Context: The 23rd edition of the FIFA World Cup officially kicked off on 11 June 2026, marking the largest structural expansion in the history of international football. For the first time, the tournament features 48 teams (up from 32), with 104 matches (up from 64), spread across a 39-day international championship. The tournament is jointly hosted by three nations: United States (11 cities), Mexico (3 cities), and Canada (2 cities), for a total of 16 host cities. Argentina enters as the defending champion after winning its third title in 2022. Cape Verde, Curaçao, Jordan, and Uzbekistan are making their historic World Cup debuts. The Tournament Hosting Milestones Debut Nations Top Football Champion Nations (All-Time) About FIFA India’s Position Recent FIFA World Cup Winners Practice MCQs Q1. With reference to the FIFA World Cup 2026, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; the total number of matches has increased from 64 to 104, NOT decreased.) Q2. With reference to hosting milestones at the 2026 FIFA World Cup, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; India is NOT a host of the 2026 World Cup; only US, Mexico, and Canada are joint hosts.) Q3. With reference to historic World Cup champions, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; England has won only 1 World Cup title (in 1966), NOT 5.) Q4. With reference to FIFA and its confederations, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; India is a member of the AFC (Asian Football Confederation), NOT UEFA.) Q5. With reference to debut nations at the 2026 FIFA World Cup, consider the following statements: Which of the above are correct? (a) 1, 3 and 4 only (b) 1, 2 and 3 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 2 is wrong; India is NOT making its World Cup debut in 2026; India has never qualified for the FIFA World Cup.) Answer Key
Daily Current Affairs (DCA) 12 & 13 June, 2026
Daily Current Affairs Quiz12 & 13 June, 2026 International Affairs 1. The FIFA World Cup 2026 Context: The 23rd edition of the FIFA World Cup officially kicked off on 11 June 2026, marking the largest structural expansion in the history of international football. For the first time, the tournament features 48 teams (up from 32), with 104 matches (up from 64), spread across a 39-day international championship. The tournament is jointly hosted by three nations: United States (11 cities), Mexico (3 cities), and Canada (2 cities), for a total of 16 host cities. Argentina enters as the defending champion after winning its third title in 2022. Cape Verde, Curaçao, Jordan, and Uzbekistan are making their historic World Cup debuts. The Tournament Hosting Milestones Debut Nations Top Football Champion Nations (All-Time) About FIFA India’s Position Recent FIFA World Cup Winners Practice MCQs Q1. With reference to the FIFA World Cup 2026, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; the total number of matches has increased from 64 to 104, NOT decreased.) Q2. With reference to hosting milestones at the 2026 FIFA World Cup, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; India is NOT a host of the 2026 World Cup; only US, Mexico, and Canada are joint hosts.) Q3. With reference to historic World Cup champions, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; England has won only 1 World Cup title (in 1966), NOT 5.) Q4. With reference to FIFA and its confederations, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; India is a member of the AFC (Asian Football Confederation), NOT UEFA.) Q5. With reference to debut nations at the 2026 FIFA World Cup, consider the following statements: Which of the above are correct? (a) 1, 3 and 4 only (b) 1, 2 and 3 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 2 is wrong; India is NOT making its World Cup debut in 2026; India has never qualified for the FIFA World Cup.) Answer Key 2. The First Carbon Credits Under Article 6.4 of the Paris Agreement Source: Down To Earth Context The United Nations carbon market has officially issued its first-ever carbon credits under Article 6.4 of the Paris Agreement for a clean-cooking project in Myanmar. The credits are issued for replacing traditional wood-fired stoves with clean-cooking stoves in communities in Myanmar’s central Dry Zone, including the conflict-affected Sagaing Region. The Republic of Korea (South Korea) is the partner nation that will use part of the credits for its Emissions Trading System (ETS) compliance, while the rest supports Myanmar’s NDC goals. The project marks the transition of the Kyoto Protocol’s Clean Development Mechanism (CDM) to the Paris Agreement’s Article 6.4 mechanism, but has drawn criticism over the military junta’s control of Myanmar’s environment ministry. The First-Ever Credits What is a Carbon Credit? How the Project Works What is Article 6 of the Paris Agreement? What is the CDM and How is Article 6.4 Different? Practice MCQs Q1. With reference to the first-ever carbon credits issued under Article 6.4 of the Paris Agreement, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; the project is transitioning to the Paris Agreement’s Article 6.4 mechanism, NOT operating under the Kyoto CDM.) Q2. With reference to Article 6 of the Paris Agreement, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; Article 6 enables international cooperation through markets and non-market approaches, NOT prohibits it.) Q3. With reference to the CDM and Article 6.4 mechanism, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; the Article 6.4 mechanism requires strict verification, baselines, and Corresponding Adjustments.) Q4. With reference to India’s carbon market and climate position, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; India is a party to the Paris Agreement, having ratified it on 2 October 2016.) Answer Key National Affairs 1. Beti Bachao Beti Padhao Emerges as Nationwide Movement Promoting Girl Child Empowerment Source: News on Air Context: The Government of India’s flagship initiative, Beti Bachao Beti Padhao (BBBP), has emerged as a nationwide movement promoting behavioural change and empowering the girl child. Launched in January 2015, the scheme was designed to address the declining Child Sex Ratio (CSR) and gender-based discrimination. According to the Ministry of Women and Child Development, key indicators have improved over the decade: the Sex Ratio at Birth (SRB) has improved from 918 (2014-15) to 929 (2024-25) per HMIS data, and girls’ enrolment at secondary level has risen from 75.51 per cent (2014-15) to 80.2 per cent (2024-25) per UDISE data. The scheme continues to focus on community engagement, awareness, and inter-ministerial convergence. The Scheme at a Glance Three-Pillar Objective Key Achievements Over the Decade Linked Schemes
Beti Bachao Beti Padhao Emerges as Nationwide Movement Promoting Girl Child Empowerment
Source: News on Air Context: The Government of India’s flagship initiative, Beti Bachao Beti Padhao (BBBP), has emerged as a nationwide movement promoting behavioural change and empowering the girl child. Launched in January 2015, the scheme was designed to address the declining Child Sex Ratio (CSR) and gender-based discrimination. According to the Ministry of Women and Child Development, key indicators have improved over the decade: the Sex Ratio at Birth (SRB) has improved from 918 (2014-15) to 929 (2024-25) per HMIS data, and girls’ enrolment at secondary level has risen from 75.51 per cent (2014-15) to 80.2 per cent (2024-25) per UDISE data. The scheme continues to focus on community engagement, awareness, and inter-ministerial convergence. The Scheme at a Glance Three-Pillar Objective Key Achievements Over the Decade Linked Schemes for Girl Child Why is the Sex Ratio at Birth Important? Sex Ratio vs Child Sex Ratio vs Sex Ratio at Birth India’s Key Indicators (Latest) India’s Performance on Global Gender Indicators Practice MCQs Q1. With reference to the Beti Bachao Beti Padhao (BBBP) scheme, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; BBBP is a central government scheme, NOT a state government scheme.) Q2. With reference to BBBP’s achievements per the recent Ministry update, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; the SRB has improved, NOT declined.) Q3. With reference to sex ratio concepts, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None Q4. With reference to the PCPNDT Act and related laws, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; the PCPNDT Act prohibits prenatal sex selection, NOT mandates it.) Answer Key Exam Relevance Exam Relevance UPSC Prelims GS Paper II on Government Schemes (BBBP, SSY, Mission Shakti, PMMVY); GS Paper I on Society UPSC Mains GS Paper II on Welfare, Women and Child; GS Paper I on Society, Gender BPSC and State PCS Schemes, Women and Child, Current Affairs Banking and NABARD General Awareness on schemes SSC, Insurance, Railway Static and Current GK on BBBP, SRB, CSR, PCPNDT
Foreign Currency Non-Resident (Bank) or FCNR(B)
