Daily Current Affairs Quiz – 04th January 2025

Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 04th January 2025. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2025 & other competitive exams can make use of these Current Affairs Quiz.

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1) In December 2024, for the first time since June 2024, the banking system experienced a liquidity deficit. How many lakh crores were injected despite the Cash Reserve Ratio (CRR) being loosened?

(a) Rs.1.16 lakh crore

(b) Rs.1.12 lakh crore

(d) Rs.1.15 lakh crore

(e) Rs.1.18 lakh crore

2) The MicroFinance Institutions Network (MFIN) extends the maximum three lenders per borrower rule by three months. The MFIN has prohibited lending to borrowers who have past-due loans that are more than sixty days past due and whose outstanding balance exceeds what amount?

(a) >Rs.1000

(b) >Rs.1500

(d) >Rs.2500

(e) >Rs.3000

3) Recently, the Reserve Bank of India enforced stricter liquidity standards for housing finance companies that accept deposits. What percentage of their outstanding deposits must these companies have in liquid assets as of January 1, 2025?

(a) 10%

(b) 12%

(d) 15%

(e) 18%

4) Recently, the Reserve Bank of India updated housing finance regulations and requires complete emergency withdrawals from NBFC deposits. How many days ahead of time must NBFCs inform depositors of their deposit’s maturity, as required by the RBI, which has shortened the notice period from two months?

(a) 10days

(b) 12days

(d) 15days

(e) 18days

5) As per the report, the National Bank for Financing Infrastructure and Development (NaBFID) is authorized by the Reserve Bank of India to function as an All-India Financial Institution in the financial markets. When was the NaBFID Act established?

(a) 2019

(b) 2018

(d) 2020

(e) 2022

6) Recently,the Federal Bank, one of India’s largest private sector banks, has launched FedOne, a new digital transaction banking platform. What company powers the platform?

(a) Aviz Networks

(b) Juniper Networks

(d) Nucleus Software

(e) LME Services

7) Which bank has implemented TAB-based digital onboarding for NRI and NRE account opening?

(a) Canara Bank

(b) State Bank of India

(d) Indian Bank

(e) Bank of Baroda

8) When will the Employees Provident Fund Organization (EPFO) launch its updated software system, EPFO 3.0, as announced by Union Labour Minister Mansukh Mandaviya?

(a) January 2025

(b) March 2025

(d) June 2025

(e) May 2025

9) In which state/UT did Prime Minister Narendra Modi launch a number of revolutionary infrastructure and redevelopment projects?

(a) Gujarat

(b) Maharashtra

(d) Ladakh

(e) Odisha

10) Recently, the construction of three new greenfield airports in Puri (Odisha), Kota (Rajasthan), and Parandur (Tamil Nadu) is almost approved by the central government. Including both brownfield and greenfield projects, how many airports are currently in operation in India?

(a) 158

(b) 157

(d) 156

(e) 155

11) After January 1, 2025, which country’s new tourist tax replaced the old resort fee?

(a) China

(b) Russia

(d) Singapore

(e) Germany

12) During the 50th-anniversary celebrations of the Himachal Pradesh Institute of Public Administration (HIPA), Chief Minister Sukhvinder Singh Sukhu announced that the institute would be renamed after which leader?

(a) Jawaharlal Nehru

(b) P. V. Narasimha Rao

(d) H. D. Deve Gowda

(e) Morarji Desai

13) An ethnobotanical garden called “Mahabharata Vatika” has been established by the Uttarakhand Forest Department on an acre of land in Haldwani. How many plant species are featured in the garden that are mentioned in the 18 Mahabharata sections?

(a) 32

(b) 31

(d) 37

(e) 39

14) Which state has made history by introducing a plan that links the Green GDP to the ecosystem services that its forests provide?

