Context: India is promoting the adoption of Grameen Credit Score as a default tool for rural borrower assessment to enhance access to formal credit. The initiative targets SHGs, farmers, MSMEs, and marginalised communities, and was announced in Union Budget FY26. It will be implemented through Credit Information Companies. What is Grameen Credit Score (GCS)? Grameen Credit Score is a rural-focused credit scoring mechanism designed to evaluate borrowers who lack formal credit history. Designed for Key Feature What are Credit Information Companies (CICs)? Credit Information Companies are institutions that collect and maintain credit data and generate credit scores. Example Role What is Financial Inclusion? Financial inclusion refers to providing affordable access to financial services to underserved populations. Includes What is Priority Sector Lending (PSL)? Priority Sector Lending is a mandatory requirement for banks to lend to key sectors. Includes Important for which Exam? MCQs Q1. What is the primary purpose of the Grameen Credit Score (GCS)?[1] Urban infrastructure financing[2] Rural credit assessment for borrowers without formal history[3] Tax calculation for farmers[4] Export promotion[5] Inflation control Q2. Which group is the main beneficiary of the Grameen Credit Score system?[1] Large corporates[2] Rural borrowers including farmers and SHGs[3] Foreign investors[4] Government departments only[5] Urban salaried class Q3. Which of the following is an example of a Credit Information Company in India?[1] RBI[2] NABARD[3] TransUnion CIBIL[4] SEBI[5] SIDBI Q4. Which sector is included under Priority Sector Lending (PSL)?[1] Luxury goods industry[2] Agriculture sector[3] Entertainment industry[4] Defence manufacturing[5] Cryptocurrency trading Q5. How does the Grameen Credit Score help the rural economy?[1] By increasing inflation[2] By improving access to formal credit[3] By reducing exports[4] By increasing taxes[5] By restricting lending Answer Key 1 → [2]2 → [2]3 → [3]4 → [2]5 → [2]
Daily Current Affairs (DCA) 26 March, 2026
Daily Current Affairs Quiz26 March, 2026 National Affairs 1. Revamped UDAN Scheme (Regional Connectivity Scheme) Source: TH Context: Government revises UDAN Scheme with extended subsidy support What is UDAN Scheme? KEY CHANGES IN UDAN Scheme Extension of Subsidy Period Change in Subsidy Funding Mechanism Increased Financial Outlay Important For which Exam? MCQs Q.1) What is the primary objective of the UDAN Scheme? [1] Promote international tourism[2] Improve regional air connectivity[3] Develop metro rail networks[4] Boost cargo exports Q.2) Where is the UDAN scheme implemented? [1] Only metropolitan cities[2] Tier-2 and Tier-3 cities[3] Only rural villages[4] International routes Q.3) What is the revised subsidy duration under the revamped UDAN scheme? [1] 2 years[2] 3 years[3] 5 years[4] 10 years Q.4) What type of funding mechanism is now used for UDAN subsidies? [1] Airline ticket surcharge[2] State government grants[3] Direct budgetary support from government[4] Private airline investment ANSWERS 1 → [2]2 → [2]3 → [3]4 → [3] Important For which Exam? 2. Indian Railways “Reform Express” 2026 Context: Indian Railways launches 5 new reforms under “Reform Express” initiative (total reforms in 2026: 9) What is “Reform Express” Initiative? “Reform Express” is a reform-driven initiative by Indian Railways aimed at modernizing operations. What is Multimodal Transport? Movement of goods using multiple modes (rail, road, etc.) What is Rail Co-efficient? What is Predatory Bidding? Important for which Exam? MCQs Q.1) What is “Reform Express”? [1] Train service[2] Railway reform initiative[3] Tax scheme[4] Digital platform Q.2) What is the purpose of stainless steel containers? [1] Reduce speed[2] Prevent corrosion[3] Increase cost[4] Store fuel Q.3) What is rail co-efficient? [1] Rail speed[2] Share of rail transport[3] Ticket cost[4] Freight tax Q.4) What is predatory bidding? [1] High bidding[2] Low unrealistic bidding[3] Online bidding[4] Foreign bidding ANSWERS 1 → [2]2 → [2]3 → [2]4 → [2] 3. India’s Updated Climate Targets (NDC 2035) Context: India updates climate commitments under Paris Agreement What are NDCs? What is Emissions Intensity? What is Carbon Sink? KEY TARGETS (2035) Important For which exam? MCQs Q.1) What does NDC stand for in climate negotiations? [1] National Development Council[2] Nationally Determined Contributions[3] National Data Collection[4] New Development Commitment Q.2) Where are Nationally Determined Contributions submitted? [1] World Bank[2] IMF[3] United Nations Framework Convention on Climate Change[4] WTO Q.3) What is India’s target for non-fossil fuel-based power capacity by 2035? [1] 40%[2] 50%[3] 60%[4] 70% Q.4) What is meant by emissions intensity? [1] Total emissions of a country[2] Emissions per unit of GDP[3] Emissions from industries only[4] Emissions from transport sector Q.5) What does carbon sink refer to? [1] Sources of emissions[2] Systems that absorb carbon dioxide[3] Industrial emissions[4] Fossil fuel reserves ANSWERS 1 → [2]2 → [3]3 → [3]4 → [2]5 → [2] 4. Vayu Baan Project – India’s Helicopter-Launched Drone System Context: Indian Air Force launches “Vayu Baan” project What is Vayu Baan? Vayu Baan (Air Arrow) is an indigenous Air-Launched Effects (ALE) drone system. What is Air-Launched Effects (ALE)? ALE refers to drones launched from aircraft to extend operational capability. What is ISR (Intelligence, Surveillance, Reconnaissance)? ISR refers to gathering battlefield information. What is MANPADS? MANPADS (Man-Portable Air Defence Systems) Important for which exams? 5. Biologics and Biopharma SHAKTI Strategy Source: TH Context: Union Budget 2026 promotes biologics under Biopharma SHAKTI strategy What are Biologics? Biologics are advanced medicines produced using living organisms. What are Biosimilars? Biosimilars are near-identical versions of existing biologic drugs. How are Biologics Produced? Production involves multiple complex stages: What is Immunogenicity? Immunogenicity is the ability to trigger an immune response. MCQs Q.1) What are biologics? [1] Chemical drugs[2] Medicines from living organisms[3] Herbal drugs[4] Synthetic drugs Q.2) What are biosimilars? [1] New drugs[2] Copies of biologics[3] Vaccines[4] Antibiotics Q.3) What is the main aim of biologics? [1] General treatment[2] Targeted therapy[3] Cheap drugs[4] Fast production Q.4) What is used in biologics production? [1] Machines only[2] Living cells[3] Metals[4] Chemicals only Q.5) What is precision medicine? [1] General treatment[2] Targeted treatment[3] Surgery[4] Therapy ANSWERS 1 → [2]2 → [2]3 → [2]4 → [2]5 → [2] Banking/Finance 1. RBI Cancels Treasury Bill Auction to Manage Liquidity Context: Reserve Bank of India cancels Treasury Bill (T-bill) auction What are Treasury Bills (T-Bills)? What is Yield? Important for Which Exam? RBI Grade B NABARD Grade A/B UPSC MCQs Q.1) What are Treasury Bills? [1] Long-term bonds[2] Short-term government securities[3] Corporate shares[4] Tax instruments Q.2) Where are T-Bills issued? [1] Private companies[2] Government of India[3] RBI itself[4] State governments Q.3) What was the reason for cancellation of T-Bills? [1] Low demand[2] High yield bids[3] Technical issue[4] Fiscal deficit Q.4) What is the maturity period of T-Bills? [1] 1–2 years[2] 5–10 years[3] 91, 182, 364 days[4] 30 years Q.5) What happens when bond prices fall? [1] Yield decreases[2] Yield increases[3] No change[4] Zero yield ANSWERS 1 → [2]2 → [2]3 → [2]4 → [3]5 → [2] 2. SEBI–Google Partnership to Curb Finfluencer Violations Context: Securities and Exchange Board of India partners with Google to monitor finfluencers What are Finfluencers? Finfluencers are individuals who create financial content and influence investment decisions through digital platforms. SEBI Regulations on Investment Advice Securities and Exchange Board of India regulates: Key norms: Violation by finfluencers: AI-Based Monitoring in Financial Markets Artificial Intelligence (AI) is used to detect and control fraudulent financial content online. Role of Google: What is Verified App Labelling? A new initiative to ensure authenticity of financial apps. Important for which Exam? MCQs Q.1) What is a finfluencer? [1] Bank