March 2026 Current Affairs Quiz PDF with Answers

Answer: B. Operation Ghazab lil-Haq

Pakistan reportedly launched Operation Ghazab lil-Haq during the recent escalation with Afghanistan. The operation aims to neutralise Afghan combatants, destroy militant infrastructure, and secure border regions along the Durand Line. The conflict marks a shift from sporadic border skirmishes to a more conventional military confrontation involving airstrikes, artillery, and armoured units.

Answer: C. Micron Technology Inc.

Prime Minister Narendra Modi inaugurated Micron Technology Inc.’s ATMP semiconductor facility in Sanand, Gujarat. ATMP facilities package semiconductor chips after fabrication and convert DRAM and NAND wafers into finished memory and storage products used in electronics, AI systems, data centres, and mobile devices.

Answer: C. 50%

The Micron ATMP semiconductor project has received 50% capital subsidy from the Union Government, amounting to around ₹22,516 crore. Additionally, the Gujarat Government has provided 20% support, reflecting strong public backing under the India Semiconductor Mission aimed at boosting domestic semiconductor manufacturing.

Answer: C. Controller General of Accounts

The Controller General of Accounts (CGA) launched the Government Bank Dashboard and Government Bank Manual. The initiative aims to modernise oversight of government banking transactions through real-time monitoring, standardised procedures, and improved reconciliation systems to strengthen transparency and accountability in managing public funds.

Answer: C. Hindustan Aeronautics Limited

LCH Prachand is India’s first indigenously developed light combat helicopter, designed and manufactured by Hindustan Aeronautics Limited (HAL). It is capable of air-to-air combat, anti-armour operations, and counter-insurgency missions, and is specifically designed to operate in high-altitude areas such as the Siachen Glacier and Ladakh region.

Answer: B. Brahmaputra

National Waterway-2 (NW-2) runs along the Brahmaputra River in Assam. The government recently inaugurated projects such as the Bogibeel Customs & Immigration Complex and Dhubri Gateway CIC to improve cargo movement, cross-border trade connectivity, and river tourism in the Northeast region.

Answer: C. 5%

Around 5% of India’s international trade is currently invoiced and settled in rupees. The Reserve Bank of India has encouraged rupee trade through mechanisms such as Special Rupee Vostro Accounts (SRVAs) and local currency trade agreements with several countries to reduce dependence on the US dollar.

Answer: B. National Health Authority

The National Health Authority (NHA) launched eSushrut@Clinic, a SaaS-based digital platform designed for small and mid-sized clinics. It helps digitise patient records, manage appointments, streamline consultations, and integrate with the Ayushman Bharat Digital Mission (ABDM) ecosystem.

Answer: B. Iron, Folic Acid, Vitamin B12

Fortified rice is enriched with Iron, Folic Acid, and Vitamin B12 to combat micronutrient deficiencies such as anaemia. It has been distributed through schemes like TPDS, PM-POSHAN (Mid-Day Meal), ICDS, and PM Garib Kalyan Anna Yojana to improve nutrition among vulnerable populations.

Answer: D. 14%

The World Bank estimates that around 14% of global agricultural subsidies are directly linked to deforestation. Many subsidies encourage environmentally harmful practices such as excessive fertilizer use, which can degrade soil health and contribute to environmental damage.

Answer: B. Operation Epic Fury (Operation Genesis)

In 2026, the United States and Israel reportedly launched a large-scale military offensive called Operation Epic Fury (Operation Genesis) targeting Iran’s nuclear and ballistic missile infrastructure. The operation escalated tensions into a regional war and marked a shift from indirect conflict to direct military confrontation.

Answer: B. Canada

India and Canada signed a long-term uranium supply agreement valued at about CAD $2.6 billion (US $1.9 billion). The agreement supports India’s nuclear energy expansion and includes cooperation in Small Modular Reactors (SMRs) and advanced nuclear technology.

Answer: C. Preventing resurgence of Left Wing Extremism

Legacy Thrust Territories (LTTs) are previously Naxal-affected districts identified for continued monitoring and development intervention to prevent the resurgence of Left Wing Extremism (LWE) after major security successes.

Answer: C. Shegaon, Maharashtra

The National Arogya Fair 2026 was organised from 25–28 February 2026 at Shegaon in Buldhana district, Maharashtra. The event promoted integrated healthcare and showcased medical systems such as Allopathy, Ayurveda, Yoga, Naturopathy, Unani, Siddha, and Homeopathy.