Source: The Economic Times Context The Reserve Bank of India (RBI) has introduced a special dispensation allowing commercial banks to mobilise fresh 3- to 5-year FCNR(B) deposits, with the RBI absorbing the full hedging cost through a special swap window. This is aimed at attracting NRI capital to support the rupee and shore up forex reserves. FCNR(B) deposits are fixed-term foreign currency bank accounts opened in India by NRIs, OCIs, and PIOs, allowing them to retain their savings in foreign currency without rupee depreciation risk. The new scheme uses a 4-step swap mechanism at the FBIL Reference Rate, with interest income tax-free in India and deposits exempt from CRR and SLR. The FCNR(B) Account in Brief Aim of the Scheme The 4-Step Swap Mechanism The RBI’s new swap window works in four clean steps: What is the FBIL Reference Rate? Why is the FCNR(B) Window So Strategic? FCNR(B) vs NRE vs NRO at a Glance Feature FCNR(B) NRE NRO Currency Foreign currency Indian Rupees Indian Rupees Repatriability Fully repatriable Fully repatriable Limited (up to USD 1 mn/year) Tax on interest Tax-free in India Tax-free in India Taxable in India Currency risk Borne by bank Borne by depositor Borne by depositor CRR and SLR Exempt Subject Subject Type Fixed deposit only Savings and FD Savings, FD, current Key Terms Practice MCQs Q1. With reference to the FCNR(B) account, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; FCNR(B) deposits are held in foreign currency, so the depositor is protected from rupee depreciation risk; the bank bears the currency risk.) Q2. With reference to the RBI’s new FCNR(B) swap mechanism, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; the RBI bears the hedging cost under the new scheme, NOT the bank.) Q3. With reference to the FBIL Reference Rate, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; FBIL is an Indian benchmark administrator, jointly owned by FIMMDA, FEDAI, and IBA, and regulated by the RBI.) Q4. With reference to NRE, NRO, and FCNR(B) accounts, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; only FCNR(B) accounts protect depositors from rupee depreciation; NRE and NRO accounts are held in rupees and expose depositors to rupee risk.) Answer Key
FCRA Amendment Bill, 2026
Source: The Hindu Context The Foreign Contribution (Regulation) Amendment (FCRA) Bill, 2026, introduced in the Lok Sabha on 25 March 2026, proposes significant changes to the Foreign Contribution (Regulation) Act, 2010. Supporters of the Bill argue it strengthens transparency and national security by addressing misuse of foreign funds. Critics argue it expands executive power, weakens due process, and threatens NGOs, religious institutions, and minority-run educational and charitable bodies. The Bill builds on the 2020 FCRA amendments, which had already tightened the regime. The Bill at a Glance Key Proposed Changes (Per the Op-Ed) What is the FCRA? What Are the Constitutional Articles Cited? Key Terms Practice MCQs Q1. With reference to the Foreign Contribution (Regulation) Act (FCRA), consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; the FCRA is administered by the Ministry of Home Affairs, NOT the Ministry of External Affairs.) Q2. With reference to the 2020 FCRA amendments (background), consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None Q3. With reference to the constitutional articles often cited in FCRA debates, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; Article 300A is a constitutional right, not a fundamental right, after the 44th Constitutional Amendment, 1978 removed the right to property from the chapter on fundamental rights.) Q4. With reference to the FCRA Amendment Bill, 2026 (as described in the editorial), consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; the Bill has only been introduced, NOT enacted; the parliamentary process and possible judicial review are still pending.) Answer Key
Indian Agri-Tech and Water-Tech Startups Must Move Beyond Basic Problem-Solving: NITI Aayog Official
Source: Business Standard Context: Himanshu Joshi, Programme Director at NITI Aayog, has called on Indian agri-tech and water-tech startups to move beyond basic problem-solving and adopt advanced technologies to enter new markets and overcome regulatory and technology-maturity challenges. Speaking at the Nasscom Deeptech Confluence 2026 on Agri and Water Tech, Joshi drew on examples from NITI Aayog’s bilateral collaboration programmes with countries like Denmark, where foreign startups have improvised and adapted their products to Indian conditions and scaled across the Global South. Examples Cited What is Agri-Tech? What is Water-Tech? India’s Agri-Tech and Water-Tech Landscape What is NITI Aayog? What is NITI Aayog’s Atal Innovation Mission (AIM)? Key Terms