Current Affairs Quiz 28 August 2025
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Current Affairs Quiz 28 August 2025 For UPSC Exam
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- Question 1 of 5
1. Question
Consider the following statements regarding GDP measurement:
1. Nominal GDP is measured at market exchange rates and is useful for comparing living standards across countries.
2. Purchasing Power Parity (PPP) GDP adjusts for price level differences and better reflects real purchasing power.
3. India is the 4th largest economy in the world by nominal GDP and 3rd largest by PPP GDP.
Which of the statements given above is/are correct?CorrectCorrect Answer: (b) 2 and 3 only
Explanation:
• Statement 1 – Incorrect: Nominal GDP is measured at current market prices/exchange rates, but it is not ideal for living standard comparisons because exchange rates distort purchasing power. PPP is better for that.
• Statement 2 – Correct: PPP adjusts for price differences across countries.
• Statement 3 – Correct: India ~4th by nominal, ~3rd by PPP.IncorrectCorrect Answer: (b) 2 and 3 only
Explanation:
• Statement 1 – Incorrect: Nominal GDP is measured at current market prices/exchange rates, but it is not ideal for living standard comparisons because exchange rates distort purchasing power. PPP is better for that.
• Statement 2 – Correct: PPP adjusts for price differences across countries.
• Statement 3 – Correct: India ~4th by nominal, ~3rd by PPP. - Question 2 of 5
2. Question
Which of the following correctly reflects India’s export dependence on the US economy as per July 2025 review?
1. India’s exports to the US constitute around 2% of India’s GDP.
2. After exemptions, ~12% of India’s GDP is subject to US tariffs.
3. The immediate impact of tariffs is projected to cause a 2% fall in India’s GDP.
Answer choices:CorrectCorrect Answer: (a) One only
Explanation:
• Statement 1 – Correct: India’s exports to the US ≈ 2% of India’s GDP.
• Statement 2 – Incorrect: 12% applies to India’s exports, not GDP.
• Statement 3 – Incorrect: Immediate GDP hit estimated only ~0.1%, not 2%.Here’s the revised Q3 with ambiguities removed:
IncorrectCorrect Answer: (a) One only
Explanation:
• Statement 1 – Correct: India’s exports to the US ≈ 2% of India’s GDP.
• Statement 2 – Incorrect: 12% applies to India’s exports, not GDP.
• Statement 3 – Incorrect: Immediate GDP hit estimated only ~0.1%, not 2%.Here’s the revised Q3 with ambiguities removed:
- Question 3 of 5
3. Question
Which of the following statements about India’s current e-commerce export models is/are correct?
1. The Marketplace model is currently dominant in India, where platforms act only as intermediaries without owning inventory.
2. The Inventory-led model, where platforms own goods and directly sell to consumers, is completely prohibited in India for B2C e-commerce involving FDI.
3. China’s large e-commerce exports (~$300 bn) were primarily driven by the inventory-led model rather than marketplace platforms.
Answer choices:CorrectCorrect Answer: (a) One only
Explanation:
• Statement 1 – Correct: Due to FDI restrictions, the marketplace model dominates in India’s e-commerce sector.
• Statement 2 – Incorrect: While inventory-led B2C with FDI is restricted, it’s not “completely prohibited” – there are exceptions and workarounds, plus domestic companies can use this model.
• Statement 3 – Incorrect: China’s exports were driven by a combination of marketplace platforms, logistics networks, and manufacturing integration, not purely inventory-led models.IncorrectCorrect Answer: (a) One only
Explanation:
• Statement 1 – Correct: Due to FDI restrictions, the marketplace model dominates in India’s e-commerce sector.
• Statement 2 – Incorrect: While inventory-led B2C with FDI is restricted, it’s not “completely prohibited” – there are exceptions and workarounds, plus domestic companies can use this model.
• Statement 3 – Incorrect: China’s exports were driven by a combination of marketplace platforms, logistics networks, and manufacturing integration, not purely inventory-led models. - Question 4 of 5
4. Question
With reference to the H-1B visa, consider the following statements:
1. It is a non-immigrant visa issued by the United States.
2. It is specifically meant for unskilled labor-intensive jobs.
3. The maximum duration of stay on H-1B visa is generally 6 years.
Which of the statements given above is/are correct?CorrectCorrect Answer: b) 1 and 3 only
Explanation:
• Statement 1: Correct. H-1B is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations.
• Statement 2: Incorrect. It is for specialty occupations (IT, engineering, finance, medicine, etc.), not unskilled jobs.
• Statement 3: Correct. Initial stay is up to 3 years, extendable to 6 years.IncorrectCorrect Answer: b) 1 and 3 only
Explanation:
• Statement 1: Correct. H-1B is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations.
• Statement 2: Incorrect. It is for specialty occupations (IT, engineering, finance, medicine, etc.), not unskilled jobs.
• Statement 3: Correct. Initial stay is up to 3 years, extendable to 6 years. - Question 5 of 5
5. Question
Which of the following are technological prerequisites for India’s future crewed space station and lunar missions?
1. Deep-space propulsion and radiation protection
2. Habitability modules for long-duration missions
3. Autonomous docking and rendezvous capability
4. Development of cryogenic engine technology
Options:CorrectCorrect Answer: (d) All Four
Explanation:
• All four are essential:
◦ Deep-space propulsion + radiation shielding → lunar/long missions.
◦ Habitability modules → space station/lunar bases.
◦ Autonomous docking → essential for orbital stations (ISS-like).
◦ Cryogenic engine tech → already developed (CE-20 on LVM3), but advanced variants required for deep-space crewed missions.IncorrectCorrect Answer: (d) All Four
Explanation:
• All four are essential:
◦ Deep-space propulsion + radiation shielding → lunar/long missions.
◦ Habitability modules → space station/lunar bases.
◦ Autonomous docking → essential for orbital stations (ISS-like).
◦ Cryogenic engine tech → already developed (CE-20 on LVM3), but advanced variants required for deep-space crewed missions.
