Daily Current Affairs March 24

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March 24 | Daily Current Affairs 2025

Important Days – Daily Current Affairs March 24

1. What is observed annually on March 24 to honor victims of gross human rights violations and defenders of truth?
A) World Justice Day
B) International Human Rights Awareness Day
C) International Day for the Right to the Truth
D) Day of Dignity and Justice
E) Global Victims Memorial Day
Answer: C) International Day for the Right to the Truth

Event and Location:

• Event: International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims
• Date: March 24, 2025
• Location: Observed internationally

Mandates and Objectives:

• Purpose of the Day: To recognize the right of victims and their families to know the truth about gross human rights violations.
• Tribute to Victims: To honor individuals who suffered from summary executions, enforced disappearances, torture, and abductions.
• Awareness Objective: To urge governments to uphold justice, reveal the truth, and ensure dignity for victims.
• Support for Defenders: To acknowledge the efforts of human rights defenders and activists like Archbishop Óscar Romero.

Important Terms Explained:

• Right to the Truth: The right of victims and their families to know the full details of human rights abuses, including responsible parties and circumstances.
• Archbishop Óscar Arnulfo Romero: A Salvadoran Archbishop assassinated on March 24, 1980, for denouncing human rights violations.
• UN General Assembly Recognition: The UN officially recognized this observance on December 21, 2010.
• Truth Commission (El Salvador): A commission formed in 1991 to investigate atrocities during El Salvador’s civil conflict, confirming Romero’s assassination by state-linked actors.

Tabular Summary:

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2. What is the theme of World TB Day 2025?
A) Invest to End TB
B) Together Against TB
C) Stop TB in Our Lifetime
D) Yes! We Can End TB: Commit, Invest, Deliver
E) TB-Free World: A Global Goal
Answer: D) Yes! We Can End TB: Commit, Invest, Deliver

Event and Location:

• Event: World TB Day 2025
• Date: March 24, 2025
• Location: Observed globally

Mandates and Objectives:

• Purpose of the Day: To raise awareness about tuberculosis and mobilize global efforts to eliminate it.
• Strategic Focus: To encourage commitment, investment, and effective delivery of TB control programs.
• Health Priority: To highlight TB as a major infectious disease with serious health, social, and economic impact.

Important Terms Explained:

• Tuberculosis (TB): A contagious disease caused by the bacterium Mycobacterium tuberculosis, primarily affecting the lungs.
• Drug-Resistant TB: Forms of TB that do not respond to standard antibiotics, including multidrug-resistant (MDR) and pre-extensively drug-resistant (pre-XDR) TB.
• BCG Vaccine: Bacillus Calmette–Guérin, the only currently available vaccine for TB, mainly given to infants.
• End TB by 2030: A global target set by the WHO as part of the Sustainable Development Goals to eliminate TB as a public health threat.

Tabular Summary:

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Sports – Daily Current Affairs March 24

3. Who won the Chinese Grand Prix in the second round of the Formula 1 2024 season?
A) Max Verstappen
B) George Russell
C) Lando Norris
D) Oscar Piastri
E) Charles Leclerc
Answer: D) Oscar Piastri

Event and Location:

• Event: Chinese Grand Prix – Formula 1, 2024 Season (Round 2)
• Date: March 2024
• Location: China

Mandates and Objectives:

• Race Outcome: To determine standings in the F1 championship; McLaren secured a dominant 1-2 finish.
• Performance Objective: Piastri redeemed himself after an Australian GP error, managing a clean and strategic race from pole.
• Championship Impact: McLaren’s strong finish tightened the championship battle, with Lando Norris retaining his lead.

Important Terms Explained:

• Disqualification (DSQ): Removal from race classification due to technical rule violations (e.g., underweight car or excessive wear).
• Plank Wear: Refers to the excessive abrasion of the wooden plank underneath an F1 car—regulated for safety and fairness.
• Pole Position: The starting spot at the front of the grid, achieved by the fastest qualifier.
• One-Stop Strategy: A pit stop strategy involving only one tyre change during the race to maximize race efficiency.

