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Daily Current Affairs
14 January, 2026
1. The Panchayat (Extension to Scheduled Areas) Act, 1996 (PESA) primarily aims to:
A. Strengthen urban local bodies in tribal areas
B. Transfer forest ownership to state governments
C. Extend Panchayati Raj to Fifth Schedule areas with Gram Sabha supremacy
D. Create separate tribal legislatures
E. Centralise development planning in Scheduled Areas
Answer: C
Explanation: PESA extends Part IX of the Constitution to Fifth Schedule areas and recognises the Gram Sabha as the supreme authority over governance, land, and natural resources in tribal regions.
2. The Bhuria Committee is associated with recommendations related to:
A. Cooperative banking reforms
B. Sports governance in India
C. Crypto asset regulation
D. Gram Sabha-centric governance in Scheduled Areas
E. NBFC capital adequacy norms
Answer: D
Explanation: The Bhuria Committee (1994–95) recommended empowering Gram Sabhas and recognising tribal control over resources, forming the basis for PESA.
3. BHASHINI Samudaye is primarily aimed at strengthening India’s:
A. Cyber security framework
B. Defence AI ecosystem
C. Indian-language AI ecosystem through collaboration
D. Semiconductor manufacturing ecosystem
E. Digital payments infrastructure
Answer: C
Explanation: BHASHINI Samudaye promotes co-creation, open datasets, and participatory governance to scale Indian-language AI tools under the National Language Translation Mission.
4. The Man Portable Anti-Tank Guided Missile (MPATGM) recently tested by India is best described as:
A. Second-generation wire-guided missile
B. Third-generation fire-and-forget missile with top-attack capability
C. Long-range surface-to-air missile
D. Naval anti-ship missile system
E. Ballistic missile defence interceptor
Answer: B
Explanation: MPATGM is a third-generation, fire-and-forget, shoulder-launched missile with top-attack capability designed to destroy modern main battle tanks.
5. The expert committee constituted by PFRDA for assured pension payouts under NPS is chaired by:
A. Urjit Patel
B. Raghuram Rajan
C. M. S. Sahoo
D. Ajay Tyagi
E. Shaktikanta Das
Answer: C
Explanation: The 15-member committee on assured payouts under NPS is chaired by M. S. Sahoo, former Chairman of IBBI.
6. Why is PFRDA exploring assured payout products under NPS?
A. To replace NPS with OPS
B. To introduce fiscal guarantees
C. To address uncertainty in market-linked retirement income
D. To merge NPS with EPFO
E. To eliminate private pension funds
Answer: C
Explanation: NPS is a defined-contribution, market-linked scheme, leading to uncertain retirement income. Assured payouts aim to improve income security.
7. Under the proposed crypto regulatory framework, the primary regulator for crypto exchanges in India is expected to be:
A. RBI
B. Ministry of Finance
C. SEBI
D. FIU-IND
E. CBDT
Answer: C
Explanation: SEBI is proposed as the primary regulator for crypto exchanges, overseeing trading platforms, disclosures, and investor protection.
8. Which institution introduced India’s first fully solar-powered mobile ATM van “TGB on Wheels”?
A. State Bank of India
B. NABARD
C. Tripura Gramin Bank
D. Punjab National Bank
E. North Eastern Development Finance Corporation
Answer: C
Explanation: Tripura Gramin Bank launched “TGB on Wheels”, India’s first fully solar-powered ATM van, enhancing rural banking outreach sustainably.
9. RBI’s proposal to resume licensing of Urban Co-operative Banks (UCBs) emphasises which of the following?
A. Licensing only newly formed societies
B. Preference for smaller local co-operatives
C. Higher minimum capital and strong financial track record
D. Zero-capital digital banks
E. Exclusive focus on rural co-operatives
Answer: C
Explanation: RBI proposes minimum capital of ₹300 crore, CAR ≥12%, low NPAs, and long track records to reduce failures seen in smaller UCBs.
10. The Foreign Exchange Management (Guarantees) Regulations, 2026 were issued by RBI under:
A. Banking Regulation Act, 1949
B. Reserve Bank of India Act, 1934
C. Foreign Exchange Management Act, 1999
D. Companies Act, 2013
E. Insolvency and Bankruptcy Code, 2016
Answer: C
Explanation: The 2026 regulations were issued under FEMA, 1999 to create a consolidated framework for guarantees involving non-residents.
