1. What is the focus of LIC’s stake acquisition approved by its board?
- Renewable energy projects
- Residential mortgage-backed securities
- Information Technology startups
- Agricultural initiatives
Show Answer
Correct Answer: Residential mortgage-backed securities
LIC’s stake acquisition targets the residential mortgage-backed securities sector.
2. Why did the RBI issue a no objection letter to PFC for its venture in setting up a finance company in GIFT City?
- To focus on power generation projects
- To expand into the real estate sector
- To support agricultural projects
- To enhance PFC’s position in the financial sector
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Correct Answer: To enhance PFC’s position in the financial sector
The move is anticipated to enhance PFC’s position in the financial sector.
3. What is the significance of India chairing the UNESCO World Heritage Committee and hosting the 46th session in New Delhi?
- Promoting global cooperation in space exploration
- Enhancing global cooperation in cultural and natural heritage conservation
- Advocating for global economic policies
- Leading initiatives in climate change research
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Correct Answer: Enhancing global cooperation in cultural and natural heritage conservation
It highlights India’s growing influence and commitment to global cultural and natural heritage conservation.
4. What does Gensol Engineering’s Rs 2,000 crore investment in an Electric Vehicle (EV) manufacturing plant in Gujarat signify?
- A focus on renewable energy projects
- Expansion into the pharmaceutical industry
- A commitment to sustainable growth
- Support for information technology startups
Show Answer
Correct Answer: A commitment to sustainable growth
It signifies a commitment to sustainable growth and serves as a catalyst for economic growth in the region.
5. What progress has been made regarding the IISc’s Covid-19 vaccine?
- Clinical trials completed
- Human testing initiated
- Pre-clinical trials concluded
- Vaccine production started
Show Answer
Correct Answer: Pre-clinical trials concluded
The IISc’s scientific team has successfully completed pre-clinical trials, marking a crucial step before human testing.
6. What is the primary focus of the ILO’s World Employment and Social Outlook Report for 2024?
- Economic growth
- Inflation control
- Job quality
- Technological advancement
Show Answer
Correct Answer: Economic growth
The ILO report emphasizes the need for governments to prioritize quality job creation and strengthen social safety nets.
7. Why is 2023 considered the hottest year on record globally?
- Impact of El Niño
- Human fossil fuel emissions
- Greenhouse gas reductions
- Ongoing climate change initiatives
Show Answer
Correct Answer: Human fossil fuel emissions
Despite El Niño playing a role, human fossil fuel emissions are identified as the main contributor to the extreme heat in 2023.
8. What is the main threat highlighted in the news about the first polar bear death from bird flu?
- Melting ice caps
- Overfishing
- Highly pathogenic avian influenza
- Climate change adaptation
Show Answer
Correct Answer: Highly pathogenic avian influenza
The main threat is the highly pathogenic avian influenza (HPAI) affecting polar bear populations due to scavenging infected bird carcasses.
9. What is the focus of the Ugram assault rifle developed by DRDO for the Indian Armed Forces?
- Long-range artillery
- Air-to-air combat
- Nuclear warfare
- Enhanced reliability and accuracy
Show Answer
Correct Answer: Enhanced reliability and accuracy
The Ugram assault rifle is designed for enhanced reliability, accuracy, and lightweight ruggedness.
10. What is the significance of the inauguration of ‘Prasadam’ in Ujjain, Madhya Pradesh?
- Largest food street in India
- Culinary festival
- Contribution to holistic development
- Religious pilgrimage site
Show Answer
Correct Answer: Contribution to holistic development
‘Prasadam’ symbolizes holistic development, contributing to various facets of community life.
11. What is the aim of the United States listing nations for religious freedom violations?
- Promote cultural exchange
- Highlight concerns about religious freedom
- Encourage economic partnerships
- Combat climate change
Show Answer
Correct Answer: Highlight concerns about religious freedom
The aim is to address and highlight concerns about religious freedom violations globally.
12. Which nations are included in the ‘Countries of Particular Concern’ list for religious freedom violations?
- India, Australia, South Korea
- China, North Korea, Pakistan
- USA, Canada, Mexico
- Brazil, Argentina, Chile
Show Answer
Correct Answer: China, North Korea, Pakistan
China, North Korea, Pakistan, and others are listed in the ‘Countries of Particular Concern.’
13. What is the objective of the Ex Sea Dragon 2024 naval exercise?
- Cybersecurity collaboration
- Anti-Submarine Warfare (ASW) training
- Air-to-ground combat drills
- Nuclear disarmament negotiations
Show Answer
Correct Answer: Anti-Submarine Warfare (ASW) training
Ex Sea Dragon 2024 focuses on enhancing coordination and communication in Anti-Submarine Warfare (ASW) training.
14. What distinguishes the ‘Samman RuPay Credit Card’ introduced by IndusInd Bank?
- Exclusively for students
- Designed for business owners
- Exclusively for government employees
- Targeted at international travelers
Show Answer
Correct Answer: Exclusively for government employees
The card is exclusively tailored for government employees.
15. What sector does LIC’s stake acquisition target?
- Information Technology
- Residential mortgage-backed securities
- Renewable energy
- Agriculture
Show Answer
Correct Answer: Residential mortgage-backed securities
LIC’s stake acquisition targets the residential mortgage-backed securities sector.
Daily Current Affairs – 11 January 2024 (Notes)
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