Daily Current Affairs Quiz for UPSC : 6 March 2025

Which of the following statements about USD/INR Buy/Sell swaps is/are correct?

1. A Buy/Sell swap involves the RBI buying US dollars from banks and injecting rupee liquidity into the system.
2. The swap agreement includes a fixed time for the RBI to sell back the US dollars to banks.
3. USD/INR swaps are used solely for managing foreign exchange reserves.

Which of the following statements is/are correct regarding the impact of OMO purchases and USD/INR swaps?

1. OMO purchases lead to an increase in liquidity, which can help stabilize or reduce interest rates.
2. USD/INR swaps help manage rupee liquidity and can address volatility in the foreign exchange market.
3. Both measures are primarily used to increase forex reserves during a liquidity surplus.

Which of the following statements about quantum technology is/are correct?

1. Quantum technology leverages the principles of superposition and entanglement.
2. Quantum computing is based on classical bits that can exist in only two states: 0 and 1.
3. Quantum communication ensures highly secure data transfer through quantum key distribution (QKD).

Which of the following statements about the origins and historical context of Radical Democracy is/are correct?

1. It emerged as a response to the exploitation of liberal democracy under capitalism in the 19th century.
2. It was primarily driven by monarchist ideologies during the 20th century.
3. It reacted to the failures of collectivist doctrines and dictatorship in the 20th century.