Answer: C. Registered name and SEBI registration number

SEBI requires all SEBI-registered intermediaries to display their registered name and SEBI registration number while posting securities-related content on digital platforms to prevent fraud and misinformation by unregistered finfluencers.

Answer: B. Fair Practices Code

RBI imposed the penalty because the company charged revised foreclosure fees without updating loan agreements and showed deficiencies in grievance redressal procedures, violating RBI’s Fair Practices Code for NBFCs.

Answer: C. Industrial sector performance

The Index of Industrial Production (IIP) measures the output of the industrial sector, including manufacturing, mining, and electricity. It is an important indicator used to assess short-term economic activity.

Answer: C. Reserve Bank of India

Both Payments Banks and Small Finance Banks (SFBs) are licensed and regulated by the Reserve Bank of India (RBI). SFBs can provide loans and accept deposits, whereas Payments Banks mainly offer payment and deposit services.

Answer: D. 8.25%

The Employees’ Provident Fund Organisation (EPFO) recommended keeping the EPF interest rate at 8.25% for FY 2025–26, maintaining stability in returns for more than 6 crore EPF subscribers.

Answer: D. Thematic and sectoral funds

SEBI introduced a 50% portfolio overlap cap for thematic and sectoral mutual fund schemes within the same AMC to reduce duplication of portfolios and improve transparency and differentiation among schemes.

Answer: C. It serves as a major maritime route for global oil and LNG shipments from the Persian Gulf

The Strait of Hormuz is one of the world’s most critical energy chokepoints. A large share of global oil and LNG exports from the Persian Gulf pass through this narrow maritime passage before reaching international markets.

Answer: B. Iran and Oman

The Strait of Hormuz is located between Iran to the north and Oman to the south. It connects the Persian Gulf with the Gulf of Oman and ultimately the Arabian Sea, making it strategically vital for global trade and energy transport.

Answer: C. 41%

The 16th Finance Commission retained the states’ share in the divisible pool of central taxes at 41%, continuing the arrangement recommended earlier by the 15th Finance Commission.

Answer: C. Contribution to GDP

The 16th Finance Commission introduced “Contribution to GDP” with a weight of 10% as a new parameter in the horizontal devolution formula, replacing earlier parameters such as tax effort or fiscal discipline.

Answer: B. Mahatma Gandhi National Rural Employment Guarantee Scheme

The National Mobile Monitoring System (NMMS) app is used under MGNREGS to record worker attendance, upload geotagged photos of worksites, and improve transparency in wage payments.

Answer: C. Strigidae

The Dusky Eagle-Owl (Ketupa coromanda) is a large bird of prey belonging to the owl family Strigidae and is found across South and Southeast Asia.

Answer: C. Ind AS

IRDAI has proposed that insurers transition from Indian Generally Accepted Accounting Principles (IGAAP) to Indian Accounting Standards (Ind AS), which are aligned with International Financial Reporting Standards (IFRS).

Answer: C. 50%

SEBI has capped portfolio overlap at 50% to ensure meaningful differentiation between mutual fund schemes and prevent asset management companies from launching multiple funds with similar portfolios.

Answer: B. A short-term money market instrument issued by banks

Certificates of Deposit (CDs) are short-term money market instruments issued by banks to raise funds from institutional investors. Their maturity period typically ranges from 7 days to 1 year.

Answer: C. 100%

The Liquidity Coverage Ratio (LCR) ensures that banks hold enough high-quality liquid assets to meet their short-term obligations during a 30-day stress scenario. RBI mandates a minimum LCR of 100%.

Answer: B. Convention on Biological Diversity (CBD)

India’s 7th National Biodiversity Report has been submitted to the Convention on Biological Diversity (CBD). The report assesses India’s progress in biodiversity conservation and alignment with the Kunming–Montreal Global Biodiversity Framework (KMGBF) targets for 2030.

Answer: C. 30%

The Kunming–Montreal Global Biodiversity Framework introduced the “30×30 target”, which aims to protect 30% of global land and marine areas by 2030 in order to halt biodiversity loss and protect ecosystems.

Answer: B. Census 2027

The Government of India unveiled the mascots “Pragati” and “Vikas” to promote awareness and participation in Census 2027. Pragati represents a female enumerator and Vikas represents a male enumerator, symbolising inclusive development.

