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Daily Current Affairs
03 March, 2026
1. Which military operation was reportedly launched by the United States and Israel against Iran’s nuclear and missile infrastructure in 2026?
A. Operation Desert Shield
B. Operation Epic Fury (Operation Genesis)
C. Operation Iron Dome
D. Operation Rising Lion
E. Operation Global Strike
Answer: B. Operation Epic Fury (Operation Genesis)
Explanation: 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.
2. India recently signed a landmark uranium supply agreement worth about CAD $2.6 billion with which country?
A. Australia
B. Canada
C. France
D. Russia
E. Kazakhstan
Answer: B. Canada
Explanation: 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.
3. The concept of ‘Legacy Thrust Territories’ introduced by the Ministry of Home Affairs is primarily related to which issue?
A. Border infrastructure development
B. Coastal security management
C. Preventing resurgence of Left Wing Extremism
D. Rehabilitation of refugees
E. Urban smart city expansion
Answer: C. Preventing resurgence of Left Wing Extremism
Explanation: 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.
4. The National Arogya Fair 2026 was organised in which location?
A. Nashik, Maharashtra
B. Bhopal, Madhya Pradesh
C. Shegaon, Maharashtra
D. Nagpur, Maharashtra
E. Indore, Madhya Pradesh
Answer: C. Shegaon, Maharashtra
Explanation: 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.
5. SEBI has mandated that market intermediaries must display which information while posting securities-related content on social media?
A. PAN Number
B. Aadhaar Number
C. Registered name and SEBI registration number
D. GST Registration Number
E. CIN Number
Answer: C. Registered name and SEBI registration number
Explanation: 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.
6. The Reserve Bank of India imposed a ₹11.50 lakh penalty on Mahindra & Mahindra Financial Services Limited primarily for violating which regulatory framework?
A. Basel III Norms
B. Fair Practices Code
C. Prompt Corrective Action (PCA)
D. Liquidity Coverage Ratio (LCR)
E. Capital Adequacy Norms
Answer: B. Fair Practices Code
Explanation: 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.
7. What does the Index of Industrial Production (IIP) measure in the Indian economy?
A. Inflation in consumer goods
B. Agricultural productivity
C. Industrial sector performance
D. Export competitiveness
E. Service sector output
Answer: C. Industrial sector performance
Explanation: 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.
8. Which institution regulates both Payments Banks and Small Finance Banks in India?
A. SEBI
B. IRDAI
C. Reserve Bank of India
D. Ministry of Finance
E. NABARD
Answer: C. Reserve Bank of India
Explanation: 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.
9. What EPF interest rate has been recommended by EPFO for the financial year 2025–26?
A. 8.00%
B. 8.10%
C. 8.15%
D. 8.25%
E. 8.50%
Answer: D. 8.25%
Explanation: 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.
10. SEBI’s newly introduced 50% portfolio overlap rule is applicable primarily to which type of mutual funds?
A. Debt funds
B. Balanced funds
C. Index funds
D. Thematic and sectoral funds
E. Liquid funds
Answer: D. Thematic and sectoral funds
Explanation: 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.
