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Daily Current Affairs
01 May, 2026
1. According to the Women and Men in India 2025 report, what is the current Sex Ratio at Birth (SRB) for 2021–23?
A) 904
B) 910
C) 917
D) 925
E) 930
Answer: C) 917
Explanation: The report highlights an improvement in SRB to 917 (2021–23) from 904 (2017–19), indicating better survival outcomes for girl children.
2. India’s first green methanol plant is being set up at which location?
A) Paradip Port
B) Cochin Port
C) Deendayal Port, Kandla
D) Visakhapatnam Port
E) Mumbai Port
Answer: C) Deendayal Port, Kandla
Explanation: India’s first green methanol plant will be established at Deendayal Port Authority (Kandla), Gujarat, using Prosopis juliflora as biomass.
3. Under the National Critical Mineral Mission, what is the target recycling capacity?
A) 500 KTPA
B) 650 KTPA
C) 750 KTPA
D) 850 KTPA
E) 1000 KTPA
Answer: D) 850 KTPA
Explanation: The scheme aims to achieve a recycling capacity of 850 Kilo Tonnes Per Annum (KTPA), indicating large-scale industrial ambitions.
4. In Buddhism, the term “Tathagata” refers to a being who has:
A) Achieved political dominance
B) Written sacred texts
C) Transcended the cycle of birth and death
D) Established a religious order
E) Built monasteries
Answer: C) Transcended the cycle of birth and death
Explanation: “Tathagata” signifies one who has gone beyond samsara (cycle of birth and death) and attained enlightenment.
5. Federal Bank acquired approximately how many credit cards from Standard Chartered Bank?
A) 2 lakh
B) 3 lakh
C) 4.5 lakh
D) 6 lakh
E) 10 lakh
Answer: C) 4.5 lakh
Explanation: The acquisition involves around 4.5 lakh credit cards, focusing on single-product relationship customers.
6. The Index of Service Production (ISP) will use which data source for measurement?
A) Income Tax Data
B) GST Outward Supplies
C) Import Bills
D) RBI Reports
E) Census Data
Answer: B) GST Outward Supplies
Explanation: ISP relies on GST outward supplies as a proxy for measuring service sector output due to real-time transaction data.
7. What is the proposed base year for the Index of Service Production (ISP)?
A) 2011-12
B) 2017-18
C) 2020-21
D) 2024-25
E) 2025-26
Answer: D) 2024-25
Explanation: The ISP will use 2024-25 as the base year to measure growth in the services sector.
8. What is the primary limitation of the ISP in its initial phase?
A) Lack of funding
B) Limited to agriculture sector
C) Exclusion of informal sector
D) Dependence on imports
E) Political interference
Answer: C) Exclusion of informal sector
Explanation: Since informal sector data is not captured in GST, ISP initially excludes a significant portion of services GVA.
9. What is meant by “Non-Co-Branded” credit cards?
A) Cards issued only for corporates
B) Cards issued without interest
C) Cards issued jointly with RBI
D) Cards issued solely under bank’s own brand
E) Cards issued only for rural customers
Answer: D) Cards issued solely under bank’s own brand
Explanation: Non-co-branded cards are issued directly by banks without partnerships with external brands.
10. Why is Producer Price Index (PPI) preferred globally over CPI for deflation in indices like ISP?
A) CPI is outdated
B) PPI measures production-level prices
C) CPI is only for rural areas
D) PPI includes imports only
E) CPI cannot measure inflation
Answer: B) PPI measures production-level prices
Explanation: PPI reflects prices at the producer level, making it more suitable for calculating real output by removing inflation effects accurately.