Tabular Summary:

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Banking and Finance – Daily Current Affairs March 24

4. Which two PSU bank-focused schemes were launched by SBI Mutual Fund in March 2025?
A) SBI PSU Banking Advantage Fund and SBI PSU Leaders ETF
B) SBI Public Sector Fund and SBI PSU Banking Index Fund
C) SBI BSE PSU Bank Index Fund and SBI BSE PSU Bank ETF
D) SBI PSU Dividend Yield Fund and SBI PSU Select ETF
E) SBI PSU Growth Fund and SBI Financial Inclusion ETF
Answer: C) SBI BSE PSU Bank Index Fund and SBI BSE PSU Bank ETF

Event and Location:

• Event: Launch of two PSU Bank-Focused Schemes by SBI Mutual Fund
• Date: NFO Period – March 17 to March 20, 2025
• Location: Pan India (offered by SBI Mutual Fund)

Mandates and Objectives:

• Scheme Objective: To provide investors exposure to India’s public sector banking sector through index-linked investments.
• Investment Goal: To replicate and track the BSE PSU Bank TRI by investing majorly in PSU bank stocks.
• Diversification Purpose: To allow retail investors to diversify across PSU bank stocks without picking individual shares.

Important Terms Explained:

• Index Fund: A type of mutual fund designed to replicate a specific index—in this case, the BSE PSU Bank Index.
• ETF (Exchange-Traded Fund): A marketable security that tracks an index and is traded like a stock on exchanges.
• BSE PSU Bank TRI: A total return index representing public sector banks listed on the Bombay Stock Exchange.
• Tracking Error: The difference between a fund’s performance and the performance of its benchmark index.

Tabular Summary:

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5. Which regulatory body granted RRBs an additional five years from FY25 to amortize additional pension liabilities?
A) Ministry of Finance
B) Indian Banks’ Association
C) NABARD
D) Reserve Bank of India
E) Pension Fund Regulatory and Development Authority
Answer: D) Reserve Bank of India

Event and Location:

• Event: Extension of amortization period for additional pension liabilities of RRBs
• Date: Effective from FY25
• Location: Applicable across India for all RRBs

Mandates and Objectives:

• Policy Extension: RBI extended the amortization period for RRBs by five more years from FY25.
• Objective of Extension: To provide RRBs financial relief and allow smooth absorption of increased pension costs.
• Implementation Requirement: RRBs are mandated to implement the pension scheme retrospectively from November 1, 1993.

Important Terms Explained:

• Amortization: The process of spreading out a financial liability over a period to reduce annual financial stress.
• Employee Pension Scheme 2018: Scheme under which pension liabilities are calculated and distributed for RRB employees.
• Provisioning Requirement: A mandate that RRBs allocate at least 20% of the pension liability annually over the extended amortization period.
• Notes to Accounts: A section in financial statements that explains accounting policies and financial implications transparently.
• Tier-I Capital: Core capital of a bank used to absorb losses; not impacted by unamortized pension liabilities as per RBI directive.

Tabular Summary:

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Business and Economy – Daily Current Affairs March 24

6. From which date will the revised MSME investment and turnover criteria be effective?
A) January 1, 2025
B) April 1, 2025
C) March 31, 2025
D) June 1, 2025
E) July 1, 2025
Answer: B) April 1, 2025

Event and Location:

• Event: Revision of MSME Investment and Turnover Classification Criteria
• Date: Effective from April 1, 2025
• Location: Across India

Mandates and Objectives:

• Objective of Revision: To broaden the coverage of MSMEs by updating outdated thresholds and enabling larger businesses to avail MSME benefits.
• Ease of Doing Business: The revision enhances credit access, allows scaling without losing MSME status, and supports inclusive economic growth.
• Budget Announcement: The changes were announced by Union Finance Minister Nirmala Sitharaman in the Union Budget 2025.

Important Terms Explained:

• MSME (Micro, Small, and Medium Enterprises): These are businesses classified based on their investment in plant & machinery or equipment and annual turnover.
• Revised Classification: Updated criteria that raise the threshold for both investment and turnover across micro, small, and medium categories.
• Turnover: Total revenue generated by a business during a financial year, a key parameter for classification.
• Investment in Plant & Machinery: Refers to the capital invested in fixed assets by the enterprise, excluding land and building.