Practice MCQs Q1. With reference to NITI Aayog, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; NITI Aayog is an executive body created by a Cabinet resolution, NOT a constitutional body. Article 280 deals with the Finance Commission.) Q2. With reference to NITI Aayog’s Atal Innovation Mission (AIM), consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; AIM is administered by NITI Aayog, NOT SEBI.) Q3. With reference to India’s start-up ecosystem, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None Q4. With reference to agri-tech and water-tech, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; NITI Aayog actively participates in bilateral collaboration programmes for innovation and technology.) Answer Key Exam Relevance NABARD Grade A Very high importance, agri-tech, water, rural innovation
Oilseeds Kisaan Mitra: India’s First WhatsApp-Based AI Advisory Service for Oilseed Farmers
Source: PIB Context The Ministry of Agriculture and Farmers Welfare has highlighted the nationwide impact of Oilseeds Kisaan Mitra, India’s first WhatsApp-based AI advisory service for oilseed cultivation, as farmers enter the crucial kharif sowing season. Developed by the ICAR-Indian Institute of Oilseeds Research (ICAR-IIOR), Hyderabad, the 24×7 multilingual AI-powered chatbot delivers research-validated agricultural advice to farmers in their native regional languages, directly via WhatsApp, without requiring downloads of separate apps or complex browsers. The Platform How to Access Crops Covered Languages Supported End-to-End Crop Cycle Guidance Why is Oilseed Farming So Important for India? What is the National Mission on Edible Oils (NMEO)? ICAR (Indian Council of Agricultural Research) at a Glance Key Terms Practice MCQs Q1. With reference to Oilseeds Kisaan Mitra, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; the service is accessible directly via WhatsApp, without requiring any separate app download.) Q2. With reference to the coverage and design of Oilseeds Kisaan Mitra, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; the chatbot provides end-to-end crop cycle guidance, including post-harvest processing, drying, and storage.) Q3. With reference to ICAR and its institutes, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; ICAR is the apex government body for agricultural research, NOT a private research foundation.) Q4. With reference to India’s edible oil sector and policies, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; India imports about 55-60 per cent of its edible oil needs, NOT self-sufficient.) Answer Key Exam Relevance NABARD Grade A Very high importance, agriculture, oilseeds, ICAR, rural extension
NBA Reconstitutes Expert Committee on Agrobiodiversity Under Section 13(1) of Biological Diversity Act, 2002
Source: News on Air Context The National Biodiversity Authority (NBA) has reconstituted the Expert Committee on Agrobiodiversity under Section 13(1) of the Biological Diversity Act, 2002. The Committee has been reconstituted for a period of one year to guide the conservation, sustainable use, and access and benefit-sharing (ABS) of agricultural biodiversity. The Ministry of Environment, Forest and Climate Change (MoEFCC) noted that the Committee plays a significant role in implementing the Biological Diversity Act. Padma Shri Dr P.L. Gautam will serve as the Co-Chair of the Committee. The Reconstitution About Agrobiodiversity Why is Agrobiodiversity Important? About the National Biodiversity Authority (NBA) The Biological Diversity Act, 2002 Section 13(1) of the Biological Diversity Act 2023 Amendment to the Biological Diversity Act Convention on Biological Diversity (CBD) Key Terms Practice MCQs Q1. With reference to the National Biodiversity Authority (NBA), consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; NBA is a statutory body, NOT a private foundation.) Q2. With reference to the three-tier biodiversity management structure under the Biological Diversity Act, 2002, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; NBA is the apex body under the Biological Diversity Act, NOT ICAR.) Q3. With reference to the Convention on Biological Diversity (CBD) and its protocols, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None Q4. With reference to India’s agrobiodiversity framework, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; India is a party to the CBD since 1994.) Answer Key Exam Relevance NABARD Grade A Very high importance, biodiversity, agriculture, genetic resources
India Calls for Dialogue on Climate Finance at Bonn Climate Conference 2026 (SB64)
