Daily Current Affairs Quiz for UPSC : 20 Dec 2025

With reference to the Reserve Bank of India’s forex interventions, consider the following statements:

1. Spot interventions lead to an immediate reduction in India’s foreign exchange reserves.
2. Forward interventions do not immediately impact the central bank’s reserves as the actual delivery of foreign currency occurs at a later date.
3. Spot interventions are more effective in signaling RBI’s commitment to defend the rupee compared to forward interventions.

Which of the statements given above is/are correct?

With reference to Supplementary Demands for Grants in India, consider the following statements:

1. They are presented under Article 115 of the Constitution when the amount authorised in the Appropriation Act is found insufficient for the current financial year.
2. These grants must be presented and passed by Parliament before the end of the financial year.
3. Unlike Excess Grants, Supplementary Demands do not require prior approval from the Public Accounts Committee.

Which of the statements given above is/are correct?

With reference to the 2025 United States National Security Strategy (NSS), consider the following statements:

1. It explicitly prioritizes the Western Hemisphere as a core national interest, invoking a “Trump Corollary” to the Monroe Doctrine to counter external influence (especially from China).
2. The NSS criticizes past U.S. foreign policy for pursuing “permanent American domination of the entire world” and declares the end of the era where the U.S. props up the global order alone.
3. Unlike previous NSS documents, it frames competition with China primarily as an economic issue rather than a systemic ideological or military threat.

Which of the statements given above is/are correct?

Consider the following statements regarding the President’s power under Article 72 of the Constitution:

1. The President can grant pardon in cases where the punishment is by a Court Martial.
2. The power to grant pardon is available only in respect of offences against laws made by Parliament, not State laws.
3. The President’s decision under Article 72 is subject to judicial review on grounds of arbitrariness or mala fide.

Which of the statements given above is/are not correct?