Daily Current Affairs Quiz for UPSC : 8 Aug 2025

Consider the following statements regarding Biochar:

1. Biochar is produced by the pyrolysis of biomass in the complete absence of oxygen, resulting in a stable form of carbon that resists decomposition for hundreds of years.

2. Addition of biochar to soil can improve water retention and nutrient availability while also reducing nitrous oxide emissions.

3. Under the Intergovernmental Panel on Climate Change (IPCC) guidelines, biochar application to soils is counted as a form of carbon sequestration eligible for reporting in national greenhouse gas inventories.

Which of the above statements is/are correct?

With reference to the concept of a Goldilocks Economy, consider the following statements:

1. It refers to an economy growing at a moderate pace with stable inflation, avoiding both overheating and recession.

2. The term originated in economic literature during the stagflation crisis of the 1970s in the United States.

3. In a Goldilocks scenario, central banks are generally expected to tighten monetary policy aggressively to prevent inflation from falling too low.

Which of the statements given above is/are correct?

Consider the following statements regarding the Producer Price Index (PPI) in India:

1. The PPI measures the average change over time in the selling prices received by domestic producers for their output, excluding indirect taxes.

2. In India, the PPI has replaced the Wholesale Price Index (WPI) as the official measure of producer inflation.

3. The Reserve Bank of India publishes the PPI data on a monthly basis.

Which of the statements given above is/are correct?

With reference to the Russia–India–China (RIC) trilateral framework, consider the following statements:

1. The RIC concept was first proposed in the late 1990s by the then Russian Prime Minister Yevgeny Primakov.

2. The first formal RIC Foreign Ministers’ meeting was held in New Delhi in 2002.

3. After the 2020 Galwan Valley incident, no RIC-level meeting has been held till date.

Which of the statements given above is/are correct?