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Daily Current Affairs
20 March, 2026
1. Which theme was highlighted in the World Happiness Report 2026?
A. Climate Change and Happiness
B. Happiness and Social Media
C. Global Peace and Stability
D. Economic Growth and Happiness
E. Digital Economy and Well-being
Answer: B. Happiness and Social Media
Explanation: The World Happiness Report 2026 focused on the theme “Happiness and Social Media,” analyzing the impact of digital platforms on well-being.
2. What was India’s rank in the World Happiness Report 2026?
A. 99th
B. 104th
C. 116th
D. 127th
E. 134th
Answer: C. 116th
Explanation: India ranked 116th in 2026, showing gradual improvement from 118th (2024) and 126th (2023), though still behind some regional peers.
3. The Krishi Sakhi Initiative is launched to primarily benefit which group?
A. Urban entrepreneurs
B. MSME workers
C. Women farmers
D. Exporters
E. Industrial laborers
Answer: C. Women farmers
Explanation: The Krishi Sakhi Initiative aims to empower women farmers by increasing their participation in agriculture and improving awareness of crop insurance schemes.
4. Which organization is responsible for implementing the BHAVYA scheme?
A. NITI Aayog
B. Ministry of Finance
C. National Industrial Corridor Development Corporation
D. SEBI
E. NABARD
Answer: C. National Industrial Corridor Development Corporation
Explanation: BHAVYA is implemented by the National Industrial Corridor Development Corporation under the Department for Promotion of Industry and Internal Trade.
5. The ALMM framework was expanded to include which additional components of solar manufacturing?
A. Solar panels only
B. Solar batteries
C. Solar inverters
D. Solar ingots and wafers
E. Solar tracking systems
Answer: D. Solar ingots and wafers
Explanation: The ALMM framework has been expanded to include solar ingots and wafers to strengthen domestic manufacturing and reduce import dependence.
6. What is the primary purpose of a Variable Rate Repo (VRR) auction conducted by RBI?
A. Control inflation permanently
B. Manage short-term liquidity
C. Finance government deficit
D. Regulate foreign exchange
E. Control fiscal deficit
Answer: B. Manage short-term liquidity
Explanation: VRR auctions are used by RBI to inject liquidity into the banking system for short durations, helping manage temporary liquidity mismatches.
7. Which facility allows banks to park surplus funds with RBI without collateral?
A. Repo Rate Facility
B. Marginal Standing Facility
C. Standing Deposit Facility
D. Open Market Operations
E. Reverse Repo
Answer: C. Standing Deposit Facility
Explanation: The Standing Deposit Facility (SDF) allows banks to deposit surplus funds with RBI without requiring collateral and acts as the floor of the liquidity corridor.
8. The depreciation of the Indian rupee to â‚ą93.72 per dollar was mainly due to which factor?
A. Increase in exports
B. Fall in interest rates
C. Surge in crude oil prices
D. Increase in remittances
E. Rise in agricultural output
Answer: C. Surge in crude oil prices
Explanation: Rising crude oil prices increased the import bill and dollar demand, leading to depreciation of the rupee.
9. The West Asia conflict affects Indian agriculture primarily through which channel?
A. Increase in rainfall
B. Decrease in labor supply
C. Rise in input costs like fuel and fertilizers
D. Increase in land productivity
E. Technological advancements
Answer: C. Rise in input costs like fuel and fertilizers
Explanation: Higher crude oil and gas prices increase diesel and fertilizer costs, raising overall agricultural input costs and reducing farmer profitability.
10. India imports a significant amount of fertilizers from which region?
A. Europe
B. North America
C. West Asia
D. East Asia
E. Africa
Answer: C. West Asia
Explanation: India depends on West Asian countries like Saudi Arabia, Qatar, Oman, and UAE for fertilizer imports, making it vulnerable to geopolitical disruptions.
