Daily Current Affairs Quiz: 04 November 2026
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1. According to the State of the Cryosphere 2026 report released ahead of COP31, how fast is the Arctic warming compared with the global average?
A. Twice as fast
B. Three times as fast
C. Four times as fast
D. Six times as fast
E. At the same rate
View Answer
Explanation: The report by the International Cryosphere Climate Initiative (ICCI) and UNEP notes that the Arctic is warming four times faster than the global average, a process called Arctic amplification. Loss of reflective ice and snow lets darker surfaces absorb more heat, which speeds up warming further. The report warns that even a temporary overshoot of 1.5°C could cause permanent ice loss.
2. The recent saffron trial in Ladakh, which flowered in just 30 days, was carried out on barren land restored under which project?
A. Project Himalaya Green
B. Project Him Sarovar
C. Project Kesar Ladakh
D. Project Unnati
E. Project Sindhu Darshan
View Answer
Explanation: The Ladakh trial was done on degraded land brought back into use under Project Him Sarovar. Saffron normally takes about two months to flower, so a 30-day bloom is a promising sign for cold-desert farming. In India, saffron is mainly grown in Pampore (Pulwama, J&K), and Kashmir saffron received a GI tag in 2020.
3. Which chemical compound is responsible for the colour of saffron (Crocus sativus)?
A. Safranal
B. Picrocrocin
C. Curcumin
D. Crocin
E. Capsaicin
View Answer
Explanation: Saffron's quality is judged by three key compounds: crocin gives the deep colour, picrocrocin gives the bitter taste and safranal gives the aroma. The spice comes from the hand-picked red stigmas of the flower. Saffron plants are sterile and are propagated only through corms, and 1.5 to 1.75 lakh flowers are needed for one kilogram.
4. At the 1st International Maize Conference (IMC 2026) held in Hyderabad, which fifth 'F' was added to the earlier idea of Food, Feed, Fodder and Fuel?
A. Fibre
B. Fertiliser
C. Forestry
D. Finance
E. Farmers
View Answer
Explanation: The old maize vision rested on the 4Fs: Food, Feed, Fodder and Fuel. IMC 2026 added Farmers as the fifth F, shifting focus to farmer income, lower input costs and stable livelihoods. Maize is called the 'queen of cereals' for its high yield potential, and ICAR-Indian Institute of Maize Research is located at Ludhiana.
5. A Centre of Excellence for the conservation and development of which indigenous cattle breed has been announced in Sikkim?
A. Siri
B. Gir
C. Sahiwal
D. Tharparkar
E. Punganur
View Answer
Explanation: Union Minister Rajiv Ranjan Singh announced the Centre of Excellence for the Siri breed, a hardy hill cattle of Sikkim and the Eastern Himalayas. The centre will work on breed improvement and genetic conservation, using In Vitro Fertilisation (IVF) to multiply superior germplasm. Alongside, the North District Cooperative Milk Producers' Union was launched under White Revolution 2.0.
6. Under the Grievance Redressal Rules, 2026 notified for VB-G RAM G, within how many days must scheme-related grievances be resolved?
A. 7 days
B. 10 days
C. 15 days
D. 30 days
E. 45 days
View Answer
Explanation: The Ministry of Rural Development notified these rules under the Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission (Gramin). They create a multi-level system to receive, record, investigate and settle complaints, with a 15-day deadline. The aim is to improve accountability and protect the work and wage rights of rural households.
7. The Ministry of Panchayati Raj signed an MoU with Convergence Energy Services Limited (CESL) for EV charging on Panchayat land. CESL is a wholly owned subsidiary of:
A. NTPC Limited
B. Power Grid Corporation of India
C. Indian Renewable Energy Development Agency
D. Energy Efficiency Services Limited
E. REC Limited
View Answer
Explanation: CESL is a wholly owned subsidiary of Energy Efficiency Services Limited (EESL) under the Ministry of Power. Under the MoU, CESL will set up EV charging and battery-swapping facilities on Panchayat-owned land, while MoPR coordinates with states to find sites. Panchayats gain extra Own Source Revenue (OSR), improving their financial self-reliance.
