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Daily Current Affairs
12, 13 & 14 March, 2026
1. The Fiscal Health Index (FHI) released by NITI Aayog evaluates states based on how many core pillars?
A. 3
B. 4
C. 5
D. 6
E. 7
Answer: C. 5
Explanation: The Fiscal Health Index evaluates states based on five pillars: Quality of Expenditure, Revenue Mobilisation, Fiscal Prudence, Debt Index, and Debt Sustainability.
2. Which state ranked first in the Fiscal Health Index (FY 2023–24)?
A. Gujarat
B. Maharashtra
C. Odisha
D. Goa
E. Jharkhand
Answer: C. Odisha
Explanation: Odisha secured Rank 1 with a score of 73.1 due to strong fiscal management, stable revenues, and controlled deficits.
3. Jal Jeevan Mission 2.0 aims to shift focus from infrastructure creation to:
A. Urban water supply
B. Irrigation expansion
C. Reliable service delivery
D. River linking
E. Water privatization
Answer: C. Reliable service delivery
Explanation: JJM 2.0 focuses on ensuring reliable and sustainable water supply services rather than just providing tap connections.
4. Passive euthanasia in India involves:
A. Administering lethal injection
B. Actively ending life
C. Withdrawing life-support treatment
D. Physician-assisted suicide
E. None of the above
Answer: C. Withdrawing life-support treatment
Explanation: Passive euthanasia involves withholding or withdrawing life-sustaining treatment and is permitted in India under Supreme Court guidelines.
5. The Reserve Bank of India asked banks to report which type of exposure related to the Middle East?
A. Only direct loans
B. Only indirect exposure
C. Only trade finance
D. Direct, indirect, and contingent liabilities
E. Only forex reserves
Answer: D. Direct, indirect, and contingent liabilities
Explanation: RBI requested detailed reporting including direct loans, indirect exposure, and contingent liabilities such as guarantees and letters of credit.
6. In the co-lending model, which of the following is TRUE?
A. Only banks provide loans
B. Only NBFCs provide funds
C. Banks and NBFCs jointly lend
D. Government provides loans directly
E. Only foreign banks are involved
Answer: C. Banks and NBFCs jointly lend
Explanation: In co-lending, banks provide low-cost funds while NBFCs handle customer reach and loan origination.
7. Under RBI’s Scale-Based Regulation (SBR), which NBFC layer includes systemically important entities?
A. Base Layer
B. Middle Layer
C. Upper Layer
D. Top Layer
E. Retail Layer
Answer: C. Upper Layer
Explanation: The Upper Layer consists of systemically important NBFCs that require stricter regulatory oversight.
8. SEBI’s new rules on intraday borrowing by mutual funds aim to:
A. Increase speculation
B. Promote long-term investment
C. Ensure liquidity and prevent misuse
D. Reduce stock market trading
E. Eliminate borrowing
Answer: C. Ensure liquidity and prevent misuse
Explanation: SEBI introduced rules to allow borrowing only for specific purposes and prevent speculative misuse, ensuring investor protection.
9. Bhavantar Bhugtan Yojana (BBY) is an example of which type of scheme?
A. Crop insurance scheme
B. Subsidy scheme
C. Price Deficiency Payment Scheme
D. Loan waiver scheme
E. Irrigation scheme
Answer: C. Price Deficiency Payment Scheme
Explanation: BBY compensates farmers when market prices fall below MSP by paying the difference directly.
10. Joha rice, recently exported from India, is primarily grown in which state?
A. West Bengal
B. Odisha
C. Assam
D. Bihar
E. Uttar Pradesh
Answer: C. Assam
Explanation: Joha rice is a GI-tagged aromatic rice variety from Assam, known for its fragrance and cultural significance.
