Daily Current Affairs Quiz for UPSC : 17 Jan 2025

Which of the following statements is/are correct regarding Real Exchange Rate (RER) and Nominal Exchange Rate (NER)?

1. Nominal Exchange Rate is the rate at which one country’s currency can be exchanged for another currency, without adjusting for inflation differences between the two countries.
2. Real Exchange Rate adjusts the Nominal Exchange Rate by the relative price levels of the two countries, providing a more accurate measure of the currency’s purchasing power.
3. A high Real Exchange Rate indicates that the domestic currency has higher purchasing power compared to foreign currencies.

Which of the following statements about the Interest Equalisation Scheme (IES) is/are correct?

1. The scheme was introduced by the Government of India to provide a subsidy to exporters on pre- and post-shipment export credit.
2. The IES aims to equalise the interest rates between Indian exporters and their international competitors.
3. The scheme is designed to enhance India’s exports by offering preferential interest rates to domestic exporters compared to international standards.

Which of the following statements are true regarding the FTI-TTP (Facial Recognition-based Travel and Immigration System)?

1.The FTI-TTP allows travelers to complete immigration clearance by scanning their boarding passes and passports at automated e-gates, where their biometrics are automatically verified.
2.The program is currently available for all travelers, including ECR passport holders, and has no age restrictions.
3. The program will be implemented in two phases, with the first phase covering Indian nationals and OCI cardholders, and the second phase expanding to foreign travelers.

Which of the following statements about Tamil Nadu’s ‘drone didis’ is/are correct?

1. They are part of an initiative to deliver essential services in rural areas using drones.

2. The ‘drone didis’ primarily focus on flying drones for agricultural purposes only.

3. The initiative was launched to empower women and provide them with technical training for drone operation.