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]
Grameen Credit Score (GCS)
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]