employee[2] Financial content creator on social media[3] Government officer[4] Stock exchange Q.2) What is SEBI’s primary function? [1] Tax collection[2] Capital market regulation[3] Agriculture policy[4] Trade regulation Q.3) What is verified app labelling? [1] Tax certification[2] Marking genuine apps[3] Loan approval[4] Insurance scheme ANSWERS 1 → [2]2 → [2]3 → [2] 3. Collateral-Free Loans for MSMEs – RBI Proposal and Concerns Source: BS Context: Reserve Bank of India proposes collateral-free loans up to ₹20 lakh for MSMEs What is Collateral in Banking? Collateral refers to any asset pledged by a borrower to secure a
Revamped UDAN Scheme (Regional Connectivity Scheme)
Source: TH Context: Government revises UDAN Scheme with extended subsidy support What is UDAN Scheme? KEY CHANGES IN UDAN Scheme Extension of Subsidy Period Change in Subsidy Funding Mechanism Increased Financial Outlay Important For which Exam? MCQs Q.1) What is the primary objective of the UDAN Scheme? [1] Promote international tourism[2] Improve regional air connectivity[3] Develop metro rail networks[4] Boost cargo exports Q.2) Where is the UDAN scheme implemented? [1] Only metropolitan cities[2] Tier-2 and Tier-3 cities[3] Only rural villages[4] International routes Q.3) What is the revised subsidy duration under the revamped UDAN scheme? [1] 2 years[2] 3 years[3] 5 years[4] 10 years Q.4) What type of funding mechanism is now used for UDAN subsidies? [1] Airline ticket surcharge[2] State government grants[3] Direct budgetary support from government[4] Private airline investment ANSWERS 1 → [2]2 → [2]3 → [3]4 → [3] Important For which Exam?
Indian Railways “Reform Express” 2026
Context: Indian Railways launches 5 new reforms under “Reform Express” initiative (total reforms in 2026: 9) What is “Reform Express” Initiative? “Reform Express” is a reform-driven initiative by Indian Railways aimed at modernizing operations. What is Multimodal Transport? Movement of goods using multiple modes (rail, road, etc.) What is Rail Co-efficient? What is Predatory Bidding? Important for which Exam? MCQs Q.1) What is “Reform Express”? [1] Train service[2] Railway reform initiative[3] Tax scheme[4] Digital platform Q.2) What is the purpose of stainless steel containers? [1] Reduce speed[2] Prevent corrosion[3] Increase cost[4] Store fuel Q.3) What is rail co-efficient? [1] Rail speed[2] Share of rail transport[3] Ticket cost[4] Freight tax Q.4) What is predatory bidding? [1] High bidding[2] Low unrealistic bidding[3] Online bidding[4] Foreign bidding ANSWERS 1 → [2]2 → [2]3 → [2]4 → [2]
India’s Updated Climate Targets (NDC 2035)
Context: India updates climate commitments under Paris Agreement What are NDCs? What is Emissions Intensity? What is Carbon Sink? KEY TARGETS (2035) Important For which exam? MCQs Q.1) What does NDC stand for in climate negotiations? [1] National Development Council[2] Nationally Determined Contributions[3] National Data Collection[4] New Development Commitment Q.2) Where are Nationally Determined Contributions submitted? [1] World Bank[2] IMF[3] United Nations Framework Convention on Climate Change[4] WTO Q.3) What is India’s target for non-fossil fuel-based power capacity by 2035? [1] 40%[2] 50%[3] 60%[4] 70% Q.4) What is meant by emissions intensity? [1] Total emissions of a country[2] Emissions per unit of GDP[3] Emissions from industries only[4] Emissions from transport sector Q.5) What does carbon sink refer to? [1] Sources of emissions[2] Systems that absorb carbon dioxide[3] Industrial emissions[4] Fossil fuel reserves ANSWERS 1 → [2]2 → [3]3 → [3]4 → [2]5 → [2]
Vayu Baan Project – India’s Helicopter-Launched Drone System
Context: Indian Air Force launches “Vayu Baan” project What is Vayu Baan? Vayu Baan (Air Arrow) is an indigenous Air-Launched Effects (ALE) drone system. What is Air-Launched Effects (ALE)? ALE refers to drones launched from aircraft to extend operational capability. What is ISR (Intelligence, Surveillance, Reconnaissance)? ISR refers to gathering battlefield information. What is MANPADS? MANPADS (Man-Portable Air Defence Systems) Important for which exams?