(a) Haryana

(b) Chhattisgarh

(d) Punjab

(e) Bihar

15) Recently, Blinkit, a quick-commerce platform, now offers a 10-minute ambulance service in select Gurgaon locations. How many ambulances are currently operational, and the service still in its pilot stage?

(a) 8

(b) 3

(d) 5

(e) 6

16) In order to update the Wholesale Price Index (WPI) base year from 2011–12 to 2022–23, the government established a working group of how many members?

(a) 12

(b) 14

(d) 18

(e) 20

17) How many people, including members of the congressional committee that looked into the Capitol attack on January 6, 2021, have received the Presidential Citizens Medal, the second-highest civilian honor in the US, from President Joe Biden?

(a) 10

(b) 12

(d) 18

(e) 20

18) Recently, the Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSU under the Ministry of Power, has signed a significant green loan agreement with Sumitomo Mitsui Banking Corporation. This facility is denominated in which currency, for an equivalent of $200 million, with an additional green shoe option of $150 million?

(a) Euro

(b) Yen

(d) Pound

(e) Franc

19) In order to encourage tourism in the state’s border regions, which government entered into a Memorandum of Understanding (MoU) with the Indo-Tibetan Border Police (ITBP)?

(a) Rajasthan

(b) Chhattisgarh

(d) Uttarakhand

(e) Madhya Pradesh

20) The _________ Governor of Bihar, Arif Mohammad Khan, took the oath of office after Rajendra Vishwanath Arlekar was named Governor of Kerala.

(a) 41st

(b) 42nd

(d) 44th

(e) 40th

21) On January 2, 2025, Rajendra Vishwanath Arlekar took the oath of office as Kerala’s __________ governor.

(a) 22nd

(b) 23rd

(d) 24th

(e) 25th

22) On January 1, 2025, Pakistan became a non-permanent member of the United Nations Security Council (UNSC) for a two-year term. Pakistan has occupied a non-permanent seat on the UNSC for the _______ time.

(a) Sixth

(b) Fifth

(d) Third

(e) Eighth

23) The United Nations Security Council (UNSC) consists of how many total members, including five permanent members with veto power and ten non-permanent members?

(a) 12

(b) 10

(d) 18

(e) 20

24) How many housing finance companies (HFCs) are currently operating in the nation?

(a) 95

(b) 97

(d) 99

(e) 92

25) Where is the headquarters of the Microfinance Institutions Network (MFIN)?

(a) Haryana

(b) Chhattisgarh

(d) Madhya Pradesh

(e) Gujarat

Answers :

1) Answer: A

Short Explanation:

The banking system slipped into a liquidity deficit in December 2024, marking the first such occurrence since June 2024.

This was despite the infusion of ₹1.16 lakh crore through the easing of the Cash Reserve Ratio (CRR).

Detailed Explanation:

The banking system slipped into a liquidity deficit in December 2024, marking the first such occurrence since June 2024.

This was despite the infusion of ₹1.16 lakh crore through the easing of the Cash Reserve Ratio (CRR).

CRR Easing: The Reserve Bank of India (RBI) reduced the Cash Reserve Ratio (CRR) from 4.5% to 4% in two tranches (December 14 and December 28, 2024).

Call Rate and Repo Rate: Despite the deficit, RBI successfully managed to keep the overnight borrowing costs close to the policy repo rate through fine-tuning Variable Rate Repo (VRR) auctions.

The average call rate for December stood at 6.55%, just five basis points above the repo rate.

Use of VRR Auctions: VRR auctions were conducted 14 times in December 2024, infusing ₹1.32 lakh crore into the banking system.

2) Answer: E

Short Explanation:

Microfinance Institutions Network (MFIN) extended the deadline for compliance with the “maximum three-lenders per borrower” rule by three months, now applying until the end of March 2025.

Delinquent Borrowers: MFIN has imposed a restriction on lending to borrowers with overdue loans for more than 60 days and an outstanding amount greater than Rs 3,000.