Tabular Summary:

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7. What was the total dividend payout by Public Sector Banks (PSBs) in FY24?
A) ₹20,964 crore
B) ₹13,804 crore
C) ₹27,830 crore
D) ₹1.41 lakh crore
E) ₹50,232 crore
Answer: C) ₹27,830 crore

Event and Location:

• Event: Public Sector Banks report record net profit and 33% surge in dividend payout in FY24
• Date: FY2023–24
• Location: India

Mandates and Objectives:

• Dividend Growth Objective: To return increased value to shareholders, especially the government, from improved PSB performance.
• Financial Stability Indicator: Reflects strong asset quality, credit growth, and effective risk management strategies by PSBs.
• Turnaround Goal: Highlights the transformation of PSBs from a loss-making to a highly profitable sector through policy reforms.

Important Terms Explained:

• Dividend Payout: The portion of a company’s earnings distributed to shareholders. In PSBs’ case, a major portion goes to the Government of India.
• Net Profit: The final profit after tax and expenses, indicating the financial health of a company or bank.
• Recapitalization: Infusion of capital by the government to strengthen PSBs’ balance sheets and maintain regulatory capital requirements.
• Insolvency and Bankruptcy Code (IBC): A legal mechanism for resolving stressed assets and recovering bad loans efficiently.

Tabular Summary:

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8. According to the RBI’s March 2025 bulletin, which two countries have become the top sources of remittances into India, surpassing Gulf nations?
A) UAE and Saudi Arabia
B) Canada and Australia
C) U.S. and U.K.
D) Singapore and Australia
E) Qatar and Oman
Answer: C) U.S. and U.K.

Event and Location:

• Event: U.S. and U.K. replace Gulf nations as top remittance sources to India
• Date: FY2023–24 (as per RBI March 2025 bulletin)
• Location: India (with inflows from global destinations)

Mandates and Objectives:

• Remittance Shift Purpose: To highlight changing migration and remittance trends favoring developed economies over traditional Gulf sources.
• Workforce Migration Insight: Reflects the increasing number of Indian professionals and students in developed countries contributing to higher remittances.
• Policy Utility: Assists in understanding remittance flows for better economic and foreign exchange policy formulation.

Important Terms Explained:

• Remittance: A transfer of money by a foreign worker to individuals in their home country. It is a vital source of foreign exchange for India.
• RBI Remittances Survey: A periodic survey conducted by the Reserve Bank of India to understand the trends and sources of personal remittance inflows.
• Gulf Nations: Countries in the Gulf Cooperation Council (GCC) like UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman, traditionally major remittance sources.
• Transaction Size Trend: Provides insight into the value of remittance transfers—useful for gauging economic conditions and purpose (family support, investment, etc.).

Tabular Summary:

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Appointments – Daily Current Affairs March 24

9. Who has been appointed as the Chief Justice of the Orissa High Court in March 2024?
A) Justice Arindam Sinha
B) Justice Chakradhari Sharan Singh
C) Justice D.Y. Chandrachud
D) Justice Harish Tandon
E) Justice S. Muralidhar
Answer: D) Justice Harish Tandon

Event and Location:

• Event: Appointment of Justice Harish Tandon as Chief Justice of Orissa High Court
• Date: March 22, 2024
• Location: Orissa High Court, Cuttack, Odisha

Mandates and Objectives:

• Judicial Appointment Purpose: To fill the vacancy created after the retirement of Justice Chakradhari Sharan Singh.
• Collegium Recommendation: The appointment was based on a recommendation from the Supreme Court Collegium dated March 6, 2024.
• Judicial Strengthening: The appointment aims to ensure continuity, leadership, and effective judicial governance in the Orissa High Court.

Important Terms Explained:

• Supreme Court Collegium: A group of senior judges headed by the Chief Justice of India that recommends appointments and transfers of judges in High Courts and the Supreme Court.
• Acting Chief Justice: A judge temporarily appointed to discharge the functions of Chief Justice until a permanent appointment is made.
• Ministry of Law and Justice: The central ministry responsible for judicial appointments, legal reforms, and administration of justice in India.

