Daily Current Affairs Quiz for UPSC : 1 Oct 2025

Which of the following statements about Short-Term Local-Currency Rating (ST-LC Rating) are correct?

1. ST-LC rating assesses an entity’s ability to meet its short-term debt obligations denominated in the domestic currency.

2. ST-LC ratings are primarily concerned with long-term solvency and economic growth prospects rather than liquidity.

3. These ratings are typically expressed in symbols such as P-1, P-2, and P-3 to indicate varying levels of creditworthiness.

Consider the following statements with reference to the International Red Cross and Red Crescent Movement:

1. The International Committee of the Red Cross (ICRC) has a permanent observer status at the United Nations General Assembly.

2. The Red Crescent emblem is used only in Islamic countries, while the Red Cross emblem is restricted to Christian-majority states.

3. The International Federation of Red Cross and Red Crescent Societies (IFRC) coordinates international assistance following natural disasters but not in armed conflicts.

Which of the above statements is/are correct?

Consider the following statements regarding the United Nations High Commissioner for Refugees (UNHCR):

1. The UNHCR was created by the UN General Assembly in 1950 with a mandate to protect and assist refugees.

2. India is a signatory to both the 1951 Refugee Convention and its 1967 Protocol under which UNHCR operates.

3. The Nansen Refugee Award is conferred annually by the UNHCR to individuals or organizations for outstanding service to the refugee cause.

Which of the statements given above is/are correct?

With reference to the World Food Programme (WFP), consider the following statements:

1. The World Food Programme was established in 1961 by the United Nations General Assembly and the Food and Agriculture Organization (FAO).

2. It is the world’s largest humanitarian organization focused on hunger and food security, and it was awarded the Nobel Peace Prize in 2020.

3. India is one of the largest donor countries to WFP and hosts its first-ever country office outside Rome headquarters.

Which of the above statements is/are correct?