Daily Current Affairs Quiz: 25 & 26 October 2026
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NABARD Grade A 2026: 45-Day Final Revision Plan + Daily Targets
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1. The Union government has extended the Agriculture Infrastructure Fund (AIF) up to which date?
A. 31 December 2026
B. 30 September 2027
C. 31 March 2027
D. 31 March 2028
E. 30 June 2027
View Answer
Explanation: The AIF was due to end on 30 September 2026, but the Centre has now extended it up to 31 March 2027. The extra time lets more farmers, FPOs and agri-entrepreneurs take loans for post-harvest assets such as cold storages, warehouses and grading units, with interest subvention and credit guarantee support.
2. Which body gave the approval for extending the Agriculture Infrastructure Fund beyond 30 September 2026?
A. NITI Aayog
B. Department of Expenditure
C. Reserve Bank of India
D. NABARD Board
E. Department of Financial Services
View Answer
Explanation: The extension was cleared by the Department of Expenditure under the Ministry of Finance. Launched in 2020-21, the AIF has sanctioned about ₹1.03 trillion for over 2.28 lakh projects and mobilised more than ₹1.75 trillion. Madhya Pradesh, Maharashtra, Uttar Pradesh, Punjab and Gujarat are the leading states.
3. How many Farmer IDs have been created under the Digital Agriculture Mission, five months ahead of the 31 March 2027 deadline?
A. 6 crore
B. 8 crore
C. 9.5 crore
D. 11 crore
E. 14 crore
View Answer
Explanation: The Agriculture Ministry completed 11 crore Farmer IDs on the night of 23 October 2026. A Farmer ID is a unique digital identity that links a farmer to land records and crop details, making it easier to reach government schemes, bank credit, crop insurance and disaster relief.
4. The Digital Agriculture Mission, approved by the Union Cabinet in 2024, has an outlay of about how much?
A. ₹1,250 crore
B. ₹2,817 crore
C. ₹4,500 crore
D. ₹6,000 crore
E. ₹10,000 crore
View Answer
Explanation: The mission carries an outlay of roughly ₹2,817 crore. Its core is AgriStack, built on three registries: the Farmer Registry, Geo-referenced Village Maps and the Crop Sown Registry. The Farmer ID works as the identity layer of AgriStack, much like Aadhaar does in India Stack.
5. The Farmer ID plays the same role in AgriStack that which of the following plays in India Stack?
A. UPI
B. DigiLocker
C. Aadhaar
D. e-KYC
E. Jan Dhan account
View Answer
Explanation: Just as Aadhaar is the identity layer of India Stack, the Farmer ID is the identity layer of AgriStack. Since agriculture is a State subject, the pace and manner of AgriStack implementation differ from state to state, and states play a central role in verifying land and crop data.
6. The upgraded NMMS 2.0 app for recording worker attendance under VB-G RAM G was developed with technical support from which institution?
A. IIT Bombay
B. IIT Delhi
C. IISc Bengaluru
D. IIT Madras
E. C-DAC Pune
View Answer
Explanation: NMMS stands for National Mobile Monitoring System. Version 2.0, launched by Shivraj Singh Chouhan, was built with IIT Madras and adds device-level security, AI-based verification and offline attendance, all meant to curb fake attendance under the Viksit Bharat-Guarantee for Rozgar & Ajeevika Mission (Gramin).
7. Under the RBI's revised leverage ratio framework, what minimum leverage ratio applies to Domestic Systemically Important Banks (D-SIBs)?
A. 3%
B. 3.5%
C. 4%
D. 4.5%
E. 5%
View Answer
Explanation: D-SIBs must keep a minimum leverage ratio of 4%, while other banks need 3.5%. Indian branches of Global Systemically Important Banks (G-SIBs) need 3.5% plus the applicable buffer. The higher bar for D-SIBs reflects the bigger risk their failure would pose to the economy.
8. From which date will the RBI's revised bank leverage ratio framework come into effect?
A. 1 January 2027
B. 1 April 2027
C. 1 October 2026
D. 1 April 2028
E. 31 March 2027
View Answer
Explanation: The changes were issued through the Commercial Banks – Prudential Norms on Capital Adequacy (Eleventh Amendment Directions), 2026, and take effect from 1 April 2027. They bring Indian rules in line with the 2017 Basel Committee on Banking Supervision standard under Basel III.
9. The leverage ratio measures a bank's capital against its total exposure. Which capital is used in this ratio?
A. Tier 2 capital
B. Total risk-weighted assets
C. Common equity only
D. Tier 1 capital
E. Paid-up capital
View Answer
Explanation: The leverage ratio compares a bank's Tier 1 capital with its total exposure, covering both on-balance-sheet and off-balance-sheet items. Unlike the risk-weighted capital ratio, it is a simple, non-risk-based backstop that stops banks from building up too much debt.
10. The World Bank's World Development Report 2026 recommends which three-step approach to AI for developing countries?
A. Awareness, access and action
B. Adoption, adaptation and advancement
C. Investment, innovation and inclusion
D. Regulation, research and rollout
E. Data, devices and deployment
View Answer
Explanation: The report suggests countries first adopt existing AI tools, then adapt them to local needs and finally advance by building their own capabilities. It also stresses basics like electricity, internet, computing, quality data and skilled workers, and urges scaling up pilots only on evidence of impact.
11. Under the IndiaAI Mission, 'AIKosh' is the name of which pillar?
A. IndiaAI Compute Capacity
B. IndiaAI FutureSkills
C. IndiaAI Startup Financing
D. Safe and Trusted AI
E. IndiaAI Datasets Platform
View Answer
Explanation: AIKosh is the IndiaAI Datasets Platform, which gives developers access to datasets for building AI. It is one of seven pillars of the IndiaAI Mission, alongside Compute Capacity, the Innovation Centre, Application Development, FutureSkills, Startup Financing and Safe and Trusted AI.
12. Who chaired the 30th meeting of the Financial Stability and Development Council (FSDC) in New Delhi?
A. RBI Governor
B. Prime Minister
C. Union Finance Minister Nirmala Sitharaman
D. SEBI Chairperson
E. Chief Economic Adviser
View Answer
Explanation: The FSDC is chaired by the Union Finance Minister, and Nirmala Sitharaman led its 30th meeting. The council reviews domestic and global financial developments and emerging risks, and helps coordinate the work of financial-sector regulators such as RBI, SEBI, IRDAI and PFRDA.
13. India's first Snow Leopard Population Assessment (SPAI) recorded how many snow leopards in the country?
A. 477
B. 516
C. 718
D. 832
E. 1,050
View Answer
Explanation: The SPAI counted 718 snow leopards, of which 477 are in Ladakh. The Environment Ministry highlighted the figures on International Snow Leopard Day, 23 October. Known as the 'Ghost of the Mountains', Panthera uncia is a solitary apex predator listed as Vulnerable by the IUCN.
14. Ashoke Sen became the first Indian to win the 2026 Oskar Klein Medal. His research mainly focuses on which field?
A. Quantum computing
B. Dark matter detection
C. Nuclear fusion
D. String theory
E. Gravitational waves
View Answer
Explanation: The medal is given by Stockholm University and the Nobel Committee for Physics of the Royal Swedish Academy of Sciences. Sen works on string theory, which tries to explain all particles and forces, including gravity, in one framework and link quantum physics with Einstein's relativity.
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