Current Affairs Quiz: 8 February 2025
10 questions from the news of 8 February 2025. Tap an option to see the answer and the explanation.
0 correct of 0 answered · 10 questions
1. The RBI lowered the repo rate by how much, and why?
Answer: D. A 0.25% cut was made to add liquidity to the banking system, promote lending and support growth. Cheaper loans help firms and households invest.
2. The RBI's fresh Liquidity Coverage Ratio rule is mainly designed to achieve what?
Answer: A. Banks must keep a cushion of highly liquid assets so they can survive short-term stress and absorb sudden cash outflows without harming stability.
3. How does a lower repo rate affect the economy?
Answer: E. Cheaper borrowing for businesses and individuals means more credit, more investment and stronger growth.
4. Which formula yields the Liquidity Coverage Ratio?
Answer: B. LCR divides high-quality liquid assets by net cash outflows expected over 30 days, showing whether a bank can meet near-term obligations.
5. Expected Credit Loss is built from which three components?
Answer: C. ECL rests on PD, LGD and EAD, and lets banks estimate the likely losses on their loans.
6. What has the RBI altered about the NDS-OM platform?
Answer: A. NDS-OM was opened up to individuals, who can now trade government securities directly, making bonds easier for them to access.
7. What are the main aims of the new Income Tax Bill?
Answer: D. The Bill seeks easier compliance, fewer ambiguities and fewer disputes through simpler tax provisions.
8. Under the BioE3 policy, biomanufacturing concentrates on what?
Answer: B. BioE3 encourages biomanufacturing across healthcare, agriculture and industry to advance sustainability and innovation.
9. What advantage can states gain by adopting BioE3 biomanufacturing policies early?
Answer: C. Early-adopting states can get central incentives, funding and help with building infrastructure.
10. What did the DRPSC recommend on PM-Kisan?
Answer: E. The parliamentary standing committee (DRPSC) advised enlarging PM-Kisan assistance to give farmers better support.