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]
Agriculture Ministry Sets Up Special Cell to Monitor Farm Inputs
Source: BL Context: Ministry of Agriculture and Farmers Welfare sets up Special Cell amid global supply disruption What is the Special Monitoring Cell? A dedicated mechanism to track availability of key agricultural inputs. What are Agricultural Inputs? Inputs are essential resources used in farming. What is Black Marketing? Black marketing refers to illegal sale of goods at higher prices during shortages. What is Farmer ID? A digital identification system for farmers. What are Subsidised Fertilisers? Government-supported fertilizers sold at lower prices. Important for Which Exam? NABARD Grade A/B MCQs Q.1) What is the purpose of the Special Cell? [1] Increase production[2] Monitor farm inputs[3] Export crops[4] Provide loans Q.2) What are agricultural inputs? [1] Machines[2] Fertilizers, seeds, pesticides[3] Roads[4] Buildings Q.3) What is Farmer ID? [1] Bank account[2] Digital identity for farmers[3] Loan scheme[4] Insurance Q.4) What is DAP? [1] Fuel[2] Fertilizer[3] Pesticide[4] Seed ANSWERS 1 → [2]2 → [2]3 → [2]4 → [2]
Daily Current Affairs (DCA) 25 March, 2026
Daily Current Affairs Quiz25 March, 2026 National Affairs 1. Global Terrorism Index 2026 Source: Mint Context: Institute for Economics and Peace releases Global Terrorism Index 2026 What is Global Terrorism Index? Key Findings Country Rankings Most Affected Countries METHODOLOGY DATA Important For: MCQs Q.1) Global Terrorism Index is released by: [1] United Nations[2] World Bank[3] Institute for Economics and Peace[4] IMF[5] Interpol Answer: [3] Q.2) GTI score ranges between: [1] 0 to 5[2] 1 to 10[3] 0 to 10[4] 10 to 100[5] 0 to 100 Answer: [3] Q.3) India’s rank in GTI 2026 is: [1] 10[2] 11[3] 12[4] 13[5] 14 Answer: [4] Q.4) Which country ranked first in GTI 2026? [1] Nigeria[2] Mali[3] Pakistan[4] Niger[5] Burkina Faso Answer: [3] Q.5) GTI measures: [1] Economic growth[2] Climate change[3] Impact of terrorism[4] Population growth[5] Trade Answer: [3] 2. Internal Audit Portal (Ministry of Rural Development) Context: Ministry of Rural Development launches real-time Internal Audit Portal What is the Internal Audit Portal? Important For: MCQs Q.1) Internal Audit Portal is launched by: [1] Ministry of Finance[2] Ministry of Rural Development[3] NITI Aayog[4] RBI[5] SEBI Answer: [2] Q.2) The portal is developed by: [1] ISRO[2] DRDO[3] NIC[4] MeitY directly[5] RBI Answer: [3] 3. Jal Seva Aankalan Framework Context: Government operationalises Jal Seva Aankalan Framework under Jal Jeevan Mission What is the Framework? Key Features Community-Led Assessment Gram Sabha Validation Digital Data Integration Important For: MCQs Q.1) Jal Seva Aankalan Framework is associated with: [1] Urban sanitation[2] Rural drinking water assessment[3] Irrigation projects[4] River cleaning[5] Groundwater extraction Answer: [2] Q.2) Which body conducts ground-level assessment? [1] District Collector[2] Gram Sabha[3] Village Water & Sanitation Committee[4] NITI Aayog[5] Parliament Answer: [3] 4. Remission of Duties and Taxes on Exported Products (RoDTEP) Context: Government restores full benefits under Remission of Duties and Taxes on Exported Products What is RoDTEP? KEY FEATURES Coverage Digital Mechanism WTO Compliance BACKGROUND Important For: MCQs Q.1) RoDTEP scheme aims to: [1] Provide direct subsidies to exporters[2] Refund un-rebated taxes and duties[3] Increase imports[4] Control inflation[5] Regulate banking Answer: [2] Q.2) RoDTEP replaced: [1] SEZ scheme[2] GST[3] MEIS[4] FDI policy[5] EXIM Bank Answer: [3] Q.3) RoDTEP is compliant with: [1] IMF norms[2] World Bank rules[3] WTO rules[4] RBI guidelines[5] SEBI norms Answer: [3] Q.4) Benefits under RoDTEP are given as: [1] Cash transfer[2] Tax exemption certificates[3] Duty credit scrips[4] Bonds[5] Subsidy cheques Answer: [3] Q.5) FOB value refers to: [1] Cost including insurance[2] Value at export point