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
Daily Current Affairs (DCA) 27 March, 2026
Daily Current Affairs Quiz27 March, 2026 International Affairs 1. Iran Grants Passage Through Strait of Hormuz to India and Other Nations Source: TH Context: Iran allows selective passage through Strait of Hormuz to “friendly nations” What is the Strait of Hormuz? A critical global maritime chokepoint for oil trade. What is a Maritime Chokepoint? A narrow sea route critical for global shipping. What is Sovereignty in Maritime Context? Authority of a state over its territorial waters. What is Freedom of Navigation? A principle under international maritime law. Important for Which Exam? MCQs Q1. Strait of Hormuz connects: [1] Red Sea and Mediterranean[2] Persian Gulf and Gulf of Oman[3] Arabian Sea and Bay of Bengal[4] Black Sea and Caspian Sea Q2. Which countries border the Strait of Hormuz? [1] Iran and Oman[2] India and Iran[3] Saudi Arabia and UAE[4] Iraq and Kuwait Q3. Strait of Hormuz is important because: [1] Fishing zone[2] Major oil transit route[3] Tourism hub[4] Naval base only Q4. UNCLOS is related to: [1] Airspace rules[2] Maritime law[3] Trade tariffs[4] Climate change Q5. What is a maritime chokepoint? [1] Port[2] Narrow strategic waterway[3] River[4] Canal ANSWERS 1 → [2]2 → [1]3 → [2]4 → [2]5 → [2] National Affairs 1. QS World University Rankings by Subject 2026 Context: Quacquarelli Symonds releases QS World University Rankings by Subject 2026 What is QS World University Ranking? A global ranking system evaluating universities. What is Subject Ranking? Ranking universities in specific disciplines. Key Highlights of QS Rankings 2026 1. India’s Top Performers 2. India’s Global Standing 3. Top Countries 4. Top Indian Institutions (Top 50) 5. India’s Rising Presence Important for which Exam? MCQs Q1. QS rankings are released by: [1] World Bank[2] IMF[3] Quacquarelli Symonds[4] UNESCO Q2. As per QS Ranking IIT (ISM) Dhanbad rank is: [1] 10[2] 15[3] 21[4] 30 Q3. As per QS Ranking IIT (ISM) IIM Ahmedabad rank: [1] 15[2] 21[3] 25[4] 30 Q4. As per QS Ranking IIT (ISM) India’s total institutions: [1] 50[2] 75[3] 99[4] 120 Q5. India’s rank globally (system size): [1] 2nd[2] 3rd[3] 4th[4] 5th ANSWERS 1 → [3]2 → [3]3 → [2]4 → [3]5 → [3] 2. Operation Urja Suraksha Context: India launches Operation Urja Suraksha amid West Asia tensions What is the Strait of Hormuz? A narrow but strategically vital maritime chokepoint. What is Energy Security? Ensuring reliable and affordable access to energy resources. Here is your refined, exam-ready structured summary with improved MCQs (full sentence, 5 options, clean format): 3. India’s Nationally Determined Contribution (NDC) 2031–2035 Context: India has approved its updated Nationally Determined Contributions for the period 2031–2035 under the United Nations Framework Convention on Climate Change as part of the Paris Agreement. The updated targets align with India’s long-term goal of achieving net-zero emissions by 2070 and support the vision of Viksit Bharat @2047. What are Nationally Determined Contributions (NDCs)? NDCs are climate action plans submitted by countries outlining their commitments to reduce emissions and adapt to climate change. Covers What is Emissions Intensity? Emissions intensity refers to the amount of greenhouse gas emissions per unit of GDP. Implication What is Carbon Sink? A carbon sink is a natural system that absorbs more carbon dioxide than it emits. Examples What is Net-Zero? Net-zero refers to balancing greenhouse gas emissions with their removal from the atmosphere. India’s Target MCQs Q1. Under which international framework are Nationally Determined Contributions (NDCs) submitted?[1] World Trade Organization[2] United Nations Framework Convention on Climate Change[3] International Monetary Fund[4] World Bank[5] United Nations Development Programme Q2. What is India’s target year for achieving net-zero emissions?[1] 2050[2] 2060[3] 2070[4] 2080[5] 2090 Q3. What is the targeted reduction in emissions intensity under India’s updated NDC?[1] 30%[2] 40%[3] 47%[4] 55%[5] 60% Q4. What is the target share of non-fossil fuel-based electricity capacity under the updated NDC?[1] 40%[2] 50%[3] 60%[4] 70%[5] 80% Q5. What is India’s target for creating additional carbon sinks under the updated NDC?