Daily Current Affairs - 2025-05-28
Q1Why are political parties in Tamil Nadu expressing strong opposition to the Reserve Bank of India's (RBI) recent draft norms regarding gold loans?Options
AThey believe it will increase interest rates for gold loans.BThey argue it will adversely affect farmers and small traders who depend on gold loans.CThey fear it will lead to the nationalization of private gold loan companies.DThey demand a complete ban on gold loans.
Options
Correct answer
They argue it will adversely affect farmers and small traders who depend on gold loans.
Explanation
The opposition stems from concerns that the RBI's draft norms, such as increasing the Loan-to-Value (LTV) ratio for gold loans, could negatively impact the livelihood of farmers and small traders in Tamil Nadu who frequently rely on such loans for working capital.
Q2The Tamil Nadu government recently constituted its Seventh State Finance Commission. What is the primary role of a State Finance Commission?Options
ATo oversee the state's budget allocation for central schemes.BTo recommend the distribution of state taxes between the state government and local bodies.CTo manage the state's foreign investments.DTo audit the accounts of state-owned public sector undertakings.
Options
Correct answer
To recommend the distribution of state taxes between the state government and local bodies.
Explanation
State Finance Commissions are constitutional bodies responsible for reviewing the financial position of local bodies and making recommendations to the Governor on the distribution of taxes, duties, tolls, and fees between the state and local governments.
Q3The Tamil Nadu State Committee on Centre-State Relations is set to open a camp office in which city to facilitate its work and dialogue with the Union government?Options
ABengaluruBHyderabadCNew DelhiDMumbai
Options
Correct answer
New Delhi
Explanation
The Tamil Nadu State Committee on Centre-State Relations, constituted by the state government, will establish a camp office in New Delhi to enable closer coordination and discussion with the Union government on various matters concerning state-centre relations.
Q4Tamil Nadu Chief Minister M.K. Stalin recently inaugurated free houses for Irular families near Arakkonam. This initiative primarily supports which segment of the population?Options
AFishermen communitiesBTribal communitiesCArtisan communitiesDPhysically challenged individuals
Options
Correct answer
Tribal communities
Explanation
The Irular are an indigenous tribal community predominantly found in Tamil Nadu. The provision of free houses is a welfare measure aimed at improving the living conditions and social integration of such vulnerable tribal groups.
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Q5Which historically discriminatory term, often used to denote residential areas, has the Tamil Nadu government recently banned from official records to promote social justice and respect?Options
ACheriBColonyCPattinamDAgraharam
Options
Correct answer
Colony
Explanation
The Tamil Nadu government has banned the use of the term 'colony' in official records, recognizing its derogatory connotations and its historical association with segregated residential areas for marginalized communities. The move aims to foster inclusivity and respect for all citizens.
Q6Under what condition has the Chennai Corporation Council recently expressed 'no objection' to issuing patta (land ownership documents) for residents who built houses in unobjectionable poramboke lands over 10 years ago?Options
AIf the residents agree to pay a premium price for the land.BIf the lands are required for public infrastructure projects.CIf the encroachments are on unobjectionable poramboke lands for a specific period.DIf the residents provide alternative land to the Corporation.
Options
Correct answer
If the encroachments are on unobjectionable poramboke lands for a specific period.
Explanation
The Chennai Corporation Council's resolution specifies that patta can be issued for residents who have built houses in unobjectionable poramboke lands for over 10 years, regularizing their occupancy under certain conditions and promoting land rights for long-term dwellers.
Q7Which public sector bank, headquartered in Chennai, has recently collaborated with Amul and Richplus to promote organic farming initiatives in Tamil Nadu?Options
AState Bank of India (SBI)BIndian Overseas Bank (IOB)CCanara BankDPunjab National Bank (PNB)
Options
Correct answer
Indian Overseas Bank (IOB)
Explanation
Indian Overseas Bank (IOB), a major public sector bank with its headquarters in Chennai, has partnered with Amul and Richplus to support and promote organic farming practices, particularly benefiting farmers in Tamil Nadu.
Q8The Central Government recently issued a clarification regarding media reports on the excavation report of which significant archaeological site located in Tamil Nadu?Options
AAdichanallurBPorunthalCKeeladiDKodumanal
Options
Correct answer
Keeladi
Explanation
The clarification from the Central Government aimed to address ongoing discussions and media reports concerning the findings and interpretations of the archaeological excavations at Keeladi, a site crucial for understanding ancient Tamil civilization.
Q9Which indigenous jet engine, developed by DRDO, is nearing its final stages of development and has recently undergone trials in Russia, marking a significant boost for India's defence capabilities?Options
AShaktiBTejasCKaveriDVarun
Options
Correct answer
Kaveri
Explanation
The Kaveri jet engine, developed by the Defence Research and Development Organisation (DRDO), is an ambitious indigenous project aimed at powering India's advanced fighter aircraft. Its recent trials in Russia are a crucial step towards its operational readiness and self-reliance in aerospace technology.
Q10India aims to become the world's third-largest economy and achieve its Net Zero emissions target by which respective years?Options
A2030 and 2050B2035 and 2060C2047 and 2070D2050 and 2080
Options
Correct answer
2047 and 2070
Explanation
Dr. Jitendra Singh stated that a robust ecosystem will help India propel itself to be the world’s third-largest economy by 2047 (the centenary of India's independence), and low-carbon technologies will be key to achieving India’s Net Zero target by 2070.
Q11What is the name of India's first indigenous electric trainer aircraft, recently unveiled as a game-changer in green aviation and aimed at boosting indigenous capabilities?Options
APawan HansBE-HansaCVayudootDAkash Ganga
Options
Correct answer
E-Hansa
Explanation
E-Hansa is India's first indigenous electric trainer aircraft, developed to promote green aviation and enhance self-reliance in aerospace technology. Its launch marks a significant step in sustainable aviation and domestic manufacturing.
Q12The Defence Research and Development Organisation (DRDO) recently inaugurated a dedicated Quantum Technology Research Centre in which city to boost India's defence capabilities and cyber sovereignty?Options
ABengaluruBChennaiCDelhiDHyderabad
Options
Correct answer
Delhi
Explanation
DRDO's new Quantum Technology Research Centre in Delhi is a strategic initiative to advance indigenous capabilities in quantum computing, communication, and sensing, which are crucial for future defence and cybersecurity applications.