Detailed Explanation:

Background of Rule: The rule aims to address the microfinance sectors asset quality stress by limiting borrowers to loans from a maximum of three lenders, reducing excessive indebtedness.

MFIN had previously set a cap of four lenders per borrower, which has now been reduced.

Stricter Lending Principles: MFIN introduced stricter lending norms in late November 2024, including capping a borrower’s total outstanding loans at Rs 2 lakh, which includes both microfinance and unsecured retail loans.

Delinquent Borrowers: MFIN has imposed a restriction on lending to borrowers with overdue loans for more than 60 days and an outstanding amount greater than Rs 3,000.

3) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) has implemented revised norms requiring deposit-taking housing finance companies (HFCs) to maintain higher levels of liquid assets against their deposits.

Effective January 1, 2025, these companies must hold liquid assets equivalent to 14% of their outstanding deposits.

Detailed Explanation:

The Reserve Bank of India (RBI) has implemented revised norms requiring deposit-taking housing finance companies (HFCs) to maintain higher levels of liquid assets against their deposits.

Effective January 1, 2025, these companies must hold liquid assets equivalent to 14% of their outstanding deposits.

This includes 8% in unencumbered approved securities, calculated as a percentage of public deposits.

Furthermore, the RBI has mandated that by July 1, 2025, the total liquid assets requirement will increase to 15%, including 10% in unencumbered approved securities.

Prior to this update, deposit-taking HFCs were required to maintain 13% of their public deposits as liquid assets.

Non-deposit-taking HFCs, with asset size of Rs 1,000 crore, have now been allowed to participate in currency options exchanges.

4) Answer: C

Short Explanation:

Starting January 1, 2025, non-banking financial companies (NBFCs) are required to return the full deposit amount to depositors within three months in case of an emergency withdrawal, though such withdrawals will not accrue any interest.

Maturity Notification: The RBI has mandated that NBFCs notify depositors of their deposit’s maturity 14 days in advance, reducing the previous notice period from two months.

Detailed Explanation:

Critical Illness: If a depositor faces critical illness, as defined by the Insurance Regulatory and Development Authority of India (IRDAI), they can withdraw 100% of their deposit within three months without interest.

Non-Emergency Withdrawals: For non-emergency withdrawals within three months, NBFCs can return up to 50% of the deposit amount (maximum Rs 5 lakh) without paying interest.

Maturity Notification: The RBI has mandated that NBFCs notify depositors of their deposit’s maturity 14 days in advance, reducing the previous notice period from two months.

Audit Committees: NBFCs are required to ensure that their audit committees conduct information system audits in compliance with regulations.

5) Answer: C

Short Explanation:

On January 1, 2025, the Reserve Bank of India (RBI) issued a circular allowing the National Bank for Financing Infrastructure and Development (NaBFID) to participate as an All-India Financial Institution (AIFI) in financial markets.

NaBFID’s Establishment: NaBFID was established under the NaBFID Act, 2021, as the primary institution for infrastructure financing in India.

Detailed Explanation:

The decision aligns with the RBI’s earlier notifications and master directions governing AIFIs under the RBI Act, 1934.

Credit Default Swaps and Repo Transactions: NaBFID is now permitted to undertake credit default swaps and repurchase (repo) transactions, in line with the Master Directions on Credit Derivatives (2022) and Repo Transactions (2018).

NaBFID’s Establishment: NaBFID was established under the NaBFID Act, 2021, as the primary institution for infrastructure financing in India.

6) Answer: D

Short Explanation:

Federal Bank, one of India’s largest private sector banks, launched FedOne, a new digital transaction banking platform.

The platform is powered by Nucleus Software’sFinnAxia solution.

Implementation Timeline: The platform was implemented after a 10-month collaboration between Federal Bank and Nucleus Software.

Detailed Explanation:

Federal Bank, one of India’s largest private sector banks, launched FedOne, a new digital transaction banking platform.

The platform is powered by Nucleus Software’sFinnAxia solution.

