Context: The RBI’s cap on banks’ Net Open Position (NOP) at $100 million — announced on Friday — failed to provide sustained relief to the rupee. After opening over 1% stronger on Monday, the rupee reversed course and breached the ₹95/dollar mark. The initial boost faded quickly as underlying pressures continued to dominate. Key data points: BACKGROUND CONCEPTS KEY TAKEAWAYS CONCEPTUAL MCQs Q1. What is a bank’s Net Open Position (NOP) in the forex market and what does a long-dollar NOP indicate?A) NOP is the total value of all forex trades executed by a bank in a day; long-dollar means the bank expects the dollar to fallB) NOP is the difference between a bank’s foreign currency assets and liabilities; a long-dollar NOP means the bank holds more dollar assets than liabilities, effectively betting on rupee depreciationC) NOP is the ratio of domestic to foreign currency loans; long-dollar means more foreign loans than domesticD) NOP is the bank’s overnight borrowing position with RBI; long-dollar means borrowing in dollarsE) NOP is the total forward book of a bank; long-dollar means all forwards are in dollar-selling direction Q2. What is the key difference between the onshore and offshore forex markets for the Indian rupee?A) Onshore market operates 24 hours while offshore market operates only during Indian banking hoursB) Onshore market deals only in spot transactions while offshore deals only in futuresC) Onshore market operates within India under RBI regulation while offshore market — primarily the NDF market — operates outside India in centres like Singapore and London, beyond RBI’s direct controlD) Onshore market is only for importers while offshore market is only for exportersE) There is no functional difference; both markets operate under RBI guidelines Q3. What is the fundamental reason why the RBI’s NOP cap failed to provide sustained support to the rupee according to market participants?A) The cap was set too high at $100 million and should have been lowerB) The cap applied only to foreign banks and not to Indian banksC) The cap addressed bank positioning but not the underlying drivers of rupee weakness — high crude oil prices, deteriorating BoP, and rising capital account pressuresD) The cap was announced too late and should have been imposed in JanuaryE) The cap only affected the offshore NDF market and had no impact on onshore trading Q4. What unintended consequence did the RBI’s NOP cap create according to the SBI report?A) It caused a sharp appreciation of the rupee beyond ₹90/dollarB) It led to a sudden increase in foreign exchange reservesC) It widened the gap between onshore and offshore markets and created liquidity strains that could push offshore premiums sharply higherD) It caused Indian banks to exit the forex market entirelyE) It triggered a sudden surge in FPI inflows into Indian equity markets Q5. When RBI builds a large forward book of approximately $100 billion, what pressure does it create on the rupee in the future?A) It creates upward pressure on the rupee as RBI commits to selling dollars forwardB) It has no impact on the rupee as forward contracts are off-balance-sheet itemsC) It creates future dollar buying obligations for RBI as forward contracts mature, adding to dollar demand and downward pressure on the rupeeD) It reduces India’s current account deficit by locking in lower import pricesE) It strengthens the rupee by signalling RBI’s long-term commitment to currency stability Answers: Q1 — B. NOP is the difference between foreign currency assets and liabilities. A long-dollar NOP means the bank holds more dollar assets than liabilities — implying a directional bet that the dollar will strengthen (rupee will weaken). RBI’s cap forces banks to reduce this long position by selling dollars. Q2 — C. The onshore market operates within India under RBI regulation. The offshore NDF (Non-Deliverable Forward) market operates in financial centres like Singapore, London, and Dubai, beyond RBI’s direct regulatory reach. When onshore positions are forced to unwind, the gap between onshore and offshore rates can widen, creating arbitrage and liquidity pressures. Q3 — C. Market participants and Barclays explicitly stated that the cap “does not change the underlying dynamics” — namely $115/barrel crude oil, deteriorating Balance of Payments, rising capital account outflows, and strong importer dollar demand. Administrative tools cannot override macroeconomic fundamentals. Q4 — C. The SBI report noted that forcing unwinding of onshore long positions widened the onshore-offshore gap and created liquidity strains — as Indian banks unwind long onshore positions and short offshore positions simultaneously, it pushes offshore premiums sharply higher, potentially creating a self-reinforcing feedback loop. Q5 — C. RBI’s forward book represents commitments to buy dollars at future dates. As these contracts mature, RBI must purchase dollars from the market — creating future dollar demand pressure that adds to rupee weakness. A $100 billion forward book is therefore a significant overhang on the currency. EXAM RELEVANCE Exam Relevance Focus Area RBI Grade B Very High Forex market intervention, NOP norms, BoP, forward book management SEBI Grade B High Currency markets, derivative instruments, NDF market structure
