The Daily Current Affairs Quiz questions are based on various national and regional newspapers including government news sources.
The questions are framed on happenings around you to enhance your competitiveness for news based concepts and facts
Solve, skull up. and win prizes!
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
Not categorized0%
1
2
3
4
5
Answered
Review
Question 1 of 5
1. Question
Which of the following best explains how an increase in the Cash Reserve Ratio (CRR) impacts the economy?
Correct
Answer: C. It reduces liquidity in the banking system and curbs inflation.
Explanation:
CRR is the portion of NDTL that banks must keep with the RBI and cannot use for lending or investment. Increasing the CRR means banks have less money to lend, which reduces liquidity in the economy and helps control inflation. Banks also do not earn interest on CRR.
Incorrect
Answer: C. It reduces liquidity in the banking system and curbs inflation.
Explanation:
CRR is the portion of NDTL that banks must keep with the RBI and cannot use for lending or investment. Increasing the CRR means banks have less money to lend, which reduces liquidity in the economy and helps control inflation. Banks also do not earn interest on CRR.
Question 2 of 5
2. Question
Which of the following correctly distinguishes the Statutory Liquidity Ratio (SLR) from the Cash Reserve Ratio (CRR)?
Correct
Answer: C. SLR is maintained by banks with themselves, while CRR is maintained with the RBI.
Explanation:
SLR is the minimum percentage of NDTL that banks must hold in the form of liquid assets like cash, gold, or government-approved securities with themselves. CRR is the amount to be kept as cash with the RBI, earning no interest.
Incorrect
Answer: C. SLR is maintained by banks with themselves, while CRR is maintained with the RBI.
Explanation:
SLR is the minimum percentage of NDTL that banks must hold in the form of liquid assets like cash, gold, or government-approved securities with themselves. CRR is the amount to be kept as cash with the RBI, earning no interest.
Question 3 of 5
3. Question
Which of the following is NOT a correct feature of the UN Economic and Social Council (ECOSOC)?
Correct
Answer: C. It makes decisions through consensus and veto power.
Explanation:
Unlike the UN Security Council, ECOSOC does not have a veto system or permanent members. Decisions are taken by simple majority. All other statements are correct.
Incorrect
Answer: C. It makes decisions through consensus and veto power.
Explanation:
Unlike the UN Security Council, ECOSOC does not have a veto system or permanent members. Decisions are taken by simple majority. All other statements are correct.
Question 4 of 5
4. Question
Why is India investing in its own toxicology studies for food safety instead of relying entirely on international data?
Correct
Answer: C. Indian dietary habits, agricultural practices, and environment differ from global contexts.
Explanation:
India’s consumption patterns, pesticide use, and environmental exposure differ significantly from other countries. Therefore, India-specific toxicology data ensures that food safety regulations are more accurate and protective for Indian citizens.
Incorrect
Answer: C. Indian dietary habits, agricultural practices, and environment differ from global contexts.
Explanation:
India’s consumption patterns, pesticide use, and environmental exposure differ significantly from other countries. Therefore, India-specific toxicology data ensures that food safety regulations are more accurate and protective for Indian citizens.
Question 5 of 5
5. Question
With reference to Monosodium Glutamate (MSG) regulation in India, which of the following statements is correct?
Correct
Answer: B. India mandates warning labels on MSG despite global recognition of its safety.
Explanation:
Global scientific bodies like JECFA have declared MSG safe, giving it an “ADI not specified” status. However, India continues to mandate warning labels, especially stating MSG is unsafe for infants, even though natural glutamates (chemically identical) are found in common foods and breast milk. This leads to public misunderstanding.
Incorrect
Answer: B. India mandates warning labels on MSG despite global recognition of its safety.
Explanation:
Global scientific bodies like JECFA have declared MSG safe, giving it an “ADI not specified” status. However, India continues to mandate warning labels, especially stating MSG is unsafe for infants, even though natural glutamates (chemically identical) are found in common foods and breast milk. This leads to public misunderstanding.