Answer: C. Semiconductor manufacturing

“Sanand 2.0” describes the transformation of Sanand in Gujarat from an automobile manufacturing hub (Sanand 1.0) into a semiconductor manufacturing ecosystem with the establishment of Micron Technology’s ATMP semiconductor facility.

Answer: C. IDFC First Bank

A ₹590-crore fraud was detected in Haryana government accounts maintained at a Chandigarh branch of IDFC First Bank. The scam reportedly involved forged cheques, manipulation of bank records, and diversion of funds to private entities.

Answer: D. ₹25,000

RBI has proposed that customers who lose up to ₹50,000 in digital fraud may receive compensation of up to ₹25,000 if the fraud is reported within five days of the incident. The cost will be shared between RBI and banks.

Answer: C. Central Board of Direct Taxes (CBDT)

The Central Board of Direct Taxes (CBDT) notified amendments to the Income-tax Rules, 2026, bringing crypto assets, CBDCs, and certain electronic money products under the financial account reporting framework.

Answer: B. Block all debit transactions from their folio

SEBI introduced a voluntary debit freeze facility that allows investors to lock their mutual fund folio. When activated, redemption, transfer, or any outflow transactions are blocked until the investor unlocks the folio.

Answer: B. Society for Worldwide Interbank Financial Telecommunication

SWIFT is a global financial messaging network used by more than 11,000 financial institutions to securely transmit payment instructions and facilitate international banking transactions.

Answer: B. e-Rupee

India’s Central Bank Digital Currency is called the e-Rupee and is issued by the Reserve Bank of India. India and the UAE are exploring a CBDC bridge connecting the e-Rupee with the UAE’s Digital Dirham for instant cross-border payments.

Answer: C. Enable women employees to report workplace harassment

The SHINE (Sexual Harassment Incident Notification for Empowerment) app was launched by Indian Railways on International Women’s Day (March 8) to provide a digital platform for women railway employees to report sexual harassment at the workplace. It is integrated with the Human Resources Management System (HRMS) and ensures confidential reporting and faster grievance redressal.

Answer: B. Green ammonia and green methanol

The Government of India has announced standards for green ammonia and green methanol to promote the production and trade of green hydrogen derivatives under the National Green Hydrogen Mission. These standards define emission thresholds and ensure transparency and credibility in green hydrogen production.

Answer: C. 150–450 km

Very Low Earth Orbit (VLEO) refers to satellite orbits between 150 km and 450 km above Earth’s surface. This is lower than traditional Low Earth Orbit (LEO), which generally ranges from 500 km to 2000 km. Bharat Electronics Limited (BEL) and Bellatrix Aerospace have partnered to develop VLEO satellite systems.

Answer: D. Chhattisgarh

The first-ever Khelo India Tribal Games (KITG) will be held in Chhattisgarh from 25 March to 6 April 2026. The event will take place in Raipur, Jagdalpur, and Sarguja and aims to promote tribal sporting talent under the Khelo India Scheme.

Answer: B. Government e-Marketplace (GeM)

SWAYATT (Startups, Women and Youth Advantage through e-Transactions) is an initiative launched in 2019 under the Government e-Marketplace (GeM). It aims to promote inclusive public procurement by enabling startups, women entrepreneurs, and youth-led enterprises to participate in government procurement.

Answer: C. AU Small Finance Bank

RBI relaxed the requirement of creating a Non-Operative Financial Holding Company (NOFHC) for AU Small Finance Bank as it transitions into a universal bank. However, the NOFHC structure will be required if the bank plans to establish additional financial services entities in the future.

Answer: E. 100%

NBFCs currently face a higher risk weight of 100% on retail loans, whereas banks face a lower risk weight of around 75%. This difference increases capital requirements for NBFCs and reduces their competitiveness compared to banks.

Answer: C. Upper Layer

RBI classifies NBFCs under the Scale-Based Regulation framework into Base Layer, Middle Layer, Upper Layer, and Top Layer. Large and systemically important NBFCs fall under the Upper Layer and face stricter regulatory supervision similar to banks.

Answer: C. NABARD

The National Climate Stack Innovation Challenge was launched by NABARD in March 2026. It aims to build a National Climate Stack to provide decision-ready climate intelligence for agriculture, rural finance, and public planning.

