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Daily Current Affairs
28 April, 2026
1. What is the minimum net worth required to be classified as an Ultra-High Net-Worth Individual (UHNWI) as per the Knight Frank Wealth Report 2026?
A. $10 million
B. $20 million
C. $30 million
D. $50 million
E. $100 million
Answer: C. $30 million
Explanation: The report defines UHNWIs as individuals having a net worth of $30 million (approximately â‚ą283 crore) or more.
2. Which country ranked 6th globally in terms of UHNWI population in 2026 according to the Knight Frank Wealth Report?
A. France
B. India
C. United Kingdom
D. Germany
E. Japan
Answer: B. India
Explanation: India ranked 6th with 19,877 UHNWIs in 2026, reflecting rapid wealth growth.
3. By 2031, India’s number of billionaires is projected to reach approximately:
A. 250
B. 275
C. 300
D. 313
E. 350
Answer: D. 313
Explanation: The report projects India’s billionaire count to increase from 207 in 2026 to 313 by 2031, indicating strong economic growth.
4. The NMBA 2.0 App has been launched under which national framework?
A. National Health Mission
B. Digital India Programme
C. National Action Plan for Drug Demand Reduction (NAPDDR)
D. Ayushman Bharat
E. Skill India Mission
Answer: C. National Action Plan for Drug Demand Reduction (NAPDDR)
Explanation: NMBA 2.0 App operates under NAPDDR, focusing on awareness, treatment, and rehabilitation to combat drug abuse.
5. Which of the following best describes NITI Aayog?
A. Constitutional body
B. Statutory body
C. Non-constitutional, non-statutory body
D. Judicial body
E. Autonomous constitutional authority
Answer: C. Non-constitutional, non-statutory body
Explanation: NITI Aayog was created by a Cabinet Resolution in 2015 and is neither constitutional nor statutory.
6. The proposed Index of Service Production (ISP) aims to track:
A. Annual agricultural output
B. Monthly performance of the services sector
C. Industrial production only
D. Export-import data
E. Inflation trends
Answer: B. Monthly performance of the services sector
Explanation: ISP is designed as a high-frequency indicator to monitor monthly output of the services sector.
7. Under RBI’s revised NPA norms, if a borrower defaults on one loan, what happens to other loans of the same borrower?
A. Only defaulted loan becomes NPA
B. Loans above â‚ą10 lakh become NPA
C. All loans of the borrower become NPA
D. Loans remain standard for 180 days
E. Only secured loans become NPA
Answer: C. All loans of the borrower become NPA
Explanation: RBI introduced a “borrower-wise” classification where default in one loan leads to all loans being classified as NPAs.
8. Under the Expected Credit Loss (ECL) framework, provisioning begins:
A. After 90 days of default
B. After 180 days
C. Only after NPA classification
D. From the day the loan is granted
E. After restructuring
Answer: D. From the day the loan is granted
Explanation: ECL is a forward-looking model where expected losses are estimated from the very beginning of the loan.
9. In the ECL framework, which parameter represents the probability that a borrower will default?
A. LGD
B. EAD
C. PD
D. SICR
E. ROE
Answer: C. PD
Explanation: PD (Probability of Default) measures the likelihood that a borrower will fail to repay a loan.
10. The “Orange Economy” primarily focuses on which of the following sectors?
A. Heavy industries
B. Agriculture
C. Creative industries and intellectual property
D. Mining sector
E. Energy production
Answer: C. Creative industries and intellectual property
Explanation: The Orange Economy emphasizes creativity, culture, and IP-driven sectors like media, gaming, design, and digital content.
