1. What does the Real Effective Exchange Rate (REER) of a currency reflect?

• The nominal exchange rate of the currency against the US dollar
• The exchange rate between the currency and each of its major trading partners, adjusted for inflation
• The inflation rate of a country relative to its trading partners
• The average price of goods and services in a country compared to its trading partners

2. What is the primary goal of the committee chaired by Dr. Pushpak Bhattacharyya set up by the RBI?

• To develop a framework for regulating AI in the tech industry
• To assess the global impact of AI on the banking sector
• To create a framework for the responsible and ethical use of Artificial Intelligence in the financial sector
• To promote AI-based banking services to consumers

3. Which ministry is responsible for the implementation of the Operation Green Scheme?

• Ministry of Agriculture and Farmers Welfare
• Ministry of Rural Development
• Ministry of Food Processing Industries
• Ministry of Commerce and Industry

4. Which state reported the highest per capita expenditure in both rural and urban areas, as per the HCES 2023-24?

• Maharashtra
• Punjab
• Bihar
• Sikkim

5. Which event was inaugurated in 2023 to promote lighthouse tourism and India's maritime heritage?

• Indian Maritime Heritage Festival
• Bharatiya Prakash Stambh Utsav
• Lighthouse Festival of India
• Coastal Tourism and Heritage Festival