Biologics and Biopharma SHAKTI Strategy
Source: TH Context: Union Budget 2026 promotes biologics under Biopharma SHAKTI strategy What are Biologics? Biologics are advanced medicines produced using living organisms. What are Biosimilars? Biosimilars are near-identical versions of existing biologic drugs. How are Biologics Produced? Production involves multiple complex stages: What is Immunogenicity? Immunogenicity is the ability to trigger an immune response. MCQs Q.1) What are biologics? [1] Chemical drugs[2] Medicines from living organisms[3] Herbal drugs[4] Synthetic drugs Q.2) What are biosimilars? [1] New drugs[2] Copies of biologics[3] Vaccines[4] Antibiotics Q.3) What is the main aim of biologics? [1] General treatment[2] Targeted therapy[3] Cheap drugs[4] Fast production Q.4) What is used in biologics production? [1] Machines only[2] Living cells[3] Metals[4] Chemicals only Q.5) What is precision medicine? [1] General treatment[2] Targeted treatment[3] Surgery[4] Therapy ANSWERS 1 → [2]2 → [2]3 → [2]4 → [2]5 → [2]
RBI Cancels Treasury Bill Auction to Manage Liquidity
Context: Reserve Bank of India cancels Treasury Bill (T-bill) auction What are Treasury Bills (T-Bills)? What is Yield? Important for Which Exam? RBI Grade B NABARD Grade A/B UPSC MCQs Q.1) What are Treasury Bills? [1] Long-term bonds[2] Short-term government securities[3] Corporate shares[4] Tax instruments Q.2) Where are T-Bills issued? [1] Private companies[2] Government of India[3] RBI itself[4] State governments Q.3) What was the reason for cancellation of T-Bills? [1] Low demand[2] High yield bids[3] Technical issue[4] Fiscal deficit Q.4) What is the maturity period of T-Bills? [1] 1–2 years[2] 5–10 years[3] 91, 182, 364 days[4] 30 years Q.5) What happens when bond prices fall? [1] Yield decreases[2] Yield increases[3] No change[4] Zero yield ANSWERS 1 → [2]2 → [2]3 → [2]4 → [3]5 → [2]
Collateral-Free Loans for MSMEs – RBI Proposal and Concerns
Source: BS Context: Reserve Bank of India proposes collateral-free loans up to ₹20 lakh for MSMEs What is Collateral in Banking? Collateral refers to any asset pledged by a borrower to secure a loan. It acts as a safety net for lenders in case the borrower fails to repay. What is Collateral-Based Lending? Collateral-based lending is a traditional lending model where banks rely heavily on pledged assets rather than only on borrower income. What is Cash-Flow-Based Lending? Cash-flow-based lending evaluates the borrower’s ability to repay based on income streams, business turnover, and financial records instead of physical assets. Important for which Exam? RBI Grade B NABARD Grade A/B MCQs Q.1) What is collateral in banking? [1] Interest rate[2] Asset pledged against loan[3] Tax paid[4] Insurance premium Q.2) What is the main aim of RBI’s proposal? [1] Increase exports[2] Promote cash-flow-based lending[3] Reduce inflation[4] Increase taxes Q.3) What is moral hazard? [1] Risk before loan[2] Risk after loan disbursement[3] Tax evasion[4] Inflation rise Q.4) What is SARFAESI related to? [1] Tax collection[2] Loan recovery[3] Trade policy[4] Agriculture ANSWERS 1 → [2]2 → [2]3 → [2]4 → [2]
Finance Bill 2026
Source: TH Context: Finance Bill 2026 passed in Lok Sabha with 32 amendments What is the Finance Bill? The Finance Bill is a legislative proposal that contains taxation measures announced in the Union Budget. What is Share Buyback? A buyback occurs when a company repurchases its own shares from shareholders. Tax change: What is Capital Gains Tax? Capital gains tax is levied on profit earned from sale or transfer of assets. What is Surcharge? Surcharge is an additional tax levied on higher-income taxpayers. What is Startup Tax Holiday? A tax benefit given to eligible startups. Change: Impact: What is Reassessment? Reassessment allows tax authorities to reopen past returns. New rule: Important for which exam? RBI Grade B NABARD Grade A/B SEBI Grade A MCQs Q.1) What is the Finance Bill? [1] Monetary policy tool[2] Law implementing budget taxation proposals[3] Trade agreement[4] Banking regulation Q.2) Where is the Finance Bill passed? [1] RBI[2] Lok Sabha[3] SEBI[4] Supreme Court Q.3) What is share buyback? [1] Sale of shares[2] Company repurchasing its shares[3] Issue of new shares[4] Dividend payment Q.4) What is capital gains tax? [1] Tax on income[2] Tax on profit from asset sale[3] Tax on imports[4] Tax on exports Q.5) What surcharge is applied on buyback gains? [1] 5%[2] 10%[3] 12%[4] 15% ANSWERS 1 → [2]2 → [2]3 → [2]4 → [2]5 → [3]
