1. What is the primary objective of the Gyan Bharatam Mission launched by India on February 3, 2025?
a) Promoting digital literacy
b) Surveying, documenting, and conserving manuscripts
c) Expanding online education
d) Promoting language learning
e) Establishing new universities
Answer: b) Surveying, documenting, and conserving manuscripts
Explanation: The Gyan Bharatam Mission aims to preserve India’s rich literary heritage by surveying, documenting, and conserving over one crore manuscripts.
2. What new tariff has the United States imposed on goods from Canada and Mexico?
a) 5%
b) 15%
c) 25%
d) 10%
e) 30%
Answer: c) 25%
Explanation: The United States imposed a 25% tariff on imports from Canada and Mexico as part of its trade measures.
3. What was the value of goods on which Canada imposed a 25% tariff in response to the U.S. trade actions?
a) $50 billion
b) Can$155 billion
c) $200 billion
d) $100 billion
e) Can$200 billion
Answer: b) Can$155 billion
Explanation: Canada imposed a 25% tariff on U.S. goods worth Can$155 billion in retaliation to U.S. trade measures.
4. What did the Indian government decide regarding its sovereign bonds for the upcoming financial year?
a) Issuing new bonds to raise funds
b) Undertaking a direct debt switch with the Reserve Bank of India
c) Using RBI bonds to reduce borrowing costs
d) Not conducting a direct debt switch with RBI
e) Raising taxes on sovereign bonds
Answer: d) Not conducting a direct debt switch with RBI
Explanation: The Indian government decided not to undertake a direct debt switch with the Reserve Bank of India for sovereign bonds in the upcoming financial year.
5. What is the gross borrowing target for India in the 2025-26 financial year?
a) ₹12 trillion
b) ₹14.82 trillion
c) ₹15 trillion
d) ₹13.5 trillion
e) ₹16 trillion
Answer: b) ₹14.82 trillion
Explanation: The Indian government has set a gross borrowing target of ₹14.82 trillion for the 2025-26 financial year.
6. Why is the Indian government reassessing its stance on cryptocurrencies in February 2025?
a) Due to technological advancements in blockchain
b) In light of global developments, especially in the U.S.
c) To support the growth of the fintech sector
d) Due to security concerns
e) To implement stricter regulations
Answer: b) In light of global developments, especially in the U.S.
Explanation: The Indian government is reassessing its stance on cryptocurrencies due to global developments, particularly following crypto-friendly policies in the United States.
7. Which of the following is a concern raised by the Economic Affairs Secretary regarding cryptocurrency regulation?
a) Inflation concerns
b) Unilateral regulation
c) Technological risks
d) Environmental impact
e) Lack of international collaboration
Answer: b) Unilateral regulation
Explanation: Economic Affairs Secretary Ajay Seth emphasized the importance of a non-unilateral approach to crypto regulation due to its borderless nature.
8. Which of the following countries announced new trade tariffs in response to U.S. actions in February 2025?
a) India
b) China
c) Brazil
d) Russia
e) Japan
Answer: b) China
Explanation: China announced retaliatory tariffs on U.S. goods in response to the new trade measures imposed by the United States.
9. What is the primary focus of the Indian Gyan Bharatam Mission launched in February 2025?
a) Building infrastructure
b) Developing AI technology
c) Conserving and documenting manuscripts
d) Improving education systems
e) Supporting farmers’ initiatives
Answer: c) Conserving and documenting manuscripts
Explanation: The primary focus of the Gyan Bharatam Mission is the conservation and documentation of India’s rich literary heritage through the preservation of manuscripts.
10. Which country’s tariffs affected goods worth Can$155 billion in February 2025?
a) United States
b) Canada
c) Mexico
d) China
e) Japan
Answer: b) Canada
Explanation: Canada imposed a 25% tariff on U.S. goods valued at Can$155 billion in retaliation to the U.S. trade measures.