Source: TH Context: At the UN climate change negotiations in Bonn, Germany (SB64), India called for addressing the shrinking pool of international climate finance and the widening adaptation funding gap. India argued that developed countries must honour their legal obligation under Article 9.1 of the Paris Agreement to provide climate finance to developing nations. India highlighted that the adaptation finance gap is 10 to 18 times current public flows, while developing nations need USD 5 to 6 trillion by 2030 to implement their NDCs. India aligned with the G77 and China, LMDCs, and the BASIC bloc. India’s Key Concerns at Bonn (SB64) The Bonn Climate Conference 2026 topic has been covered twice in this conversation (the original article and the “India Calls for Dialogue on Climate Finance” angle). Here is a compact supplementary revision pack with memory aids and fresh MCQs. Bonn Climate Conference 2026 (SB64) The Bonn Climate Conference 2026 is the 64th Sessions of the Subsidiary Bodies (SB64) under the UNFCCC. Held in Bonn, Germany (where the UNFCCC Secretariat sits), it is the mid-year technical and preparatory meeting ahead of COP31. What is Climate Finance? What is the Common But Differentiated Responsibilities (CBDR) Principle? Practice MCQs Q1. With reference to India’s intervention on climate finance at Bonn SB64, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; Article 9.1 of the Paris Agreement makes it legally mandatory for developed countries to provide climate finance.) Q2. With reference to the New Collective Quantified Goal (NCQG) and climate finance frameworks, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None Q3. With reference to climate negotiation blocs that India is part of, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; India is not a member of AOSIS, which is a bloc of small island states.) Q4. With reference to the Common But Differentiated Responsibilities (CBDR) principle, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; CBDR-RC remains the foundational principle of UNFCCC negotiations and has not been abandoned.) Answer Key
Bloomberg Global Aggregate Bond Index
Source: Business Standard Context: India is currently executing major capital market reforms to secure the inclusion of its government bonds in the prestigious Bloomberg Global Aggregate Bond Index. The reforms include scrapping withholding and capital gains tax on foreign G-sec investments, expanding the Fully Accessible Route (FAR) to new 15-, 30-, and 40-year G-secs, and operational improvements in registration, settlement, and tax processes. Bloomberg Index Services is expected to seek investor feedback on India’s inclusion later this month. Analysts estimate that inclusion could bring USD 20-25 billion in passive foreign investment at a 7-10 per cent index weight (a small share of the global index, but large for India). The Index India’s Inclusion Status What Are FAR Bonds? India’s Position in Global Bond Indices Hierarchy How Does an “Aggregate Bond Index” Work? Key Risks and Cautions Practice MCQs Q1. With reference to the Bloomberg Global Aggregate Bond Index, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; India is a candidate, not yet a constituent, of the Bloomberg Global Aggregate Bond Index.) Q2. With reference to the Fully Accessible Route (FAR), consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; the FAR applies to Indian Government Securities (G-secs), NOT only corporate bonds.) Q3. With reference to India’s bond index inclusion journey, consider the following statements: How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None (Statement 4 is wrong; the JPMorgan EM index existed long before India’s inclusion, which happened only in June 2024.) Q4. With reference to the macroeconomic significance of global bond index inclusion, consider the following statements: Which of the above are correct? (a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four (Statement 4 is wrong; inclusion is not a one-time event, and continued reform momentum is needed to sustain foreign confidence.) Answer Key Exam Relevance Exam Relevance UPSC Prelims GS Paper III on Indian Economy (Bond Index, G-secs, FAR, FPI, Capital Flows) UPSC Mains GS Paper III on Indian Economy, External sector, Monetary policy, Capital markets BPSC and State PCS Economy, Capital markets, Current Affairs Banking (RBI Gr B, SBI PO, IBPS, NABARD) Very high importance, G-secs, bond markets, FAR, FPI RBI Grade B Core area on external sector and monetary policy SEBI Grade A and IRDAI Grade A Capital markets, FPI flows, bond markets