excluding freight and insurance[3] Domestic price[4] Import value[5] Tax value Answer: [2] 5. Raajmarg Infra Investment Trust (RIIT) Context: National Highways Authority of India sponsored Raajmarg Infra Investment Trust listed on Bombay Stock Exchange What is RIIT? KEY FEATURES Asset Monetisation Investment Management Revenue Generation Regulatory Framework Important For? MCQs Q.1) RIIT is: [1] A banking institution[2] A mutual fund for equities[3] An Infrastructure Investment Trust[4] A government department[5] A pension fund Answer: [3] Q.2) RIIT is primarily used for: [1] Tax collection[2] Asset monetisation of highways[3] Loan disbursement[4] Insurance services[5] Export promotion Answer: [2] Q.3) InvITs are regulated by: [1] RBI[2] SEBI[3] NABARD[4] IRDAI[5] Finance Commission Answer: [2] Q.4) Minimum distribution requirement in InvITs is: [1] 50%[2] 60%[3] 70%[4] 80%[5] 90% Answer: [5] Q.5) Revenue for RIIT mainly comes from: [1] Taxes[2] Toll collection[3] GST[4] Imports[5] Donations Answer: [2] 6. Corruption Perceptions Index 2025 Context: Transparency International releases Corruption Perceptions Index 2025 What is Corruption Perceptions Index (CPI)? KEY FINDINGS Global Trends INDIA’S PERFORMANCE Trend Analysis Comparative Position DATA POINTS Important For: MCQs Q.1) CPI is released by: [1] World Bank[2] IMF[3] Transparency International[4] UNDP[5] OECD Answer: [3] Q.2) CPI score range is: [1] 0–10[2] 0–50[3] 0–100[4] 10–100[5] 1–100 Answer: [3] Q.3) India’s CPI 2025 score is: [1] 35[2] 37[3] 39[4] 41[5] 45 Answer: [3] Q.4) CPI measures: [1] Actual corruption cases[2] Perceived corruption[3] Economic growth[4] Poverty[5] Inflation Answer: [2] Q.5) Higher CPI score indicates: [1] Higher corruption[2] Lower corruption[3] No relation[4] Economic growth[5] Political stability Answer: [2] 7. Transgender Persons (Protection of Rights) Amendment Bill, 2026 Context: Lok Sabha passes Transgender Persons Amendment Bill 2026 What is the Bill? KEY PROVISIONS Removal of Self-Identification Rights Mandatory Medical Verification Protection-Oriented Measures Banking/Finance 1. SEBI Proposal – Gift Cards for Mutual Fund Investments Context: Gift Prepaid Payment Instruments (PPIs) for Mutual Funds What is the Proposal? SEBI has proposed allowing Gift Prepaid Payment Instruments (PPIs), which can be purchased by an individual and gifted to another person, who can then use them to invest in mutual fund units. Why is it Important? Key Features DATA POINTS Important For? MCQs Q.1) Gift PPIs are proposed by: [1] RBI[2] SEBI[3] NABARD[4] IRDAI[5] Finance Ministry Answer: [2] Q.2) Gift PPIs can be used for: [1] Any purchase[2] Mutual fund investments only[3] Loan repayment[4] Insurance premium[5] Tax payment Answer: [2] Q.3) Maximum investment allowed via Gift PPIs is: [1] ₹10,000[2] ₹25,000[3] ₹50,000[4] ₹1,00,000[5] No limit Answer: [3] Q.4) Validity of Gift PPIs is: [1] 6 months[2] 1 year[3] 2 years[4] 5 years[5] Unlimited Answer: [2] Q.5) Which is mandatory for recipient? [1] PAN only[2] Aadhaar only[3] KYC compliance[4] Bank account abroad[5] GST registration Answer: [3] 2. RBI Push for Unified View of Payment Mandates Context: Unified Mandate View Across Payment Systems What is the Proposal? RBI has proposed an interoperable system enabling users to view all recurring payment mandates (standing instructions) across platforms like: in one unified dashboard (bird’s-eye view). Key Features RBI Digital Initiatives: MCQs Q.1) Consider the following statements: Options:[1] 1 only[2] 1 and 2 only[3] 1 and 3 only[4] 2 and 3 only[5] 1, 2 and 3 Answer: [3] Q.2) The main objective of RBI’s proposal is: [1] Increase tax revenue[2] Improve transparency and customer protection[3] Promote cash economy[4] Reduce digital payments[5] Control inflation Answer: [2] Q.3) Payment mandate refers to: [1] One-time payment[2] Recurring auto-debit instruction[3] Loan approval[4] Tax payment[5] Insurance premium Answer: [2] Q.4) MuleHunter is used for: [1] Loan processing[2] Detecting mule accounts[3] Payment settlement[4] KYC verification[5] Tax filing Answer: [2] Q.5) Interoperability means: [1] Cash usage across banks[2] Seamless integration of different
