GK Express of 12/02/2026
🚆 GK Express 2.0
Discipline • Clarity • Competitive Preparation
TODAY’S FOCUS →
ECONOMIC AND SCIENTIFIC DEVELOPMENTS IN INDIA
🧠 Thought of the Day
“Innovation is the ability to see change as an opportunity - not a threat.”
📰 Current Affairs
- PM CARES is Contested and Subjudice in RTI: The Prime Minister’s Office (PMO) informed the Lok Sabha Secretariat that questions regarding the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund), the Prime Minister’s National Relief Fund (PMNRF), and the National Defence Fund (NDF) are inadmissible in the Lok Sabha.
- Regional Service Centre: India plans to establish a ₹300-crore Regional Service Centre (RSC) in the Andaman and Nicobar Islands to strengthen its tsunami monitoring and early warning system.
📘 Concept of the Day
Subject: Indian Economy (Banking)
Topic: Monetary Policy Tools of RBI
The RBI uses these quantitative tools to control money supply and inflation:
- Repo Rate: The rate at which RBI lends money to commercial banks for the short term. (Current: 6.5%)
- Reverse Repo Rate: The rate at which RBI borrows money from banks to absorb excess liquidity.
- CRR (Cash Reserve Ratio): The share of Net Demand and Time Liabilities (NDTL) that banks must keep as cash with the RBI. No interest is paid on this.
- SLR (Statutory Liquidity Ratio): The share of NDTL that banks must maintain with themselves in liquid assets like Gold, Cash, or Gov Securities.
🤔 Think About This (Mains Focus)
Tap a question to reveal the answer
1. What is the 'Gig Economy'? Discuss the challenges faced by gig workers in India.
Answer:
The Gig Economy involves temporary, flexible jobs (freelancers, platform workers like Uber/Zomato drivers) rather than full-time employees.
Challenges:
1. Lack of Social Security: No Provident Fund, health insurance, or pension benefits.
2. Job Insecurity: Income depends on daily demand and algorithms.
3. Regulatory Gap: Current labor laws don't fully cover "partners" vs "employees".
The Gig Economy involves temporary, flexible jobs (freelancers, platform workers like Uber/Zomato drivers) rather than full-time employees.
Challenges:
1. Lack of Social Security: No Provident Fund, health insurance, or pension benefits.
2. Job Insecurity: Income depends on daily demand and algorithms.
3. Regulatory Gap: Current labor laws don't fully cover "partners" vs "employees".
2. Explain 'Genome Sequencing'. How will the 'Genome India Project' benefit the country?
Answer:
Genome Sequencing is determining the complete DNA sequence of an organism.
Benefits of Genome India Project (10,000 genomes):
1. Precision Medicine: Creating drugs tailored to the genetic makeup of the Indian population.
2. Disease Management: Understanding genetic predisposition to diseases like diabetes and cancer common in India.
3. Agriculture: Developing climate-resilient crops.
Genome Sequencing is determining the complete DNA sequence of an organism.
Benefits of Genome India Project (10,000 genomes):
1. Precision Medicine: Creating drugs tailored to the genetic makeup of the Indian population.
2. Disease Management: Understanding genetic predisposition to diseases like diabetes and cancer common in India.
3. Agriculture: Developing climate-resilient crops.
📝 Let’s Write an Exam
Q.1 (UPSC 2013) Which one of the following is likely to be the most inflationary in its effects?
A. Repayment of public debt
B. Borrowing from the public to finance a budget deficit
C. Borrowing from the banks to finance a budget deficit
D. Creating new money to finance a budget deficit
Correct Answer: D
Creating new money (Monetization of Deficit) increases the total money supply in the economy without a corresponding increase in goods and services. This leads to "too much money chasing too few goods," causing the highest inflation.
Creating new money (Monetization of Deficit) increases the total money supply in the economy without a corresponding increase in goods and services. This leads to "too much money chasing too few goods," causing the highest inflation.
Q.2 (UPSC 2017) What is the purpose of the 'evolved Laser Interferometer Space Antenna (eLISA)' project?
A. To detect neutrinos
B. To detect gravitational waves
C. To detect the effectiveness of missile defence system
D. To study the effect of solar flares on our communication systems
Correct Answer: B
eLISA is a mission led by the European Space Agency (ESA) designed to detect and accurately measure gravitational waves (ripples in spacetime) from astronomical sources like merging black holes.
eLISA is a mission led by the European Space Agency (ESA) designed to detect and accurately measure gravitational waves (ripples in spacetime) from astronomical sources like merging black holes.
✍️ Answer These Questions
1. Which city is known as Detroit of India and why ?
2. What is the full form of ITBF?
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