capital expenditure of Rs 1,944.19 crore and operational expenditure of Rs 415.63 crore.

Cabinet approves 85 new Kendriya Vidyalayas
Q75

How many new Kendriya Vidyalayas did the Cabinet Committee on Economic Affairs approve on 6 December 2024?

Show answer

Correct answer: D — 85

PIB (6 Dec 2024): the CCEA approved opening of 85 new Kendriya Vidyalayas under the civil/defence sector across the country.

Q76 Advanced

Which existing Kendriya Vidyalaya did the Cabinet approve for expansion on 6 December 2024 by adding two sections in all classes?

Show answer

Correct answer: B — KV Shivamogga

PIB (6 Dec 2024): the CCEA approved expansion of one existing KV, KV Shivamogga, Karnataka, by adding two additional sections in all the classes.

Q77 Advanced

As stated in the Cabinet decision of 6 December 2024, the three Kendriya Vidyalayas functioning abroad are in:

Show answer

Correct answer: A — Moscow, Kathmandu and Tehran

PIB (6 Dec 2024): there are 1,256 functional KVs, including 03 abroad, viz. Moscow, Kathmandu and Tehran, with about 13.56 lakh students.