Central Armed Police Forces (General Administration) Bill, 2026
Context: The Central Government introduced the Central Armed Police Forces (General Administration) Bill, 2026 in the Rajya Sabha. The Bill provides a legislative framework governing recruitment, promotion, and service conditions of Group ‘A’ General Duty Officers (GAGDOs) and other personnel in specified CAPFs. Crucially, it explicitly mandates IPS officer deputation at senior levels — institutionalising a historical practice that was being challenged in courts. Key mandatory IPS quotas established: Applicable to five CAPFs: CRPF, BSF, CISF, ITBP, and SSB — with provision to add more via notification. BACKGROUND CONCEPTS KEY TAKEAWAYS CONCEPTUAL MCQs Q1. What is the constitutional basis for the Indian Police Service as an All India Service and why is it described as a unifying link in India’s federal structure?A) IPS is created under Article 356 as an emergency provisionB) IPS derives its authority from Article 312 of the Constitution which provides for All India Services serving both the Union and States, making IPS officers a structural bridge across the federal law enforcement architectureC) IPS is established under the Police Act of 1861 with no constitutional basisD) IPS is a Central service that has no role in State administrationE) IPS is created under the Fifth Schedule of the Constitution for tribal area administration Q2. What is the significance of the notwithstanding clause in the Central Armed Police Forces Bill, 2026 and what constitutional concern does it raise?A) It allows CAPFs to operate without parliamentary oversightB) It exempts CAPF personnel from fundamental rights guaranteesC) It makes the Bill operative overriding existing laws and court orders — raising concerns about whether legislative override of specific judicial directions violates the principle of judicial review which is a basic feature of the ConstitutionD) It transfers CAPF administration from MHA to the Defence MinistryE) It allows the government to merge CAPFs without parliamentary approval Q3. When did the Supreme Court in the Sanjay Prakash case direct the government regarding IPS deputation in CAPFs and what did the Bill do in response?A) 2023 — the Bill partially accepted the court’s direction by reducing IG quota to 40%B) 2024 — the Bill referred the matter back to the court for reconsiderationC) 2025 — the Supreme Court directed progressive reduction of IPS deputation at IG level within two years, and the Bill directly overrides this ruling by statutorily mandating 50% IPS reservation at IG levelD) 2025 — the court directed 100% IPS reservation which the Bill reduced to 50%E) 2026 — the court’s direction came after the Bill was introduced making it irrelevant Answers: Q1 — B. The IPS derives its constitutional basis from Article 312 which empowers Parliament to create All India Services common to the Union and States. This dual-serving character makes IPS officers a structural bridge — they serve in State police forces and are deputated to Central organisations, providing coordination linkages across India’s federal law enforcement architecture, consistent with Sardar Patel’s vision. Q2 — C. The notwithstanding clause makes the Bill operative overriding any existing law or court order. The constitutional concern is that judicial review — the power of courts to examine the validity of executive and legislative actions — is a basic feature of the Constitution (Kesavananda Bharati, 1973). A legislative provision specifically designed to nullify judicial directions may be challenged as undermining this basic feature. Q3 — C. The Supreme Court in Sanjay Prakash (2025) directed the government to progressively reduce IPS deputation at the IG level within two years, recognising cadre officer stagnation. The Bill directly contradicts this by statutorily mandating 50% IPS reservation at IG level — using the notwithstanding clause to override the court’s direction, asserting that deputation policy is an executive and legislative matter, not a judicial one. EXAM RELEVANCE Exam Relevance Focus Area UPSC CSE Very High GS-2 Polity — All India Services, CAPFs, federalism, judicial review, civil services State PSCs Very High Civil services structure, IPS role, internal security, federal administration
UNESCO GEM Report 2026
Context: In March 2026, UNESCO released the Global Education Monitoring (GEM) Report 2026 — Access and Equity: Countdown to 2030, revealing that 273 million children, adolescents, and youth were out of school globally in 2024 — approximately one in six school-age children worldwide. An additional 13 million are excluded in ten conflict-affected countries, primarily in West Asia. Key statistics from the report: BACKGROUND CONCEPTS KEY TAKEAWAYS CONCEPTUAL MCQs Q1. What is SDG 4 and what is its target deadline as part of the 2030 Agenda for Sustainable Development?A) SDG 4 aims to eliminate poverty by ensuring free meals in schools — target 2025B) SDG 4 aims to ensure good health and well-being — target 2030C) SDG 4 aims to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all — target 2030D) SDG 4 aims to achieve gender