Correct Answer : 25 basis points
The Reserve Bank of India (RBI) has announced the second set of measures to preserve financial stability and help put money in the hands of the needy and disadvantaged during the extended lockdown due to the COVID-19 crisis. RBI has approved to conduct a second set of targeted long-term repo operations (TLTRO 2.0) for an initial aggregate amount of Rs.50,000 crore. Reverse repo rate has been reduced by 25 basis points (bps) from 4.0% to 3.75% with immediate effect. Liquidity Coverage Ratio requirement for scheduled commercial banks has been brought down from 100% to 80% with immediate effect. It aims to improve the liquidity position for individual institutions.
Correct Answer : Puducherry
* Puducherry led the nation with 53.03% women electors in the 2024 Lok Sabha Elections, making it the state/UT with the highest percentage of women electors. * This significant milestone highlights the territory's efforts towards promoting inclusivity and gender equality in the electoral process. * The achievement is particularly notable, considering the overall increase in female electors and their participation in the elections.
Correct Answer : South Korea
* South Korea's parliament impeached Acting President Han Duck-soo on December 27, 2024, amid growing dissatisfaction over his refusal to appoint three judges to the Constitutional Court. * This event followed the impeachment of President Yoon Suk Yeol on December 14, 2024, after he briefly imposed martial law. * The impeachment of Han marked a historic moment as it was the first time an acting president in South Korea was impeached. * The political crisis significantly impacted the country, contributing to economic instability, with the Korean won reaching its lowest value in nearly 16 years.
