Daily Current Affairs Prelims Quiz 20-06-2025 (Online Prelims Test)
1) Consider the following statements regarding the Contingency Risk Buffer (CRB) of the Reserve Bank of India (RBI) and its Central Board:
The Contingency Risk Buffer (CRB) is a specific provision fund maintained by the RBI to address unforeseen contingencies, and its percentage of the balance sheet is determined by the Government of India.
According to the Bimal Jalan Committee's recommendations, the CRB is currently maintained within a range of 5.5% to 6.5% of the RBI's balance sheet.
An increase in the CRB typically leads to a higher amount of surplus transferred by the RBI to the Government of India.
The RBI's Central Board of Directors, responsible for the Bank's affairs, includes a maximum of 4 Deputy Governors and 10 Directors nominated by the Government from various fields.
Which of the statements given above are correct?
a.
b.
c.
d.
Answer : b
Answer: (b)
Explanation:
Statement 1 is incorrect. While the CRB is a specific provision fund for unforeseen contingencies, its percentage of the balance sheet is determined by the RBI's Central Board, not the Government of India.
Statement 2 is correct. The text explicitly states, "Current CRB – It is maintained at 5.5-6.5% of the RBI’s balance sheet, in accordance with the recommendations of the Bimal Jalan committee."
Statement 3 is incorrect. The text states, "A higher risk buffer would mean a lower amount of transferable surplus and vice versa." Therefore, an increase in CRB leads to a lower surplus transfer.
Statement 4 is correct. The text mentions the composition of the Central Board: "Official Directors - Full-time: Governor and not more than 4 Deputy Governors" and "Non-Official Directors - Nominated by Government: 10 Directors from various fields".
2) With reference to "Post-retirement commercial employment" for government servants in India, which of the following statements is/are correct?
Government permission is mandatory for such employment if taken up within one year of leaving office.
The rules governing this are uniform across all Central Civil Services and All India Services.
Non-compliance with these rules can lead to forfeiture of pension benefits.
Select the correct answer using the code given below
a.
b.
c.
d.
Answer : b
Answer: (b)
Explanation:
Statement 1 is correct: The text states, "Government permission is to be sought for post-retirement commercial employment if the job is taken up within 1 year of leaving office."
Statement 2 is incorrect: The text mentions two different sets of rules: "All India Services (Death-cum-Retirement Benefits) Rules, 1958 governs for all the 3 AIS (IAS, IPS and IFoS)" and "Central Civil Services (pension) rules govern for all the Central Civil Services." This indicates that the rules are not uniform across all services.
Statement 3 is correct: The text states, "Non-compliance with these rules can lead to the government declaring that the employee shall not be entitled to the whole or such part of the pension and for such period as may be specified."
3) Consider the following statements regarding the GRAIL mission's methodology:
It utilized two identical orbiters to measure distance variations caused by gravitational anomalies.
The measurements were precise enough to infer the Moon's internal mass distribution.
The mission primarily used seismic waves to map the lunar interior.
Which of the statements given above is/are correct?
a.
b.
c.
d.
Answer : b
Answer: (b)
Explanation:
Statement 1 is correct: The text states, "It is launched in 2011 with two identical orbiters, GRAIL-A and GRAIL-B... Method – By measuring distance variations between spacecrafts caused by gravitational anomalies."
Statement 2 is correct: The text states, "These measurements, accurate to within a micron, allowed scientists to infer the Moon's internal mass distribution."
Statement 3 is incorrect: The text mentions "gravitational anomalies" and "gravitational map," not seismic waves, as its primary method.
4) The Narayanpatna goat, sometimes seen in the news, is an indigenous breed primarily found in which of the following geographical regions of India?
a.
b.
c.
d.
Answer : b
Answer: (b)
Explanation:
The provided text explicitly states: "The Narayanpatna goat, native to Odisha's Eastern Ghats, is valued for its disease resistance and climate resilience..." This directly indicates its primary geographical region of origin and presence.
5) Consider the following statements regarding the Tanot Mata Temple:
It is an ancient Hindu temple dedicated to a manifestation of goddess Durga.
It is managed by the Border Security Force (BSF).
Victory over Pakistan is commemorated annually at the temple on December 16th.
Which of the statements given above are correct?
a.
b.
c.
d.
Answer : b
Answer: (b)
Explanation:
Statement 1 is incorrect: The temple is dedicated to "Tanot Rai, considered a manifestation of the goddess Hinglaj Mata," not Durga.
Statement 2 is correct: The text states, "Following the 1971 war, the Border Security Force (BSF) took over the temple's management."
Statement 3 is correct: The text mentions, "victory over Pakistan is commemorated annually on December 16th."