equality through education — target 2035E) SDG 4 aims to universalise higher education — target 2040 Q2. What is the difference between school enrolment and school completion and why does the GEM Report 2026 highlight this distinction as critical?A) Enrolment and completion are identical metrics measured at different pointsB) Enrolment measures children in pre-primary only while completion measures secondary graduatesC) Enrolment measures children entering school while completion measures those who finish a full education cycle — the GEM Report highlights this because global enrolment reached 1.4 billion yet only two-thirds complete secondary schooling, revealing a massive dropout crisis between entry and exitD) Completion rates are higher than enrolment rates in all developing countriesE) The distinction is relevant only for higher education, not school-level education Q3. What does the projection that 95% school completion may only be achieved by 2105 reveal about global progress towards SDG 4?A) It means SDG 4 will be achieved slightly ahead of scheduleB) It means SDG 4 has already been achieved in most regionsC) It reveals a catastrophic gap between the 2030 SDG deadline and actual pace of progress — at current trajectory, the global community will miss the target by approximately 75 years, making it a multi-generational failureD) It means only post-secondary completion is lagging while primary completion is on trackE) It applies only to conflict-affected countries and not to the global average Q4. When was UNESCO founded, where is it headquartered, and what is its mandate relevant to the GEM Report?A) 1919, Geneva — mandate covers trade and developmentB) 1944, New York — mandate covers humanitarian aidC) 1945, Paris — mandate covers education, science, culture, and communication making it the appropriate body to produce the GEM Report monitoring global education progressD) 1948, Vienna — mandate covers human rights and educationE) 1950, London — mandate covers post-war reconstruction including school rebuilding Q5. What does the additional exclusion of 13 million children in ten conflict-affected countries reveal about the relationship between geopolitical instability and education access?A) Conflict-affected countries have higher enrolment rates due to international aidB) Armed conflicts have no measurable impact on school enrolment statisticsC) Armed conflicts create a layer of educational exclusion beyond structural poverty — through school closures, displacement, infrastructure destruction, and trauma — demonstrating that geopolitical stability is a prerequisite for achieving SDG 4D) The 13 million figure includes only university students, not school-age childrenE) Conflict affects only post-secondary education while primary schooling remains unaffected Answers: Q1 — C. SDG 4 is part of the 17 Sustainable Development Goals adopted in 2015 under the 2030 Agenda. It specifically aims to ensure inclusive and equitable quality education and lifelong learning for all by 2030. It is the foundational global education commitment that the GEM Report monitors annually. Q2 — C. Enrolment measures children registered in school while completion measures those who finish the full education cycle. The GEM Report’s critical finding is that despite 1.4 billion enrolled globally, only two-thirds complete secondary schooling — revealing a massive dropout problem. High enrolment without high completion is an incomplete educational achievement and masks significant learning loss and inequality. Q3 — C. The 2105 projection reveals that at the current pace of improvement in completion rates, the world will achieve 95% completion approximately 75 years after the 2030 SDG deadline. This is not a modest delay — it means the global education goal set for this generation will effectively be inherited by three generations of children who will continue to be excluded from completing schooling. Q4 — C. UNESCO was founded in 1945 and is headquartered in Paris. Its mandate covering education, science, culture, and communication makes it the appropriate body to host the GEM Report team and monitor global progress on SDG 4 — education being the primary pillar of UNESCO’s founding mission. Q5 — C. The 13 million additionally excluded children in conflict-affected countries — primarily in West Asia — demonstrate that geopolitical instability is itself an education barrier operating independently of poverty or infrastructure gaps. School closures, teacher displacement, physical destruction of schools, and the psychological impact of conflict create educational exclusion that cannot be addressed through standard education policy tools — requiring peace and stability as prerequisites for SDG 4 achievement. Important for which exam? Exam Relevance Focus Area UPSC CSE Very High GS-2 Governance — SDG 4, education policy, international organisations, India’s education schemes RBI Grade B Moderate Human development indicators, social sector policy awareness NABARD Grade A High Rural education access, equity in education, human development in agriculture-dependent regions SEBI Grade A Low–Moderate General awareness — UN reports, global development indicators State PSCs High Education policy, SDGs, school completion data, government schemes
