Daily Current Affairs Quiz for UPSC : 23 Dec 2025

Consider the following statements about India’s Incremental Capital Output Ratio (ICOR):

1. ICOR is calculated as (Gross Fixed Capital Formation as % of GDP) / (Real GDP growth rate).
2. India’s ICOR declined significantly from around 7.5 in FY 2011-12 to a low of about 3.5 in FY 2021-22, reflecting improved capital efficiency.
3. Recent estimates for FY 2024-25 place India’s ICOR around 5 or slightly above, due to moderate growth and stable investment rates.
4. A high ICOR in India during 2010-13 was primarily due to twin balance sheet issues and stalled projects.

Which of the statements given above are correct?

With reference to the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006, consider the following statements:

1. While Forest Dwelling Scheduled Tribes (FDST) must prove they primarily resided in the forest prior to December 13, 2005, Other Traditional Forest Dwellers (OTFD) must prove residence for at least three generations (75 years) prior to the same date.

2. The Gram Sabha is the final authority to approve or reject the forest rights claims, and its decision cannot be challenged in any court of law.

3. The Act allows for the “Right of Ownership” over all forest produce, including timber and non-timber forest products, to ensure the livelihood of the forest dwellers.

4. Rights recognized under this Act are heritable but are strictly non-alienable and non-transferable.

Which of the statements given above is/are correct?

With reference to the recent address by N.K. Singh (Chairman, 15th Finance Commission) at the 108th Indian Economic Association (IEA) Conference, consider the following statements:

1. The “General Government” fiscal health refers exclusively to the Central Government’s ability to manage its debt-to-GDP ratio as per the 2017 FRBM amendments.

2. In the context of the Fiscal Responsibility and Budget Management (FRBM) framework, it is proposed that the “Fiscal Deficit” should serve as the primary anchor for fiscal discipline rather than “Total Debt.“

3. The Incremental Capital Output Ratio (ICOR) in India has shown an improving trend, moving from 5 to 4.5, indicating higher efficiency in capital utilization.

4. Comparing the developmental trajectories of India and China, Singh argued that China’s higher per capita income is primarily a result of its authoritarian political structure allowing for faster decision-making.

Which of the statements given above is/are correct?

Consider the following statements regarding the Viksit Bharat Shiksha Adhishthan Bill, 2025:

1. It provides for the repeal of the University Grants Commission Act, 1956, the All India Council for Technical Education Act, 1987, and the National Council for Teacher Education Act, 1993.
2. The Viksit Bharat Shiksha Adhishthan consists of a Chairperson and not more than 12 other members, with appointments made by the President of India.
3. Professional education in fields like medicine, law, and pharmacy is fully covered under the Bill’s regulatory framework.

Which of the statements given above is/ are correct?