Tabular Summary:

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10. Who has been appointed as the Interim MD & CEO of Edelweiss Asset Reconstruction Company (EARC) in March 2025?
A) Shyam Srinivasan
B) Mythili Balasubramanian
C) Rashesh Shah
D) Uday Kotak
E) Pallav Mohapatra
Answer: B) Mythili Balasubramanian

Event and Location:

• Event: Appointment of Interim MD & CEO at Edelweiss Asset Reconstruction Company
• Date: Effective immediately in March 2025 (until September 30, 2025)
• Location: Edelweiss ARC Headquarters, Mumbai

Mandates and Objectives:

• Leadership Appointment: To ensure business continuity by appointing an experienced interim MD & CEO.
• Strategic Focus: To continue growth in the distressed asset space through leadership with deep banking and resolution expertise.
• Succession Planning: A structured CEO selection process has been initiated by the Board to appoint a permanent CEO.

Important Terms Explained:

• Edelweiss ARC: A leading asset reconstruction company focused on acquiring and resolving stressed assets.
• NPA (Non-Performing Asset): Loans or advances where the borrower has stopped making interest or principal repayments for a specified period.
• IBC (Insolvency and Bankruptcy Code): A legal framework for resolution of insolvency in companies and individuals in India.
• Korn Ferry: A global executive search and consulting firm appointed to assist in selecting the next CEO.

Tabular Summary:

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11. Which regulatory body appointed five new members to the reconstituted Insurance Advisory Committee in 2025?
A) SEBI
B) RBI
C) IRDAI
D) Ministry of Finance
E) PFRDA
Answer: C) IRDAI

Event and Location:

• Event: Appointment of five new members to the Insurance Advisory Committee by IRDAI
• Date: Effective from the date of publication in the official gazette
• Location: India (IRDAI Headquarters – Hyderabad, Telangana)

Mandates and Objectives:

• Purpose of Appointment: To reconstitute the Insurance Advisory Committee with sectoral experts for more informed regulation and policy advice.
• Legal Provision: The appointments were made under Section 25 of the IRDA Act, 1999, and Regulation 3A of the IRDA (IAC) Regulations, 2000.
• Committee Role: To advise IRDAI on matters related to insurance policy, development, and consumer interests, representing sectors like commerce, industry, and consumer groups.

Important Terms Explained:

• Insurance Advisory Committee (IAC): A statutory committee under IRDAI that provides advice and recommendations on insurance-related matters.
• IRDA Act, 1999: The legislation that established the IRDAI as the apex regulator for the insurance sector in India.
• Regulation 3A of IRDA (IAC) Regulations, 2000: Specifies the procedure and guidelines for appointing members to the Insurance Advisory Committee.

Tabular Summary:

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Science and Technology – Daily Current Affairs March 24

12. Which Chinese EV manufacturer recently unveiled a 1,000 kW ultra-fast charging platform claiming to add 470 km of range in just 5 minutes?
A) Li Auto
B) Xpeng
C) Nio
D) BYD
E) Zeekr
Answer: D) BYD

Event and Location:

• Event: BYD unveils 1,000 kW ultra-fast EV charging platform
• Date: March 18, 2025
• Location: Shenzhen, China

Mandates and Objectives:

• Charging Time Reduction: BYD’s goal is to match petrol refueling speeds by drastically reducing EV charging time.
• Infrastructure Development: BYD plans to build over 4,000 ultra-fast charging stations across China.
• Product Integration: The new Super e-Platform will debut in BYD’s upcoming Han L sedan and Tang L SUV models.

Important Terms Explained:

• Super e-Platform: BYD’s new battery and charging system boasting peak speeds of 1,000 kW.
• Blade Battery: A lithium iron phosphate battery known for high safety and thermal stability, key to fast charging.
• 8-in-1 Powertrain: An integrated EV system improving energy efficiency, achieving up to 89%.
• Charging Speed Benchmark: BYD claims 470 km in 5 minutes, while Li Auto claims 500 km in 12 mins, and Tesla offers 275 km in 15 mins.
• Tesla Supercharger (comparison): Tesla’s latest chargers max out at 500 kW, half of BYD’s claimed speed.