Daily Current Affairs (DCA) 31 March, 2026
Daily Current Affairs Quiz31 March, 2026 International Affairs 1. UNESCO GEM Report 2026 Context: In March 2026, UNESCO released the Global Education Monitoring (GEM) Report 2026 — Access and Equity: Countdown to 2030, revealing that 273 million children, adolescents, and youth were out of school globally in 2024 — approximately one in six school-age children worldwide. An additional 13 million are excluded in ten conflict-affected countries, primarily in West Asia. Key statistics from the report: BACKGROUND CONCEPTS KEY TAKEAWAYS CONCEPTUAL MCQs Q1. What is SDG 4 and what is its target deadline as part of the 2030 Agenda for Sustainable Development?A) SDG 4 aims to eliminate poverty by ensuring free meals in schools — target 2025B) SDG 4 aims to ensure good health and well-being — target 2030C) SDG 4 aims to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all — target 2030D) SDG 4 aims to achieve gender equality through education — target 2035E) SDG 4 aims to universalise higher education — target 2040 Q2. What is the difference between school enrolment and school completion and why does the GEM Report 2026 highlight this distinction as critical?A) Enrolment and completion are identical metrics measured at different pointsB) Enrolment measures children in pre-primary only while completion measures secondary graduatesC) Enrolment measures children entering school while completion measures those who finish a full education cycle — the GEM Report highlights this because global enrolment reached 1.4 billion yet only two-thirds complete secondary schooling, revealing a massive dropout crisis between entry and exitD) Completion rates are higher than enrolment rates in all developing countriesE) The distinction is relevant only for higher education, not school-level education Q3. What does the projection that 95% school completion may only be achieved by 2105 reveal about global progress towards SDG 4?A) It means SDG 4 will be achieved slightly ahead of scheduleB) It means SDG 4 has already been achieved in most regionsC) It reveals a catastrophic gap between the 2030 SDG deadline and actual pace of progress — at current trajectory, the global community will miss the target by approximately 75 years, making it a multi-generational failureD) It means only post-secondary completion is lagging while primary completion is on trackE) It applies only to conflict-affected countries and not to the global average Q4. When was UNESCO founded, where is it headquartered, and what is its mandate relevant to the GEM Report?A) 1919, Geneva — mandate covers trade and developmentB) 1944, New York — mandate covers humanitarian aidC) 1945, Paris — mandate covers education, science, culture, and communication making it the appropriate body to produce the GEM Report monitoring global education progressD) 1948, Vienna — mandate covers human rights and educationE) 1950, London — mandate covers post-war reconstruction including school rebuilding Q5. What does the additional exclusion of 13 million children in ten conflict-affected countries reveal about the relationship between geopolitical instability and education access?A) Conflict-affected countries have higher enrolment rates due to international aidB) Armed conflicts have no measurable impact on school enrolment statisticsC) Armed conflicts create a layer of educational exclusion beyond structural poverty — through school closures, displacement, infrastructure destruction, and trauma — demonstrating that geopolitical stability is a prerequisite for achieving SDG 4D) The 13 million figure includes only university students, not school-age childrenE) Conflict affects only post-secondary education while primary schooling remains unaffected Answers: Q1 — C. SDG 4 is part of the 17 Sustainable Development Goals adopted in 2015 under the 2030 Agenda. It specifically aims to ensure inclusive and equitable quality education and lifelong learning for all by 2030. It is the foundational global education commitment that the GEM Report monitors annually. Q2 — C. Enrolment measures children registered in school while completion measures those who finish the full education cycle. The GEM Report’s critical finding is that despite 1.4 billion enrolled globally, only two-thirds complete secondary schooling — revealing a massive dropout problem. High enrolment without high completion is an incomplete educational achievement and masks significant learning loss and inequality. Q3 — C. The 2105 projection reveals that at the current pace of improvement in completion rates, the world will achieve 95% completion approximately 75 years after the 2030 SDG deadline. This is not a modest delay — it means the global education goal set for this generation will effectively be inherited by three generations of children who will continue to be excluded from completing schooling. Q4 — C. UNESCO was founded in 1945 and is headquartered in Paris. Its mandate covering education, science, culture, and communication makes it the appropriate body to host the GEM Report team and monitor global progress on SDG 4 — education being the primary pillar of UNESCO’s