March 05, 2025 Current Affairs (English)

March 05, 2025 Current Affairs (English)

1. According to Arvind Panagariya, at what per capita income level should India consider full capital account convertibility?

A) $2,000 – $4,000
B) $5,000 – $7,000
C) $8,000 – $10,000
D) $12,000 – $15,000

Answer: C) $8,000 – $10,000

2. What is the current status of India’s capital account convertibility?

A) Fully convertible
B) Fully restricted
C) Partially regulated
D) No restrictions for Indian residents

Answer: C) Partially regulated

3. Under the Liberalized Remittance Scheme (LRS), how much can an Indian resident remit annually for purchasing foreign assets?

A) $100,000
B) $250,000
C) $500,000
D) $1,000,000

Answer: B) $250,000

4. Why does the Kerala Government oppose offshore mining along its coast?

A) It will lead to a decline in tourism revenue
B) It could cause marine resource destruction and impact fishermen’s livelihoods
C) It will lead to an increase in the population of marine species
D) It will promote the growth of the local economy

Answer: B) It could cause marine resource destruction and impact fishermen’s livelihoods

5. What is a key provision of the 2023 amendment to the Offshore Areas Mineral (Development and Regulation) Act, 2002?

A) Offshore mineral rights will be granted through direct allocation to private companies
B) Mining leases will be given for an unlimited period
C) The amendment allows private participation in deep-sea mineral exploration and mining
D) All mineral extraction activities will be restricted to government entities

Answer: C) The amendment allows private participation in deep-sea mineral exploration and mining

6. According to the Supreme Court’s 1996 T.N. Godavarman judgment, how should forests be identified?

A) Only based on government ownership
B) Only lands legally declared as forests
C) Based on their dictionary meaning, irrespective of ownership
D) Only areas designated as forests after 1980

Answer: C) Based on their dictionary meaning, irrespective of ownership

7. What constitutional provision emphasizes the duty of citizens to protect and improve forests?

A) Article 21
B) Article 39
C) Article 51A (G)
D) Article 368

Answer: C) Article 51A (G)

8. What was a major concern regarding the 2023 amendments to the Forest Conservation Act?

A) It increases the forest area coverage
B) It excludes approximately 1.97 lakh sq. km. from forest coverage
C) It provides more protection to private forests
D) It abolishes compensatory afforestation requirements

Answer: B) It excludes approximately 1.97 lakh sq. km. from forest coverage

9. Why did the Supreme Court criticize RERA’s performance?

A) RERA has successfully regulated the real estate sector
B) It has failed to protect homebuyers and effectively regulate the sector
C) RERA imposed excessive penalties on developers
D) The real estate market has grown significantly under RERA

Answer: B) It has failed to protect homebuyers and effectively regulate the sector

10. What is the minimum project size that requires mandatory registration under RERA?

A) 200 sq. meters or more than 4 apartments
B) 300 sq. meters or more than 6 apartments
C) 500 sq. meters or more than 8 apartments
D) 1000 sq. meters or more than 12 apartments

Answer: C) 500 sq. meters or more than 8 apartments

11. What penalty can be imposed on a promoter for violating RERA regulations?

A) Fine up to 5% of project cost
B) Immediate cancellation of the project
C) Ban from future real estate projects
D) Lifetime imprisonment

Answer: A) Fine up to 5% of project cost

12. What was the main reason for the decline in India’s agricultural trade surplus in 2023-24?

A) A sharp decline in global demand for Indian agricultural products
B) A rise in agricultural imports by 18.7%
C) Complete ban on all agricultural exports
D) Lack of government support for farmers

Answer: B) A rise in agricultural imports by 18.7%

13. Which agricultural export from India has almost stopped due to government restrictions?

A) Basmati Rice
B) Cotton
C) Wheat
D) Coffee

Answer: C) Wheat

14. What initiative is the Indian government taking to boost agricultural exports?

A) Increasing import duties on all agricultural products
B) Promoting organic farming and GI-tagged products
C) Banning the export of all spices and processed foods
D) Restricting basmati rice exports

Answer: B) Promoting organic farming and GI-tagged products

15. What key ruling did the Supreme Court make regarding visually impaired candidates?

A) They are not eligible for judicial services
B) They must undergo special exams to qualify
C) They are eligible to participate in the selection process for judicial services
D) They can only apply for administrative posts in the judiciary

Answer: C) They are eligible to participate in the selection process for judicial services

16. How many disabilities are recognized under the Rights of Persons with Disabilities (RPwD) Act, 2016?

A) 7
B) 14
C) 21
D) 30

Answer: C) 21

17. What percentage of reservation is mandated for persons with disabilities in government jobs under the RPwD Act, 2016?

A) 2%
B) 3%
C) 4%
D) 5%

Answer: C) 4%

18. According to NITI Aayog’s report, what was the percentage increase in women actively monitoring their credit scores?

A) 25%
B) 36%
C) 42%
D) 50%

Answer: C) 42%

19. Which government initiative provides collateral-free loans for women entrepreneurs between ₹10 lakh and ₹1 crore?

A) Pradhan Mantri Jan Dhan Yojana (PMJDY)
B) Pradhan Mantri Mudra Yojana (PMMY)
C) Stand-Up India Scheme
D) PM SVANidhi Yojana

Answer: C) The Stand-Up India Scheme

20. What percentage of MSMEs in India are now women-owned?

A) 25%
B) 30%
C) 40%
D) 50%

Answer: C) 40%