Global Terrorism Index 2026
Source: Mint Context: Institute for Economics and Peace releases Global Terrorism Index 2026 What is Global Terrorism Index? Key Findings Country Rankings Most Affected Countries METHODOLOGY DATA Important For: MCQs Q.1) Global Terrorism Index is released by: [1] United Nations[2] World Bank[3] Institute for Economics and Peace[4] IMF[5] Interpol Answer: [3] Q.2) GTI score ranges between: [1] 0 to 5[2] 1 to 10[3] 0 to 10[4] 10 to 100[5] 0 to 100 Answer: [3] Q.3) India’s rank in GTI 2026 is: [1] 10[2] 11[3] 12[4] 13[5] 14 Answer: [4] Q.4) Which country ranked first in GTI 2026? [1] Nigeria[2] Mali[3] Pakistan[4] Niger[5] Burkina Faso Answer: [3] Q.5) GTI measures: [1] Economic growth[2] Climate change[3] Impact of terrorism[4] Population growth[5] Trade Answer: [3]
Corruption Perceptions Index 2025
Context: Transparency International releases Corruption Perceptions Index 2025 What is Corruption Perceptions Index (CPI)? KEY FINDINGS Global Trends INDIA’S PERFORMANCE Trend Analysis Comparative Position DATA POINTS Important For: MCQs Q.1) CPI is released by: [1] World Bank[2] IMF[3] Transparency International[4] UNDP[5] OECD Answer: [3] Q.2) CPI score range is: [1] 0–10[2] 0–50[3] 0–100[4] 10–100[5] 1–100 Answer: [3] Q.3) India’s CPI 2025 score is: [1] 35[2] 37[3] 39[4] 41[5] 45 Answer: [3] Q.4) CPI measures: [1] Actual corruption cases[2] Perceived corruption[3] Economic growth[4] Poverty[5] Inflation Answer: [2] Q.5) Higher CPI score indicates: [1] Higher corruption[2] Lower corruption[3] No relation[4] Economic growth[5] Political stability Answer: [2]
SEBI Proposal – Gift Cards for Mutual Fund Investments
Context: Gift Prepaid Payment Instruments (PPIs) for Mutual Funds What is the Proposal? SEBI has proposed allowing Gift Prepaid Payment Instruments (PPIs), which can be purchased by an individual and gifted to another person, who can then use them to invest in mutual fund units. Why is it Important? Key Features DATA POINTS Important For? MCQs Q.1) Gift PPIs are proposed by: [1] RBI[2] SEBI[3] NABARD[4] IRDAI[5] Finance Ministry Answer: [2] Q.2) Gift PPIs can be used for: [1] Any purchase[2] Mutual fund investments only[3] Loan repayment[4] Insurance premium[5] Tax payment Answer: [2] Q.3) Maximum investment allowed via Gift PPIs is: [1] â‚ą10,000[2] â‚ą25,000[3] â‚ą50,000[4] â‚ą1,00,000[5] No limit Answer: [3] Q.4) Validity of Gift PPIs is: [1] 6 months[2] 1 year[3] 2 years[4] 5 years[5] Unlimited Answer: [2] Q.5) Which is mandatory for recipient? [1] PAN only[2] Aadhaar only[3] KYC compliance[4] Bank account abroad[5] GST registration Answer: [3]
RBI Push for Unified View of Payment Mandates
Context: Unified Mandate View Across Payment Systems What is the Proposal? RBI has proposed an interoperable system enabling users to view all recurring payment mandates (standing instructions) across platforms like: in one unified dashboard (bird’s-eye view). Key Features RBI Digital Initiatives: MCQs Q.1) Consider the following statements: Options:[1] 1 only[2] 1 and 2 only[3] 1 and 3 only[4] 2 and 3 only[5] 1, 2 and 3 Answer: [3] Q.2) The main objective of RBI’s proposal is: [1] Increase tax revenue[2] Improve transparency and customer protection[3] Promote cash economy[4] Reduce digital payments[5] Control inflation Answer: [2] Q.3) Payment mandate refers to: [1] One-time payment[2] Recurring auto-debit instruction[3] Loan approval[4] Tax payment[5] Insurance premium Answer: [2] Q.4) MuleHunter is used for: [1] Loan processing[2] Detecting mule accounts[3] Payment settlement[4] KYC verification[5] Tax filing Answer: [2] Q.5) Interoperability means: [1] Cash usage across banks[2] Seamless integration of different systems[3] Restricting transactions[4] Blocking UPI[5] Increasing fees Answer: [2]