founding mission. Q5 — C. The 13 million additionally excluded children in conflict-affected countries — primarily in West Asia — demonstrate that geopolitical instability is itself an education barrier operating independently of poverty or infrastructure gaps. School closures, teacher displacement, physical destruction of schools, and the psychological impact of conflict create educational exclusion that cannot be addressed through standard education policy tools — requiring peace and stability as prerequisites for SDG 4 achievement. Important for which exam? Exam Relevance Focus Area UPSC CSE Very High GS-2 Governance — SDG 4, education policy, international organisations, India’s education schemes RBI Grade B Moderate Human development indicators, social sector policy awareness NABARD Grade A High Rural education access, equity in education, human development in agriculture-dependent regions SEBI Grade A Low–Moderate General awareness — UN reports, global development indicators State PSCs High Education policy, SDGs, school completion data, government schemes National Affairs 1. Central Armed Police Forces (General Administration) Bill, 2026 Context: The Central Government introduced the Central Armed Police Forces (General Administration) Bill, 2026 in the Rajya Sabha. The Bill provides a legislative framework governing recruitment, promotion, and service conditions of Group ‘A’ General Duty Officers (GAGDOs) and other personnel in specified CAPFs. Crucially, it explicitly mandates IPS officer deputation at senior levels — institutionalising a historical practice that was being challenged
Daily Current Affairs (DCA) 29 & 30 March, 2026
Daily Current Affairs Quiz29 & 30 March, 2026 National Affairs 1. Maternal Mortality in India Context: What is Maternal Mortality? Maternal mortality refers to the death of a woman during pregnancy, childbirth, or within 42 days of termination of pregnancy, due to causes related to or aggravated by pregnancy. Key Causes: Significance: What is Maternal Mortality Ratio (MMR)? MMR is the number of maternal deaths per 1 lakh live births. India’s Trend: Importance: What are Preventable Causes? Preventable causes are those that can be avoided with timely and adequate healthcare interventions. Major Causes in India: What are Institutional Deliveries? Institutional deliveries refer to childbirths conducted in healthcare facilities such as hospitals or health centres. Benefits: India’s Progress in Reducing Maternal Mortality India has achieved a significant decline in MMR since 1990. Key Drivers: Emerging Concern: Slowing Progress Implications: Regional Disparities in India Better-performing states: High-burden states: Key Issue: Important for which Exam? UPSC & State PCS: MCQs Q1. What does maternal mortality refer to?[1] Infant deaths[2] Death during pregnancy/childbirth[3] Old age deaths[4] Disease deaths Q2. How is Maternal Mortality Ratio (MMR) measured?[1] Per 1,000 population[2] Per 10,000 births[3] Per 1 lakh live births[4] Per million Q3. What is India’s Maternal Mortality Ratio (MMR) in 2023?[1] 508[2] 200[3] 116[4] 70 Q4. Which of the following states has a high maternal mortality burden?[1] Kerala[2] Tamil Nadu[3] Uttar Pradesh[4] Goa Q5. What is meant by institutional delivery?[1] Home birth[2] Hospital birth[3] Online care[4] Self-care Answers 1 → [2]2 → [3]3 → [3]4 → [3] 2. Periodic Labour Force Survey (PLFS) Annual Report 2025 Source: PIB Context: The Ministry of Statistics and Programme Implementation released the PLFS Annual Report 2025, providing crucial data on employment, unemployment, and labour market trends in India. About PLFS What is it?The Periodic Labour Force Survey (PLFS) was launched in 2017 by the National Statistical Office to estimate labour market indicators. Measurement Methods Key Highlights of PLFS 2025 Labour Force Participation Rate (LFPR) Worker Population Ratio (WPR) Unemployment Rate (UR) Employment Quality Shift Sectoral Trends Education & Employment Gender Wage Trends Important for which Exam? MCQs Q1. PLFS is conducted by which Organisation?[1] RBI[2] NSO[3] NITI Aayog[4] SEBI[5] Labour Ministry Q2. LFPR in PLFS 2025 is:[1] 55.3%[2] 59.3%[3] 61.2%[4] 62.5%[5] 50.0% Q3. Current Weekly Status refers to:[1] 1 day[2] 7 days[3] 30 days[4] 365 days[5] 15 days Q4. Youth unemployment rate (15–29) in 2025:[1] 12%[2] 10.3%[3] 9.9%[4] 8.5%[5] 7% Q5. Share of agriculture in employment:[1] 50%[2] 47%[3] 43%[4] 40%[5] 35% Answer Key 1 → [2]2 → [2]3 → [2]4 → [3]5 → [3] 3. Tunguska Air Defence Missile System (2K22M) Context: The Ministry of Defence has signed a ₹445 crore contract with JSC Rosoboronexport for the procurement of the Tunguska Air Defence Missile System (2K22M) for the Indian Army. About Tunguska (2K22M) Tunguska (NATO name: SA-19 Grison) is a self-propelled, hybrid air defence system combining surface-to-air missiles and anti-aircraft guns on a single platform. Developed By Objective 4. Revision of PM E-DRIVE Scheme Context: Government revises PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme What is PM E-DRIVE Scheme? A government initiative to promote electric mobility in India. What is an Incentive-Based Scheme? A scheme where financial benefits are provided to promote adoption. What is Ex-Factory Price? The price of a vehicle at the factory before adding taxes and dealer margins. What is a Fund-Limited Scheme? A scheme with a fixed budget allocation. MCQs Q1. What does the PM E-DRIVE scheme primarily promote?