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Daily Current Affairs
3 April, 2026
1. Why is the Lagrange Point 1 (L1) ideal for missions like Aditya-L1?
A) It is closest to Mars
B) It allows continuous solar observation without obstruction
C) It has zero gravity
D) It is inside the Sun’s atmosphere
E) It is used for satellite launching
Answer: B) It allows continuous solar observation without obstruction
Explanation: L1 is a stable point between Earth and the Sun where satellites can continuously observe the Sun without eclipses from Earth or Moon, making it ideal for solar missions.
2. What is the primary role of Survey Vessel ‘Sanshodhak’?
A) Missile launching
B) Combat operations
C) Hydrographic and oceanographic surveys
D) Space research
E) Oil drilling
Answer: C) Hydrographic and oceanographic surveys
Explanation: Sanshodhak is a survey vessel used for mapping the seabed, studying ocean data, and supporting navigation and maritime development.
3. What is the main objective of IOS SAGAR initiative?
A) Space exploration
B) Agricultural exports
C) Maritime security cooperation in Indian Ocean Region
D) Tourism promotion
E) Banking integration
Answer: C) Maritime security cooperation in Indian Ocean Region
Explanation: IOS SAGAR focuses on enhancing maritime cooperation, tackling piracy, and ensuring regional security in the Indian Ocean.
4. What is the main purpose of IRDAI’s action against dark patterns?
A) Increase insurance prices
B) Improve company profits
C) Protect consumers from misleading digital practices
D) Reduce policy issuance
E) Promote offline insurance
Answer: C) Protect consumers from misleading digital practices
Explanation: IRDAI aims to eliminate deceptive UI/UX practices that manipulate users into buying unwanted insurance products.
5. What is a key feature of a Wholly Owned Subsidiary (WOS) model in banking?
A) No RBI regulation
B) Operates only internationally
C) Locally incorporated and regulated entity in India
D) No capital requirement
E) Only digital operations
Answer: C) Locally incorporated and regulated entity in India
Explanation: Under WOS, foreign banks operate as Indian entities with local capital and governance, making regulation easier for RBI.
6. Why did SEBI reconsider the open market buyback route?
A) Stock market crash
B) Political pressure
C) Removal of tax arbitrage differences
D) Lack of investors
E) High inflation
Answer: C) Removal of tax arbitrage differences
Explanation: After tax reforms, buyback proceeds are taxed as capital gains, removing earlier inequities and making open market buybacks fair.
7. What is the impact of buyback on company shares?
A) Increases total shares
B) Decreases share value
C) Reduces outstanding shares
D) Stops trading
E) Converts shares into bonds
Answer: C) Reduces outstanding shares
Explanation: Buybacks reduce the number of shares in circulation, which generally increases Earnings Per Share (EPS).
8. What is the main aim of the ‘Tea Mark’ scheme?
A) Increase exports only
B) Promote tea tourism
C) Ensure traceability and quality of tea
D) Reduce tea production
E) Replace coffee industry
Answer: C) Ensure traceability and quality of tea
Explanation: Tea Mark certifies that tea meets quality standards and ensures transparency in the supply chain.
9. Which of the following best describes digital traceability in agriculture?
A) Manual record keeping
B) Satellite farming
C) Tracking product journey using digital tools
D) Social media marketing
E) Weather forecasting
Answer: C) Tracking product journey using digital tools
Explanation: Digital traceability ensures that agricultural products can be tracked from origin to final consumer, improving transparency and quality assurance.
10. What is a major reason for failure of agri-tech startups in Southeast Asia?
A) Lack of farmers
B) Government bans
C) Premature expansion across multiple markets
D) High rainfall
E) Excess funding
Answer: C) Premature expansion across multiple markets
Explanation: Many startups failed due to expanding too quickly into diverse markets without strong local execution strategies.
