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Daily Current Affairs
02 May, 2026
1. Which category in the Special 301 Report is considered the most severe and can lead to trade sanctions?
A) Watch List
B) Priority Watch List
C) Priority Foreign Country
D) Monitoring List
E) Restricted Trade List
Answer: C) Priority Foreign Country
Explanation: The “Priority Foreign Country” category represents the most serious level of concern in the Special 301 Report and can trigger investigations and trade sanctions under Section 301.
2. Which country had the highest number of universities represented in THE Asia University Rankings 2026?
A) China
B) Japan
C) India
D) Singapore
E) South Korea
Answer: C) India
Explanation: India had the highest representation with 128 universities, highlighting strong participation but also indicating a quality gap at the top level.
3. Under the PM E-DRIVE scheme, which segment is newly included for targeted incentives?
A) Petrol cars
B) Hybrid trucks
C) Electric ambulances
D) Diesel buses
E) CNG taxis
Answer: C) Electric ambulances
Explanation: PM E-DRIVE expanded its focus to include emerging segments like electric ambulances and trucks, emphasizing public and commercial transport electrification.
4. The People’s Biodiversity Register (PBR) is mandated under which Act?
A) Forest Conservation Act, 1980
B) Environment Protection Act, 1986
C) Biological Diversity Act, 2002
D) Wildlife Protection Act, 1972
E) National Green Tribunal Act
Answer: C) Biological Diversity Act, 2002
Explanation: PBR is a statutory requirement under the Biological Diversity Act, 2002 to document biodiversity and traditional knowledge at the local level.
5. Operation Sadbhavana is primarily based on which strategy?
A) Economic sanctions
B) Military dominance
C) Winning Hearts and Minds
D) Cyber warfare
E) Border fencing
Answer: C) Winning Hearts and Minds
Explanation: Operation Sadbhavana focuses on building trust with local populations through welfare activities like education, healthcare, and infrastructure.
6. Which body is responsible for maintaining the PBR at the local level?
A) National Biodiversity Authority
B) State Biodiversity Board
C) Biodiversity Management Committee
D) Gram Sabha only
E) Forest Department
Answer: C) Biodiversity Management Committee
Explanation: The Biodiversity Management Committee (BMC) prepares and maintains the PBR at the Panchayat or municipal level.
7. A Core Investment Company (CIC) must invest at least what percentage of its net assets in group companies?
A) 50%
B) 60%
C) 75%
D) 90%
E) 100%
Answer: D) 90%
Explanation: As per RBI norms, a CIC must hold at least 90% of its net assets in investments in group companies.
8. Under RBI’s Scale-Based Regulation, which layer of NBFCs must mandatorily list on stock exchanges?
A) Base Layer
B) Middle Layer
C) Upper Layer
D) Top Layer
E) All Layers
Answer: C) Upper Layer
Explanation: NBFCs classified under the Upper Layer face stricter regulations, including mandatory listing requirements due to their systemic importance.
9. What is the primary purpose of Custom Hiring Centres (CHCs) under SMAM?
A) Export machinery
B) Provide subsidies to corporates
C) Offer machinery on rent to farmers
D) Manufacture tractors
E) Train engineers only
Answer: C) Offer machinery on rent to farmers
Explanation: CHCs allow small and marginal farmers to access expensive machinery on a rental basis, reducing capital burden.
10. Under SMAM, which group is eligible for the highest subsidy (up to 50%)?
A) Corporate farmers
B) Exporters
C) Small, marginal, SC/ST, and women farmers
D) Government officers
E) Private companies
Answer: C) Small, marginal, SC/ST, and women farmers
Explanation: SMAM prioritizes inclusive growth by offering higher subsidies to vulnerable farmer groups to promote mechanization.