[1] Diesel vehicles[2] Electric vehicles[3] Hybrid vehicles only[4] Petrol vehicles Q2. What is the total outlay of the PM E-DRIVE scheme?[1] ₹5,000 crore[2] ₹10,900 crore[3] ₹15,000 crore[4] ₹20,000 crore Q3. Till when are incentives for electric two-wheelers (E2W) valid under the scheme?[1] 2025[2] July 31, 2026[3] 2027[4] 2028 Q4. Till when are incentives for electric three-wheelers (E3W) valid under the scheme?[1] 2026[2] 2027[3] March 31, 2028[4] 2029 Q5. What is the price cap for electric two-wheelers (E2W) under the scheme?[1] ₹1 lakh[2] ₹1.5 lakh[3] ₹2 lakh[4] ₹2.5 lakh Answers 1 → [2]2 → [2]3 → [2]4 → [3]5 → [2] Banking/Finance 1. RBI’s Dollar Unwind Directive to Stabilize Rupee Context: Reserve Bank of India forces banks to cut dollar positions What is Net Open Position (NOP)? Net Open Position refers to the difference between foreign currency assets and liabilities held by banks. What is Dollar Unwind? Dollar unwind means reducing existing foreign currency positions. What is Rupee Depreciation? Depreciation means weakening of rupee against the US dollar. What is Forex Market Intervention? Central bank action to influence currency value. ISSUE ANALYSIS RBI’s Unconventional Policy Move Objective: Stabilize Rupee Impact on Banks Consequences: Important for which exam? MCQs Q1. What does Net Open Position (NOP) refer to?[1] Total loans[2] Forex exposure difference[3] Government debt[4] Stock holdings Q2. What is the new cap imposed by the Reserve Bank of India on net open forex positions?[1] $1 billion[2] $500 million[3] $100 million[4] No limit Q3. What is meant by dollar unwind in the context of forex markets?[1] Buying dollars[2] Selling dollars[3] Printing currency[4] Borrowing Q4. What does rupee depreciation imply?[1] Rupee strengthens[2] Rupee weakens[3] No change[4] Inflation falls Q5. What was the major trigger behind RBI’s dollar unwind directive?[1] Domestic demand[2] West Asia conflict[3] Monsoon[4] Agriculture Answers 1 → [2]2 → [3]3 → [2]4 → [2]5 → [2] 2. RBI Imposes Penalties on Banks and Fintech Firm Context: Penalty Details Key Violations Identified Union Bank of India Bank of India Central Bank of India Pine Labs What is KYC (Know Your Customer)? What is Priority Sector Lending (PSL)? What are Prepaid Payment Instruments (PPIs)? What is BSBDA? MCQs Q1. What is the primary purpose of KYC norms?[1] Increase profits[2] Verify customer identity[3] Reduce taxes[4] Increase lending Q2. What does Priority Sector Lending (PSL) aim to achieve?[1] Boost luxury consumption[2] Support key economic sectors[3] Increase imports[4] Reduce exports Q3. What are Prepaid Payment Instruments (PPIs)?[1] Loans[2] Stored-value payment tools[3] Government bonds[4] Insurance policies Q4. What is the purpose of BSBDA accounts?[1] High-value banking[2] Financial inclusion[3] Corporate lending[4]
Gruh Sugam Portal
Context: The National Housing Bank has launched the Gruh Sugam Portal, a specialized digital lending platform for Defence, paramilitary, and government personnel. About Gruh Sugam Portal Gruh Sugam is a digital home loan marketplace that connects government employees with multiple lending institutions, enabling them to apply, compare, and secure housing loans online. Objective Key Features Administrative Unit Integration Unified Digital Marketplace Minimal Data Entry Seamless Processing Support & Grievance Redressal Exam Relevance Important for MCQs Q1. The Gruh Sugam Portal is launched by which organization?[1] RBI[2] National Housing Bank[3] SEBI[4] NABARD[5] SIDBI Q2. The Gruh Sugam Portal is primarily designed for:[1] Farmers[2] Defence and government personnel[3] Private companies[4] Students[5] Foreign investors Q3. What is the main objective of the Gruh Sugam Portal?[1] Promote exports[2] Facilitate affordable home loans[3] Increase tax collection[4] Support agriculture[5] Promote tourism Q4. What is a key feature of the portal?[1] Manual processing[2] Comparison of multiple loan offers[3] Offline applications only[4] No bank involvement[5] Limited access Q5. Gruh Sugam Portal is associated with which sector?[1] Agriculture[2] Housing finance[3] Defence production[4] Education[5] Trade Answer Key 1 → [2]2 → [2]3 → [2]4 → [2]5 → [2]
Periodic Labour Force Survey (PLFS) Annual Report 2025
Source: PIB Context: The Ministry of Statistics and Programme Implementation released the PLFS Annual Report 2025, providing crucial data on employment, unemployment, and labour market trends in India. About PLFS What is it?The Periodic Labour Force Survey (PLFS) was launched in 2017 by the National Statistical Office to estimate labour market indicators. Measurement Methods Key Highlights of PLFS 2025 Labour Force Participation Rate (LFPR) Worker Population Ratio (WPR) Unemployment Rate (UR) Employment Quality Shift Sectoral Trends Education & Employment Gender Wage Trends Important for which Exam? MCQs Q1. PLFS is conducted by which Organisation?[1] RBI[2] NSO[3] NITI Aayog[4] SEBI[5] Labour Ministry Q2. LFPR in PLFS 2025 is:[1] 55.3%[2] 59.3%[3] 61.2%[4] 62.5%[5] 50.0% Q3. Current Weekly Status refers to:[1] 1 day[2] 7 days[3] 30 days[4] 365 days[5] 15 days Q4. Youth unemployment rate (15–29) in 2025:[1] 12%[2] 10.3%[3] 9.9%[4] 8.5%[5] 7% Q5. Share of agriculture in employment:[1] 50%[2] 47%[3] 43%[4] 40%[5] 35% Answer Key 1 → [2]2 → [2]3 → [2]4 → [3]
