In a significant strategic development, the Reserve Bank of India (RBI) has recently moved over 100 tonnes of gold from the UK to its domestic vaults. This marks the first time since a long that such a substantial quantity of gold has been repatriated to India. This move, driven by logistical consideration and a desire for diversified storage, highlights the RBI’s evolving approach to managing its gold reserves. As central banks globally increase their gold holding amid economic uncertainties, the RBI’s actions reflect a broader trend and signal confidence in India’s economic stability.
The RBI moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24. This is one of the biggest movements of gold undertaken by the country since 1990s, when pledging a substantial part of the gold holding to tide over a foreign exchange crises resulted in movement in vaults.

Source – https://bfsi.economictimes.indiatimes.com/news/finan

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Passage 2

In the latest edition of the QS World University Ranking released early Wednesday morning, 61 per cent of Indian universities’ ranking has improved, with IIT Bombay gaining the top spot in India.

The latest QS World University Rankings for 2025 were released revealing significant improvements for Indian universities and notable global standings.

QS Quacquarelli Symonds (QS) offers unrivaled data, expertise, and solutions for the global higher education sector. For the compilation of the 2025 QS World University Rankings, QS claims to have analysed 17 million research papers, 176 million citations, data from 5,600 institutions worldwide and insights from 175,798 academics and 105,476 employers.

Source- https://indianexpress.com/article/education/study-abroad/iit-bombay]

10th JUNE 2024 CLAT

Name

Mobile

Passage 1

1.During the 1990-91 foreign exchange crisis, India pledged part of its gold reserves to the Bank of England to secure a USD ___ million loan?

A. 205

B. 305

C. 405

D. 505

2. Although the loan was repaid by November of the same year, the RBI chose to keep the gold in the UK for logistical reasons as the gold stored abroad can be easily used for trading, entering into swaps, and earning returns. It was repaid in?

A. 1991

B. 1992

C. 1993

D. 1994

3. As per the National Mineral Inventory, total reserves of gold ore in India are estimated at 501.83 million tonnes as of 2015. Largest resources of gold ore located in?

A. Karnataka

B. Bihar

C. Rajasthan

D. Andhra Pradesh

4. Which state commands around 80% of the nation's total gold output? The Kolar Gold Fields (KGF) in the Kolar district is one of the world's oldеst and deepest gold minеs.

A. Andhra Pradesh

B. Telangana

C. Tamil Nadu

D. Karnataka

5. Which one of the following groups of items is included in India’s foreign-exchange reserves?

A. Foreign-currency assets, Special Drawing Rights (SDRs) and loans from foreign countries

B. Foreign-currency assets, gold holdings of the RBI and SDRs

C. Foreign-currency assets, loans from the World Bank and SDRs

D. Foreign-currency assets, gold holdings of the RBI and loans from the World Bank

Passage 2

6. Globally, which of this retained the ‘best institute in the world’ position for the 13th time this year?

A. Harvard

B. Oxford

C. MIT

D. Cambridge

7. 61% of Indian universities’ ranking has improved, with which of this gaining the top spot in India?

A. IISc

B. IIT Bombay

C. IIM Ahmedabad

D. IIT Delhi

8. In this edition of the rankings, with 46 universities, the Indian Higher Education system is the ____ most represented globally and the third in Asia, trailing only Japan (49 universities) and China (71 universities).

A. 5th

B. 6th

C. 7th

D. 8th

9. In Asia, which of this remains a prominent institution, keeping its eighth spot?

A. National University of Singapore (NUS)

B. Peking University

C. USCI

D. TIT

10. Which of this is correct?

A. IIT Bombay: Achieved the second position in India, IIT Bombay climbed from 190th in 2024 to 158th in 2025.

B. IIT Delhi: Leading in India, moving up 47 ranks from 196th to 149th.