0 UPSC EXAM ENGLISH QUIZ 11.02.2025 Daily Quiz 1 / 5 Q1. Consider the following statements: 1. Monetary Policy Committee (MPC) of Reserve Bank of India cut the repo rate to 6.00% from 6.5% for the first time in 5 years (since 2020). 2. After the Union Budget 2025-26 reduced personal income tax to spur consumption, this step aims to revive economic growth amid a slowdown Which of the above statement/statements are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Explanation: Monetary Policy Committee (MPC) of Reserve Bank of India cut the repo rate to 6.25% from 6.5% (25 basis points (bps)) for the first time in 5 years (since 2020). After the Union Budget 2025-26 reduced personal income tax to spur consumption, this step aims to revive economic growth amid a slowdown. What Factors Led to RBI's Decision to Cut the Repo Rate Growth-Stimulating Budget: The Union Budget 2025-26 introduced a personal income tax cut and revised TDS limits, increasing disposable income. The RBI’s repo rate cut supports the government’s tax reductions by lowering borrowing costs and sustaining demand. Declining Inflation: Consumer Price Index (CPI) eased to 5.22% in December 2024, a four-month low, down from 5.48% in November that provides room for monetary easing. Market Liquidity Enhancement: The RBI recently introduced measures to improve liquidity in the banking system by injecting Rs 1.5 trillion. Liquidity injection eased tight credit markets, while the repo rate cut ensured liquidity and lower rates to boost growth. 2 / 5 Q2. Consider the following statements: 1. National Aeronautics and Space Administration (NASA) has identified a near-Earth asteroid 2024 YR4 2. That has a little more than a 6% chance of hitting Earth in 2032. 3. The near-Earth asteroid 2024 YR4 was discovered in December 2024 by the Asteroid Terrestrial-impact Last Alert System telescope in Rio Hurtado, Chile. Which of the statements given above is/are correct? 1 and 2 are correct 1 and 3 are correct 2 and 3 are correct All of the above Explanation: National Aeronautics and Space Administration (NASA) has identified a near-Earth asteroid 2024 YR4 that has a little more than a 1% chance of hitting Earth in 2032. Asteroid 2024 YR4 The near-Earth asteroid 2024 YR4 was discovered in December 2024 by the Asteroid Terrestrial-impact Last Alert System (ATLAS) telescope in Rio Hurtado, Chile. Size and impact potential: It is about the size of a football field, measuring 40 to 100 meters. An asteroid of this size hits Earth every few thousand years on average and can cause severe damage to the local area. Risk assessment: Asteroid 2024 YR4 is now marked at Level 3 on the Torino Impact Hazard Scale, which is the possibility of a close collision. 3 / 5 Q3. Consider the following statements: 1. Union Cabinet chaired by Prime Minister Narendra Modi has approved the restructuring of the Skill India Programme (SIP) and continuing it till 2025-26. 2. An outlay of Rs 10,800 crore has been set for this scheme, which will empower the skill development of youth. Which of the above statement/statements are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Explanation: Union Cabinet chaired by Prime Minister Narendra Modi has approved the restructuring of the Skill India Programme (SIP) and continuing it till 2025-26. An outlay of Rs 8,800 crore has been set for this scheme, which will empower the skill development of youth. Skill India Programme Skill India Programme is a comprehensive national mission launched by Prime Minister Narendra Modi on 15 July 2015. This campaign is aimed at empowering India as a skilled workforce and making it self-reliant. This scheme is managed by the National Skill Development Corporation of India (NSDC). This program was first launched on the occasion of World Youth Skills Day in 2015. Under which more than 30 crore Indians were to be trained in various skills by 2022. 4 / 5 Q4. Consider the following statements: 1. Fort William, the headquarters of the Army's Eastern Command, renamed Vijay Durg. 2. The British built the historic Fort William located in Kolkata and named it after King William III. 3. Fort William, built in brick and mortar in 1881, has six gates: Chowringhee, Plassey, Calcutta, Water Gate, Treasury Gate, and St George Gate. Which of the statements given above is/are correct? 1 and 2 are correct 1 and 3 are correct 2 and 3 are correct All of the above Explanation: Fort William, the headquarters of the Indian Army's Eastern Command, has been renamed Vijay Durg, and one of its gates, St George's Gate, has been renamed Shivaji Gate. Defence officials said the decision to change the name was taken in December 2024. The British built the historic Fort William located in Kolkata and named it after King William III. Fort William, built in brick and mortar in 1781, has six gates: Chowringhee, Plassey, Calcutta, Water Gate, Treasury Gate, and St George Gate. The fort has been renamed as Vijay Durg, based on the oldest fort along the Sindhudurg coast in Maharashtra, which served as a naval base during Chhatrapati Shivaji's time. The renaming of the fort and its gates symbolises India's recognition of its military heritage. After independence, control of the fort passed into the hands of the Indian Army, which substantially extended and renovated it. 5 / 5 Q5. Consider the following statements: 1. Argentina announced to quit from the World Health Organization (WHO). 2. He took this decision due to WHO’s management of health issues, particularly its handling of the COVID-19 pandemic. Which of the above statement/statements are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Explanation: Argentina announced it will withdraw from the World Health Organization (WHO). Argentina's libertarian President Milei instructed Gerardo Werthein (foreign minister) to withdraw Argentina’s participation in the World Health Organization. He took this decision due to WHO’s management of health issues, particularly its handling of the COVID-19 pandemic. He also highlighted the WHO’s perceived lack of independence from the political influence of other countries. Milei declared the WHO a harmful organization. The United States is by far the largest contributor to the WHO. It provided around $950 million (£760 million) funding to WHO in 2024. Argentina’s annual contribution to WHO is around $8 million. Your score is LinkedIn Facebook Twitter VKontakte Post navigation ALL EXAM QUIZ 11.02.2025 UPSC EXAM QUIZ 12.02.2025