Maternal Mortality in India
Context: What is Maternal Mortality? Maternal mortality refers to the death of a woman during pregnancy, childbirth, or within 42 days of termination of pregnancy, due to causes related to or aggravated by pregnancy. Key Causes: Significance: What is Maternal Mortality Ratio (MMR)? MMR is the number of maternal deaths per 1 lakh live births. India’s Trend: Importance: What are Preventable Causes? Preventable causes are those that can be avoided with timely and adequate healthcare interventions. Major Causes in India: What are Institutional Deliveries? Institutional deliveries refer to childbirths conducted in healthcare facilities such as hospitals or health centres. Benefits: India’s Progress in Reducing Maternal Mortality India has achieved a significant decline in MMR since 1990. Key Drivers: Emerging Concern: Slowing Progress Implications: Regional Disparities in India Better-performing states: High-burden states: Key Issue: Important for which Exam? UPSC & State PCS: MCQs Q1. What does maternal mortality refer to?[1] Infant deaths[2] Death during pregnancy/childbirth[3] Old age deaths[4] Disease deaths Q2. How is Maternal Mortality Ratio (MMR) measured?[1] Per 1,000 population[2] Per 10,000 births[3] Per 1 lakh live births[4] Per million Q3. What is India’s Maternal Mortality Ratio (MMR) in 2023?[1] 508[2] 200[3] 116[4] 70 Q4. Which of the following states has a high maternal mortality burden?[1] Kerala[2] Tamil Nadu[3] Uttar Pradesh[4] Goa Q5. What is meant by institutional delivery?[1] Home birth[2] Hospital birth[3] Online care[4] Self-care Answers 1 → [2]2 → [3]3 → [3]4 → [3]
RBI’s Dollar Unwind Directive to Stabilize Rupee
Context: Reserve Bank of India forces banks to cut dollar positions What is Net Open Position (NOP)? Net Open Position refers to the difference between foreign currency assets and liabilities held by banks. What is Dollar Unwind? Dollar unwind means reducing existing foreign currency positions. What is Rupee Depreciation? Depreciation means weakening of rupee against the US dollar. What is Forex Market Intervention? Central bank action to influence currency value. ISSUE ANALYSIS RBI’s Unconventional Policy Move Objective: Stabilize Rupee Impact on Banks Consequences: Important for which exam? MCQs Q1. What does Net Open Position (NOP) refer to?[1] Total loans[2] Forex exposure difference[3] Government debt[4] Stock holdings Q2. What is the new cap imposed by the Reserve Bank of India on net open forex positions?[1] $1 billion[2] $500 million[3] $100 million[4] No limit Q3. What is meant by dollar unwind in the context of forex markets?[1] Buying dollars[2] Selling dollars[3] Printing currency[4] Borrowing Q4. What does rupee depreciation imply?[1] Rupee strengthens[2] Rupee weakens[3] No change[4] Inflation falls Q5. What was the major trigger behind RBI’s dollar unwind directive?[1] Domestic demand[2] West Asia conflict[3] Monsoon[4] Agriculture Answers 1 → [2]2 → [3]3 → [2]4 → [2]5 → [2]
Daily Current Affairs (DCA) 28 March, 2026
Daily Current Affairs Quiz28 March, 2026 National Affairs 1. Jan Vishwas (Amendment of Provisions) Bill, 2026 Context: The Government of India has introduced the Jan Vishwas (Amendment of Provisions) Bill, 2026 in the Lok Sabha. The Bill was presented by Jitin Prasada after incorporating recommendations of a Select Committee. Objective of the Bill The Bill aims to promote ease of doing business and ease of living by: Key Features Decriminalisation of Offences Rationalisation of Penalties Amendment to Multiple Laws Trust-Based Governance What is Decriminalisation? Decriminalisation means removing criminal penalties (like imprisonment) for certain offences and replacing them with civil penalties such as fines. Important for which Exams? MCQs Q1. The Jan Vishwas (Amendment of Provisions) Bill, 2026 was introduced in which House of Parliament?[1] Rajya Sabha[2] Lok Sabha[3] Joint Session[4] State Assemblies Q2. The primary objective of the Jan Vishwas Bill is to:[1] Increase taxation[2] Decriminalise minor offences[3] Strengthen criminal laws[4] Regulate elections Q3. The Bill focuses on promoting which type of governance?[1] Centralised governance[2] Trust-based governance[3] Military governance[4] Judicial governance Q4. Decriminalisation refers to:[1] Increasing imprisonment[2] Removing criminal penalties for certain offences[3] Introducing new crimes[4] Strengthening police powers Q5. The Bill aims to improve which aspect of the economy?[1] Agricultural output[2] Ease of doing business[3] Defence production[4] Population growth Answer Key 1 → [2]2 → [2]3 → [2]4 → [2]5 → [2] 2. Kerala’s ‘MLATrack.com’ Context: Kerala has launched ‘MLATrack.com’, India’s first digital platform to systematically track the legislative performance of MLAs. About MLATrack.com MLATrack.com is a public digital database platform that aggregates and presents detailed data on the performance and legislative activities of Members of the Kerala Legislative Assembly for the term 2021–2026. Aim Key Features Comprehensive MLA Profiles Legislative Activity Tracking Data Visualization & Accessibility MCQs Q1. ‘MLATrack.com’ is an initiative launched by which state?