Answer: B. Data in Climate Resilient Agriculture

DiCRA stands for Data in Climate Resilient Agriculture. It is a digital public good platform that will be upgraded into a digital public infrastructure to support climate-resilient agriculture, rural finance planning, and climate-based policy decisions under the National Climate Stack initiative.

Answer: C. Ukraine

As per the SIPRI Report 2025, Ukraine became the largest arms importer with a share of 9.7% of global arms imports, mainly due to the ongoing conflict with Russia.

Answer: C. Decentralised renewable energy access

LaBL 2.0 (Lighting a Billion Lives 2.0) is a decentralised renewable energy programme aimed at providing clean energy access in rural and underserved areas.

Answer: C. UN Economic and Social Council

CSW is a functional commission of the UN Economic and Social Council (ECOSOC), established in 1946 to promote gender equality and women’s empowerment.

Answer: C. Supreme Court Judge

As per Article 324(5), the Chief Election Commissioner can only be removed in the same manner and on the same grounds as a judge of the Supreme Court, ensuring independence of the Election Commission.

Answer: C. 75% of PAT

RBI has capped dividend payouts at 75% of Profit After Tax (PAT), subject to conditions like capital adequacy and asset quality.

Answer: C. Liquidity increases

When RBI purchases government securities, it injects money into the banking system, thereby increasing liquidity.

Answer: B. Increased lending capacity

Recognising quarterly profits as capital allows NBFCs to expand lending and investment activities during the financial year.

Answer: C. Supporting environmentally sustainable projects

Green bonds are used to raise funds for projects with environmental benefits such as renewable energy and sustainable infrastructure.

Answer: B. 13.9%

Only 13.9% of agricultural landholdings in India are owned by women, limiting their access to institutional credit and government schemes.

Answer: C. Mahila Kisan Sashaktikaran Pariyojana

This programme focuses on empowering women farmers by promoting sustainable agricultural practices and improving their participation in decision-making.

Answer: C. 5

The Fiscal Health Index evaluates states based on five pillars: Quality of Expenditure, Revenue Mobilisation, Fiscal Prudence, Debt Index, and Debt Sustainability.

Answer: C. Odisha

Odisha secured Rank 1 with a score of 73.1 due to strong fiscal management, stable revenues, and controlled deficits.

Answer: C. Reliable service delivery

JJM 2.0 focuses on ensuring reliable and sustainable water supply services rather than just providing tap connections.

Answer: C. Withdrawing life-support treatment

Passive euthanasia involves withholding or withdrawing life-sustaining treatment and is permitted in India under Supreme Court guidelines.

Answer: D. Direct, indirect, and contingent liabilities

RBI requested detailed reporting including direct loans, indirect exposure, and contingent liabilities such as guarantees and letters of credit.

Answer: C. Banks and NBFCs jointly lend

In co-lending, banks provide low-cost funds while NBFCs handle customer reach and loan origination.

Answer: C. Upper Layer

The Upper Layer consists of systemically important NBFCs that require stricter regulatory oversight.

Answer: C. Ensure liquidity and prevent misuse

SEBI introduced rules to allow borrowing only for specific purposes and prevent speculative misuse, ensuring investor protection.

Answer: C. Price Deficiency Payment Scheme

BBY compensates farmers when market prices fall below MSP by paying the difference directly.

Answer: C. Assam

Joha rice is a GI-tagged aromatic rice variety from Assam, known for its fragrance and cultural significance.

Answer: C. Inclusivity and dignity of persons with disabilities

Purple Fest is organised by the Ministry of Social Justice and Empowerment to celebrate the achievements of Divyangjan and promote inclusivity, awareness, and equal participation in society.

Answer: C. Swachh Bharat Mission – Urban 2.0

DRAP is a one-year targeted programme launched under Swachh Bharat Mission – Urban 2.0 to clear legacy waste dumpsites and reclaim land for productive use.

Answer: D. Critically Endangered

The Great Indian Bustard is one of the most endangered bird species and is classified as Critically Endangered in the IUCN Red List, receiving the highest level of protection.

Answer: B. BharatNet

The initiative uses BharatNet rural broadband infrastructure to provide integrated “phygital” services through village-level Samriddhi Kendras.

Answer: C. Digital Payments Awareness Week (DPAW)

The RBI launched this initiative during the 6th edition of Digital Payments Awareness Week (March 9–13, 2026) to promote safe digital transactions and financial literacy.

