International Current Affairs MCQs

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US President Donald Trump has banned the creation and issuance of Central Bank Digital Currency (CBDC) in the United States. Agencies are prohibited from promoting or issuing CBDCs without legal approval. The executive order defines CBDC as a digital currency directly backed by the central bank. Concerns cited include risks to privacy, sovereignty, and financial stability. The order promotes a private-sector-led digital asset ecosystem, focusing on dollar-backed stablecoins as alternatives. CBDCs differ from cryptocurrencies as their value is fixed by the central bank, with several countries adopting them for centralized digital currency control.

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The United Arab Emirates (UAE) has declared 2025 as the Year of Community. The year’s theme is “Hand in Hand” and aims to strengthen social ties and community involvement. The initiative encourages volunteering, community service, and shared responsibilities for sustainable growth. Previous themes include the Year of Giving (2017) and Year of Tolerance (2019), reinforcing the UAE’s focus on societal well-being.

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Panama has formally withdrawn from China’s Belt and Road Initiative (BRI) under US pressure. The Panamanian Embassy in Beijing gave a 90-day notice of its decision. President Jose Raul Mulino rejected US claims about the Panama Canal, calling them “intolerable.” The US alleged Panama agreed to free passage for US government vessels, but the Panama Canal Authority denied any tariff changes. Trump and US officials raised concerns over Chinese investments in the canal. Panama is the first Latin American country to exit the BRI, which operates in over 100 countries.

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Rwandan-backed M23 rebels in the Democratic Republic of Congo are advancing south toward Bukavu, the capital of South Kivu province. They aim to expand control in the country’s east after capturing Goma. The M23 (March 23 Movement) is an armed rebel group operating in the eastern Democratic Republic of Congo (DRC), particularly in North Kivu province. It originated in 2012 from a faction of the Congolese army, citing grievances over a 2009 peace agreement. The recent escalation has caused massive destruction and violence.

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PM Modi, during his U.S. visit, introduced “MIGA”, inspired by Trump’s “MAGA.” ‘Maga’ refers to ‘Make America Great Again,’ while ‘Miga’ stands for ‘Make India Great Again.’ He called MIGA and MAGA a “mega partnership for prosperity.” India is focused on heritage and development, aiming for Viksit Bharat 2047. India is not neutral but supports peace in the Russia-Ukraine conflict. India and the U.S. aim to double bilateral trade to $500 billion by 2030.

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India and the U.S. launched the TRUST (Transforming Relationship Utilizing Strategic Technology) initiative to boost cooperation in critical minerals like lithium and rare earth elements. Announced during PM Modi’s visit to Washington, it aims to strengthen supply chains for essential materials. The initiative focuses on critical minerals, advanced materials, and pharmaceuticals. It aims to reduce barriers to technology transfer by streamlining regulations. It seeks to address export controls for smoother trade in strategic resources. It also promotes high-tech commerce, enhancing collaboration in advanced sectors.

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India has been elected Vice President of the International Organization of Aids to Marine Navigation (IALA) in Singapore. T.K. Ramachandran, Secretary, Ministry of Ports, Shipping, and Waterways, led the Indian delegation. The 1st General Assembly of IALA marks its transition from an NGO to an inter-governmental organization (IGO). IALA, founded in 1957, sets global maritime navigation standards. India will host the IALA Council meeting in December 2025 and the IALA Conference & General Assembly in September 2027 in Mumbai. This highlights India’s leadership in maritime safety and international cooperation.

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India has sent 26 tons of humanitarian aid to Honduras after Tropical Storm SARA. The assistance includes medical supplies like surgical items, glucometers, oximeters, gloves, syringes, and IV fluids. It also contains disaster relief materials such as blankets, sleeping mats, and hygiene kits. The aid aims to help the country recover from the impact of the storm.

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Indonesia launched a new sovereign wealth fund, Daya Anagata Nusantara (Danantara), to manage state assets worth over USD 900 billion. Danantara is set to become the largest sovereign wealth fund in Southeast Asia. A sovereign wealth fund (SWF) is a state-owned investment fund used to manage national savings. SWFs are funded by surplus revenues from natural resources, state-owned enterprises, or other public wealth sources. These funds invest in stocks, bonds, infrastructure, and real estate to grow national wealth. This marks a significant step in Indonesia’s economic strategy.

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US President Donald Trump announced the Gold Card, a new immigration initiative offering a direct path to US citizenship for $5 million. It is described as a “premium version” of the Green Card, granting long-term residency and naturalization. The Gold Card will replace the EB-5 Immigrant Investor Visa Program, which required job creation. The program aims to attract wealthy investors and generate government revenue.