8. In its November 2026 amendments to the export-import regulations under FEMA, the RBI introduced what threshold for certain service-related transactions?
A. ₹1 lakh
B. ₹5 lakh
C. ₹10 lakh
D. ₹25 lakh
E. ₹50 lakh
View Answer
Explanation: The Foreign Exchange Management (Export and Import of Goods and Services) (Second Amendment) Regulations, 2026 introduced a ₹10 lakh threshold for certain service transactions. Resident individuals are now treated as having filed the Export Declaration Form (EDF) once they share the required details with their Authorised Dealer bank. The changes apply retrospectively from 1 October 2026.
9. Under SEBI's new framework for Depository Receipts (DRs) of REITs and InvITs at GIFT City, a fresh issue of DRs requires approval of at least what share of unitholder votes cast?
A. 51%
B. 60%
C. 66%
D. 75%
E. 90%
View Answer
Explanation: SEBI now allows REITs and InvITs to issue DRs backed by their units, listed on India INX and NSE IX at GIFT City. A fresh issue needs prior unitholder approval with at least 75% of votes in favour, similar to a special resolution. SEBI also cut the Offer for Sale cooling-off period for illiquid private listed InvITs from 12 weeks to 8 weeks.
10. Razorpay has received the final Payment Service Provider (PSP) licence to operate from GIFT City from which regulator?
A. Reserve Bank of India
B. Securities and Exchange Board of India
C. National Payments Corporation of India
D. International Financial Services Centres Authority
E. Ministry of Finance
View Answer
Explanation: The International Financial Services Centres Authority (IFSCA) is the unified regulator for financial services in International Financial Services Centres such as GIFT City. Razorpay got in-principle approval in April 2026 and the final licence in November 2026. It will support international collections, settlements and multi-currency transactions, with RBL Bank and ICICI Bank integrations already live.
11. As per the ILO report 'Women in Business and Management: Scaling Success', what is India's rank among 34 Asia-Pacific economies for women in managerial jobs?
A. 18th
B. 25th
C. 30th
D. 32nd
E. 34th
View Answer
Explanation: Women hold less than 12 per cent of manager jobs in India, placing it 32nd out of 34 Asia-Pacific economies; only Pakistan and Bangladesh rank lower. The report also finds women in India earn about 28 per cent less per hour than men, the fourth-widest gap among 23 economies studied, behind Tonga, South Korea and Vanuatu.
12. How many gazelle companies does India have in the 2026 ASK Private Wealth Hurun India Gazelle Index, where it moved to third place globally?
A. 47
B. 51
C. 63
D. 278
E. 302
View Answer
Explanation: India now has 51 gazelles, four more than last year, overtaking the UK for third place behind the US (302) and China (278). A gazelle is a privately held company founded in 2000 or later, valued between $500 million and $1 billion, and likely to become a unicorn within three years. Fintech and SaaS lead India's list.
13. The Bharatiya Vayuyan Niyam, 2026, notified by the Ministry of Civil Aviation, replaces which earlier rules?
A. Aircraft Rules, 1937
B. Aircraft Act Rules, 1934
C. Civil Aviation Requirements, 1994
D. Carriage by Air Rules, 1972
E. Airports Authority Rules, 1995
View Answer
Explanation: The new rules replace the Aircraft Rules, 1937 and will take effect on 1 January 2027. They are framed under the Bharatiya Vayuyan Adhiniyam, 2024, which replaced the old Aircraft Act, 1934. The rules cover aircraft registration, airworthiness, maintenance, flight operations, personnel licensing, tariffs and airport operations.
14. Project 18A, which received in-principle approval from the Defence Acquisition Council, relates to:
A. Next Generation Corvettes
B. Next Generation Submarines
C. Next Generation Destroyers
D. Next Generation Frigates
E. Next Generation Aircraft Carriers
View Answer
Explanation: Project 18A is the Indian Navy's Next Generation Destroyer programme, estimated at around ₹80,000 crore. The large stealth guided-missile warships will be designed by the Navy's in-house Warship Design Bureau, with capabilities for land attack, air defence and anti-submarine warfare. They are meant to succeed the Visakhapatnam-class destroyers as the fleet's main surface strike platforms.
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