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Daily Current Affairs
24 & 25 April, 2026
1. Which of the following statements about CAFE-III norms is correct?
A) It regulates emissions of individual vehicles only
B) It applies only to electric vehicles
C) It targets fleet-wide average emissions of manufacturers
D) It is applicable only to commercial vehicles
E) It is implemented by RBI
Answer: C) It targets fleet-wide average emissions of manufacturers
Explanation: CAFE norms regulate the average fuel efficiency and COâ‚‚ emissions of the entire vehicle fleet of a manufacturer, not individual vehicles.
2. Which of the following is NOT a threat to the Gangetic River Dolphin?
A) River pollution
B) Fishing nets
C) Dams and barrages
D) Afforestation programs
E) River traffic
Answer: D) Afforestation programs
Explanation: Afforestation helps the environment, whereas pollution, dams, fishing nets, and traffic harm dolphin habitats.
3. Under the Prime Minister Internship Scheme (PMIS), the stipend is primarily paid through:
A) Only companies
B) Only NGOs
C) Government DBT and company contribution
D) State governments
E) International agencies
Answer: C) Government DBT and company contribution
Explanation: PMIS follows a hybrid model where the government provides â‚ą5000 via DBT and companies contribute â‚ą500 through CSR funds.
4. Which of the following best describes a “Sanipreneur” under the NAMASTE scheme?
A) A sanitation inspector
B) A manual scavenger
C) A sanitation worker turned entrepreneur
D) A municipal officer
E) A waste recycler
Answer: C) A sanitation worker turned entrepreneur
Explanation: Sanipreneurs are sanitation workers who transition into business owners using mechanized cleaning solutions under government support.
5. What does a “demand shock” imply in the RBI context?
A) Increase in production
B) Fall in inflation
C) Reduction in consumer spending
D) Increase in exports
E) Rise in employment
Answer: C) Reduction in consumer spending
Explanation: Persistent inflation reduces purchasing power, leading to decreased discretionary spending, causing a demand shock.
6. HSBC’s “Underweight” rating on India implies:
A) Strong growth expected
B) Equal performance with benchmark
C) Underperformance expected
D) No investment required
E) Government ownership increase
Answer: C) Underperformance expected
Explanation: Underweight means investors should hold less of that asset as it is expected to perform worse than peers or benchmarks.
7. Which of the following correctly explains “upstreaming of funds” in stock markets?
A) Brokers invest funds in stocks
B) Funds are transferred to RBI
C) Client funds are moved to clearing corporations
D) Funds are sent to SEBI
E) Funds are invested in mutual funds
Answer: C) Client funds are moved to clearing corporations
Explanation: Upstreaming ensures brokers do not hold client funds overnight, improving safety by transferring them to clearing corporations.
8. The Central Fraud Registry (CFR) currently includes fraud cases above:
A) â‚ą10,000
B) â‚ą50,000
C) â‚ą1 lakh
D) â‚ą5 lakh
E) â‚ą10 lakh
Answer: C) â‚ą1 lakh
Explanation: CFR records frauds involving â‚ą1 lakh and above to enable early detection and monitoring.
9. According to the CRIF-SIDBI report, rising loan count with slower value growth indicates:
A) Larger loans are increasing
B) Smaller loans are increasing
C) Lending has stopped
D) Interest rates are zero
E) Banks are closing
Answer: B) Smaller loans are increasing
Explanation: Higher loan count but slower total value growth indicates a shift toward smaller-sized loans.
10. Why did the government increase the wheat procurement target in 2026?
A) Export demand increased
B) MSP was lower than market price
C) Market price was lower than MSP
D) Crop failure occurred
E) Imports increased
Answer: C) Market price was lower than MSP
Explanation: Farmers preferred selling to the government as MSP (â‚ą2585) was higher than mandi prices, leading to increased procurement.