Answer: C. Partnership where banks sell insurance products

Bancassurance is a model where banks distribute insurance products of insurance companies through their branches to customers.

Answer: D. Open Market Operations

Under Open Market Operations (OMOs), RBI purchases government securities from the market, thereby injecting liquidity into the banking system.

Answer: C. Selling unsuitable insurance products to customers

Mis-selling occurs when customers are misled or pressured into buying insurance products that do not match their financial needs or capacity.

Answer: B. Rice

Rice exports are highly dependent on West Asian markets, making them particularly vulnerable to disruptions caused by geopolitical tensions.

Answer: C. Fisheries

Fisheries have grown at around 8.8% annually, higher than livestock (7.1%) and crop sector (3.5%), making it the fastest-growing allied agricultural sector.

Answer: B. NavIC

The atomic clock failure was reported in the NavIC system, specifically onboard IRNSS-1F, affecting navigation accuracy.

Answer: C. Rubidium or Cesium

Atomic clocks use vibrations of Rubidium or Cesium atoms to maintain highly precise time.

Answer: C. 4

At least four satellites are required to determine position accurately (latitude, longitude, altitude, and time).

Answer: C. DRDO

The Pinaka system was developed by ARDE under DRDO.

Answer: C. 12 rockets in 44 seconds

A single Pinaka launcher can fire 12 rockets in less than 44 seconds.

Answer: B. Jal Jeevan Mission

Sujal Gaon ID is launched under Jal Jeevan Mission 2.0 for digital mapping of rural water supply.

Answer: C. Tamil Nadu

Megamalai Wildlife Sanctuary is located in Tamil Nadu and is part of a tiger reserve.

Answer: C. SEBI Setu

SEBI Setu will provide end-to-end regulatory guidance and compliance support.

Answer: C. Mutual Fund Distributors and Investment Advisers

The group will address regulatory overlaps between MFDs and IAs.

Answer: C. NISM

NISM will offer simplified certification modules for advisory professionals.

Answer: C. To introduce modifications and improvements

The government withdrew the bill to rework provisions and introduce improvements before re-presenting it in Parliament.

Answer: D. 67%

The report highlights that 67% of unemployed youth in 2023 were graduates, showing a sharp rise in educated unemployment.

Answer: B. Anti-submarine warfare

Exercise Sea Dragon is a multinational ASW exercise led by the United States Navy to enhance maritime surveillance and anti-submarine capabilities.

Answer: B. Create a unified insurance data infrastructure

PIR will consolidate insurance data across the lifecycle of policies to improve transparency, fraud detection, and customer experience.

Answer: C. Enhance cybersecurity in digital banking

The .bank.in domain is a dedicated secure domain to reduce phishing and increase trust in digital banking systems.

Answer: D. 75%

RBI has capped bank financing for acquisitions at 75% of the deal value, requiring at least 25% equity contribution from the acquirer.

Answer: C. 68.6%

The report highlights that 68.6% of India’s fertiliser value chain depends on imports, making it vulnerable to global shocks.

Answer: C. Nutrient-Based Subsidy (NBS)

Bringing urea under NBS will promote balanced fertiliser use and reduce excessive nitrogen consumption.

Answer: C. Section 8 not-for-profit organisation

AAAA is a Section 8 institution aimed at promoting agricultural cooperation between Asia and Africa.

Answer: C. Agricultural trade and technology transfer

AAAA focuses on trade, investment, technology transfer, and capacity building in agriculture between Asia and Africa.

Answer: C. Article 114

Article 114 states that no money can be withdrawn from the Consolidated Fund of India without approval through an Appropriation Act passed by Parliament.

Answer: D. Money Bill

The Appropriation Bill is classified as a Money Bill under Article 110 because it deals with withdrawal of funds from the Consolidated Fund of India.

Answer: C. Charged expenditure

Charged expenditure (e.g., salaries of President, Supreme Court judges, CAG) is not subject to voting in Lok Sabha.

Answer: B. Providing financial buffer during economic shocks

The fund is designed to handle global uncertainties like oil shocks, supply disruptions, and geopolitical conflicts without disturbing fiscal stability.

Answer: C. 100

Under the BHAVYA Scheme, the government plans to develop 100 plug-and-play industrial parks across India by 2032.

