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Daily Current Affairs
27 March, 2026
1. Which of the following best explains the strategic importance of the Strait of Hormuz for India?
A. It connects India directly to Europe
B. It is a major fishing zone for India
C. It handles a significant portion of India’s crude oil imports
D. It is used only for military purposes
E. It connects the Red Sea and Arabian Sea
Answer: C
Explanation: The Strait of Hormuz is a crucial global oil transit route, through which nearly 20% of world oil passes. India relies heavily on oil imports from West Asia, making it strategically important.
2. What is the primary objective of Operation Urja Suraksha launched by India?
A. Promote renewable energy
B. Ensure uninterrupted energy imports
C. Reduce domestic fuel prices
D. Increase coal production
E. Develop nuclear energy
Answer: B
Explanation: Operation Urja Suraksha focuses on securing energy supply routes, especially via the Strait of Hormuz, to ensure continuous oil and gas imports.
3. Under India’s updated NDC (2031–2035), what does reducing emissions intensity signify?
A. Increase in total emissions
B. Reduction in GDP
C. Cleaner and more efficient economic growth
D. Ban on fossil fuels
E. Increase in exports
Answer: C
Explanation: Emissions intensity means emissions per unit of GDP. A reduction indicates that economic growth is becoming more environmentally sustainable.
4. What is the main purpose of the IVFRT Scheme in India?
A. Promote tourism
B. Manage foreign trade
C. Create a secure and seamless immigration system
D. Monitor domestic travel
E. Improve passport ranking
Answer: C
Explanation: IVFRT is an e-governance initiative aimed at digitizing visa, entry, stay, and exit processes to enhance immigration security and efficiency.
5. What is the key objective behind SEBI’s ‘Verified App Label’ initiative?
A. Increase stock market participation
B. Promote IPOs
C. Protect investors from fraudulent apps
D. Regulate cryptocurrency
E. Increase tax compliance
Answer: C
Explanation: SEBI introduced this initiative to help investors identify genuine apps linked to registered intermediaries, reducing fraud risks.
6. What is the likely impact of large-scale FPI selling on the Indian economy?
A. Currency appreciation
B. Stock market decline and volatility
C. Increase in exports
D. Reduction in inflation
E. Rise in government revenue
Answer: B
Explanation: FPI outflows lead to capital withdrawal, causing stock market decline, currency depreciation, and increased volatility.
7. What is the main benefit of an ‘opt-in’ loan moratorium framework?
A. Mandatory relief for all borrowers
B. Targets only stressed borrowers
C. Eliminates interest payments
D. Increases bank profits
E. Reduces loan tenure
Answer: B
Explanation: Opt-in moratorium allows only those borrowers who need relief to opt for it, avoiding unnecessary stress on banks and maintaining asset quality.
8. What is the purpose of mandatory PAN linkage in credit card transactions under Income Tax Rules 2026?
A. Increase credit card usage
B. Provide loans easily
C. Track high-value transactions and prevent tax evasion
D. Reduce interest rates
E. Promote exports
Answer: C
Explanation: PAN linkage helps track spending patterns and detect mismatches between income and expenditure, reducing tax evasion.
9. What is the main objective of the Grameen Credit Score (GCS)?
A. Provide subsidies to farmers
B. Assess creditworthiness of rural borrowers without formal history
C. Increase agricultural exports
D. Reduce interest rates
E. Promote digital payments
Answer: B
Explanation: GCS helps evaluate borrowers like farmers and SHGs who lack formal credit history, improving their access to institutional credit.
10. How do Credit Information Companies (CICs) support financial inclusion in rural areas?
A. By providing direct loans
B. By offering subsidies
C. By generating credit scores for borrowers
D. By regulating banks
E. By managing government schemes
Answer: C
Explanation: CICs generate credit scores, helping lenders assess risk and extend credit to underserved populations.
