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Daily-mcqs 24 Feb 2025

Current Affairs MCQs for UPSC & State PSC Exams 24 Feb 2025

Current Affairs MCQs for UPSC & State PSC Exams

Q1:

What is the conservation status of the Indian Vulture (Gyps indicus) according to the IUCN Red List of Threatened Species?

A: Endangered

B: Vulnerable

C: Critically Endangered

D: Least Concern

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Answer: C

Explanation:

The Indian Vulture (Gyps indicus) is classified as Critically Endangered in the IUCN Red List of Threatened Species, indicating that it is at high risk of extinction in the wild.

Q2:

Assertion (A): The Enforcement Directorate (ED) imposed a penalty of ₹3.44 crore on BBC World Service India for violating the Foreign Exchange Management Act (FEMA).
Reason (R): BBC WS India allegedly violated the 26% Foreign Direct Investment (FDI) cap for digital media companies in India.

Choose the correct option:

A: Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation for Assertion (A).

B: Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation for Assertion (A).

C: Assertion (A) is correct, but Reason (R) is incorrect.

D: Assertion (A) is incorrect, but Reason (R) is correct.

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Answer: A

Explanation:

Assertion (A) is correct because the ED imposed a penalty of ₹3.44 crore on BBC World Service India for alleged violations of FEMA.

Reason (R) is correct because the company violated the FDI cap of 26% for digital media companies by maintaining 100% foreign ownership, which is in direct violation of the 2019 guidelines issued by the Department for Promotion of Industry and Internal Trade (DPIIT).

Since Reason (R) directly explains why the penalty was imposed in Assertion (A), the answer is A.

Q3:

Consider the following statements regarding FEMA (Foreign Exchange Management Act) and the role of the Enforcement Directorate (ED):

1.   FEMA was introduced in 1999 to replace the Foreign Exchange Regulation Act (FERA) of 1973, with an aim to promote lawful external trade transactions and regulate the foreign exchange market.

2.   Unlike FERA, FEMA operates as a criminal law, where offenses are punishable by imprisonment, rather than fines or penalties.

3.   The Enforcement Directorate (ED) investigates violations of FEMA, imposes penalties, and has the authority to seize assets in cases of serious financial violations like money laundering.

How many statements are correct?

A: Only 1

B: Only 2

C: All three

D: None

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Answer: B

Explanation:

Statement 1: Correct. FEMA was introduced in 1999 to facilitate foreign exchange transactions and replace the more restrictive FERA, which had stringent provisions.
Statement 2: Incorrect. FEMA operates as a civil law, and offenses typically result in fines or penalties, not imprisonment.
Statement 3: Correct. The ED investigates suspected violations of FEMA, can impose penalties, and has the authority to seize assets in serious cases such as money laundering.

Q4:

Consider the following statements regarding the Bay of Bengal Programme Inter-Governmental Organisation (BOBP-IGO):

1.   The BOBP-IGO, established in 2003, aims to improve the livelihood opportunities and quality of life of small-scale and artisanal fisherfolk in the Bay of Bengal region.

2.   The current members of the BOBP-IGO include Bangladesh, India, Maldives, Sri Lanka, Indonesia, Malaysia, Myanmar, and Thailand.

3.   One of the key objectives of BOBP-IGO is to promote women's participation in the marine fisheries value chain.

How many statements are not correct?

A: Only 1

B: Only 2

C: All three

D: None

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Answer: A

Explanation:

Statement 1: Correct. The primary aim of BOBP-IGO is to improve the livelihoods and quality of life for small-scale/artisanal fisherfolk in the Bay of Bengal region.
Statement 2: Incorrect. While Bangladesh, India, Maldives, and Sri Lanka are the current members, Indonesia, Malaysia, Myanmar, and Thailand are cooperating non-contracting parties.
Statement 3: Correct. Promoting women’s participation in the marine fisheries value chain is one of the core objectives of BOBP-IGO.

Q5:

Consider the following statements regarding the Bay of Bengal Inter-Governmental Organisation (BOBP-IGO):

1. India assumed the Chairmanship of BOBP-IGO from Bangladesh at the 13th Governing Council Meeting held in Malé, Maldives, on February 21, 2025.

2. The primary focus of India’s leadership in BOBP-IGO will be addressing Illegal, Unreported, and Unregulated (IUU) fishing and promoting regional cooperation.

Which of the above statements are correct?

A: Only 1

B: Only 2

C: Both

D: None

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Answer: C

Explanation:

Statement 1: Correct. India assumed the Chairmanship of BOBP-IGO from Bangladesh on February 21, 2025, at the 13th Governing Council Meeting in Malé, Maldives.
Statement 2: Correct. Under India’s leadership, key areas of focus include addressing IUU fishing and regional cooperation.