Current Affairs Quiz 02 June 2025
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Current Affairs Quiz 02 June 2025 For UPSC Exam
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- Question 1 of 5
1. Question
Consider the following with reference to Virtual Digital Assets (VDA) in India:
1. Virtual Digital Assets include cryptocurrencies, Non-Fungible Tokens (NFTs), and any other digital asset notified by the government.
2. Income from the transfer of VDAs is taxed at a flat rate of 30% under the Income Tax Act, 1961.
3. Virtual Digital Assets are not considered as assets under Indian financial regulation.
Which of the above statements is/are correct?CorrectAnswer: a) 1 and 2 only
Explanation:
Statement 1 is correct: As per the Finance Act, 2022, VDAs include crypto-assets, NFTs, and any other digital form notified by the government.
Statement 2 is correct: Gains from VDAs are taxed at a special rate of 30% under Income Tax Act.
Statement 3 is incorrect: VDAs are considered assets for taxation purposes, though they are not yet formally classified as legal tender or regulated financial assets under RBI or SEBI laws.IncorrectAnswer: a) 1 and 2 only
Explanation:
Statement 1 is correct: As per the Finance Act, 2022, VDAs include crypto-assets, NFTs, and any other digital form notified by the government.
Statement 2 is correct: Gains from VDAs are taxed at a special rate of 30% under Income Tax Act.
Statement 3 is incorrect: VDAs are considered assets for taxation purposes, though they are not yet formally classified as legal tender or regulated financial assets under RBI or SEBI laws. - Question 2 of 5
2. Question
Arrange the following countries in ascending order based on their nominal GDP in 2025, as per IMF estimates:
1. India
2. Germany
3. China
4. United States
Options:CorrectAnswer: a) 1 – 2 – 3 – 4
Explanation:
Based on the IMF’s 2025 nominal GDP estimates:
India: $4.27 trillion
Germany: $4.92 trillion
China: $19.53 trillion
United States: $30.34 trillionArranged in ascending order: India (1) < Germany (2) < China (3) < United States (4)
IncorrectAnswer: a) 1 – 2 – 3 – 4
Explanation:
Based on the IMF’s 2025 nominal GDP estimates:
India: $4.27 trillion
Germany: $4.92 trillion
China: $19.53 trillion
United States: $30.34 trillionArranged in ascending order: India (1) < Germany (2) < China (3) < United States (4)
- Question 3 of 5
3. Question
Which of the following protocols was adopted specifically to protect the ozone layer by phasing out the production and consumption of ozone-depleting substances?
CorrectAnswer: c) Montreal Protocol
Explanation:
The Montreal Protocol (adopted in 1987) is a landmark international treaty designed to protect the ozone layer by phasing out substances like chlorofluorocarbons (CFCs) that deplete it.IncorrectAnswer: c) Montreal Protocol
Explanation:
The Montreal Protocol (adopted in 1987) is a landmark international treaty designed to protect the ozone layer by phasing out substances like chlorofluorocarbons (CFCs) that deplete it. - Question 4 of 5
4. Question
Which of the following are part of India’s updated Nationally Determined Contributions (NDCs) submitted under the Paris Agreement?
1. Reduce the emissions intensity of GDP by 45% by 2030 (compared to 2005 levels)
2. Achieve about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030
3. Net zero emissions by 2040
4. Increase forest and tree cover to create an additional carbon sink of 2.5 to 3 billion tonnes of CO₂ equivalent
5. Mobilize international climate finance of at least $100 billion annually
6. Promote sustainable lifestyle through the concept of LiFE (Lifestyle for Environment)
Select the correct options using the code below:CorrectAnswer: a) 1, 2, 4 and 6 only
Explanation:
Statement 1: Correct — India has committed to reduce its GDP emissions intensity by 45% by 2030 compared to 2005 levels.
Statement 2: Correct — India aims to have about 50% cumulative electric power installed capacity from non-fossil fuel sources by 2030.
Statement 3: Incorrect — India has pledged Net Zero by 2070, not 2040.
Statement 4: Correct — India aims to create an additional carbon sink of 2.5–3 billion tonnes of CO₂ equivalent through forest and tree cover.
Statement 5: Incorrect — While India supports climate finance goals, the $100 billion commitment is an ask from developed countries, not part of India’s own NDC.
Statement 6: Correct — India promotes the LiFE movement to encourage sustainable lifestylesIncorrectAnswer: a) 1, 2, 4 and 6 only
Explanation:
Statement 1: Correct — India has committed to reduce its GDP emissions intensity by 45% by 2030 compared to 2005 levels.
Statement 2: Correct — India aims to have about 50% cumulative electric power installed capacity from non-fossil fuel sources by 2030.
Statement 3: Incorrect — India has pledged Net Zero by 2070, not 2040.
Statement 4: Correct — India aims to create an additional carbon sink of 2.5–3 billion tonnes of CO₂ equivalent through forest and tree cover.
Statement 5: Incorrect — While India supports climate finance goals, the $100 billion commitment is an ask from developed countries, not part of India’s own NDC.
Statement 6: Correct — India promotes the LiFE movement to encourage sustainable lifestyles - Question 5 of 5
5. Question
With reference to heatwaves in India, consider the following statements:
1. The India Meteorological Department (IMD) declares a heatwave in the plains when the maximum temperature reaches 40°C or more.
2. Coastal areas of India are more prone to severe heatwaves than inland regions.
Which of the statements given above is/are correct?CorrectAnswer: a) 1 only
Explanation:
Statement 1: Correct — IMD declares a heatwave in plains when the temperature is ≥ 40°C.
Statement 2: Incorrect — Inland regions (like Rajasthan, Madhya Pradesh) face more severe and frequent heatwaves than coastal areas, which benefit from maritime moderation.IncorrectAnswer: a) 1 only
Explanation:
Statement 1: Correct — IMD declares a heatwave in plains when the temperature is ≥ 40°C.
Statement 2: Incorrect — Inland regions (like Rajasthan, Madhya Pradesh) face more severe and frequent heatwaves than coastal areas, which benefit from maritime moderation.