Tabular Summary:

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International Affairs – Daily Current Affairs March 24

13. On which five Chinese-origin products has India imposed anti-dumping duties in 2025?
A) Steel coils, Electric motors, Paper rolls, LED lights, PVC pipes
B) Aluminium foil, Soft Ferrite Cores, Vacuum insulated flasks, Trichloro Isocyanuric Acid, PVC Paste Resin
C) Solar panels, Lithium batteries, Textile fabrics, Plywood, Glass sheets
D) Chemicals, Plastic granules, Steel bars, Copper wires, Car accessories
E) Mobile phones, Toy parts, Laptops, Circuit boards, Fertilizers
Answer: B) Aluminium foil, Soft Ferrite Cores, Vacuum insulated flasks, Trichloro Isocyanuric Acid, PVC Paste Resin

Event and Location:

• Event: India imposes anti-dumping duty on five Chinese products
• Date: March 2025
• Location: India (Imports from China and others)

Mandates and Objectives:

• Trade Protection Measure: To protect domestic manufacturers from injury caused by dumping of goods at unfairly low prices.
• WTO Compliance: Duties imposed are in accordance with World Trade Organization rules to ensure fair trade.
• Market Correction Goal: To prevent market distortion, restore competitiveness, and encourage domestic production.

Important Terms Explained:

• Anti-Dumping Duty: A tariff imposed on foreign imports sold below fair market value to safeguard domestic industry.
• Dumping: The practice of exporting goods at prices lower than their domestic value or cost of production.
• Countervailing Duty (CVD): A duty imposed to offset subsidies provided by exporting country governments to their industries.
• CIF Value: Cost, Insurance, and Freight value—used to calculate customs duty on imported goods.
• DGTR: Directorate General of Trade Remedies, the authority responsible for recommending trade remedial measures like anti-dumping duties.

Tabular Summary:

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14. What was the key focus of Union Minister Piyush Goyal’s address at the 10th CII India-LAC Conclave held in March 2025?
A) Strengthening India’s ties with Africa through agriculture
B) Enhancing economic and cultural partnership with the LAC region
C) Launching a new export policy for Southeast Asia
D) Promoting India’s trade with European Union countries
E) Initiating FTA talks with Gulf Cooperation Council
Answer: B) Enhancing economic and cultural partnership with the LAC region

Event and Location:

• Event: 10th CII India-LAC Conclave and India’s commitment to strengthening ties with Latin America & Caribbean (LAC)
• Date: March 19, 2025
• Location: New Delhi, India

Mandates and Objectives:

• Trade Expansion Goal: To double trade between India and the LAC region over the next five years.
• Strategic Collaboration: Focus on renewable energy, critical minerals (like lithium), healthcare, agriculture, and digital services.
• Cultural and Heritage Connection: To foster not just economic relations but also people-to-people connections through shared traditions and values.

Important Terms Explained:

• LAC Region: Latin America and Caribbean, a grouping of countries with growing trade relevance for India.
• CII India-LAC Conclave: A platform organized by the Confederation of Indian Industry to strengthen India’s engagement with LAC nations.
• MERCOSUR: A South American trade bloc consisting of Argentina, Brazil, Paraguay, and Uruguay aimed at promoting free trade and economic cooperation.
• Digital Public Infrastructure: Digital platforms enabling secure, accessible, and inclusive service delivery, like UPI and Aadhaar in India.

Tabular Summary:

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National Affairs – Daily Current Affairs March 24

15. Which institute organized Samarthya 2025, the National Competition on Corporate Rescue Strategies?
A) Indian Institute of Management Ahmedabad
B) National Institute of Financial Management
C) Indian Institute of Corporate Affairs
D) Indian School of Business
E) Institute of Chartered Accountants of India
Answer: C) Indian Institute of Corporate Affairs

Event and Location:

• Event: Samarthya 2025 – National Competition on Corporate Rescue Strategies
• Date: March 22–23, 2025
• Location: IICA Campus, Manesar, Haryana

Mandates and Objectives:

• Competition Aim: To provide students with real-time exposure in developing corporate rescue strategies.
• Industry Readiness: To nurture future corporate leaders capable of addressing financial distress in companies.
• Hands-on Learning: To enable experiential learning through financial analysis, case studies, and expert mentorship.

