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Daily Current Affairs
03 January, 2026
1. With reference to Venezuela, consider the following statements:
- Venezuela is located in Northern South America with a long coastline along the Caribbean Sea.
- Venezuela shares land borders with Colombia, Brazil, and Guyana.
- The political system of Venezuela is a parliamentary democracy.
Which of the statements given above are correct?
A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2 and 3
E. 2 only
Answer: A. 1 and 2 only
Explanation: Venezuela lies in Northern South America and borders Colombia, Brazil, and Guyana. Its political system is a presidential republic, not a parliamentary democracy.
2. The discovery of sugars, amino acids, and nucleobases on asteroid Bennu supports which of the following theories?
A. Spontaneous generation of life on Earth
B. Hydrothermal vent origin of life
C. Extraterrestrial contribution to the origin of life
D. Creationism
E. RNA world theory without external inputs
Answer: C. Extraterrestrial contribution to the origin of life
Explanation: OSIRIS-REx samples from Bennu confirm the presence of all molecular components required for life, supporting the theory that life’s building blocks arrived from space.
3. Suryastra, recently procured by the Indian Army, is best described as:
A. A short-range surface-to-air missile
B. India’s first universal multi-calibre rocket launcher
C. A naval cruise missile system
D. A drone-based artillery platform
E. An anti-tank guided missile
Answer: B. India’s first universal multi-calibre rocket launcher
Explanation: Suryastra is a Made-in-India long-range rocket launcher capable of firing multiple rocket types from a single platform.
4. What is the primary objective of the publication “Know Your Survey: A User Guide to ASUSE”?
A. Increase tax compliance
B. Simplify statistical communication for citizens
C. Replace existing economic surveys
D. Train enumerators only
E. Promote private data agencies
Answer: B. Simplify statistical communication for citizens
Explanation: The guide uses non-technical language to improve public trust and understanding of ASUSE data.
5. Savitribai Phule is correctly associated with which of the following?
A. First woman governor of India
B. Founder of Arya Samaj
C. Establishment of India’s first girls’ school
D. Leader of the Swadeshi Movement
E. Founder of Aligarh Movement
Answer: C. Establishment of India’s first girls’ school
Explanation: In 1848, Savitribai Phule co-founded India’s first girls’ school at Bhidewada, Pune.
6. PRAGATI platform is primarily aimed at:
A. Electoral reforms
B. Real-time monitoring and resolution of project delays
C. Agricultural price support
D. Defence procurement
E. Judicial case management
Answer: B. Real-time monitoring and resolution of project delays
Explanation: PRAGATI is an ICT-enabled governance platform focused on resolving infrastructure and development project bottlenecks.
7. Under the export credit collateral support scheme, what is the maximum guarantee coverage for micro and small MSME exporters?
A. 50%
B. 60%
C. 70%
D. 85%
E. 100%
Answer: D. 85%
Explanation: The scheme provides up to 85% credit-guarantee coverage for micro and small exporters to boost bank lending.
8. Which of the following is NOT a permitted mode for foreign banks to operate in India?
A. Branch Mode
B. Wholly Owned Subsidiary
C. Representative (Liaison) Office
D. Cooperative Bank Model
E. RBI-regulated entry framework
Answer: D. Cooperative Bank Model
Explanation: Foreign banks can operate through branches, WOS, or liaison offices, but not as cooperative banks.
9. SEBI’s proposed technology road map for MIIs mainly focuses on:
A. Increasing number of listed companies
B. Cyber resilience and AI-based supervision
C. Reducing trading hours
D. Removing clearing corporations
E. Limiting foreign investment
Answer: B. Cyber resilience and AI-based supervision
Explanation: SEBI emphasises AI-driven surveillance, risk management, and cyber security for future-ready markets.
10. India’s position as the world’s largest rice producer is primarily supported by:
A. Desert agriculture expansion
B. River floodplains, deltas, and irrigation infrastructure
C. Mechanised farming only
D. Genetically modified rice adoption
E. Decline in global rice demand
Answer: B. River floodplains, deltas, and irrigation infrastructure
Explanation: India’s rice dominance is driven by favourable climate, river systems, fertile alluvial soils, and irrigation-led productivity.
