Daily Current Affairs Quiz: 04 & 05 October 2026
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1. The CCEA has approved higher Minimum Support Prices for the Rabi crops of the 2027–28 Marketing Season. What is the revised MSP of wheat?
A. ₹2,585 per quintal
B. ₹2,610 per quintal
C. ₹2,635 per quintal
D. ₹2,425 per quintal
E. ₹2,700 per quintal
View Answer
Explanation: The Cabinet Committee on Economic Affairs raised MSPs for all mandated Rabi crops for the 2027–28 season. Wheat got a hike of ₹25, taking it to ₹2,610 per quintal. Barley, gram, lentil, rapeseed-mustard, safflower and toria are also covered, and the aim is to give farmers remunerative prices and encourage Rabi output.
2. Under the ICAR–FCI MoU on alternative fumigation technologies for stored wheat and rice, which institute will implement Phase-I?
A. ICAR-IARI, New Delhi
B. ICAR-CIPHET, Ludhiana
C. ICAR-NDRI, Karnal
D. ICAR-NRRI, Cuttack
E. ICAR-IIWBR, Karnal
View Answer
Explanation: Phase-I is a two-year programme with an approved outlay of ₹3.28 crore, to be carried out by ICAR-CIPHET, Ludhiana. It will test nitrogen, carbon dioxide and combined CO₂-phosphine fumigation as safer options for grain held in FCI storage.
3. The ICAR–FCI programme is looking for substitutes to which two chemicals, whose repeated use in grain storage has led to pest resistance?
A. Methyl bromide and DDT
B. Aluminium phosphide and malathion
C. Ethylene dibromide and lindane
D. Chlorpyrifos and endosulfan
E. Sulfuryl fluoride and carbaryl
View Answer
Explanation: Heavy reliance on aluminium phosphide and malathion has pushed pest resistance in key states to 72–100%. This raises fumigation costs and exposes workers and the environment to greater risk, which is why ICAR and FCI are developing safer and more sustainable alternatives.
4. NPS Swasthya was launched by PFRDA on 1 October 2026 (NPS Diwas). Which pension fund manager is so far the only one to have launched this scheme?
A. SBI Pension Funds
B. HDFC Pension Fund
C. Axis Pension Fund
D. UTI Retirement Solutions
E. LIC Pension Fund
View Answer
Explanation: NPS Swasthya pairs a dedicated investment corpus with a super top-up health insurance policy, and Axis Pension Fund is the first to offer it. The family floater covers the subscriber, spouse and children (not parents) with a sum insured of ₹1 lakh to ₹30 lakh. Subscribers may withdraw up to 25% of their own contributions.
5. The Bankers’ Books Evidence Act, 2026, which came into force on 1 October 2026, replaces a law enacted in which year?
A. 1872
B. 1881
C. 1891
D. 1934
E. 1949
View Answer
Explanation: The new Act replaces the Bankers’ Books Evidence Act, 1891 and gives a modern framework for using banking records as evidence, including records kept electronically. It received Presidential assent on 13 August 2026.
6. Bank of Baroda has become the second PSU bank to sponsor a pension fund. Which PSU bank was the first to enter this segment, in 2008?
A. Punjab National Bank
B. Canara Bank
C. State Bank of India
D. Bank of India
E. Union Bank of India
View Answer
Explanation: SBI entered the pension fund business in 2008. BoB will operate through BoB Pension Fund Management Company, holding an 80.10% stake, with Baroda BNP Asset Management Company holding 19.90%. BoB has also linked Tatkal NPS with the BHIM App for digital onboarding.
7. Who has been appointed MD & CEO of HDFC Bank, becoming the first external candidate to lead the bank?
A. Sandeep Bakhshi
B. Anup Bagchi
C. Ashok Vaswani
D. Shashidhar Jagdishan
E. Amitabh Chaudhry
View Answer
Explanation: Anup Bagchi has been appointed for three years, subject to RBI approval. He earlier served as MD & CEO of ICICI Prudential Life Insurance and held senior roles at ICICI Bank and ICICI Securities, bringing over 30 years of banking and financial services experience.
8. The RoDTEP Scheme has been extended up to 31 December 2026. Which body administers and implements this scheme?
A. Directorate General of Foreign Trade (DGFT)
B. Central Board of Indirect Taxes and Customs (CBIC)
C. EXIM Bank
D. ECGC Ltd
E. Federation of Indian Export Organisations
View Answer
Explanation: RoDTEP is notified by the DGFT under the Department of Commerce, but administered by the CBIC under the Department of Revenue. In force since 1 January 2021, this WTO-compliant scheme replaced MEIS and refunds embedded Central, State and local taxes on exported goods.
9. What is the outlay of Samudra Manthan, the National Offshore Exploration Scheme, till FY2030-31?
A. ₹48,084 crore
B. ₹64,084 crore
C. ₹76,000 crore
D. ₹84,084 crore
E. ₹1,00,000 crore
View Answer
Explanation: This Central Sector scheme of the Ministry of Petroleum and Natural Gas targets deep and ultra-deep offshore basins. It seeks to add over 600 MMTOE of recoverable reserves, raise domestic production to 80 MMTOE a year and reduce dependence on imported crude.
10. The Ministry of Finance has projected India’s real GDP growth for Q2 FY27 at:
A. 6.8%
B. 7.0%
C. 7.3%
D. 7.8%
E. 8.2%
View Answer
Explanation: Growth stood at 7.8% in Q1 FY27, and the 7.3% projection for Q2 is backed by domestic consumption, investment, bank credit, infrastructure activity and services. Total exports were close to US$400 billion in the first five months of FY27.
11. The Centre has approved ₹10,520 crore for the Amended BharatNet Programme in Maharashtra. How many Gram Panchayats will it cover?
A. 15,799
B. 22,450
C. 25,100
D. 28,237
E. 32,600
View Answer
Explanation: DBN signed the agreement with Maharashtra, MDIL, BSNL and MahaIT. The programme will cover 28,237 Gram Panchayats and provide on-demand connectivity to 15,799 villages, improving rural broadband and last-mile digital access.
12. NRIDA has signed an MoU with which institution for a four-year impact assessment of rural roads built under PMGSY-IV and PM-JANMAN?
A. IIM Ahmedabad
B. IIM Kolkata
C. IIM Bangalore
D. NIRDPR, Hyderabad
E. IIT Delhi
View Answer
Explanation: The longitudinal study will cover 10 States/UTs, 50 districts, 150 blocks, 250 roads and about 5,000 households. Using baseline, transition and endline surveys, it will measure changes in mobility, livelihoods and access to essential services.
13. A New Discovery Track has been launched under the PRIP Scheme. With what outlay was the PRIP Scheme launched in 2023?
A. ₹1,500 crore
B. ₹2,500 crore
C. ₹5,000 crore
D. ₹7,500 crore
E. ₹10,000 crore
View Answer
Explanation: PRIP, run by the Department of Pharmaceuticals, strengthens pharma research and innovation. The new track gives early-stage funding to New Chemical Entities, New Biological Entities, complex generics, biosimilars and medical devices, with projects required to bring 25% co-funding.
14. Which was the highest-ranked Indian institution in the THE World University Rankings 2027, and at what position?
A. IIT Bombay, 198th
B. IIT Delhi, 231st
C. IISc Bengaluru, 254th
D. IIT Madras, 276th
E. JNU, 301st
View Answer
Explanation: IISc Bengaluru was placed 254th globally. Oxford stayed at the top for the 11th year in a row, and the USA had the most ranked universities (168), followed by India (143). The rankings assess teaching, research environment, research quality, international outlook and industry.
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