[1] Tamil Nadu[2] Kerala[3] Karnataka[4] Maharashtra[5] Gujarat Q2. What is the primary objective of MLATrack.com?[1] Promote tourism[2] Track MLA performance and enhance transparency[3] Conduct elections[4] Provide subsidies[5] Manage taxation Answer Key 1 → [2]2 → [2]3 → [3] 3. PRISM-SG Portal Context: Union Ministers launched the PRISM-SG Portal to digitize approval and inspection processes for steel girders used in Road Over Bridges (ROBs), improving coordination between highways and railways. About PRISM-SG Portal Full FormPortal for Rail-Road Inspection & Stages Management – Steel Girders What is it?A dedicated digital platform to streamline technical approvals, inspections, and monitoring in the construction of bridges where roads and railway lines intersect. Launched On Implementing Authority Objective What are Road Over Bridges (ROBs)? ROBs are bridges constructed to allow road traffic to pass over railway tracks, eliminating level crossings and improving safety. Exam Relevance Important for MCQs Q1. The PRISM-SG Portal is related to which sector?[1] Agriculture[2] Bridge construction and infrastructure[3] Banking[4] Education[5] Health Q2. PRISM-SG is primarily used for managing:[1] Airport construction[2] Steel girders in Road Over Bridges[3] Metro rail projects[4] Highway toll systems[5] Port infrastructure 4. Nasha Mukt Vidyalaya Initiative Context: The Ministry of Education has released a 3-year Action Plan under the Nasha Mukt Vidyalaya Initiative to combat substance abuse among school students. About Nasha Mukt Vidyalaya Initiative Nasha Mukt Vidyalaya (Drug-Free Schools) is a focused initiative under the Nasha Mukt Bharat Abhiyan aimed at making schools a frontline mechanism to prevent drug abuse among youth. Objective Exam Relevance Important for MCQs Q1. Nasha Mukt Vidyalaya Initiative is under which programme?[1] Beti Bachao Beti Padhao[2] Nasha Mukt Bharat Abhiyan[3] Skill India[4] Samagra Shiksha[5] Ayushman Bharat Q2. The initiative is implemented by:[1] Ministry of Health[2] Ministry of Education[3] Ministry of Home Affairs[4] NITI Aayog[5] Ministry of Youth Affairs Answer Key 1 → [2]2 → [2] Banking/Finance 1. Gruh Sugam Portal Context: The National Housing Bank has launched the Gruh Sugam Portal, a specialized digital lending platform for Defence, paramilitary, and government personnel. About Gruh Sugam Portal Gruh Sugam is a digital home loan marketplace that connects government employees with multiple lending institutions, enabling them to apply, compare, and secure housing loans online. Objective Key Features Administrative Unit Integration Unified Digital Marketplace Minimal Data Entry Seamless Processing Support & Grievance Redressal Exam Relevance Important for MCQs Q1. The Gruh Sugam Portal is launched by which organization?[1] RBI[2] National Housing Bank[3] SEBI[4] NABARD[5] SIDBI Q2. The Gruh Sugam Portal is primarily designed for:[1] Farmers[2] Defence and government personnel[3] Private companies[4] Students[5] Foreign investors Q3. What is the main objective of the Gruh Sugam Portal?[1] Promote exports[2] Facilitate affordable home loans[3] Increase tax collection[4] Support agriculture[5] Promote tourism Q4. What is a key feature of the portal?[1] Manual processing[2] Comparison of multiple loan offers[3] Offline applications only[4] No bank involvement[5] Limited access Q5. Gruh Sugam Portal is associated with which sector?[1] Agriculture[2] Housing finance[3] Defence production[4] Education[5] Trade Answer Key 1 → [2]2 → [2]3 → [2]4 → [2]5 → [2] 2. RBI OMOs Help Banks Cut Treasury Losses in Q4FY26 Context: In Q4FY26, the Reserve Bank of India conducted large-scale Open Market Operations (OMOs), purchasing around ₹3.5 trillion worth of government bonds. This move came amid rising bond yields triggered by global and domestic factors, including the West Asia geopolitical crisis. What are Open Market Operations (OMOs)? OMOs refer to the buying and selling of government securities by the central bank in the open market. Purpose Why Were Treasury Losses Rising? Banks invest heavily in government securities (G-Secs). When bond yields rise, bond prices fall, leading to mark-to-market (MTM) losses. Key Reasons for Yield Rise How RBI OMOs Helped Banks Liquidity Support Absorption of Losses Profit Booking Opportunity Yield Stabilization What are Mark-to-Market (MTM) Losses? MTM losses occur when the market value of securities falls below their purchase price. Impact on Banks MCQs Q1. Open Market Operations (OMOs) are conducted by which institution in India?[1] Ministry of Finance[2] Reserve Bank of India[3] SEBI[4] NABARD Q2. When bond yields rise, what happens to bond prices?[1] Increase[2] Decrease[3] Remain constant[4] Become zero Q3. What is the primary purpose of OMOs?[1] Tax collection[2] Liquidity management[3] Export promotion[4] Inflation measurement Q4. What does MTM loss refer to?[1] Tax loss[2] Market value
