1. What was the significant achievement demonstrated by India with the Akash missile in the Astrashakti military exercise?
Answer: Engaging four aerial targets simultaneously at 25 km.
2. What is the primary purpose of the Akash missile system?
Answer: Short-range surface-to-air defense.
3. Who has been approved as Israel’s new Ambassador to India, along with non-resident roles in Sri Lanka and Bhutan?
Answer: Reuven Azar.
4. What is the cost of constructing the 402 km segment of the Eastern Dedicated Freight Corridor?
Answer: Rs 10,903 crores.
5. What is the Cash Reserve Ratio (CRR) as per the latest RBI MPC update?
Answer: 4.5%.
6. What is the primary focus of the ‘Indus Solitaire Program’ launched by IndusInd Bank?
Answer: Diamond industry.
7. What is the primary expectation of S&P Global Ratings regarding credit strength in Asian emerging economies?
Answer: Stability in credit ratings.
8. How does Open Market Operation (OMO) contribute to monetary management?
Answer: It involves outright purchase and sale of government securities.
9. Why is there a growing demand for a fuel price cut?
Answer: International crude oil prices stabilizing below $80 per barrel.
10. What is the annual return on equities for NPS as of December 8, 2023?
Answer: 16.94%.