Answer: C. Too Big to Fail Banks

D-SIBs are called “Too Big to Fail” because their failure can disrupt the entire financial system and economy.

Answer: D. Punjab National Bank

Currently, SBI, HDFC Bank, and ICICI Bank are classified as D-SIBs. Punjab National Bank is not on the list.

Answer: B. Capturing carbon from industrial emissions

CCUS (Carbon Capture, Utilization, and Storage) captures CO₂ from industrial sources and stores or reuses it to reduce emissions.

Answer: C. Diffuse and biological nature of emissions

Agricultural emissions are spread across fields and involve gases like methane and nitrous oxide, making CCUS unsuitable.

Answer: D. 1st

India is the world’s largest producer of coconut with a share of about 30.37% in global production.

Answer: B. Happiness and Social Media

The World Happiness Report 2026 focused on the theme “Happiness and Social Media,” analyzing the impact of digital platforms on well-being.

Answer: C. 116th

India ranked 116th in 2026, showing gradual improvement from 118th (2024) and 126th (2023), though still behind some regional peers.

Answer: C. Women farmers

The Krishi Sakhi Initiative aims to empower women farmers by increasing their participation in agriculture and improving awareness of crop insurance schemes.

Answer: C. National Industrial Corridor Development Corporation

BHAVYA is implemented by the National Industrial Corridor Development Corporation under the Department for Promotion of Industry and Internal Trade.

Answer: D. Solar ingots and wafers

The ALMM framework has been expanded to include solar ingots and wafers to strengthen domestic manufacturing and reduce import dependence.

Answer: B. Manage short-term liquidity

VRR auctions are used by RBI to inject liquidity into the banking system for short durations, helping manage temporary liquidity mismatches.

Answer: C. Standing Deposit Facility

The Standing Deposit Facility (SDF) allows banks to deposit surplus funds with RBI without requiring collateral and acts as the floor of the liquidity corridor.

Answer: C. Surge in crude oil prices

Rising crude oil prices increased the import bill and dollar demand, leading to depreciation of the rupee.

Answer: C. Rise in input costs like fuel and fertilizers

Higher crude oil and gas prices increase diesel and fertilizer costs, raising overall agricultural input costs and reducing farmer profitability.

Answer: C. West Asia

India depends on West Asian countries like Saudi Arabia, Qatar, Oman, and UAE for fertilizer imports, making it vulnerable to geopolitical disruptions.

Answer: B. HIV/AIDS Management

Suraksha Sankalp Karyashala is a national-level workshop initiative organised by the Ministry of Health and Family Welfare through NACO to strengthen HIV/AIDS management at the district level.

Answer: D. 219

The initiative adopts a district-focused strategy covering 219 priority districts with localized interventions based on data analysis.

Answer: C. Diagnosis, treatment, and viral suppression

The targets aim for 95% of people knowing their HIV status, 95% of diagnosed individuals receiving treatment, and 95–99% achieving viral suppression.

Answer: C. New Income Tax Act, 2025

PRARAMBH 2026 is a nationwide awareness campaign to ensure smooth implementation of the new Income Tax Act, 2025 effective from 1 April 2026.

Answer: B. Kar Saathi

‘Kar Saathi’ is an AI chatbot introduced to provide real-time assistance and simplify taxpayer queries under PRARAMBH 2026.

Answer: C. Reduce cost of borrowing for exporters

Interest subvention is an interest subsidy provided to exporters on pre- and post-shipment credit to make financing cheaper, especially for MSMEs.

Answer: C. When loan becomes NPA

As per the revised norms, interest subvention is discontinued from the date the loan is classified as a Non-Performing Asset (NPA).

Answer: C. January 2, 2026

The scheme applies only to export credit disbursed on or after January 2, 2026, ensuring new loans follow updated norms.

Answer: C. High dollar demand and rising crude oil prices

The rupee depreciated due to increased demand for dollars by importers and a surge in global crude oil prices, impacting India’s import bill.

Answer: C. 5.25%

After reducing the repo rate by 125 basis points since February 2025, the RBI has maintained the current repo rate at 5.25%.

Answer: C. Both Companies Act, 2013 and LLP Act, 2008

The Corporate Laws (Amendment) Bill, 2026 aims to amend both the Companies Act, 2013 and the Limited Liability Partnership Act, 2008 to simplify regulations and improve ease of doing business.

