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Daily Current Affairs
26 March, 2026
1. The subsidy under the revamped UDAN scheme is provided for how many years?
a) 2 years
b) 3 years
c) 4 years
d) 5 years
e) 10 years
Answer: d) 5 years
Explanation: Under the revamped UDAN scheme, the subsidy period was extended from 3 years to 5 years to ensure sustainability of regional routes.
2. What is the main objective of India’s updated Nationally Determined Contributions (NDCs)?
a) Increase coal usage
b) Promote exports
c) Reduce emissions and enhance sustainability
d) Increase industrial output
e) Improve trade balance
Answer: c) Reduce emissions and enhance sustainability
Explanation: NDCs are climate commitments aimed at reducing emissions, increasing non-fossil fuel usage, and enhancing carbon sinks.
3. What is a key feature of the “Reform Express” initiative by Indian Railways?
a) Launch of bullet trains
b) Free travel for passengers
c) Policy reforms and modernization
d) Privatization of railways
e) Increase in ticket fares
Answer: c) Policy reforms and modernization
Explanation: Reform Express focuses on improving freight share, passenger experience, and infrastructure through reforms and technology integration.
4. What is the primary advantage of the Vayu Baan system?
a) Reduces fuel consumption
b) Enhances pilot training
c) Provides stand-off strike capability
d) Improves passenger transport
e) Reduces aircraft cost
Answer: c) Provides stand-off strike capability
Explanation: Vayu Baan allows helicopters to launch drones from a safe distance, avoiding threats and enhancing combat capability.
5. Why did the Reserve Bank of India cancel the Treasury Bill auction?
a) Low demand
b) Technical issues
c) High yield bids
d) Government deficit
e) Inflation control
Answer: c) High yield bids
Explanation: RBI rejected bids because yields were too high, which could signal rising interest rates and tighten liquidity.
6. What is the main goal of SEBI’s partnership with Google?
a) Increase tax collection
b) Monitor banking fraud
c) Curb misleading financial content
d) Promote IPOs
e) Regulate cryptocurrencies
Answer: c) Curb misleading financial content
Explanation: SEBI partnered with Google to track and remove misleading financial advice using AI-based monitoring.
7. What is the key objective of RBI’s collateral-free loan proposal for MSMEs?
a) Increase exports
b) Promote asset-based lending
c) Improve access to credit
d) Reduce interest rates
e) Control inflation
Answer: c) Improve access to credit
Explanation: The proposal supports MSMEs by enabling loans without collateral and promoting financial inclusion.
8. In the Finance Bill 2026, who is now liable to pay tax on share buybacks?
a) Government
b) Company
c) Shareholders
d) RBI
e) SEBI
Answer: c) Shareholders
Explanation: Tax liability on buybacks has shifted from companies to shareholders and is treated as capital gains.
9. What is the main purpose of the Special Cell set up by the Agriculture Ministry?
a) Increase exports
b) Monitor farm inputs availability
c) Provide loans
d) Promote organic farming
e) Improve irrigation
Answer: b) Monitor farm inputs availability
Explanation: The Special Cell ensures availability of fertilizers, seeds, and pesticides during supply disruptions.
10. What is the primary objective of subsidised fertilizers?
a) Increase exports
b) Reduce cost for farmers
c) Improve soil quality
d) Increase tax revenue
e) Promote organic farming
Answer: b) Reduce cost for farmers
Explanation: Subsidised fertilizers help reduce input costs and support farmers’ productivity and income.
