Current Affairs MCQs – June 09

FCNR(B) deposits allow Non-Resident Indians (NRIs) to maintain fixed deposits in designated foreign currencies with Indian banks.
Since FCNR(B) deposits are maintained in foreign currency, they protect depositors from exchange rate fluctuations between the deposit currency and the Indian Rupee.

Both Statement 1 and Statement 2 are correct, and Statement 2 explains Statement 1
Both Statement 1 and Statement 2 are correct, but Statement 2 does not explain Statement 1
Statement 1 is correct, but Statement 2 is incorrect
Statement 1 is incorrect, but Statement 2 is correct

RBI decided to bear the full hedging cost on fresh FCNR(B) deposits till September 30, to attract NRI dollar deposits and support the rupee.
FCNR(B) Deposit is a fixed deposit that non-resident Indians can hold in foreign currency (US dollar, pound, euro, yen, Canadian dollar or Australian dollar) with Indian banks.
These accounts allow NRIs to deposit money in foreign currency without converting it into Indian Rupees, thereby protecting them from exchange rate fluctuations.
The deposits offer tax-free interest income, full repatriability of principal and interest, and protection against exchange rate fluctuations.

The Three-Language Formula requires students in all states to study Hindi, English, and their regional language.
The Three-Language Formula was first conceived by the Central Advisory Board of Education and was later modified by the Kothari Commission.
The National Education Policy (NEP) 2020 provides flexibility by stipulating that at least two of the three languages should be native to India and states that no language will be imposed on any state.

The TLF requires students to learn the regional mother tongue, English, and a third language — Hindi in non-Hindi states and a modern Indian language, preferably Southern, in Hindi-speaking states.
Objective: Promote national integration, linguistic inclusivity, and bridge the North-South language gap.

Evolution:
- Radhakrishnan Committee (1948-49), proposed a multi-language academic framework.
- The Central Advisory Board of Education (1956) conceived the TLF, later modified by the Kothari Commission (1964-66); it was adopted in the 1968 National Policy on Education, reaffirmed in 1986, and revised in 1992 to promote linguistic diversity and unity.

NEP 2020 allowed regional flexibility by requiring that at least two of the three languages be native to India and explicitly stating that no language will be imposed by force.

Majorana 2 is an experimental quantum processor developed by Google that uses topological qubits.
Topological qubits are designed to be more resistant to errors than conventional qubits.

Majorana 2 is Microsoft’s experimental quantum processor based on topological qubits. Topological qubits are expected to offer greater protection against environmental noise and errors, making them inherently more stable than many conventional qubit designs.

The Zojila Tunnel achieved its final breakthrough, completing the excavation phase. It is a 13.15-km single-tube, bi-directional roadway engineered using the New Austrian Tunnelling Method (NATM) to safely traverse fragile Himalayan geology. Located at 11,578 feet on Zojila pass, it connects Baltal in J&K to Meenamarg in Ladakh’s Drass-Kargil region. The tunnel will ensure all-weather connectivity, cut travel time from 3 hours to 15 minutes, and enable uninterrupted military movement and quick logistics to the Line of Actual Control (LAC).