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Daily Current Affairs Quiz: 08 January 2026

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1. EOS-N1 (Anvesha), launched by ISRO in January 2026, is primarily designed for which purpose?

A. Deep space exploration
B. Navigation services
C. Earth observation and surveillance
D. Communication broadcasting
E. Weather forecasting

Answer: C. Earth observation and surveillance

Explanation: EOS-N1 (Anvesha) is an advanced Earth Observation satellite designed for high-resolution imaging, surveillance, and reconnaissance for strategic and civilian use.

2. India’s climate target of reducing emissions intensity of GDP by 45% is measured with reference to which base year?

A. 1990
B. 2000
C. 2005
D. 2010
E. 2015

Answer: C. 2005

Explanation: Under its Nationally Determined Contribution (NDC), India aims to reduce emissions intensity by 45% from the 2005 level by 2030.

3. Which of the following newly discovered species is noted for being strong enough for a human to sit on it?

A. Dolomedes indicus
B. Rhinophis siruvaniensis
C. Bridgeoporus kanadii
D. Neelus sikkimensis
E. Ophiorrhiza mizoramensis

Answer: C. Bridgeoporus kanadii

Explanation: Bridgeoporus kanadii is a colossal macro fungus discovered in Arunachal Pradesh with a thick, leathery fruiting body capable of supporting human weight.

4. The National Intelligence Grid (NATGRID) primarily functions as which of the following?

A. A central intelligence database
B. A biometric identification authority
C. A secure data storage platform
D. A real-time intelligence data-sharing middleware
E. A cyber-security command centre

Answer: D. A real-time intelligence data-sharing middleware

Explanation: NATGRID does not store data; it connects multiple databases and allows authorised agencies to query information in real time.

5. India became the world’s first country to commercially produce bio-bitumen using which primary raw material?

A. Sugarcane bagasse
B. Bamboo fibre
C. Rice straw
D. Corn husk
E. Coconut shell

Answer: C. Rice straw

Explanation: Bio-bitumen developed by CSIR institutions is produced mainly from rice straw, helping reduce stubble burning and fossil fuel usage.

6. ‘The Fortuna Wave’, recently launched by Federal Bank, symbolises which set of values?

A. Growth, Stability, Innovation
B. Trust, Security, Growth
C. Authenticity, Togetherness, Prosperity
D. Transparency, Speed, Inclusion
E. Digitalisation, Safety, Expansion

Answer: C. Authenticity, Togetherness, Prosperity

Explanation: The three waves in Federal Bank’s refreshed brand identity represent authenticity, togetherness, and prosperity.

7. According to RBI’s proposal, after completing 10 continuous years on a co-operative bank board, a director must observe a cooling-off period of:

A. 1 year
B. 2 years
C. 3 years
D. 5 years
E. 10 years

Answer: C. 3 years

Explanation: RBI has proposed a mandatory 3-year cooling-off period after 10 years of continuous service on a co-operative bank board.

8. RBI is considering new relief measures for exporters mainly due to losses caused by:

A. Currency depreciation
B. EU sanctions
C. Rising logistics costs
D. High U.S. import tariffs
E. Domestic tax reforms

Answer: D. High U.S. import tariffs

Explanation: U.S. tariffs of up to 50% on certain Indian goods have severely impacted exporters, prompting RBI to explore additional relief measures.

9. Under SEBI’s extended incentive scheme, what is the maximum incentive a mutual fund distributor can earn per eligible investor?

A. ₹1,000
B. ₹1,500
C. ₹2,000
D. ₹2,500
E. ₹3,000

Answer: C. ₹2,000

Explanation: SEBI allows distributors to earn up to ₹2,000 per eligible investor, calculated as 1% of the first investment or first-year SIP.

10. The incentive for mutual fund distributors is paid from which existing provision?

A. AMFI development fund
B. Trail commission reserve
C. Investor Protection Fund
D. CSR allocation of AMCs
E. 2 basis points earmarked for investor education

Answer: E. 2 basis points earmarked for investor education

Explanation: SEBI clarified that the distributor incentive will be funded from the already earmarked 2 basis points meant for investor education.

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