Important Terms Explained:

• Corporate Rescue Strategies: Techniques and plans implemented to revive financially distressed companies and restore solvency.
• Case Study Approach: A format where participants work on real-world scenarios to design strategic solutions.
• Financial Restructuring: Modifying a company’s financial structure to improve liquidity, reduce debts, or optimize performance.
• Expert Mentorship: Guidance provided by insolvency professionals, legal practitioners, and business leaders during the competition.

Tabular Summary:

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16. Which Indian state exported Anthurium flowers to Singapore for the first time in 2025?
A) Assam
B) Sikkim
C) Manipur
D) Mizoram
E) Meghalaya
Answer: D) Mizoram

Event and Location:

• Event: First-ever export of Anthurium flowers from Mizoram to Singapore
• Date: February 26, 2025 (flag-off ceremony)
• Location: Export route – Aizawl (Mizoram) → Kolkata → Singapore

Mandates and Objectives:

• Export Objective: To promote floriculture exports from Mizoram and enhance income generation for local farmers.
• Empowerment Goal: To economically empower women and small-scale flower growers through global trade.
• Promotion of NER Potential: To showcase the North Eastern Region’s capability in floriculture and ornamental horticulture.

Important Terms Explained:

• Anthurium Flowers: A tropical ornamental flower known for its shiny, heart-shaped leaves and vibrant spathes, popular in floral exports.
• APEDA: Agricultural and Processed Food Products Export Development Authority – promotes the export of agricultural products from India.
• Phygital Format: A hybrid format combining physical and digital presence for broader participation in events.
• Zo Anthurium Growers Cooperative Society: A farmer-led cooperative in Aizawl, Mizoram engaged in Anthurium cultivation and export.

Tabular Summary:

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17. Which initiative aims to revitalize public spaces in Delhi through art installations and heritage promotion?
A) Kala Jyoti Abhiyan
B) Bharat Art Drive
C) Project PARI
D) Art for All Scheme
E) Creative India Movement
Answer: C) Project PARI

Event and Location:

• Event: Launch and implementation of Project PARI – Public Art of India
• Date: Launched during the 46th Session of the World Heritage Committee
• Location: Currently implemented only in Delhi

Mandates and Objectives:

• Project Objective: To revitalize public spaces by integrating regional art forms through permanent public installations.
• Cultural Promotion: To promote and preserve traditional Indian art forms such as Phad, Thangka, Gond, and Warli.
• Heritage Safeguarding: To protect India’s artistic heritage while enhancing urban environments.

Important Terms Explained:

• Project PARI: Public Art of India initiative aimed at transforming public spaces into art-driven cultural landmarks.
• Lalit Kala Akademi (LKA): The nodal implementing agency responsible for preserving and maintaining public artworks.
• National Gallery of Modern Arts (NGMA): A collaborative body under the Ministry of Culture supporting modern and contemporary art initiatives.
• QR Code Integration: A digital initiative allowing public access to detailed information about each art installation.
• Regional Art Forms: Traditional painting styles like Phad (Rajasthan), Thangka (Tibetan), Gond (Madhya Pradesh), Warli (Maharashtra).

Tabular Summary:

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18. Which Indian silk recently received the Oeko-Tex certification from Germany for meeting international safety standards?
A) Muga Silk
B) Mulberry Silk
C) Tussar Silk
D) Eri Silk
E) Kosa Silk
Answer: D) Eri Silk

Event and Location:

• Event: Oeko-Tex Certification awarded to Indian Eri Silk
• Date: March 2025
• Location: India (North Eastern Region)

Mandates and Objectives:

• Certification Purpose: To ensure eri silk meets international standards of safety, environmental sustainability, and chemical-free production.
• Market Expansion Goal: To enhance India’s export potential by making eri silk acceptable in high-end and eco-conscious global markets.
• Consumer Confidence Objective: To build trust by guaranteeing that eri silk is free from harmful substances.