[1] 1–2 billion tonnes[2] 2–3 billion tonnes[3] 3.5–4 billion tonnes[4] 4–5 billion tonnes[5] 5–6 billion tonnes Answer Key 1 → [2]2 → [3]3 → [3]4 → [3]5 → [3] 4. Immigration, Visa, Foreigners Registration & Tracking (IVFRT) Scheme Context: The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the continuation of the Immigration, Visa, Foreigners Registration & Tracking (IVFRT) Scheme beyond 31 March, 2026 for a period of five year from 01 April, 2026 to 31 March, 2031 with budget outlay of Rs.1800 crore. What is IVFRT Scheme? A mission-mode e-governance project. What are Immigration Check Posts (ICPs)? Official entry/exit points for international travelers. What is FRRO/FRO? Foreigners registration authorities. What is e-Visa System? Online visa issuance mechanism. Important for which Exam? MCQs Q1. The IVFRT Scheme is primarily related to which sector?[1] Agriculture[2] Immigration management[3] Banking[4] Education[5] Defence manufacturing Q2. The IVFRT Scheme is implemented by which ministry?[1] Reserve Bank of India[2] Ministry of Home Affairs[3] SEBI[4] NABARD[5] Ministry of External Affairs Q3. What is the duration of the extended IVFRT Scheme?[1] 2020–2025[2] 2026–2031[3] 2015–2020[4] 2030–2035[5] 2025–2030 Q4. What is the primary function of FRRO/FRO?[1] Tax collection[2] Foreigners registration and visa services[3] Trade regulation[4] Agricultural monitoring[5] Defence operations Q5. Under FTI-TTP, immigration processing time is reduced to approximately:[1] 1 minute[2] 30 seconds[3] 5 minutes[4] 10 minutes[5] 15 minutes Answer Key 1 → [2]2 → [2]3 → [2]4 → [2]5 → [2] 5. BRICS CCI WE Summit 2026 Context: BRICS CCI Women Empowerment Summit 2026 held in New Delhi (March 21–23, 2026) What is BRICS? BRICS is a group of major emerging economies. What is BRICS CCI? BRICS Chamber of Commerce and Industry promotes trade, business, and collaboration among BRICS nations. What is BRICS WBA? BRICS Women Business Alliance supports women entrepreneurship and economic participation. Key Highlights of Summit 2026 1. Theme: WISE (Women in Innovation, Science & Entrepreneurship) 2. Launch of Mission ShakthiSAT Important for which Exam? MCQs Q1. Which of the following countries are members of BRICS?[1] India, USA, China[2] Brazil, Russia, India, China, South Africa[3] India, Japan, Australia[4] Only Asian countries[5] India, UK, France Q2. The
Bankers Propose COVID-like Moratorium for MSMEs Amid West Asia Conflict
Source: BS Context: Amid rising geopolitical tensions in West Asia, Indian banks have proposed a temporary loan moratorium for MSMEs to the Reserve Bank of India and the Government of India. The proposal is based on the model used during the COVID-19 pandemic and suggests an opt-in framework to address liquidity stress faced by small businesses. What is a Loan Moratorium? A loan moratorium refers to a temporary suspension of loan repayments for a specified period. Key Features Objective What is an Opt-in Moratorium? An opt-in moratorium is a voluntary mechanism where eligible borrowers choose to avail relief. Advantages Importance of MSMEs in India Contribution to Economy Key Vulnerability What is Asset Quality? Asset quality refers to the health of a bank’s loan portfolio. Key Indicator Risk MCQs Q1. What is meant by a loan moratorium in the banking system?[1] Complete waiver of loan[2] Temporary suspension of loan repayments[3] Increase in loan amount[4] Permanent reduction in interest rate[5] Conversion of loan into equity Q2. What is the primary objective of providing a loan moratorium to borrowers?[1] Increase government revenue[2] Provide liquidity relief during crises[3] Reduce interest rates permanently[4] Promote exports[5] Control inflation Q3. What is an opt-in moratorium framework in banking?[1] Mandatory relief for all borrowers[2] Voluntary participation by eligible borrowers[3] Selection by government authorities only[4] Automatic restructuring of all loans[5] Relief limited to large corporates Q4. What approximate share do MSMEs contribute to India’s GDP?[1] 10%[2] 20%[3] 30%[4] 40%[5] 50% Q5. What is the key indicator used to measure asset quality in banks?[1] Inflation rate[2] GDP growth[3] Non-Performing Assets (NPAs)[4] Export levels[5] Fiscal deficit Answer Key 1 → [2]2 → [2]3 → [2]4 → [3]5 → [3]