Implementation Timeline: The platform was implemented after a 10-month collaboration between Federal Bank and Nucleus Software.

Purpose of FedOne: The platform aims to modernize the bank’s corporate banking services and streamline treasury operations.

Features of FedOne: It is designed to enhance working capital management capabilities and provide faster service delivery for corporate customers.

Nucleus Software: Nucleus Software, the technology partner, supports over 200 financial institutions in 50 countries.

7) Answer: B

Short Explanation:

State Bank of India (SBI) has launched a TAB-based digital onboarding process for Non-Resident Indians (NRIs) to facilitate the opening of NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts.

Detailed Explanation:

Purpose and Availability: The initiative aims to streamline the account opening process, offering it across SBI branches in India and select foreign offices.

Paperless and Efficient: The process eliminates the need for physical paperwork, utilizing digital tools to verify documents and speed up the account opening.

Account Types for NRIs: NRIs can open accounts denominated in Indian Rupees (NRE/NRO) or Foreign Currency, including FCNR (B) accounts in USD, EURO, GBP, CAD, JPY, and AUD.

8) Answer: D

Short Explanation:

Union Labour Minister Mansukh Mandaviya announced that the Employees Provident Fund Organisation (EPFO) will introduce its revamped software system, EPFO 3.0, by June 2025.

Detailed Explanation:

Union Labour Minister Mansukh Mandaviya announced that the Employees Provident Fund Organisation (EPFO) will introduce its revamped software system, EPFO 3.0, by June 2025.

The initiative aims to modernize the organisation’s operations, enhance user experience, and bring it on par with Indias advanced banking systems.

Implementation Timeline

Phase 1:

Upgrade of the website and systems to be completed by January 2025.

Phase 2:

Launch of EPFO 3.0 by March 2025, offering the core functionalities.

Full Rollout:

Complete implementation, including ATM card issuance, by June 2025.

9) Answer: C

Short Explanation:

Prime Minister Narendra Modi inaugurated a series of transformative infrastructure and redevelopment projects in Delhi.

The initiatives focus on urban renewal, affordable housing, and educational advancements, emphasizing the government’s commitment to improving the Ease of Living for Delhi residents.

Detailed Explanation:

Prime Minister Narendra Modi inaugurated a series of transformative infrastructure and redevelopment projects in Delhi.

The initiatives focus on urban renewal, affordable housing, and educational advancements, emphasizing the government’s commitment to improving the Ease of Living for Delhi residents.

Urban Redevelopment Projects

World Trade Centre (WTC), Nauroji Nagar

A significant urban renewal project aimed at boosting commercial infrastructure.

GPRA Type-II Quarters, Sarojini Nagar

Residential accommodations for government employees, enhancing their quality of life.

Housing for Slum Dwellers

1,675 Flats under the In-Situ Slum Rehabilitation Project

Flats in Swabhiman Apartments, Ashok Vihar, constructed for Jhuggi Jhopri (JJ) cluster dwellers.

Education Infrastructure

Veer Savarkar College, Najafgarh

Foundation stone laid for a new college, part of a ₹600 crore investment to boost Delhi’s educational infrastructure.

10) Answer: C

Short Explanation:

The Central Government is nearing approval for the construction of three new greenfield airports in Parandur (Tamil Nadu), Kota (Rajasthan), and Puri (Odisha).

India has 159 operational airports, combining both brownfield and greenfield projects.

Detailed Explanation:

The Central Government is nearing approval for the construction of three new greenfield airports in Parandur (Tamil Nadu), Kota (Rajasthan), and Puri (Odisha).

These projects, which are at the second stage of approval under the Greenfield Airports (GFA) Policy, will significantly enhance regional connectivity and economic development.

Projects have cleared the “site clearance” stage and await “in-principle” approval to initiate land acquisition and other groundwork.