Answer: B. To implement Union Budget proposals

The Finance Bill provides legal backing to taxation, revenue mobilisation, and fiscal policy measures proposed in the Union Budget 2026–27.

Answer: C. Seychelles

Exercise Lamitiye is a bilateral military exercise between India and Seychelles. “Lamitiye” means friendship in Creole, reflecting strong strategic ties.

Answer: B. Aspirational Districts Programme

The summit focuses on effective utilisation of District Mineral Foundation funds, especially in Aspirational Districts and Blocks (ADP/ABP).

Answer: B. Netting of funds for settlement

SEBI proposes allowing FPIs to settle only the net amount of buy and sell transactions, reducing capital requirements and improving efficiency.

Answer: C. Women SHG members with PMJDY accounts

The initiative provides digital micro-credit up to ₹5,000 to verified women SHG members holding Jan Dhan accounts.

Answer: C. RBI

The DEA Fund is maintained by RBI and holds unclaimed deposits, which are later used for investor awareness and protection initiatives.

Answer: B. AI and IoT sensors

Real-time crop monitoring uses AI analytics, IoT sensors, and satellite data to track crop health, soil quality, and irrigation patterns.

Answer: C. Provide traceability and transparency

QR codes allow consumers to access information about crop origin, farming practices, and quality, improving trust and transparency.

Answer: C. Converts farm data into actionable insights

AI helps analyse complex agricultural data, enabling better decision-making, predictive analytics, and improved crop management.

Answer: B. Completing stalled housing projects

SWAMIH Investment Fund II is a ₹15,000 crore fund aimed at completing stalled affordable and mid-income housing projects and providing relief to distressed homebuyers.

Answer: C. Project 17A

Taragiri (F41) is a stealth guided-missile frigate developed under Project 17A, which focuses on advanced stealth and modern combat capabilities.

Answer: C. U.S. sanctions pressure and security concerns

India exited the IPI pipeline project in 2007 due to concerns over U.S. sanctions (CAATSA), pricing disputes, and security risks, especially in Balochistan.

Answer: C. Creativity, culture, and technology

The Orange Economy includes sectors like media, entertainment, digital content, and cultural industries driven by creativity, intellectual property, and technology.

Answer: E. 80%

Under CGSMFI-2.0, the government provides tiered guarantee coverage, with 80% coverage for small MFIs to encourage lending to the microfinance sector.

Answer: C. Outflows exceeding inflows

Negative Net FDI occurs when foreign investment outflows (repatriation, disinvestment) exceed fresh inflows, indicating pressure on the external sector.

Answer: D. ₹1,000

SEBI reduced the minimum investment in Social Impact Funds from ₹2 lakh to ₹1,000 to increase retail participation and promote inclusive finance.

Answer: C. Enable faster and cheaper international payments

RBI is working on cross-border CBDC systems to reduce transaction costs, speed up settlements, and simplify compliance in international payments.

Answer: C. Integration of solar energy generation with agriculture

AgriPV involves installing solar panels on agricultural land to simultaneously generate electricity and grow crops, improving land-use efficiency.

Answer: C. Turmeric

Shade-tolerant crops like turmeric, ginger, and leafy vegetables are suitable for AgriPV systems as they can grow under reduced sunlight beneath solar panels.

Answer: C

The Strait of Hormuz is a crucial global oil transit route, through which nearly 20% of world oil passes. India relies heavily on oil imports from West Asia, making it strategically important.

Answer: B

Operation Urja Suraksha focuses on securing energy supply routes, especially via the Strait of Hormuz, to ensure continuous oil and gas imports.

Answer: C

Emissions intensity means emissions per unit of GDP. A reduction indicates that economic growth is becoming more environmentally sustainable.

Answer: C

IVFRT is an e-governance initiative aimed at digitizing visa, entry, stay, and exit processes to enhance immigration security and efficiency.

Answer: C

SEBI introduced this initiative to help investors identify genuine apps linked to registered intermediaries, reducing fraud risks.

Answer: B

FPI outflows lead to capital withdrawal, causing stock market decline, currency depreciation, and increased volatility.

Answer: B

Opt-in moratorium allows only those borrowers who need relief to opt for it, avoiding unnecessary stress on banks and maintaining asset quality.

Answer: C

PAN linkage helps track spending patterns and detect mismatches between income and expenditure, reducing tax evasion.

