07-Dec-24: UPSC Current Affairs Daily Quiz

Consider the following with reference to ‘The Cabinet Committee on Economic Affairs (CCEA)’:

1. The Cabinet Committee on Economic Affairs is chaired by the Finance Minister.
2. The approval of Foreign Direct Investment (FDI) fall under the purview of the CCEA.
3. The Cabinet Secretariat in relation to the CCEA serves as a coordinating agency to the CCEA.
4. Article 280 of the Constitution of India enables the formation of Cabinet Committees like the CCEA.

How many of the above is/are correct?

Which of the following is the most common source of silica in the Earth's crust?

Consider the following with reference to ‘The Lok Sabha’:

1. The Article 83 of the Indian Constitution provides for the dissolution of the Lok Sabha.
2. 1/5th of the total membership is the quorum required to conduct a meeting of the Lok Sabha.
3. Members of the Lok Sabha are directly elected by the Electoral college.

How many of the above is/are correct?

Which of the following statements are correct in respect of the repo rates:

1. The repo rate is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks.
2. The repo rate is reviewed and decided by the Ministry of Finance.
3. Short-term lending rates of commercial banks is directly affected by changes in the repo rate.

Select the answer using the code given below:

Which committee recommended the formation of the Reserve Bank of India?

Consider the following statements regarding the Hornbill Festival:

1. Organised by the Union government, it is the largest public event in Nagaland.
2. It is an annual tradition that aims to boost tourism by showcasing Naga heritage and culture.
3. It acts as an umbrella of the major festivals celebrated by the 14 recognised Naga tribes in the state

How many of the above statements are correct?

Which of the following statements is NOT correct about Special Leave Petitions (SLPs) in the Supreme Court of India?

The BPaLM regimen consisting of four-drug combination is used for the treatment of …

Consider the following statements regarding PRAGATI Platform:

1. It is an initiative by the Ministry of Electronics and Information Technology to monitor and review public grievances and projects across India.
2. It facilitates interaction between the Prime Minister, Union Secretaries, and Chief Secretaries of States to resolve issues in governance and project implementation.

Which of the statements above is/are correct?

Consider the following statements regarding Cash Reserve Ratio (CRR):

1. CRR is the percentage of a commercial bank’s total deposits that it must maintain with the Reserve Bank of India (RBI) in the form of cash reserves.
2. A decrease in the CRR leads to a reduction in the liquidity available in the banking system.
3. RBI can increase the CRR to control inflation.

How many of the above statements are correct?