Govt. Exams
Entrance Exams
The Indian Supreme Court achieved the milestone of disposing over 10,000 cases in 2024, part of Chief Justice initiatives to reduce case backlogs.
Emilia Pérez, a French-Mexican film directed by Jacques Audiard, won the Palme d'Or at the 2024 Cannes Film Festival.
# India's RBI Inflation Target Band 2024
The Reserve Bank of India maintains a specific inflation target range to balance economic growth with price stability.
Step 1: Understanding RBI's Inflation Mandate
The RBI operates under a flexible inflation targeting framework established by the Government of India, aiming to keep Consumer Price Index (CPI) inflation within a predetermined band to ensure monetary policy credibility and economic stability.
Step 2: 2024 Inflation Performance
Throughout 2024, India's CPI inflation remained primarily within the RBI's medium-term target band of 2-6%, fluctuating between these limits despite various economic pressures. The RBI used this band as its operational framework to guide monetary policy decisions and interest rate adjustments.
The correct answer is (D) 2-6%, which represents the RBI's official inflation target band that India's CPI remained within for most of 2024.
India's unemployment rate in Q3 2024 was around 4.1%, showing a stable labor market despite global economic headwinds.
Ahmedabad was designated as the World Design Capital 2024 by the International Council of Societies of Industrial Design.
India set an ambitious target to manufacture 15 billion semiconductor chips annually by 2030 under its semiconductor mission launched in 2024.
# FDI Inflows to India in 2024
Foreign Direct Investment (FDI) represents capital inflows from foreign investors into a country's economy, serving as a key indicator of economic attractiveness and growth potential.
## Step 1: Understanding FDI Context for India
India has emerged as one of the world's fastest-growing economies and a preferred destination for global investors due to its large market, demographic dividend, manufacturing potential, and business-friendly policies under initiatives like "Make in India" and improved ease of doing business rankings.
## Step 2: 2024 FDI Projection Analysis
According to World Investment Report 2024 and various international financial agencies, India's FDI inflows in 2024 were projected at approximately 81.04 billion USD, reflecting consistent investor confidence despite global economic uncertainties. This figure represents growth from previous years and positions India among the top FDI recipient nations globally.
The correct answer is (D) 81.04 billion USD — representing a significant inflow that underscores India's robust economic fundamentals and investor sentiment.
India's inflation rate in mid-2024 hovered around 5.5-6.5%, within the RBI's tolerance band, with the central bank maintaining its monetary policy stance.
'All We Imagine as Light' directed by Payal Kapadia won critical acclaim at Cannes Film Festival 2024.
# India's 2024 International Organization Elections
In 2024, India held elections for the leadership of the International Solar Alliance, a global initiative focused on promoting solar energy adoption among member nations.
Step 1: Understanding ISA's Role
The International Solar Alliance (ISA) is an intergovernmental organization founded in 2015 with India as a founding member, dedicated to promoting solar energy and addressing climate change through renewable energy cooperation among nations.
Step 2: 2024 Leadership Elections Context
In 2024, India conducted elections for ISA's leadership positions, reflecting India's pivotal role in the organization and its commitment to global solar energy initiatives and sustainable development goals.
Final Answer: (A) ISA (International Solar Alliance) — India held elections for the ISA's leadership in 2024, demonstrating the country's leadership in global solar energy initiatives and international environmental cooperation.