Answer: B

GCS helps evaluate borrowers like farmers and SHGs who lack formal credit history, improving their access to institutional credit.

Answer: C

CICs generate credit scores, helping lenders assess risk and extend credit to underserved populations.

Answer: B. Ease of doing business and compliance

The Bill focuses on decriminalising minor offences, reducing compliance burden, and promoting ease of doing business through trust-based governance.

Answer: C. Graded penalties based on severity

The Bill introduces proportional penalties based on the severity of offences, ensuring rational and fair punishment.

Answer: C. Legislative performance of MLAs

MLATrack.com is a digital platform that tracks MLA attendance, debates, questions, and overall legislative performance.

Answer: C. Steel girders in Road Over Bridges

The PRISM-SG Portal is used for approval, inspection, and monitoring of steel girders used in Road Over Bridges (ROBs).

Answer: C. School students

The initiative aims to prevent substance abuse among school students and promote a drug-free school environment.

Answer: D. Bridges allowing roads to pass over railway tracks

ROBs eliminate level crossings by allowing road traffic to move over railway tracks, improving safety and reducing congestion.

Answer: B. Housing finance

Gruh Sugam is a digital home loan marketplace designed to facilitate housing loans, especially for government personnel.

Answer: C. Comparison of multiple loan offers

The portal allows users to compare loan options from multiple lenders, ensuring transparency and better choices.

Answer: B. Manage liquidity in the economy

OMOs involve buying and selling government securities to inject or absorb liquidity and stabilize interest rates.

Answer: B. Fall in market value of securities

MTM losses occur when the market value of securities (like bonds) falls below their purchase price, often due to rising yields.

Answer: B

Maternal mortality refers to the death of a woman during pregnancy, childbirth, or within 42 days after termination of pregnancy due to pregnancy-related causes.

Answer: C

Institutional deliveries ensure skilled healthcare support and emergency services, which significantly reduce maternal deaths.

Answer: C

Usual Status (ps+ss) considers the activity status of a person over the last 365 days, providing a long-term employment estimate.

Answer: C

Agriculture continues to employ the largest share (around 43%) of the workforce, although its share is gradually declining.

Answer: C

PM E-DRIVE scheme promotes electric vehicles (E2W and E3W) to reduce fossil fuel dependency and carbon emissions.

Answer: B

RBI directed banks to reduce dollar positions to support the rupee and prevent excessive depreciation.

Answer: C

A long position means the bank holds more foreign currency assets, expecting depreciation of domestic currency.

Answer: B

Rupee depreciation means more rupees are needed to buy one dollar, indicating a weaker rupee.

Answer: C

Pine Labs was penalised for issuing full-KYC PPIs without proper verification, violating RBI norms.

Answer: B

PSL ensures that sectors like agriculture, MSMEs, and weaker sections receive adequate credit support from banks.

Answer: B. Arctic and High North

NATO launched the “Arctic Sentry” mission to enhance security, surveillance, and military coordination in the Arctic region amid rising geopolitical tensions involving major global powers.

Answer: D. USD 30 billion

During his visit, Brazil’s President set a target to increase India–Brazil trade to USD 30 billion by 2030, strengthening strategic and economic ties.

Answer: C. Develop proactive counter-terror framework

PRAHAAR is a comprehensive national counter-terrorism strategy focusing on prevention, response, coordination, and resilience using a whole-of-government approach.

Answer: D. 64

The initiative aims to strengthen inter-parliamentary dialogue and cooperation with 64 countries through structured legislative engagement.

Answer: C. 45+

Teacher App 2.0 integrates over 45 AI tools to enhance lesson planning, personalized learning, and classroom management.

Answer: C. Japan

Dharma Guardian is a joint military exercise between India and Japan aimed at improving interoperability and tactical coordination.

Answer: C. 3 years

RBI allows lending to REITs only if they are listed, operational for at least 3 years, and have stable financial performance.

Answer: C. 49%

RBI has capped bank exposure to REITs and their associated entities at 49% of asset value to ensure financial stability.

Answer: B. Access to RBI liquidity facilities

Scheduled banks enjoy RBI support like refinance and liquidity facilities; removal leads to loss of these privileges.

Answer: B. 1969

The Lead Bank Scheme was introduced in 1969 to improve credit delivery and financial inclusion at the district level.