DAILY CURRENT AFFAIRS QUIZ – 12 October 2024

Ans. b

Explanation:

• Statement 1 is incorrect.VRRR auctions are conducted by the RBI to absorb or withdraw liquidity from the banking system, not to inject liquidity.
• Statement 2 is correct.Reverse Repo is the rate at which RBI borrows money from commercial banks, not the rate at which RBI lends.
• Statement 3 is correct.Repo Rate is used by monetary authorities as a tool to manage inflation by influencing the money supply.

Ans. c

Explanation:

• Statement 1 is correct.Reverse Repo is a monetary policy instrument utilized by the RBI to regulate the money supply in the country.
• Statement 2 is correct.Reverse Repo involves the RBI paying interest to commercial banks for their excess cash reserves parked with the central bank.

Ans. b

Explanation:

• Statement 1 is incorrect. rustica, is limited to India, Russia, and a few other Asiatic countries. It is not extensively cultivated across various countries worldwide.

Statement 2 is correct. Gujarat as the top producer of N. tabacum in India, having the highest production and productivity.

Ans. d

Explanation:

• Statement 1 is incorrect.The tobacco cultivation was introduced by the Portuguese in the 17th century, not by the British colonialists in the 18th century.
• Statement 2 is incorrect. The rainfall should not exceed 1200 mm during the season for successful tobacco cultivation. It also notes that tobacco is sensitive to waterlogging.

Ans. d

Explanation:

• Statement 1 is incorrect. The Tobacco Board operates under the Ministry of Commerce and Industry, not the Ministry of Agriculture and Farmers’ Welfare.
• Statement 2 is incorrect.The headquarters of the Tobacco Board are located in Guntur, Andhra Pradesh, not Visakhapatnam.