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Daily Current Affairs
24 March, 2026
1. SWAMIH Investment Fund II is primarily aimed at which of the following?
A. Promoting exports of real estate
B. Completing stalled housing projects
C. Financing luxury housing
D. Providing tax rebates to builders
E. Supporting foreign real estate investment
Answer: B. Completing stalled housing projects
Explanation: SWAMIH Investment Fund II is a â‚ą15,000 crore fund aimed at completing stalled affordable and mid-income housing projects and providing relief to distressed homebuyers.
2. The stealth frigate Taragiri (F41) is built under which project?
A. Project 15B
B. Project 16
C. Project 17A
D. Project 75
E. Project Varsha
Answer: C. Project 17A
Explanation: Taragiri (F41) is a stealth guided-missile frigate developed under Project 17A, which focuses on advanced stealth and modern combat capabilities.
3. Why did India withdraw from the Iran–Pakistan–India (IPI) pipeline project?
A. Lack of natural gas demand
B. Environmental concerns
C. U.S. sanctions pressure and security concerns
D. High domestic production of gas
E. Opposition from Iran
Answer: C. U.S. sanctions pressure and security concerns
Explanation: India exited the IPI pipeline project in 2007 due to concerns over U.S. sanctions (CAATSA), pricing disputes, and security risks, especially in Balochistan.
4. The term “Orange Economy” refers to industries driven by:
A. Agriculture and mining
B. Manufacturing and exports
C. Creativity, culture, and technology
D. Heavy industries
E. Defence production
Answer: C. Creativity, culture, and technology
Explanation: The Orange Economy includes sectors like media, entertainment, digital content, and cultural industries driven by creativity, intellectual property, and technology.
5. Under CGSMFI-2.0, what is the maximum guarantee coverage provided to small MFIs?
A. 60%
B. 65%
C. 70%
D. 75%
E. 80%
Answer: E. 80%
Explanation: Under CGSMFI-2.0, the government provides tiered guarantee coverage, with 80% coverage for small MFIs to encourage lending to the microfinance sector.
6. Negative Net FDI implies which of the following?
A. More inflows than outflows
B. No foreign investment
C. Outflows exceeding inflows
D. Only equity investment
E. Increase in domestic savings
Answer: C. Outflows exceeding inflows
Explanation: Negative Net FDI occurs when foreign investment outflows (repatriation, disinvestment) exceed fresh inflows, indicating pressure on the external sector.
7. SEBI reduced the minimum investment in Social Impact Funds (AIFs) to:
A. â‚ą10,000
B. â‚ą50,000
C. â‚ą1 lakh
D. â‚ą1,000
E. â‚ą2 lakh
Answer: D. â‚ą1,000
Explanation: SEBI reduced the minimum investment in Social Impact Funds from â‚ą2 lakh to â‚ą1,000 to increase retail participation and promote inclusive finance.
8. What is the key objective of cross-border CBDC initiatives by RBI?
A. Replace physical currency
B. Eliminate banks
C. Enable faster and cheaper international payments
D. Increase taxation
E. Promote cryptocurrency trading
Answer: C. Enable faster and cheaper international payments
Explanation: RBI is working on cross-border CBDC systems to reduce transaction costs, speed up settlements, and simplify compliance in international payments.
9. Agri-Photovoltaics (AgriPV) refers to:
A. Solar panels used only for irrigation
B. Growing crops inside factories
C. Integration of solar energy generation with agriculture
D. Use of drones in farming
E. Organic farming methods
Answer: C. Integration of solar energy generation with agriculture
Explanation: AgriPV involves installing solar panels on agricultural land to simultaneously generate electricity and grow crops, improving land-use efficiency.
10. Which of the following crops is most suitable under AgriPV due to shade tolerance?
A. Wheat
B. Rice
C. Turmeric
D. Sugarcane
E. Cotton
Answer: C. Turmeric
Explanation: Shade-tolerant crops like turmeric, ginger, and leafy vegetables are suitable for AgriPV systems as they can grow under reduced sunlight beneath solar panels.