The Ministry of Civil Aviation (MoCA) is coordinating with the Indian Meteorological Department (IMD), Home Ministry, and Defence Ministry for the final nod.

Since the GFA policy’s inception, 21 greenfield airport projects have been approved, with 12 already operational.

Notable operational examples include Mopa (Goa), Jewar (Noida), and Kushinagar (Uttar Pradesh).

India has 159 operational airports, combining both brownfield and greenfield projects.

11) Answer: B

Short Explanation:

The new tourist tax in Russia came into effect on January 1, 2025, replacing the previous resort fee.

Detailed Explanation:

The new tourist tax in Russia came into effect on January 1, 2025, replacing the previous resort fee.

Tax Rate:

Initial tax rate: 1% of lodging costs in 2025.

Gradual increase: 3% by 2027.

Minimum daily charge: 100 rubles (approx. $0.9).

Purpose: The tax aims to bolster regional tourism infrastructure as part of amendments to the Russian Tax Code introduced in July 2024, under the new chapter titled “Tourist Tax.”

Regional Implementation: The tax is a local levy at the discretion of regional authorities. Many regions, particularly those with strong tourism sectors, have adopted it.

12) Answer: C

Short Explanation:

Himachal Pradesh Institute of Public Administration (HIPA) will be renamed in honor of former Prime Minister Manmohan Singh, as announced by Chief Minister Sukhvinder Singh Sukhu during the institute’s 50th-anniversary celebrations.

The renaming serves as a tribute to Manmohan Singh, who passed away on December 26, 2024, at the age of 92.

Detailed Explanation:

The renaming serves as a tribute to Manmohan Singh, who passed away on December 26, 2024, at the age of 92.

Manmohan Singh served as India’s Prime Minister for two terms, from 2004 to 2014.

Manmohan Singh retired from active politics in April 2024 after completing his term in the Rajya Sabha.

A coffee-table book, published by HIPA, was launched by CM Sukhu during the 50th-anniversary event.

13) Answer: D

Short Explanation:

The Uttarakhand Forest Department has developed an ethnobotanical garden, named “Mahabharata Vatika”, in Haldwani, spread over one acre of land.

The garden showcases 37 plant species mentioned in 18 sections of the Mahabharata, emphasizing its ecological and environmental knowledge.

Detailed Explanation:

The Uttarakhand Forest Department has developed an ethnobotanical garden, named “Mahabharata Vatika”, in Haldwani, spread over one acre of land.

The garden showcases 37 plant species mentioned in 18 sections of the Mahabharata, emphasizing its ecological and environmental knowledge.

The epic contains hymns on the importance of planting trees, creating water bodies, and protecting tigers, reflecting ancient environmental awareness.

In addition to the “Mahabharata Vatika,” the forest department has also set up a “Ramayana Vatika” in Haldwani, focusing on plant species mentioned in the Ramayana.

Chief Conservator of Forests, Sanjeev Chaturvedi, is overseeing these initiatives to blend environmental education with cultural heritage.

14) Answer: B

Short Explanation:

Chhattisgarh has introduced a plan that connects the ecosystem services provided by its forests to the Green Gross Domestic Product (Green GDP), marking a first in the state.

Detailed Explanation:

Chhattisgarh has introduced a plan that connects the ecosystem services provided by its forests to the Green Gross Domestic Product (Green GDP), marking a first in the state.

Purpose: The initiative aims to highlight the direct link between the environmental contributions of forests (clean air, water conservation, biodiversity) and the state’s economic progress.

Forests’ Significance:44% of Chhattisgarh’s land is covered by forests, making its natural resources vital to the livelihoods of millions.

Forest products like tendu leaves, lac, honey, and medicinal plants significantly contribute to the rural economy.

15) Answer: D

Short Explanation:

Blinkit, a quick-commerce platform, has introduced a 10-minute ambulance service in select areas of Gurgaon.

Testing Phase: Currently operational with five ambulances, the service is in its pilot stage.

