Topic-01: RBI Launches Podcast Series for Public Communication.
- What is the primary goal of the RBI’s new podcast series?
a) Promote RBI policies internationally
b) Enhance financial literacy
c) Introduce new banking services
d) Provide job opportunities in the banking sector
Answer: b) Enhance financial literacy
Explanation: The podcast aims to improve public communication and financial literacy by providing clear information on monetary policies.
- What change has the RBI made to the Cash Reserve Ratio (CRR)?
a) Increased it to combat inflation
b) Reduced it to inject liquidity
c) Eliminated it entirely
d) Maintained it at the previous level
Answer: b) Reduced it to inject liquidity
Explanation: The CRR reduction is aimed at increasing liquidity to support banking growth and economic stability.
- In which language has the RBI released financial literacy booklets?
a) Hindi
b) English
c) Santali (Ol Chik)
d) Bengali
Answer: c) Santali (Ol Chik)
Explanation: The RBI released financial booklets in Santali to promote financial education in rural and underserved areas.
- What does the FREE-AI committee focus on?
a) Developing AI-powered banking apps
b) Managing AI-related risks in finance
c) Increasing the use of AI in banks
d) Reducing AI-related costs in banking
Answer: b) Managing AI-related risks in finance
Explanation: FREE-AI stands for Framework for Responsible and Ethical Enablement of AI, which ensures responsible AI use in the financial sector.
- What type of financial resources is the RBI targeting for rural areas?
a) High-interest loans
b) Digital payment platforms
c) Multilingual educational resources
d) Microfinance institutions
Answer: c) Multilingual educational resources
Explanation: The RBI is developing resources in multiple languages to promote financial literacy in rural and underserved areas.
- What is the purpose of the RBI exploring machine learning technologies?
a) Enhance digital fraud prevention
b) Increase loan approval speeds
c) Replace human employees in banks
d) Improve customer service through chatbots
Answer: a) Enhance digital fraud prevention
Explanation: Machine learning technologies are being investigated to strengthen the financial system and combat digital fraud.
- What does CRR stand for in banking terminology?
a) Cash Reserve Ratio
b) Credit Risk Rate
c) Current Reserve Requirement
d) Customer Retention Ratio
Answer: a) Cash Reserve Ratio
Explanation: CRR refers to the percentage of a bank’s deposits that must be held with the central bank to manage liquidity and inflation.
- Who are the primary target audiences for the RBI’s financial booklets?
a) Corporate executives
b) Urban youth and professionals
c) Children, farmers, entrepreneurs, and senior citizens
d) Politicians and lawmakers
Answer: c) Children, farmers, entrepreneurs, and senior citizens
Explanation: These groups are the focus of the RBI’s efforts to promote financial education.
- What is the primary objective of monetary policy as defined in the text?
a) To increase banking profits
b) To control inflation and stabilise currency
c) To regulate foreign investments
d) To encourage export-oriented growth
Answer: b) To control inflation and stabilise currency
Explanation: Monetary policy actions aim to manage the money supply and interest rates to achieve macroeconomic stability.
- Which Indian community benefits from the RBI’s Santali language initiatives?
a) Santal people
b) Bhil people
c) Munda people
d) Gond people
Answer: a) Santal people
Explanation: Santali is the language of the Santal community, and the RBI’s initiatives aim to enhance financial literacy among them.
Topic-02: Mysterious Dark Ovals Discovered on Jupiter.
- Where are the Earth-sized dark ovals primarily observed on Jupiter?
a) Equator
b) Near the poles
c) At the Great Red Spot
d) At the moons of Jupiter
Answer: b) Near the poles
Explanation: These UV-dark ovals are located in the haze layers near Jupiter’s poles, particularly around the south pole.
- What makes the dark ovals on Jupiter visible in Hubble images?
a) Reflection of sunlight
b) Their UV-light absorption
c) Infrared radiation emission
d) Their high temperature
Answer: b) Their UV-light absorption
Explanation: The dark ovals absorb ultraviolet light, making them appear dark in UV images captured by the Hubble Space Telescope.
- What phenomenon is linked to the formation of these dark ovals?
a) Magnetic tornadoes
b) Chemical reactions in the ionosphere
c) Aurora borealis
d) High-altitude lightning
Answer: a) Magnetic tornadoes
Explanation: Magnetic tornadoes, caused by friction between Jupiter’s magnetic field lines, contribute to the formation of dark ovals.
- Which polar region of Jupiter has a higher frequency of dark oval appearances?
a) North pole
b) South pole
c) Equatorial regions
d) Both poles equally
Answer: b) South pole
Explanation: Dark ovals appear about 75% of the time near the south pole, compared to only 12.5% at the north pole.
- How long does it take for a dark oval to form and disappear?
a) Months to years
b) A few days to weeks
c) A month to several weeks
d) Instantly to hours
Answer: c) A month to several weeks
Explanation: The ovals take about a month to form and disappear within weeks, indicating dynamic atmospheric changes.
- What is unique about the haze in the dark ovals compared to surrounding areas?
a) It is thinner
b) It is 50 times thicker
c) It is highly reflective
d) It emits UV radiation
Answer: b) It is 50 times thicker
Explanation: The haze within the dark ovals is 50 times thicker, highlighting the influence of vortex dynamics.
