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Daily Current Affairs
7 April, 2026
1. Project Chetak of the Border Roads Organisation (BRO) is primarily associated with which terrain?
A) High-altitude Himalayan regions
B) Coastal areas
C) Desert and plains regions of western India
D) Island territories
E) Forest regions of Central India
Answer: C) Desert and plains regions of western India
Explanation: Project Chetak operates in Rajasthan, Punjab, and northern Gujarat, focusing on desert and plains terrain to support military logistics.
2. What is the main function of a Ditch Cum Bund (DCB) maintained along India’s borders?
A) Water conservation
B) Road construction
C) Anti-tank defense and flood control
D) Communication network
E) Border fencing
Answer: C) Anti-tank defense and flood control
Explanation: DCB consists of a trench and embankment that prevents enemy tank movement and also helps in flood control in plains.
3. What is the primary cause of stagflation in an economy?
A) Excess demand
B) Supply shock
C) High exports
D) Fiscal surplus
E) Increased savings
Answer: B) Supply shock
Explanation: Stagflation is triggered by a negative supply shock, such as rising oil prices, which reduces output while increasing inflation.
4. Tar balls found along India’s western coast are primarily composed of which substance?
A) Plastic polymers
B) Coal residues
C) Weathered crude oil
D) Marine algae
E) Sand sediments
Answer: C) Weathered crude oil
Explanation: Tar balls are hardened remnants of crude oil that have undergone weathering processes like evaporation and emulsification.
5. Why is the Indian Crested Porcupine considered harmful to saffron cultivation?
A) It eats saffron flowers
B) It damages irrigation systems
C) It destroys underground corms
D) It spreads fungal infections
E) It reduces soil fertility
Answer: C) It destroys underground corms
Explanation: Porcupines dig and consume saffron corms (bulbs), preventing regrowth and causing long-term damage to crops.
6. Under RBI’s new framework, which entity is officially treated as a “Banking Outlet”?
A) ATM
B) BC-Banking Touchpoint (BC-BT)
C) BC-Banking Outlet (BC-BO)
D) Mobile Banking App
E) Payment Wallet
Answer: C) BC-Banking Outlet (BC-BO)
Explanation: BC-BOs are treated as formal banking outlets and help expand banking access in rural areas.
7. What is the new ECB borrowing limit under RBI’s revised framework?
A) $500 million fixed
B) $750 million fixed
C) $1 billion or 300% of net worth
D) Unlimited borrowing
E) Based only on RBI approval
Answer: C) $1 billion or 300% of net worth
Explanation: RBI replaced fixed limits with dynamic limits linked to company financial strength.
8. What is the main role of an Independent Director in a company?
A) Managing daily operations
B) Promoting company products
C) Protecting minority shareholders’ interests
D) Handling HR functions
E) Managing government relations
Answer: C) Protecting minority shareholders’ interests
Explanation: Independent Directors act as watchdogs to ensure transparency and protect shareholders from management misuse.
9. What is the maximum deposit insurance amount provided by DICGC?
A) â‚ą1 lakh
B) â‚ą2 lakh
C) â‚ą3 lakh
D) â‚ą5 lakh
E) â‚ą10 lakh
Answer: D) â‚ą5 lakh
Explanation: DICGC insures deposits up to â‚ą5 lakh per depositor (including principal and interest).
10. What is the primary risk that “hedging” helps mitigate in External Commercial Borrowings (ECB)?
A) Credit risk
B) Liquidity risk
C) Exchange rate risk
D) Operational risk
E) Legal risk
Answer: C) Exchange rate risk
Explanation: Hedging protects companies from losses due to fluctuations in currency exchange rates, especially when the rupee depreciates.
