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Daily Current Affairs
10 April, 2026
1. According to the NITI Aayog report “From Borrowers to Builders”, what is the share of women in India’s total system credit as of 2025?
A) 16%
B) 19%
C) 26%
D) 36%
E) 42%
Answer: C) 26%
Explanation: Women hold around â‚ą76 lakh crore, which constitutes 26% of the total system credit, showing a major rise in financial inclusion and entrepreneurship.
2. Which state recorded the highest CAGR (59%) in women business borrowers as per the report?
A) Uttar Pradesh
B) Rajasthan
C) Bihar
D) Madhya Pradesh
E) Haryana
Answer: C) Bihar
Explanation: Bihar emerged as the fastest-growing state in women-led borrowing with a CAGR of 59%, highlighting strong regional growth in financial inclusion.
3. India’s first Quantum Reference Facility is being established at which institution?
A) IIT Delhi
B) IISc Bengaluru
C) SRM University-AP
D) TIFR Mumbai
E) ISRO Bengaluru
Answer: C) SRM University-AP
Explanation: The facility is part of the Amaravati Quantum Valley initiative and will act as a standardized testing bed for quantum technologies.
4. The primary purpose of a Quantum Reference Facility (QRF) is to:
A) Train students in classical computing
B) Manufacture semiconductors
C) Provide standardized testing for quantum components
D) Store scientific data
E) Develop mobile applications
Answer: C) Provide standardized testing for quantum components
Explanation: QRF acts as a “gold standard” testing platform where quantum hardware components can be verified and calibrated.
5. Under the Pradhan Mantri MUDRA Yojana, what is the maximum loan limit under the “Tarun Plus” category?
A) â‚ą5 Lakh
B) â‚ą10 Lakh
C) â‚ą15 Lakh
D) â‚ą20 Lakh
E) â‚ą25 Lakh
Answer: D) â‚ą20 Lakh
Explanation: Tarun Plus (introduced in 2024) provides loans from â‚ą10 lakh to â‚ą20 lakh for businesses that have successfully repaid earlier loans.
6. What is the target distance for India’s quantum communication network under the National Quantum Mission?
A) 500 km
B) 1,000 km
C) 1,500 km
D) 2,000 km
E) 5,000 km
Answer: D) 2,000 km
Explanation: India has already achieved 1,000 km secure communication and aims to reach 2,000 km under the National Quantum Mission.
7. According to the Reserve Bank of India proposal, a 1-hour delay will apply to digital transactions above:
A) â‚ą5,000
B) â‚ą10,000
C) â‚ą25,000
D) â‚ą50,000
E) â‚ą1,00,000
Answer: B) â‚ą10,000
Explanation: The RBI proposed a 1-hour delay for transactions above â‚ą10,000 to prevent Authorised Push Payment (APP) fraud.
8. The “Kill Switch” in RBI’s fraud prevention proposal allows users to:
A) Increase transaction limits
B) Close bank accounts
C) Disable digital payments instantly
D) Change PIN automatically
E) Block ATM cards permanently
Answer: C) Disable digital payments instantly
Explanation: The Kill Switch acts as a safety feature allowing users to immediately stop digital transactions in case of suspected fraud.
9. As per RBI’s new remittance rules, what is the maximum time gap allowed for Nostro account reconciliation?
A) 15 minutes
B) 30 minutes
C) 1 hour
D) 4 hours
E) End-of-day
Answer: C) 1 hour
Explanation: RBI mandates that banks reconcile Nostro accounts within 1 hour to ensure faster inward remittance credit.
10. What does a “Net Liquidity Surplus” in the banking system indicate?
A) Banks lack funds
B) Banks have excess funds for lending
C) RBI has increased CRR
D) Public is withdrawing cash heavily
E) Forex reserves are falling
Answer: B) Banks have excess funds for lending
Explanation: A liquidity surplus means banks have more funds than required and may park excess money with the RBI instead of borrowing.