Important Terms Explained:

• Oeko-Tex Certification: An international label awarded to textiles that are tested and certified to be free from harmful levels of more than 100 substances known to be dangerous to human health.
• Eri Silk: Also known as Ahimsa silk, it is produced without killing the silkworm and is native to India’s North Eastern Region.
• NEHHDC: North Eastern Handicrafts and Handlooms Development Corporation Ltd., under the Ministry of Development of North Eastern Region, promotes handlooms and handicrafts from the Northeast.
• Silk Samagra-2 Scheme (2021–26): A government initiative to develop India’s sericulture sector, including eri silk, through R&D, infrastructure support, and training.
• Central Muga & Eri Research Institute: Located in Lahdoigarh, Assam, it undertakes research, training, and production support for Muga and Eri silk.

Tabular Summary:

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19. Which coal washery became India’s first to be successfully monetized, as announced by the Ministry of Coal in March 2025?
A) Jharia Coal Washery
B) Dugda Coal Washery
C) Kathara Coal Washery
D) Kargali Coal Washery
E) Rajrappa Coal Washery
Answer: B) Dugda Coal Washery

Event and Location:

• Event: Monetization of Dugda Coal Washery by Bharat Coking Coal Limited (BCCL)
• Date: March 19, 2025
• Location: Bokaro, Jharkhand

Mandates and Objectives:

• Asset Monetization Goal: To optimize underutilized coal infrastructure by enabling private sector participation.
• Energy Security Vision: To reduce India’s dependence on imported coking coal and promote Atmanirbhar Bharat.
• Efficiency Enhancement Objective: To improve coal washing and beneficiation processes for better domestic coal utilization.
• Revenue Generation Strategy: To earn revenue from non-core assets while enhancing coal sector competitiveness.

Important Terms Explained:

• Coal Washery: A facility that improves the quality of coal by reducing ash content and other impurities through physical processes.
• Monetization: The process of converting public assets into revenue-generating opportunities, often by involving the private sector.
• Beneficiation: The process of improving the physical or chemical quality of raw coal to make it more efficient and environmentally friendly.
• Atmanirbhar Bharat: A government initiative aimed at making India self-reliant in key sectors, including energy.

Tabular Summary:

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20. What is IndiGo’s target for international flight capacity share by fiscal year 2030?
A) 19%
B) 28%
C) 35%
D) 40%
E) 50%
Answer: D) 40%

Event and Location:

• Event: IndiGo plans major international expansion by FY2030
• Date: March 19, 2025
• Location: India (Global operations focus)

Mandates and Objectives:

• Expansion Goal: IndiGo aims to increase international flight capacity share from 28% to 40% by FY2030.
• Fleet Expansion: Plans to increase total aircraft from 437 to over 600 by 2030.
• Revenue Diversification: Strengthening international revenue, which currently accounts for around 10%.
• Service Enhancement: Adding business class seats to select aircraft to cater to premium demand.

Important Terms Explained:

• Available Seat Kilometres (ASK): A key metric used to measure an airline’s passenger carrying capacity.
• Business Class Expansion: A strategic move to generate higher yields as business class fares are priced ~3x economy fares.
• Fleet Modernization: Leasing wide-body aircraft like Boeing 787-9 Dreamliner for long-haul connectivity.

Tabular Summary:

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21. Which three Indian IT companies have partnered with Nvidia to develop AI solutions across healthcare, public services, and rail safety?
A) Infosys, TCS, HCLTech
B) Tech Mahindra, Wipro, LTTS
C) L&T Infotech, Cognizant, Capgemini
D) HCLTech, Infosys, Mindtree
E) TCS, Wipro, Tech Mahindra
Answer: B) Tech Mahindra, Wipro, LTTS

Event and Location:

• Event: Indian IT companies partner with Nvidia for AI collaborations
• Date: March 19, 2025
• Location: GTC Conference, California (Global Announcement)

Mandates and Objectives:

• Strategic Collaboration: To co-develop sector-specific AI solutions by combining Indian IT expertise with Nvidia’s AI capabilities.
• Innovation Focus: To enhance efficiency, safety, and public service delivery using real-time data and AI-powered automation.
• Public Sector Empowerment: Solutions are tailored for sectors like emergency response, education, and governance, while respecting data sovereignty.