Detailed Explanation:

Blinkit, a quick-commerce platform, has introduced a 10-minute ambulance service in select areas of Gurgaon.

Testing Phase: Currently operational with five ambulances, the service is in its pilot stage.

Affordable and Non-Profit Model: CEO Albinder Dhindsa emphasized that the initiative aims to solve a critical problem, with profit not being the focus.

Equipped Ambulances: The ambulances are outfitted with basic medical equipment to address immediate healthcare needs.

Expansion Plans: Blinkit aims to scale the service nationwide over the next two years, targeting all major cities.

16) Answer: D

Short Explanation:

The government has constituted an 18-member working group, led by NITI Aayog Member Ramesh Chand, to revise the Wholesale Price Index (WPI) base year from 2011-12 to 2022-23.

Detailed Explanation:

The government has constituted an 18-member working group, led by NITI Aayog Member Ramesh Chand, to revise the Wholesale Price Index (WPI) base year from 2011-12 to 2022-23.

This update is part of a regular revision process to reflect changes in the economy and ensure a realistic representation of price trends.

Propose a new commodity basket for WPI and Producer Price Index (PPI) considering structural economic changes.

Evaluate and recommend improvements to the price collection process.

Determine the best methodology for compiling WPI and PPI.

Recommend a roadmap for transitioning from WPI to PPI for better price tracking.

17) Answer: E

Short Explanation:

President Joe Biden has awarded the Presidential Citizens Medal, the second-highest civilian honour in the United States, to 20 individuals, including members of the congressional committee that investigated the January 6, 2021, Capitol attack.

The awards were presented during a ceremony at the White House.

Detailed Explanation:

The awards were presented during a ceremony at the White House.

Honourees

Committee Members:

Bennie Thompson (Democrat, Louisiana): Chair of the January 6 Committee, recognized for his ‘lifelong dedication to safeguarding the Constitution.’

Liz Cheney (Former Republican Representative, Wyoming): Vice Chair of the Committee, applauded for prioritizing the American people over party politics.

Other Awardees:

Same-Sex Marriage Activist: Recognized for advocating marriage equality in the U.S.

Military Doctor: Honored for advancements in battlefield trauma care.

Civil Rights Leader: Credited with paving the way for desegregation.

18) Answer: B

Short Explanation:

Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ PSU under the Ministry of Power, has signed a significant green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC).

Loan Details:

Currency: Japanese yen (JPY)

Amount: Equivalent to $200 million, with an additional green shoe option of $150 million.

Detailed Explanation:

The agreement was finalized, at GIFT City, Gandhinagar, Gujarat, marking a pivotal step in India’s renewable energy journey.

Loan Details:

Currency: Japanese yen (JPY)

Amount: Equivalent to $200 million, with an additional green shoe option of $150 million.

Development of renewable energy infrastructure, including evacuation and integration into the national grid.

Enhancing grid reliability while adhering to environmental, social, and governance (ESG) standards.

19) Answer: D

Short Explanation:

Uttarakhand government signed a Memorandum of Understanding (MoU) with the Indo-Tibetan Border Police (ITBP) to promote tourism in the border areas of the state.

This agreement allows the use of ITBP’shelipads for tourism-related activities, enhancing accessibility to otherwise hard-to-reach locations.

Detailed Explanation:

Uttarakhand government signed a Memorandum of Understanding (MoU) with the Indo-Tibetan Border Police (ITBP) to promote tourism in the border areas of the state.

This agreement allows the use of ITBP’shelipads for tourism-related activities, enhancing accessibility to otherwise hard-to-reach locations.

The agreement was signed by officials from the Uttarakhand Tourism Development Board and ITBP.

The initiative will expand heli-services to border areas where tourist destinations, such as Adi Kailash, Om Parvat, and Timmarsain Mahadev, are located.

These religious sites, situated on the Uttarakhand border, have inaccessible roads, making heli-services crucial for attracting tourists.

