DAILY CURRENT AFFAIRS QUIZ – 16 April 2025

Answer: (a) 1 and 3 only

Explanation:

• Statement 1 is correct. The PAC examines the C&AG report after it is presented in Parliament.
• Statement 2 is incorrect. Since 1967-68, the Chairperson has been a member of the Opposition.
• Statement 3 is correct. The PAC scrutinizes not just formalities but also the wisdom, faithfulness, and economy of expenditures.

Answer: (b) 1 and 3 only

Explanation:

• Statement 1 is correct. VFI refers to the fiscal gap where sub-national governments’ expenditures are not fully covered by their own revenues.
• Statement 2 is incorrect. VFA refers to the asymmetry in revenue and expenditure responsibilities between different levels of government, not regions.
• Statement 3 is correct. VFI can be mitigated through financial transfers from the Union to state governments to address the fiscal gap.

Answer: (b) 1 and 3 only

Explanation:

• Statement 1 is correct. The LDF was indeed established at COP27 in Egypt in 2022.
• Statement 2 is incorrect. The LDF supports both economic and non-economic losses caused by climate change.
• Statement 3 is correct. The World Bank is the interim trustee for the LDF.

Answer: (b) 2 and 3 only

Explanation:

• Statement 1 is incorrect. Interpol is an independent international organization and is not a part of the United Nations system.
• Statement 2 is correct. Interpol is headquartered in Lyon, France, and has 195 member countries.
• Statement 3 is correct. The General Assembly, consisting of one delegate from each member country, is Interpol’s supreme decision-making body.

Answer: (c) 1 and 3 only

Explanation:

• Statement 1 is correct. Valley Fever, or coccidioidomycosis, is indeed caused by the fungus Coccidioides, which is found in soil in specific regions.
• Statement 2 is incorrect. Valley Fever does not generally spread from person to person or from animals to people, except in rare cases like organ transplantation or wound contact.
• Statement 3 is correct. About 1% of symptomatic cases of Valley Fever progress to severe disease with serious complications.