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Daily Current Affairs
17 & 18 April, 2026
1. Which key feature makes the Self-Help Group (SHG) model under National Rural Livelihood Mission highly adaptable to African countries?
A) Heavy reliance on foreign aid
B) Capital-intensive infrastructure model
C) Community-driven and low-cost structure
D) Focus only on urban employment
E) Mandatory government employment
Answer: C) Community-driven and low-cost structure
Explanation: The SHG model is cost-effective, based on community participation, and does not require heavy capital investment, making it suitable for developing economies, especially in Africa.
2. What is the primary objective of the Union Territories Laws (Amendment) Bill, 2026?
A) Introduce GST reforms in UTs
B) Establish new Union Territories
C) Ensure uniform implementation of parliamentary reforms in UTs
D) Abolish Legislative Assemblies in UTs
E) Increase Governor’s powers
Answer: C) Ensure uniform implementation of parliamentary reforms in UTs
Explanation: The Bill aligns UTs like Delhi, Puducherry, and J&K with national reforms such as women’s reservation and delimitation under the 131st Constitutional Amendment.
3. Under the Urban Challenge Fund (UCF), what is the main purpose of the Credit Repayment Guarantee Sub-Scheme (CRGSS)?
A) Provide free housing to urban poor
B) Fund metro rail projects
C) Guarantee loans to reduce risk for lenders
D) Directly finance private companies
E) Subsidize fuel costs
Answer: C) Guarantee loans to reduce risk for lenders
Explanation: CRGSS helps smaller cities access credit by providing guarantees to lenders, thereby reducing perceived financial risk.
4. Which of the following best describes the “Lakhpati Didi” initiative?
A) Women receiving â‚ą1 lakh subsidy
B) Women earning above â‚ą1 lakh annually
C) Women owning land above â‚ą1 lakh value
D) Women government officers
E) Women entrepreneurs in metro cities
Answer: B) Women earning above â‚ą1 lakh annually
Explanation: “Lakhpati Didi” refers to SHG women members earning more than ₹1 lakh annually, showcasing economic empowerment through NRLM.
5. Which institution is responsible for implementing and monitoring CAFE standards in India?
A) NITI Aayog
B) Central Pollution Control Board
C) Bureau of Energy Efficiency
D) Ministry of Transport
E) Automotive Research Association of India
Answer: C) Bureau of Energy Efficiency
Explanation: The Bureau of Energy Efficiency (BEE), under the Ministry of Power, sets and monitors CAFE norms related to fuel efficiency and COâ‚‚ emissions.
6. Why did India slip to 6th position in global GDP rankings according to the IMF (2026)?
A) Decline in real GDP growth
B) High unemployment
C) Rupee depreciation against the US Dollar
D) Reduction in exports
E) Increase in fiscal deficit
Answer: C) Rupee depreciation against the US Dollar
Explanation: GDP rankings are measured in USD. Rupee depreciation reduced India’s dollar-denominated GDP, affecting its ranking despite strong growth in domestic terms.
7. What major change was introduced in SEBI’s “Fit and Proper Person” criteria in April 2026?
A) Automatic disqualification on FIR
B) Disqualification on media reports
C) Disqualification only after conviction
D) Removal of all eligibility norms
E) Lifetime ban on intermediaries
Answer: C) Disqualification only after conviction
Explanation: SEBI shifted to a conviction-based approach to prevent premature disqualification and ensure fairness.
8. What is the primary function of the “Super Sales Saathi” app launched by Life Insurance Corporation of India?
A) Customer grievance redressal
B) Stock market tracking
C) Supporting LIC agents in sales
D) Loan approval processing
E) Government subsidy tracking
Answer: C) Supporting LIC agents in sales
Explanation: The app provides AI-based tools, performance analytics, and customer insights to improve agent productivity and sales efficiency.
9. According to CRISIL, which segment is most vulnerable to stress due to the West Asia conflict?
A) Corporate loans
B) Retail housing loans
C) MSME loans
D) Agricultural loans
E) Government borrowings
Answer: C) MSME loans
Explanation: MSMEs are more vulnerable due to rising input costs, supply disruptions, and limited financial resilience.
10. What does “seasoning of a loan portfolio” mean in banking?
A) Increasing loan interest rates
B) Diversifying loan categories
C) Aging of loans revealing risk profile
D) Loan restructuring
E) Government loan waiver
Answer: C) Aging of loans revealing risk profile
Explanation: As loans age, their repayment behavior becomes clearer, helping assess the actual risk of default.