Income Tax Rules 2026
Context: India has introduced stricter tax compliance rules for credit card transactions effective April 1, 2026. The reform focuses on high-value transaction monitoring, mandatory PAN linkage, and integration of credit card data with the tax reporting system to detect income-spending mismatches. What is PAN (Permanent Account Number)? Permanent Account Number is a unique alphanumeric identifier issued to taxpayers. Purpose What are High-Value Transactions? High-value transactions refer to financial activities exceeding specified thresholds that are monitored by tax authorities. Examples What is Tax Scrutiny? Tax scrutiny is a detailed examination of financial records by tax authorities. Trigger What is Perquisite? A perquisite refers to benefits provided by an employer to an employee. Example Key Changes Introduced MCQs Q1. What is the primary purpose of the Permanent Account Number (PAN) in India?[1] Issuing passports[2] Identifying taxpayers and tracking financial transactions[3] Providing subsidies[4] Regulating imports[5] Managing banking licenses Q2. What is the threshold for credit card spending to be classified as a high-value transaction under the new rules?[1] ₹1 lakh[2] ₹5 lakh[3] ₹10 lakh[4] ₹20 lakh[5] ₹50 lakh Q3. What has been made mandatory for credit card issuance under the Income Tax Rules 2026?[1] Aadhaar linkage only[2] PAN linkage[3] Passport verification[4] GST registration[5] Voter ID submission Q4. What is meant by a perquisite under the Income Tax framework?[1] A tax exemption provided by government[2] A benefit provided by employer to employee[3] A type of loan[4] A subsidy given to farmers[5] A corporate tax rebate Q5. What is the threshold for monitoring cash payments under the new rules?[1] ₹50,000[2] ₹1 lakh[3] ₹2 lakh[4] ₹5 lakh[5] ₹10 lakh Answer Key 1 → [2]2 → [3]3 → [2]4 → [2]5 → [2]
Corporate Laws (Amendment) Bill, 2026
Source: IE Context: India has introduced the Corporate Laws (Amendment) Bill, 2026 to modernise corporate governance and improve the ease of doing business. The bill focuses on faster insolvency resolution, audit reforms, and compliance easing, and is linked with strengthening the Insolvency and Bankruptcy Code. It has been referred to a Joint Parliamentary Committee for further review. What is NCLT? The National Company Law Tribunal is a quasi-judicial body that handles corporate disputes and insolvency matters under the Companies Act and IBC. It currently faces capacity constraints, leading to delays in case resolution. What is Insolvency Resolution? It is a time-bound process to resolve stressed assets of companies under the Insolvency and Bankruptcy Code, aimed at value maximisation and revival of firms. What is CSR (Corporate Social Responsibility)? CSR refers to mandatory spending by companies on social and developmental activities. The proposed amendment increases the applicability threshold from ₹5 crore to ₹10 crore net profit, easing compliance for smaller firms. What is NFRA? The National Financial Reporting Authority regulates auditing and accounting standards in India. It oversees auditors and ensures transparency in financial reporting. Key Proposed Amendments MCQs Q1. What is the primary function of the National Company Law Tribunal (NCLT)?[1] Handling criminal cases[2] Resolving corporate disputes and insolvency cases[3] Managing taxation policies[4] Regulating agriculture sector[5] Supervising banking operations Q2. In which year was the Insolvency and Bankruptcy Code enacted in India?[1] 2010[2] 2014[3] 2016[4] 2018[5] 2020 Q3. What is the proposed CSR applicability threshold under the Corporate Laws (Amendment) Bill, 2026?[1] ₹5 crore[2] ₹7 crore[3] ₹10 crore[4] ₹15 crore[5] ₹20 crore Q4. What is the primary role of the National Financial Reporting Authority (NFRA)?[1] Regulating banks[2] Overseeing auditors and audit standards[3] Managing fiscal policy[4] Supervising stock exchanges[5] Regulating insurance sector Q5. What restriction is proposed under the audit reforms in the bill?[1] Restriction on tax filings[2] Ban on non-audit services by auditors[3] Limit on bank lending[4] Control on imports[5] Restriction on exports Answer Key 1 → [2]2 → [3]3 → [3]4 → [2]5 → [2]
