31 January : Daily Current Affairs Quiz

Answer: Option C - Asset bubbles and unsustainable economic growth despite potential long-term instability.

Explanation:

• Aggressive interest rate cuts can encourage borrowing and investment, which may lead to rapid economic growth.
• However, this growth can be driven by inflated asset prices, such as in real estate or stock markets, creating bubbles.
• These bubbles can burst, leading to financial instability.
• While the central bank aims to stimulate the economy, the unintended consequence may be unsustainable growth, increasing the risk of future economic downturns.

Answer: Option B - Mission to ISS to study experiments, microgravity, and technology.

Explanation:

• The Axiom-4 mission is a crewed mission to the International Space Station (ISS) aimed at conducting space-based scientific experiments, studying the effects of microgravity, and testing advanced space technologies.
• Group Captain Shubhanshu Shukla, an astronaut, will participate in this mission.
• It is part of a broader international effort to explore the ISS's potential for advancing research, technology, and international collaboration in space exploration.
• The mission does not involve lunar or Mars exploration.

Answer: Option C - A monetary union of EU member states using the euro.

Explanation:

• The Eurozone refers to a group of European Union (EU) member states that have adopted the euro (€) as their official currency, forming a monetary union.
• This means they share a single currency and are subject to a common monetary policy, managed by the European Central Bank (ECB).
• The Eurozone facilitates trade, economic stability, and integration among its members, though it does not necessarily involve political or customs cooperation across all EU countries.

Answer: Option D - Stimulation of economic growth but at the cost of long-term financial stability

Explanation:

• Rate cuts by a central bank typically stimulate economic growth by making borrowing cheaper, encouraging investment and consumption.
• However, prolonged low interest rates can lead to financial instability by encouraging excessive borrowing and creating asset bubbles.
• This can undermine long-term economic health, as it may lead to higher levels of debt and speculative investments, which could eventually destabilize financial markets and the economy.
• Thus, rate cuts carry both short-term benefits and long-term risks.

Answer: Option B - The disease can lead to lymphatic system damage, causing elephantiasis.

Explanation:

• Lymphatic Filariasis is caused by parasitic worms transmitted through mosquito bites.
• It primarily affects the lymphatic system, leading to swelling and severe damage to body parts, often resulting in elephantiasis.
• The disease can cause disability and stigma, making it a significant public health issue.
• India has made substantial progress in its elimination through mass drug administration (MDA) programs, but complete eradication has not yet been achieved.