20) Answer: B

Short Explanation:

Arif Mohammad Khan was sworn in as the 42nd Governor of Bihar, succeeding Rajendra Vishwanath Arlekar, who was appointed Kerala Governor.

The oath of office was administered by Patna High Court Chief Justice K. Vinod Chandran at the Raj Bhawan in Patna.

Detailed Explanation:

Arif Mohammad Khan was sworn in as the 42nd Governor of Bihar, succeeding Rajendra Vishwanath Arlekar, who was appointed Kerala Governor.

The oath of office was administered by Patna High Court Chief Justice K. Vinod Chandran at the Raj Bhawan in Patna.

The ceremony was attended by Bihar Chief Minister Nitish Kumar, Deputy CM Samrat Chaudhary, and other key political figures, including Leader of the Opposition Tejashwi Yadav.

Khan takes charge of Bihar’s Raj Bhawan at a critical time, with the state assembly elections expected in October or November 2024.

21) Answer: B

Short Explanation:

Rajendra Vishwanath Arlekar was sworn in as the 23rd Governor of Kerala on January 2, 2025.

Arlekar replaced Arif Mohammed Khan as the Governor of Kerala.

Detailed Explanation:

Rajendra Vishwanath Arlekar was sworn in as the 23rd Governor of Kerala on January 2, 2025.

The oath was administered by Kerala High Court Chief Justice Nitin Madhukar Jamdar at a ceremony held at Raj Bhavan in Thiruvananthapuram.

Arlekar replaced Arif Mohammed Khan as the Governor of Kerala.

The swearing-in ceremony was attended by Chief Minister Pinarayi Vijayan, Leader of the Opposition V.D. Satheesan, senior political leaders, government functionaries, and Arlekar’s family members.

Arlekar took the oath in the traditional Kerala attire and in the name of God.

22) Answer: E

Short Explanation:

Pakistan began its two-year tenure as a non-permanent member of the United Nations Security Council (UNSC) on January 1, 2025.

Number of Terms: This is the eighth time Pakistan has held a non-permanent seat on the UNSC, with previous terms in 1952-53, 1968-69, 1976-77, 1983-84, 1993-94, 2003-04, and 2012-13.

Detailed Explanation:

Pakistan began its two-year tenure as a non-permanent member of the United Nations Security Council (UNSC) on January 1, 2025.

Ambassador Munir Akram emphasized that Pakistan will take an “active and constructive” role in addressing global challenges during its term.

Number of Terms: This is the eighth time Pakistan has held a non-permanent seat on the UNSC, with previous terms in 1952-53, 1968-69, 1976-77, 1983-84, 1993-94, 2003-04, and 2012-13.

Election Results: In June 2024, Pakistan was elected to the UNSC with 182 votes in the 193-member General Assembly, well above the required 124 votes for a two-thirds majority.

Replaced Japan: Pakistan replaces Japan, which held the Asian seat in the UNSC, for the 2025-26 term.

23) Answer: C

The United Nations Security Council (UNSC) consists of 15 members, including the five permanent members with veto power (USA, Russia, China, UK, and France) and ten non-permanent members.

Non-Permanent Members for 2024-25: Along with the new members (Pakistan, Denmark, Greece, Panama, and Somalia), the non-permanent members for the 2024-25 term are Algeria, Guyana, South Korea, Sierra Leone, and Slovenia.

24) Answer: B

There are 97 HFCs in the country, while deposit-taking NBFCs, including HFCs, are only 26.

Additionally, HFCs have now been permitted to participate in credit default swaps (CDS) markets as users only.

25) Answer: A

About MFIN :

Founded : 2009

Location :Gurgaon, Haryana, India

Chairperson : Manoj Kumar Nambiar

CEO : Alok Misra

This post was last modified on January 6, 2025 7:07 pm

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Daily Current Affairs Quiz – 04th January 2025

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