Daily Current Affairs Quiz for UPSC : 22 Jan 2025

Consider the following statements regarding Gross External Debt Position:

1. Gross external debt refers to the total public and private debt owed by a country to foreign creditors.
2. It is expressed in terms of the domestic currency of the borrowing country.
3. A high gross external debt-to-GDP ratio indicates higher economic vulnerability.

Which of the above statements is/are correct?

Which of the following statements about fiscal prudence is/are correct?

1. Fiscal prudence refers to the practice of ensuring that government expenditure does not exceed revenue in the long run.
2. Fiscal prudence aims to promote sustainable economic growth by minimizing fiscal deficits.
3. Fiscal prudence discourages the use of fiscal policy tools such as government borrowing during economic downturns.

Which of the following statements is/are correct regarding the PM Internship Scheme?

1. The PM Internship Scheme is designed to provide short-term internship opportunities in various government departments for youth.
2. It is implemented by the Ministry of Youth Affairs and Sports.
3. The scheme aims to enhance skill development and exposure to governance.

Which of the following statements about retrofit projects is/are correct?

1. Retrofit projects involve making modifications to existing structures to improve their functionality or efficiency.
2. Retrofit projects are only applicable to residential buildings and not industrial or commercial structures.
3. Retrofitting can include energy efficiency measures, seismic strengthening, and improved structural durability.