- What is the significance of Jupiter’s moon Io in the formation of these ovals?
a) It reflects sunlight to create the ovals
b) It influences the plasma sheet around Jupiter
c) It produces magnetic tornadoes directly
d) It orbits close to the UV ovals
Answer: b) It influences the plasma sheet around Jupiter
Explanation: Io contributes to the plasma sheet dynamics, which interact with Jupiter’s magnetic field to generate magnetic tornadoes.
- What is the Outer Planet Atmospheres Legacy (OPAL)?
a) A mission to explore Jupiter’s moons
b) A project to track atmospheric changes on gas giants
c) A satellite monitoring volcanic activity on Io
d) A study focusing on UV light absorption in exoplanets
Answer: b) A project to track atmospheric changes on gas giants
Explanation: OPAL is a long-term project aimed at studying atmospheric changes in giant planets like Jupiter.
- How many times has the southern UV-dark oval (SUDO) been observed from 1994 to 2022?
a) Twice
b) Eight times
c) Twelve times
d) Twenty-five times
Answer: b) Eight times
Explanation: The SUDO has been observed eight times in this period, providing crucial insights into its occurrence and properties.
- What do the dark UV ovals reveal about Jupiter’s atmosphere?
a) Chemical reactions dominate its dynamics
b) Atmospheric structure is influenced by vortex dynamics
c) There is a lack of magnetic field interaction
d) UV ovals form only during volcanic eruptions
Answer: b) Atmospheric structure is influenced by vortex dynamics
Explanation: The dense haze and thick structures suggest that vortex dynamics, rather than chemical reactions, drive the formation of these ovals.
Topic-03: Armed Forces Flag Day Observed on December 07.
- When is Armed Forces Flag Day observed annually in India?
a) January 26
b) December 7
c) August 15
d) October 2
Answer: b) December 7
Explanation: Armed Forces Flag Day is commemorated annually on December 7th to honour the bravery and sacrifices of Indian soldiers.
- In which year was Armed Forces Flag Day initiated?
a) 1947
b) 1949
c) 1950
d) 1965
Answer: b) 1949
Explanation: Armed Forces Flag Day was initiated in 1949 by the Government of India to support the welfare of veterans and their families.
- What is the primary purpose of Armed Forces Flag Day?
a) To celebrate national holidays
b) To honour soldiers and raise funds for their welfare
c) To recruit for the armed forces
d) To conduct military parades
Answer: b) To honour soldiers and raise funds for their welfare
Explanation: The day is dedicated to recognising the contributions of armed forces personnel and raising funds for their welfare and that of their families.
- What is the significance of the flag distributed on Armed Forces Flag Day?
a) It represents the soldiers’ achievements in wars
b) It symbolises solidarity and support for the armed forces
c) It is a sign of national festivals
d) It indicates military service completion
Answer: b) It symbolises solidarity and support for the armed forces
Explanation: The flag represents public solidarity and support for military personnel and veterans.
- Who urged citizens to donate to the Armed Forces Flag Day Fund in 2024?
a) President Droupadi Murmu
b) Prime Minister Narendra Modi
c) Defence Minister Rajnath Singh
d) Both b and c
Answer: d) Both b and c
Explanation: Both Prime Minister Narendra Modi and Defence Minister Rajnath Singh emphasised the importance of public contributions to the Armed Forces Flag Day Fund.
- What type of events are commonly organised on Armed Forces Flag Day?
a) Military recruitment drives
b) Cultural festivals
c) Parades, flag distributions, and community gatherings
d) Sports competitions
Answer: c) Parades, flag distributions, and community gatherings
Explanation: Activities like parades and flag distributions aim to raise awareness and encourage donations for soldiers and their families.
- Which fund is associated with Armed Forces Flag Day?
a) National Defence Fund
b) Prime Minister’s Relief Fund
c) Armed Forces Flag Day Fund
d) Indian Army Benevolent Fund
Answer: c) Armed Forces Flag Day Fund
Explanation: The Armed Forces Flag Day Fund collects donations to support welfare schemes for veterans and their families.
- What are the benefits provided through welfare schemes for armed forces personnel?
a) Housing loans
b) Financial assistance and healthcare
c) Free education
d) Job placements
Answer: b) Financial assistance and healthcare
Explanation: Welfare schemes offer financial assistance and healthcare to support the well-being of veterans and their families.
- Which key message is promoted by Armed Forces Flag Day?
a) Celebration of festivals
b) National defence policies
c) Gratitude and respect for soldiers’ sacrifices
d) Technological advancements in defence
Answer: c) Gratitude and respect for soldiers’ sacrifices
Explanation: The day fosters a sense of gratitude and respect for the sacrifices made by the armed forces.
- How does Armed Forces Flag Day promote national unity?
a) By organising international events
b) Through military recruitment
c) By encouraging citizens to actively support the armed forces
d) By distributing government funds
Answer: c) By encouraging citizens to actively support the armed forces
Explanation: Armed Forces Flag Day strengthens the bond between citizens and the military, promoting unity and appreciation for soldiers’ efforts.