[WpProQuiz 1639]
[WpProQuiz_toplist 1639]
UPSC 2024 countdown has begun! Get your personal guidance plan now! (Click here)
[WpProQuiz 1639]
[WpProQuiz_toplist 1639]
UPSC 2024 countdown has begun! Get your personal guidance plan now! (Click here)
Recently, the ‘Job for Resilience Report’ was published by the World Bank. The Report talks about how the South Asia region including India is not making use of its demographic dividend.
Conclusion: World Bank warns South Asia, including India, risks wasting demographic dividend due to declining employment ratios and low productivity growth. Urgent measures needed: skill development, labor reforms, inclusive growth promotion, infrastructure investment, and productivity enhancement.
PM Modi asked the RBI to prepare a 10-year strategy to make the Indian rupee a globally “accessible and acceptable” currency and to meet the credit needs of every segment of the country
What is Global Currency?A global currency refers to a single currency that is used by every country in the world. This concept involves all nations adopting the same currency for international trade and transactions |
https://www.hindustantimes.com/india-news/lets-make-a-global-currency-pm-to-rbi-101711996093588.html
Recently, the SC revoked the notification given by the Environment Ministry to exempt the extraction of ordinary earth for linear projects, such as road and railway construction.
What are the linear projects?Linear projects refer to Construction or Development Projects. It includes the construction of linear structures like utility lines, pipelines, railroad tracks, highways, stormwater channels, and stream restoration activities. |
Similar Judicial Scrutiny in the Past:
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Conclusion: The Supreme Court invalidated the Environment Ministry’s exemption for earth extraction in linear projects due to a lack of justification and safeguards, emphasizing compliance with Environmental Clearance to minimize environmental harm, safeguarding the Environment Protection Act’s purpose.
Q How does the draft EnvironmentImpact Assessment(EIA)Notification, 2020 differ from the existing EIA Notification, 2006? (UPSC IAS/2020)
Recently, the RBI celebrated its 90th year in Mumbai, marking a significant milestone.
Dr. Ambedkar’s Role in the Establishment of RBI:
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PYQ:2012: The Reserve Bank of India (RBI) acts as a bankers’ bank. This would imply which of the following? 1. Banks retain their deposits with the RBI. 2. The RBI lends funds to the commercial banks in times of need. 3. The RBI advises the commercial banks on monetary matters. Select the correct answer using the codes given below: (a) 2 and 3 only (b) 1 and 2 only (c) 1 and 3 only (d) 1, 2 and 3
2013: Consider the following statements: 1. The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government. 2. Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in public interest. 3. The Governor of the RBI draws his power from the RBI Act. Which of the above statements are correct? (a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3 |
There are two types of leap seconds:
International Atomic Time (TAI)
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Practice MCQ:What is a Leap Second? (a) It is a periodic adjustment added to International Atomic Time (TAI) to compensate for irregularities in Earth’s rotation. (b) It is an extra second added to Coordinated Universal Time (UTC) to synchronize atomic time with astronomical time. (c) It is the time lag measured by the atomic clocks in Outer Space-Time conditions. (d) It is a term used to describe the synchronization of atomic clocks with the oscillations of subatomic particles. |

Paradip Port in Odisha has made history by becoming India’s largest major port in terms of cargo volumes, surpassing Deendayal Port Authority in Gujarat during FY24.
PYQ:2017: What is the importance of developing Chabahar Port by India? (a) India’s trade with African countries will enormously increase. (b) India’s relations with oil-producing Arab countries will be strengthened. (c) India will not depend on Pakistan for access to Afghanistan and Central Asia. (d) Pakistan will facilitate and protect the installation of a gas pipeline between Iraq and India.
Practice MCQ: It is situated at the confluence of the Mahanadi River and the Bay of Bengal. It has a natural deep-water harbor, allowing it to accommodate large vessels and handle bulk cargo efficiently. Which sea port in Odisha is being talked about by the above description? (a) Haldia (b) Gopalpur (c) Belikeri (d) Paradip |
The Securities and Exchange Board of India (SEBI) unveiled the upgraded version of the SEBI Complaint Redress System (SCORES 2.0) marking a significant advancement in the investor complaint redressal mechanism in the securities market.
About Securities and Exchange Board of India (SEBI)
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PYQ:2013: The product diversification of financial institutions and insurance companies, resulting in overlapping of products and services strengthens the case for the merger of the two regulatory agencies, namely SEBI and IRDA. Justify.
Practice MCQ:Consider the following statements about the SCORES 2.0 Platform recently launched by the Securities and Exchange Board of India (SEBI): 1. It is an online platform designed to facilitate the lodging and resolution of complaints by investors in the securities market. 2. It addresses complaints pertaining to the SEBI Act, 1992 only. 3. It ensures a maximum redressal period of 21 calendar days. How many of the above statements is/are correct? (a) One (b) Two (c) Three (d) None |

PYQ:2017: At one of the places in India, if you stand on the seashore and watch the sea, you will find that the sea water recedes from the shore line a few kilometres and comes back to the shore, twice a day, and you can actually walk on the sea floor when the water recedes. This unique phenomenon is seen at- (a) Bhavnagar (b) Bheemunipatnam (c) Chandipur (d) Nagapattinam
Practice MCQ:The Coastal areas of Kerala recently witnessed the Oceanic Swell Waves locally known as Kallakkadal. In this regard consider the following statements: 1. Kallakkadal typically occurs during the spring season (March-April). 2. These waves stem from distant storms in the southern Indian Ocean. Which of the given statements is/are NOT correct? (a) Only 1 (b) Only 2 (c) Both 1 and 2 (d) Neither 1 nor 2 |