Important Terms Explained:

• Pharmacovigilance (PV): Monitoring and assessment of pharmaceutical drug safety during and after clinical trials.
• Agentic AI (Wipro): AI solutions designed for public infrastructure, enabling nations to build customized AI applications.
• TrackEi (LTTS): An AI-based railway track inspection system using Nvidia’s Jetson platform for real-time defect detection.
• Nvidia GTC: GPU Technology Conference hosted by Nvidia to showcase global innovations in AI and accelerated computing.
• NeMo & NIM Microservices: Nvidia’s AI frameworks that accelerate development and deployment of large language and generative AI models.

Tabular Summary:

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22. As per the Tamil Nadu Budget 2025–26, what subsidy amount will be provided to 2,000 gig workers for purchasing new e-scooters?
A) ₹10,000
B) ₹15,000
C) ₹20,000
D) ₹25,000
E) ₹30,000
Answer: C) ₹20,000

Event and Location:

• Event: Tamil Nadu Budget 2025–26 announcement for gig workers and labour welfare
• Date: March 14, 2025
• Location: Tamil Nadu

Mandates and Objectives:

• Subsidy Scheme for Gig Workers: The Tamil Nadu government will provide a subsidy of ₹20,000 each to 2,000 internet-based gig workers registered with the Tamil Nadu Platform-Based Gig Workers Welfare Board to support the purchase of new e-scooters.
• Social Security Support: A group insurance scheme will be introduced for nearly 1.5 lakh internet-based service workers to offer compensation in cases of accidental death or disability.
• Workplace Amenities: Lounges with essential facilities will be established in metropolitan cities like Chennai and Coimbatore to support gig workers.

Important Terms Explained:

• Gig Workers: Individuals engaged in income-earning activities outside traditional employer-employee structures, often via online platforms (e.g., delivery, ride-hailing).
• Tamil Nadu Platform-Based Gig Workers Welfare Board: A state body formed to implement welfare schemes and benefits for gig and platform-based workers.
• Group Insurance Scheme: A collective insurance plan that offers financial compensation in case of accidents, death, or disability.

Tabular Summary:

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23. Which city is set to establish India’s first green waste processing plant under the PPP model?
A) Bhopal
B) Mumbai
C) Jaipur
D) Indore
E) Pune
Answer: D) Indore

Event and Location:

• Event: Establishment of India’s first PPP-model green waste processing plant under Swachh Bharat Mission-Urban
• Date: March 18, 2025
• Location: Indore, Madhya Pradesh (Bicholi Hapsi)

Mandates and Objectives:

• Green Waste Management: To process green waste (wood, branches, leaves, etc.) and convert it into eco-friendly, reusable materials.
• Revenue Generation Objective: Indore Municipal Corporation (IMC) to earn approx. ₹3,000 per tonne as royalty for green waste supplied.
• Environmental Sustainability Goal: Promote air quality improvement and cleaner alternatives to coal through wooden pellets and sawdust products.
• Public-Private Collaboration: Partnering with Astronomical Industries Private Limited for infrastructure, operations, and innovation.
• Circular Economy Promotion: Utilization of by-products like sawdust in multiple industries (furniture, food, fuel, fertilizer, packaging).

Important Terms Explained:

• PPP (Public-Private Partnership): A collaborative model where government and private companies jointly execute and maintain projects.
• Green Waste: Organic waste from gardens or trees, such as branches, leaves, flowers, and grass clippings.
• Wooden Pellets: Compressed biomass products used as a clean fuel alternative, often replacing coal in industries like NTPC.
• Sawdust Applications: A versatile byproduct used for eco-fuel, compost, biodegradable plates, and furniture materials.
• Swachh Bharat Mission-Urban: A flagship national mission by the Government of India for cleanliness, solid waste management, and sanitation in urban areas.

Tabular Summary:

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