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Daily Current Affairs
2 April, 2026
1. The Andhra Pradesh Reorganisation (Amendment) Bill, 2026 provides “statutory backing” to Amaravati. What does this imply?
A) Amaravati becomes a Union Territory
B) The decision is legally backed by Parliament and difficult to reverse
C) Andhra Pradesh gets Special Category Status
D) Hyderabad becomes part of Andhra Pradesh again
E) Capital decision shifts to Supreme Court
Answer: B) The decision is legally backed by Parliament and difficult to reverse
Explanation: Statutory backing means the decision is supported by an Act of Parliament, making it legally binding and hard to change through executive actions.
2. In the Three-Capital Model proposed earlier for Andhra Pradesh, which city was designated as the Administrative Capital?
A) Amaravati
B) Kurnool
C) Visakhapatnam
D) Vijayawada
E) Tirupati
Answer: C) Visakhapatnam
Explanation: The proposed model had Visakhapatnam as Administrative capital, Amaravati as Legislative, and Kurnool as Judicial capital.
3. The Nagoya Protocol primarily deals with which aspect of biodiversity governance?
A) Climate change mitigation
B) Wildlife protection laws
C) Fair sharing of benefits from genetic resources
D) Ocean pollution control
E) Forest fire management
Answer: C) Fair sharing of benefits from genetic resources
Explanation: The Nagoya Protocol ensures equitable sharing of benefits arising from the use of genetic resources, preventing biopiracy.
4. What is the main objective of the Nyaya Setu AI Chatbot?
A) Replace judges with AI
B) Increase court fees collection
C) Provide easy and multilingual access to legal information
D) Monitor criminal activities
E) Digitize police records only
Answer: C) Provide easy and multilingual access to legal information
Explanation: Nyaya Setu aims to democratize access to justice by removing language and literacy barriers using AI and voice-first technology.
5. The Jan Vishwas (Amendment of Provisions) Bill, 2026 focuses on:
A) Increasing criminal penalties
B) Decriminalising minor offences and reducing compliance burden
C) Expanding GST scope
D) Nationalizing MSMEs
E) Abolishing civil courts
Answer: B) Decriminalising minor offences and reducing compliance burden
Explanation: The Bill shifts minor offences from criminal penalties (jail) to civil penalties (fines), promoting ease of doing business.
6. The natural gas derivatives launched by NSE and IGX are primarily useful for:
A) Export promotion
B) Hedging against price volatility
C) Increasing tax revenue
D) Reducing imports
E) Currency stabilization
Answer: B) Hedging against price volatility
Explanation: Industries can use derivatives to lock in prices and protect themselves from fluctuations in natural gas prices.
7. The benchmark index for the new natural gas derivative contracts is:
A) Brent Index
B) Henry Hub
C) GIXI
D) Nifty Energy
E) MCX Gas Index
Answer: C) GIXI
Explanation: GIXI is the benchmark price index developed by the Indian Gas Exchange reflecting domestic gas prices.
8. The RBI’s PaSS framework aims to introduce:
A) Unified lending platform
B) Digital currency
C) Bank account portability
D) Cryptocurrency regulation
E) Loan waiver scheme
Answer: C) Bank account portability
Explanation: PaSS allows customers to switch banks without changing their account number, similar to mobile number portability.
9. Why did the RBI ban Non-Deliverable Forward (NDF) contracts on the rupee?
A) To increase exports
B) To reduce speculation on currency without real transactions
C) To promote foreign investment
D) To stabilize stock markets
E) To increase remittances
Answer: B) To reduce speculation on currency without real transactions
Explanation: NDFs allow speculative betting without actual currency exchange, which can destabilize the rupee during crises.
10. What is the primary purpose of Regulatory Impact Assessment (RIA)?
A) Increase number of laws
B) Reduce tax rates
C) Evaluate economic and social impact of regulations
D) Replace Parliament
E) Promote exports
Answer: C) Evaluate economic and social impact of regulations
Explanation: RIA assesses the costs, benefits, and consequences of regulations before and after implementation to ensure effectiveness.
